Vanguard Total International Bond (BNDX): Historical Returns

Data Source: from January 1985 to April 2023 (~38 years)
Consolidated Returns as of 30 April 2023
Live Update: May 30 2023, 03:59PM Eastern Time
Category: Fixed Income
ETF: Vanguard Total International Bond (BNDX)
ETF • LIVE PERFORMANCE (USD currency)
0.79%
1 Day
May 30 2023, 03:59PM Eastern Time
0.25%
Current Month
May 2023

In the last 30 Years, the Vanguard Total International Bond (BNDX) ETF obtained a 4.95% compound annual return, with a 4.56% standard deviation.

In 2022, the ETF granted a 1.31% dividend yield. If you are interested in getting periodic income, please refer to the Vanguard Total International Bond (BNDX) ETF: Dividend Yield page.

The ETF is related to the following investment themes:

  • Asset Class: Bond
  • Region: Developed Markets
  • Country: Broad Developed Markets
  • Bond - Duration: All-Term

The Vanguard Total International Bond (BNDX) ETF is part of the following Lazy Portfolios:

Portfolio Name Author BNDX Weight
Rob Arnott Portfolio Rob Arnott 20.00%
Edge Select Conservative Merrill Lynch 12.00%
Edge Select Moderately Conservative Merrill Lynch 9.00%
Robo Advisor 80 Betterment 7.20%
Five Asset Roger Gibson 6.00%
Robo Advisor 90 Betterment 2.90%
Edge Select Moderate Merrill Lynch 2.00%
Edge Select Moderately Aggressive Merrill Lynch 1.00%
Edge Select Aggressive Merrill Lynch 1.00%
Dimensional 2030 Retirement Income DFA 6.10%
Conservative Income Charles Schwab 5.00%
Robo Advisor 10 Betterment 4.90%
Robo Advisor 20 Betterment 9.80%
Robo Advisor 50 Betterment 18.40%
Developed World ex-US 80/20 20.00%
Developed World ex-US 60/40 40.00%
Developed World ex-US 40/60 60.00%
Developed World ex-US 20/80 80.00%
Total Bond Developed World ex-US 100.00%
GAA Global Asset Allocation Mebane Faber 14.40%
All Country World 80/20 7.00%
All Country World 60/40 14.00%
All Country World 40/60 21.00%
All Country World 20/80 28.00%
All Country World Bonds 35.00%
Developed World ex-US 60/40 Momentum 40.00%
Developed World ex-US 40/60 Momentum 60.00%
LifeStrategy Income Fund Vanguard 24.00%
LifeStrategy Conservative Growth Vanguard 18.00%
Six Ways from Sunday Scott Burns 16.66%
Four Square Scott Burns 25.00%
Five Fold Scott Burns 20.00%
Seven Value Scott Burns 14.25%
Simple and Cheap Time Inc 10.00%
LifeStrategy Moderate Growth Vanguard 12.00%
Tilt Toward Value Time Inc 10.00%
LifeStrategy Growth Fund Vanguard 6.00%
Global Market Portfolio Credit Suisse 16.00%
Dedalo Four Dedalo Invest 20.00%

Historical Returns as of Apr 30, 2023

Historical returns and Metrics of Vanguard Total International Bond (BNDX) 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 2013, are retrieved using the historical series of equivalent ETFs / Assets.
VANGUARD TOTAL INTERNATIONAL BOND (BNDX) ETF
Portfolio Metrics
Data Source: 1 January 1985 - 30 April 2023 (~38 years)
Swipe left to see all data
Metrics as of Apr 30, 2023
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~38Y)
Portfolio Return (%) 0.21 1.23 3.22 -2.12 -3.06 0.36 1.61 3.84 4.95 6.62
US Inflation (%) 0.51 1.40 1.80 4.93 5.77 3.90 2.69 2.54 2.51 2.80
Infl. Adjusted Return (%) -0.30 -0.17 1.40 -6.72 -8.35 -3.41 -1.06 1.27 2.38 3.72
Returns / Inflation rates over 1 year are annualized.
RISK INDICATORS
Standard Deviation (%) 7.94 5.49 5.02 4.13 4.06 4.56 5.08
Sharpe Ratio -0.62 -0.72 -0.18 0.21 0.66 0.60 0.52
Sortino Ratio -0.89 -1.01 -0.25 0.28 0.87 0.84 0.74
MAXIMUM DRAWDOWN
Drawdown Depth (%) -6.40 -14.88 -14.88 -14.88 -14.88 -14.88 -14.88
Start (yyyy mm) 2022 08 2021 01 2021 01 2021 01 2021 01 2021 01 2021 01
Bottom (yyyy mm) 2022 09 2022 09 2022 09 2022 09 2022 09 2022 09 2022 09
Start to Bottom (# months) 2 21 21 21 21 21 21
Start to Recovery (# months) in progress
> 9
> 28
> 28
> 28
> 28
> 28
> 28
ROLLING PERIOD RETURNS - Annualized
Best Return (%) 31.75 17.37 13.50 11.30 9.35 8.24
Worst Return (%) -13.01 -4.28 -0.21 1.47 3.70 4.87
% Positive Periods 88% 97% 99% 100% 100% 100%
MONTHS
Positive 1 2 4 6 16 33 73 160 244 317
Negative 0 1 2 6 20 27 47 80 116 143
% Positive 100% 67% 67% 50% 44% 55% 61% 67% 68% 69%
WITHDRAWAL RATES (WR)
Safe WR (%) 30.05 20.02 10.57 6.47 5.64 7.25
Perpetual WR (%) 0.00 0.00 0.00 1.25 2.32 3.59
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 Vanguard Total International Bond (BNDX) 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).

