This tool allows you to test different market timing and tactical asset allocation models based on moving averages, momentum, market valuation and target volatility. The supported models include:
You can find a summary of the selected tactical asset allocation model below, and a more detailed description in the FAQ section.
Tactical asset allocation model results from Jan 1998 to Dec 2018 are based on relative strength model holding the best performing asset. The model uses multiple weighted performance windows to rank the assets by weighted average of asset performance. Tactical asset allocation model trades are executed using the end of month close price each month based on the end of month signals. The time period was constrained by the available data for Vanguard International Explorer Inv (VINEX) [Dec 1996 - Dec 2020].
Portfolio | Initial Balance | Final Balance | CAGR | Stdev | Best Year | Worst Year | Max. Drawdown | Sharpe Ratio | Sortino Ratio | US Mkt Correlation |
---|---|---|---|---|---|---|---|---|---|---|
Momentum Model | $10,000 | $92,020 | 11.15% | 20.84% | 90.29% | -48.53% | -60.22% | 0.52 | 0.78 | 0.75 |
Equal Weight Portfolio | $10,000 | $55,003 | 8.46% | 19.95% | 76.06% | -49.74% | -61.11% | 0.41 | 0.59 | 0.82 |
Vanguard International Explorer Inv | $10,000 | $70,015 | 9.71% | 18.91% | 90.29% | -46.62% | -59.56% | 0.49 | 0.71 | 0.77 |
Name | Annualized Return | Annualized Volatility | ||||||
---|---|---|---|---|---|---|---|---|
3 Month | 1 year | 3 year | 5 year | 10 year | Full | 3 year | 5 year | |
Momentum Model | -10.57% | -15.60% | 3.49% | 2.64% | 8.90% | 11.15% | 13.22% | 12.26% |
Equal Weight Portfolio | -12.83% | -18.86% | 4.74% | 1.76% | 8.50% | 8.46% | 13.16% | 12.60% |
Vanguard International Explorer Inv | -19.03% | -23.02% | 1.62% | 2.05% | 9.42% | 9.71% | 14.05% | 12.49% |
Trailing annualized return and volatility are for full months ending in December 2018 excluding portfolio cashflows. |
Year | Inflation | Return | Balance | Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | Vanguard International Explorer Inv (VINEX) | ||||
---|---|---|---|---|---|---|---|---|---|
Momentum Model | Equal Weight Portfolio | Vanguard International Explorer Inv | Momentum Model | Equal Weight Portfolio | Vanguard International Explorer Inv | ||||
1998 | 1.61% | 25.98% | 3.34% | 25.98% | $12,598 | $10,334 | $12,598 | -18.12% | 25.98% |
1999 | 2.68% | 90.29% | 76.06% | 90.29% | $23,973 | $18,195 | $23,973 | 61.57% | 90.29% |
2000 | 3.39% | -2.68% | -15.49% | -2.68% | $23,331 | $15,375 | $23,331 | -27.56% | -2.68% |
2001 | 1.55% | -14.85% | -13.02% | -22.52% | $19,866 | $13,373 | $18,078 | -2.88% | -22.52% |
2002 | 2.38% | -8.01% | -10.61% | -13.88% | $18,275 | $11,955 | $15,569 | -7.43% | -13.88% |
2003 | 1.88% | 52.47% | 57.66% | 57.37% | $27,865 | $18,848 | $24,501 | 57.65% | 57.37% |
2004 | 3.26% | 30.20% | 29.05% | 31.77% | $36,280 | $24,324 | $32,286 | 26.12% | 31.77% |
2005 | 3.42% | 29.33% | 26.32% | 20.49% | $46,922 | $30,725 | $38,903 | 32.05% | 20.49% |
2006 | 2.54% | 20.45% | 30.02% | 30.34% | $56,519 | $39,948 | $50,708 | 29.39% | 30.34% |
2007 | 4.08% | 34.82% | 21.14% | 5.15% | $76,199 | $48,393 | $53,320 | 38.90% | 5.15% |
2008 | 0.09% | -48.53% | -49.74% | -46.62% | $39,216 | $24,322 | $28,463 | -52.81% | -46.62% |
2009 | 2.72% | 60.14% | 61.23% | 47.12% | $62,801 | $39,215 | $41,875 | 75.98% | 47.12% |
2010 | 1.50% | 18.86% | 20.75% | 22.55% | $74,646 | $47,353 | $51,317 | 18.86% | 22.55% |
2011 | 2.96% | -22.33% | -19.16% | -19.74% | $57,980 | $38,280 | $41,188 | -18.78% | -19.74% |
2012 | 1.74% | 11.61% | 18.33% | 17.93% | $64,714 | $45,298 | $48,572 | 18.64% | 17.93% |
2013 | 1.50% | 24.83% | 11.27% | 30.24% | $80,783 | $50,405 | $63,258 | -5.19% | 30.24% |
2014 | 0.76% | -3.13% | -1.10% | -2.88% | $78,253 | $49,851 | $61,438 | 0.42% | -2.88% |
2015 | 0.73% | 6.10% | -3.99% | 8.60% | $83,030 | $47,863 | $66,723 | -15.47% | 8.60% |
2016 | 2.07% | -2.12% | 4.91% | -1.77% | $81,272 | $50,212 | $65,545 | 11.50% | -1.77% |
2017 | 2.11% | 34.15% | 35.01% | 38.77% | $109,031 | $67,791 | $90,955 | 31.15% | 38.77% |
2018 | 1.91% | -15.60% | -18.86% | -23.02% | $92,020 | $55,003 | $70,015 | -14.71% | -23.02% |
Year | Month | Return | Balance | Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | Vanguard International Explorer Inv (VINEX) | ||||
---|---|---|---|---|---|---|---|---|---|
Momentum Model | Equal Weight Portfolio | Vanguard International Explorer Inv | Momentum Model | Equal Weight Portfolio | Vanguard International Explorer Inv | ||||
