iShares MSCI EAFE Value (EFV): Historical Returns

Data Source: from January 1975 to April 2023 (~48 years)
Consolidated Returns as of 30 April 2023
Live Update: May 30 2023, 03:59PM Eastern Time
Category: Stocks
ETF: iShares MSCI EAFE Value (EFV)
ETF • LIVE PERFORMANCE (USD currency)
0.85%
1 Day
May 30 2023, 03:59PM Eastern Time
3.91%
Current Month
May 2023

In the last 30 Years, the iShares MSCI EAFE Value (EFV) ETF obtained a 5.64% compound annual return, with a 17.15% standard deviation.

In 2022, the ETF granted a 3.83% dividend yield. If you are interested in getting periodic income, please refer to the iShares MSCI EAFE Value (EFV) ETF: Dividend Yield page.

The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Large Cap
  • Style: Value
  • Region: Developed Markets
  • Country: EAFE

The iShares MSCI EAFE Value (EFV) ETF is part of the following Lazy Portfolios:

Portfolio Name Author EFV Weight
Ultimate Buy&Hold FundAdvice 6.00%
Robust Alpha Architect 7.50%
Ultimate Buy and Hold Strategy Paul Merriman 10.00%
Simple Money Portfolio Tim Maurer 15.00%
Big Rocks Portfolio Larry Swedroe 6.00%
Sheltered Sam 100/0 Bill Bernstein 7.00%
Sheltered Sam 90/10 Bill Bernstein 6.30%
Sheltered Sam 80/20 Bill Bernstein 5.60%
Sheltered Sam 70/30 Bill Bernstein 4.90%
Sheltered Sam 60/40 Bill Bernstein 4.20%
Sheltered Sam 50/50 Bill Bernstein 3.50%
Sheltered Sam 40/60 Bill Bernstein 2.80%
Sheltered Sam 30/70 Bill Bernstein 2.10%
Sheltered Sam 20/80 Bill Bernstein 1.40%
Sheltered Sam 10/90 Bill Bernstein 0.70%

Historical Returns as of Apr 30, 2023

Historical returns and Metrics of iShares MSCI EAFE Value (EFV) ETF.

Returns and metrics are calculated based on monthly returns, assuming:
  • No fees or capital gain taxes
  • the reinvestment of dividends

ETF Returns, up to December 2005, are retrieved using the historical series of equivalent ETFs / Assets.
ISHARES MSCI EAFE VALUE (EFV) ETF
Portfolio Metrics
Data Source: 1 January 1975 - 30 April 2023 (~48 years)
Swipe left to see all data
Metrics as of Apr 30, 2023
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~48Y)
Portfolio Return (%) 3.48 1.17 23.03 9.85 14.18 1.76 3.29 6.63 5.64 10.01
US Inflation (%) 0.51 1.40 1.80 4.93 5.77 3.90 2.69 2.54 2.51 3.72
Infl. Adjusted Return (%) 2.96 -0.23 20.86 4.69 7.95 -2.06 0.58 3.99 3.05 6.06
Returns / Inflation rates over 1 year are annualized.
RISK INDICATORS
Standard Deviation (%) 22.21 18.73 19.37 16.20 18.18 17.15 16.79
Sharpe Ratio 0.32 0.71 0.02 0.16 0.30 0.20 0.36
Sortino Ratio 0.44 1.07 0.03 0.22 0.40 0.27 0.49
MAXIMUM DRAWDOWN
Drawdown Depth (%) -19.73 -23.58 -30.15 -33.18 -59.70 -59.70 -59.70
Start (yyyy mm) 2022 06 2021 06 2018 05 2018 02 2007 11 2007 11 2007 11
Bottom (yyyy mm) 2022 09 2022 09 2020 03 2020 03 2009 02 2009 02 2009 02
Start to Bottom (# months) 4 16 23 26 16 16 16
Start to Recovery (# months) in progress
8
23
35
40
120
120
120
ROLLING PERIOD RETURNS - Annualized
Best Return (%) 85.04 65.01 45.85 26.16 16.86 14.52
Worst Return (%) -51.32 -17.56 -9.23 -0.48 3.34 4.20
% Positive Periods 69% 81% 89% 98% 100% 100%
MONTHS
Positive 1 1 3 6 20 32 65 139 204 346
Negative 0 2 3 6 16 28 55 101 156 234
% Positive 100% 33% 50% 50% 56% 53% 54% 58% 57% 60%
WITHDRAWAL RATES (WR)
Safe WR (%) 42.42 17.97 10.56 10.08 6.04 10.56
Perpetual WR (%) 7.37 0.00 0.58 3.83 2.96 5.71
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the ETF
  • Standard Deviation: it's a measure of the dispersion of returns around the mean
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the ETF. It's calculated by dividing the excess return of the ETF over the risk-free rate by the ETF standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the ETF. It's a modification of the Sharpe Ratio (same formula but the denominator is the ETF downside standard deviation).
  • Maximum Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
  • Rolling Returns: returns over a time frame (best, worst, % of positive returns).
  • Pos./Neg. Months: number of months with positive/negative return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
  • Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).