VANGUARD TOTAL INTERNATIONAL BOND (BNDX) ETF
Monthly correlations as of 30 April 2023
Swipe left to see all data
Correlation vs BNDX
 
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
US Total Stock Market
VTI
0.87
0.49
0.38
0.15
0.15
US Large Cap
SPY
0.88
0.50
0.39
0.15
0.15
US Small Cap
IJR
0.67
0.34
0.24
0.11
0.11
US REITs
VNQ
0.85
0.54
0.56
0.27
0.28
US Technology
QQQ
0.94
0.56
0.43
0.10
0.10
Preferred Stocks
PFF
0.69
0.61
0.58
0.36
0.36
EAFE Stocks
EFA
0.85
0.48
0.36
0.17
0.17
World All Countries
VT
0.88
0.50
0.39
0.16
0.16
Emerging Markets
EEM
0.69
0.42
0.33
0.16
0.15
Europe
VGK
0.82
0.46
0.35
0.16
0.17
Pacific
VPL
0.84
0.46
0.36
0.19
0.18
Latin America
FLLA
0.49
0.28
0.22
0.09
0.09
US Total Bond Market
BND
0.89
0.88
0.87
0.66
0.67
Long Term Treasuries
TLT
0.80
0.68
0.72
0.50
0.51
US Cash
BIL
0.05
0.09
0.02
0.06
0.07
TIPS
TIP
0.91
0.84
0.79
0.61
0.63
Invest. Grade Bonds
LQD
0.91
0.88
0.85
0.68
0.68
High Yield Bonds
HYG
0.86
0.68
0.59
0.38
0.38
Emerg. Market Bonds
EMB
0.80
0.69
0.67
0.36
0.36
Gold
GLD
0.57
0.41
0.39
0.23
0.23
Commodities
DBC
0.47
-0.07
-0.13
0.08
0.08

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 Vanguard Total International Bond (BNDX) ETF: Dividend Yield page.

An investment of 1000$, since May 1993, now would be worth 4266.12$, with a total return of 326.61% (4.95% annualized).

The Inflation Adjusted Capital now would be 2025.04$, with a net total return of 102.50% (2.38% annualized).
An investment of 1000$, since January 1985, now would be worth 11686.10$, with a total return of 1068.61% (6.62% annualized).

The Inflation Adjusted Capital now would be 4056.35$, with a net total return of 305.64% (3.72% annualized).
Readings that may interest you

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 TOTAL INTERNATIONAL BOND (BNDX) 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
-14.88% Jan 2021 Sep 2022 21 in progress 7 28
-10.03% Mar 2008 Nov 2008 9 Jul 2009 8 17
-8.68% Feb 1994 Aug 1994 7 Jul 1995 11 18
-8.31% Dec 1996 Apr 1997 5 Sep 1998 17 22
-4.24% May 2013 Aug 2013 4 May 2014 9 13
-3.17% May 1999 Aug 1999 4 Mar 2000 7 11
-3.03% Oct 2016 Jan 2017 4 Nov 2017 10 14
-2.91% Mar 2020 Mar 2020 1 Jul 2020 4 5
-2.88% Apr 2015 Jun 2015 3 Jan 2016 7 10
-2.34% Jun 2003 Aug 2003 3 Jan 2004 5 8
-2.26% Nov 1998 Nov 1998 1 Dec 1998 1 2
-1.97% Nov 2010 Dec 2010 2 May 2011 5 7
-1.82% Jan 1996 Jan 1996 1 Jul 1996 6 7
-1.68% Sep 2019 Dec 2019 4 Jan 2020 1 5
-1.62% Mar 2007 Jun 2007 4 Aug 2007 2 6
-1.51% Feb 1999 Feb 1999 1 Apr 1999 2 3
-1.11% Nov 2001 Mar 2002 5 Apr 2002 1 6
-1.06% Dec 2006 Jan 2007 2 Feb 2007 1 3
-1.02% Sep 2005 Oct 2005 2 Dec 2005 2 4
-0.89% Apr 2004 May 2004 2 Aug 2004 3 5