1998 | 1 | 7.75% | -0.13% | 7.75% | $10,775 | $9,987 | $10,775 | -8.02% | 7.75% |
1998 | 2 | 5.57% | 8.72% | 5.57% | $11,375 | $10,858 | $11,375 | 11.87% | 5.57% |
1998 | 3 | 5.71% | 4.66% | 5.71% | $12,025 | $11,363 | $12,025 | 3.60% | 5.71% |
1998 | 4 | 5.09% | 2.03% | 5.09% | $12,637 | $11,594 | $12,637 | -1.03% | 5.09% |
1998 | 5 | 5.04% | -3.75% | 5.04% | $13,275 | $11,160 | $13,275 | -12.54% | 5.04% |
1998 | 6 | -0.38% | -4.86% | -0.38% | $13,225 | $10,618 | $13,225 | -9.34% | -0.38% |
1998 | 7 | 2.36% | 2.08% | 2.36% | $13,537 | $10,839 | $13,537 | 1.80% | 2.36% |
1998 | 8 | -12.74% | -19.43% | -12.74% | $11,812 | $8,733 | $11,812 | -26.12% | -12.74% |
1998 | 9 | -5.29% | 2.05% | -5.29% | $11,187 | $8,912 | $11,187 | 9.39% | -5.29% |
1998 | 10 | 4.47% | 9.95% | 4.47% | $11,687 | $9,799 | $11,687 | 15.43% | 4.47% |
1998 | 11 | 3.42% | 4.86% | 3.42% | $12,088 | $10,275 | $12,088 | 6.31% | 3.42% |
1998 | 12 | 4.22% | 0.58% | 4.22% | $12,598 | $10,334 | $12,598 | -3.07% | 4.22% |
1999 | 1 | 1.82% | -0.54% | 1.82% | $12,828 | $10,278 | $12,828 | -2.91% | 1.82% |
1999 | 2 | 5.06% | 3.64% | 5.06% | $13,476 | $10,652 | $13,476 | 2.21% | 5.06% |
1999 | 3 | 5.22% | 8.47% | 5.22% | $14,179 | $11,554 | $14,179 | 11.72% | 5.22% |
1999 | 4 | 8.29% | 11.84% | 8.29% | $15,355 | $12,922 | $15,355 | 15.39% | 8.29% |
1999 | 5 | -0.88% | -2.52% | -0.88% | $15,220 | $12,597 | $15,220 | -4.15% | -0.88% |
1999 | 6 | 12.43% | 10.19% | 12.43% | $17,113 | $13,881 | $17,113 | 7.94% | 12.43% |
1999 | 7 | 9.00% | 2.78% | 9.00% | $18,653 | $14,267 | $18,653 | -3.44% | 9.00% |
1999 | 8 | 3.19% | 1.10% | 3.19% | $19,248 | $14,424 | $19,248 | -0.99% | 3.19% |
1999 | 9 | -1.40% | -0.95% | -1.40% | $18,978 | $14,286 | $18,978 | -0.50% | -1.40% |
1999 | 10 | 1.85% | 2.83% | 1.85% | $19,329 | $14,691 | $19,329 | 3.82% | 1.85% |
1999 | 11 | 11.96% | 10.04% | 11.96% | $21,641 | $16,166 | $21,641 | 8.12% | 11.96% |
1999 | 12 | 10.78% | 12.55% | 10.78% | $23,973 | $18,195 | $23,973 | 14.31% | 10.78% |
2000 | 1 | 11.64% | 3.38% | 11.64% | $26,764 | $18,810 | $26,764 | -4.88% | 11.64% |
2000 | 2 | 17.38% | 10.46% | 17.38% | $31,415 | $20,776 | $31,415 | 3.53% | 17.38% |
2000 | 3 | -3.93% | -2.41% | -3.93% | $30,180 | $20,275 | $30,180 | -0.90% | -3.93% |
2000 | 4 | -11.47% | -9.47% | -11.47% | $26,718 | $18,355 | $26,718 | -7.47% | -11.47% |
2000 | 5 | -6.68% | -6.00% | -6.68% | $24,934 | $17,254 | $24,934 | -5.32% | -6.68% |
2000 | 6 | 5.99% | 6.13% | 5.99% | $26,428 | $18,312 | $26,428 | 6.27% | 5.99% |
2000 | 7 | -2.65% | -3.93% | -2.65% | $25,727 | $17,593 | $25,727 | -5.20% | -2.65% |
2000 | 8 | 3.50% | 2.49% | 3.50% | $26,626 | $18,032 | $26,626 | 1.49% | 3.50% |
2000 | 9 | -2.69% | -4.41% | -2.69% | $25,910 | $17,236 | $25,910 | -6.14% | -2.69% |
2000 | 10 | -8.77% | -8.19% | -8.77% | $23,637 | $15,824 | $23,637 | -7.61% | -8.77% |
2000 | 11 | -4.32% | -7.07% | -4.32% | $22,616 | $14,705 | $22,616 | -9.82% | -4.32% |
2000 | 12 | 3.16% | 4.56% | 3.16% | $23,331 | $15,375 | $23,331 | 5.95% | 3.16% |
2001 | 1 | 1.67% | 6.72% | 1.67% | $23,721 | $16,408 | $23,721 | 11.76% | 1.67% |
2001 | 2 | -8.70% | -6.74% | -4.78% | $21,656 | $15,302 | $22,587 | -8.70% | -4.78% |
2001 | 3 | -10.42% | -9.37% | -8.31% | $19,399 | $13,869 | $20,709 | -10.42% | -8.31% |
2001 | 4 | 9.29% | 7.56% | 5.83% | $21,202 | $14,918 | $21,918 | 9.29% | 5.83% |
2001 | 5 | -2.21% | -0.37% | -2.21% | $20,734 | $14,863 | $21,434 | 1.47% | -2.21% |
2001 | 6 | -2.12% | -3.23% | -4.34% | $20,294 | $14,383 | $20,505 | -2.12% | -4.34% |
2001 | 7 | -6.74% | -5.68% | -4.62% | $18,927 | $13,566 | $19,557 | -6.74% | -4.62% |
2001 | 8 | -0.98% | -1.44% | -1.90% | $18,742 | $13,371 | $19,185 | -0.98% | -1.90% |
2001 | 9 | -15.57% | -15.20% | -14.83% | $15,823 | $11,338 | $16,341 | -15.57% | -14.83% |
2001 | 10 | 6.59% | 4.89% | 3.19% | $16,866 | $11,893 | $16,861 | 6.59% | 3.19% |
2001 | 11 | 9.34% | 7.65% | 5.95% | $18,441 | $12,802 | $17,865 | 9.34% | 5.95% |
2001 | 12 | 7.73% | 4.46% | 1.19% | $19,866 | $13,373 | $18,078 | 7.73% | 1.19% |
2002 | 1 | 2.87% | 0.65% | -1.57% | $20,436 | $13,460 | $17,795 | 2.87% | -1.57% |
2002 | 2 | 2.67% | 0.91% | -0.85% | $20,982 | $13,583 | $17,644 | 2.67% | -0.85% |
2002 | 3 | 4.52% | 5.58% | 6.63% | $21,931 | $14,340 | $18,814 | 4.52% | 6.63% |
2002 | 4 | 0.32% | 1.62% | 2.91% | $22,002 | $14,572 | $19,361 | 0.32% | 2.91% |
2002 | 5 | -0.43% | 0.42% | 1.27% | $21,907 | $14,633 | $19,606 | -0.43% | 1.27% |
2002 | 6 | -8.23% | -6.38% | -4.52% | $20,103 | $13,699 | $18,719 | -8.23% | -4.52% |
2002 | 7 | -9.07% | -8.79% | -9.07% | $18,279 | $12,496 | $17,021 | -8.50% | -9.07% |
2002 | 8 | 1.42% | -0.01% | -1.44% | $18,539 | $12,494 | $16,776 | 1.42% | -1.44% |
2002 | 9 | -10.69% | -10.69% | -10.69% | $16,558 | $11,159 | $14,983 | -10.69% | -10.69% |
2002 | 10 | 6.55% | 4.35% | 2.14% | $17,643 | $11,644 | $15,304 | 6.55% | 2.14% |
2002 | 11 | 7.09% | 5.70% | 4.32% | $18,893 | $12,308 | $15,964 | 7.09% | 4.32% |
2002 | 12 | -3.27% | -2.87% | -2.47% | $18,275 | $11,955 | $15,569 | -3.27% | -2.47% |
2003 | 1 | 0.13% | -0.97% | -2.08% | $18,299 | $11,838 | $15,246 | 0.13% | -2.08% |
2003 | 2 | -3.80% | -3.21% | -2.62% | $17,604 | $11,459 | $14,847 | -3.80% | -2.62% |
2003 | 3 | -2.04% | -1.72% | -1.41% | $17,245 | $11,261 | $14,638 | -2.04% | -1.41% |
2003 | 4 | 8.75% | 9.70% | 10.65% | $18,754 | $12,353 | $16,196 | 8.75% | 10.65% |
2003 | 5 | 11.15% | 8.77% | 11.15% | $20,845 | $13,436 | $18,002 | 6.39% | 11.15% |
2003 | 6 | 3.80% | 4.84% | 3.80% | $21,638 | $14,087 | $18,687 | 5.88% | 3.80% |
2003 | 7 | 4.78% | 5.91% | 4.78% | $22,672 | $14,919 | $19,580 | 7.03% | 4.78% |
2003 | 8 | 6.36% | 5.22% | 4.08% | $24,113 | $15,697 | $20,379 | 6.36% | 4.08% |
2003 | 9 | 0.80% | 3.10% | 5.41% | $24,305 | $16,184 | $21,481 | 0.80% | 5.41% |
2003 | 10 | 5.22% | 7.16% | 5.22% | $25,574 | $17,343 | $22,603 | 9.09% | 5.22% |
2003 | 11 | 1.09% | 1.64% | 2.19% | $25,852 | $17,626 | $23,097 | 1.09% | 2.19% |
2003 | 12 | 7.78% | 6.93% | 6.08% | $27,865 | $18,848 | $24,501 | 7.78% | 6.08% |
2004 | 1 | 3.12% | 3.67% | 4.21% | $28,735 | $19,539 | $25,533 | 3.12% | 4.21% |
2004 | 2 | 3.52% | 3.85% | 3.52% | $29,746 | $20,291 | $26,431 | 4.17% | 3.52% |
2004 | 3 | 2.31% | 1.35% | 2.31% | $30,434 | $20,565 | $27,043 | 0.39% | 2.31% |
2004 | 4 | -1.98% | -4.94% | -1.98% | $29,832 | $19,549 | $26,508 | -7.90% | -1.98% |
2004 | 5 | -1.15% | -1.00% | -1.15% | $29,487 | $19,353 | $26,202 | -0.85% | -1.15% |
2004 | 6 | 3.21% | 1.56% | 3.21% | $30,434 | $19,656 | $27,043 | -0.09% | 3.21% |
2004 | 7 | -2.76% | -2.28% | -2.76% | $29,595 | $19,208 | $26,298 | -1.80% | -2.76% |
2004 | 8 | 0.87% | 2.49% | 0.87% | $29,853 | $19,686 | $26,527 | 4.10% | 0.87% |
2004 | 9 | 2.38% | 4.00% | 2.38% | $30,563 | $20,473 | $27,158 | 5.62% | 2.38% |
2004 | 10 | 2.30% | 2.66% | 3.03% | $31,267 | $21,019 | $27,979 | 2.30% | 3.03% |
2004 | 11 | 10.17% | 8.94% | 7.72% | $34,447 | $22,899 | $30,139 | 10.17% | 7.72% |
2004 | 12 | 5.32% | 6.22% | 7.12% | $36,280 | $24,324 | $32,286 | 5.32% | 7.12% |
2005 | 1 | -0.14% | 0.39% | 0.92% | $36,231 | $24,419 | $32,582 | -0.14% | 0.92% |
2005 | 2 | 8.87% | 6.59% | 4.31% | $39,443 | $26,027 | $33,985 | 8.87% | 4.31% |
2005 | 3 | -6.70% | -4.46% | -2.21% | $36,799 | $24,867 | $33,234 | -6.70% | -2.21% |
2005 | 4 | -2.02% | -2.45% | -2.02% | $36,055 | $24,257 | $32,562 | -2.89% | -2.02% |
2005 | 5 | 0.36% | 1.88% | 0.36% | $36,186 | $24,712 | $32,681 | 3.39% | 0.36% |
2005 | 6 | 3.28% | 3.00% | 2.72% | $37,373 | $25,453 | $33,570 | 3.28% | 2.72% |
2005 | 7 | 6.87% | 5.70% | 4.53% | $39,938 | $26,903 | $35,092 | 6.87% | 4.53% |
2005 | 8 | 0.97% | 1.50% | 2.03% | $40,326 | $27,307 | $35,803 | 0.97% | 2.03% |
2005 | 9 | 8.64% | 6.09% | 3.53% | $43,811 | $28,969 | $37,067 | 8.64% | 3.53% |
2005 | 10 | -6.57% | -5.34% | -4.10% | $40,931 | $27,422 | $35,546 | -6.57% | -4.10% |
2005 | 11 | 7.98% | 5.33% | 2.67% | $44,198 | $28,883 | $36,494 | 7.98% | 2.67% |
2005 | 12 | 6.16% | 6.38% | 6.60% | $46,922 | $30,725 | $38,903 | 6.16% | 6.60% |
2006 | 1 | 11.48% | 9.43% | 7.37% | $52,310 | $33,621 | $41,768 | 11.48% | 7.37% |
2006 | 2 | -1.46% | -0.42% | 0.62% | $51,548 | $33,481 | $42,029 | -1.46% | 0.62% |
2006 | 3 | 1.24% | 3.25% | 5.27% | $52,187 | $34,571 | $44,243 | 1.24% | 5.27% |
2006 | 4 | 7.12% | 6.31% | 5.50% | $55,903 | $36,751 | $46,674 | 7.12% | 5.50% |
2006 | 5 | -10.74% | -7.83% | -4.93% | $49,899 | $33,872 | $44,373 | -10.74% | -4.93% |
2006 | 6 | -2.15% | -1.17% | -2.15% | $48,825 | $33,474 | $43,418 | -0.20% | -2.15% |
2006 | 7 | -0.50% | 0.34% | -0.50% | $48,581 | $33,589 | $43,201 | 1.19% | -0.50% |
2006 | 8 | 2.36% | 2.21% | 2.36% | $49,728 | $34,330 | $44,221 | 2.05% | 2.36% |
2006 | 9 | 0.72% | 1.27% | 1.82% | $50,085 | $34,765 | $45,025 | 0.72% | 1.82% |
2006 | 10 | 3.66% | 4.21% | 3.66% | $51,920 | $36,227 | $46,674 | 4.75% | 3.66% |
2006 | 11 | 4.51% | 5.97% | 4.51% | $54,263 | $38,392 | $48,780 | 7.44% | 4.51% |
2006 | 12 | 4.16% | 4.05% | 3.95% | $56,519 | $39,948 | $50,708 | 4.16% | 3.95% |
2007 | 1 | -0.58% | 1.18% | 2.94% | $56,193 | $40,420 | $52,198 | -0.58% | 2.94% |
