| Year | Long Backtest
Total Return | S&P 500 Index
Total Return | Long Backtest
Excess Return |
| 1996* | 15.03% | 22.96% | -7.93% |
| 1997 | 38.16% | 33.36% | 4.79% |
| 1998 | 23.17% | 28.58% | -5.41% |
| 1999 | 55.69% | 21.04% | 34.65% |
| 2000 | -15.93% | -9.11% | -6.82% |
| 2001 | -3.39% | -11.89% | 8.49% |
| 2002 | -5.33% | -22.10% | 16.77% |
| 2003 | 37.15% | 28.68% | 8.46% |
| 2004 | 3.68% | 10.88% | -7.20% |
| 2005 | 30.07% | 4.91% | 25.16% |
| 2006 | 9.67% | 15.09% | -5.42% |
| 2007 | 25.02% | 2.35% | 22.68% |
| 2008 | -41.16% | -40.05% | -1.00% |
| 2009* | 47.02% | 14.72% | 32.30% |
| Average Linked Annual Ret. | 13.06% | 5.06% | 7.95% |
| Average Annual Return | 15.63% | 7.10% | 8.53% |
| Longitudinal Std. Dev. | 26.48% | 21.35% | 15.30% |
| Information Ratio | N/A | N/A | 0.52 |
| T-Stat for the Mean Return | 2.05 | 1.15 | 1.93 |
| Probability Total (Excess) Ret < 0 | 27.77% | 36.75% | 28.87% |