Vanguard Short-Term Bond (BSV): Historical Returns

Data Source: from January 1871 to May 2023 (~152 years)
Consolidated Returns as of 31 May 2023
Live Update: Jun 02 2023
Category: Fixed Income
ETF: Vanguard Short-Term Bond (BSV)
ETF • LIVE PERFORMANCE (USD currency)
0.35%
1 Day
Jun 02 2023
0.18%
Current Month
June 2023

In the last 30 Years, the Vanguard Short-Term Bond (BSV) ETF obtained a 3.55% compound annual return, with a 2.23% standard deviation.

In 2022, the ETF granted a 1.40% dividend yield. If you are interested in getting periodic income, please refer to the Vanguard Short-Term Bond (BSV) ETF: Dividend Yield page.

The ETF is related to the following investment themes:

  • Asset Class: Bond
  • Region: North America
  • Country: U.S.
  • Bond - Duration: Short Term

The Vanguard Short-Term Bond (BSV) ETF is part of the following Lazy Portfolios:

Portfolio Name Author BSV Weight
Robo Advisor 0 Betterment 20.00%
Robo Advisor 10 Betterment 15.40%
Robo Advisor 20 Betterment 10.70%
Dimensional 2030 Retirement Income DFA 6.10%

Historical Returns as of May 31, 2023

Historical returns and Metrics of Vanguard Short-Term Bond (BSV) 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 2007, are retrieved using the historical series of equivalent ETFs / Assets.
VANGUARD SHORT-TERM BOND (BSV) ETF
Portfolio Metrics
Data Source: 1 January 1871 - 31 May 2023 (~152 years)
Swipe left to see all data
Metrics as of May 31, 2023
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~152Y)
Portfolio Return (%) -0.47 1.82 1.86 -0.07 -1.31 1.26 1.09 2.27 3.55 4.51
US Inflation (%) 0.00 0.84 1.90 3.79 5.77 3.81 2.68 2.55 2.51 2.12
Infl. Adjusted Return (%) -0.47 0.97 -0.04 -3.71 -6.69 -2.46 -1.55 -0.27 1.02 2.35
Waiting for updates, inflation of May 2023 is temporarily set to 0%. Returns / Inflation rates over 1 year are annualized.
RISK INDICATORS
Standard Deviation (%) 4.00 2.80 2.51 2.00 2.27 2.23 4.00
Sharpe Ratio -0.81 -0.83 -0.03 0.16 0.48 0.60 0.13
Sortino Ratio -1.17 -1.17 -0.03 0.22 0.73 0.89 0.20
MAXIMUM DRAWDOWN
Drawdown Depth (%) -3.39 -7.84 -7.84 -7.84 -7.84 -7.84 -12.08
Start (yyyy mm) 2022 08 2021 08 2021 08 2021 08 2021 08 2021 08 1979 07
Bottom (yyyy mm) 2022 10 2022 10 2022 10 2022 10 2022 10 2022 10 1980 02
Start to Bottom (# months) 3 15 15 15 15 15 8
Start to Recovery (# months) in progress
9
> 22
> 22
> 22
> 22
> 22
10
ROLLING PERIOD RETURNS - Annualized
Best Return (%) 34.01 19.92 17.18 12.83 9.82 8.48
Worst Return (%) -7.30 -1.31 0.46 0.74 1.38 2.01
% Positive Periods 91% 99% 100% 100% 100% 100%
MONTHS
Positive 0 2 4 6 15 36 69 158 256 1278
Negative 1 1 2 6 21 24 51 82 104 551
% Positive 0% 67% 67% 50% 42% 60% 58% 66% 71% 70%
WITHDRAWAL RATES (WR)
Safe WR (%) 30.59 20.00 9.87 5.40 4.70 4.88
Perpetual WR (%) 0.00 0.00 0.00 0.00 1.01 2.29
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 May 31, 2023

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.

Monthly correlations of Vanguard Short-Term Bond (BSV) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

VANGUARD SHORT-TERM BOND (BSV) ETF
Monthly correlations as of 31 May 2023
Swipe left to see all data
Correlation vs BSV
 
