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.

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Portfolio Assets 
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Asset 2
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Asset 3
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Asset 4
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Asset 5
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Asset 6
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Asset 7
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Asset 8
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Asset 9
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Asset 10
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Portfolio Analysis Results (Nov 1991 - Dec 2019)

Portfolio Allocations

Portfolio 1
Ticker Name Allocation
VFINX Vanguard 500 Index Investor 90.00%
VFITX Vanguard Interm-Term Treasury Inv 45.00%
VUSTX Vanguard Long-Term Treasury Inv 15.00%
CASHX Cash -50.00%
Save portfolio »
Portfolio 2
Ticker Name Allocation
VFINX Vanguard 500 Index Investor 90.00%
VFITX Vanguard Interm-Term Treasury Inv 10.00%
Save portfolio »
Portfolio 3
Ticker Name Allocation
VFINX Vanguard 500 Index Investor 80.00%
VFITX Vanguard Interm-Term Treasury Inv 15.00%
VUSTX Vanguard Long-Term Treasury Inv 5.00%
Save portfolio »

Portfolio Returns

Portfolio performance statistics
PortfolioInitial BalanceFinal BalanceCAGRStdevBest YearWorst YearMax. DrawdownSharpe RatioSortino RatioUS Mkt Correlation
Portfolio 1$10,000$222,902 11.65% 12.44%44.27%-24.62%-40.49% 0.751.160.94
Portfolio 2$10,000$133,279 9.63% 12.59%35.75%-31.99%-45.60% 0.600.890.99
Portfolio 3$10,000$127,483 9.46% 11.07%34.53%-26.49%-39.83% 0.650.970.98
Vanguard 500 Index Investor$10,000$141,864 9.87% 14.13%37.45%-37.02%-50.97% 0.570.830.99
   
