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dual_momentum

voo_veu_long_proxy

Strategy Description

Dual Momentum on VOO (US large cap) and VEU (international ex-US) with AGG as the defensive sleeve. 12-month ROC, T-bill hurdle. Long-history proxies splice VFINX→VOO, VWIGX→VGTSX→VEU, VBMFX→AGG to extend the series back to 1986. Pre-tax and taxable runs from tiingo_stocks_codex; taxable uses lot-level accounting with carryover loss tracking.

Universe: VOO,VEU,AGG

Rebalance Frequency: monthly | Period: December 31, 1986 to May 1, 2026

Current Signal

As of June 18, 2026
Asset Ticker 12-Month ROC Price
US Equity (S&P 500) VOO 26.79% $688.11
International Equity VEU 33.67% $84.92
US Aggregate Bonds (safe asset) AGG 4.84% $98.90
Current Selection: VEU — the higher of VOO/VEU by trailing 12-month ROC if it clears the 3-month T-bill hurdle; AGG otherwise.

Portfolio Value Over Time

After-tax performance

Performance Summary

39.3 years of data
Metric Value
Period December 31, 1986 to May 1, 2026 (39.3 years)
After-Tax CAGR 8.60%
Pre-Tax CAGR 11.09%
Tax Drag 2.49%
Final Value (After-Tax) $256,495 (from $10,000)
Final Value (Pre-Tax) $626,603
Total Taxes Paid $97,375
Effective Tax Rate 15.8% on gains
Total Transactions 177 (5 per year)
Maximum Drawdown -34.78%

Drawdown Analysis

Top 5 drawdowns
Rank Drawdown Peak Date Trough Date Recovery Date Duration
1 -34.78% Aug, 1987 Jan, 1988 Apr, 1991 44 mo
2 -33.80% Oct, 2007 Jun, 2010 Oct, 2013 72 mo
3 -26.30% Jun, 1999 Nov, 2000 Dec, 2003 54 mo
4 -24.88% Oct, 2021 Oct, 2023 Aug, 2024 34 mo
5 -19.58% Dec, 2019 Mar, 2020 Dec, 2020 12 mo

Rolling Period Analysis

Best and worst CAGR for rolling periods
Period Best CAGR Best Period Worst CAGR Worst Period
1-Year 51.86% 1996-07-31 to 1997-07-31 -31.37% 1987-08-31 to 1988-08-31
3-Year 32.07% 1995-03-31 to 1998-03-31 -9.66% 2007-06-29 to 2010-06-30
5-Year 24.59% 1994-06-30 to 1999-06-30 -2.93% 2007-10-31 to 2012-10-31
10-Year 18.03% 1988-12-30 to 1998-12-31 2.46% 2013-10-31 to 2023-10-31

Annual Returns

41 years
Year Pre-Tax Return After-Tax Return Tax Drag Pre-Tax Value After-Tax Value
2026 10.18% 10.06% 0.12% $626,603 $256,495
2025 15.37% 4.64% 10.73% $568,728 $233,060
2024 24.98% 24.98% -0.00% $492,959 $222,721
2023 8.44% 8.44% -0.00% $394,444 $178,212
2022 -16.42% -16.42% 0.00% $363,742 $164,340
2021 25.32% 13.28% 12.04% $435,216 $196,633
2020 2.55% 2.55% 0.00% $347,291 $173,582
2019 18.82% 18.50% 0.33% $338,666 $169,271
2018 -7.93% -9.08% 1.15% $285,015 $142,846
2017 20.93% 16.02% 4.92% $309,578 $157,113
2016 5.20% 5.20% 0.00% $255,990 $135,423
2015 -6.52% -12.43% 5.91% $243,328 $128,725
2014 13.55% 13.48% 0.06% $260,290 $146,996
2013 28.94% 27.95% 0.99% $229,231 $129,530
2012 11.36% 7.44% 3.92% $177,780 $101,234
2011 0.10% -3.28% 3.38% $159,644 $94,222
2010 3.82% 3.82% 0.00% $159,484 $97,421
2009 6.43% 3.80% 2.63% $153,622 $93,841
2008 -8.52% -18.96% 10.44% $144,342 $90,406
2007 15.15% 15.15% 0.00% $157,787 $111,557
2006 26.64% 26.64% 0.00% $137,025 $96,878
2005 15.57% 15.57% 0.01% $108,203 $76,501
2004 20.84% 20.74% 0.09% $93,624 $66,196
2003 18.75% 16.95% 1.80% $77,480 $54,824
2002 8.21% 8.21% 0.00% $65,246 $46,879
2001 8.44% 8.44% 0.00% $60,293 $43,320
2000 -18.27% -18.27% 0.00% $55,601 $39,949
1999 21.91% 3.10% 18.81% $68,028 $48,878
1998 28.62% 28.62% 0.00% $55,802 $47,407
1997 33.21% 33.20% 0.01% $43,386 $36,859
1996 22.86% 22.74% 0.12% $32,569 $27,672
1995 34.34% 32.64% 1.69% $26,509 $22,544
1994 0.76% -3.99% 4.74% $19,734 $16,996
1993 23.76% 16.86% 6.90% $19,586 $17,702
1992 8.21% 8.03% 0.19% $15,825 $15,148
1991 26.16% 23.33% 2.83% $14,624 $14,023
1990 -2.32% -4.18% 1.87% $11,592 $11,370
1989 31.37% 31.37% 0.00% $11,867 $11,867
1988 7.09% 7.09% 0.00% $9,033 $9,033
1987 -15.65% -15.65% 0.00% $8,435 $8,435
1986 0.00% 0.00% 0.00% $10,000 $10,000