Worst drawdowns since January 1985.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-14.88% Jan 2021 Sep 2022 21 in progress 7 28
-10.03% Mar 2008 Nov 2008 9 Jul 2009 8 17
-8.68% Feb 1994 Aug 1994 7 Jul 1995 11 18
-8.31% Dec 1996 Apr 1997 5 Sep 1998 17 22
-4.82% Apr 1987 Sep 1987 6 Dec 1987 3 9
-4.24% May 2013 Aug 2013 4 May 2014 9 13
-3.70% Feb 1985 Feb 1985 1 Apr 1985 2 3
-3.57% Dec 1989 Apr 1990 5 Jun 1990 2 7
-3.35% May 1986 May 1986 1 Jul 1986 2 3
-3.17% May 1999 Aug 1999 4 Mar 2000 7 11
-3.03% Oct 2016 Jan 2017 4 Nov 2017 10 14
-2.91% Mar 2020 Mar 2020 1 Jul 2020 4 5
-2.88% Apr 2015 Jun 2015 3 Jan 2016 7 10
-2.76% Aug 1990 Aug 1990 1 Nov 1990 3 4
-2.34% Jun 2003 Aug 2003 3 Jan 2004 5 8
-2.26% Nov 1998 Nov 1998 1 Dec 1998 1 2
-2.20% Jan 1992 Jan 1992 1 May 1992 4 5
-2.18% Aug 1989 Sep 1989 2 Nov 1989 2 4
-1.97% Nov 2010 Dec 2010 2 May 2011 5 7
-1.82% Jan 1996 Jan 1996 1 Jul 1996 6 7

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 TOTAL INTERNATIONAL BOND (BNDX) ETF
Annualized rolling and average Returns
Data Source: from January 1985 to April 2023
Swipe left to see all data
Rolling
Period		 Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
 6.76 31.75
Mar 1985 - Feb 1986 		-13.01
Oct 2021 - Sep 2022 		12.47%
2 Years
 6.65 22.63
Mar 1985 - Feb 1987 		-7.67
Jan 2021 - Dec 2022 		4.35%
3 Years
 6.68 17.37
Oct 1990 - Sep 1993 		-4.28
Mar 2020 - Feb 2023 		3.06%
5 Years
 6.71 13.50
Jan 1989 - Dec 1993 		-0.21
Jan 2018 - Dec 2022 		0.75%
7 Years
 6.75 13.10
Jan 1985 - Dec 1991 		0.58
Mar 2016 - Feb 2023 		0.00%
10 Years
 6.67 11.30
Mar 1985 - Feb 1995 		1.47
Jan 2013 - Dec 2022 		0.00%
15 Years
 6.61 9.89
Mar 1985 - Feb 2000 		3.31
Mar 2008 - Feb 2023 		0.00%
20 Years
 6.58 9.35
Mar 1985 - Feb 2005 		3.70
Mar 2003 - Feb 2023 		0.00%
30 Years
 6.70 8.24
Mar 1985 - Feb 2015 		4.87
Mar 1993 - Feb 2023 		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 Total International Bond (BNDX) 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 TOTAL INTERNATIONAL BOND (BNDX) ETF
Previous vs Next Returns - 10 Years annualized
Updated to April 2023

The annualized return of the last 10 years has been 1.61% (updated at Apr 30, 2023).