2007 | 2 | 0.32% | -0.48% | 0.32% | $56,374 | $40,226 | $52,366 | -1.28% | 0.32% |
2007 | 3 | 3.21% | 3.66% | 3.21% | $58,185 | $41,699 | $54,048 | 4.11% | 3.21% |
2007 | 4 | 3.87% | 4.05% | 3.87% | $60,436 | $43,388 | $56,139 | 4.23% | 3.87% |
2007 | 5 | 2.44% | 4.20% | 2.44% | $61,911 | $45,210 | $57,509 | 5.96% | 2.44% |
2007 | 6 | 4.49% | 1.68% | -1.13% | $64,691 | $45,970 | $56,860 | 4.49% | -1.13% |
2007 | 7 | 4.30% | 1.92% | -0.46% | $67,471 | $46,851 | $56,595 | 4.30% | -0.46% |
2007 | 8 | -0.94% | -1.96% | -2.97% | $66,838 | $45,935 | $54,913 | -0.94% | -2.97% |
2007 | 9 | 10.75% | 6.38% | 2.01% | $74,026 | $48,868 | $56,019 | 10.75% | 2.01% |
2007 | 10 | 12.31% | 9.13% | 5.96% | $83,135 | $53,331 | $59,359 | 12.31% | 5.96% |
2007 | 11 | -7.99% | -8.03% | -8.06% | $76,490 | $49,051 | $54,577 | -7.99% | -8.06% |
2007 | 12 | -0.38% | -1.34% | -2.30% | $76,199 | $48,393 | $53,320 | -0.38% | -2.30% |
2008 | 1 | -11.08% | -10.11% | -9.13% | $67,756 | $43,503 | $48,452 | -11.08% | -9.13% |
2008 | 2 | 4.65% | 3.46% | 2.26% | $70,908 | $45,006 | $49,546 | 4.65% | 2.26% |
2008 | 3 | -3.80% | -2.57% | -1.34% | $68,216 | $43,851 | $48,884 | -3.80% | -1.34% |
2008 | 4 | 8.09% | 5.17% | 2.24% | $73,737 | $46,117 | $49,979 | 8.09% | 2.24% |
2008 | 5 | 1.84% | 1.96% | 2.07% | $75,095 | $47,020 | $51,016 | 1.84% | 2.07% |
2008 | 6 | -10.39% | -9.15% | -7.91% | $67,295 | $42,720 | $46,983 | -10.39% | -7.91% |
2008 | 7 | -4.14% | -4.98% | -5.82% | $64,512 | $40,592 | $44,246 | -4.14% | -5.82% |
2008 | 8 | -7.81% | -5.60% | -3.39% | $59,473 | $38,320 | $42,748 | -7.81% | -3.39% |
2008 | 9 | -16.25% | -15.84% | -15.43% | $49,810 | $32,250 | $36,152 | -16.25% | -15.43% |
2008 | 10 | -24.14% | -25.91% | -24.14% | $37,784 | $23,895 | $27,423 | -27.67% | -24.14% |
2008 | 11 | -4.94% | -6.40% | -4.94% | $35,919 | $22,367 | $26,069 | -7.85% | -4.94% |
2008 | 12 | 9.18% | 8.74% | 9.18% | $39,216 | $24,322 | $28,463 | 8.30% | 9.18% |
2009 | 1 | -9.15% | -8.67% | -9.15% | $35,629 | $22,214 | $25,859 | -8.19% | -9.15% |
2009 | 2 | -7.18% | -6.62% | -7.18% | $33,072 | $20,743 | $24,003 | -6.07% | -7.18% |
2009 | 3 | 7.98% | 12.01% | 7.98% | $35,711 | $23,233 | $25,919 | 16.03% | 7.98% |
2009 | 4 | 16.03% | 15.00% | 13.97% | $41,436 | $26,719 | $29,540 | 16.03% | 13.97% |
2009 | 5 | 18.27% | 16.12% | 13.98% | $49,004 | $31,027 | $33,670 | 18.27% | 13.98% |
2009 | 6 | -2.25% | -0.15% | 1.96% | $47,902 | $30,981 | $34,329 | -2.25% | 1.96% |
2009 | 7 | 11.55% | 9.48% | 7.41% | $53,435 | $33,918 | $36,873 | 11.55% | 7.41% |
2009 | 8 | -0.63% | 2.28% | 5.19% | $53,100 | $34,693 | $38,788 | -0.63% | 5.19% |
2009 | 9 | 9.29% | 7.81% | 6.33% | $58,034 | $37,402 | $41,243 | 9.29% | 6.33% |
2009 | 10 | -1.36% | -1.52% | -1.67% | $57,243 | $36,835 | $40,554 | -1.36% | -1.67% |
2009 | 11 | 5.90% | 3.80% | 1.70% | $60,620 | $38,235 | $41,243 | 5.90% | 1.70% |
2009 | 12 | 3.60% | 2.57% | 1.53% | $62,801 | $39,215 | $41,875 | 3.60% | 1.53% |
2010 | 1 | -6.25% | -4.11% | -1.96% | $58,873 | $37,605 | $41,055 | -6.25% | -1.96% |
2010 | 2 | 1.07% | 0.09% | -0.89% | $59,504 | $37,640 | $40,691 | 1.07% | -0.89% |
2010 | 3 | 8.15% | 7.66% | 7.16% | $64,353 | $40,522 | $43,606 | 8.15% | 7.16% |
2010 | 4 | 0.26% | 0.65% | 1.04% | $64,523 | $40,787 | $44,061 | 0.26% | 1.04% |
2010 | 5 | -9.32% | -10.41% | -11.51% | $58,509 | $36,539 | $38,990 | -9.32% | -11.51% |
2010 | 6 | -0.04% | -0.10% | -0.16% | $58,485 | $36,503 | $38,929 | -0.04% | -0.16% |
2010 | 7 | 9.25% | 9.38% | 9.52% | $63,892 | $39,927 | $42,634 | 9.25% | 9.52% |
2010 | 8 | -2.24% | -2.44% | -2.64% | $62,462 | $38,954 | $41,510 | -2.24% | -2.64% |
2010 | 9 | 11.18% | 11.37% | 11.56% | $69,445 | $43,383 | $46,308 | 11.18% | 11.56% |
2010 | 10 | 2.97% | 3.32% | 3.67% | $71,506 | $44,823 | $48,009 | 2.97% | 3.67% |
2010 | 11 | -2.71% | -2.94% | -3.16% | $69,566 | $43,506 | $46,491 | -2.71% | -3.16% |
2010 | 12 | 7.30% | 8.84% | 10.38% | $74,646 | $47,353 | $51,317 | 7.30% | 10.38% |
2011 | 1 | 0.72% | -1.02% | 0.72% | $75,183 | $46,868 | $51,686 | -2.77% | 0.72% |
2011 | 2 | 1.25% | 0.20% | 1.25% | $76,123 | $46,962 | $52,333 | -0.85% | 1.25% |
2011 | 3 | 0.47% | 3.02% | 0.47% | $76,481 | $48,381 | $52,579 | 5.57% | 0.47% |
2011 | 4 | 4.92% | 4.19% | 4.92% | $80,243 | $50,409 | $55,165 | 3.47% | 4.92% |
2011 | 5 | -2.46% | -2.64% | -2.46% | $78,273 | $49,080 | $53,810 | -2.82% | -2.46% |
2011 | 6 | -2.80% | -2.16% | -2.80% | $76,078 | $48,021 | $52,302 | -1.51% | -2.80% |
2011 | 7 | -1.59% | -1.20% | -1.59% | $74,869 | $47,443 | $51,471 | -0.82% | -1.59% |
2011 | 8 | -8.54% | -9.11% | -9.69% | $68,476 | $43,119 | $46,484 | -8.54% | -9.69% |
2011 | 9 | -16.19% | -13.99% | -11.79% | $57,392 | $37,088 | $41,004 | -16.19% | -11.79% |
2011 | 10 | 8.18% | 10.84% | 8.18% | $62,089 | $41,110 | $44,360 | 13.51% | 8.18% |
2011 | 11 | -3.41% | -3.68% | -3.96% | $59,972 | $39,596 | $42,605 | -3.41% | -3.96% |
2011 | 12 | -3.32% | -3.32% | -3.32% | $57,980 | $38,280 | $41,188 | -3.32% | -3.32% |
2012 | 1 | 11.12% | 9.97% | 8.81% | $64,425 | $42,095 | $44,819 | 11.12% | 8.81% |
2012 | 2 | 5.56% | 5.58% | 5.59% | $68,008 | $44,442 | $47,325 | 5.56% | 5.59% |
2012 | 3 | -2.86% | -1.23% | 0.41% | $66,060 | $43,896 | $47,518 | -2.86% | 0.41% |
2012 | 4 | -1.75% | -1.21% | -0.68% | $64,906 | $43,364 | $47,196 | -1.75% | -0.68% |
2012 | 5 | -11.78% | -11.43% | -11.78% | $57,262 | $38,409 | $41,638 | -11.08% | -11.78% |
2012 | 6 | 3.86% | 4.35% | 3.86% | $59,471 | $40,078 | $43,245 | 4.83% | 3.86% |
2012 | 7 | 0.64% | 0.21% | -0.22% | $59,849 | $40,161 | $43,148 | 0.64% | -0.22% |
2012 | 8 | 0.43% | 1.67% | 2.90% | $60,109 | $40,831 | $44,401 | 0.43% | 2.90% |
2012 | 9 | 3.69% | 4.50% | 3.69% | $62,327 | $42,670 | $46,040 | 5.32% | 3.69% |
2012 | 10 | -0.42% | 0.39% | 1.19% | $62,068 | $42,835 | $46,586 | -0.42% | 1.19% |
2012 | 11 | 0.62% | 0.97% | 0.62% | $62,454 | $43,252 | $46,875 | 1.33% | 0.62% |
2012 | 12 | 3.62% | 4.73% | 3.62% | $64,714 | $45,298 | $48,572 | 5.84% | 3.62% |
2013 | 1 | 0.61% | 2.78% | 4.96% | $65,107 | $46,560 | $50,982 | 0.61% | 4.96% |
2013 | 2 | 0.19% | -0.77% | 0.19% | $65,233 | $46,200 | $51,081 | -1.74% | 0.19% |
2013 | 3 | 1.29% | -0.12% | 1.29% | $66,077 | $46,144 | $51,742 | -1.54% | 1.29% |
2013 | 4 | 3.70% | 2.51% | 3.70% | $68,522 | $47,303 | $53,657 | 1.32% | 3.70% |
2013 | 5 | -0.49% | -2.11% | -0.49% | $68,185 | $46,304 | $53,393 | -3.73% | -0.49% |
2013 | 6 | -2.16% | -4.15% | -2.16% | $66,709 | $44,381 | $52,237 | -6.14% | -2.16% |
2013 | 7 | 5.50% | 3.24% | 5.50% | $70,378 | $45,818 | $55,110 | 0.97% | 5.50% |
2013 | 8 | -0.66% | -1.92% | -0.66% | $69,914 | $44,939 | $54,746 | -3.18% | -0.66% |
2013 | 9 | 7.30% | 7.23% | 7.30% | $75,016 | $48,186 | $58,742 | 7.15% | 7.30% |
2013 | 10 | 3.99% | 4.32% | 3.99% | $78,010 | $50,268 | $61,086 | 4.65% | 3.99% |
2013 | 11 | 0.81% | -0.60% | 0.81% | $78,643 | $49,965 | $61,581 | -2.02% | 0.81% |
2013 | 12 | 2.72% | 0.88% | 2.72% | $80,783 | $50,405 | $63,258 | -0.96% | 2.72% |
2014 | 1 | -2.23% | -4.75% | -2.23% | $78,985 | $48,012 | $61,850 | -7.27% | -2.23% |
2014 | 2 | 5.94% | 4.68% | 5.94% | $83,678 | $50,259 | $65,524 | 3.42% | 5.94% |
2014 | 3 | 0.73% | 2.30% | 0.73% | $84,292 | $51,414 | $66,005 | 3.86% | 0.73% |
2014 | 4 | -0.62% | -0.06% | -0.62% | $83,765 | $51,383 | $65,593 | 0.51% | -0.62% |
2014 | 5 | 1.94% | 2.83% | 1.94% | $85,388 | $52,836 | $66,864 | 3.72% | 1.94% |
2014 | 6 | 1.13% | 2.06% | 1.13% | $86,353 | $53,926 | $67,619 | 3.00% | 1.13% |
2014 | 7 | -2.08% | -0.31% | -2.08% | $84,555 | $53,759 | $66,211 | 1.46% | -2.08% |
2014 | 8 | 3.57% | 2.10% | 0.62% | $87,572 | $54,886 | $66,623 | 3.57% | 0.62% |
2014 | 9 | -7.16% | -5.80% | -4.43% | $81,303 | $51,705 | $63,670 | -7.16% | -4.43% |
2014 | 10 | 2.31% | 0.40% | -1.51% | $83,181 | $51,912 | $62,708 | 2.31% | -1.51% |
2014 | 11 | -1.00% | -1.21% | -1.42% | $82,350 | $51,283 | $61,815 | -1.00% | -1.42% |
2014 | 12 | -4.97% | -2.79% | -0.61% | $78,253 | $49,851 | $61,438 | -4.97% | -0.61% |
2015 | 1 | 0.67% | 0.27% | -0.12% | $78,779 | $49,988 | $61,364 | 0.67% | -0.12% |
2015 | 2 | 3.53% | 5.17% | 6.81% | $81,560 | $52,572 | $65,542 | 3.53% | 6.81% |
2015 | 3 | 0.57% | -0.75% | 0.57% | $82,024 | $52,176 | $65,915 | -2.08% | 0.57% |
2015 | 4 | 3.45% | 5.62% | 3.45% | $84,856 | $55,108 | $68,190 | 7.79% | 3.45% |
2015 | 5 | 0.88% | -1.25% | 0.88% | $85,599 | $54,418 | $68,787 | -3.38% | 0.88% |
2015 | 6 | -1.14% | -1.76% | -1.14% | $84,624 | $53,459 | $68,004 | -2.39% | -1.14% |
2015 | 7 | 1.15% | -2.83% | 1.15% | $85,599 | $51,948 | $68,787 | -6.81% | 1.15% |
2015 | 8 | -4.99% | -7.16% | -4.99% | $81,328 | $48,231 | $65,355 | -9.32% | -4.99% |
2015 | 9 | -3.08% | -3.16% | -3.08% | $78,821 | $46,705 | $63,341 | -3.25% | -3.08% |
2015 | 10 | 4.59% | 5.08% | 4.59% | $82,442 | $49,079 | $66,251 | 5.57% | 4.59% |
2015 | 11 | 0.11% | -1.57% | 0.11% | $82,535 | $48,309 | $66,325 | -3.25% | 0.11% |
2015 | 12 | 0.60% | -0.92% | 0.60% | $83,030 | $47,863 | $66,723 | -2.45% | 0.60% |
2016 | 1 | -6.67% | -6.36% | -6.67% | $77,495 | $44,819 | $62,275 | -6.05% | -6.67% |