Monthly Returns

Last 120 months | 473 total
Date Pre-Tax Return After-Tax Return Pre-Tax Value After-Tax Value Holdings
Apr, 2026 7.75% 7.63% $626,603 $256,495 VEU
Mar, 2026 -8.07% -8.07% $581,536 $238,309 VEU
Feb, 2026 5.26% 5.26% $632,590 $259,230 VEU
Jan, 2026 5.67% 5.67% $600,968 $246,272 VEU
Dec, 2025 2.55% -6.99% $568,728 $233,060 VEU
Nov, 2025 0.43% 0.43% $554,592 $250,567 VEU
Oct, 2025 2.39% 2.39% $552,236 $249,503 VEU
Sep, 2025 3.55% 3.55% $539,325 $243,669 VOO
Aug, 2025 2.08% 2.08% $520,842 $235,319 VOO
Jul, 2025 -0.92% -0.92% $510,251 $230,534 VOO
Jun, 2025 5.17% 5.17% $515,001 $232,680 VEU
May, 2025 4.64% 4.64% $489,679 $221,239 VOO
Apr, 2025 -0.81% -0.81% $467,984 $211,437 VEU
Mar, 2025 -5.61% -5.61% $471,812 $213,167 VOO
Feb, 2025 -1.27% -1.27% $499,839 $225,829 VOO
Jan, 2025 2.69% 2.69% $506,243 $228,723 VOO
Dec, 2024 -2.34% -2.34% $492,959 $222,721 VOO
Nov, 2024 5.89% 5.89% $504,749 $228,048 VOO
Oct, 2024 -0.95% -0.95% $476,678 $215,365 VOO
Sep, 2024 2.18% 2.18% $481,238 $217,425 VOO
Aug, 2024 2.39% 2.39% $470,986 $212,794 VOO
Jul, 2024 1.16% 1.16% $459,976 $207,819 VOO
Jun, 2024 3.57% 3.57% $454,703 $205,437 VOO
May, 2024 5.03% 5.03% $439,036 $198,358 VOO
Apr, 2024 -4.01% -4.01% $418,027 $188,867 VOO
Mar, 2024 3.28% 3.28% $435,485 $196,754 VOO
Feb, 2024 5.21% 5.21% $421,652 $190,504 VOO
Jan, 2024 1.61% 1.61% $400,783 $181,076 VOO
Dec, 2023 4.58% 4.58% $394,444 $178,212 VOO
Nov, 2023 8.23% 8.23% $377,152 $170,399 VOO
Oct, 2023 -3.20% -3.20% $348,487 $157,448 VEU
Sep, 2023 -4.75% -4.75% $360,008 $162,653 VEU
Aug, 2023 -1.63% -1.63% $377,946 $170,758 VOO
Jul, 2023 3.29% 3.29% $384,203 $173,584 VOO
Jun, 2023 -0.37% -0.37% $371,964 $168,055 VOO
May, 2023 -1.14% -1.14% $373,343 $168,678 AGG
Apr, 2023 0.57% 0.57% $377,654 $170,626 AGG
Mar, 2023 2.64% 2.64% $375,498 $169,652 AGG
Feb, 2023 -2.67% -2.67% $365,831 $165,284 AGG
Jan, 2023 3.33% 3.33% $375,855 $169,813 AGG
Dec, 2022 -0.87% -0.87% $363,742 $164,340 AGG
Nov, 2022 3.81% 3.81% $366,944 $165,787 AGG
Oct, 2022 -1.28% -1.28% $353,483 $159,705 AGG
Sep, 2022 -4.14% -4.14% $358,068 $161,777 AGG
Aug, 2022 -3.04% -3.04% $373,547 $168,770 AGG
Jul, 2022 2.54% 2.54% $385,269 $174,066 AGG
Jun, 2022 -1.55% -1.55% $375,740 $169,761 AGG
May, 2022 0.76% 0.76% $381,664 $172,437 AGG
Apr, 2022 -8.78% -8.78% $378,778 $171,134 AGG