Seasonality

Vanguard Total International Bond (BNDX) 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
0.65
60%
-0.71
40%
-0.17
40%
-0.18
60%
0.16
40%
0.27
80%
1.41
100%
-0.53
40%
-0.75
20%
0.00
60%
0.78
80%
-0.45
40%
 Capital Growth on monthly avg returns
100
100.65
99.94
99.77
99.59
99.74
100.01
101.42
100.89
100.13
100.14
100.92
100.46
Best 2.4
2023 		0.7
2020 		2.6
2023 		1.9
2020 		1.3
2019 		1.6
2019 		3.2
2022 		2.1
2019 		0.9
2020 		0.5
2022 		2.4
2022 		1.2
2018
Worst -1.4
2022 		-1.7
2021 		-2.9
2020 		-3.0
2022 		-0.7
2022 		-1.7
2022 		0.1
2018 		-3.6
2022 		-2.9
2022 		-0.5
2019 		-0.5
2019 		-2.7
2022
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
0.62
60%
-0.08
60%
0.18
60%
-0.12
50%
0.02
50%
0.01
60%
1.04
100%
-0.16
50%
-0.29
40%
0.14
70%
0.43
80%
-0.10
50%
 Capital Growth on monthly avg returns
100
100.62
100.54
100.72
100.60
100.62
100.63
101.67
101.51
101.21
101.35
101.79
101.69
Best 2.4
2023 		1.3
2016 		2.6
2023 		1.9
2020 		1.3
2019 		1.9
2016 		3.2
2022 		2.1
2019 		0.9
2020 		0.8
2013 		2.4
2022 		1.2
2018
Worst -1.4
2022 		-1.7
2021 		-2.9
2020 		-3.0
2022 		-2.3
2013 		-2.0
2013 		0.1
2018 		-3.6
2022 		-2.9
2022 		-1.3
2016 		-1.2
2016 		-2.7
2022
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
0.58
69%
0.32
69%
0.26
64%
0.20
64%
0.52
66%
0.48
61%
0.96
79%
0.63
71%
0.46
68%
0.71
79%
0.47
71%
0.99
66%
 Capital Growth on monthly avg returns
100
100.58
100.90
101.16
101.36
101.89
102.38
103.36
104.02
104.49
105.24
105.73
106.78
Best 3.4
1988 		4.6
1986 		3.7
1985 		2.5
1995 		4.6
1985 		2.7
1989 		3.2
2022 		3.8
1985 		6.4
1998 		4.1
1998 		3.9
1995 		5.3
1992
Worst -4.3
1997 		-3.7
1985 		-2.9
2020 		-3.1
1987 		-3.4
1986 		-2.0
2013 		-2.5
1997 		-3.6
2022 		-4.6
2008 		-3.1
2008 		-2.5
1997 		-2.7
2022
Monthly Seasonality over the period Jan 1985 - Apr 2023