Correlations as of Apr 30, 2023

Monthly correlations of iShares MSCI EAFE Value (EFV) ETF vs the main Asset Classes, over different timeframes.

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.

Asset correlations are calculated based on monthly returns.

Columns are sortable (click on table header to sort).

ISHARES MSCI EAFE VALUE (EFV) ETF
Monthly correlations as of 30 April 2023
Swipe left to see all data
Correlation vs EFV
 
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
US Total Stock Market
VTI
0.82
0.81
0.80
0.79
0.78
US Large Cap
SPY
0.83
0.80
0.79
0.78
0.77
US Small Cap
IJR
0.77
0.81
0.74
0.72
0.71
US REITs
VNQ
0.82
0.71
0.57
0.61
0.60
US Technology
QQQ
0.69
0.64
0.66
0.56
0.55
Preferred Stocks
PFF
0.71
0.67
0.59
0.49
0.49
EAFE Stocks
EFA
0.97
0.96
0.97
0.96
0.94
World All Countries
VT
0.91
0.89
0.90
0.91
0.90
Emerging Markets
EEM
0.82
0.81
0.79
0.77
0.76
Europe
VGK
0.98
0.96
0.95
0.94
0.93
Pacific
VPL
0.93
0.90
0.88
0.84
0.81
Latin America
FLLA
0.71
0.73
0.69
0.69
0.69
US Total Bond Market
BND
0.76
0.32
0.25
0.12
0.12
Long Term Treasuries
TLT
0.61
-0.10
-0.13
-0.17
-0.17
US Cash
BIL
0.19
-0.09
-0.05
-0.03
-0.03
TIPS
TIP
0.74
0.38
0.33
0.17
0.16
Invest. Grade Bonds
LQD
0.82
0.54
0.47
0.32
0.32
High Yield Bonds
HYG
0.82
0.75
0.73
0.67
0.67
International Bonds
BNDX
0.70
0.32
0.23
0.14
0.14
Emerg. Market Bonds
EMB
0.90
0.74
0.68
0.56
0.56
Gold
GLD
0.54
0.15
0.09
0.13
0.13
Commodities
DBC
0.81
0.68
0.58
0.44
0.44

Capital Growth as of Apr 30, 2023

Capital growth, returns, stats are calculated assuming a reinvestment of dividends.

If you are interested in getting periodic income, please refer to the iShares MSCI EAFE Value (EFV) ETF: Dividend Yield page.

An investment of 1000$, since May 1993, now would be worth 5192.21$, with a total return of 419.22% (5.64% annualized).

The Inflation Adjusted Capital now would be 2464.63$, with a net total return of 146.46% (3.05% annualized).
An investment of 1000$, since January 1975, now would be worth 100382.78$, with a total return of 9938.28% (10.01% annualized).

The Inflation Adjusted Capital now would be 17173.70$, with a net total return of 1617.37% (6.06% annualized).

