|
UPDATE: As of June 30, 2008, the HFD reports that the PAD-C portfolio is ahead of the Dow Jones Wilshire 5000 Index
on a risk-adjusted basis since 1989.
"Since the beginning of 1989, through 2/29/2008, this portfolio (MP-C)
has produced a 10.2% annualized return, according to the HFD, in contrast
to 10.8% annualized for the Dow Jones Wilshire 5000 index. Note carefully, however,
that this portfolio was 17% less volatile, or risky, than the overall market.
On
a risk-adjusted basis, it equals the return of the Dow Jones Wilshire 5000.
It is also worth noting that, according to the HFD's calculations, this portfolio
since 1989 has done better on a risk-adjusted basis than another portfolio that
invests in the stocks that are top-ranked by the Value Line stock ranking system."
--The Hulbert Financial Digest, leading rater of investment newsletters
Year |
PAD-C Portfolio |
Wilshire 5000 |
Relative Risk*
|
2007 |
5.6 |
5.6 |
0.41 (59% less risky) |
2006 |
6.9 |
15.8 |
0.39 (61% less risky) |
2005 |
2.7 |
6.4 |
0.64 (36% less risky) |
2004 |
11.1 |
12.5 |
0.76 (24% less risky) |
2003 |
29.2 |
31.6 |
1.27 (27% more risky) |
2002 |
-11.8 |
-20.9 |
1.23 (23% more risky) |
2001 |
7.6 |
-11.0 |
1.18 (18% more risky) |
*HFD measure of riskiness vs. the market average |