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
US Total Stock Market
VTI
0.72
0.27
0.20
0.08
0.07
US Large Cap
SPY
0.75
0.29
0.20
0.09
0.09
US Small Cap
IJR
0.47
0.13
0.06
0.01
0.00
US REITs
VNQ
0.77
0.31
0.35
0.20
0.20
US Technology
QQQ
0.75
0.37
0.28
0.03
0.02
Preferred Stocks
PFF
0.62
0.40
0.41
0.29
0.29
EAFE Stocks
EFA
0.84
0.37
0.29
0.12
0.12
World All Countries
VT
0.81
0.32
0.25
0.10
0.10
Emerging Markets
EEM
0.80
0.37
0.31
0.13
0.13
Europe
VGK
0.79
0.35
0.28
0.14
0.14
Pacific
VPL
0.87
0.39
0.29
0.12
0.12
Latin America
FLLA
0.46
0.05
0.08
0.07
0.05
US Total Bond Market
BND
0.97
0.92
0.91
0.89
0.89
Long Term Treasuries
TLT
0.90
0.76
0.75
0.69
0.69
US Cash
BIL
0.25
0.22
0.17
0.28
0.29
TIPS
TIP
0.89
0.77
0.77
0.74
0.74
Invest. Grade Bonds
LQD
0.96
0.80
0.80
0.75
0.74
High Yield Bonds
HYG
0.78
0.48
0.43
0.33
0.34
International Bonds
BNDX
0.88
0.79
0.76
0.57
0.58
Emerg. Market Bonds
EMB
0.84
0.54
0.55
0.48
0.47
Gold
GLD
0.82
0.49
0.48
0.33
0.32
Commodities
DBC
0.58
-0.14
-0.13
0.05
0.05

Capital Growth as of May 31, 2023

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

If you are interested in getting periodic income, please refer to the Vanguard Short-Term Bond (BSV) ETF: Dividend Yield page.

An investment of 1000$, since June 1993, now would be worth 2849.86$, with a total return of 184.99% (3.55% annualized).

The Inflation Adjusted Capital now would be 1354.65$, with a net total return of 35.46% (1.02% annualized).
An investment of 1000$, since January 1871, now would be worth 835218.91$, with a total return of 83421.89% (4.51% annualized).

The Inflation Adjusted Capital now would be 34341.15$, with a net total return of 3334.12% (2.35% 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.

VANGUARD SHORT-TERM BOND (BSV) ETF
Drawdown periods
Updated to May 2023

Worst drawdowns since June 1993.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-7.84% Aug 2021 Oct 2022 15 in progress 7 22
-2.53% Apr 2008 Oct 2008 7 Nov 2008 1 8
-2.18% Feb 1994 Apr 1994 3 Jan 1995 9 12
-2.06% Jan 2009 Feb 2009 2 Jul 2009 5 7
-1.41% Sep 2017 Feb 2018 6 Dec 2018 10 16
-1.38% Apr 2004 May 2004 2 Aug 2004 3 5
-1.35% Aug 2016 Nov 2016 4 Jul 2017 8 12
-1.06% May 2013 Jun 2013 2 Nov 2013 5 7
-0.96% Nov 2010 Dec 2010 2 Apr 2011 4 6
-0.93% Jul 2003 Aug 2003 2 Sep 2003 1 3
-0.85% Dec 2009 Dec 2009 1 Jan 2010 1 2
-0.81% Feb 1996 Apr 1996 3 Jun 1996 2 5
-0.69% Nov 2001 Dec 2001 2 Feb 2002 2 4
-0.64% Feb 1999 Feb 1999 1 Mar 1999 1 2
-0.64% Jan 2021 Mar 2021 3 Jul 2021 4 7
-0.62% Mar 2002 Mar 2002 1 Apr 2002 1 2
-0.52% Oct 2015 Dec 2015 3 Jan 2016 1 4
-0.48% Feb 2015 Feb 2015 1 May 2015 3 4
-0.47% Nov 2004 Nov 2004 1 Dec 2004 1 2
-0.46% Dec 2013 Dec 2013 1 Jan 2014 1 2

Worst drawdowns since January 1871.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-12.08% Jul 1979 Feb 1980 8 Apr 1980 2 10
-8.33% Apr 1971 Jul 1971 4 Apr 1972 9 13
-7.92% Jul 1895 Feb 1896 8 Dec 1896 10 18
-7.84% Aug 2021 Oct 2022 15 in progress 7 22
-6.69% Jul 1980 Oct 1980 4 Oct 1981 12 16
-6.46% Mar 1970 May 1970 3 Nov 1970 6 9
-6.29% Sep 1931 Jan 1932 5 Jul 1932 6 11
-6.05% Dec 1981 Jun 1982 7 Aug 1982 2 9
-5.84% Feb 1898 Apr 1898 3 Jul 1898 3 6
-5.36% Jun 1939 Sep 1939 4 Nov 1940 14 18
-4.93% Jul 1958 Sep 1959 15 Mar 1960 6 21
-4.68% Jul 1873 Oct 1873 4 Dec 1873 2 6
-4.40% Jun 1902 Jul 1902 2 Oct 1902 3 5
-4.29% Sep 1968 Dec 1968 4 Oct 1969 10 14
-4.28% Jul 1871 Feb 1872 8 May 1872 3 11
-3.95% Nov 1969 Dec 1969 2 Feb 1970 2 4
-3.90% Mar 1975 Apr 1975 2 Jun 1975 2 4
-3.57% Jul 1875 Jul 1875 1 Feb 1876 7 8
-3.37% Sep 1965 Aug 1966 12 Oct 1966 2 14
-3.30% Jan 1977 Jan 1977 1 May 1977 4 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.

