| Year | Long Backtest
Total Return | S&P Value Index
Total Return | Long Backtest
Excess Return |
| 1996 | 24.50% | 17.19% | 7.32% |
| 1997 | 39.33% | 34.46% | 4.87% |
| 1998 | 23.27% | 11.12% | 12.15% |
| 1999 | -2.12% | -2.96% | 0.83% |
| 2000 | 19.85% | 13.16% | 6.69% |
| 2001 | 2.85% | 10.87% | -8.02% |
| 2002 | -11.49% | -17.74% | 6.25% |
| 2003 | 43.14% | 41.71% | 1.43% |
| 2004 | 28.26% | 26.13% | 2.14% |
| 2005 | 22.74% | 13.42% | 9.32% |
| 2006 | 17.17% | 20.05% | -2.88% |
| 2007 | 20.24% | -3.69% | 23.93% |
| 2008 | -40.53% | -47.87% | 7.34% |
| 2009 | 81.83% | 55.21% | 26.63% |
| 2010 | 20.70% | 23.06% | -2.36% |
| 2011 | 0.98% | -0.81% | 1.79% |
| Compounded Average Annual Return | 15.15% | 9.15% | 5.74% |
| Cummulative Annual Return | 18.17% | 12.08% | 6.09% |
| Standard Deviation | 26.58% | 24.19% | 9.04% |
| Information Ratio | 0.00 | 0.00 | 0.64 |
| T-Stat for the Mean Return | 2.56 | 1.87 | 2.52 |
| Probability Total (Excess) Ret < 0 | 25.28% | 19.11% | 25.22% |