Runs: 500
Stats
RV mean: 9.94%
RV st dev: .44%
mean
RV-IV
: -15.06 vol pointsP/L mean: -15.16 vol points
P/L st dev: 3 vol points
While the expected p/l maps strongly to how many vol points of underperformance there is (in this case 15 points), the standard deviation is now 3 points.