VANGUARD SHORT-TERM BOND (BSV) ETF
Annualized Rolling Returns
Data Source: from January 1871 to May 2023
Swipe left to see all data
Rolling
Period
Annualized Return (%) Negative
Periods
Average Latest Best Worst
1 Year
4.60 -0.07 34.01
Jul 1982 - Jun 1983
-7.30
Oct 2021 - Sep 2022
8.91%
2 Years
4.61 -2.34 22.75
Oct 1981 - Sep 1983
-3.78
Nov 2020 - Oct 2022
1.50%
3 Years
4.62 -1.31 19.92
Jul 1982 - Jun 1985
-1.31
Mar 2020 - Feb 2023
0.84%
5 Years
4.61 1.26 17.18
Oct 1981 - Sep 1986
0.46
Nov 2017 - Oct 2022
0.00%
7 Years
4.60 1.00 15.11
Mar 1980 - Feb 1987
0.67
Jul 1946 - Jun 1953
0.00%
10 Years
4.62 1.09 12.83
Oct 1981 - Sep 1991
0.74
Nov 2012 - Oct 2022
0.00%
15 Years
4.66 1.81 11.02
Mar 1980 - Feb 1995
1.17
Jul 1938 - Jun 1953
0.00%
20 Years
4.68 2.27 9.82
Mar 1980 - Feb 2000
1.38
Jul 1933 - Jun 1953
0.00%
30 Years
4.70 3.55 8.48
Aug 1973 - Jul 2003
2.01
Sep 1936 - Aug 1966
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 Vanguard Short-Term Bond (BSV) 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

VANGUARD SHORT-TERM BOND (BSV) ETF
Previous vs Next Returns - 10 Years annualized
Updated to May 2023

The annualized return of the last 10 years has been 1.09% (updated at May 31, 2023).

Seasonality

Vanguard Short-Term Bond (BSV) 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
0.33
60%
-0.22
40%
0.24
60%
0.12
80%
0.40
80%
0.00
60%
0.37
100%
0.00
40%
-0.50
20%
-0.08
40%
0.37
60%
0.26
80%
 Capital Growth on monthly avg returns
100
100.33
100.12
100.36
100.48
100.87
100.87
101.24
101.24
100.74
100.66
101.03
101.29
Best 1.2
2023
1.0
2020
1.9
2023
0.8
2020
0.9
2019
0.7
2019
1.0
2022
1.1
2019
0.0
2020
0.4
2019
1.4
2022
1.0
2018
Worst -1.0
2022
-1.2
2023
-1.9
2022
-1.0
2022
-0.5
2023
-0.9
2022
0.0
2019
-1.4
2022
-1.8
2022
-0.5
2021
-0.1
2019
-0.2
2021
Monthly Seasonality over the period Jun 2018 - May 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
0.37
70%
-0.12
50%
0.21
70%
0.11
70%
0.29
80%
0.02
40%
0.27
90%
0.01
40%
-0.18
40%
-0.01
40%
0.08
50%
0.04
50%
 Capital Growth on monthly avg returns
100
100.37
100.25
100.47
100.58
100.87
100.89
101.16
101.17
100.99
100.99
101.06
101.11
Best 1.2
2023
1.0
2020
1.9
2023
0.8
2020
0.9
2019
1.0
2016
1.0
2022
1.1
2019
0.5
2015
0.4
2019
1.4
2022
1.0
2018
Worst -1.0
2022
-1.2
2023
-1.9
2022
-1.0
2022
-0.5
2023
-0.9
2022
-0.2
2014
-1.4
2022
-1.8
2022
-0.5
2021
-1.0
2016
-0.5
2013
Monthly Seasonality over the period Jun 2013 - May 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
0.28
70%
0.39
73%
0.43
76%
0.35
71%
0.44
71%
0.38
70%
0.12
64%
0.23
66%
0.39
64%
0.42
71%
0.61
71%
0.45
71%
 Capital Growth on monthly avg returns
100
100.28
100.67
101.11
101.46
101.90
102.29
102.41
102.65
103.06
103.50
104.13
104.59
Best 5.6
1968
6.7
1970
4.9
1971
12.9
1980
4.9
1981
2.8
1979
4.3
1982
5.2
1982
6.8
1982
7.8
1981
9.5
1981
5.4
1873
Worst -3.3
1977
-7.1
1980
-3.0
1898
-4.9
1970
-1.9
1971
-4.2
1982
-3.6
1875
-2.9
1980
-4.1
1939
-6.3
1979
-1.7
1933
-2.8
1981
Monthly Seasonality over the period Jan 1871 - May 2023

Monthly/Yearly Returns

Vanguard Short-Term Bond (BSV) ETF data source starts from January 1871: 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 1871 - May 2023
1278 Positive Months (70%) - 551 Negative Months (30%)
MONTHLY RETURNS TABLE
Jan 1871 - May 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
+1.84 -0.37 1.2 -1.2 1.9 0.4 -0.5
2022
-5.49 -11.22 -1.0 -0.5 -1.9 -1.0 0.8 -0.9 1.0 -1.4 -1.8 -0.2 1.4 0.0
2021
-1.09 -7.59 -0.1 -0.4 -0.2 0.3 0.2 -0.2 0.4 -0.1 -0.3 -0.5 -0.1 -0.2
2020
+4.70 +3.30 0.9 1.0 0.4 0.8 0.6 0.3 0.4 0.0 0.0 -0.1 0.2 0.2
2019
+4.98 +2.64 0.6 0.1 1.0 0.2 0.9 0.7 0.0 1.1 -0.3 0.4 -0.1 0.2
2018
+1.34 -0.56 -0.5 -0.3 0.2 -0.2 0.4 0.1 0.1 0.4 -0.2 0.1 0.4 1.0
2017
+1.20 -0.89 0.3 0.2 0.1 0.4 0.2 -0.1 0.3 0.3 -0.3 0.0 -0.3 0.0
2016
+1.33 -0.73 0.8 0.3 0.4 0.1 -0.2 1.0 0.2 -0.3 0.2 -0.3 -1.0 0.1
2015
+0.92 +0.19 1.0 -0.5 0.4 0.0 0.1 -0.1 0.1 -0.1 0.5 -0.1 -0.3 -0.1
2014
+1.37 +0.61 0.5 0.2 -0.3 0.3 0.4 0.0 -0.2 0.4 -0.1 0.4 0.3 -0.3
2013
+0.15 -1.33 0.0 0.2 0.0 0.3 -0.5 -0.5 0.4 -0.3 0.5 0.3 0.2 -0.5
2012
+1.65 -0.09 0.6 0.0 -0.2 0.5 0.1 0.1 0.5 0.2 0.1 0.0 0.2 -0.4
2011
+2.95 -0.02 0.4 -0.2 -0.1 0.9 0.6 0.0 0.6 0.6 -0.3 0.2 -0.1 0.2
2010
+3.89 +2.36 1.0 0.3 -0.3 0.5 0.4 1.0 0.7 0.5 0.3 0.5 -0.4 -0.6
2009
+1.53 -1.16 -1.1 -1.0 0.4 0.4 0.7 0.0 0.9 0.6 0.5 0.2 0.8 -0.9
2008
+8.50 +8.40 2.3 0.8 0.2 -0.6 -0.8 0.2 0.4 0.4 -0.2 -2.0 4.3 3.4
2007
+5.86 +1.71 0.2 1.0 0.3 0.5 -0.2 0.2 0.7 0.4 0.8 0.6 1.2 0.0
2006
+4.99 +2.39 0.2 0.2 0.1 0.3 0.2 0.3 0.8 0.9 0.7 0.5 0.7 0.1
2005
+2.20 -1.18 0.0 -0.2 -0.2 0.7 0.5 0.4 -0.3 0.7 -0.2 -0.1 0.4 0.4
2004
+2.11 -1.11 0.4 0.7 0.5 -1.1 -0.3 0.1 0.5 0.8 0.2 0.4 -0.5 0.5
2003
+4.20 +2.28 0.3 0.7 0.4 0.6 0.9 0.3 -0.8 -0.2 1.3 -0.2 0.1 0.6
2002
+5.22 +2.78 0.5 0.4 -0.6 0.7 1.0 -0.4 0.2 1.0 1.1 -0.3 0.3 1.3
2001
+8.14 +6.48 1.6 0.7 0.8 -0.1 0.7 0.6 1.5 0.9 0.9 0.9 -0.5 -0.2
2000
+8.17 +4.63 0.2 0.6 0.7 -0.4 0.2 1.4 0.9 0.8 1.1 0.0 1.1 1.3
1999
+3.31 +0.60 0.7 -0.6 0.9 0.5 -0.3 0.1 0.1 0.2 0.7 0.4 0.4 0.2
1998
+6.57 +4.88 1.1 0.0 0.4 0.6 0.6 0.4 0.5 1.0 1.3 -0.3 0.3 0.4
1997
+6.95 +5.16 0.5 0.2 -0.2 0.9 0.7 0.7 1.5 0.0 0.9 0.7 0.2 0.7
1996
+4.79 +1.42 0.8 -0.5 -0.2 -0.1 0.1 0.9 0.3 0.2 1.1 1.4 1.0 -0.2
