| Year | Long Backtest
Total Return | S&P 500 Index
Total Return | Long Backtest
Excess Return |
| 1996 | 35.705.661.500.000.100,00% | 21.816.810.465.505.100,00% | 1.388.885.103.449.500,00% |
| 1997 | 66.593.138.105.737.600,00% | 31.783.787.546.568.500,00% | 34.809.350.559.169.100,00% |
| 1998 | 4.123.070.188.289.300,00% | 24.137.810.147.416.900,00% | 17.092.891.735.476.100,00% |
| 1999 | 69.143.416.857.258.100,00% | 20.902.757.130.583.900,00% | 48.240.659.726.674.200,00% |
| 2000 | 12.730.804.942.448.600,00% | -7.460.252.031.447.700,00% | 20.191.056.973.896.300,00% |
| 2001 | -148.180.422.348.497,00% | -11.457.700.552.986.100,00% | 9.975.896.329.501.100,00% |
| 2002 | -436.931.251.634.862,00% | -21.540.600.998.837.200,00% | 17.171.288.482.488.600,00% |
| 2003 | 51.997.538.861.001.400,00% | 3.105.634.989.138.300,00% | 20.941.188.969.618.400,00% |
| 2004 | 16.154.416.568.890.100,00% | 11.947.343.272.976.800,00% | 420.707.329.591.328,00% |
| 2005 | 36.217.418.530.280.400,00% | 611.970.406.278.661,00% | 30.097.714.467.493.700,00% |
| 2006 | 19.117.701.571.285.400,00% | 15.715.199.009.538.300,00% | 3.402.502.561.747.100,00% |
| 2007 | 34.048.139.448.070.100,00% | 514.125.893.193.942,00% | 28.906.880.516.130.700,00% |
| 2008 | -20.433.665.411.974.900,00% | -37.307.110.213.059.700,00% | 16.873.444.801.084.800,00% |
| 2009 | 73.651.985.827.303.200,00% | 28.340.148.339.951.100,00% | 45.311.837.487.352.100,00% |
| 2010 | 29.022.484.380.332.400,00% | 16.929.611.125.737.200,00% | 12.092.873.254.595.200,00% |
| 2011 | 832.225.387.295.433,00% | 102.616.745.649.902,00% | 729.608.641.645.532,00% |
| 2012 | 13.739.350.354.220.700,00% | 16.415.309.162.426.500,00% | -267.595.880.820.575,00% |
| 2013 | 46.399.824.292.557.900,00% | 33.551.381.417.040.700,00% | 12.848.442.875.517.200,00% |
| 2014 | 14.374.372.963.089.800,00% | 12.557.201.175.378.800,00% | 181.717.178.771.099,00% |
| 2015 | -866.640.824.004.251,00% | 47.875.211.012.748,90% | -91.451.603.501.700,00% |
| 2016 | 1.901.262.914.582.800,00% | 818.137.152.579.705,00% | 1.083.125.762.003.100,00% |
| Average Linked Annual Ret. | 23.608.675.473.960.600,00% | 832.029.264.987.784,00% | 15.288.382.824.082.700,00% |
| Average Annual Return | 26.310.030.891.061.900,00% | 992.072.852.263.454,00% | 16.389.302.368.427.400,00% |
| Longitudinal Std.Dev. | 25.862.057.981.517.200,00% | 18.180.451.237.162.500,00% | 14.677.035.706.039.600,00% |
| Sharpe Ratio (20-yr) | 91,00 | 45,00 | 84,00 |
| T-Stat for the Mean Return | 443.440.216.310.443,00 | 237.856.874.465.646,00 | 486.742.106.580.209,00 |
| Probability Total (Excess) Ret < 0 | 345.200,00% | 207.200,00% | 367.800,00% |