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 1991 are based on monthly returns from November 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 backtested 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
YearInflationReturnBalanceVanguard 500 Index Investor (VFINX)Vanguard Interm-Term Treasury Inv (VFITX)Vanguard Long-Term Treasury Inv (VUSTX)Cash (CASHX)
Portfolio 1Portfolio 2Portfolio 3Vanguard 500 Index InvestorPortfolio 1Portfolio 2Portfolio 3Vanguard 500 Index Investor
19910.36%8.94%6.73%6.59%6.94%$10,894$10,673$10,659$10,6946.94%4.77%6.28%0.77%
19922.90%9.43%7.46%7.48%7.42%$11,921$11,469$11,455$11,4887.42%7.78%7.41%3.57%
19932.75%15.00%10.05%10.47%9.89%$13,709$12,621$12,654$12,6259.89%11.43%16.79%3.05%
19942.67%-4.01%0.63%-0.06%1.18%$13,160$12,700$12,647$12,7731.18%-4.33%-7.04%4.20%
19952.54%44.27%35.75%34.53%37.45%$18,986$17,240$17,013$17,55637.45%20.44%30.09%5.71%
19963.32%18.53%20.78%18.53%22.88%$22,503$20,822$20,166$21,57322.88%1.92%-1.26%5.17%
19971.70%33.18%30.77%28.59%33.19%$29,970$27,229$25,931$28,73333.19%8.96%13.90%5.22%
19981.61%29.79%26.82%25.14%28.62%$38,897$34,530$32,449$36,95528.62%10.61%13.05%4.97%
19992.68%13.60%18.61%15.89%21.07%$44,186$40,956$37,607$44,74121.07%-3.52%-8.66%4.77%
20003.39%-1.79%-6.75%-4.15%-9.06%$43,396$38,193$36,045$40,689-9.06%14.03%19.72%5.99%
20011.55%-8.58%-10.07%-8.27%-12.02%$39,673$34,348$33,063$35,797-12.02%7.55%4.31%3.70%
20022.38%-11.86%-18.52%-14.76%-22.15%$34,968$27,988$28,183$27,870-22.15%14.15%16.67%1.65%
20031.88%26.54%25.89%23.29%28.50%$44,249$35,234$34,747$35,81328.50%2.37%2.68%1.04%
20043.26%11.57%10.01%9.46%10.74%$49,371$38,760$38,034$39,66010.74%3.40%7.12%1.32%
20053.42%4.74%4.53%4.50%4.77%$51,711$40,515$39,744$41,5534.77%2.32%6.61%3.14%
20062.54%13.25%14.39%13.07%15.64%$58,560$46,346$44,939$48,05315.64%3.14%1.74%4.82%
20074.08%8.43%5.85%6.27%5.39%$63,495$49,055$47,756$50,6415.39%9.98%9.24%4.56%
20080.09%-24.62%-31.99%-26.49%-37.02%$47,860$33,364$35,105$31,894-37.02%13.32%22.52%1.53%
20092.72%21.18%23.67%20.33%26.49%$57,998$41,261$42,243$40,34126.49%-1.69%-12.05%0.16%
20101.50%18.00%14.16%13.48%14.91%$68,436$47,103$47,937$46,35714.91%7.35%8.93%0.14%
20112.96%10.53%2.75%4.51%1.97%$75,645$48,397$50,097$47,2691.97%9.80%29.28%0.07%
20121.74%15.92%14.51%13.23%15.82%$87,690$55,420$56,727$54,74915.82%2.67%3.47%0.08%
20131.50%25.59%28.65%24.63%32.18%$110,128$71,297$70,697$72,36432.18%-3.09%-13.03%0.05%
20140.76%17.87%12.59%12.72%13.51%$129,812$80,273$79,688$82,14013.51%4.32%25.28%0.03%
20150.73%1.54%1.27%1.15%1.25%$131,816$81,295$80,602$83,1651.25%1.50%-1.54%0.05%
20162.07%11.20%10.75%9.69%11.82%$146,578$90,038$88,414$92,99311.82%1.19%1.20%0.30%
20172.11%21.03%19.66%18.00%21.67%$177,406$107,737$104,328$113,14221.67%1.57%8.58%0.88%
20181.91%-4.82%-3.97%-3.56%-4.52%$168,864$103,459$100,609$108,023-4.52%1.00%-1.90%1.90%
20192.29%32.00%28.82%26.71%31.33%$222,902$133,279$127,483$141,86431.33%6.29%14.13%2.13%
Annual returns for 1991 are based on partial year data
Monthly returns for the configured portfolios
YearMonthReturnBalanceVanguard 500 Index Investor (VFINX)Vanguard Interm-Term Treasury Inv (VFITX)Vanguard Long-Term Treasury Inv (VUSTX)Cash (CASHX)
Portfolio 1Portfolio 2Portfolio 3Vanguard 500 Index InvestorPortfolio 1Portfolio 2Portfolio 3Vanguard 500 Index Investor
199111-3.36%-3.51%-3.06%-4.01%$9,664$9,649$9,694$9,599-4.01%1.00%0.02%0.40%
19911212.72%10.61%9.95%11.41%$10,894$10,673$10,659$10,69411.41%3.73%6.26%0.37%
19921-3.31%-1.91%-1.99%-1.88%$10,533$10,469$10,447$10,493-1.88%-2.15%-3.21%0.33%
199221.30%1.17%1.11%1.24%$10,670$10,592$10,562$10,6241.24%0.52%0.64%0.32%
19923-2.50%-1.83%-1.73%-1.93%$10,404$10,398$10,379$10,419-1.93%-0.91%-1.10%0.33%
199242.74%2.68%2.41%2.91%$10,689$10,677$10,629$10,7232.91%0.57%-0.07%0.34%
199251.66%0.65%0.84%0.48%$10,866$10,746$10,719$10,7750.48%2.18%2.70%0.31%
19926-0.52%-1.16%-0.87%-1.49%$10,809$10,622$10,626$10,614-1.49%1.82%1.12%0.31%
199275.48%3.94%3.89%4.04%$11,402$11,040$11,039$11,0434.04%3.07%4.02%0.30%
19928-1.31%-1.74%-1.43%-2.07%$11,253$10,849$10,882$10,815-2.07%1.20%0.71%0.27%
199291.90%1.23%1.27%1.17%$11,466$10,982$11,019$10,9411.17%1.73%1.36%0.26%
199210-0.89%0.11%-0.11%0.33%$11,364$10,995$11,008$10,9770.33%-1.71%-1.89%0.23%
1992112.73%3.00%2.66%3.40%$11,674$11,325$11,301$11,3513.40%-0.46%0.50%0.25%
1992122.11%1.27%1.37%1.21%$11,921$11,469$11,455$11,4881.21%1.80%2.63%0.27%
199312.25%1.00%1.20%0.81%$12,189$11,583$11,592$11,5810.81%2.72%2.85%0.26%
199322.71%1.48%1.63%1.36%$12,519$11,754$11,781$11,7381.36%2.53%3.20%0.24%
199331.93%1.93%1.75%2.11%$12,761$11,981$11,987$11,9852.11%0.40%0.19%0.25%
19934-1.71%-2.08%-1.75%-2.42%$12,543$11,731$11,777$11,695-2.42%0.93%0.76%0.24%
199352.18%2.36%2.10%2.65%$12,816$12,008$12,024$12,0052.65%-0.15%0.38%0.24%
199361.71%0.46%0.76%0.27%$13,036$12,064$12,115$12,0370.27%2.20%4.17%0.26%
19937-0.26%-0.38%-0.26%-0.42%$13,002$12,018$12,084$11,986-0.42%0.02%1.39%0.25%
199384.72%3.62%3.55%3.79%$13,616$12,453$12,513$12,4403.79%2.18%3.99%0.25%
19939-0.46%-0.65%-0.52%-0.79%$13,553$12,373$12,448$12,341-0.79%0.62%0.33%0.25%
1993101.78%1.87%1.69%2.08%$13,795$12,604$12,658$12,5982.08%0.09%0.62%0.24%
199311-1.83%-1.01%-1.10%-1.00%$13,542$12,477$12,519$12,472-1.00%-1.16%-2.48%0.25%
1993121.24%1.16%1.08%1.22%$13,709$12,621$12,654$12,6251.22%0.56%0.42%0.26%
199413.92%3.19%3.04%3.38%$14,246$13,023$13,039$13,0513.38%1.49%2.23%0.25%
19942-4.22%-2.69%-2.74%-2.71%$13,645$12,673$12,681$12,697-2.71%-2.46%-3.99%0.25%
19943-5.86%-4.21%-4.10%-4.39%$12,846$12,139$12,162$12,140-4.39%-2.62%-3.82%0.28%
199440.41%1.07%0.83%1.29%$12,899$12,269$12,263$12,2961.29%-0.92%-1.29%0.29%
199451.33%1.46%1.29%1.60%$13,070$12,448$12,421$12,4931.60%0.18%-0.47%0.32%
19946-2.73%-2.24%-2.06%-2.45%$12,714$12,169$12,165$12,188-2.45%-0.33%-0.81%0.35%
199474.08%3.12%3.03%3.28%$13,233$12,549$12,533$12,5873.28%1.70%2.94%0.35%
199483.61%3.71%3.29%4.08%$13,711$13,014$12,946$13,1004.08%0.30%-0.67%0.36%