1995
+12.74 +9.95 1.5 1.7 0.6 1.0 2.1 0.5 0.4 0.7 0.5 1.0 1.1 0.9
1994
-0.08 -2.68 0.8 -0.8 -0.9 -0.4 0.2 0.3 0.9 0.3 -0.3 0.1 -0.4 0.2
1993
+7.07 +4.20 1.7 1.0 0.3 0.8 -0.3 0.9 0.1 1.1 0.5 0.3 -0.1 0.5
1992
+7.19 +4.17 -0.2 0.2 -0.1 0.9 1.2 1.6 1.5 1.0 1.1 -1.2 -0.1 1.1
1991
+13.08 +9.72 1.0 0.7 0.8 1.3 0.7 0.3 0.9 1.5 1.4 1.1 1.1 1.8
1990
+9.23 +2.94 -0.1 0.6 0.3 0.1 1.6 1.1 1.3 0.0 0.9 0.9 1.1 1.1
1989
+11.45 +6.51 1.0 0.1 0.3 1.6 1.3 2.0 1.8 -0.8 0.6 1.6 0.9 0.4
1988
+6.95 +2.42 1.5 1.1 0.1 0.4 -0.1 1.1 0.1 0.2 1.4 1.0 -0.1 0.2
1987
+4.45 +0.01 1.0 0.6 -0.1 -1.3 -0.3 1.4 0.1 0.2 -0.5 1.6 0.7 0.8
1986
+11.42 +10.21 0.7 1.9 1.6 0.5 -0.1 1.6 0.8 1.7 -0.2 1.1 0.8 0.4
1985
+14.90 +10.69 1.4 -0.5 1.3 2.0 2.8 1.1 0.2 0.9 0.9 1.2 1.3 1.6
1984
+14.23 +9.89 1.6 0.1 0.1 0.3 -1.3 0.7 2.4 1.3 1.8 3.1 1.9 1.5
1983
+9.11 +5.12 1.2 1.8 0.2 1.9 0.0 -0.3 -1.0 0.4 2.1 1.0 0.9 0.7
1982
+23.54 +18.99 -1.0 0.4 -1.0 1.6 0.8 -4.2 4.3 5.2 6.8 6.7 -0.7 2.9
1981
+11.70 +2.55 0.2 -2.5 3.3 -3.5 4.9 -0.3 -2.4 -1.9 -0.3 7.8 9.5 -2.8
1980
+7.74 -4.25 -3.1 -7.1 2.3 12.9 4.7 2.5 -2.4 -2.9 -0.1 -1.5 0.3 3.2
1979
+7.03 -5.53 2.5 -0.3 1.6 -0.4 3.0 2.8 -0.2 -0.3 -0.1 -6.3 3.3 1.5
1978
+2.90 -5.61 -0.1 0.3 0.2 0.4 -0.2 -0.3 1.4 2.1 -0.1 -1.6 1.7 -0.8
1977
+3.54 -2.96 -3.3 0.5 1.1 0.7 1.4 2.1 -0.7 1.8 -0.1 -0.6 1.3 -0.7
1976
+10.81 +5.67 0.0 0.5 1.0 0.2 -1.7 1.0 0.3 1.7 1.1 1.2 3.3 1.8
1975
+8.51 +1.47 0.0 1.4 -2.9 -1.1 2.8 1.5 -0.7 0.8 -0.8 4.7 -0.6 3.4
1974
+6.41 -5.28 0.1 0.7 -2.0 -0.9 1.8 0.0 -0.9 -0.6 2.0 1.9 1.8 2.5
1973
+4.51 -3.86 -0.3 -0.1 0.0 0.9 -1.0 0.6 -2.7 2.0 3.2 2.0 0.8 -0.8
1972
+3.47 +0.06 -0.9 1.0 0.0 0.5 1.3 -0.1 0.8 -1.6 -0.2 1.6 1.6 -0.3
1971
+8.21 +4.78 3.4 -0.1 4.9 -3.8 -1.9 -2.1 -0.8 4.7 2.4 1.3 -0.2 0.6
1970
+15.15 +9.07 1.3 6.7 -1.0 -4.9 -0.6 2.3 2.6 -0.5 1.8 0.0 6.8 0.2
1969
+1.64 -4.29 0.9 0.6 0.8 1.8 -1.5 -0.1 1.6 -0.1 -3.5 5.2 -1.3 -2.7
1968
+4.25 -0.45 5.6 0.2 -1.2 0.5 -0.6 2.0 2.3 0.1 -0.2 -0.6 -1.0 -2.5
1967
+2.79 -0.24 1.8 -0.7 2.6 -1.3 0.7 -2.2 1.4 0.1 0.6 -1.5 0.2 1.2
1966
+5.10 +1.58 0.4 -2.2 2.8 -0.3 0.3 -0.9 -0.2 -2.0 3.1 0.8 -0.8 4.2
1965
+1.82 -0.10 0.6 0.2 0.6 0.4 0.3 0.7 0.3 0.0 -0.2 0.0 -0.1 -0.9
1964