Mar, 2022 3.78% 3.78% $415,255 $187,614 VOO
Feb, 2022 -2.98% -2.98% $400,115 $180,774 VOO
Jan, 2022 -5.24% -5.24% $412,407 $186,327 VOO
Dec, 2021 4.55% -5.49% $435,216 $196,633 VOO
Nov, 2021 -0.73% -0.73% $416,261 $208,055 VOO
Oct, 2021 7.04% 7.04% $419,341 $209,594 VOO
Sep, 2021 -4.66% -4.66% $391,766 $195,812 VOO
Aug, 2021 2.95% 2.95% $410,932 $205,391 VOO
Jul, 2021 2.45% 2.45% $399,150 $199,503 VOO
Jun, 2021 -0.49% -0.49% $389,616 $194,737 VOO
May, 2021 0.67% 0.67% $391,528 $195,693 VEU
Apr, 2021 5.29% 5.29% $388,933 $194,396 VOO
Mar, 2021 4.57% 4.57% $369,393 $184,630 VOO
Feb, 2021 2.77% 2.77% $353,252 $176,562 VOO
Jan, 2021 -1.02% -1.02% $343,744 $171,809 VOO
Dec, 2020 3.75% 3.75% $347,291 $173,582 VOO
Nov, 2020 10.95% 10.95% $334,753 $167,316 VOO
Oct, 2020 -2.55% -2.55% $301,725 $150,808 VOO
Sep, 2020 -3.75% -3.75% $309,604 $154,746 VOO
Aug, 2020 6.97% 6.97% $321,681 $160,782 VOO
Jul, 2020 5.88% 5.88% $300,718 $150,304 VOO
Jun, 2020 1.83% 1.83% $284,013 $141,955 VOO
May, 2020 0.67% 0.67% $278,897 $139,398 VOO
Apr, 2020 1.72% 1.72% $277,033 $138,466 AGG
Mar, 2020 -12.46% -12.46% $272,349 $136,125 AGG
Feb, 2020 -8.10% -8.10% $311,119 $155,503 VOO
Jan, 2020 -0.04% -0.04% $338,540 $169,209 VOO
Dec, 2019 2.97% 2.69% $338,666 $169,271 VOO
Nov, 2019 3.63% 3.63% $328,887 $164,835 VOO
Oct, 2019 2.18% 2.18% $317,380 $159,067 VOO
Sep, 2019 1.97% 1.97% $310,600 $155,670 VOO
Aug, 2019 -1.64% -1.64% $304,589 $152,657 VOO
Jul, 2019 1.46% 1.46% $309,670 $155,203 VOO
Jun, 2019 6.99% 6.99% $305,213 $152,970 VOO
May, 2019 -6.35% -6.35% $285,275 $142,977 VOO
Apr, 2019 4.03% 4.03% $304,611 $152,668 VOO
Mar, 2019 1.92% 1.92% $292,799 $146,748 VOO
Feb, 2019 -0.11% -0.11% $287,286 $143,985 VOO
Jan, 2019 0.91% 0.91% $287,611 $144,147 AGG
Dec, 2018 -8.84% -9.97% $285,015 $142,846 AGG
Nov, 2018 1.89% 1.89% $312,643 $158,668 VOO
Oct, 2018 -6.84% -6.84% $306,858 $155,733 VOO
Sep, 2018 0.58% 0.58% $329,380 $167,163 VOO
Aug, 2018 3.22% 3.22% $327,489 $166,203 VOO
Jul, 2018 3.56% 3.56% $317,274 $161,018 VOO
Jun, 2018 0.76% 0.76% $306,358 $155,479 VOO
May, 2018 -1.99% -1.99% $304,060 $154,313 VOO
Apr, 2018 0.57% 0.57% $310,245 $157,451 VEU
Mar, 2018 -0.44% -0.44% $308,486 $156,559 VEU
Feb, 2018 -5.31% -5.31% $309,861 $157,257 VEU
Jan, 2018 5.70% 5.70% $327,229 $166,071 VEU
