distribution of the_us_market_returns

S1248.3

In US dollars.CRSP data provided by the Center for Research in Security Prices, University of Chicago. The CRSP 1-10 Index measures the performance of the total US stock market, which it defines as the aggregate capitalization of all securities listed on the NYSE, AMEX, and NASDAQ exchanges. Indices are not available for direct investment; therefore, their performance does not reflect the expenses associated with the management of an actual portfolio. Past performance is not a guarantee of future results.

Distribution of US Market ReturnsCRSP 1–10 Index Returns by Year1926–2011

In 2008, the US stock market experienced its second worst performance year since 1926.

In 2009, US market performance was in the top quartile of historical calendar year returns.

194920.2195120.7

196321.0

1970 19820.0 21.0

1953 19440.7 21.3

2011 1993 19960.8 11.1 21.4

1960 2004 19831.2 12.0 22.0

1987 1959 19791.7 12.7 22.6

1948 1952 1998 19972.1 13.4 24.3 31.4

1939 1968 1955 2003  2.9 14.1 25.2 31.6  1947 1965 1999 1985

    3.6 14.5 25.3 32.21973 1966 1934 2006 1976 1936-18.1 -8.7 4.3 15.5 26.8 32.31929 1932 1984 1942 1961 1980-14.6 -8.7 4.5 16.0 26.9 32.82000 1940 2007 1964 1938 1927-11.4 -7.1 5.8 16.1 28.1 33.42001 1990 2005 1971 1943 1991-11.1 -6.0 6.2 16.1 28.4 34.71969 1946 1978 1986 1967 1995

  -10.9 -5.9 7.5 16.2 28.7 36.8  1930 1962 1977 1956 1972 2009 1945 1935  -28.5 -10.2 -4.3 8.3 16.8 28.8 38.1 44.3

  2008 1974 1957 1981 1926 2010 1989 1975 1958  -36.7 -27.0 -10.1 -3.6 9.2 17.9 28.9 38.8 45.0

1931 1937 2002 1941 1994 1992 1988 1950 1928 1954 1933-43.5 -34.7 -21.1 -10.0 -0.1 9.8 18.0 29.6 38.9 50.0 57.1

-50% to -40% -40% to -30% -30% to -20% -20% to -10% -10% to 0% 0% to 10% 10% to 20% 20% to 30% 30% to 40% 40% to 50% 50% to 60%

Annual Return Range

Positive Years: 64 (74%)Negative Years: 22 (26%)