This is a spreadsheet to backtest portfolio returns from 1972-2006 [1985-2006 if you want to includ

The worksheet Portfolio is a simple way to change the allocations of various funds. It provides the CAGR/total/Sharpe Ratio e
sample portfolios like Coffeehouse and draws charts to compare the growth.
The worksheet Returns_72_06 calculates portfolio returns (total/cagr/sharpe ratio/correlation etc) for funds from 1972-2006
The worksheet Returns_85_06 calculates portfolio returns (total/cagr/sharpe ratio/correlation etc) for funds[includes sector fun
The worksheet Data_72_06 includes the returns of various funds from 1972-2006
The worksheet Data_85_06 includes the returns of various funds from 1985-2006 (to include funds many funds that were start
The worksheet Data_Sources lists the sources of the various fund returns
The worksheet SP-72-06 includes some sample portfolios (CoffeeHouse) that's calculated for the time period of your portfolio
The worksheet SP-85-06 includes some sample portfolios (CoffeeHouse) that's calculated for the time period of your portfolio

You can change the percentage allocations of any fund.

If the total doesn't add up to 100% then you would see an ERROR.

Things you can change: (Cells that can be changed have pale blue background)
1 - %allocation of funds in worksheet Portfolio
2 - You can change the Starting Year in Cell B36/J36 in worksheet Portfolio
3 - You can change the Ending Year in Cell B37/J37 in worksheet Portfolio
4 - Initial investment for your portfolio

For example to calculate the returns from 1981-1990

change cell B36 (for Starting Year) to 1981 in worksheet Portfolio
change cell B37(for Ending Year) to 1990 in worksheet Portfolio
The spreadsheet would return the porfolio return over the period 1981-1990.

To calculate returns for a portfolio that includes sector funds (Health/P. Metals/Energy) or Windsor II funds from 1991-2000
Change your allocation to include the sector funds
change cell J36 to 1991 in worksheet Portfolio
change cell J37 to 2000 in worksheet Portfolio
The spreadsheet would return the porfolio return over the period 1991-2000.

I separated the 85-06 and 72-06 returns since some funds(sector) were started in 1984 and there was an interest in adding the

Please use this spreadsheet only for learning purposes and as a need for diversification. Don't change your AA purely based o
Past returns are not indicative of future returns.

Visit http://www.diehards.org

Regards,
Simba
6 if you want to include Sector/Tax-Exempt funds]

AGR/total/Sharpe Ratio etc. It also compares your portfolio to

funds from 1972-2006

funds[includes sector funds] from 1985-2006

many funds that were started in 1984)

e period of your portfolio

e period of your portfolio

background)

funds from 1991-2000

as an interest in adding them to the portfolios.

ge your AA purely based on historical returns of a fund.

To calculate portfolio returns from 1972-2006, Enter the fund allocations here

Total US Market - LCB VTSMX 10% 5%

Large Cap Value - LCV VIVAX 10% 10%
Large Cap Blend - LCB VFINX 15%
Large Cap Growth - LCG VIGRX 20%
Mid-Cap Blend - MCB VIMSX 25%
Small Cap Value - SCV VISVX 10% 30%
Small Cap Blend - SCB NAESX 10% 35%
Small Cap Growth - SCG VISGX 40%
Micro Cap BRSIX 45%
REIT VGSIX 10% 50%
Intl Developed - EAFE VDMIX 10% 55%
Emerging Mkt - EM VEIEX 10% 60%
Total_Intl - EAFE85/EM15 VGTSX 65%
Intl Pacific VPACX 70%
Intl Europe VEURX 75%
Intl.Value VTRIX 80%
Commodities PCRIX 85%
Long Term Govt Bond - LTGB VUSTX 90%
5 Yr T-Bills VFITX 95%
Total Bond VBMFX 15% 100%
Tbills/Treasury Money Mkt VMPXX
Synthetic TIPS VIPSX 15%
Wellington - Balanced VWELX
Wellesley - Balanced VWINX
Windsor VWNDX
100%

# of Years for backtest 35

Starting Year for backtest 1972
Ending Year for backtest 2006
Initial Investment 10000

Sharpe
Total CAGR Std.Dev Ratio C-US C-Intl
Portfolio Growth - Nominal 675432.98 12.79 12.20 0.61 0.81 0.74
Portfolio Growth - Real 145644.64 7.95 12.65 0.21 0.80 0.76
Coffee House Portfolio 481822.34 11.71 10.45 0.59 0.85 0.60
 100000.00
200000.00
300000.00
400000.00
500000.00
600000.00
700000.00
800000.00

0.00
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
Your Portfolio

1989
1990
1991
1992
1993
CHP

1994
Portfolio Growth (Nominal) 1972-2006

1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
To calculate portfolio returns from 1985-2006, Enter the fund allocations here

Total US Market - LCB VTSMX 10%

Large Cap Value - LCV VIVAX 10%
Large Cap Blend - LCB VFINX
Large Cap Growth - LCG VIGRX
Mid-Cap Blend - MCB VIMSX
Small Cap Value - SCV VISVX 10%
Small Cap Blend - SCB NAESX 10%
Small Cap Growth - SCG VISGX
Micro Cap BRSIX
REIT VGSIX 10%
Intl Developed - EAFE VDMIX 10%
Emerging Mkt - EM VEIEX 10%
Total_Intl - EAFE85/EM15 VGTSX
Intl Pacific VPACX
Intl Europe VEURX
Intl.Value VTRIX
Commodities PCRIX
Long Term Govt Bond - LTGB VUSTX
5 Yr T-Bills VFITX
Total Bond VBMFX 15%
Tbills/Treasury Money Mkt VMPXX
Synthetic TIPS VIPSX 15%
Wellington - Balanced VWELX
Wellesley - Balanced VWINX
Energy Fund VGENX
Health Care Fund VGHCX
Precious Metals Fund VGPMX
Windsor VWNDX
Windsor II VWNFX
Short term Tax Exempt VWSTX
Inter Tem Tax Exempt VWITX
Long Term Tax Exempt VWLTX
High Yield Corp VWEHX
100%

# of Years for backtest 22

Starting Year for backtest 1985
Ending Year for backtest 2006
Initial Investment 10000

Sharpe
Total CAGR Std.Dev Ratio C-US C-Intl
Portfolio Growth - Nominal 144689.31 12.91 11.41 0.65 0.74 0.75
Portfolio Growth - Real 78631.75 9.83 11.42 0.38 0.74 0.77
Coffee House Portfolio 109070.55 11.47 9.55 0.74 0.81 0.63

160000.00
Portfolio Growth (Nominal) 1985-2006
140000.00 Your Portfolio CHP
160000.00
Portfolio Growth (Nominal) 1985-2006
140000.00 Your Portfolio CHP

120000.00

100000.00

80000.00

60000.00

40000.00

20000.00

0.00
1985

1987

1988

1990

1991

1993

1997

1999

2002

2005
1986

1989

1992

1994

1995

1996

1998

2000

2001

2003

2004

2006
 LCB-500
Year US Mkt LCV Idx LCG MCB SCV SCB SCG D10 REIT EAFE EM
VTSMX VIVAX VFINX VIGRX VIMSX VISVX NAESX VISGX BRSIX VGSIX VDMIX VEIEX
Allocation 10% 10% 0% 0% 0% 10% 10% 0% 0% 10% 10% 10%

1972 1.69 1.90 0.70 0.44 0.80 3.63 5.02

1973 -1.81 -0.36 -2.60 -3.09 -1.55 -1.49 -1.38
1974 -2.72 -2.31 -1.82 -1.99 -2.14 -2.32 -2.53
1975 3.87 5.72 5.45 5.28 1.93 3.54 4.42
1976 2.67 4.40 5.36 5.74 4.76 0.25 0.73
1977 -0.42 0.14 2.18 2.54 2.24 1.81 5.06
1978 0.75 0.33 2.18 2.35 1.03 3.26 5.36
1979 2.30 2.05 3.54 4.31 3.59 0.48 0.26
1980 3.27 2.44 2.54 3.86 2.44 2.26 2.68
1981 -0.37 0.13 1.49 0.20 0.60 -0.10 0.46
1982 2.08 2.00 2.85 2.49 2.16 -0.09 -0.11
1983 2.20 2.83 3.86 2.91 3.06 2.46 3.26
1984 0.45 1.01 0.23 -0.73 2.09 0.79 1.03
1985 3.22 3.15 3.10 3.11 1.91 5.67 6.09
1986 1.61 2.00 0.74 0.57 1.92 6.99 6.27
1987 0.17 0.05 -0.71 -0.88 -0.36 2.49 3.77
1988 1.80 2.32 2.95 2.49 1.35 2.86 4.04
1989 2.89 2.52 1.24 1.62 0.88 1.08 6.50
1990 -0.60 -0.81 -2.18 -1.95 -1.54 -2.32 -1.06
1991 3.47 2.46 4.17 4.61 3.57 1.25 5.99
1992 0.98 1.38 2.91 1.82 1.46 -1.18 1.14
1993 1.06 1.84 2.38 1.87 1.97 3.29 7.48
1994 -0.02 -0.07 -0.15 -0.05 0.32 0.81 -0.73
1995 3.58 3.69 2.58 2.87 1.53 1.16 0.06
1996 2.10 2.19 2.14 1.81 3.53 0.64 1.58
1997 3.10 2.98 3.18 2.46 1.88 0.21 -1.68
1998 2.33 1.46 -0.65 -0.26 -1.63 2.03 -1.81
1999 2.38 1.26 0.34 2.31 -0.40 2.73 6.16
2000 -1.06 0.61 2.19 -0.27 2.64 -1.40 -2.76
2001 -1.10 -1.19 1.37 0.31 1.24 -2.20 -0.29
2002 -2.10 -2.09 -1.42 -2.00 0.38 -1.57 -0.74
2003 3.14 3.23 3.72 4.56 3.57 3.86 5.77
2004 1.25 1.53 2.36 1.99 3.08 2.03 2.61
2005 0.60 0.71 0.61 0.74 1.19 1.33 3.21
2006 1.55 2.22 1.92 1.56 3.51 2.62 2.94

Sharpe
Portfolio Total CAGR Std.Dev Ratio C-US C-Intl
Nominal 675432.98 12.79 12.20 0.61 0.81 0.74
Real 145644.64 7.95 12.65 0.21 0.80 0.76

Correlation of your portfolio with different assets

LCB-500
Portfolio US Mkt LCV Idx LCG MCB SCV SCB SCG D10 REIT EAFE EM
Correlation VTSMX VIVAX VFINX VIGRX VIMSX VISVX NAESX VISGX BRSIX VGSIX VDMIX VEIEX
0.86 0.86 0.81 0.72 0.90 0.84 0.89 0.87 0.80 0.73 0.74 0.72
EAFE/EM Pacific Europe Int.Val COMM LTGB 5 Yr T ITB TBILL STIPS Bal Bal Windsor
VGTSX VPACX VEURX VTRIX PCRIX VUSTX VFITX VBMFX VMPXX VIPSX VWELX VWINX VWNDX
0% 0% 0% 0% 0% 0% 0% 15% 0% 15% 0% 0% 0%

0.86 -0.36
0.51 -0.57
1.05 0.78
1.25 2.46
1.76 -0.02
0.45 1.20
0.33 1.49
0.99 1.50
0.99 2.31
1.62 0.90
3.81 -1.14
1.23 2.57
2.15 2.37
2.70 1.34
1.97 3.33
0.17 1.26
1.10 2.84
2.05 0.92
1.30 0.93
2.29 2.39
1.07 1.13
1.45 2.36
-0.40 0.48
2.73 0.12
0.54 0.62
1.42 1.20
1.29 0.42
-0.11 1.19
1.71 0.72
1.26 1.14
1.24 2.49
0.60 1.20
0.64 1.24
0.36 0.39
0.64 0.06

EAFE/EM Pacific Europe Int.Val COMM LTGB 5 Yr T ITB TBILL TIPS Bal Bal Windsor
VGTSX VPACX VEURX VTRIX PCRIX VUSTX VFITX VBMFX VMPXX VIPSX VWELX VWINX VWNDX
0.76 0.59 0.65 0.75 -0.24 0.23 0.15 0.25 -0.03 0.38 0.83 0.64 0.88
 Portfolio Total in
Portfolio Returns 1972
Returns Total Real dollars

10000 10000
14.68 11467.50 11.41 11140.50
-12.34 10052.41 -18.50 9079.51
-14.00 8645.07 -25.03 6806.91
33.92 11577.05 24.72 8489.23
25.65 14546.56 19.90 10178.59
15.20 16757.64 8.70 11064.13
17.08 19619.01 9.46 12110.24
19.02 23350.54 7.80 13054.84
22.79 28672.13 9.21 14257.19
4.93 30085.67 -5.42 13484.45
14.05 34312.70 7.89 14548.38
24.38 42676.43 21.16 17626.08
9.39 46681.61 5.09 18522.37
30.29 60819.13 26.74 23474.33
25.40 76264.15 23.49 28987.27
5.96 80810.26 2.30 29654.27
21.75 98384.47 17.67 34893.44
19.69 117757.35 14.86 40078.95
-8.23 108062.98 -13.62 34619.20
30.19 140689.89 25.94 43600.28
10.71 155752.15 7.68 46947.04
23.69 192656.07 20.73 56681.04
0.19 193022.12 -2.42 55309.36
18.32 228383.77 15.51 63887.84
15.14 262958.79 12.21 71687.90
14.74 301708.39 12.40 80574.33
3.17 311278.58 1.62 81881.25
15.84 360585.11 13.65 93058.04
2.38 369165.23 -1.00 92127.00
0.54 371173.49 -2.29 90020.97
-5.82 349584.19 -7.41 83353.57
29.63 453160.74 27.36 106157.86
16.72 528908.82 14.04 121057.64
9.13 577179.68 5.74 128002.11
17.02 675432.98 13.78 145644.64
 LCB-500
Year US Mkt LCV Idx LCG MCB SCV SCB SCG D10 REIT EAFE EM
VTSMX VIVAX VFINX VIGRX VIMSX VISVX NAESX VISGX BRSIX VGSIX VDMIX VEIEX
Allocation 10% 10% 0% 0% 0% 10% 10% 0% 0% 10% 10% 10%

1985 3.22 3.15 3.10 3.11 1.91 5.67 6.09

1986 1.61 2.00 0.74 0.57 1.92 6.99 6.27
1987 0.17 0.05 -0.71 -0.88 -0.36 2.49 3.77
1988 1.80 2.32 2.95 2.49 1.35 2.86 4.04
1989 2.89 2.52 1.24 1.62 0.88 1.08 6.50
1990 -0.60 -0.81 -2.18 -1.95 -1.54 -2.32 -1.06
1991 3.47 2.46 4.17 4.61 3.57 1.25 5.99
1992 0.98 1.38 2.91 1.82 1.46 -1.18 1.14
1993 1.06 1.84 2.38 1.87 1.97 3.29 7.48
1994 -0.02 -0.07 -0.15 -0.05 0.32 0.81 -0.73
1995 3.58 3.69 2.58 2.87 1.53 1.16 0.06
1996 2.10 2.19 2.14 1.81 3.53 0.64 1.58
1997 3.10 2.98 3.18 2.46 1.88 0.21 -1.68
1998 2.33 1.46 -0.65 -0.26 -1.63 2.03 -1.81
1999 2.38 1.26 0.34 2.31 -0.40 2.73 6.16
2000 -1.06 0.61 2.19 -0.27 2.64 -1.40 -2.76
2001 -1.10 -1.19 1.37 0.31 1.24 -2.20 -0.29
2002 -2.10 -2.09 -1.42 -2.00 0.38 -1.57 -0.74
2003 3.14 3.23 3.72 4.56 3.57 3.86 5.77
2004 1.25 1.53 2.36 1.99 3.08 2.03 2.61
2005 0.60 0.71 0.61 0.74 1.19 1.33 3.21
2006 1.55 2.22 1.92 1.56 3.51 2.62 2.94

Sharpe
Portfolio Total CAGR Std.Dev Ratio C-US C-Intl
Nominal 144689.31 12.91 11.41 0.65 0.74 0.75
Real 78631.75 9.83 11.42 0.38 0.74 0.77

Correlation of your portfolio with different assets

LCB-500
Portfolio US Mkt LCV Idx LCG MCB SCV SCB SCG D10 REIT EAFE EM
Correlation VTSMX VIVAX VFINX VIGRX VIMSX VISVX NAESX VISGX BRSIX VGSIX VDMIX VEIEX
0.80 0.85 0.74 0.61 0.86 0.77 0.88 0.87 0.68 0.63 0.75 0.78
EAFE/
EM Pacific Europe Intl.Val COMM LTGB 5 Yr T ITB TBILL STIPS Bal Bal Energy
VGTSX VPACX VEURX VTRIX PCRIX VUSTX VFITX VBMFX VMPXX VIPSX VWELX VWINX VGENX
0% 0% 0% 0% 0% 0% 0% 15% 0% 15% 0% 0% 0%

2.70 1.34
1.97 3.33
0.17 1.26
1.10 2.84
2.05 0.92
1.30 0.93
2.29 2.39
1.07 1.13
1.45 2.36
-0.40 0.48
2.73 0.12
0.54 0.62
1.42 1.20
1.29 0.42
-0.11 1.19
1.71 0.72
1.26 1.14
1.24 2.49
0.60 1.20
0.64 1.24
0.36 0.39
0.64 0.06

EAFE/
EM Pacific Europe Intl.Val COMM LTGB 5 Yr T ITB TBILL STIPS Bal Bal Energy
VGTSX VPACX VEURX VTRIX PCRIX VUSTX VFITX VBMFX VMPXX VIPSX VWELX VWINX VGENX
0.79 0.68 0.63 0.74 -0.03 0.34 0.21 0.36 0.06 0.32 0.81 0.58 0.87
 Portfolio
Hi-Yld Portfolio Returns Total in
Health P.Metals Windsor WindsorII ST TE Inter TE LT TE Corp Returns Total Real 1985 dollars
VGHCX VGPMX VWNDX VWNFX VWSTX VWITX VWLTX VWEHX
0% 0% 0% 0% 0% 0% 0% 0%
10000 10000
30.29 13028.50 26.74 12673.50
25.40 16337.09 23.49 15649.87
5.96 17310.94 2.30 16009.98
21.75 21075.64 17.67 18838.54
19.69 25225.64 14.86 21638.13
-8.23 23148.94 -13.62 18690.48
30.19 30138.19 25.94 23539.26
10.71 33364.78 7.68 25346.13
23.69 41270.23 20.73 30601.39
0.19 41348.64 -2.42 29860.84
18.32 48923.72 15.51 34492.26
15.14 56330.28 12.21 38703.42
14.74 64631.11 12.40 43501.09
3.17 66681.20 1.62 44206.68
15.84 77243.51 13.65 50240.89
2.38 79081.52 -1.00 49738.23
0.54 79511.72 -2.29 48601.22
-5.82 74886.92 -7.41 45001.57
29.63 97074.79 27.36 57313.32
16.72 113301.33 14.04 65357.53
9.13 123641.78 5.74 69106.77
17.02 144689.31 13.78 78631.75

Health P.Metals Windsor WindsorII ST TE Inter TE LT TE

VGHCX VGPMX VWNDX VWNFX VWSTX VWITX VWLTX
0.40 0.27 0.87 0.70 0.21 0.47 0.46
YEAR MKT-TSM LCV 500 Idx LCG MCB SCV SCB SCG D10 REIT EAFED
YEAR VTSMX VIVAX VFINX VIGRX VIMSX VISVX NAESX VISGX BRSIX VGSIX VDMIX

1972 16.9 19 19 21.5 9.1 7 4.4 3.7 -0.2 8 36.3

1973 -18.1 -3.6 -14.7 -21.6 -26.5 -26 -30.9 -39.1 -41.7 -15.5 -14.9
1974 -27.2 -23.1 -26.5 -29.2 -25.2 -18.2 -19.9 -33.4 -28.9 -21.4 -23.2
1975 38.7 57.2 37.2 34.2 57.4 54.5 52.8 63.2 72.4 19.3 35.4
1976 26.7 44 23.9 17.8 40.4 53.6 57.4 43.5 55.7 47.6 2.5
1977 -4.2 1.4 -7.8 -9.7 4 21.8 25.4 20.3 23.2 22.4 18.1
1978 7.5 3.3 5.9 6.9 10.9 21.8 23.5 18.6 28.4 10.3 32.6
1979 23 20.5 18 23.9 32.5 35.4 43.1 50.8 42.2 35.9 4.8
1980 32.7 24.4 31.9 39.6 32.5 25.4 38.6 52.3 30.5 24.4 22.6
1981 -3.7 1.3 -5.2 -11.3 2.4 14.9 2 -9.2 7.8 6 -1
1982 20.8 20 20.9 20.5 23.3 28.5 24.9 21 28 21.6 -0.9
1983 22 28.3 21.3 16 23.8 38.6 29.1 20.1 37.3 30.6 24.6
1984 4.5 10.1 6.21 -1 1.4 2.3 -7.3 -15.8 -19.5 20.9 7.9
1985 32.2 31.5 31.23 32.9 32 31 31.1 31 25.7 19.1 56.7
1986 16.1 20 18.06 15.4 18.2 7.4 5.7 3.6 0.3 19.2 69.9
1987 1.7 0.5 4.71 5.3 0.2 -7.1 -8.8 -10.5 -14.9 -3.6 24.9
1988 18 23.2 16.22 11.3 19.8 29.5 24.9 20.4 20.8 13.5 28.6
1989 28.9 25.2 31.36 35.9 26.3 12.4 16.2 20.2 5.5 8.8 10.8
1990 -6 -8.1 -3.32 -0.3 -11.5 -21.8 -19.5 -17.4 -31.3 -15.4 -23.2
1991 34.7 24.6 30.22 41.2 41.5 41.7 46.1 51.2 48.3 35.7 12.5
1992 9.8 13.8 7.42 5 16.4 29.1 18.2 7.8 33.6 14.6 -11.8
1993 10.62 18.35 9.89 1.53 14.3 23.8 18.7 13.4 25.4 19.7 32.9
1994 -0.17 -0.73 1.18 2.89 -2.1 -1.5 -0.51 -2.4 -2.9 3.2 8.1
1995 35.79 36.94 37.45 38.06 34.4 25.8 28.74 31 30.1 15.3 11.6
1996 20.96 21.86 22.88 23.74 19 21.4 18.12 11.3 16.8 35.3 6.4
1997 30.99 29.77 33.19 36.34 29 31.8 24.59 12.9 21.5 18.77 2.1
1998 23.26 14.64 28.62 42.21 10.1 -6.5 -2.61 1.2 -1.81 -16.32 20.3
1999 23.81 12.57 21.07 28.76 15.32 3.35 23.13 19.8 31.49 -4.04 27.3
2000 -10.57 6.08 -9.06 -22.21 18.1 21.88 -2.67 1.59 0.67 26.35 -14
2001 -10.97 -11.88 -12.02 -12.93 -0.5 13.7 3.1 -0.78 23.98 12.35 -22.04
2002 -20.96 -20.91 -22.15 -23.68 -14.61 -14.2 -20.02 -15.41 4.9 3.75 -15.7
2003 31.35 32.25 28.5 25.92 34.14 37.19 45.63 42.88 79.43 35.65 38.61
2004 12.52 15.29 10.74 7.2 20.35 23.55 19.9 16.06 20.12 30.76 20.25
2005 5.98 7.09 4.77 5.09 13.93 6.07 7.36 8.64 4.08 11.89 13.34
2006 15.51 22.15 15.64 9.01 13.6 19.24 15.64 11.94 11.48 35.07 26.18

VTSMX VIVAX VFINX VIGRX VIMSX VISVX NAESX VISGX BRSIX VGSIX VDMIX
Average 12.66 14.77 12.48 11.89 15.26 16.78 15.32 12.98 16.81 15.14 13.39
StDEV 17.46 17.24 17.18 20.22 18.44 19.96 21.66 23.75 26.70 16.67 21.91
CAGR 11.24 13.46 11.10 10.00 13.72 15.00 13.23 10.43 13.64 13.88 11.31
Variance 304.68 297.29 295.01 408.68 339.99 398.27 469.17 564.11 713.10 277.78 480.16
Correlation
w/ US Mkt 1.00 0.92 0.99 0.96 0.90 0.71 0.82 0.83 0.69 0.53 0.59
Correlation
w/ Intl Mkt 0.59 0.55 0.58 0.53 0.48 0.35 0.44 0.46 0.36 0.29 1.00
Sharpe
Ratio 0.38 0.50 0.37 0.29 0.50 0.54 0.43 0.29 0.40 0.54 0.33
Correlations between different assets
VTSMX VIVAX VFINX VIGRX VIMSX VISVX NAESX VISGX BRSIX VGSIX VDMIX
VTSMX 1.00
VIVAX 0.92 1.00
VFINX 0.99 0.91 1.00
VIGRX 0.96 0.79 0.97 1.00
VIMSX 0.90 0.92 0.86 0.78 1.00
VISVX 0.71 0.80 0.64 0.52 0.90 1.00
NAESX 0.82 0.82 0.74 0.68 0.92 0.93 1.00
VISGX 0.83 0.80 0.76 0.73 0.93 0.87 0.96 1.00
BRSIX 0.69 0.70 0.60 0.54 0.83 0.89 0.92 0.89 1.00
VGSIX 0.53 0.62 0.46 0.33 0.71 0.83 0.75 0.69 0.70 1.00
VDMIX 0.59 0.55 0.58 0.53 0.48 0.35 0.44 0.46 0.36 0.29 1.00
VEIEX 0.47 0.41 0.43 0.39 0.42 0.35 0.47 0.47 0.42 0.30 0.79
EAFE/EM 0.58 0.54 0.57 0.52 0.49 0.36 0.46 0.48 0.38 0.30 0.99
VPACX 0.49 0.47 0.51 0.46 0.37 0.27 0.32 0.30 0.23 0.26 0.86
VEURX 0.50 0.44 0.48 0.46 0.41 0.26 0.43 0.47 0.36 0.16 0.83
VTRIX 0.59 0.56 0.58 0.52 0.51 0.38 0.48 0.51 0.42 0.31 0.96
PCRIX -0.25 -0.15 -0.24 -0.26 -0.24 -0.23 -0.21 -0.19 -0.23 -0.07 -0.14
VUSTX 0.25 0.31 0.28 0.21 0.31 0.23 0.12 0.13 0.09 0.18 0.09
VFITX 0.19 0.23 0.21 0.16 0.24 0.19 0.07 0.09 0.05 0.14 -0.04
VBMFX 0.29 0.32 0.31 0.25 0.34 0.29 0.19 0.19 0.12 0.22 -0.02
VMPXX 0.03 0.01 0.04 0.05 0.00 0.01 -0.01 0.00 -0.18 -0.09 -0.12
S-TIPS 0.13 0.10 0.09 0.07 0.21 0.21 0.19 0.24 0.23 0.18 0.37
VWELX 0.90 0.90 0.90 0.81 0.90 0.77 0.76 0.76 0.65 0.66 0.50
VWINX 0.66 0.72 0.67 0.56 0.71 0.65 0.54 0.53 0.44 0.56 0.30
VWNDX 0.81 0.91 0.77 0.64 0.92 0.91 0.87 0.81 0.80 0.76 0.49
EM EAFE85 Pacific Europe Intl Value COMM LTGB 5 Yr T ITB TBILL S-TIPS
VEIEX EM15 VPACX VEURX VTRIX PCRIX VUSTX VFITX VBMFX VMPXX VIPSX

50.2 38.39 107.55 15.6 36.95 30.6 5.7 5.2 5.7 3.8 -2.4
-13.8 -14.74 -20.95 -7.7 -14.58 102.1 -1.1 4.6 3.4 6.9 -3.8
-25.3 -23.52 -20.94 -22.8 -22.53 12.8 4.4 5.7 7 8 5.2
44.2 36.72 26.72 43.9 39 -11.2 9.2 7.8 8.3 5.8 16.4
7.3 3.22 21.64 -6.4 5.3 1.3 16.8 12.9 11.7 5.1 -0.1
50.6 22.98 13.69 23.9 24.1 1.3 -0.7 1.4 3 5.1 8
53.6 35.75 48.77 24.3 36.4 23 -1.2 3.5 2.2 7.2 9.9
2.6 4.47 -3.48 14.7 5.1 57.5 -1.2 4.1 6.6 10.4 10
26.8 23.23 36.38 14.5 21.1 -3.8 -4 3.9 6.6 11.3 15.4
4.6 -0.16 8.31 -10.4 7.4 -26.5 1.9 9.4 10.8 14.7 6
-1.1 -0.93 -6.26 5.7 0.4 -3.5 40.4 29.1 25.4 10.5 -7.6
32.6 25.80 26.42 22.4 26.9 17 0.7 7.4 8.2 8.8 17.1
10.3 8.26 13.48 1.3 -0.76 -9.4 15.5 14 14.3 9.8 15.8
60.9 57.33 39.39 79.8 40.33 3.3 31 20.3 18 7.37 8.9
62.7 68.82 93.82 44.5 50.71 -4.9 24.5 15.1 13.1 6 22.2
37.7 26.82 39.85 4.1 23.88 23 -2.93 2.9 1.14 6.12 8.4
40.4 30.37 35.19 16.4 18.78 16.7 9.15 6.1 7.35 7.18 18.9
65 18.93 2.68 29.1 25.97 1.9 17.93 13.3 13.64 8.87 6.1
-10.6 -21.31 -34.29 -3.4 -12.26 4.7 5.78 9.7 8.65 7.94 6.2
59.9 19.61 12.4 10.65 9.96 -1.6 17.43 15.3 15.25 5.73 15.9
11.4 -8.32 -3.32 -18.17 -8.72 -1.4 7.4 7.78 7.14 3.53 7.5
74.8 39.19 29.13 35.46 30.49 -2.5 16.79 11.43 9.68 2.86 15.7
-7.3 5.79 1.88 13.04 5.25 14 -7.03 -4.33 -2.66 3.81 3.2
0.56 9.94 22.28 2.75 9.65 11.1 30.11 20.44 18.18 5.49 0.8
15.83 7.81 21.26 -7.82 10.22 21.7 -1.25 1.92 3.58 5.09 4.1
-16.82 -0.74 24.23 -25.67 -4.58 4.4 13.9 8.96 9.44 5.12 8
-18.12 14.54 28.86 2.41 19.46 -27.6 13.05 10.61 8.58 5 2.8
61.57 32.44 16.62 57.05 21.81 7.2 -8.66 -3.52 -0.76 4.55 7.9
-27.56 -16.03 -8.18 -25.74 -7.48 42.4 19.72 14.03 11.39 5.8 4.8
-2.88 -19.17 -20.3 -26.34 -14.02 -31.7 4.31 7.55 8.43 3.99 7.61
-7.43 -14.46 -17.95 -9.32 -13.35 27.2 16.67 14.15 8.26 1.51 16.61
57.65 41.47 38.7 38.42 41.9 29.8 2.68 2.37 3.97 0.82 8
26.12 21.13 20.86 18.83 19.77 16.4 7.12 3.4 4.24 1 8.27
32.05 16.15 9.26 22.59 17.96 20.5 6.61 2.32 2.4 2.77 2.59
29.39 26.66 33.42 11.99 27.37 -3 1.74 3.14 4.27 4.55 0.43
EAFE /
VEIEX EM VPACX VEURX VTRIX PCRIX VUSTX VFITX VBMFX VMPXX S-TIPS
22.51 14.76 18.20 11.13 13.65 10.37 8.93 8.34 8.18 6.07 7.85
30.07 22.35 29.14 24.23 18.84 24.53 11.33 6.90 5.73 3.01 6.82
18.81 12.61 14.91 8.64 12.09 8.00 8.38 8.13 8.04 6.03 7.64
904.18 499.33 849.40 587.20 354.88 601.92 128.30 47.61 32.89 9.06 46.55

0.47 0.58 0.49 0.50 0.59 -0.25 0.25 0.19 0.29 0.03 0.13

0.79 0.99 0.86 0.83 0.96 -0.14 0.09 -0.04 -0.02 -0.12 0.37

0.55 0.39 0.42 0.21 0.40 0.18 0.25 0.33 0.37 0.00 0.26
VEIEX EAFE/EMVPACX VEURX VTRIX PCRIX VUSTX VFITX VBMFX VMPXX S-TIPS

1.00
0.86 1.00
0.61 0.84 1.00
0.81 0.86 0.50 1.00
0.83 0.96 0.82 0.82 1.00
-0.14 -0.14 -0.11 -0.06 -0.15 1.00
-0.02 0.07 0.05 0.06 0.01 -0.24 1.00
-0.11 -0.06 -0.06 -0.05 -0.11 -0.25 0.95 1.00
-0.07 -0.03 -0.05 -0.02 -0.08 -0.32 0.91 0.97 1.00
-0.15 -0.13 -0.13 -0.08 -0.12 -0.12 0.05 0.27 0.38 1.00
0.41 0.39 0.21 0.31 0.30 -0.22 -0.05 -0.04 -0.02 0.03 1.00
0.35 0.49 0.43 0.36 0.49 -0.29 0.51 0.46 0.55 0.08 0.14
0.19 0.29 0.28 0.17 0.27 -0.34 0.78 0.76 0.81 0.16 0.12
0.40 0.49 0.42 0.35 0.49 -0.31 0.27 0.22 0.34 0.08 0.23
Wellington Wellesley Windsor Inflation
VWELX VWINX VWNDX CPI-U

10.99 9.75 10.2 3.27

-11.83 -3.49 -25 6.16
-17.73 -6.43 -16.8 11.03
25.18 17.46 54.5 9.2
23.36 23.28 46.4 5.75
-4.38 4.27 1 6.5
5.32 3.61 8.8 7.62
13.54 6.2 22.6 11.22
22.58 11.88 22.6 13.58
2.9 8.67 16.8 10.35
24.55 23.3 21.7 6.16
23.57 18.6 30.1 3.22
10.7 16.64 19.47 4.3
28.53 27.41 28.03 3.55
18.4 18.34 20.27 1.91
2.28 -1.92 1.23 3.66
16.11 13.61 28.7 4.08
21.6 20.93 15.02 4.83
-2.81 3.76 -15.5 5.39
23.65 21.57 28.55 4.25
7.93 8.67 16.5 3.03
13.52 14.65 19.37 2.96
-0.49 -4.44 -0.15 2.61
32.92 28.91 30.15 2.81
16.19 9.42 26.36 2.93
23.23 20.19 21.97 2.34
12.06 11.84 0.81 1.55
4.41 -4.14 11.57 2.19
10.4 16.17 15.89 3.38
4.19 7.39 5.72 2.83
-6.9 4.64 -22.25 1.59
20.75 9.66 37.01 2.27
11.17 7.57 13.38 2.68
6.82 3.48 4.99 3.39
14.97 11.28 19.35 3.24

VWELX VWINX VWNDX CPI-U

11.65 10.94 14.84 4.74
11.85 9.21 17.55 3.04
11.01 10.56 13.44 4.70
140.43 84.78 307.83 9.23

0.90 0.66 0.81 -0.05

0.50 0.30 0.49 -0.17

0.47 0.53 0.50 -0.44

VWELX VWINX VWNDX

1.00
0.88 1.00
0.87 0.70 1.00
YEAR MKT-TSM LCV 500 Idx LCG MCB SCV SCB SCG D10 REIT EAFED
YEAR VTSMX VIVAX VFINX VIGRX VIMSX VISVX NAESX VISGX BRSIX VGSIX VDMIX

1985 32.2 31.5 31.23 32.9 32 31 31.1 31 25.7 19.1 56.7

1986 16.1 20 18.06 15.4 18.2 7.4 5.7 3.6 0.3 19.2 69.9
1987 1.7 0.5 4.71 5.3 0.2 -7.1 -8.8 -10.5 -14.9 -3.6 24.9
1988 18 23.2 16.22 11.3 19.8 29.5 24.9 20.4 20.8 13.5 28.6
1989 28.9 25.2 31.36 35.9 26.3 12.4 16.2 20.2 5.5 8.8 10.8
1990 -6 -8.1 -3.32 -0.3 -11.5 -21.8 -19.5 -17.4 -31.3 -15.4 -23.2
1991 34.7 24.6 30.22 41.2 41.5 41.7 46.1 51.2 48.3 35.7 12.5
1992 9.8 13.8 7.42 5 16.4 29.1 18.2 7.8 33.6 14.6 -11.8
1993 10.62 18.35 9.89 1.53 14.3 23.8 18.7 13.4 25.4 19.7 32.9
1994 -0.17 -0.73 1.18 2.89 -2.1 -1.5 -0.51 -2.4 -2.9 3.2 8.1
1995 35.79 36.94 37.45 38.06 34.4 25.8 28.74 31 30.1 15.3 11.6
1996 20.96 21.86 22.88 23.74 19 21.4 18.12 11.3 16.8 35.3 6.4
1997 30.99 29.77 33.19 36.34 29 31.8 24.59 12.9 21.5 18.77 2.1
1998 23.26 14.64 28.62 42.21 10.1 -6.5 -2.61 1.2 -1.81 -16.32 20.3
1999 23.81 12.57 21.07 28.76 15.32 3.35 23.13 19.8 31.49 -4.04 27.3
2000 -10.57 6.08 -9.06 -22.21 18.1 21.88 -2.67 1.59 0.67 26.35 -14
2001 -10.97 -11.88 -12.02 -12.93 -0.5 13.7 3.1 -0.78 23.98 12.35 -22.04
2002 -20.96 -20.91 -22.15 -23.68 -14.61 -14.2 -20.02 -15.41 4.9 3.75 -15.7
2003 31.35 32.25 28.5 25.92 34.14 37.19 45.63 42.88 79.43 35.65 38.61
2004 12.52 15.29 10.74 7.2 20.35 23.55 19.9 16.06 20.12 30.76 20.25
2005 5.98 7.09 4.77 5.09 13.93 6.07 7.36 8.64 4.08 11.89 13.34
2006 15.51 22.15 15.64 9.01 13.6 19.24 15.64 11.94 11.48 35.07 26.18
VTSMX VIVAX VFINX VIGRX VIMSX VISVX NAESX VISGX BRSIX VGSIX VDMIX
Average 13.80 14.28 13.94 14.03 15.82 14.90 13.32 11.75 16.06 14.53 14.72
StDEV 16.32 15.13 16.30 19.71 14.62 17.23 17.91 17.25 22.76 15.51 23.81
CAGR 12.61 13.25 12.75 12.31 14.89 13.58 11.92 10.50 13.95 13.47 12.36
Variance 266.45 228.99 265.65 388.63 213.85 297.01 320.92 297.44 517.91 240.47 566.81
Correlation
w/ US Mkt 1.00 0.93 0.99 0.95 0.86 0.61 0.83 0.82 0.55 0.32 0.56
Correlation
w/ Intl Mkt 0.56 0.59 0.55 0.46 0.46 0.26 0.44 0.44 0.25 0.23 1.00
Sharpe
Ratio 0.55 0.63 0.56 0.47 0.75 0.59 0.48 0.40 0.50 0.63 0.42

Correlations between different assets

VTSMX VIVAX VFINX VIGRX VIMSX VISVX NAESX VISGX BRSIX VGSIX VDMIX
VTSMX 1.00
VIVAX 0.93 1.00
VFINX 0.99 0.92 1.00
VIGRX 0.95 0.78 0.96 1.00
VIMSX 0.86 0.92 0.82 0.71 1.00
VISVX 0.61 0.75 0.53 0.37 0.86 1.00
NAESX 0.83 0.84 0.75 0.65 0.91 0.89 1.00
VISGX 0.82 0.81 0.74 0.67 0.92 0.82 0.96 1.00
BRSIX 0.55 0.56 0.45 0.37 0.68 0.79 0.86 0.82 1.00
VGSIX 0.32 0.52 0.25 0.07 0.63 0.81 0.65 0.61 0.61 1.00
VDMIX 0.56 0.59 0.55 0.46 0.46 0.26 0.44 0.44 0.25 0.23 1.00
VEIEX 0.48 0.45 0.41 0.35 0.44 0.33 0.55 0.56 0.41 0.29 0.72
EAFE/EM 0.57 0.59 0.55 0.46 0.47 0.29 0.49 0.48 0.29 0.26 0.99
VPACX 0.54 0.60 0.55 0.44 0.46 0.30 0.39 0.34 0.21 0.29 0.92
VEURX 0.46 0.41 0.42 0.39 0.33 0.11 0.40 0.45 0.24 0.05 0.82
VTRIX 0.56 0.59 0.55 0.46 0.45 0.23 0.44 0.45 0.25 0.25 0.96
PCRIX -0.17 -0.02 -0.19 -0.29 0.04 0.05 -0.02 0.01 0.02 0.26 -0.05
VUSTX 0.26 0.37 0.28 0.20 0.42 0.30 0.17 0.27 0.07 0.17 0.21
VFITX 0.17 0.24 0.19 0.16 0.31 0.20 0.07 0.19 0.01 0.07 0.06
VBMFX 0.34 0.39 0.35 0.30 0.47 0.35 0.25 0.35 0.12 0.18 0.10
VMPXX 0.23 0.20 0.30 0.32 0.12 -0.09 -0.07 -0.01 -0.42 -0.28 0.06
S-TIPS -0.06 -0.05 -0.11 -0.13 0.02 0.11 0.08 0.07 0.13 0.10 0.34
VWELX 0.86 0.93 0.85 0.73 0.92 0.76 0.78 0.79 0.52 0.54 0.49
VWINX 0.58 0.69 0.59 0.48 0.71 0.61 0.50 0.56 0.30 0.42 0.27
VWNDX 0.77 0.90 0.72 0.55 0.91 0.90 0.90 0.84 0.71 0.72 0.52
VWNFX 0.54 0.62 0.57 0.51 0.67 0.43 0.40 0.52 0.15 0.24 0.22
VGHCX -0.09 -0.05 -0.12 -0.17 -0.07 -0.08 0.03 0.06 0.17 0.14 0.43
VWNDX 0.77 0.90 0.72 0.55 0.91 0.90 0.90 0.84 0.71 0.72 0.52
VWNFX 0.77 0.89 0.77 0.63 0.87 0.76 0.72 0.71 0.49 0.60 0.34
VWSTX 0.22 0.21 0.25 0.26 0.23 0.09 0.04 0.12 -0.16 -0.09 0.08
VWITX 0.31 0.42 0.31 0.22 0.44 0.38 0.26 0.33 0.14 0.23 0.30
VWLTX 0.30 0.44 0.30 0.19 0.47 0.42 0.27 0.34 0.16 0.30 0.26
VWEHX 0.68 0.72 0.62 0.53 0.77 0.77 0.80 0.78 0.69 0.58 0.54
EM EAFE85 Pacific Europe Intl Value COMM LTGB 5 Yr T ITB TBILL S-TIPS
VEIEX EM15 VPACX VEURX VTRIX PCRIX VUSTX VFITX VBMFX VMPXX VIPSX

60.9 57.33 39.39 79.8 40.33 3.3 31 20.3 18 7.37 8.9

62.7 68.82 93.82 44.5 50.71 -4.9 24.5 15.1 13.1 6 22.2
37.7 26.82 39.85 4.1 23.88 23 -2.93 2.9 1.14 6.12 8.4
40.4 30.37 35.19 16.4 18.78 16.7 9.15 6.1 7.35 7.18 18.9
65 18.93 2.68 29.1 25.97 1.9 17.93 13.3 13.64 8.87 6.1
-10.6 -21.31 -34.29 -3.4 -12.26 4.7 5.78 9.7 8.65 7.94 6.2
59.9 19.61 12.4 10.65 9.96 -1.6 17.43 15.3 15.25 5.73 15.9
11.4 -8.32 -3.32 -18.17 -8.72 -1.4 7.4 7.78 7.14 3.53 7.5
74.8 39.19 29.13 35.46 30.49 -2.5 16.79 11.43 9.68 2.86 15.7
-7.3 5.79 1.88 13.04 5.25 14 -7.03 -4.33 -2.66 3.81 3.2
0.56 9.94 22.28 2.75 9.65 11.1 30.11 20.44 18.18 5.49 0.8
15.83 7.81 21.26 -7.82 10.22 21.7 -1.25 1.92 3.58 5.09 4.1
-16.82 -0.74 24.23 -25.67 -4.58 4.4 13.9 8.96 9.44 5.12 8
-18.12 14.54 28.86 2.41 19.46 -27.6 13.05 10.61 8.58 5 2.8
61.57 32.44 16.62 57.05 21.81 7.2 -8.66 -3.52 -0.76 4.55 7.9
-27.56 -16.03 -8.18 -25.74 -7.48 42.4 19.72 14.03 11.39 5.8 4.8
-2.88 -19.17 -20.3 -26.34 -14.02 -31.7 4.31 7.55 8.43 3.99 7.61
-7.43 -14.46 -17.95 -9.32 -13.35 27.2 16.67 14.15 8.26 1.51 16.61
57.65 41.47 38.7 38.42 41.9 29.8 2.68 2.37 3.97 0.82 8
26.12 21.13 20.86 18.83 19.77 16.4 7.12 3.4 4.24 1 8.27
32.05 16.15 9.26 22.59 17.96 20.5 6.61 2.32 2.4 2.77 2.59
29.39 26.66 33.42 11.99 27.37 -3 1.74 3.14 4.27 4.55 0.43
VEIEX EAFE/EM VPACX VEURX VTRIX PCRIX VUSTX VFITX VBMFX VMPXX S-TIPS
24.78 16.23 17.54 12.30 14.23 7.80 10.27 8.32 7.88 4.78 8.41
32.55 24.01 26.90 27.56 18.70 17.31 10.94 6.87 5.63 2.15 5.92
20.56 13.85 14.59 9.18 12.75 6.36 9.76 8.11 7.74 4.76 8.25
1059.81 576.33 723.62 759.55 349.71 299.65 119.66 47.26 31.66 4.61 35.00

0.48 0.57 0.54 0.46 0.56 -0.17 0.26 0.17 0.34 0.23 -0.06

0.72 0.99 0.92 0.82 0.96 -0.05 0.21 0.06 0.10 0.06 0.34

0.61 0.48 0.47 0.27 0.51 0.17 0.50 0.51 0.55 0.00 0.61

VEIEX EAFE/EM VPACX VEURX VTRIX PCRIX VUSTX VFITX VBMFX VMPXX S-TIPS
 1.00
0.81 1.00
0.54 0.88 1.00
0.80 0.86 0.54 1.00
0.78 0.97 0.85 0.83 1.00
-0.04 -0.05 -0.05 -0.01 -0.02 1.00
0.07 0.19 0.21 0.14 0.15 -0.10 1.00
0.00 0.05 0.07 0.02 0.00 -0.17 0.96 1.00
0.09 0.11 0.10 0.07 0.06 -0.24 0.94 0.97 1.00
0.07 0.06 0.05 0.08 0.05 -0.19 0.29 0.38 0.45 1.00
0.45 0.38 0.35 0.24 0.22 -0.02 0.29 0.28 0.25 0.01 1.00
0.36 0.49 0.53 0.31 0.48 -0.10 0.60 0.50 0.64 0.28 0.00
0.16 0.26 0.31 0.12 0.23 -0.17 0.88 0.83 0.91 0.38 0.14
0.47 0.53 0.56 0.31 0.50 0.05 0.27 0.15 0.32 0.09 0.07
0.00 0.19 0.21 0.14 0.22 0.12 0.58 0.52 0.61 0.47 -0.12
0.63 0.49 0.33 0.45 0.56 0.03 -0.06 -0.11 -0.16 -0.38 0.27
0.47 0.53 0.56 0.31 0.50 0.05 0.27 0.15 0.32 0.09 0.07
0.20 0.33 0.48 0.05 0.36 0.02 0.42 0.30 0.45 0.15 -0.04
0.15 0.09 0.10 0.05 0.03 -0.33 0.65 0.76 0.81 0.80 0.35
0.26 0.31 0.30 0.21 0.22 -0.18 0.91 0.91 0.93 0.41 0.47
0.19 0.26 0.29 0.16 0.19 -0.09 0.94 0.92 0.93 0.35 0.41
0.51 0.56 0.55 0.35 0.44 -0.16 0.51 0.44 0.53 -0.04 0.40
Wellington Wellesley Energy Health P.Metals Windsor Windsor II V ST TE V Int TE V LT TE
VWELX VWINX VGENX VGHCX VGPMX VWNDX VWNFX VWSTX VWITX VWLTX

28.53 27.41 28.03 45.76 -5.03 28.03 11.12 6.95 17.33 20.77
18.4 18.34 20.27 21.42 49.88 20.27 21.41 7.39 16.21 19.38
2.28 -1.92 1.23 -0.5 38.73 1.23 -2.14 4.11 1.64 -1.14
16.11 13.61 28.7 28.4 -14.19 28.7 24.72 5.61 10 12.24
21.6 20.93 15.02 32.95 30.4 15.02 27.83 7.08 10 11.54
-2.81 3.76 -15.5 16.79 -19.86 -15.5 -9.98 6.57 7.2 6.82
23.65 21.57 28.55 46.32 4.37 28.55 28.7 7.2 12.16 13.5
7.93 8.67 16.5 -1.57 -19.41 16.5 11.99 4.71 8.85 9.3
13.52 14.65 19.37 11.81 93.36 19.37 13.6 3.82 11.55 13.45
-0.49 -4.44 -0.15 9.54 -5.42 -0.15 -1.16 1.7 -2.12 -5.75
32.92 28.91 30.15 45.17 -4.48 30.15 38.83 5.92 13.65 18.72
16.19 9.42 26.36 21.36 -0.75 26.36 24.18 3.69 4.2 4.41
23.23 20.19 21.97 28.57 -38.92 21.97 32.37 4.07 7.08 9.29
12.06 11.84 0.81 40.8 -3.91 0.81 16.36 4.32 5.76 6.02
4.41 -4.14 11.57 7.05 28.82 11.57 -5.81 2.58 -0.5 -3.53
10.4 16.17 15.89 60.53 -7.34 15.89 16.86 4.91 9.24 13.32
4.19 7.39 5.72 -6.87 18.33 5.72 -3.4 4.75 5.05 4.54
-6.9 4.64 -22.25 -11.36 33.35 -22.25 -16.86 3.49 7.91 10.11
20.75 9.66 37.01 26.58 59.45 37.01 30.08 1.64 4.46 5.21
11.17 7.57 13.38 9.51 8.09 13.38 18.31 1.12 3.23 4.12
6.82 3.48 4.99 15.41 43.79 4.99 7.01 1.65 2.24 3.07
14.97 11.28 19.35 10.87 34.3 19.35 18.25 3.26 4.43 5.16
VWELX VWINX VGENX VGHCX VGPMX VWNDX VWNFX VWSTX VWITX VWLTX
12.68 11.32 13.95 20.84 14.71 13.95 13.74 4.39 7.25 8.21
10.26 9.26 14.83 18.98 31.24 14.83 14.99 1.94 5.07 6.98
12.23 10.95 12.95 19.43 10.78 12.95 12.75 4.37 7.14 7.99
105.24 85.84 219.83 360.40 975.86 219.83 224.60 3.77 25.73 48.76

0.86 0.58 0.77 0.54 -0.09 0.77 0.77 0.22 0.31 0.30

0.49 0.27 0.52 0.22 0.43 0.52 0.34 0.08 0.30 0.26

0.77 0.71 0.62 0.85 0.32 0.62 0.60 -0.20 0.49 0.49

VWELX VWINX VWNDX VWNFX VGHCX VWNDX VWNFX VWSTX VWITX VWLTX
 1.00
0.87 1.00
0.86 0.61 1.00
0.70 0.71 0.53 1.00
-0.09 -0.17 0.01 -0.31 1.00
0.86 0.61 1.00 0.53 0.01 1.00
0.89 0.73 0.84 0.66 -0.12 0.84 1.00
0.40 0.65 0.16 0.45 -0.24 0.16 0.23 1.00
0.61 0.86 0.39 0.50 -0.04 0.39 0.42 0.80 1.00
0.64 0.89 0.41 0.55 -0.05 0.41 0.48 0.73 0.98 1.00
0.76 0.67 0.76 0.37 0.09 0.76 0.64 0.32 0.63 0.61
Hi-Yld C Inflation
VWEHX CPI-U

21.99 3.55
16.86 1.91
2.65 3.66
13.55 4.08
1.89 4.83
-5.85 5.39
29.01 4.25
14.24 3.03
18.24 2.96
-1.71 2.61
19.15 2.81
9.54 2.93
11.91 2.34
5.62 1.55
2.55 2.19
-0.88 3.38
2.9 2.83
1.73 1.59
17.2 2.27
8.52 2.68
2.77 3.39
8.24 3.24
VWEHX CPI-U
9.10 3.07
8.86 0.98
8.76 3.06
78.56 0.95

0.68 0.02

0.54 -0.21

0.49 -1.75

VWEHX
1.00
 Portfolio
Year LCB LCV SCV SCB EAFE/EM REIT ITB Returns Total Year
VFINX VIVAX VISVX NAESX VGTSX VGSIX VBMFX
Allocation 10% 10% 10% 10% 10% 10% 40% Allocation
10000
1972 1.90 1.90 0.70 0.44 3.84 0.80 2.28 11.86 11185.85 1972
1973 -1.47 -0.36 -2.60 -3.09 -1.47 -1.55 1.36 -9.18 10158.60 1973
1974 -2.65 -2.31 -1.82 -1.99 -2.35 -2.14 2.80 -10.46 9095.86 1974
1975 3.72 5.72 5.45 5.28 3.67 1.93 3.32 29.09 11742.02 1975
1976 2.39 4.40 5.36 5.74 0.32 4.76 4.68 27.65 14988.93 1976
1977 -0.78 0.14 2.18 2.54 2.30 2.24 1.20 9.82 16460.46 1977
1978 0.59 0.33 2.18 2.35 3.58 1.03 0.88 10.94 18260.42 1978
1979 1.80 2.05 3.54 4.31 0.45 3.59 2.64 18.38 21616.13 1979
1980 3.19 2.44 2.54 3.86 2.32 2.44 2.64 19.43 25816.80 1980
1981 -0.52 0.13 1.49 0.20 -0.02 0.60 4.32 6.20 27418.47 1981
1982 2.09 2.00 2.85 2.49 -0.09 2.16 10.16 21.66 33356.49 1982
1983 2.13 2.83 3.86 2.91 2.58 3.06 3.28 20.65 40244.60 1983
1984 0.62 1.01 0.23 -0.73 0.83 2.09 5.72 9.77 44175.29 1984
1985 3.12 3.15 3.10 3.11 5.73 1.91 7.20 27.33 56246.63 1985
1986 1.81 2.00 0.74 0.57 6.88 1.92 5.24 19.16 67022.36 1986
1987 0.47 0.05 -0.71 -0.88 2.68 -0.36 0.46 1.71 68167.77 1987
1988 1.62 2.32 2.95 2.49 3.04 1.35 2.94 16.71 79557.93 1988
1989 3.14 2.52 1.24 1.62 1.89 0.88 5.46 16.75 92879.90 1989
1990 -0.33 -0.81 -2.18 -1.95 -2.13 -1.54 3.46 -5.48 87787.30 1990
1991 3.02 2.46 4.17 4.61 1.96 3.57 6.10 25.89 110518.06 1991
1992 0.74 1.38 2.91 1.82 -0.83 1.46 2.86 10.34 121941.21 1992
1993 0.99 1.84 2.38 1.87 3.92 1.97 3.87 16.83 142469.40 1993
1994 0.12 -0.07 -0.15 -0.05 0.58 0.32 -1.06 -0.32 142012.08 1994
1995 3.75 3.69 2.58 2.87 0.99 1.53 7.27 22.69 174233.76 1995
1996 2.29 2.19 2.14 1.81 0.78 3.53 1.43 14.17 198921.73 1996
1997 3.32 2.98 3.18 2.46 -0.07 1.88 3.78 17.51 233761.28 1997
1998 2.86 1.46 -0.65 -0.26 1.45 -1.63 3.43 6.67 249350.12 1998
1999 2.11 1.26 0.34 2.31 3.24 -0.40 -0.30 8.55 270664.69 1999
2000 -0.91 0.61 2.19 -0.27 -1.60 2.64 4.56 7.21 290181.24 2000
2001 -1.20 -1.19 1.37 0.31 -1.92 1.24 3.37 1.98 295927.99 2001
2002 -2.22 -2.09 -1.42 -2.00 -1.45 0.38 3.30 -5.49 279666.89 2002
2003 2.85 3.23 3.72 4.56 4.15 3.57 1.59 23.66 345826.57 2003
2004 1.07 1.53 2.36 1.99 2.11 3.08 1.70 13.83 393664.93 2004
2005 0.48 0.71 0.61 0.74 1.61 1.19 0.96 6.29 418436.89 2005
2006 1.56 2.22 1.92 1.56 2.67 3.51 1.71 15.15 481822.34 2006

Sharpe
Portfolio Total CAGR Std.Dev Ratio C-US C-Intl Portfolio
481822 11.708 10.45 0.59 0.85 0.60

Correlation of your portfolio with different assets Correlation of your port

EAFE/
Portfolio LCB LCV SCV SCB REIT EM ITB Portfolio
Correlation VFINX VIVAX VISVX NAESX VGSIX VGTSX VBMFX Correlation
0.85 0.92 0.90 0.90 0.77 0.60 0.45
 Portfolio
LCB SCB EAFE/EM ITB Returns Total
VFINX NAESX VGTSX VBMFX
25% 25% 25% 25%
10000
4.75 1.10 9.60 1.43 16.87 11687.13
-3.68 -7.73 -3.68 0.85 -14.23 10023.61
-6.63 -4.98 -5.88 1.75 -15.73 8447.02
9.30 13.20 9.18 2.08 33.76 11298.31
5.98 14.35 0.81 2.93 24.06 14016.12
-1.95 6.35 5.74 0.75 10.89 15543.00
1.48 5.88 8.94 0.55 16.84 18160.06
4.50 10.78 1.12 1.65 18.04 21436.58
7.98 9.65 5.81 1.65 25.08 26813.41
-1.30 0.50 -0.04 2.70 1.86 27312.14
5.23 6.23 -0.23 6.35 17.57 32110.20
5.33 7.28 6.45 2.05 21.10 38885.46
1.55 -1.83 2.07 3.58 5.37 40972.64
7.81 7.78 14.33 4.50 34.42 55073.37
4.52 1.43 17.21 3.28 26.42 69623.75
1.18 -2.20 6.71 0.29 5.97 73778.55
4.06 6.23 7.59 1.84 19.71 88320.30
7.84 4.05 4.73 3.41 20.03 106013.06
-0.83 -4.88 -5.33 2.16 -8.87 96609.71
7.56 11.53 4.90 3.81 27.80 123462.37
1.86 4.55 -2.08 1.79 6.11 131005.92
2.47 4.68 9.80 2.42 19.36 156373.58
0.30 -0.13 1.45 -0.67 0.95 157859.13
9.36 7.19 2.49 4.55 23.58 195079.95
5.72 4.53 1.95 0.90 13.10 220632.74
8.30 6.15 -0.18 2.36 16.62 257303.00
7.16 -0.65 3.63 2.15 12.28 288904.32
5.27 5.78 8.11 -0.19 18.97 343709.83
-2.27 -0.67 -4.01 2.85 -4.09 329640.07
-3.01 0.78 -4.79 2.11 -4.91 313441.55
-5.54 -5.01 -3.61 2.07 -12.09 275539.02
7.13 11.41 10.37 0.99 29.89 357901.77
2.69 4.98 5.28 1.06 14.00 408017.41
1.19 1.84 4.04 0.60 7.67 439308.78
3.91 3.91 6.67 1.07 15.55 507633.93

Sharpe
Total CAGR Std.Dev Ratio C-US C-Intl
507633.9 11.874 13.32 0.50 0.90 0.78

Correlation of your portfolio with different assets

LCB SCB EAFE/ EM ITB

VFINX NAESX VGTSX VBMFX
0.49 0.41 -0.13 0.27
 EAFE/ Portfolio
Year LCV LCB SCV SCB REIT EM ITB Returns Total Year
VIVAX VFINX VISVX NAESX VGSIX VGTSX VBMFX
Allocation 10% 10% 10% 10% 10% 10% 40% Allocation
10000
1985 3.15 3.12 3.10 3.11 1.91 5.73 7.20 27.33 12732.60 1985
1986 2.00 1.81 0.74 0.57 1.92 6.88 5.24 19.16 15171.91 1986
1987 0.05 0.47 -0.71 -0.88 -0.36 2.68 0.46 1.71 15431.20 1987
1988 2.32 1.62 2.95 2.49 1.35 3.04 2.94 16.71 18009.60 1988
1989 2.52 3.14 1.24 1.62 0.88 1.89 5.46 16.75 21025.31 1989
1990 -0.81 -0.33 -2.18 -1.95 -1.54 -2.13 3.46 -5.48 19872.49 1990
1991 2.46 3.02 4.17 4.61 3.57 1.96 6.10 25.89 25018.07 1991
1992 1.38 0.74 2.91 1.82 1.46 -0.83 2.86 10.34 27603.94 1992
1993 1.84 0.99 2.38 1.87 1.97 3.92 3.87 16.83 32250.92 1993
1994 -0.07 0.12 -0.15 -0.05 0.32 0.58 -1.06 -0.32 32147.40 1994
1995 3.69 3.75 2.58 2.87 1.53 0.99 7.27 22.69 39441.45 1995
1996 2.19 2.29 2.14 1.81 3.53 0.78 1.43 14.17 45030.09 1996
1997 2.98 3.32 3.18 2.46 1.88 -0.07 3.78 17.51 52916.75 1997
1998 1.46 2.86 -0.65 -0.26 -1.63 1.45 3.43 6.67 56445.61 1998
1999 1.26 2.11 0.34 2.31 -0.40 3.24 -0.30 8.55 61270.61 1999
2000 0.61 -0.91 2.19 -0.27 2.64 -1.60 4.56 7.21 65688.58 2000
2001 -1.19 -1.20 1.37 0.31 1.24 -1.92 3.37 1.98 66989.48 2001
2002 -2.09 -2.22 -1.42 -2.00 0.38 -1.45 3.30 -5.49 63308.44 2002
2003 3.23 2.85 3.72 4.56 3.57 4.15 1.59 23.66 78285.07 2003
2004 1.53 1.07 2.36 1.99 3.08 2.11 1.70 13.83 89114.28 2004
2005 0.71 0.48 0.61 0.74 1.19 1.61 0.96 6.29 94721.93 2005
2006 2.22 1.56 1.92 1.56 3.51 2.67 1.71 15.15 109070.55 2006

Sharpe
Portfolio Total CAGR Std.Dev Ratio C-US C-Intl Portfolio
109070.55 11.47 9.55 0.74 0.81 0.63

Correlation of your portfolio with different assets Correlation of your portfolio

EAFE/
Portfolio LCV LCB SCV SCB REIT EM ITB Portfolio
Correlation VIVAX VFINX VISVX NAESX VGSIX VGTSX VBMFX Correlation
0.93 0.81 0.84 0.89 0.66 0.65 0.52
 Portfolio
LCB SCB EAFE/EM ITB Returns Total
VFINX NAESX VGTSX VBMFX
25% 25% 25% 25%
10000
7.81 1.10 14.33 4.50 27.74 12774.00
4.52 -7.73 17.21 3.28 17.27 14980.07
1.18 -4.98 6.71 0.29 3.19 15458.31
4.06 13.20 7.59 1.84 26.69 19583.36
7.84 14.35 4.73 3.41 30.33 25523.48
-0.83 6.35 -5.33 2.16 2.36 26124.56
7.56 5.88 4.90 3.81 22.15 31909.84
1.86 10.78 -2.08 1.79 12.34 35845.92
2.47 9.65 9.80 2.42 24.34 44570.37
0.30 0.50 1.45 -0.67 1.58 45273.47
9.36 6.23 2.49 4.55 22.62 55513.65
5.72 7.28 1.95 0.90 15.84 64309.02
8.30 -1.83 -0.18 2.36 8.65 69870.46
7.16 7.78 3.63 2.15 20.71 84340.11
5.27 1.43 8.11 -0.19 14.61 96664.42
-2.27 -2.20 -4.01 2.85 -5.63 91226.08
-3.01 6.23 -4.79 2.11 0.54 91715.05
-5.54 4.05 -3.61 2.07 -3.04 88929.32
7.13 -4.88 10.37 0.99 13.61 101031.71
2.69 11.53 5.28 1.06 20.55 121796.38
1.19 4.55 4.04 0.60 10.38 134437.78
3.91 4.68 6.67 1.07 16.32 156375.17

Sharpe
Total Ratio C-US
156375.17 0.86 0.78

Correlation of your portfolio with different assets

LCB SCB REIT ITB

VFINX NAESX VGSIX VBMFX
0.61 0.49 0.13 0.57
 Data_Sources
Credit to Trevh/Cb/Alec from Vanguard Diehards / Bogleheads forum for compiling this data from various sources.
http://www.diehards.org

Annual Return Data Sources:

http://www.tamasset.com/other/AC2705.xls
http://www.fpanet.org/journal/articles/2006_Issues/jfp0206-art7.cfm
https://flagship.vanguard.com/VGApp/hnw/FundsByType

Folowing is the list of the Abbreviations and a summary of the data sources by year range.

MKT = US Cap Weighted Market:

=============================
CRSP Market Decile 1-10 1972-1992
Vanguards Total Stock Market Index Fund 1993-2006

LCB = US Large Blend:

=====================
S&P 500: Standard & Poors 1972-1976
Vanguards 500 Index Fund 1977-2006

LCV = US Large Value:

=====================
Fama and French 1972-1978
Russell 1000 Value Index 1979-1992
Vanguards Value Index Fund 1993-2006

LCG = US Large Growth:

======================
Fama and French 1972-1978
Russell 1000 Growth Index 1979-1992
Vanguards Growth Index Fund 1993-2006

MCB = US Mid Blend:

===================
CRSP Decile 3-5 1972-1978
Russell Mid Cap Index 1979-1998
Vanguards Mid Cap Index Fund 1999-2006

SCB = US Small Blend:

=====================
Ibbotson 1972-1978
Russell 2000 Index 1979-1991
Vanguards Small Cap Index Fund 1992-2006

SCV = US Small Value:

=====================
Ibbotson 1972-1978
Russell 2000 Value Index 1979-1998
Vanguards Small Cap Value Index Fund 1999-2006

Page 33
 Data_Sources

SCG = US Small Growth:

======================
Ibbotson 1972–1978
Russell 2000 Growth Index 1979-1998
Vanguards Small Cap Growth Index Fund (VISGX) 1999-2006

MICRO = US MicroCap Blend:

==========================
CRSP Decile 10 1972-1997
BRSIX Bridgeway Ultra Small Market 1998-2006

REIT = Real Estate:

===================
Nat. Assn. of Real Estate Inv Trusts 1972-1996
Vanguards REIT Index Fund - 1997-2006

EAFE
================================
MSCI EAFE Index 1972-2000 (Developed Only)
Vanguard Developed Mkts Idx (VDMIX) 2001-2006

EM
================================
MSCI EAFE Index 1972-1987 (Developed Only)
IFA website (added back expenses):1972-1987
(http://www.ifa.com/library/support/data/IFAindexdata.asp)
Allocated 50% IFA International Value Index and 50% IFA International Small Company Index
MSCI Emerging Mkts Index 1988-1994
Vanguard Emerging Mkts Idx - 1995-2006

EAFE/EM
INTLT - Total International:
============================
MSCI EAFE Index 1972-1987 (Developed Only)
85% EAFE Ind 15% Emerging Markets Index 1988-1996
Vanguards Total International Index Fund 1997-2006

Page 34
 Data_Sources
this data from various sources.

Pacific
============================
MSCI Data 1972-1990
Vanguard Pacific Stock Index (VPACX) 1991-2006

Europe
============================
MSCI Data 1972-1984
Vanguard Europe Stock Index (VEURX) 1991-2006

International Value
============================
IFA Intl Value (ifa.com) 1972-1974
MSCI EAFA Value 1975-1983
Vanguard Intl Value (VTRIX) 1984-2006

Energy
============================
Vanguard Energy (VGENX) - 1985-2006

Health Care
============================
Vanguard Health (VGHCX) - 1985-2006

Commodities
============================
COMM - Commodities/Natural Resources
S&P Commodity Index 1972-2002
Pimco PCRIX 2003-2006

Precious Metals
============================
Vanguard Precious Metals (VGPMX) - 1985-2006

5YT - InterTerm Treasury Bonds:

===============================
Tamasset Spreadsheet 1972-1991
Vanguards InterTerm Treasury Fund (VFITX) 1992-2006

Page 35
 Data_Sources
Risk Free Benchmark for Sharpe:
===============================
T-Bills 1972-1983
Vanguard Treasury Money Market Fund (VMPXX) 1984-2006

ITB = Intermediate Term Bonds:

==============================
Ibbotson 1972
Lehman Brothers 1973-1986
Vanguards Total Bond Index Fund 1987-2006

TIPS
===============================
Synthetic TIPS data provided by Cb (Data from Kothari's paper)
http://www.diehards.org/forum/viewtopic.php?t=281
Vanguard Inflation-Protected Security Fund (VIPSX) 2001-2006)

LTGB = Long Term Government Bonds:

==================================
Tamasset Spreadsheet 1972-1986
Vanguards Long Term Treasury(VUSTX) 1987-2006

Windsor
==================================
Vanguard Windsor (VWNDX) - 1985-2006

Windsor II
==================================
Vanguard Windsor II (VWNFX) 1985-2006

High Yield Corporate

==================================
Vanguard High Yield Corporate (VWHEX) 1985-2006

CPI-U (Inflation)
==================================
Consumer Price Index - Urban - 1972-2006
Compiled by Bureau of Labor and Statistics

Page 36