| Year | Long Backtest
Total Return | S&P Growth Index
Total Return | Long Backtest
Excess Return |
| 1996 | 27.88% | 18.97% | 8.91% |
| 1997 | 38.16% | 30.01% | 8.15% |
| 1998 | 23.17% | 38.63% | -15.46% |
| 1999 | 55.69% | 59.61% | -3.91% |
| 2000 | -15.93% | -8.29% | -7.64% |
| 2001 | -3.39% | -17.75% | 14.35% |
| 2002 | -5.33% | -31.88% | 26.55% |
| 2003 | 37.15% | 42.34% | -5.19% |
| 2004 | 3.68% | 16.26% | -12.58% |
| 2005 | 30.07% | 7.31% | 22.76% |
| 2006 | 9.67% | 7.43% | 2.24% |
| 2007 | 25.02% | 6.64% | 18.38% |
| 2008 | -41.16% | -38.99% | -2.17% |
| 2009 | 56.24% | 50.85% | 5.39% |
| 2010 | 18.75% | 27.65% | -8.90% |
| 2011 | -9.27% | 0.75% | -10.02% |
| Compounded Average Annual Return | 12.46% | 9.44% | 1.80% |
| Cummulative Annual Return | 15.65% | 13.10% | 2.55% |
| Standard Deviation | 26.53% | 28.33% | 12.97% |
| Information Ratio | 0.00 | 0.00 | 0.14 |
| T-Stat for the Mean Return | 2.21 | 1.73 | 0.74 |
| Probability Total (Excess) Ret < 0 | 22.23% | 17.78% | 18.36% |