2016 | 2 | -2.40% | -1.64% | -2.40% | $75,633 | $44,086 | $60,779 | -0.87% | -2.40% |
2016 | 3 | 7.58% | 10.31% | 7.58% | $81,365 | $48,632 | $65,385 | 13.04% | 7.58% |
2016 | 4 | 0.66% | 0.72% | 0.66% | $81,904 | $48,982 | $65,818 | 0.78% | 0.66% |
2016 | 5 | 1.44% | -0.98% | 1.44% | $83,079 | $48,500 | $66,763 | -3.40% | 1.44% |
2016 | 6 | -5.54% | -0.25% | -5.54% | $78,475 | $48,380 | $63,062 | 5.04% | -5.54% |
2016 | 7 | 4.67% | 5.15% | 5.62% | $82,143 | $50,869 | $66,605 | 4.67% | 5.62% |
2016 | 8 | 1.67% | 0.75% | -0.18% | $83,518 | $51,250 | $66,487 | 1.67% | -0.18% |
2016 | 9 | 1.27% | 2.06% | 2.84% | $84,579 | $52,304 | $68,377 | 1.27% | 2.84% |
2016 | 10 | 0.63% | -1.27% | -3.17% | $85,114 | $51,641 | $66,212 | 0.63% | -3.17% |
2016 | 11 | -4.36% | -3.43% | -2.50% | $81,403 | $49,871 | $64,558 | -4.36% | -2.50% |
2016 | 12 | -0.16% | 0.68% | 1.53% | $81,272 | $50,212 | $65,545 | -0.16% | 1.53% |
2017 | 1 | 4.94% | 4.67% | 4.41% | $85,286 | $52,559 | $68,435 | 4.94% | 4.41% |
2017 | 2 | 3.28% | 2.55% | 1.82% | $88,081 | $53,898 | $69,679 | 3.28% | 1.82% |
2017 | 3 | 2.25% | 3.00% | 3.74% | $90,065 | $55,514 | $72,288 | 2.25% | 3.74% |
2017 | 4 | 1.39% | 3.39% | 5.39% | $91,321 | $57,396 | $76,182 | 1.39% | 5.39% |
2017 | 5 | 4.27% | 2.74% | 4.27% | $95,218 | $58,970 | $79,433 | 1.22% | 4.27% |
2017 | 6 | 0.51% | 0.64% | 0.51% | $95,699 | $59,349 | $79,834 | 0.78% | 0.51% |
2017 | 7 | 3.47% | 4.41% | 3.47% | $99,019 | $61,965 | $82,604 | 5.35% | 3.47% |
2017 | 8 | 0.39% | 1.72% | 0.39% | $99,404 | $63,031 | $82,925 | 3.05% | 0.39% |
2017 | 9 | 3.97% | 1.59% | 3.97% | $103,350 | $64,035 | $86,216 | -0.78% | 3.97% |
2017 | 10 | 1.82% | 2.13% | 1.82% | $105,226 | $65,397 | $87,782 | 2.44% | 1.82% |
2017 | 11 | 0.46% | 0.34% | 0.46% | $105,707 | $65,616 | $88,183 | 0.21% | 0.46% |
2017 | 12 | 3.14% | 3.31% | 3.14% | $109,031 | $67,791 | $90,955 | 3.49% | 3.14% |
2018 | 1 | 5.12% | 6.76% | 5.12% | $114,613 | $72,370 | $95,612 | 8.39% | 5.12% |
2018 | 2 | -4.73% | -4.37% | -4.02% | $109,195 | $69,205 | $91,767 | -4.73% | -4.02% |
2018 | 3 | -0.33% | -0.77% | -0.33% | $108,839 | $68,669 | $91,468 | -1.22% | -0.33% |
2018 | 4 | 0.28% | -0.87% | 0.28% | $109,144 | $68,070 | $91,724 | -2.03% | 0.28% |
2018 | 5 | -0.84% | -1.85% | -0.84% | $108,229 | $66,811 | $90,955 | -2.86% | -0.84% |
2018 | 6 | -2.16% | -3.33% | -2.16% | $105,890 | $64,584 | $88,990 | -4.50% | -2.16% |
2018 | 7 | 0.10% | 1.64% | 0.10% | $105,992 | $65,641 | $89,076 | 3.18% | 0.10% |
2018 | 8 | -1.77% | -2.66% | -1.77% | $104,111 | $63,894 | $87,495 | -3.55% | -1.77% |
2018 | 9 | -1.17% | -1.24% | -1.17% | $102,891 | $63,102 | $86,470 | -1.31% | -1.17% |
2018 | 10 | -11.76% | -9.67% | -11.76% | $90,792 | $57,000 | $76,302 | -7.58% | -11.76% |
2018 | 11 | 4.45% | 2.03% | -0.39% | $94,837 | $58,158 | $76,003 | 4.45% | -0.39% |
2018 | 12 | -2.97% | -5.42% | -7.88% | $92,020 | $55,003 | $70,015 | -2.97% | -7.88% |
Metric | Momentum Model | Equal Weight Portfolio | Vanguard International Explorer Inv |
---|---|---|---|
Arithmetic Mean (monthly) | 1.07% | 0.85% | 0.93% |
Arithmetic Mean (annualized) | 13.59% | 10.67% | 11.70% |
Geometric Mean (monthly) | 0.88% | 0.68% | 0.78% |
Geometric Mean (annualized) | 11.15% | 8.46% | 9.71% |
Volatility (monthly) | 6.02% | 5.76% | 5.46% |
Volatility (annualized) | 20.84% | 19.95% | 18.91% |
Downside Deviation (monthly) | 3.97% | 3.94% | 3.67% |
Max. Drawdown | -60.22% | -61.11% | -59.56% |
US Market Correlation | 0.75 | 0.82 | 0.77 |
Beta(*) | 1.03 | 0.98 | 1.00 |
Alpha (annualized) | 1.31% | -0.76% | -0.00% |
R2 | 88.09% | 87.04% | 100.00% |
Sharpe Ratio | 0.52 | 0.41 | 0.49 |
Sortino Ratio | 0.78 | 0.59 | 0.71 |
Treynor Ratio (%) | 10.52 | 8.39 | 9.19 |
Calmar Ratio | 0.17 | 0.20 | 0.06 |
Active Return | 1.44% | -1.25% | N/A |
Tracking Error | 7.22% | 7.19% | N/A |
Information Ratio | 0.20 | -0.17 | N/A |
Skewness | -0.47 | -0.68 | -0.60 |
Excess Kurtosis | 1.39 | 2.07 | 2.03 |
Historical Value-at-Risk (5%) | -9.80% | -9.13% | -9.10% |
Analytical Value-at-Risk (5%) | -8.83% | -8.62% | -8.05% |
Conditional Value-at-Risk (5%) | -13.32% | -13.13% | -12.62% |
Upside Capture Ratio (%) | 105.55 | 97.61 | 100.00 |
Downside Capture Ratio (%) | 100.51 | 102.34 | 100.00 |
Safe Withdrawal Rate | 15.43% | 10.39% | 13.08% |
Perpetual Withdrawal Rate | 8.11% | 5.83% | 6.91% |
Positive Periods | 157 out of 252 (62.30%) | 147 out of 252 (58.33%) | 153 out of 252 (60.71%) |
Gain/Loss Ratio | 0.97 | 1.05 | 1.01 |
* Vanguard International Explorer Inv is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values. |