+3.89 +2.90 0.3 0.1 0.0 0.5 0.6 0.7 0.0 0.2 0.6 0.5 0.0 0.3
1963
+2.12 +0.47 0.2 -0.2 0.3 0.4 0.3 0.1 0.4 0.2 0.0 -0.3 1.0 -0.1
1962
+4.69 +3.31 -0.1 1.1 1.4 0.2 -0.1 -0.6 -0.1 0.9 0.4 0.4 0.2 0.8
1961
+2.34 +1.66 0.3 0.8 0.7 0.0 0.9 -1.1 0.0 -0.6 0.8 0.8 0.2 -0.6
1960
+9.87 +8.39 0.0 2.1 2.2 0.0 -0.4 1.9 2.3 1.0 0.2 -0.6 -0.1 0.9
1959
+0.73 -0.98 0.5 1.0 0.2 -0.6 -1.0 0.3 0.0 0.3 -1.5 1.7 0.5 -0.7
1958
+0.52 -1.22 1.5 0.8 1.1 1.3 0.1 0.0 -1.4 -2.3 -1.3 0.2 1.0 -0.5
1957
+6.40 +3.40 0.3 1.3 -0.3 -0.3 -0.7 -1.3 -0.7 0.4 0.5 -0.1 2.5 4.7
1956
+0.64 -2.27 0.5 1.0 -0.5 -1.3 1.5 1.1 -0.4 -1.3 0.1 0.9 -0.7 -0.3
1955
-0.17 -0.55 -0.6 -0.1 0.1 -0.4 0.2 0.1 -0.7 -0.3 0.3 1.1 0.2 -0.3
1954
+2.64 +3.41 1.1 0.3 1.0 0.9 -0.6 0.1 0.9 -0.4 0.0 -0.3 -0.3 -0.1
1953
+3.35 +2.58 -0.7 -0.3 -0.2 -0.3 -1.6 -0.2 1.9 0.2 1.0 2.2 0.1 1.1
1952
+1.89 +1.13 0.2 -0.2 0.2 1.2 0.6 -0.2 -0.3 -0.6 -0.7 1.5 0.3 0.0
1951
+0.50 -5.19 0.7 -0.3 -1.1 -0.6 -0.5 0.2 1.2 1.3 -1.0 0.0 -0.1 0.6
1950
+0.48 -5.15 -0.6 0.1 0.1 -0.1 0.2 -0.2 0.3 0.3 0.0 -0.2 0.1 0.4
1949
+2.52 +4.70 0.4 0.1 0.3 0.1 0.1 0.7 0.2 0.6 -0.3 0.0 0.0 0.4
1948
+1.75 -1.20 0.1 0.3 0.2 0.2 0.9 -0.8 -0.1 -0.1 0.4 -0.3 0.6 0.4
1947
+0.65 -7.53 0.7 0.5 0.3 0.1 0.4 0.0 0.4 0.6 -0.1 -0.6 -0.6 -1.1
1946
+0.97 -14.52 0.7 0.4 0.4 -1.2 0.1 0.5 -0.2 -0.3 -0.3 0.4 -0.5 1.0
1945
+2.20 -0.05 1.1 0.4 0.3 1.0 -0.2 0.3 -0.4 0.0 0.1 0.4 0.3 -1.3
1944
+1.54 -0.74 0.1 0.5 0.1 0.0 0.1 0.0 0.1 0.4 0.0 0.0 0.1 0.0
1943
+1.98 -0.95 0.5 0.1 0.0 0.4 0.6 0.3 0.0 0.0 0.2 0.0 -0.1 0.1
1942
+0.58 -7.75 0.2 -0.6 0.8 -0.5 0.3 0.0 -0.2 0.1 0.0 0.2 -0.1 0.4
1941
+1.55 -7.62 0.1 -0.7 1.4 0.8 0.0 1.0 1.2 -0.6 0.0 0.5 -0.3 -1.6
1940
+1.92 +1.19 -0.3 -0.2 0.7 -0.7 -1.8 1.2 0.5 0.0 0.6 0.4 1.3 0.3
1939
+1.44 +1.44 0.0 0.4 0.8 0.6 1.2 -0.3 0.2 -1.2 -4.1 2.1 1.0 0.9
1938
+2.57 +5.50 0.3 0.4 -0.1 0.9 0.4 -0.1 0.2 0.2 -0.6 1.1 -0.3 0.3
1937
+1.15 -1.66 0.6 0.3 -2.1 -0.4 0.6 0.0 1.0 -0.6 0.4 0.2 0.7 0.3
1936
+2.07 +0.61 0.1 0.5 0.4 0.1 0.1 -0.2 0.0 0.6 -0.3 -0.1 1.0 -0.1
1935
+1.98 -0.98 1.4 0.6 0.0 0.4 0.1 0.1 0.2 -1.3 -0.2 0.4 0.0 0.2
1934
+3.81 +2.26 0.4 1.6 1.0 0.4 0.5 0.4 0.2 -1.0 -1.6 1.5 -0.1 0.5
1933
+2.49 +1.71 1.4 -0.4 -0.6 0.4 1.3 1.1 0.4 0.2 0.5 0.1 -1.7 -0.2