Dec, 2017 2.05% -2.10% $309,578 $157,113 VEU
Nov, 2017 0.63% 0.63% $303,367 $160,487 VEU
Oct, 2017 1.95% 1.95% $301,460 $159,478 VEU
Sep, 2017 1.84% 1.84% $295,682 $156,421 VEU
Aug, 2017 0.64% 0.64% $290,343 $153,596 VEU
Jul, 2017 3.38% 3.38% $288,502 $152,623 VEU
Jun, 2017 0.51% 0.51% $279,075 $147,636 VEU
May, 2017 1.40% 1.40% $277,672 $146,893 VEU
Apr, 2017 1.04% 1.04% $273,826 $144,859 VOO
Mar, 2017 0.13% 0.13% $271,008 $143,368 VOO
Feb, 2017 3.88% 3.88% $270,653 $143,180 VOO
Jan, 2017 1.78% 1.78% $260,554 $137,838 VOO
Dec, 2016 2.07% 2.07% $255,990 $135,423 VOO
Nov, 2016 3.73% 3.73% $250,792 $132,673 VOO
Oct, 2016 -1.79% -1.79% $241,784 $127,908 VOO
Sep, 2016 0.04% 0.04% $246,195 $130,241 VOO
Aug, 2016 0.12% 0.12% $246,108 $130,195 VOO
Jul, 2016 3.68% 3.68% $245,812 $130,039 VOO
Jun, 2016 0.32% 0.32% $237,078 $125,419 VOO
May, 2016 0.01% 0.01% $236,320 $125,018 VOO
Apr, 2016 0.35% 0.35% $236,287 $125,000 AGG
Mar, 2016 0.87% 0.87% $235,463 $124,564 VOO
Feb, 2016 0.89% 0.89% $233,432 $123,490 AGG
Jan, 2016 -4.91% -4.91% $231,378 $122,403 AGG
Dec, 2015 -1.74% -7.96% $243,328 $128,725 VOO
Nov, 2015 0.43% 0.43% $247,645 $139,855 VOO
Oct, 2015 0.07% 0.07% $246,597 $139,263 VOO
Sep, 2015 -2.47% -2.47% $246,428 $139,168 AGG
Aug, 2015 -6.14% -6.14% $252,665 $142,690 VOO
Jul, 2015 2.18% 2.18% $269,183 $152,018 VOO
Jun, 2015 -1.95% -1.95% $263,449 $148,780 VOO
May, 2015 1.25% 1.25% $268,689 $151,739 VOO
Apr, 2015 1.00% 1.00% $265,370 $149,865 VOO
Mar, 2015 -1.57% -1.57% $262,731 $148,375 VOO
Feb, 2015 5.58% 5.58% $266,922 $150,741 VOO
Jan, 2015 -2.87% -2.87% $252,816 $142,775 VOO
Dec, 2014 -0.32% -0.38% $260,290 $146,996 VOO
Nov, 2014 2.76% 2.76% $261,121 $147,550 VOO
Oct, 2014 2.40% 2.40% $254,113 $143,590 VOO
Sep, 2014 -1.38% -1.38% $248,150 $140,220 VOO
Aug, 2014 3.97% 3.97% $251,614 $142,178 VOO
Jul, 2014 -1.38% -1.38% $242,000 $136,745 VOO
Jun, 2014 2.09% 2.09% $245,378 $138,654 VOO
May, 2014 2.29% 2.29% $240,357 $135,817 VOO
Apr, 2014 0.72% 0.72% $234,965 $132,770 VOO
Mar, 2014 0.88% 0.88% $233,277 $131,816 VOO
Feb, 2014 4.57% 4.57% $231,237 $130,663 VOO
Jan, 2014 -3.53% -3.53% $221,141 $124,958 VOO
Dec, 2013 2.64% 1.85% $229,231 $129,530 VOO
Nov, 2013 3.00% 3.00% $223,338 $127,176 VOO
Oct, 2013 4.47% 4.47% $216,842 $123,477 VOO
Sep, 2013 3.39% 3.39% $207,568 $118,197 VOO
Aug, 2013 -3.08% -3.08% $200,759 $114,319 VOO
Jul, 2013 5.30% 5.30% $207,143 $117,954 VOO
Jun, 2013 -1.50% -1.50% $196,709 $112,013 VOO
May, 2013 2.32% 2.32% $199,708 $113,720 VOO
Apr, 2013 2.09% 2.09% $195,171 $111,137 VOO
Mar, 2013 3.61% 3.61% $191,169 $108,858 VOO
Feb, 2013 1.33% 1.33% $184,510 $105,066 VOO
Jan, 2013 2.43% 2.43% $182,093 $103,690 VOO
Dec, 2012 1.02% -2.54% $177,780 $101,234 VEU
Nov, 2012 0.57% 0.57% $175,992 $103,871 VOO
Oct, 2012 -1.96% -1.96% $174,991 $103,280 VOO
Sep, 2012 2.55% 2.55% $178,483 $105,341 VOO
Aug, 2012 2.51% 2.51% $174,041 $102,720 VOO
Jul, 2012 1.20% 1.20% $169,785 $100,208 VOO
Jun, 2012 -0.02% -0.02% $167,765 $99,015 VOO
May, 2012 -6.00% -6.00% $167,798 $99,035 AGG
Apr, 2012 -0.64% -0.64% $178,516 $105,361 VOO
Mar, 2012 3.30% 3.30% $179,660 $106,036 VOO
Feb, 2012 4.28% 4.28% $173,927 $102,652 VOO
Jan, 2012 4.47% 4.47% $166,785 $98,437 VOO
Dec, 2011 1.12% -2.30% $159,644 $94,222 VOO
Nov, 2011 -0.30% -0.30% $157,873 $96,438 VOO
Oct, 2011 10.74% 10.74% $158,343 $96,724 VOO
Sep, 2011 -6.79% -6.79% $142,984 $87,342 VOO
Aug, 2011 -5.52% -5.52% $153,396 $93,703 VOO
Jul, 2011 -2.37% -2.37% $162,352 $99,173 VOO
Jun, 2011 -1.09% -1.09% $166,291 $101,580 VEU
May, 2011 -3.17% -3.17% $168,127 $102,701 VEU
Apr, 2011 2.94% 2.94% $173,636 $106,066 VEU
Mar, 2011 0.00% 0.00% $168,683 $103,041 VOO
Feb, 2011 3.47% 3.47% $168,681 $103,040 VOO
Jan, 2011 2.22% 2.22% $163,030 $99,588 VOO
Dec, 2010 6.92% 6.92% $159,484 $97,421 VOO
Nov, 2010 -0.11% -0.11% $149,161 $91,116 VOO
Oct, 2010 3.78% 3.78% $149,326 $91,217 VOO
Sep, 2010 8.49% 8.49% $143,894 $87,898 VOO
Aug, 2010 -4.53% -4.53% $132,629 $81,017 VFINX
Jul, 2010 7.00% 7.00% $138,921 $84,861 VFINX
Jun, 2010 -5.25% -5.25% $129,838 $79,312 VFINX
May, 2010 -10.90% -10.90% $137,030 $83,706 VFINX
Apr, 2010 -1.76% -1.76% $153,798 $93,948 VEU
Mar, 2010 6.72% 6.72% $156,546 $95,627 VEU
Feb, 2010 1.31% 1.31% $146,682 $89,602 VEU
Jan, 2010 -5.76% -5.76% $144,780 $88,440 VEU
Dec, 2009 1.39% -1.11% $153,622 $93,841 VEU
Nov, 2009 4.85% 4.85% $151,514 $94,898 VEU
Oct, 2009 -3.17% -3.17% $144,501 $90,506 VEU
Sep, 2009 1.19% 1.19% $149,234 $93,470 VEU
Aug, 2009 1.22% 1.22% $147,481 $92,372 AGG
Jul, 2009 1.27% 1.27% $145,701 $91,257 AGG
Jun, 2009 0.42% 0.42% $143,875 $90,113 AGG