Stress Period | Start | End | Momentum Model | Equal Weight Portfolio | Vanguard International Explorer Inv |
---|---|---|---|---|---|
Russian Debt Default | Jul 1998 | Oct 1998 | -17.36% | -19.43% | -17.36% |
Dotcom Crash | Mar 2000 | Oct 2002 | -49.63% | -46.29% | -52.31% |
Subprime Crisis | Nov 2007 | Mar 2009 | -60.22% | -61.11% | -59.56% |
Rank | Start | End | Length | Recovery By | Recovery Time | Underwater Period | Drawdown |
---|---|---|---|---|---|---|---|
1 | Nov 2007 | Feb 2009 | 1 year 4 months | Feb 2014 | 5 years | 6 years 4 months | -60.22% |
2 | Mar 2000 | Sep 2001 | 1 year 7 months | Nov 2004 | 3 years 2 months | 4 years 9 months | -49.63% |
3 | Feb 2018 | Oct 2018 | 9 months | -20.78% | |||
4 | Aug 1998 | Sep 1998 | 2 months | Mar 1999 | 6 months | 8 months | -17.36% |
5 | Sep 2014 | Feb 2016 | 1 year 6 months | Feb 2017 | 1 year | 2 years 6 months | -13.63% |
6 | May 2006 | Jul 2006 | 3 months | Dec 2006 | 5 months | 8 months | -13.10% |
7 | Mar 2005 | Apr 2005 | 2 months | Jul 2005 | 3 months | 5 months | -8.59% |
8 | Oct 2005 | Oct 2005 | 1 month | Nov 2005 | 1 month | 2 months | -6.57% |
9 | Jul 2014 | Jul 2014 | 1 month | Aug 2014 | 1 month | 2 months | -2.08% |
10 | Feb 2006 | Feb 2006 | 1 month | Apr 2006 | 2 months | 3 months | -1.46% |
Worst 10 drawdowns included above |
Rank | Start | End | Length | Recovery By | Recovery Time | Underwater Period | Drawdown |
---|---|---|---|---|---|---|---|
1 | Nov 2007 | Feb 2009 | 1 year 4 months | Jun 2014 | 5 years 4 months | 6 years 8 months | -61.11% |
2 | Mar 2000 | Sep 2002 | 2 years 7 months | Oct 2004 | 2 years 1 month | 4 years 8 months | -46.29% |
3 | May 1998 | Aug 1998 | 4 months | Apr 1999 | 8 months | 1 year | -24.68% |
4 | Feb 2018 | Dec 2018 | 11 months | -24.00% | |||
5 | May 2015 | Feb 2016 | 10 months | Mar 2017 | 1 year 1 month | 1 year 11 months | -20.00% |
6 | Sep 2014 | Dec 2014 | 4 months | Apr 2015 | 4 months | 8 months | -9.17% |
7 | May 2006 | Jun 2006 | 2 months | Nov 2006 | 5 months | 7 months | -8.92% |
8 | Mar 2005 | Apr 2005 | 2 months | Jul 2005 | 3 months | 5 months | -6.80% |
9 | Oct 2005 | Oct 2005 | 1 month | Dec 2005 | 2 months | 3 months | -5.34% |
10 | May 1999 | May 1999 | 1 month | Jun 1999 | 1 month | 2 months | -2.52% |
Worst 10 drawdowns included above |
Rank | Start | End | Length | Recovery By | Recovery Time | Underwater Period | Drawdown |
---|---|---|---|---|---|---|---|
1 | Nov 2007 | Feb 2009 | 1 year 4 months | Oct 2013 | 4 years 8 months | 6 years | -59.56% |
2 | Mar 2000 | Mar 2003 | 3 years 1 month | Dec 2004 | 1 year 9 months | 4 years 10 months | -53.41% |
3 | Feb 2018 | Dec 2018 | 11 months | -26.77% | |||
4 | Aug 1998 | Sep 1998 | 2 months | Mar 1999 | 6 months | 8 months | -17.36% |
5 | Aug 2015 | Feb 2016 | 7 months | Feb 2017 | 1 year | 1 year 7 months | -11.64% |
6 | Jul 2014 | Jan 2015 | 7 months | Apr 2015 | 3 months | 10 months | -9.25% |
7 | May 2006 | Jul 2006 | 3 months | Oct 2006 | 3 months | 6 months | -7.44% |
8 | Jun 2007 | Aug 2007 | 3 months | Oct 2007 | 2 months | 5 months | -4.51% |
9 | Mar 2005 | Apr 2005 | 2 months | Jul 2005 | 3 months | 5 months | -4.19% |
10 | Oct 2005 | Oct 2005 | 1 month | Dec 2005 | 2 months | 3 months | -4.10% |
Worst 10 drawdowns included above |
Roll Period | Momentum Model | Equal Weight Portfolio | Vanguard International Explorer Inv | ||||||
---|---|---|---|---|---|---|---|---|---|
Average | High | Low | Average | High | Low | Average | High | Low | |
1 year | 15.13% | 133.11% | -54.55% | 12.87% | 95.05% | -55.19% | 14.09% | 133.11% | -53.80% |
3 years | 10.47% | 44.64% | -17.56% | 9.13% | 45.34% | -17.99% | 9.37% | 44.59% | -22.11% |
5 years | 10.70% | 36.35% | -5.68% | 9.48% | 35.57% | -4.29% | 9.34% | 31.14% | -6.25% |
7 years | 10.72% | 22.24% | 0.01% | 9.71% | 20.07% | -0.38% | 9.24% | 18.67% | 0.79% |
10 years | 9.93% | 22.52% | 2.38% | 8.85% | 17.08% | 2.06% | 8.00% | 18.22% | 2.60% |
15 years | 10.67% | 13.53% | 6.57% | 9.59% | 12.83% | 6.38% | 9.36% | 13.02% | 5.02% |
# | Start | End | Months | Assets | Asset Performance | Momentum Model | Equal Weight Portfolio | Vanguard International Explorer Inv |
---|---|---|---|---|---|---|---|---|
1 | Jan 1998 | Jan 2001 | 37 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: 137.21% | 137.21% | 64.08% | 137.21% |
2 | Feb 2001 | Apr 2001 | 3 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: -10.62% | -10.62% | -9.09% | -7.60% |
3 | May 2001 | May 2001 | 1 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: -2.21% | -2.21% | -0.37% | -2.21% |