1932
+9.28 +21.80 -2.3 1.6 2.0 2.4 -0.3 0.3 1.9 1.4 0.6 0.2 0.2 1.1
1931
-0.03 +10.24 0.7 -0.4 0.7 0.6 1.3 0.7 0.3 0.2 -0.1 -2.6 0.5 -1.9
1930
+7.83 +15.19 0.0 0.7 1.6 -0.1 1.0 1.0 0.5 0.5 0.7 0.8 0.7 0.3
1929
+5.53 +4.92 -0.2 -0.4 -0.6 1.2 0.4 0.0 0.8 -0.2 0.5 1.1 2.6 0.3
1928
+0.62 +1.80 0.2 0.2 0.4 0.0 -0.1 -0.2 -0.8 -0.2 0.4 0.2 1.0 -0.3
1927
+4.72 +7.15 0.5 0.4 1.0 0.3 0.4 -0.1 -0.1 0.5 0.3 0.2 0.6 0.6
1926
+4.20 +5.37 0.4 0.7 0.2 0.3 0.4 0.2 0.1 0.0 0.2 0.3 0.7 0.7
1925
+2.44 -0.99 0.1 0.2 0.0 0.4 0.6 0.8 0.1 -0.4 0.1 0.3 0.3 0.0
1924
+6.94 +6.94 0.7 0.5 0.3 0.7 1.0 1.7 0.6 0.5 0.2 0.7 0.0 -0.2
1923
+4.06 +1.66 0.4 0.3 -0.1 0.3 0.5 0.6 0.4 0.3 0.3 0.0 0.6 0.5
1922
+5.22 +7.71 0.5 -0.1 1.1 1.4 0.5 0.5 1.1 0.5 -0.2 -0.6 0.1 0.4
1921
+12.16 +25.78 1.7 0.0 0.4 0.6 0.3 0.2 0.5 0.7 1.1 2.6 1.8 1.7
1920
+2.15 -0.48 0.2 -0.5 0.2 -1.0 -1.8 0.8 0.3 -0.2 2.4 3.2 -0.5 -1.0
1919
+3.43 -9.70 0.4 -0.1 0.2 0.5 0.9 0.3 0.2 0.0 0.9 0.6 -0.3 -0.2
1918
+5.11 -12.72 0.6 0.8 0.6 0.5 0.4 1.4 0.5 0.5 0.1 0.0 0.9 -1.2
1917
+0.27 -15.10 0.1 1.0 -1.7 0.2 -1.4 -0.3 0.7 0.4 1.5 0.0 0.5 -0.6
1916
+2.68 -8.83 0.0 1.2 0.7 0.0 0.4 -0.6 -0.4 0.4 0.4 0.2 -0.4 0.7
1915
+5.48 +3.43 0.6 0.4 1.2 0.7 0.2 0.1 -0.8 1.4 -0.3 0.0 0.7 1.2
1914
+6.77 +5.71 1.6 1.0 0.2 -0.1 0.6 0.4 0.2 0.7 0.7 0.7 0.7 0.0
1913
+5.30 +2.14 0.6 0.8 0.4 0.3 1.2 0.4 -1.8 0.2 0.2 -0.1 1.8 1.5
1912
+1.90 -5.04 0.2 0.3 0.5 0.5 0.1 -0.1 0.1 -0.3 0.3 0.1 0.2 0.0
1911
+4.11 +6.30 0.5 1.5 0.5 0.1 -1.0 0.8 0.5 -0.2 0.4 0.5 0.3 0.4
1910
+5.40 +14.09 -0.2 0.5 0.1 0.5 0.3 0.7 0.6 0.7 0.9 0.5 0.5 0.3
1909
+1.45 -8.21 0.5 0.5 0.5 0.5 0.5 0.5 -0.2 -0.9 -0.4 0.6 -0.6 0.1
1908
+11.40 +7.82 0.8 1.2 2.7 2.3 0.7 -0.2 0.6 0.3 0.3 0.7 0.6 0.9
1907
+2.54 +4.76 0.1 0.9 1.9 1.1 0.3 0.3 1.0 -0.4 -0.2 0.4 -1.5 -1.3
1906
+2.72 -2.68 0.4 -0.4 0.4 1.3 -0.8 -0.3 0.3 0.8 0.7 0.1 0.1 0.1
1905
+1.18 +1.19 0.2 0.1 1.7 0.1 -0.4 0.7 0.1 0.4 1.0 0.1 -1.0 -1.8
1904
+6.29 +1.53 0.5 -0.2 0.9 0.6 0.4 1.0 0.5 0.0 1.0 0.7 0.0 0.7
1903
+4.37 +10.44 0.4 0.8 1.4 -1.0 1.1 -0.3 -0.3 0.4 1.0 0.6 -0.2 0.3
1902
+2.14 -4.65 0.6 0.4 0.4 0.3 0.2 -2.3 -2.1 0.5 4.0 1.0 -0.5 -0.3
1901
+2.87 -2.02 0.5 0.1 -0.2 0.9 -0.3 0.5 -0.2 -0.8 0.8 1.2 0.1 0.2
