| Year | Long Backtest
Total Return | S&P 500 Index
Total Return | Long Backtest
Excess Return |
| 1996* | 15.30% | 22.96% | -7.66% |
| 1997 | 39.33% | 33.36% | 5.97% |
| 1998 | 23.27% | 28.58% | -5.31% |
| 1999 | -2.12% | 21.04% | -23.17% |
| 2000 | 19.85% | -9.11% | 28.96% |
| 2001 | 2.85% | -11.89% | 14.73% |
| 2002 | -11.49% | -22.10% | 10.61% |
| 2003 | 43.14% | 28.68% | 14.45% |
| 2004 | 28.26% | 10.88% | 17.39% |
| 2005 | 22.74% | 4.91% | 17.83% |
| 2006 | 17.17% | 15.09% | 2.07% |
| 2007 | 20.24% | 2.35% | 17.90% |
| 2008 | -40.53% | -40.05% | -0.48% |
| 2009* | 71.49% | 14.72% | 56.77% |
| Average Linked Annual Ret. | 15.52% | 5.06% | 9.67% |
| Average Annual Return | 17.82% | 7.10% | 10.72% |
| Longitudinal Std. Dev. | 26.38% | 21.35% | 18.80% |
| Information Ratio | N/A | N/A | 0.52 |
| T-Stat for the Mean Return | 2.34 | 1.15 | 1.97 |
| Probability Total (Excess) Ret < 0 | 25.01% | 36.75% | 28.46% |