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

ISHARES MSCI EAFE VALUE (EFV) ETF
Drawdown periods
Updated to April 2023

Worst drawdowns since May 1993.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-59.70% Nov 2007 Feb 2009 16 Oct 2017 104 120
-33.18% Feb 2018 Mar 2020 26 May 2021 14 40
-29.03% Jul 2000 Mar 2003 33 Oct 2003 7 40
-23.58% Jun 2021 Sep 2022 16 Apr 2023 7 23
-17.81% Aug 1998 Sep 1998 2 Apr 1999 7 9
-12.50% Aug 1997 Dec 1997 5 Mar 1998 3 8
-10.95% Sep 1994 Feb 1995 6 Jul 1995 5 11
-10.01% Jan 2000 Feb 2000 2 Jun 2000 4 6
-5.47% Mar 2005 Apr 2005 2 Jul 2005 3 5
-5.05% May 1999 May 1999 1 Jul 1999 2 3
-4.84% Feb 1994 Mar 1994 2 Aug 1994 5 7
-4.74% Aug 1995 Oct 1995 3 Dec 1995 2 5
-4.68% Dec 1996 Jan 1997 2 May 1997 4 6
-4.16% Jun 2007 Aug 2007 3 Oct 2007 2 5
-3.88% May 2006 May 2006 1 Aug 2006 3 4
-3.69% Jul 2004 Jul 2004 1 Sep 2004 2 3
-3.35% Nov 1993 Nov 1993 1 Dec 1993 1 2
-3.27% May 1996 Jul 1996 3 Nov 1996 4 7
-3.01% Apr 2004 Apr 2004 1 Jun 2004 2 3
-1.53% Oct 2005 Oct 2005 1 Nov 2005 1 2

Worst drawdowns since January 1975.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-59.70% Nov 2007 Feb 2009 16 Oct 2017 104 120
-33.18% Feb 2018 Mar 2020 26 May 2021 14 40
-29.29% Sep 1989 Oct 1990 14 Oct 1993 36 50
-29.03% Jul 2000 Mar 2003 33 Oct 2003 7 40
-23.70% Dec 1981 Jul 1982 8 Jan 1983 6 14
-23.58% Jun 2021 Sep 2022 16 Apr 2023 7 23
-22.38% Sep 1987 Nov 1987 3 Jul 1988 8 11
-17.81% Aug 1998 Sep 1998 2 Apr 1999 7 9
-12.50% Aug 1997 Dec 1997 5 Mar 1998 3 8
-11.89% Jul 1975 Sep 1975 3 Jan 1976 4 7
-11.61% Feb 1980 Mar 1980 2 Jul 1980 4 6
-10.95% Sep 1994 Feb 1995 6 Jul 1995 5 11
-10.34% Feb 1976 Nov 1976 10 Jun 1977 7 17
-10.01% Jan 2000 Feb 2000 2 Jun 2000 4 6
-9.16% Sep 1979 Oct 1979 2 Jan 1980 3 5
-8.62% Dec 1983 May 1984 6 Aug 1984 3 9
-7.84% Aug 1981 Sep 1981 2 Nov 1981 2 4
-7.68% Dec 1980 Jan 1981 2 Jul 1981 6 8
-5.68% Oct 1978 Oct 1978 1 Dec 1978 2 3
-5.47% Mar 2005 Apr 2005 2 Jul 2005 3 5

Rolling Returns ( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

ISHARES MSCI EAFE VALUE (EFV) ETF
Annualized rolling and average Returns
Data Source: from January 1975 to April 2023
Swipe left to see all data
Rolling
Period
Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
11.45 85.04
Feb 1986 - Jan 1987
-51.32
Mar 2008 - Feb 2009
30.93%
2 Years
10.68 76.14
Oct 1985 - Sep 1987
-32.77
Mar 2007 - Feb 2009
21.36%
3 Years
10.36 65.01
Aug 1984 - Jul 1987
-17.56
Mar 2006 - Feb 2009
19.27%
5 Years
9.99 45.85
Aug 1982 - Jul 1987
-9.23
Jun 2007 - May 2012
10.75%
7 Years
9.87 36.45
Aug 1982 - Jul 1989
-1.64
Nov 2013 - Oct 2020
2.41%
10 Years
10.05 26.16
Sep 1977 - Aug 1987
-0.48
Jan 2007 - Dec 2016
1.95%
15 Years
9.39 22.20
Jan 1975 - Dec 1989
-0.75
Oct 2007 - Sep 2022
0.50%
20 Years
9.26 16.86
Jan 1975 - Dec 1994
3.34
Apr 2000 - Mar 2020
0.00%
30 Years
9.33 14.52
Jun 1977 - May 2007
4.20
Apr 1990 - Mar 2020
0.00%
(*) Annualized rolling and average returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the iShares MSCI EAFE Value (EFV) ETF: Rolling Returns page.