May, 2009 0.71% 0.71% $143,266 $89,732 AGG
Apr, 2009 0.52% 0.52% $142,254 $89,098 AGG
Mar, 2009 1.10% 1.10% $141,525 $88,641 AGG
Feb, 2009 -1.05% -1.05% $139,982 $87,675 AGG
Jan, 2009 -1.99% -1.99% $141,475 $88,610 AGG
Dec, 2008 6.65% -5.52% $144,342 $90,406 AGG
Nov, 2008 3.03% 3.03% $135,338 $95,685 AGG
Oct, 2008 -2.28% -2.28% $131,357 $92,870 AGG
Sep, 2008 -1.76% -1.76% $134,419 $95,035 AGG
Aug, 2008 0.74% 0.74% $136,829 $96,739 AGG
Jul, 2008 0.39% 0.39% $135,820 $96,026 AGG
Jun, 2008 -8.38% -8.38% $135,286 $95,648 AGG
May, 2008 1.42% 1.42% $147,654 $104,393 VEU
Apr, 2008 0.33% 0.33% $145,589 $102,932 VEU
Mar, 2008 -0.09% -0.09% $145,109 $102,593 AGG
Feb, 2008 -0.22% -0.22% $145,244 $102,689 VEU
Jan, 2008 -7.74% -7.74% $145,567 $102,917 VEU
Dec, 2007 -2.03% -2.03% $157,787 $111,557 VEU
Nov, 2007 -4.96% -4.96% $161,053 $113,866 VEU
Oct, 2007 6.37% 6.37% $169,460 $119,810 VEU
Sep, 2007 6.15% 6.15% $159,318 $112,639 VEU
Aug, 2007 -0.20% -0.20% $150,083 $106,110 VEU
Jul, 2007 -1.16% -1.16% $150,376 $106,317 VEU
Jun, 2007 0.67% 0.67% $152,138 $107,563 VEU
May, 2007 3.32% 3.32% $151,124 $106,846 VEU
Apr, 2007 3.95% 3.95% $146,266 $103,411 VEU
Mar, 2007 1.66% 1.66% $140,714 $99,486 VEU
Feb, 2007 0.06% 0.06% $138,421 $97,865 VGTSX
Jan, 2007 0.96% 0.96% $138,343 $97,810 VGTSX
Dec, 2006 3.09% 3.09% $137,025 $96,878 VGTSX
Nov, 2006 3.73% 3.73% $132,922 $93,977 VGTSX
Oct, 2006 4.00% 4.00% $128,145 $90,600 VGTSX
Sep, 2006 0.25% 0.25% $123,216 $87,115 VGTSX
Aug, 2006 2.53% 2.53% $122,913 $86,901 VGTSX
Jul, 2006 1.15% 1.15% $119,880 $84,756 VGTSX
Jun, 2006 -0.38% -0.38% $118,515 $83,791 VGTSX
May, 2006 -4.45% -4.45% $118,970 $84,113 VGTSX
Apr, 2006 5.12% 5.12% $124,505 $88,027 VGTSX
Mar, 2006 3.17% 3.17% $118,439 $83,738 VGTSX
Feb, 2006 -0.72% -0.72% $114,800 $81,165 VGTSX
Jan, 2006 6.87% 6.87% $115,634 $81,754 VGTSX
Dec, 2005 5.14% 5.14% $108,203 $76,501 VGTSX
Nov, 2005 2.67% 2.67% $102,913 $72,764 VGTSX
Oct, 2005 -3.37% -3.37% $100,238 $70,872 VGTSX
Sep, 2005 4.73% 4.73% $103,730 $73,342 VGTSX
Aug, 2005 2.85% 2.85% $99,049 $70,032 VGTSX
Jul, 2005 3.68% 3.68% $96,299 $68,088 VGTSX
Jun, 2005 1.30% 1.30% $92,881 $65,671 VGTSX
May, 2005 0.08% 0.08% $91,692 $64,831 VGTSX
Apr, 2005 -2.07% -2.07% $91,618 $64,778 VGTSX
Mar, 2005 -2.93% -2.93% $93,550 $66,144 VGTSX
