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European countries ranked according to the standard deviation associated with their rolling EWM (1960–2019).
| Country | Standard Deviation of Rolling EWM |
|---|---|
| Finland, Norway, Iceland, Denmark, Sweden. | 6.6% to 7.6% |
| Netherlands, Germany, Luxembourg, Switzerland, Austria, France, Belgium. | 8.2% to 10.0% |
| Bulgaria, Italy, Greece. | 12.1% to 13.4% |
| UK, Ireland. | 13.9% |
| Spain. | 14.5% |
| Portugal. | 17.5% |