19949-3.65%-2.38%-2.38%-2.45%$13,210$12,704$12,638$12,780-2.45%-1.79%-3.00%0.38%
1994101.73%2.01%1.77%2.25%$13,439$12,959$12,862$13,0672.25%-0.26%-0.36%0.39%
199411-3.73%-3.35%-3.00%-3.65%$12,938$12,525$12,476$12,589-3.65%-0.38%0.62%0.42%
1994121.71%1.40%1.37%1.46%$13,160$12,700$12,647$12,7731.46%0.79%1.62%0.47%
199513.36%2.52%2.49%2.58%$13,602$13,020$12,962$13,1032.58%1.94%2.62%0.47%
199524.77%3.75%3.63%3.88%$14,251$13,508$13,432$13,6123.88%2.58%2.73%0.49%
199532.74%2.72%2.49%2.95%$14,641$13,875$13,766$14,0142.95%0.57%0.72%0.48%
199543.28%2.81%2.68%2.94%$15,121$14,265$14,135$14,4262.94%1.56%1.65%0.48%
199556.29%4.03%4.24%3.95%$16,072$14,840$14,734$14,9963.95%4.74%7.52%0.48%
199562.28%2.17%2.04%2.31%$16,439$15,161$15,034$15,3432.31%0.81%1.13%0.47%
199572.21%2.93%2.52%3.30%$16,803$15,606$15,413$15,8503.30%-0.61%-1.40%0.46%
199580.84%0.36%0.49%0.26%$16,944$15,663$15,489$15,8920.26%1.31%2.05%0.46%
199594.05%3.91%3.64%4.21%$17,630$16,274$16,052$16,5614.21%0.90%1.81%0.44%
1995100.59%-0.17%0.08%-0.36%$17,733$16,246$16,065$16,501-0.36%1.76%2.97%0.44%
1995114.57%4.15%3.93%4.38%$18,545$16,920$16,696$17,2244.38%1.82%2.31%0.45%
1995122.38%1.89%1.90%1.93%$18,986$17,240$17,013$17,5561.93%1.44%2.70%0.45%
199613.14%3.12%2.81%3.39%$19,582$17,777$17,491$18,1513.39%0.69%-0.05%0.42%
19962-1.13%0.60%0.15%0.92%$19,362$17,884$17,518$18,3180.92%-2.38%-4.93%0.41%
19963-0.05%0.78%0.54%0.98%$19,351$18,023$17,614$18,4970.98%-1.09%-1.98%0.41%
199640.46%1.23%0.96%1.46%$19,440$18,244$17,783$18,7671.46%-1.03%-1.78%0.42%
199651.93%2.27%2.00%2.54%$19,815$18,659$18,139$19,2442.54%-0.44%-0.46%0.42%
199661.05%0.48%0.61%0.38%$20,024$18,749$18,249$19,3180.38%1.51%2.14%0.42%
19967-4.27%-4.01%-3.61%-4.42%$19,169$17,997$17,590$18,464-4.42%0.14%-0.05%0.42%
199681.41%1.87%1.60%2.10%$19,439$18,333$17,872$18,8512.10%-0.35%-1.29%0.44%
199696.20%5.27%4.97%5.61%$20,643$19,299$18,760$19,9085.61%1.91%2.79%0.43%
1996103.87%2.73%2.77%2.76%$21,441$19,826$19,279$20,4562.76%2.48%3.88%0.41%
1996117.97%7.08%6.64%7.56%$23,150$21,229$20,558$22,0047.56%2.04%3.24%0.42%
199612-2.79%-1.92%-1.91%-1.96%$22,503$20,822$20,166$21,573-1.96%-1.45%-2.38%0.42%
199715.31%5.60%4.95%6.22%$23,698$21,988$21,163$22,9146.22%0.06%-0.65%0.43%
199720.54%0.72%0.65%0.79%$23,826$22,147$21,301$23,0950.79%0.10%-0.11%0.42%
19973-4.83%-3.87%-3.65%-4.14%$22,676$21,291$20,524$22,140-4.14%-1.30%-2.29%0.43%
199746.27%5.54%5.15%5.96%$24,096$22,469$21,581$23,4585.96%1.61%2.35%0.44%
199755.82%5.60%5.11%6.09%$25,498$23,727$22,684$24,8866.09%0.83%0.98%0.43%
199764.51%4.15%3.87%4.45%$26,648$24,711$23,562$25,9954.45%1.00%1.78%0.40%
199778.84%7.52%7.18%7.97%$29,004$26,571$25,253$28,0657.97%2.85%5.34%0.43%
19978-5.90%-5.23%-4.90%-5.61%$27,294$25,181$24,017$26,491-5.61%-0.99%-2.57%0.43%
199795.65%5.12%4.82%5.47%$28,837$26,472$25,174$27,9405.47%1.47%2.63%0.43%
199710-2.19%-2.93%-2.44%-3.35%$28,204$25,695$24,560$27,004-3.35%1.66%2.99%0.41%
1997114.20%4.23%3.88%4.60%$29,388$26,781$25,513$28,2464.60%0.31%1.27%0.43%
1997121.98%1.67%1.64%1.72%$29,970$27,229$25,931$28,7331.72%1.09%1.66%0.43%
199811.84%1.17%1.24%1.11%$30,522$27,548$26,253$29,0521.11%1.73%1.91%0.44%
199825.92%6.43%5.65%7.19%$32,330$29,319$27,737$31,1417.19%-0.38%-0.75%0.43%
199834.48%4.64%4.16%5.10%$33,778$30,678$28,892$32,7315.10%0.14%0.14%0.44%
199840.98%0.96%0.91%1.01%$34,108$30,973$29,154$33,0601.01%0.49%0.40%0.42%
19985-1.12%-1.50%-1.21%-1.74%$33,725$30,509$28,801$32,484-1.74%0.98%1.83%0.41%
199864.19%3.79%3.56%4.07%$35,138$31,664$29,826$33,8074.07%0.95%2.35%0.41%
19987-1.10%-0.94%-0.86%-1.05%$34,749$31,366$29,570$33,450-1.05%0.22%-0.51%0.42%
19988-11.21%-12.88%-11.16%-14.47%$30,855$27,327$26,270$28,609-14.47%3.20%4.83%0.42%
199897.54%6.11%5.80%6.41%$33,183$28,998$27,794$30,4436.41%3.64%3.29%0.40%
1998106.18%7.23%6.25%8.16%$35,235$31,095$29,530$32,9288.16%-0.77%-1.69%0.36%
1998115.09%5.45%4.88%6.07%$37,028$32,789$30,971$34,9286.07%-0.35%0.88%0.36%
1998125.05%5.31%4.77%5.81%$38,897$34,530$32,449$36,9555.81%0.38%-0.16%0.37%
199914.04%3.85%3.51%4.20%$40,470$35,859$33,588$38,5094.20%0.65%0.98%0.37%
19992-5.02%-3.12%-3.20%-3.12%$38,440$34,741$32,515$37,306-3.12%-3.07%-4.76%0.37%
199933.68%3.67%3.29%4.00%$39,855$36,014$33,585$38,7964.00%0.58%-0.34%0.38%
199943.51%3.52%3.18%3.85%$41,253$37,280$34,651$40,2913.85%0.28%0.19%0.37%
19995-3.17%-2.30%-2.22%-2.39%$39,945$36,424$33,883$39,328-2.39%-1.37%-1.68%0.37%
199964.71%5.02%4.45%5.56%$41,826$38,253$35,389$41,5135.56%-0.26%-1.05%0.38%
19997-3.36%-2.90%-2.66%-3.13%$40,421$37,145$34,447$40,214-3.13%-0.45%-0.58%0.39%
19998-0.74%-0.46%-0.44%-0.50%$40,120$36,975$34,296$40,014-0.50%-0.07%-0.49%0.39%
19999-2.19%-2.40%-2.06%-2.74%$39,242$36,089$33,590$38,918-2.74%1.08%0.91%0.41%
1999105.75%5.75%5.17%6.33%$41,498$38,164$35,327$41,3806.33%0.12%0.12%0.40%
1999111.58%1.84%1.63%2.02%$42,155$38,865$35,903$42,2182.02%-0.08%-0.59%0.42%
1999124.82%5.38%4.75%5.98%$44,186$40,956$37,607$44,7415.98%-0.94%-1.60%0.43%
20001-4.76%-4.57%-4.03%-5.03%$42,080$39,082$36,091$42,490-5.03%-0.46%1.25%0.43%
20002-1.01%-1.60%-1.20%-1.91%$41,655$38,456$35,658$41,680-1.91%1.00%2.96%0.47%
200039.90%8.93%8.17%9.76%$45,777$41,891$38,571$45,7489.76%2.04%3.14%0.47%
20004-3.11%-2.73%-2.47%-3.01%$44,355$40,748$37,618$44,373-3.01%-0.26%-0.66%0.48%
20005-2.04%-1.81%-1.62%-2.04%$43,451$40,009$37,010$43,468-2.04%0.16%-0.46%0.48%
200063.35%2.46%2.43%2.49%$44,908$40,992$37,910$44,5492.49%2.20%2.30%0.46%
20007-1.02%-1.27%-1.00%-1.49%$44,452$40,472$37,531$43,885-1.49%0.62%1.49%0.48%
200086.21%5.70%5.24%6.19%$47,213$42,779$39,496$46,6026.19%1.62%2.08%0.51%
20009-4.56%-4.66%-4.11%-5.29%$45,061$40,788$37,875$44,137-5.29%0.89%-0.85%0.52%
2000100.06%-0.29%-0.10%-0.43%$45,087$40,671$37,835$43,947-0.43%0.90%1.57%0.51%
200011-5.47%-6.78%-5.64%-7.88%$42,622$37,915$35,703$40,485-7.88%2.14%2.99%0.52%
2000121.82%0.73%0.96%0.50%$43,396$38,193$36,045$40,6890.50%2.39%2.45%0.51%
