| Year | Long Backtest
Total Return | S&P Growth Index
Total Return | Long Backtest
Excess Return |
| 1996 | 35.25 % | 23.97 % | 11.28 % |
| 1997 | 25.00 % | 36.53 % | -11.53 % |
| 1998 | 48.74 % | 42.16 % | 6.59 % |
| 1999 | 105.93 % | 28.25 % | 77.68 % |
| 2000 | 40.70 % | -22.08 % | 62.78 % |
| 2001 | 2.35 % | -12.73 % | 15.08 % |
| 2002 | 1.29 % | -23.59 % | 24.88 % |
| 2003 | 49.27 % | 25.66 % | 23.61 % |
| 2004 | 17.53 % | 6.13 % | 11.39 % |
| 2005 | 45.21 % | 4.00 % | 41.21 % |
| 2006 | 11.11 % | 11.01 % | 0.10 % |
| 2007 | 35.62 % | 9.13 % | 26.50 % |
| 2008 | -34.07 % | -34.92 % | 0.86 % |
| 2009 | 39.22 % | 31.57 % | 7.65 % |
| 2010 | 17.94 % | 15.05 % | 2.89 % |
| 2011 | -1.70 % | 4.65 % | -6.36 % |
| 2012 | 17.66 % | 14.61 % | 3.05 % |
| 2013 | 37.62 % | 32.75 % | 4.87 % |
| 2014 | 6.67 % | 14.89 % | -8.22 % |
| 2015 | 10.22 % | 5.52 % | 4.70 % |
| 2016 | 12.04 % | 6.38 % | 5.66 % |
| Average Linked Annual Ret. | 22.46 % | 8.28 % | 14.18 % |
| Average Annual Return | 24.93 % | 10.43 % | 14.51 % |
| Longitudinal Std.Dev. | 27.65 % | 20.45 % | 22.42 % |
| Sharpe Ratio (20-yr) | 84.07 % | 67.88 % | 45.55 % |
| T-Stat for the Mean Return | 393.11 % | 222.18 % | 282.04 % |
| Probability Total (Excess) Ret < 0 | 31.64 % | 19.48 % | 24.09 % |