Previous vs subsequent Returns

Considering all 10-year rolling periods, is there a relationship between past and future returns, at a given date?

In the following chart, we show how past returns (x-axis) and subsequent returns (y-axis) are related.

Neighboring data is aggregated and occurrences are indicated. It is possible to zoom by clicking or drawing the desired area

ISHARES MSCI EAFE VALUE (EFV) ETF
Previous vs Next Returns - 10 Years annualized
Updated to April 2023

The annualized return of the last 10 years has been 3.29% (updated at Apr 30, 2023).

Seasonality

iShares MSCI EAFE Value (EFV) ETF: in which months is it better to invest?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
2.39
60%
-1.31
40%
-2.98
40%
1.48
80%
0.39
60%
-0.95
40%
0.39
40%
-1.20
40%
-1.58
40%
0.41
60%
5.10
80%
1.49
60%
 Capital Growth on monthly avg returns
100
102.39
101.05
98.04
99.49
99.88
98.93
99.32
98.13
96.58
96.97
101.92
103.44
Best 8.2
2023
4.9
2021
3.5
2021
4.9
2020
4.6
2020
5.3
2019
3.0
2018
5.3
2020
5.0
2019
7.2
2022
17.9
2020
5.2
2021
Worst -4.2
2020
-8.1
2020
-18.8
2020
-5.3
2022
-6.2
2019
-9.6
2022
-2.8
2019
-4.6
2022
-8.9
2022
-7.1
2018
-5.9
2021
-5.4
2018
Monthly Seasonality over the period May 2018 - Apr 2023
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.89
50%
-0.25
50%
-0.80
40%
2.16
90%
0.06
50%
-1.33
40%
1.41
60%
-1.42
30%
-0.52
50%
1.23
70%
2.37
60%
0.77
60%
 Capital Growth on monthly avg returns
100
100.89
100.64
99.83
101.99
102.05
100.70
102.12
100.66
100.14
101.37
103.77
104.57
Best 8.2
2023
6.4
2015
7.2
2016
4.9
2020
4.6
2020
5.3
2019
5.9
2013
5.3
2020
8.2
2013
7.2
2022
17.9
2020
5.2
2021
Worst -6.7
2016
-8.1
2020
-18.8
2020
-5.3
2022
-6.2
2019
-9.6
2022
-2.8
2019
-7.6
2015
-8.9
2022
-7.1
2018
-5.9
2021
-5.4
2018
Monthly Seasonality over the period May 2013 - Apr 2023
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
1.06
57%
0.41
53%
1.19
67%
2.58
76%
0.73
58%
0.53
54%
0.87
56%
0.18
56%
-0.91
50%
0.54
54%
1.54
63%
2.23
71%
 Capital Growth on monthly avg returns
100
101.06
101.48
102.69
105.34
106.11
106.67
107.60
107.79
106.81
107.39
109.05
111.48
Best 15.4
1987
11.2
1986
9.0
2009
16.7
2009
13.1
2009
9.0
2012
12.6
2010
12.1
1982
8.9
2010
11.1
1982
17.9
2020
11.9
1991
Worst -15.3
2009
-11.5
2009
-18.8
2020
-5.3
2022
-11.7
2012
-9.8
2008
-10.3
2002
-13.1
1998
-12.7
2001
-19.8
2008
-6.8
2008
-5.4
2018
Monthly Seasonality over the period Jan 1975 - Apr 2023

Monthly/Yearly Returns

iShares MSCI EAFE Value (EFV) ETF data source starts from January 1975: let's focus on monthly and yearly returns.