4 | Jun 2001 | Jun 2002 | 13 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: -3.04% | -3.04% | -7.83% | -12.67% |
5 | Jul 2002 | Jul 2002 | 1 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: -9.07% | -9.07% | -8.79% | -9.07% |
6 | Aug 2002 | Apr 2003 | 9 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: 2.60% | 2.60% | -1.14% | -4.84% |
7 | May 2003 | Jul 2003 | 3 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: 20.89% | 20.89% | 20.77% | 20.89% |
8 | Aug 2003 | Sep 2003 | 2 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: 7.20% | 7.20% | 8.48% | 9.71% |
9 | Oct 2003 | Oct 2003 | 1 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: 5.22% | 5.22% | 7.16% | 5.22% |
10 | Nov 2003 | Jan 2004 | 3 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: 12.36% | 12.36% | 12.67% | 12.96% |
11 | Feb 2004 | Sep 2004 | 8 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: 6.36% | 6.36% | 4.78% | 6.36% |
12 | Oct 2004 | Mar 2005 | 6 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: 20.40% | 20.40% | 21.46% | 22.38% |
13 | Apr 2005 | May 2005 | 2 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: -1.66% | -1.66% | -0.62% | -1.66% |
14 | Jun 2005 | May 2006 | 12 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: 37.89% | 37.89% | 37.07% | 35.78% |
15 | Jun 2006 | Aug 2006 | 3 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: -0.34% | -0.34% | 1.35% | -0.34% |
16 | Sep 2006 | Sep 2006 | 1 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: 0.72% | 0.72% | 1.27% | 1.82% |
17 | Oct 2006 | Nov 2006 | 2 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: 8.34% | 8.34% | 10.43% | 8.34% |
18 | Dec 2006 | Jan 2007 | 2 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: 3.56% | 3.56% | 5.28% | 7.01% |
19 | Feb 2007 | May 2007 | 4 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: 10.17% | 10.17% | 11.85% | 10.17% |
20 | Jun 2007 | Sep 2008 | 16 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: -19.54% | -19.54% | -28.67% | -37.14% |
21 | Oct 2008 | Mar 2009 | 6 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: -28.31% | -28.31% | -27.96% | -28.31% |
22 | Apr 2009 | Dec 2010 | 21 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: 109.03% | 109.03% | 103.81% | 97.99% |
23 | Jan 2011 | Jul 2011 | 7 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: 0.30% | 0.30% | 0.19% | 0.30% |
24 | Aug 2011 | Sep 2011 | 2 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: -23.34% | -23.34% | -21.83% | -20.33% |
25 | Oct 2011 | Oct 2011 | 1 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: 8.18% | 8.18% | 10.84% | 8.18% |
26 | Nov 2011 | Apr 2012 | 6 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: 4.54% | 4.54% | 5.48% | 6.40% |
27 | May 2012 | Jun 2012 | 2 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: -8.37% | -8.37% | -7.58% | -8.37% |
28 | Jul 2012 | Aug 2012 | 2 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: 1.07% | 1.07% | 1.88% | 2.67% |
29 | Sep 2012 | Sep 2012 | 1 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: 3.69% | 3.69% | 4.50% | 3.69% |
30 | Oct 2012 | Oct 2012 | 1 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: -0.42% | -0.42% | 0.39% | 1.19% |
31 | Nov 2012 | Dec 2012 | 2 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: 4.26% | 4.26% | 5.75% | 4.26% |
32 | Jan 2013 | Jan 2013 | 1 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: 0.61% | 0.61% | 2.78% | 4.96% |
33 | Feb 2013 | Jul 2014 | 18 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: 29.87% | 29.87% | 15.46% | 29.87% |
34 | Aug 2014 | Feb 2015 | 7 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: -3.54% | -3.54% | -2.21% | -1.01% |
35 | Mar 2015 | Jun 2016 | 16 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: -3.78% | -3.78% | -7.97% | -3.78% |
36 | Jul 2016 | Apr 2017 | 10 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: 16.37% | 16.37% | 18.64% | 20.80% |
37 | May 2017 | Jan 2018 | 9 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: 25.51% | 25.51% | 26.09% | 25.51% |
38 | Feb 2018 | Feb 2018 | 1 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: -4.73% | -4.73% | -4.37% | -4.02% |
39 | Mar 2018 | Oct 2018 | 8 | 100.00% Vanguard International Explorer Inv (VINEX) | VINEX: -16.85% | -16.85% | -17.64% | -16.85% |
40 | Nov 2018 | Dec 2018 | 2 | 100.00% Vanguard Emerging Mkts Stock Idx Inv (VEIEX) | VEIEX: 1.35% | 1.35% | -3.50% | -8.24% |
41 | Jan 2019 | Jan 2019 | 1 | Please sign-in for forward signals | - | - | - | - |