Returns: Long-Term Component

All investments involve the risk of investment losses. Past performance is no guarantee of future results.
Disclosures Including Backtested Performance Data

Annualized Returns Ending 20221 Conservative & Useful
  Oct 2023 YTD 1 Years 3 Years 5 Years 10 Years 24 Years
Return -4.1% 0.8% -10.3% 2.3% 0.6% 5.0% 8.6%
Standard Deviation N/A N/A 21.2 24.0 20.8 16.8 19.0
Total Growth -4% 1% -10% 7% 3% 63% 622%

Returns Rolling 10-year Annualized Long-Term ComponentReturns Graph Long-Term Component
All investments involve the risk of investment losses. Past performance is no guarantee of future results.
Disclosures Including Backtested Performance Data

Worst Average Best Years Returns ending in year (e.g. Row 5 under Column 2013 shows the 5-year returns ending in 2013)
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
-45.7 11.3 63.4 1 -10.3 18.4 0.9 16.7 -17.4 24.3 15.1 -7.0 -2.4 21.6 19.8 -17.3 21.1 53.3 -45.7 14.0 27.6 20.8 30.9 63.4 -5.9 1.3 -10.3 37.9
-21.3 9.5 46.3 2 3.0 9.3 8.5 -1.8 1.3 19.6 3.4 -4.7 9.0 20.7 -0.5 0.1 36.3 -8.8 -21.3 20.6 24.1 25.8 46.3 24.0 -2.4 -4.7 11.2
-7.6 9.1 37.2 3 2.3 11.7 -0.9 6.2 5.7 10.0 1.5 3.4 12.5 6.4 6.3 15.3 0.3 -1.7 -7.6 20.7 26.4 37.2 26.2 15.9 -5.1 7.8
-4.5 9.2 34.7 4 5.7 3.6 4.9 8.4 2.4 6.7 6.2 7.2 4.1 9.9 16.4 -4.5 3.5 4.9 -1.2 23.1 34.7 24.9 19.5 8.7 4.2
-1.0 9.4 30.3 5 0.6 7.4 6.8 5.1 1.4 9.6 8.8 1.8 7.3 17.5 -0.0 -1.0 8.0 7.9 4.5 30.3 25.4 19.7 12.8 14.0
2.2 9.3 23.4 6 4.3 8.7 4.4 3.8 4.5 11.2 3.9 4.8 13.9 3.3 2.2 3.3 10.0 11.4 12.6 23.4 21.0 14.1 16.7
2.5 9.1 20.0 7 5.7 6.3 3.4 6.2 6.6 6.6 6.2 10.6 2.5 4.8 5.5 5.6 12.8 17.7 9.8 20.0 16.0 17.3
1.2 8.8 18.5 8 4.0 5.2 5.5 7.8 3.3 8.3 11.2 1.2 3.8 7.4 7.3 8.5 18.1 14.4 8.7 15.7 18.5
2.6 8.5 18.0 9 3.3 6.9 7.0 4.7 5.1 12.6 2.7 2.6 6.2 8.8 9.7 13.5 15.2 12.9 6.4 18.0
3.8 8.2 14.1 10 5.0 8.1 4.3 6.2 9.1 4.7 3.8 4.8 7.6 10.8 14.1 11.4 13.7 10.3 9.2
2.4 8.4 14.8 11 6.3 5.5 5.7 9.8 2.4 5.5 5.7 6.2 9.5 14.8 12.1 10.5 11.3 12.6
3.3 8.3 13.3 12 4.1 6.7 9.0 3.6 3.3 7.2 6.9 8.1 13.3 12.9 11.2 8.6 13.3
3.3 8.3 12.0 13 5.3 9.7 3.3 4.3 5.0 8.2 8.6 11.6 11.7 12.0 9.4 10.6
4.1 8.4 11.8 14 8.2 4.4 4.1 5.8 6.1 9.6 11.8 10.2 10.9 10.2 11.2
3.3 8.2 12.6 15 3.3 5.0 5.5 6.8 7.6 12.6 10.5 9.6 9.3 11.9
3.9 8.4 11.3 16 3.9 6.3 6.4 8.1 10.4 11.3 9.9 8.2 10.9
5.2 8.7 10.8 17 5.2 7.1 7.7 10.8 9.4 10.7 8.6 9.8
6.0 9.0 10.2 18 6.0 8.3 10.2 9.8 8.9 9.4 10.1
7.2 9.2 10.8 19 7.2 10.6 9.3 9.3 7.8 10.8
8.3 9.1 9.7 20 9.5 9.7 8.9 8.3 9.2
7.9 8.9 9.5 21 8.7 9.3 7.9 9.5
8.3 8.6 9.1 22 8.3 8.3 9.1
7.5 8.5 9.5 23 7.5 9.5
8.6 8.6 8.6 24 8.6

1 Annualized Return (also called Compounded Annual Growth Rate) is the rate that, when compounded annually, would result in the actual total return.
This measure is conservative because it is usually lower than the measure “average of the annual returns”.
This measure is useful because it removes the effect of compounding, letting you compare it to other investments with different holding periods.