200113.59%3.32%3.05%3.55%$44,953$39,462$37,144$42,1323.55%1.33%0.28%0.48%
20012-7.59%-8.12%-7.07%-9.14%$41,542$36,258$34,517$38,282-9.14%1.26%1.80%0.41%
20013-5.67%-5.61%-4.95%-6.36%$39,188$34,222$32,809$35,849-6.36%0.50%-0.60%0.40%
200145.58%6.74%5.68%7.77%$41,372$36,530$34,672$38,6347.77%-1.16%-2.56%0.35%
200150.55%0.60%0.56%0.65%$41,598$36,751$34,866$38,8850.65%0.22%0.21%0.32%
20016-2.07%-2.15%-1.85%-2.45%$40,735$35,959$34,222$37,934-2.45%0.30%0.76%0.30%
200170.85%-0.59%-0.15%-1.00%$41,083$35,745$34,169$37,555-1.00%2.73%3.61%0.30%
20018-4.73%-5.44%-4.59%-6.27%$39,140$33,800$32,600$35,199-6.27%1.11%2.02%0.29%
20019-5.65%-6.83%-5.71%-8.09%$36,929$31,492$30,737$32,351-8.09%2.41%0.88%0.28%
2001103.67%1.94%2.16%1.90%$38,286$32,102$31,401$32,9641.90%2.22%5.12%0.20%
2001113.90%6.33%4.92%7.65%$39,779$34,134$32,947$35,4877.65%-2.32%-5.07%0.17%
200112-0.27%0.63%0.35%0.87%$39,673$34,348$33,063$35,7970.87%-1.16%-1.82%0.15%
20021-1.01%-1.28%-1.05%-1.47%$39,271$33,908$32,716$35,270-1.47%0.45%1.20%0.14%
20022-1.03%-1.61%-1.28%-1.94%$38,868$33,363$32,296$34,587-1.94%1.29%1.24%0.14%
200231.57%3.11%2.40%3.74%$39,476$34,401$33,072$35,8823.74%-2.30%-3.86%0.15%
20024-3.84%-5.21%-4.30%-6.07%$37,959$32,608$31,651$33,702-6.07%2.62%3.73%0.15%
20025-0.18%-0.56%-0.41%-0.75%$37,889$32,425$31,522$33,448-0.75%1.04%0.39%0.15%
20026-5.23%-6.17%-5.22%-7.13%$35,909$30,425$29,877$31,061-7.13%1.72%1.76%0.14%
20027-4.83%-6.49%-5.30%-7.72%$34,174$28,450$28,294$28,664-7.72%2.66%2.93%0.14%
200282.62%0.88%1.21%0.65%$35,068$28,701$28,637$28,8510.65%2.42%4.28%0.14%
20029-6.51%-9.04%-7.26%-10.87%$32,783$26,106$26,559$25,713-10.87%3.03%4.02%0.14%
2002105.73%7.37%5.93%8.78%$34,663$28,029$28,133$27,9728.78%-0.70%-2.84%0.13%
2002113.68%4.88%3.99%5.88%$35,940$29,397$29,255$29,6155.88%-1.32%-0.98%0.12%
200212-2.71%-4.79%-3.66%-5.89%$34,968$27,988$28,183$27,870-5.89%2.58%4.05%0.10%
20031-2.70%-2.41%-2.20%-2.62%$34,023$27,313$27,564$27,138-2.62%-0.49%-0.45%0.10%
20032-0.14%-1.18%-0.79%-1.52%$33,976$26,990$27,348$26,726-1.52%1.77%3.03%0.10%
200330.53%0.84%0.67%0.96%$34,157$27,216$27,530$26,9820.96%-0.19%-1.13%0.10%
200347.56%7.42%6.63%8.25%$36,739$29,236$29,355$29,2098.25%0.24%0.91%0.09%
200356.69%5.02%4.92%5.26%$39,196$30,703$30,798$30,7465.26%2.74%5.67%0.09%
200360.68%1.10%0.88%1.26%$39,463$31,040$31,070$31,1341.26%-0.43%-1.48%0.09%
20037-1.29%1.22%0.45%1.74%$38,953$31,419$31,211$31,6771.74%-3.87%-8.57%0.07%
200382.00%1.78%1.67%1.93%$39,731$31,977$31,733$32,2891.93%0.19%1.43%0.08%
200390.86%-0.71%-0.25%-1.07%$40,073$31,751$31,654$31,943-1.07%3.09%5.07%0.08%
2003104.13%5.01%4.30%5.64%$41,730$33,340$33,015$33,7455.64%-1.36%-2.58%0.08%
2003110.80%0.79%0.73%0.86%$42,062$33,604$33,256$34,0370.86%0.01%0.31%0.08%
2003125.20%4.85%4.48%5.22%$44,249$35,234$34,747$35,8135.22%0.85%1.23%0.08%
200412.23%1.72%1.67%1.82%$45,235$35,840$35,326$36,4661.82%0.81%1.74%0.08%
200422.03%1.36%1.38%1.38%$46,155$36,329$35,815$36,9681.38%1.23%1.96%0.08%
20043-0.70%-1.26%-0.98%-1.51%$45,832$35,871$35,464$36,408-1.51%1.06%1.45%0.08%
20044-3.73%-1.75%-2.03%-1.58%$44,124$35,245$34,742$35,834-1.58%-3.25%-5.52%0.08%
200450.87%1.17%0.98%1.36%$44,509$35,658$35,084$36,3211.36%-0.51%-0.56%0.08%
200462.07%1.79%1.67%1.93%$45,432$36,297$35,671$37,0221.93%0.54%0.87%0.09%
20047-2.43%-2.90%-2.46%-3.31%$44,328$35,244$34,793$35,796-3.31%0.91%1.52%0.11%
200481.73%0.55%0.79%0.38%$45,096$35,439$35,068$35,9330.38%2.07%3.39%0.12%
200491.11%0.98%0.93%1.07%$45,595$35,785$35,392$36,3161.07%0.19%0.94%0.13%
2004101.90%1.45%1.42%1.51%$46,462$36,305$35,895$36,8671.51%0.91%1.46%0.14%
2004112.48%3.49%2.89%4.05%$47,617$37,572$36,931$38,3584.05%-1.48%-2.25%0.16%
2004123.68%3.16%2.99%3.39%$49,371$38,760$38,034$39,6603.39%0.97%2.22%0.18%
20051-1.66%-2.15%-1.75%-2.45%$48,551$37,925$37,368$38,686-2.45%0.56%2.59%0.18%
200521.12%1.78%1.45%2.09%$49,094$38,599$37,909$39,4962.09%-0.98%-1.24%0.21%
20053-2.04%-1.64%-1.52%-1.76%$48,091$37,968$37,332$38,801-1.76%-0.51%-0.76%0.23%
20054-0.54%-1.54%-1.09%-1.91%$47,829$37,383$36,924$38,059-1.91%1.75%3.22%0.23%
200553.66%2.96%2.83%3.17%$49,579$38,490$37,968$39,2653.17%1.20%2.55%0.24%
200560.50%0.17%0.27%0.13%$49,828$38,556$38,071$39,3150.13%0.55%1.64%0.25%
200572.08%3.18%2.58%3.71%$50,865$39,782$39,054$40,7723.71%-1.41%-2.58%0.26%
200580.21%-0.66%-0.34%-0.91%$50,972$39,519$38,921$40,400-0.91%1.65%2.87%0.28%
20059-0.38%0.60%0.31%0.79%$50,777$39,755$39,043$40,7200.79%-1.14%-2.78%0.29%
200510-2.25%-1.59%-1.55%-1.68%$49,632$39,123$38,437$40,037-1.68%-0.79%-1.74%0.29%
2005113.51%3.44%3.11%3.76%$51,376$40,467$39,632$41,5443.76%0.48%0.57%0.33%
2005120.65%0.12%0.28%0.02%$51,711$40,515$39,744$41,5530.02%1.01%2.33%0.32%
200611.93%2.35%2.02%2.65%$52,708$41,466$40,547$42,6532.65%-0.34%-0.90%0.33%
200620.21%0.25%0.26%0.26%$52,820$41,568$40,654$42,7650.26%0.09%0.81%0.37%
20063-0.00%1.02%0.68%1.23%$52,819$41,990$40,931$43,2911.23%-0.99%-3.39%0.38%
200640.60%1.17%0.93%1.33%$53,134$42,481$41,313$43,8681.33%-0.37%-1.96%0.38%
20065-2.85%-2.62%-2.35%-2.90%$51,619$41,367$40,341$42,597-2.90%0.02%-0.03%0.39%
200660.06%0.13%0.15%0.13%$51,651$41,419$40,402$42,6520.13%0.10%0.71%0.40%
200671.21%0.68%0.77%0.61%$52,276$41,700$40,715$42,9110.61%1.35%1.84%0.41%
200683.05%2.29%2.27%2.36%$53,870$42,655$41,639$43,9242.36%1.62%2.74%0.42%
200692.75%2.41%2.28%2.56%$55,352$43,682$42,589$45,0502.56%0.94%1.58%0.41%
2006103.10%3.00%2.75%3.25%$57,065$44,991$43,760$46,5153.25%0.57%0.77%0.40%
2006112.24%1.82%1.78%1.89%$58,343$45,808$44,540$47,3941.89%1.12%1.91%0.42%
2006120.37%1.17%0.90%1.39%$58,560$46,346$44,939$48,0531.39%-0.98%-2.14%0.41%
200710.90%1.32%1.11%1.49%$59,085$46,957$45,440$48,7701.49%-0.26%-0.85%0.41%
20072-0.73%-1.59%-1.16%-1.97%$58,653$46,209$44,911$47,810-1.97%1.86%2.93%0.42%
200730.62%1.00%0.83%1.11%$59,017$46,671$45,285$48,3421.11%0.03%-1.13%0.42%
200744.13%4.03%3.66%4.42%$61,456$48,552$46,941$50,4774.42%0.57%0.86%0.41%
200752.13%3.02%2.53%3.48%$62,763$50,019$48,128$52,2323.48%-1.18%-1.93%0.40%
20076-1.90%-1.54%-1.43%-1.68%$61,571$49,251$47,441$51,357-1.68%-0.18%-0.88%0.39%
20077-1.88%-2.62%-2.13%-3.08%$60,415$47,960$46,432$49,773-3.08%1.81%2.39%0.39%
200782.31%1.55%1.59%1.50%$61,808$48,701$47,171$50,5181.50%1.97%1.97%0.40%
200793.38%3.40%3.06%3.72%$63,898$50,356$48,616$52,4003.72%0.46%0.21%0.33%
2007101.82%1.51%1.46%1.58%$65,059$51,115$49,326$53,2271.58%0.84%1.40%0.31%
200711-1.74%-3.45%-2.66%-4.19%$63,924$49,351$48,015$50,998-4.19%3.46%4.59%0.32%
200712-0.67%-0.60%-0.54%-0.70%$63,495$49,055$47,756$50,641-0.70%0.27%-0.48%0.26%
20081-3.76%-5.10%-4.22%-6.02%$61,106$46,551$45,743$47,595-6.02%3.10%2.64%0.28%
20082-2.23%-2.75%-2.32%-3.25%$59,743$45,270$44,684$46,048-3.25%1.35%0.35%0.16%
200830.17%-0.29%-0.13%-0.44%$59,843$45,141$44,625$45,845-0.44%0.93%1.02%0.15%
200842.75%4.05%3.30%4.85%$61,488$46,971$46,097$48,0704.85%-2.14%-1.84%0.11%
200850.11%1.01%0.69%1.29%$61,555$47,445$46,416$48,6911.29%-1.32%-2.13%0.12%
20086-6.95%-7.47%-6.46%-8.44%$57,276$43,902$43,416$44,583-8.44%0.77%1.80%0.15%
20087-0.37%-0.65%-0.50%-0.83%$57,065$43,617$43,200$44,212-0.83%0.77%0.30%0.16%
200881.99%1.39%1.39%1.45%$58,202$44,224$43,799$44,8511.45%0.98%1.80%0.14%
20089-7.48%-7.82%-6.78%-8.91%$53,849$40,768$40,830$40,857-8.91%0.51%0.28%0.14%
200810-15.77%-14.84%-13.15%-16.79%$45,358$34,717$35,462$33,996-16.79%-1.36%-3.63%0.08%
2008110.09%-5.31%-3.21%-7.17%$45,399$32,874$34,325$31,557-7.17%5.58%12.07%0.04%
2008125.42%1.49%2.27%1.07%$47,860$33,364$35,105$31,8941.07%3.66%8.87%0.00%
20091-9.92%-7.81%-7.51%-8.41%$43,111$30,758$32,467$29,211-8.41%-2.39%-8.47%0.01%
20092-10.20%-9.59%-8.58%-10.66%$38,714$27,808$29,680$26,098-10.66%-0.58%-1.01%0.02%
2009310.58%8.11%7.62%8.76%$42,808$30,065$31,941$28,3848.76%3.20%5.27%0.02%
200946.87%8.30%6.93%9.56%$45,748$32,560$34,154$31,0979.56%-1.76%-4.99%0.02%
200954.26%4.94%4.21%5.62%$47,696$34,169$35,592$32,8445.62%-1.10%-2.68%0.01%
200960.13%0.16%0.16%0.22%$47,757$34,225$35,648$32,9160.22%-0.37%0.70%0.01%
200977.41%6.92%6.28%7.58%$51,296$36,592$37,887$35,4107.58%0.60%0.80%0.02%
200983.92%3.36%3.15%3.60%$53,308$37,821$39,081$36,6853.60%0.89%1.68%0.02%
200994.06%3.47%3.28%3.72%$55,470$39,135$40,361$38,0483.72%0.92%1.98%0.01%
200910-1.81%-1.69%-1.58%-1.87%$54,465$38,475$39,725$37,338-1.87%0.25%-1.45%0.01%
2009116.53%5.63%5.29%5.98%$58,023$40,642$41,825$39,5715.98%1.96%1.91%0.00%
200912-0.04%1.52%1.00%1.95%$57,998$41,261$42,243$40,3411.95%-3.13%-5.66%0.01%
20101-1.96%-3.05%-2.45%-3.60%$56,861$40,004$41,206$38,887-3.60%1.97%2.66%0.01%
201022.89%2.81%2.50%3.09%$58,503$41,128$42,234$40,0893.09%0.40%-0.21%0.01%
201034.68%5.30%4.56%6.01%$61,242$43,308$44,162$42,5006.01%-0.91%-1.51%0.01%
201042.34%1.54%1.58%1.58%$62,675$43,977$44,862$43,1711.58%1.23%2.76%0.01%
20105-5.74%-7.06%-5.98%-8.01%$59,077$40,875$42,180$39,715-8.01%1.85%4.23%0.01%
20106-2.87%-4.47%-3.56%-5.24%$57,383$39,048$40,680$37,634-5.24%2.07%4.67%0.01%
201076.42%6.33%5.59%7.00%$61,067$41,519$42,955$40,2677.00%1.07%-0.17%0.02%
20108-1.81%-3.83%-2.85%-4.53%$59,963$39,929$41,732$38,443-4.53%2.00%7.08%0.01%
201097.25%7.95%6.83%8.92%$64,307$43,102$44,583$41,8728.92%0.36%-1.82%0.01%
2010102.86%3.44%2.87%3.79%$66,145$44,583$45,861$43,4583.79%0.45%-3.29%0.01%
201011-0.68%-0.10%-0.24%0.00%$65,698$44,538$45,753$43,4580.00%-0.98%-1.60%0.01%
2010124.17%5.76%4.77%6.67%$68,436$47,103$47,937$46,3576.67%-2.29%-3.58%0.01%
201111.89%2.15%1.81%2.36%$69,730$48,115$48,805$47,4502.36%0.29%-2.38%0.01%
201123.07%3.04%2.74%3.42%$71,870$49,578$50,144$49,0713.42%-0.43%1.24%0.01%
20113-0.03%0.01%0.00%0.03%$71,848$49,583$50,146$49,0830.03%-0.12%0.02%0.01%
201143.65%2.82%2.71%2.95%$74,467$50,982$51,507$50,5302.95%1.60%2.04%0.01%
201150.16%-0.87%-0.53%-1.15%$74,589$50,537$51,236$49,952-1.15%1.77%3.29%0.00%
20116-1.85%-1.53%-1.47%-1.67%$73,212$49,765$50,483$49,116-1.67%-0.16%-2.00%0.01%
20117-0.28%-1.64%-1.13%-2.05%$73,004$48,951$49,915$48,111-2.05%2.18%4.18%0.00%
20118-2.27%-4.62%-3.49%-5.45%$71,344$46,689$48,173$45,491-5.45%2.70%8.68%0.01%
20119-3.93%-6.20%-4.80%-7.04%$68,537$43,797$45,861$42,287-7.04%0.73%10.16%0.00%
2011108.10%9.59%8.03%10.91%$74,092$47,996$49,545$46,90210.91%-0.42%-3.34%0.00%
2011110.25%-0.18%-0.03%-0.23%$74,273$47,910$49,531$46,792-0.23%0.29%1.82%0.00%
2011121.85%1.02%1.14%1.02%$75,645$48,397$50,097$47,2691.02%1.00%3.13%0.00%
201214.39%4.10%3.70%4.46%$78,967$50,381$51,949$49,3794.46%0.81%0.08%0.00%
201223.29%3.83%3.27%4.31%$81,564$52,309$53,650$51,5064.31%-0.65%-2.11%0.01%
201232.14%2.90%2.39%3.28%$83,307$53,828$54,930$53,1963.28%-0.79%-3.77%0.01%
201240.58%-0.45%-0.13%-0.64%$83,790$53,587$54,857$52,855-0.64%1.50%4.37%0.01%
20125-3.92%-5.36%-4.39%-6.02%$80,501$50,716$52,446$49,675-6.02%1.24%7.79%0.01%
201263.34%3.69%3.19%4.11%$83,188$52,586$54,122$51,7164.11%-0.22%-1.44%0.01%
201272.06%1.32%1.39%1.37%$84,898$53,281$54,875$52,4241.37%0.86%3.32%0.01%
201281.88%2.04%1.78%2.24%$86,491$54,368$55,850$53,5982.24%0.10%-1.06%0.01%
201291.98%2.33%1.99%2.58%$88,201$55,638$56,960$54,9792.58%-0.06%-2.10%0.01%
201210-1.86%-1.72%-1.58%-1.86%$86,563$54,680$56,057$53,957-1.86%-0.32%-0.43%0.01%
2012110.93%0.57%0.60%0.56%$87,369$54,989$56,396$54,2590.56%0.62%1.35%0.01%
2012120.37%0.78%0.59%0.90%$87,690$55,420$56,727$54,7490.90%-0.41%-1.99%0.01%
201313.83%4.58%3.87%5.18%$91,052$57,960$58,920$57,5835.18%-0.74%-3.27%0.00%
201321.70%1.28%1.25%1.34%$92,600$58,702$59,654$58,3531.34%0.71%1.26%0.01%
201333.51%3.41%3.07%3.74%$95,853$60,705$61,487$60,5353.74%0.27%0.03%0.01%
201342.55%1.80%1.83%1.91%$98,296$61,797$62,613$61,6901.91%0.71%3.87%0.01%
201350.51%1.95%1.36%2.33%$98,796$63,002$63,465$63,1262.33%-1.84%-6.23%0.00%
20136-2.30%-1.37%-1.47%-1.35%$96,523$62,136$62,533$62,274-1.35%-1.62%-3.26%0.00%
201374.52%4.64%4.12%5.07%$100,889$65,021$65,112$65,4325.07%0.13%-1.93%0.00%
20138-3.26%-2.75%-2.61%-2.91%$97,597$63,230$63,415$63,527-2.91%-1.02%-1.28%0.00%
201393.61%2.98%2.82%3.12%$101,117$65,115$65,201$65,5103.12%1.47%0.88%0.00%
