| Index | Downside | Upside |
|
| Volatility | Volatility | % Downside | |
| FTSE MIB40—Italy | 4.6110% | 3.4516% | 64.09% |
| CAC40—France | 3.7540% | 2.7717% | 64.72% |
| DAX30—Germany | 4.0499% | 3.2423% | 60.94% |
| FTSE100—UK | 3.1363% | 2.2072% | 66.88% |
| IBEX—Spain | 4.0101% | 3.1451% | 61.92% |
| AEX—Netherlands | 4.1925% | 2.8291% | 68.71% |