| Year | Long Backtest
Total Return | S&P 500 Index
Total Return | Long Backtest
Excess Return |
| 1996 | 35.10% | 22.96% | 12.14% |
| 1997 | 48.37% | 33.36% | 15.00% |
| 1998 | 25.37% | 28.58% | -3.21% |
| 1999 | 103.39% | 21.04% | 82.34% |
| 2000 | 37.85% | -9.10% | 46.96% |
| 2001 | 8.56% | -11.88% | 20.44% |
| 2002 | 7.86% | -22.10% | 29.96% |
| 2003 | 53.13% | 28.69% | 24.44% |
| 2004 | 27.36% | 10.88% | 16.48% |
| 2005 | 50.61% | 4.93% | 45.68% |
| 2006 | 20.70% | 15.80% | 4.90% |
| 2007 | 26.52% | 5.50% | 21.03% |
| 2008 | -29.77% | -37.00% | 7.23% |
| 2009 | 39.98% | 26.45% | 13.53% |
| 2010 | 16.93% | 15.05% | 1.87% |
| 2011 | -1.13% | 2.11% | -3.25% |
| Compounded Average Annual Return | 26.33% | 6.47% | 19.30% |
| Cummulative Annual Return | 29.43% | 8.45% | 20.97% |
| Standard Deviation | 29.05% | 20.02% | 22.09% |
| Information Ratio | N/A | N/A | 0.87 |
| T-Stat for the Mean Return | 3.79 | 1.58 | 3.55 |
| Probability Total (Excess) Ret < 0 | 34.43% | 16.33% | 32.86% |