2013104.62%4.24%3.93%4.59%$105,791$67,879$67,766$68,5154.59%0.49%1.32%0.00%
2013112.49%2.77%2.43%3.03%$108,429$69,762$69,410$70,5903.03%-0.14%-2.49%0.00%
2013121.57%2.20%1.85%2.51%$110,128$71,297$70,697$72,3642.51%-1.49%-2.37%0.01%
20141-1.44%-2.96%-2.21%-3.47%$108,545$69,190$69,132$69,854-3.47%1.67%6.26%0.01%
201424.21%4.10%3.67%4.56%$113,118$72,030$71,667$73,0404.56%0.21%0.60%0.00%
201430.56%0.68%0.60%0.82%$113,748$72,520$72,097$73,6410.82%-0.60%0.63%0.00%
201441.14%0.70%0.75%0.72%$115,046$73,028$72,635$74,1750.72%0.49%1.82%0.00%
201452.94%2.21%2.16%2.33%$118,430$74,639$74,206$75,9072.33%1.03%2.73%0.00%
201461.72%1.84%1.61%2.05%$120,466$76,010$75,403$77,4642.05%-0.13%-0.16%0.00%
20147-1.30%-1.29%-1.14%-1.39%$118,903$75,028$74,543$76,389-1.39%-0.39%0.59%0.00%
201484.61%3.69%3.57%3.98%$124,380$77,800$77,201$79,4303.98%1.03%4.23%0.00%
20149-1.82%-1.34%-1.34%-1.41%$122,119$76,757$76,170$78,308-1.41%-0.66%-1.99%0.00%
2014103.00%2.30%2.25%2.42%$125,786$78,522$77,882$80,2062.42%1.12%2.61%0.00%
2014113.13%2.51%2.43%2.68%$129,727$80,492$79,776$82,3572.68%0.84%2.86%0.00%
2014120.07%-0.27%-0.11%-0.26%$129,812$80,273$79,688$82,140-0.26%-0.35%2.82%0.00%
20151-0.16%-2.45%-1.56%-3.02%$129,605$78,309$78,444$79,661-3.02%2.70%8.97%0.00%
201523.36%4.97%3.96%5.74%$133,955$82,200$81,552$84,2335.74%-1.59%-5.66%0.00%
20153-0.92%-1.36%-1.11%-1.59%$132,721$81,081$80,649$82,891-1.59%0.76%1.13%0.00%
201540.28%0.83%0.57%0.95%$133,091$81,756$81,106$83,6780.95%-0.21%-3.07%0.00%
201550.77%1.13%0.89%1.27%$134,109$82,682$81,831$84,7421.27%-0.12%-2.16%0.00%
20156-2.60%-1.82%-1.84%-1.93%$130,625$81,182$80,324$83,104-1.93%-0.74%-3.73%0.00%
201572.86%1.96%2.00%2.08%$134,359$82,771$81,927$84,8332.08%0.85%4.21%0.00%
20158-5.55%-5.45%-4.89%-6.04%$126,907$78,260$77,917$79,708-6.04%-0.03%-0.71%0.01%
20159-1.38%-2.11%-1.70%-2.49%$125,150$76,611$76,595$77,723-2.49%1.19%1.91%0.01%
2015107.14%7.46%6.53%8.42%$134,084$82,330$81,599$84,2708.42%-0.47%-0.48%0.00%
201511-0.04%0.22%0.13%0.29%$134,033$82,510$81,706$84,5110.29%-0.39%-0.81%0.01%
201512-1.65%-1.47%-1.35%-1.59%$131,816$81,295$80,602$83,165-1.59%-0.38%-0.34%0.02%
20161-2.64%-4.24%-3.37%-4.98%$128,337$77,846$77,889$79,026-4.98%2.36%5.24%0.01%
201620.71%-0.04%0.17%-0.15%$129,248$77,813$78,023$78,911-0.15%0.82%2.86%0.03%
201636.00%6.07%5.35%6.78%$137,001$82,535$82,198$84,2586.78%0.22%0.05%0.03%
201640.16%0.32%0.24%0.37%$137,225$82,801$82,399$84,5730.37%-0.13%-0.63%0.02%
201651.57%1.58%1.42%1.78%$139,382$84,110$83,572$86,0811.78%-0.21%0.69%0.02%
201662.11%0.43%0.85%0.25%$142,328$84,471$84,281$86,2960.25%2.05%6.57%0.03%
201673.51%3.31%3.04%3.68%$147,324$87,266$86,840$89,4683.68%0.04%2.01%0.02%
20168-0.36%0.05%-0.06%0.13%$146,790$87,306$86,790$89,5840.13%-0.72%-1.00%0.02%
20169-0.09%0.04%-0.02%0.01%$146,656$87,337$86,770$89,5920.01%0.29%-1.32%0.03%
201610-2.57%-1.73%-1.80%-1.83%$142,881$85,830$85,207$87,949-1.83%-0.73%-4.23%0.02%
2016110.89%3.07%2.16%3.70%$144,155$88,468$87,047$91,2033.70%-2.65%-7.86%0.03%
2016121.68%1.78%1.57%1.96%$146,578$90,038$88,414$92,9931.96%-0.05%-0.35%0.04%
201711.91%1.73%1.58%1.88%$149,373$91,591$89,815$94,7441.88%0.30%0.65%0.04%
201723.95%3.61%3.32%3.96%$155,274$94,898$92,793$98,4983.96%0.39%1.57%0.04%
201730.01%0.10%0.06%0.10%$155,293$94,990$92,850$98,5970.10%0.07%-0.59%0.04%
201741.45%0.99%1.01%1.02%$157,539$95,935$93,788$99,6011.02%0.77%1.58%0.06%
201751.72%1.32%1.30%1.39%$160,248$97,199$95,003$100,9891.39%0.59%1.73%0.07%
201760.40%0.51%0.46%0.61%$160,891$97,694$95,438$101,6060.61%-0.47%0.63%0.08%
201771.88%1.89%1.68%2.04%$163,912$99,540$97,045$103,6822.04%0.42%-0.59%0.08%
201781.04%0.35%0.52%0.29%$165,613$99,885$97,545$103,9860.29%0.86%3.27%0.09%
201791.13%1.79%1.44%2.06%$167,479$101,673$98,951$106,1272.06%-0.83%-2.27%0.08%
2017101.96%2.09%1.86%2.32%$170,755$103,797$100,793$108,5872.32%-0.21%-0.02%0.09%
2017112.65%2.75%2.48%3.06%$175,275$106,657$103,297$111,9093.06%-0.39%0.63%0.09%
2017121.22%1.01%1.00%1.10%$177,406$107,737$104,328$113,1421.10%0.07%1.78%0.10%
201813.87%4.99%4.17%5.71%$184,278$113,109$108,675$119,6055.71%-1.56%-3.40%0.11%
20182-4.05%-3.39%-3.20%-3.69%$176,814$109,270$105,194$115,186-3.69%-0.49%-2.89%0.12%
20183-1.70%-2.24%-1.83%-2.56%$173,812$106,827$103,272$112,243-2.56%0.75%2.75%0.14%
20184-0.45%0.24%0.06%0.37%$173,034$107,088$103,337$112,6620.37%-0.92%-2.04%0.14%
201852.72%2.23%2.12%2.39%$177,739$109,480$105,532$115,3602.39%0.76%1.79%0.15%
201860.62%0.56%0.53%0.61%$178,832$110,089$106,096$116,0580.61%0.11%0.66%0.16%
201872.97%3.32%2.88%3.71%$184,147$113,741$109,153$120,3623.71%-0.35%-1.28%0.16%
201883.39%3.02%2.80%3.25%$190,396$117,171$112,212$124,2703.25%0.77%1.18%0.17%
20189-0.28%0.43%0.22%0.55%$189,866$117,675$112,456$124,9590.55%-0.82%-2.74%0.17%
201810-6.81%-6.24%-5.75%-6.85%$176,929$110,333$105,994$116,400-6.85%-0.06%-2.82%0.18%
2018112.45%1.92%1.86%2.03%$181,255$112,457$107,968$118,7592.03%0.96%1.78%0.19%
201812-6.84%-8.00%-6.82%-9.04%$168,864$103,459$100,609$108,023-9.04%1.90%5.50%0.19%
201917.44%7.26%6.51%8.00%$181,425$110,970$107,163$116,6678.00%0.58%0.49%0.20%
201922.51%2.88%2.50%3.20%$185,974$114,161$109,839$120,4013.20%-0.26%-1.31%0.20%
201933.14%1.92%2.08%1.94%$191,807$116,356$112,119$122,7331.94%1.78%5.47%0.20%
201943.27%3.67%3.20%4.04%$198,073$120,626$115,708$127,6934.04%-0.05%-1.88%0.20%
20195-4.17%-5.63%-4.66%-6.36%$189,809$113,837$110,312$119,566-6.36%2.05%6.65%0.20%
201966.70%6.46%5.88%7.03%$202,526$121,195$116,793$127,9757.03%1.02%1.01%0.19%
201971.16%1.28%1.15%1.43%$204,870$122,751$118,139$129,7991.43%-0.16%0.22%0.17%
201980.94%-1.23%-0.47%-1.59%$206,786$121,240$117,588$127,734-1.59%2.48%10.68%0.17%
201990.88%1.62%1.27%1.86%$208,596$123,209$119,083$130,1091.86%-0.70%-2.62%0.16%
2019101.72%1.98%1.72%2.15%$212,192$125,644$121,132$132,9122.15%0.16%-1.10%0.15%
2019112.93%3.27%2.89%3.62%$218,404$129,751$124,635$137,7243.62%-0.37%-0.39%0.13%
2019122.06%2.72%2.29%3.01%$222,902$133,279$127,483$141,8643.01%-0.36%-3.00%0.13%