We are providing two different views:
  • Histogram: it shows the distribution of the returns recorded so far
  • Plain Table: it shows the detailed monthly and yearly returns
MONTHLY RETURNS HISTOGRAM
Jan 1975 - Apr 2023
346 Positive Months (60%) - 234 Negative Months (40%)
MONTHLY RETURNS TABLE
Jan 1975 - Apr 2023
(Scroll down to see all data)
Swipe left to see all data
Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2023
+9.46 +7.09 8.2 -2.2 0.0 3.5
2022
-5.18 -10.93 2.1 -2.9 0.6 -5.3 3.8 -9.6 2.1 -4.6 -8.9 7.2 12.6 -0.2
2021
+10.87 +3.58 -0.6 4.9 3.5 1.8 3.9 -2.4 -0.3 0.7 -2.1 2.2 -5.9 5.2
2020
-2.97 -4.28 -4.2 -8.1 -18.8 4.9 4.6 3.3 -0.2 5.3 -3.9 -3.7 17.9 4.5
2019
+15.78 +13.19 6.5 1.7 -0.2 2.5 -6.2 5.3 -2.8 -3.5 5.0 3.5 0.5 3.3
2018
-14.66 -16.26 5.7 -5.3 -1.3 2.3 -4.1 -1.4 3.0 -3.8 2.0 -7.1 0.4 -5.4
2017
+21.25 +18.75 2.9 0.3 3.1 2.2 2.1 0.8 3.1 -0.5 3.0 0.7 0.7 1.1
2016
+5.05 +2.92 -6.7 -3.6 7.2 3.2 -1.1 -4.0 4.1 2.1 1.2 0.1 -0.6 3.9
2015
-5.86 -6.54 0.0 6.4 -1.9 3.9 -0.2 -3.2 1.4 -7.6 -5.6 6.2 -1.7 -2.7
2014
-6.80 -7.50 -4.9 6.2 -0.3 2.5 1.2 1.1 -2.4 -0.3 -4.1 -0.8 -0.8 -3.9
2013
+21.84 +20.03 4.8 -2.7 0.2 6.3 -3.3 -3.1 5.9 -1.9 8.2 4.0 0.4 1.9
2012
+18.83 +16.79 4.9 5.1 -0.1 -3.3 -11.7 9.0 -0.4 4.3 3.0 1.5 2.0 4.7
2011
-12.42 -14.94 4.1 3.7 -3.3 6.0 -3.6 -1.0 -3.3 -9.3 -9.6 9.3 -2.0 -2.2
2010
+4.47 +2.93 -5.0 -0.2 6.1 -2.9 -11.7 -3.0 12.6 -3.8 8.9 4.2 -6.7 8.7
2009
+28.36 +24.96 -15.3 -11.5 9.0 16.7 13.1 -1.4 10.1 6.7 3.3 -3.6 3.7 -0.4
2008
-41.67 -41.72 -8.2 -2.2 1.4 5.6 -0.1 -9.8 -3.0 -3.5 -11.6 -19.8 -6.8 8.7
2007
+4.23 +0.14 0.7 0.1 1.9 3.9 2.1 -0.4 -2.7 -1.1 3.6 4.5 -4.7 -3.2
2006
+30.34 +27.11 5.9 0.1 3.3 5.2 -3.9 0.4 1.3 3.0 0.8 4.3 2.9 4.0
2005
+15.27 +11.46 -1.0 4.0 -2.5 -3.0 0.1 1.6 4.4 3.3 2.8 -1.5 1.8 4.9
2004
+28.80 +24.74 2.5 3.0 1.6 -3.0 1.0 4.1 -3.7 1.3 3.2 3.8 7.4 5.0
2003
+49.93 +47.16 -3.4 -2.0 -2.5 10.9 7.6 3.2 4.5 2.6 3.8 7.9 2.1 7.5
2002
-8.52 -10.65 -2.2 1.1 6.2 3.4 3.3 -2.8 -10.3 -0.1 -11.9 2.8 6.0 -2.6
2001
-15.26 -16.55 0.2 -3.1 -6.1 5.2 -0.8 -1.9 -2.1 1.4 -12.7 0.6 3.6 0.4
2000
-0.16 -3.43 -7.7 -2.5 5.5 -2.6 1.8 7.0 -3.3 0.8 -2.9 -0.8 -0.1 5.5
1999
+16.30 +13.26 -2.0 -2.6 6.1 5.9 -5.1 4.5 3.6 1.0 0.4 -0.5 -0.3 4.9
1998
+14.87 +13.04 6.0 6.5 4.4 0.3 0.9 -1.0 1.1 -13.1 -5.4 10.0 4.4 1.9
1997
-3.14 -4.77 -3.3 0.9 0.3 -0.5 7.6 4.3 1.4 -6.5 3.6 -5.2 -4.3 -0.4
1996
+7.81 +4.35 1.0 0.5 1.4 3.9 -0.9 0.3 -2.7 0.4 1.7 -1.0 4.5 -1.4
1995
+11.53 +8.77 -4.0 -0.2 5.9 3.1 -0.7 -1.0 5.6 -3.5 0.6 -1.9 2.7 4.9
1994
+1.64 -1.00 6.3 -1.8 -3.1 4.2 -1.6 -1.2 3.5 3.2 -5.1 2.5 -4.6 0.2
1993
+28.20 +24.77 0.1 2.6 6.3 2.3 0.2 -0.8 3.3 4.2 -0.9 3.8 -3.4 7.7
1992
-0.37 -3.18 2.6 -0.4 -2.5 5.1 3.0 -2.9 -4.9 -0.6 0.2 -3.0 0.1 3.4
1991
+9.91 +6.65 2.7 5.6 0.9 -1.3 3.0 -6.4 3.5 1.0 -3.4 -0.1 -6.3 11.9
1990
-21.94 -26.43 -8.3 -0.4 1.0 -4.3 8.6 -2.3 -2.0 -11.8 -7.6 -2.6 5.7 1.3
1989
+14.45 +9.37 5.9 -3.8 0.9 4.0 2.9 -1.9 8.4 0.8 -1.6 -3.8 1.0 1.5
1988
+29.82 +24.33 5.3 5.6 -2.0 2.0 1.8 5.3 0.6 -2.2 4.9 3.4 -0.5 2.5
1987
+30.35 +24.82 15.4 5.7 4.5 0.7 2.6 6.2 6.0 4.9 -0.7 -17.6 -5.1 7.9
1986
+67.67 +65.85 4.6 11.2 8.6 2.1 8.0 4.4 -1.9 8.8 -3.9 7.0 4.5 0.6
1985
+61.25 +55.34 10.1 3.6 2.2 1.9 7.6 3.3 1.7 1.3 -0.8 5.5 7.5 5.5
1984
+2.75 -1.15 -0.8 -3.6 1.3 0.4 -5.7 1.9 -1.8 11.1 -0.3 0.0 -1.3 2.4
1983
+25.39 +20.81 3.8 2.8 3.8 7.8 -0.6 4.0 -2.9 2.1 1.5 -1.1 2.5 -0.4
1982
-1.00 -4.65 -3.3 -7.1 -2.8 2.3 -5.1 -3.9 -4.8 12.1 -0.9 11.1 3.1 0.2
1981
+5.72 -2.94 -3.5 3.0 4.6 -1.3 1.5 0.1 0.9 -4.3 -3.8 5.7 4.9 -1.7
1980
+19.01 +5.77 4.9 -0.6 -11.1 3.3 4.7 1.9 6.0 0.4 1.9 1.2 11.1 -4.3
1979
+3.52 -8.63 2.9 -4.1 4.6 -0.8 -2.9 3.1 0.0 5.4 -0.9 -8.3 4.5 0.8
1978
+34.40 +23.28 -3.6 0.8 4.9 10.3 3.3 0.6 7.0 4.9 1.3 -5.7 4.0 3.2
1977
+22.16 +14.48 -2.5 1.2 1.3 2.5 1.1 6.4 1.0 1.1 2.2 -1.2 4.9 2.5
1976
+3.69 -1.12 10.5 -2.4 1.2 -2.6 -2.7 3.8 -2.3 -1.4 1.2 -4.0 -1.4 4.7
1975
+36.68 +27.81 12.3 6.5 2.5 5.2 5.7 5.0 -6.7 -2.0 -3.6 6.5 3.2 -1.3

ETF Returns, up to December 2005, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets.