Lowest-volatility mutual funds in Egypt

What is normal for each category

Every fund, least volatile first

How these figures are computed

• Volatility: the standard deviation of month-end returns, multiplied by the square root of 12. Monthly, because Egyptian fund NAVs carry short-lived pricing noise that reverses within a week or two, and daily changes scaled up to a year counted that noise as risk. A month-end return counts only when the two closes are 20–45 days apart, so a hole in the data cannot masquerade as volatility. A fund under a year old is measured on its own publication rhythm (weekly or daily).
• Maximum drawdown: the largest fall from any earlier peak to the trough that followed it, after stitching re-denominations (a sudden change in the unit’s par value) and discarding isolated bad ticks.
• Downside deviation: the root-mean-square of the negative month-end returns against a 0% target (rising months count as zero), multiplied by the square root of 12 — the wobble of the losses, not the gains.
• CAGR: the geometric annual growth from the first available NAV to the latest, not published for funds younger than ninety days.
• No Sharpe ratio, alpha or beta is published: there is no documented benchmark per category and no reproducible EGP risk-free series, and a figure that cannot be reproduced is not published.

Full methodology →

Frequently asked questions

What does annualized volatility mean?

It is the standard deviation of the fund’s month-end NAV returns, multiplied by the square root of 12 (for a fund under a year old, of its own daily or weekly NAV changes, scaled to a year). 2% means the price usually moved within a narrow band; 25% means large moves in both directions. It is computed from the fund’s own history and does not forecast anything.

Is low volatility the same as low risk?

It only means the price wobbled little in the past. It does not measure credit, liquidity or inflation risk: a money market fund with near-zero volatility can still lose purchasing power to inflation. Maximum drawdown completes the picture — the worst peak-to-trough fall the fund actually went through.

Why is my fund missing?

A fund is listed when it has at least 30 NAV observations, enough for both volatility and maximum drawdown to be computed, and when its series is not flagged with a re-pricing artefact that would make the arithmetic misleading. Newer funds and funds with broken histories appear once their history is complete.