Monthly/Yearly Returns

Vanguard Total International Bond (BNDX) ETF data source starts from January 1985: 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 1985 - Apr 2023
317 Positive Months (69%) - 143 Negative Months (31%)
MONTHLY RETURNS TABLE
Jan 1985 - 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
 +3.62 +1.38 2.4 -1.5 2.6 0.2
2022
 -12.76 -18.05 -1.4 -1.3 -2.2 -3.0 -0.7 -1.7 3.2 -3.6 -2.9 0.5 2.4 -2.7
2021
 -2.28 -8.70 -0.6 -1.7 0.0 -0.2 0.0 0.4 1.5 -0.4 -1.1 -0.4 1.1 -0.7
2020
 +4.65 +3.25 1.9 0.7 -2.9 1.9 0.4 0.5 0.9 -0.8 0.9 0.3 0.4 0.4
2019
 +7.87 +5.46 1.0 0.2 1.8 0.2 1.3 1.6 1.2 2.1 -0.4 -0.5 -0.5 -0.3
2018
 +2.81 +0.88 -0.6 0.3 1.2 -0.1 -0.2 0.6 0.1 0.1 -0.2 0.1 0.5 1.2
2017
 +2.40 +0.28 -1.0 0.9 0.0 0.5 0.7 -0.5 0.2 0.9 -0.4 0.6 0.2 0.3
2016
 +4.61 +2.49 1.3 1.3 0.7 -0.3 0.7 1.9 0.8 0.1 0.0 -1.3 -1.2 0.4
2015
 +1.19 +0.46 1.8 -0.2 0.5 -1.0 -0.5 -1.4 1.3 -0.7 0.8 0.6 0.2 -0.1
2014
 +8.74 +7.92 1.4 0.5 0.3 0.6 0.7 0.6 0.5 1.4 -0.1 0.6 0.9 1.0
2013
 -0.81 -2.28 -0.3 0.8 0.6 1.0 -2.3 -2.0 0.5 -0.6 0.6 0.8 0.3 -0.2
2012
 +9.54 +7.66 1.3 0.1 0.4 1.2 0.5 0.3 1.8 0.8 1.5 0.2 0.8 0.3
2011
 +8.60 +5.47 0.3 0.5 0.0 1.0 0.9 -0.4 2.1 0.7 0.7 0.4 -0.6 2.6
2010
 +8.53 +6.93 2.0 0.4 0.6 1.5 0.9 1.5 0.4 2.9 0.1 0.0 -1.1 -0.9
2009
 +15.30 +12.24 1.2 -0.8 0.5 1.5 1.6 1.7 3.1 2.4 1.8 0.8 0.8 -0.3
2008
 -2.35 -2.44 2.7 1.4 -1.1 -1.0 -0.9 -0.8 0.9 0.6 -4.6 -3.1 -0.3 4.3
2007
 +4.99 +0.88 -0.3 1.2 -0.1 0.0 -1.2 -0.4 1.6 0.2 1.0 0.9 1.0 0.9
2006
 +2.94 +0.39 -0.2 0.2 -0.5 -0.2 0.3 0.0 1.0 1.2 0.6 0.4 0.9 -0.8
2005
 +4.98 +1.52 0.7 -0.3 0.7 1.2 0.7 0.8 -0.3 0.9 -0.3 -0.7 0.4 1.1
2004
 +6.11 +2.76 0.5 1.1 0.6 -0.8 -0.1 0.1 0.4 1.3 0.3 0.8 0.9 0.8
2003
 +3.93 +2.02 1.1 1.5 -0.4 0.5 1.6 -0.4 -2.0 0.0 1.7 -1.0 0.2 1.1
2002
 +9.29 +6.75 0.5 0.5 -1.0 1.5 0.3 0.9 0.9 1.1 1.6 0.0 0.5 2.1
2001
 +10.83 +9.14 2.1 0.9 1.6 -0.6 0.4 -0.3 2.9 1.0 0.7 2.8 -0.7 -0.4
2000
 +9.20 +5.62 -0.4 1.2 1.4 0.2 0.4 1.1 0.8 0.3 1.2 0.3 1.2 1.2
1999
 +0.29 -2.33 2.2 -1.5 0.7 1.0 -1.5 -1.2 -0.1 -0.4 0.5 0.3 -0.1 0.5
1998
 +17.11 +15.25 0.6 1.7 -1.8 2.1 0.1 -0.2 -0.1 2.9 6.4 4.1 -2.3 2.8
1997
 -4.84 -6.43 -4.3 -0.9 -0.9 -2.1 3.2 1.3 -2.5 0.1 2.7 2.1 -2.5 -1.1
1996
 +4.66 +1.29 -1.8 0.0 0.1 0.1 0.0 0.4 2.6 0.7 -0.1 1.8 1.3 -0.5
1995
 +21.23 +18.23 0.7 0.7 0.1 2.5 3.9 -0.6 1.9 1.9 1.4 1.7 3.9 1.5
1994
 -7.29 -9.71 0.1 -2.7 -1.7 -0.9 -1.5 -1.8 0.6 -1.0 0.2 0.4 1.5 -0.7
1993
 +16.41 +13.30 0.8 2.2 0.4 0.0 0.9 2.4 1.6 2.4 0.4 1.5 0.3 2.5
1992
 +11.90 +8.74 -2.2 0.8 -0.7 0.3 2.6 2.0 2.7 0.6 0.9 -1.6 0.9 5.3
1991
 +21.42 +17.81 1.3 1.6 1.0 1.6 0.5 -0.4 1.7 3.0 2.9 0.9 0.6 5.2
1990
 +7.20 +1.03 -2.0 -0.2 0.4 -1.6 3.5 2.1 1.3 -2.8 0.1 1.5 3.1 1.9
1989
 +11.10 +6.17 1.2 -0.1 0.6 1.5 1.9 2.7 2.0 -1.9 -0.3 2.2 1.0 -0.2
1988
 +8.79 +4.18 3.4 1.2 -0.6 -0.3 -0.3 1.8 -0.2 0.4 1.7 1.4 -0.4 0.3
1987
 +3.47 -0.92 1.9 0.8 0.3 -3.1 -0.5 1.3 0.0 -0.5 -2.1 3.6 0.6 1.3
1986
 +16.37 +15.10 0.1 4.6 3.2 0.6 -3.4 2.7 1.5 3.1 -1.7 1.8 -1.1 4.1
1985
 +24.95 +20.38 3.1 -3.7 3.7 0.5 4.6 1.6 -0.7 3.8 1.1 2.3 2.6 4.0

ETF Returns, up to December 2013, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets.