Active vs Passive - Part 1: Relative performance for trailing 1, 3, and 5 years
AlphaCycle Investing is the basis for our investment process (see "Alpha Unleashed", Journal of Indexes, March 2008). www.indexuniverse.com The specialty AlphaCycle Indexes use this approach, and have generated consistent and broad-based historical outperformance versus their corresponding passive indexes.
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| AIPAFIG |
Financials |
DJ US Financial Services |
-8.11% |
-21.41% |
13.30% |
0.70 |
| AIPAHCG |
Health Care |
DJ US Healthcare |
10.45% |
8.36% |
2.09% |
0.90 |
| AIPANRG |
Natural Resources |
S&P GSSI Natural Res |
37.99% |
34.44% |
3.55% |
1.03 |
| AIPAREG |
Real Estate |
DJ US Real Estate |
-11.94% |
-18.15% |
6.21% |
0.93 |
| AIPATEG |
Technology |
S&P GSTI Technology |
22.52% |
16.94% |
5.58% |
0.91 |
| AIPAUTG |
Utilities |
S&P GSSI Utilities |
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| AIRALVG |
Large Value |
Russell 1000 Value |
1.69% |
-0.17% |
1.86% |
0.94 |
| AIRALCG |
Large Blend |
S&P 500 |
10.18% |
5.49% |
4.69% |
0.98 |
| AIRALGG |
Large Growth |
Russell 1000 Growth |
15.63% |
11.81% |
3.82% |
0.98 |
| AIRAMVG |
Mid Value |
Russell Midcap Value |
5.76% |
-1.42% |
7.18% |
0.90 |
| AIRAMCG |
Mid Blend |
Russell Midcap |
10.31% |
5.60% |
4.71% |
0.91 |
| AIRAMGG |
Mid Growth |
Russell Midcap Growth |
22.45% |
11.43% |
11.02% |
1.01 |
| AIRASVG |
Small Value |
Russell 2000 Value |
-0.61% |
-9.78% |
9.17% |
0.73 |
| AIRASCG |
Small Blend |
Russell 2000 |
2.91% |
-1.57% |
4.48% |
0.82 |
| AIRASGG |
Small Growth |
Russell 2000 Growth |
17.53% |
7.05% |
10.48% |
0.86 |
| AIRILBG |
Large Blend |
S&P 500 |
6.89% |
5.49% |
1.40% |
1.07 |
| AIRILVG |
Large Value |
Russell 1000 Value |
-1.86% |
-0.17% |
-1.69% |
0.92 |
| AIRILGG |
Large Growth |
Russell 1000 Growth |
17.08% |
11.81% |
5.27% |
1.07 |
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THE FOLLOWING DATA IS FOR PERIODS ENDING March 31, 2008:
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| AIPAFIG |
Financials |
DJ US Financial Services |
12.93 |
5.90 |
4.91 |
3.64 |
0.78 |
| AIPAHCG |
Health Care |
DJ US Healthcare |
0.21 |
2.75 |
|
3.36 |
0.92 |
| AIPANRG |
Natural Resources |
S&P GSSI Natural Res |
4.59 |
3.75 |
5.16 |
6.06 |
1.01 |
| AIPAREG |
Real Estate |
DJ US Real Estate |
5.68 |
4.83 |
3.54 |
2.52 |
0.92 |
| AIPATEG |
Technology |
S&P GSTI Technology |
0.29 |
4.98 |
3.82 |
2.36 |
1.03 |
| AIPAUTG |
Utilities |
S&P GSSI Utilities |
9.43 |
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|
9.73 |
0.94 |
| AIRALVG |
Large Value |
Russell 1000 Value |
1.28 |
0.90 |
1.22 |
0.40 |
1.01 |
| AIRALCG |
Large Blend |
S&P 500 |
2.81 |
2.67 |
1.97 |
1.93 |
0.98 |
| AIRALGG |
Large Growth |
Russell 1000 Growth |
-0.32 |
2.08 |
2.09 |
1.64 |
1.05 |
| AIRAMVG |
Mid Value |
Russell Midcap Value |
5.48 |
0.34 |
-1.19 |
-1.62 |
0.99 |
| AIRAMCG |
Mid Blend |
Russell Midcap |
4.42 |
1.63 |
0.48 |
-0.32 |
0.98 |
| AIRAMGG |
Mid Growth |
Russell Midcap Growth |
7.36 |
4.97 |
1.65 |
1.47 |
0.99 |
| AIRASVG |
Small Value |
Russell 2000 Value |
8.71 |
1.75 |
1.21 |
1.07 |
0.88 |
| AIRASCG |
Small Blend |
Russell 2000 |
3.58 |
3.07 |
2.76 |
2.39 |
0.90 |
| AIRASGG |
Small Growth |
Russell 2000 Growth |
4.35 |
2.81 |
2.91 |
2.68 |
0.90 |
| AIRILBG |
Large Blend |
S&P 500 |
-2.30 |
0.23 |
1.93 |
0.83 |
0.91 |
| AIRILVG |
Large Value |
Russell 1000 Value |
-2.54 |
-1.73 |
-1.16 |
-0.03 |
0.87 |
| AIRILGG |
Large Growth |
Russell 1000 Growth |
2.85 |
3.40 |
4.20 |
3.38 |
0.88 |
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