Returns Based Style Analysis

Returns Based Style Analysis
Style CategoryPortfolio 2Portfolio 3Vanguard 500 Index Investor
Large-cap Value42.66%37.88%47.15%
Large-cap Growth47.43%42.28%52.66%
Mid-cap Value0.00%0.00%0.00%
Mid-cap Growth0.00%0.00%0.00%
Small-cap Value0.00%0.00%0.00%
Small-cap Growth0.00%0.00%0.00%
Global ex-US Developed Markets0.00%0.00%0.00%
Emerging Markets0.03%0.07%0.00%
Corporate Bonds0.00%0.00%0.00%
Long-Term Treasuries0.00%1.85%0.00%
Intermediate-Term Treasuries7.12%15.55%0.20%
Short-Term Treasuries2.77%2.38%0.00%
R Squared99.91%99.89%99.92%
Style analysis is based on monthly returns from Apr 2005 to Dec 2019 and uses total portfolio return with monthly rebalancing. Returns based style analysis aims to explain the portfolio returns based on asset class exposures, it does not identify the actual portfolio holdings.

Holdings Based Style Analysis for Portfolio 2

Holdings Based Style Analysis for Portfolio 2
TickerNameCategoryWeightERP/EDurationReturn ContributionRisk Contribution
VFINXVanguard 500 Index InvestorLarge Blend90.00%0.14%22.30$117,465100.31%
VFITXVanguard Interm-Term Treasury InvIntermediate Government10.00%0.20%5.17$5,814-0.31%
100.00%0.15%22.305.17$123,279100.00%

Asset Allocation

Equity Market Capitalization

Equity Sectors

Fixed Income Credit Quality

Fixed Income Maturity

Holdings Based Style Analysis for Portfolio 3

Holdings Based Style Analysis for Portfolio 3
TickerNameCategoryWeightERP/EDurationReturn ContributionRisk Contribution
VFINXVanguard 500 Index InvestorLarge Blend80.00%0.14%22.30$104,454100.37%
VFITXVanguard Interm-Term Treasury InvIntermediate Government15.00%0.20%5.17$8,499-0.09%
VUSTXVanguard Long-Term Treasury InvLong Government5.00%0.20%18.33$4,530-0.28%
100.00%0.15%22.308.46$117,483100.00%

Asset Allocation

Equity Market Capitalization

Equity Sectors

Fixed Income Credit Quality

Fixed Income Maturity

Fund fundamentals data as of 06/30/2020. (c) 2020 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
MetricPortfolio 1Portfolio 2Portfolio 3Vanguard 500 Index Investor
Arithmetic Mean (monthly)0.99%0.84%0.81%0.87%
Arithmetic Mean (annualized)12.51%10.50%10.13%10.98%
Geometric Mean (monthly)0.92%0.77%0.76%0.79%
Geometric Mean (annualized)11.65%9.63%9.46%9.87%
Volatility (monthly)3.59%3.63%3.20%4.08%
Volatility (annualized)12.44%12.59%11.07%14.13%
Downside Deviation (monthly)2.24%2.37%2.04%2.70%
Max. Drawdown-40.49%-45.60%-39.83%-50.97%
US Market Correlation0.940.990.980.99
Beta(*)0.840.890.781.00
Alpha (annualized)3.05%0.71%1.55%-0.00%
R291.19%99.80%98.61%100.00%
Sharpe Ratio0.750.600.650.57
Sortino Ratio1.160.890.970.83
Treynor Ratio (%)11.158.489.277.99
Calmar Ratio1.331.161.231.12
Active Return1.78%-0.24%-0.42%N/A
Tracking Error4.32%1.65%3.39%N/A
Information Ratio0.41-0.15-0.12N/A
Skewness-0.54-0.62-0.60-0.65
Excess Kurtosis1.751.361.381.42
Historical Value-at-Risk (5%)-5.47%-5.66%-4.90%-6.86%
Analytical Value-at-Risk (5%)-5.03%-5.17%-4.51%-5.84%
Conditional Value-at-Risk (5%)-7.73%-8.21%-7.08%-9.36%
Upside Capture Ratio (%)92.1590.4380.99100.00
Downside Capture Ratio (%)78.7288.2075.66100.00
Safe Withdrawal Rate10.13%8.42%8.32%8.55%
Perpetual Withdrawal Rate8.19%6.55%6.41%6.75%
Positive Periods224 out of 338 (66.27%)225 out of 338 (66.57%)224 out of 338 (66.27%)225 out of 338 (66.57%)
Gain/Loss Ratio1.030.900.970.86
* Vanguard 500 Index Investor 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 PeriodStartEndPortfolio 1Portfolio 2Portfolio 3Vanguard 500 Index Investor
Asian CrisisJul 1997Jan 1998-5.90%-5.23%-4.90%-5.61%
Russian Debt DefaultJul 1998Oct 1998-12.19%-13.69%-11.92%-15.38%
Dotcom CrashMar 2000Oct 2002-30.56%-38.98%-32.76%-44.82%
Subprime CrisisNov 2007Mar 2009-40.49%-45.60%-39.83%-50.97%

Drawdowns for Portfolio 1

Drawdowns for Portfolio 1 (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Nov 2007Feb 20091 year 4 monthsOct 20101 year 8 months3 years-40.49%
2Sep 2000Sep 20022 years 1 monthNov 20042 years 2 months4 years 3 months-30.56%
3Jul 1998Aug 19982 monthsOct 19982 months4 months-12.19%
4Sep 2018Dec 20184 monthsMar 20193 months7 months-11.31%
5Feb 1994Jun 19945 monthsFeb 19958 months1 year 1 month-10.76%
6Jun 2011Sep 20114 monthsDec 20113 months7 months-8.11%
7Aug 2015Sep 20152 monthsMar 20166 months8 months-6.85%
8Jul 1999Sep 19993 monthsNov 19992 months5 months-6.18%
9Feb 2018Apr 20183 monthsAug 20184 months7 months-6.10%
10Aug 1997Aug 19971 monthNov 19973 months4 months-5.90%
Worst 10 drawdowns included above

Drawdowns for Portfolio 2

Drawdowns for Portfolio 2 (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Nov 2007Feb 20091 year 4 monthsFeb 20123 years4 years 4 months-45.60%
2Sep 2000Sep 20022 years 1 monthSep 20064 years6 years 1 month-38.98%
3Jul 1998Aug 19982 monthsNov 19983 months5 months-13.69%
4Oct 2018Dec 20183 monthsApr 20194 months7 months-12.08%
5Aug 2015Sep 20152 monthsApr 20167 months9 months-7.44%
6Feb 1994Mar 19942 monthsFeb 199511 months1 year 1 month-6.79%
7Jan 2000Feb 20002 monthsMar 20001 month3 months-6.10%
8Apr 2012May 20122 monthsAug 20123 months5 months-5.78%
9Jul 1999Sep 19993 monthsNov 19992 months5 months-5.66%
10May 2019May 20191 monthJun 20191 month2 months-5.63%
Worst 10 drawdowns included above

Drawdowns for Portfolio 3

Drawdowns for Portfolio 3 (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Nov 2007Feb 20091 year 4 monthsFeb 20112 years3 years 4 months-39.83%
2Sep 2000Sep 20022 years 1 monthNov 20053 years 2 months5 years 3 months-32.76%
3Jul 1998Aug 19982 monthsNov 19983 months5 months-11.92%
4May 2011Sep 20115 monthsJan 20124 months9 months-10.96%
5Oct 2018Dec 20183 monthsApr 20194 months7 months-10.53%
6Feb 1994Mar 19942 monthsFeb 199511 months1 year 1 month-6.73%
7Aug 2015Sep 20152 monthsMar 20166 months8 months-6.51%
8Jan 2000Feb 20002 monthsMar 20001 month3 months-5.18%
9Jul 1999Sep 19993 monthsNov 19992 months5 months-5.08%
10Feb 2018Mar 20182 monthsJul 20184 months6 months-4.97%
Worst 10 drawdowns included above

Drawdowns for Vanguard 500 Index Investor

Drawdowns for Vanguard 500 Index Investor (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Nov 2007Feb 20091 year 4 monthsAug 20123 years 6 months4 years 10 months-50.97%
2Sep 2000Sep 20022 years 1 monthNov 20064 years 2 months6 years 3 months-44.82%
3Jul 1998Aug 19982 monthsNov 19983 months5 months-15.38%
4Oct 2018Dec 20183 monthsApr 20194 months7 months-13.55%
5Aug 2015Sep 20152 monthsMay 20168 months10 months-8.38%
6Feb 1994Mar 19942 monthsAug 19945 months7 months-6.98%
7Jan 2000Feb 20002 monthsMar 20001 month3 months-6.84%
8May 2019May 20191 monthJun 20191 month2 months-6.36%
9Jul 1999Sep 19993 monthsNov 19992 months5 months-6.25%
10Feb 2018Mar 20182 monthsJul 20184 months6 months-6.16%
Worst 10 drawdowns included above

Portfolio Assets

Performance statistics for portfolio components
TickerNameCAGRStdevBest YearWorst YearMax. DrawdownSharpe RatioSortino RatioUS Mkt Correlation
VFINXVanguard 500 Index Investor9.87%14.13%37.45%-37.02%-50.97%0.570.830.99
VFITXVanguard Interm-Term Treasury Inv5.49%4.72%20.44%-4.33%-6.47%0.641.07-0.15
VUSTXVanguard Long-Term Treasury Inv7.35%10.01%30.09%-13.03%-16.68%0.510.86-0.19
CASHXCash2.50%0.59%5.99%0.03%0.00%N/AN/A0.01

Monthly Correlations

Correlations for the portfolio assets
TickerNameVFINXVFITXVUSTXCASHXPortfolio 1Portfolio 2Portfolio 3Vanguard 500 Index Investor
VFINXVanguard 500 Index Investor1.00-0.12-0.170.020.951.000.991.00
VFITXVanguard Interm-Term Treasury Inv-0.121.000.870.140.16-0.08-0.01-0.12
VUSTXVanguard Long-Term Treasury Inv-0.170.871.000.040.11-0.13-0.06-0.17
CASHXCash0.020.140.041.000.020.020.030.02

Portfolio Return Decomposition

Portfolio return decomposition
TickerNamePortfolio 1Portfolio 2Portfolio 3
VFINXVanguard 500 Index Investor$174,936$117,465$104,454
VFITXVanguard Interm-Term Treasury Inv$34,006$5,814$8,499
VUSTXVanguard Long-Term Treasury Inv$18,854$4,530
CASHXCash-$14,894

Portfolio Risk Decomposition

Portfolio risk decomposition
TickerNamePortfolio 1Portfolio 2Portfolio 3
VFINXVanguard 500 Index Investor96.02%100.31%100.37%
VFITXVanguard Interm-Term Treasury Inv2.71%-0.31%-0.09%
VUSTXVanguard Long-Term Treasury Inv1.33%-0.28%
CASHXCash-0.05%

Annual Asset Returns

Rolling returns summary
Roll PeriodPortfolio 1Portfolio 2Portfolio 3Vanguard 500 Index Investor
AverageHighLowAverageHighLowAverageHighLowAverageHighLow
1 year12.41%44.27%-24.62%10.61%35.75%-31.99%10.16%34.53%-26.49%11.17%37.45%-37.02%
3 years11.50%31.57%-7.50%9.65%28.95%-11.92%9.39%27.04%-9.17%9.99%31.03%-14.60%
5 years11.27%27.41%1.58%9.31%26.39%-1.10%9.14%24.35%0.20%9.55%28.49%-2.38%
7 years10.80%20.58%2.72%8.74%19.94%-0.41%8.67%18.51%0.86%8.87%21.44%-1.64%
10 years9.67%14.41%2.10%7.45%12.44%-0.34%7.57%11.99%0.79%7.39%13.40%-1.46%
15 years9.31%11.87%7.18%7.12%10.28%4.59%7.27%10.07%5.13%7.01%10.54%4.13%
Result statistics are based on annualized rolling returns over full calendar year periods