1900
+4.66 +8.63 0.1 0.5 1.1 -1.5 1.0 0.1 -0.3 -0.7 0.9 0.2 2.0 1.2
1899
-0.17 -14.56 0.3 -1.0 -0.1 0.4 -0.6 0.5 -1.0 -0.1 -0.4 -0.4 0.2 2.1
1898
+4.48 +2.94 0.5 -1.9 -3.0 -1.2 1.8 2.0 3.0 0.8 0.5 0.6 0.1 1.3
1897
+5.47 +5.47 1.8 0.3 0.4 0.4 -1.2 1.2 0.8 -0.6 -0.1 1.2 0.6 0.6
1896
+5.50 +7.07 -3.0 0.0 1.6 1.4 -0.1 0.7 -1.7 -1.5 3.2 1.6 2.7 0.7
1895
-0.25 -3.04 -2.3 4.7 0.4 0.7 0.5 1.1 -0.4 -1.8 0.0 -4.4 2.5 -0.9
1894
+5.26 +12.78 -0.8 1.3 0.7 0.5 -0.1 0.8 0.1 0.5 0.8 0.0 1.0 0.4
1893
+7.72 +16.45 -0.1 0.1 1.2 0.3 0.2 -1.0 -0.5 1.2 1.9 0.2 2.2 1.8
1892
+2.18 +0.97 -0.2 0.5 0.8 -0.8 1.3 1.1 -0.6 0.0 -0.6 0.3 0.5 0.0
1891
+7.24 +12.67 -0.4 1.1 1.4 1.3 0.9 0.9 -3.0 0.7 1.7 -0.1 1.0 1.7
1890
+3.44 +2.14 -0.6 -1.2 -0.1 0.2 0.7 0.8 0.9 1.5 1.7 -0.8 0.6 -0.2
1889
+2.36 +8.68 -0.4 1.3 1.2 -0.4 0.6 0.4 -0.6 0.1 0.3 -0.5 0.2 0.4
1888
+6.18 +6.20 0.5 1.4 -1.0 0.2 1.6 1.1 0.1 0.7 1.1 -0.6 0.2 0.7
1887
+4.10 -1.93 -0.4 1.2 0.8 0.7 0.6 0.6 -0.7 0.0 -0.9 0.9 1.5 -0.3
1886
+1.17 +6.10 -0.6 1.6 0.5 -0.6 -0.4 0.3 -0.4 -0.4 0.8 0.5 -0.4 0.4
1885
+5.34 +6.62 -0.6 0.7 0.6 -0.1 0.5 1.0 0.3 0.6 0.6 0.5 0.3 1.0
1884
+5.01 +17.06 0.2 0.5 0.9 -0.1 -1.7 -0.5 0.4 0.9 1.0 0.7 1.5 1.2
1883
+6.01 +14.74 -0.8 0.2 0.6 0.3 -0.1 0.5 -0.5 0.5 1.4 0.7 1.3 1.7
1882
+4.25 +6.22 0.0 0.3 0.9 1.2 1.0 -0.3 -0.5 0.4 0.1 -0.6 0.4 1.3
1881
+3.61 -3.21 0.4 0.3 0.3 0.8 1.9 0.6 -1.4 -0.9 0.8 -0.8 0.6 1.1
1880
+5.33 +7.44 0.0 1.9 0.5 -0.1 0.7 0.9 -0.8 0.9 -0.7 -1.3 2.4 0.9
1879
+2.89 -13.23 -0.8 0.3 -0.5 0.7 2.3 -0.6 -0.8 -0.2 0.7 0.1 0.9 0.7
1878
+6.77 +24.13 0.7 0.7 0.0 -0.1 2.5 -0.4 -0.2 0.9 0.7 -0.1 0.9 0.9
1877
+3.58 +17.08 -1.5 0.4 0.1 1.5 2.2 -0.5 0.8 -0.1 -1.6 0.5 1.3 0.4
1876
+6.73 +8.61 -0.5 2.1 0.8 0.8 1.1 2.0 -0.9 -0.8 -0.6 0.4 1.4 0.9
1875
+4.79 +10.26 -1.1 1.1 0.5 1.7 1.7 1.5 -3.6 0.3 0.2 0.7 0.9 1.0
1874
+15.19 +21.91 -0.2 3.1 1.7 1.8 1.1 1.4 -2.3 1.2 0.8 1.2 2.2 2.5
1873
+7.74 +14.47 -1.0 0.9 1.5 1.4 2.1 1.8 -1.9 0.4 -1.6 -1.7 0.4 5.4
1872
+4.05 +1.72 -2.7 -0.2 0.7 2.3 2.3 1.4 -2.0 0.2 -1.1 1.5 0.7 1.0
1871
+2.88 +1.34 -0.6 1.7 0.5 1.0 1.1 0.6 -1.8 0.3 0.8 -0.9 0.0 0.3

ETF Returns, up to December 2007, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets.