Backtest Portfolio Asset Allocation

This portfolio backtesting tool allows you to construct one or more portfolios based on the selected mutual funds, ETFs, and stocks. You can analyze and backtest portfolio returns, risk characteristics, style exposures, and drawdowns. The results cover both returns and fund fundamentals based portfolio style analysis along with risk and return decomposition by each portfolio asset. You can compare up to three different portfolios against the selected benchmark, and you can also specify any periodic contribution or withdrawal cashflows and the preferred portfolio rebalancing strategy.

The related asset class level portfolio modeling tool allows you to analyze and compare asset class level portfolios with a longer time horizon starting from 1972.

Time Period

Start Year

First Month

End Year

Last Month

Calendar Aligned

Include YTD

Start Date

End Date

Initial Amount

$ .00

Cashflows

Contribution Amount

$ .00

Inflation Adjusted

Withdrawal Percentage

Frequency

Rebalancing

Absolute Deviation

Relative Deviation

Reinvest Dividends

Display Income

Factor Regression

Equity Factor Model

Benchmark

Benchmark Ticker

Portfolio Names

Portfolio Name #1

Portfolio Name #2

Portfolio Name #3

Portfolio Assets

Portfolio #1

Portfolio #2

Portfolio #3

Asset 1

Select asset 1

Enter percentage allocation for asset 1 in portfolio 1 %

Enter percentage allocation for asset 1 in portfolio 2 %

Enter percentage allocation for asset 1 in portfolio 3 %

Asset 2

Select asset 2

Enter percentage allocation for asset 2 in portfolio 1 %

Enter percentage allocation for asset 2 in portfolio 2 %

Enter percentage allocation for asset 2 in portfolio 3 %

Asset 3

Select asset 3

Enter percentage allocation for asset 3 in portfolio 1 %

Enter percentage allocation for asset 3 in portfolio 2 %

Enter percentage allocation for asset 3 in portfolio 3 %

Asset 4

Select asset 4

Enter percentage allocation for asset 4 in portfolio 1 %

Enter percentage allocation for asset 4 in portfolio 2 %

Enter percentage allocation for asset 4 in portfolio 3 %

Asset 5

Select asset 5

Enter percentage allocation for asset 5 in portfolio 1 %

Enter percentage allocation for asset 5 in portfolio 2 %

Enter percentage allocation for asset 5 in portfolio 3 %

Asset 6

Select asset 6

Enter percentage allocation for asset 6 in portfolio 1 %

Enter percentage allocation for asset 6 in portfolio 2 %

Enter percentage allocation for asset 6 in portfolio 3 %

Asset 7

Select asset 7

Enter percentage allocation for asset 7 in portfolio 1 %

Enter percentage allocation for asset 7 in portfolio 2 %

Enter percentage allocation for asset 7 in portfolio 3 %

Asset 8

Select asset 8

Enter percentage allocation for asset 8 in portfolio 1 %

Enter percentage allocation for asset 8 in portfolio 2 %

Enter percentage allocation for asset 8 in portfolio 3 %

Asset 9

Select asset 9

Enter percentage allocation for asset 9 in portfolio 1 %

Enter percentage allocation for asset 9 in portfolio 2 %

Enter percentage allocation for asset 9 in portfolio 3 %

Asset 10

Select asset 10

Enter percentage allocation for asset 10 in portfolio 1 %

Enter percentage allocation for asset 10 in portfolio 2 %

Enter percentage allocation for asset 10 in portfolio 3 %

Total

Total allocation for portfolio 1 %

Total allocation for portfolio 2 %

Total allocation for portfolio 3 %

Portfolio Analysis Results (Sep 1987 - Dec 2017)

Note: The time period was constrained by the available data for Vanguard Ltd-Term Tx-Ex (VMLTX) [Sep 1987 - Feb 2021].

Portfolio Allocations

Portfolio 1
Ticker	Name	Allocation
VMLTX	Vanguard Ltd-Term Tx-Ex	100.00%
Save portfolio »

Portfolio Returns

Portfolio performance statistics
Portfolio	Initial Balance	Final Balance	CAGR	Stdev	Best Year	Worst Year	Max. Drawdown	Sharpe Ratio	Sortino Ratio	US Mkt Correlation
Portfolio 1	$10,000	$33,246	4.04%	1.87%	9.48%	-0.16%	-2.13%	0.47	0.71	0.05

Trailing Returns

Trailing Returns
Name	Annualized Return						Annualized Volatility
Name	3 Month	1 year	3 year	5 year	10 year	Full	3 year	5 year
Portfolio 1	-0.51%	2.01%	1.06%	1.09%	2.13%	4.04%	1.63%	1.48%
Trailing annualized return and volatility are for full months ending in December 2017 excluding portfolio cashflows.

Notes on results:

Past performance is no guarantee of future results, which may vary. All use is subject to terms of service.
Investing involves risk, including possible loss of principal. The value of the investments and the income derived from them may fluctuate over time.
All portfolio returns presented are hypothetical and backtested. Hypothetical returns do not reflect trading costs, transaction fees, or taxes.
The results are based on information from a variety of sources we consider reliable, but we do not represent that the information is accurate or complete.
The results do not constitute investment advice or recommendation, are provided solely for informational purposes, and are not an offer to buy or sell any securities.
The results are based on the total return of assets and assume that all received dividends and distributions are reinvested.
The annual results for 1987 are based on monthly returns from September to December
CAGR = Compound Annual Growth Rate
Stdev = Annualized standard deviation of monthly returns
Sharpe and Sortino ratios are calculated and annualized from monthly excess returns over risk free rate (3-month treasury bill)
Stock market correlation is based on the correlation of monthly returns
Drawdown analysis is calculated based on monthly returns excluding cashflows
The results assume annual rebalancing of portfolio assets to match the specified allocation
Portfolio cashflows and rebalancing for quarterly and annual periods are aligned with calendar periods.

Annual returns for the configured portfolios
Year	Inflation	Portfolio 1 Return	Portfolio 1 Balance	Vanguard Ltd-Term Tx-Ex (VMLTX)
1987	0.87%	2.71%	$10,271	2.71%
1988	4.42%	6.40%	$10,928	6.40%
1989	4.65%	8.07%	$11,810	8.07%
1990	6.11%	7.04%	$12,641	7.04%
1991	3.06%	9.48%	$13,839	9.48%
1992	2.90%	6.39%	$14,724	6.39%
1993	2.75%	6.31%	$15,653	6.31%
1994	2.67%	0.07%	$15,664	0.07%
1995	2.54%	8.57%	$17,006	8.57%
1996	3.32%	4.08%	$17,700	4.08%
1997	1.70%	5.10%	$18,603	5.10%
1998	1.61%	5.12%	$19,555	5.12%
1999	2.68%	1.47%	$19,842	1.47%
2000	3.39%	6.35%	$21,101	6.35%
2001	1.55%	5.58%	$22,278	5.58%
2002	2.38%	6.31%	$23,684	6.31%
2003	1.88%	2.79%	$24,344	2.79%
2004	3.26%	1.53%	$24,717	1.53%
2005	3.42%	1.11%	$24,990	1.11%
2006	2.54%	3.33%	$25,822	3.33%
2007	4.08%	4.32%	$26,936	4.32%
2008	0.09%	2.91%	$27,719	2.91%
2009	2.72%	5.57%	$29,264	5.57%
2010	1.50%	1.97%	$29,841	1.97%
2011	2.96%	3.71%	$30,947	3.71%
2012	1.74%	1.77%	$31,495	1.77%
2013	1.50%	0.49%	$31,648	0.49%
2014	0.76%	1.79%	$32,214	1.79%
2015	0.73%	1.32%	$32,641	1.32%
2016	2.07%	-0.16%	$32,590	-0.16%
2017	2.11%	2.01%	$33,246	2.01%
Annual return for 1987 is from 09/01/1987 to 12/31/1987

Monthly returns for the configured portfolios
Year	Month	Portfolio 1 Return	Vanguard Ltd-Term Tx-Ex (VMLTX)
1987	9	-0.15%	-0.15%
1987	10	0.51%	0.51%
1987	11	1.42%	1.42%
1987	12	0.90%	0.90%
1988	1	1.89%	1.89%
1988	2	0.58%	0.58%
1988	3	0.09%	0.09%
1988	4	0.58%	0.58%
1988	5	0.19%	0.19%
1988	6	0.59%	0.59%
1988	7	0.40%	0.40%
1988	8	-0.08%	-0.08%
1988	9	0.91%	0.91%
1988	10	0.71%	0.71%
1988	11	-0.18%	-0.18%
1988	12	0.58%	0.58%
1989	1	0.81%	0.81%
1989	2	-0.27%	-0.27%
1989	3	-0.07%	-0.07%
1989	4	1.13%	1.13%
1989	5	1.34%	1.34%
1989	6	0.84%	0.84%
1989	7	1.14%	1.14%
1989	8	-0.14%	-0.14%
1989	9	0.43%	0.43%
1989	10	0.73%	0.73%
1989	11	1.04%	1.04%
1989	12	0.82%	0.82%
1990	1	0.03%	0.03%
1990	2	0.82%	0.82%
1990	3	0.03%	0.03%
1990	4	-0.06%	-0.06%
1990	5	1.22%	1.22%
1990	6	0.82%	0.82%
1990	7	0.91%	0.91%
1990	8	-0.06%	-0.06%
1990	9	0.43%	0.43%
1990	10	1.02%	1.02%
1990	11	1.16%	1.16%
1990	12	0.52%	0.52%
1991	1	1.09%	1.09%
1991	2	1.08%	1.08%
1991	3	0.00%	0.00%
1991	4	0.87%	0.87%
1991	5	0.67%	0.67%
1991	6	-0.01%	-0.01%
1991	7	0.76%	0.76%
1991	8	0.95%	0.95%
1991	9	0.95%	0.95%
1991	10	0.55%	0.55%
1991	11	0.37%	0.37%
1991	12	1.80%	1.80%
1992	1	0.43%	0.43%
1992	2	0.13%	0.13%
1992	3	-0.25%	-0.25%
1992	4	0.62%	0.62%
1992	5	0.81%	0.81%
1992	6	1.08%	1.08%
1992	7	1.63%	1.63%
1992	8	-0.36%	-0.36%
1992	9	0.59%	0.59%
1992	10	-0.07%	-0.07%
1992	11	0.95%	0.95%
1992	12	0.68%	0.68%
1993	1	0.75%	0.75%
1993	2	1.68%	1.68%
1993	3	-0.56%	-0.56%
1993	4	0.56%	0.56%
1993	5	0.28%	0.28%
1993	6	0.74%	0.74%
1993	7	-0.20%	-0.20%
1993	8	1.11%	1.11%
1993	9	0.73%	0.73%
1993	10	0.07%	0.07%
1993	11	0.07%	0.07%
1993	12	0.92%	0.92%
1994	1	0.62%	0.62%
1994	2	-1.03%	-1.03%
1994	3	-0.77%	-0.77%
1994	4	0.36%	0.36%
1994	5	0.45%	0.45%
1994	6	-0.02%	-0.02%
1994	7	0.73%	0.73%
1994	8	0.16%	0.16%
1994	9	-0.21%	-0.21%
1994	10	-0.20%	-0.20%
1994	11	-0.31%	-0.31%
1994	12	0.29%	0.29%
1995	1	0.96%	0.96%
1995	2	1.21%	1.21%
1995	3	0.77%	0.77%
1995	4	0.47%	0.47%
1995	5	1.34%	1.34%
1995	6	0.47%	0.47%
1995	7	0.48%	0.48%
1995	8	0.58%	0.58%
1995	9	0.19%	0.19%
1995	10	0.57%	0.57%
1995	11	0.75%	0.75%
1995	12	0.48%	0.48%
1996	1	0.75%	0.75%
1996	2	-0.02%	-0.02%
1996	3	-0.46%	-0.46%
1996	4	0.09%	0.09%
1996	5	0.10%	0.10%
1996	6	0.47%	0.47%
1996	7	0.66%	0.66%
1996	8	0.09%	0.09%
1996	9	0.55%	0.55%
1996	10	0.84%	0.84%
1996	11	0.83%	0.83%
1996	12	0.10%	0.10%
1997	1	0.29%	0.29%
1997	2	0.54%	0.54%
1997	3	-0.64%	-0.64%
1997	4	0.28%	0.28%
1997	5	0.86%	0.86%
1997	6	0.74%	0.74%
1997	7	1.03%	1.03%
1997	8	-0.09%	-0.09%
1997	9	0.64%	0.64%
1997	10	0.37%	0.37%
1997	11	0.26%	0.26%
1997	12	0.74%	0.74%
1998	1	0.64%	0.64%
1998	2	0.23%	0.23%
1998	3	0.18%	0.18%
1998	4	-0.30%	-0.30%
1998	5	1.02%	1.02%
1998	6	0.35%	0.35%
1998	7	0.27%	0.27%
1998	8	1.01%	1.01%
1998	9	0.53%	0.53%
1998	10	0.36%	0.36%
1998	11	0.26%	0.26%
1998	12	0.45%	0.45%
1999	1	0.82%	0.82%
1999	2	-0.04%	-0.04%
1999	3	0.08%	0.08%
1999	4	0.25%	0.25%
1999	5	-0.10%	-0.10%
1999	6	-0.77%	-0.77%
1999	7	0.64%	0.64%
1999	8	-0.01%	-0.01%
1999	9	0.26%	0.26%
1999	10	-0.01%	-0.01%
1999	11	0.45%	0.45%
1999	12	-0.10%	-0.10%
2000	1	-0.01%	-0.01%
2000	2	0.35%	0.35%
2000	3	0.66%	0.66%
2000	4	-0.10%	-0.10%
2000	5	0.10%	0.10%
2000	6	1.33%	1.33%
2000	7	0.85%	0.85%
2000	8	0.75%	0.75%
2000	9	0.08%	0.08%
2000	10	0.57%	0.57%
2000	11	0.37%	0.37%
2000	12	1.23%	1.23%
2001	1	1.41%	1.41%
2001	2	0.34%	0.34%
2001	3	0.65%	0.65%
2001	4	-0.28%	-0.28%
2001	5	0.93%	0.93%
2001	6	0.54%	0.54%
2001	7	0.74%	0.74%
2001	8	1.10%	1.10%
2001	9	0.17%	0.17%
2001	10	0.45%	0.45%
2001	11	-0.57%	-0.57%
2001	12	-0.01%	-0.01%
2002	1	1.00%	1.00%
2002	2	0.77%	0.77%
2002	3	-1.40%	-1.40%
2002	4	1.53%	1.53%
2002	5	0.51%	0.51%
2002	6	0.86%	0.86%
2002	7	0.77%	0.77%
2002	8	0.58%	0.58%
2002	9	0.84%	0.84%
2002	10	-0.87%	-0.87%
2002	11	0.20%	0.20%
2002	12	1.38%	1.38%
2003	1	0.11%	0.11%
2003	2	0.70%	0.70%
2003	3	-0.17%	-0.17%
2003	4	0.44%	0.44%
2003	5	0.90%	0.90%
2003	6	-0.01%	-0.01%
2003	7	-1.09%	-1.09%
2003	8	0.44%	0.44%
2003	9	1.24%	1.24%
2003	10	-0.20%	-0.20%
2003	11	0.24%	0.24%
2003	12	0.16%	0.16%
2004	1	0.25%	0.25%
2004	2	0.86%	0.86%
2004	3	-0.30%	-0.30%
2004	4	-1.12%	-1.12%
2004	5	-0.21%	-0.21%
2004	6	0.05%	0.05%
2004	7	0.61%	0.61%
2004	8	0.97%	0.97%
2004	9	0.05%	0.05%
2004	10	0.25%	0.25%
2004	11	-0.40%	-0.40%
2004	12	0.52%	0.52%
2005	1	-0.12%	-0.12%
2005	2	-0.23%	-0.23%
2005	3	-0.30%	-0.30%
2005	4	0.53%	0.53%
2005	5	0.26%	0.26%
2005	6	0.44%	0.44%
2005	7	-0.29%	-0.29%
2005	8	0.45%	0.45%
2005	9	-0.03%	-0.03%
2005	10	-0.12%	-0.12%
2005	11	0.16%	0.16%
2005	12	0.35%	0.35%
2006	1	0.26%	0.26%
2006	2	0.15%	0.15%
2006	3	-0.20%	-0.20%
2006	4	0.17%	0.17%
2006	5	0.37%	0.37%
2006	6	-0.01%	-0.01%
2006	7	0.57%	0.57%
2006	8	0.75%	0.75%
2006	9	0.46%	0.46%
2006	10	0.28%	0.28%
2006	11	0.46%	0.46%
2006	12	0.01%	0.01%
2007	1	0.01%	0.01%
2007	2	0.54%	0.54%
2007	3	0.29%	0.29%
2007	4	0.19%	0.19%
2007	5	-0.08%	-0.08%
2007	6	0.10%	0.10%
2007	7	0.49%	0.49%
2007	8	0.49%	0.49%
2007	9	0.76%	0.76%
2007	10	0.30%	0.30%
2007	11	0.66%	0.66%
2007	12	0.48%	0.48%
2008	1	1.69%	1.69%
2008	2	-1.47%	-1.47%
2008	3	1.13%	1.13%
2008	4	0.18%	0.18%
2008	5	0.28%	0.28%
2008	6	-0.56%	-0.56%
2008	7	0.93%	0.93%
2008	8	0.83%	0.83%
2008	9	-1.56%	-1.56%
2008	10	0.11%	0.11%
2008	11	0.64%	0.64%
2008	12	0.74%	0.74%
2009	1	2.12%	2.12%
2009	2	-0.60%	-0.60%
2009	3	0.25%	0.25%
2009	4	0.70%	0.70%
2009	5	0.23%	0.23%
2009	6	0.03%	0.03%
2009	7	1.05%	1.05%
2009	8	0.31%	0.31%
2009	9	0.94%	0.94%
2009	10	-0.60%	-0.60%
2009	11	0.93%	0.93%
2009	12	0.11%	0.11%
2010	1	0.38%	0.38%
2010	2	0.54%	0.54%
2010	3	-0.43%	-0.43%
2010	4	0.38%	0.38%
2010	5	0.38%	0.38%
2010	6	0.20%	0.20%
2010	7	0.83%	0.83%
2010	8	0.73%	0.73%
2010	9	-0.17%	-0.17%
2010	10	0.10%	0.10%
2010	11	-0.53%	-0.53%
2010	12	-0.43%	-0.43%
2011	1	-0.16%	-0.16%
2011	2	0.45%	0.45%
2011	3	0.11%	0.11%
2011	4	0.65%	0.65%
2011	5	0.65%	0.65%
2011	6	0.18%	0.18%
2011	7	0.54%	0.54%
2011	8	0.54%	0.54%
2011	9	-0.10%	-0.10%
2011	10	-0.36%	-0.36%
2011	11	0.44%	0.44%
2011	12	0.72%	0.72%
2012	1	0.53%	0.53%
2012	2	0.24%	0.24%
2012	3	-0.46%	-0.46%
2012	4	0.43%	0.43%
2012	5	0.25%	0.25%
2012	6	-0.03%	-0.03%
2012	7	0.42%	0.42%
2012	8	0.06%	0.06%
2012	9	0.32%	0.32%
2012	10	-0.03%	-0.03%
2012	11	0.32%	0.32%
2012	12	-0.30%	-0.30%
2013	1	0.15%	0.15%
2013	2	0.31%	0.31%
2013	3	-0.04%	-0.04%
2013	4	0.23%	0.23%
2013	5	-0.31%	-0.31%
2013	6	-0.86%	-0.86%
2013	7	0.23%	0.23%
2013	8	-0.31%	-0.31%
2013	9	0.59%	0.59%
2013	10	0.60%	0.60%
2013	11	-0.05%	-0.05%
2013	12	-0.04%	-0.04%
2014	1	0.60%	0.60%
2014	2	0.49%	0.49%
2014	3	-0.49%	-0.49%
2014	4	0.32%	0.32%
2014	5	0.41%	0.41%
2014	6	-0.05%	-0.05%
2014	7	0.13%	0.13%
2014	8	0.40%	0.40%
2014	9	-0.15%	-0.15%
2014	10	0.22%	0.22%
2014	11	0.03%	0.03%
2014	12	-0.14%	-0.14%
2015	1	0.86%	0.86%
2015	2	-0.42%	-0.42%
2015	3	-0.05%	-0.05%
2015	4	-0.06%	-0.06%
2015	5	-0.23%	-0.23%
2015	6	0.12%	0.12%
2015	7	0.31%	0.31%
2015	8	0.04%	0.04%
2015	9	0.40%	0.40%
2015	10	0.30%	0.30%
2015	11	-0.06%	-0.06%
2015	12	0.13%	0.13%
2016	1	0.67%	0.67%
2016	2	0.21%	0.21%
2016	3	-0.23%	-0.23%
2016	4	0.31%	0.31%
2016	5	-0.14%	-0.14%
2016	6	0.67%	0.67%
2016	7	0.21%	0.21%
2016	8	-0.06%	-0.06%
2016	9	-0.24%	-0.24%
2016	10	-0.14%	-0.14%
2016	11	-1.70%	-1.70%
2016	12	0.32%	0.32%
2017	1	0.59%	0.59%
2017	2	0.49%	0.49%
2017	3	0.04%	0.04%
2017	4	0.40%	0.40%
2017	5	0.58%	0.58%
2017	6	-0.24%	-0.24%
2017	7	0.49%	0.49%
2017	8	0.49%	0.49%
2017	9	-0.33%	-0.33%
2017	10	-0.05%	-0.05%
2017	11	-0.78%	-0.78%
2017	12	0.32%	0.32%

Holdings Based Style Analysis for Portfolio 1

Holdings Based Style Analysis for Portfolio 1
Ticker	Name	Category	Weight	Yield	Fees	Duration	Return Contribution	Risk Contribution
VMLTX	Vanguard Ltd-Term Tx-Ex	Muni National Short	100.00%	0.33%	0.17%	2.40	$23,246	100.00%

Asset Allocation

Fixed Income Credit Quality

Fixed Income Maturity

Fund fundamentals data as of 03/05/2021. (c) 2021 Morningstar. All Rights Reserved. The fund fundamentals information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Portfolio return and risk metrics
Metric	Portfolio 1
Arithmetic Mean (monthly)	0.33%
Arithmetic Mean (annualized)	4.06%
Geometric Mean (monthly)	0.33%
Geometric Mean (annualized)	4.04%
Volatility (monthly)	0.54%
Volatility (annualized)	1.87%
Downside Deviation (monthly)	0.25%
Max. Drawdown	-2.13%
US Market Correlation	0.05
Beta^(*)	0.01
Alpha (annualized)	3.92%
R²	0.22%
Sharpe Ratio	0.47
Sortino Ratio	0.71
Treynor Ratio (%)	144.75
Calmar Ratio	0.50
Active Return	-5.38%
Tracking Error	14.94%
Information Ratio	-0.36
Skewness	-0.25
Excess Kurtosis	1.33
Historical Value-at-Risk (5%)	-0.53%
Analytical Value-at-Risk (5%)	-0.56%
Conditional Value-at-Risk (5%)	-0.92%
Upside Capture Ratio (%)	9.74
Downside Capture Ratio (%)	-8.61
Safe Withdrawal Rate	4.37%
Perpetual Withdrawal Rate	1.39%
Positive Periods	268 out of 364 (73.63%)
Gain/Loss Ratio	1.77
^* US stock market is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.

Drawdowns for Historical Market Stress Periods

Drawdowns for Historical Market Stress Periods
Stress Period	Start	End	Portfolio 1
Black Monday Period	Sep 1987	Nov 1987	-0.15%
Asian Crisis	Jul 1997	Jan 1998	-0.09%
Russian Debt Default	Jul 1998	Oct 1998	0.00%
Dotcom Crash	Mar 2000	Oct 2002	-1.40%
Subprime Crisis	Nov 2007	Mar 2009	-1.56%

Drawdowns for Portfolio 1

Drawdowns for Portfolio 1 (worst 10)
Rank	Start	End	Length	Recovery By	Recovery Time	Underwater Period	Drawdown
1	Aug 2016	Nov 2016	4 months	May 2017	6 months	10 months	-2.13%
2	Feb 1994	Mar 1994	2 months	Jan 1995	10 months	1 year	-1.79%
3	Mar 2004	May 2004	3 months	Aug 2004	3 months	6 months	-1.62%
4	Sep 2008	Sep 2008	1 month	Jan 2009	4 months	5 months	-1.56%
5	Feb 2008	Feb 2008	1 month	May 2008	3 months	4 months	-1.47%
6	Mar 2002	Mar 2002	1 month	Apr 2002	1 month	2 months	-1.40%
7	May 2013	Aug 2013	4 months	Jan 2014	5 months	9 months	-1.25%
8	Sep 2010	Jan 2011	5 months	May 2011	4 months	9 months	-1.20%
9	Sep 2017	Nov 2017	3 months				-1.16%
10	Jun 2003	Jul 2003	2 months	Sep 2003	2 months	4 months	-1.10%
Worst 10 drawdowns included above

Portfolio Assets

Performance statistics for portfolio components
Ticker	Name	CAGR	Stdev	Best Year	Worst Year	Max. Drawdown	Sharpe Ratio	Sortino Ratio	US Mkt Correlation
VMLTX	Vanguard Ltd-Term Tx-Ex	4.04%	1.87%	9.48%	-0.16%	-2.13%	0.47	0.71	0.05

Annual Asset Returns

Rolling returns summary
Roll Period	Average	High	Low
1 year	4.06%	9.48%	-0.35%
3 years	4.07%	8.20%	0.86%
5 years	4.03%	7.74%	0.96%
7 years	4.01%	6.69%	1.45%
10 years	4.00%	6.28%	2.13%
15 years	3.98%	5.88%	2.29%