Feb, 2005 4.68% 4.68% $96,374 $68,140 VGTSX
Jan, 2005 -1.67% -1.67% $92,064 $65,093 VGTSX
Dec, 2004 4.44% 4.36% $93,624 $66,196 VGTSX
Nov, 2004 7.23% 7.23% $89,641 $63,429 VGTSX
Oct, 2004 3.24% 3.24% $83,597 $59,152 VGTSX
Sep, 2004 2.96% 2.96% $80,975 $57,297 VGTSX
Aug, 2004 0.75% 0.75% $78,645 $55,648 VGTSX
Jul, 2004 -3.34% -3.34% $78,062 $55,236 VGTSX
Jun, 2004 2.40% 2.40% $80,757 $57,142 VGTSX
May, 2004 0.46% 0.46% $78,863 $55,803 VGTSX
Apr, 2004 -3.14% -3.14% $78,499 $55,545 VGTSX
Mar, 2004 0.45% 0.45% $81,048 $57,348 VGTSX
Feb, 2004 2.50% 2.50% $80,684 $57,091 VGTSX
Jan, 2004 1.60% 1.60% $78,718 $55,700 VGTSX
Dec, 2003 7.80% 6.17% $77,480 $54,824 VGTSX
Nov, 2003 2.13% 2.13% $71,872 $51,640 VGTSX
Oct, 2003 6.49% 6.49% $70,370 $50,561 VGTSX
Sep, 2003 -1.07% -1.07% $66,079 $47,478 VGTSX
Aug, 2003 1.93% 1.93% $66,795 $47,992 VFINX
Jul, 2003 -3.34% -3.34% $65,528 $47,082 VFINX
Jun, 2003 -0.13% -0.13% $67,791 $48,708 VBMFX
May, 2003 1.82% 1.82% $67,883 $48,774 VBMFX
Apr, 2003 0.87% 0.87% $66,667 $47,900 VBMFX
Mar, 2003 -0.13% -0.13% $66,094 $47,488 VBMFX
Feb, 2003 1.38% 1.38% $66,178 $47,549 VBMFX
Jan, 2003 0.05% 0.05% $65,280 $46,903 VBMFX
Dec, 2002 2.07% 2.07% $65,246 $46,879 VBMFX
Nov, 2002 0.02% 0.02% $63,922 $45,928 VBMFX
Oct, 2002 -0.61% -0.61% $63,906 $45,917 VBMFX
Sep, 2002 1.53% 1.53% $64,300 $46,200 VBMFX
Aug, 2002 1.66% 1.66% $63,332 $45,504 VBMFX
Jul, 2002 0.48% 0.48% $62,297 $44,760 VBMFX
Jun, 2002 0.29% 0.29% $61,997 $44,545 VBMFX
May, 2002 0.80% 0.80% $61,818 $44,416 VBMFX
Apr, 2002 2.20% 2.20% $61,328 $44,064 VBMFX
Mar, 2002 -1.99% -1.99% $60,008 $43,116 VBMFX
Feb, 2002 1.35% 1.35% $61,225 $43,990 VBMFX
Jan, 2002 0.20% 0.20% $60,412 $43,406 VBMFX
Dec, 2001 -0.08% -0.08% $60,293 $43,320 VBMFX
Nov, 2001 -1.82% -1.82% $60,342 $43,356 VBMFX
Oct, 2001 1.86% 1.86% $61,459 $44,159 VBMFX
Sep, 2001 0.89% 0.89% $60,337 $43,352 VBMFX
Aug, 2001 1.11% 1.11% $59,801 $42,967 VBMFX
Jul, 2001 2.23% 2.23% $59,145 $42,496 VBMFX
Jun, 2001 0.52% 0.52% $57,856 $41,569 VBMFX
May, 2001 0.73% 0.73% $57,554 $41,353 VBMFX
Apr, 2001 -0.46% -0.46% $57,135 $41,051 VBMFX
Mar, 2001 0.54% 0.54% $57,401 $41,243 VBMFX
Feb, 2001 0.91% 0.91% $57,094 $41,022 VBMFX
Jan, 2001 1.76% 1.76% $56,580 $40,652 VBMFX
Dec, 2000 1.79% 1.79% $55,601 $39,949 VBMFX
Nov, 2000 -7.88% -7.88% $54,625 $39,248 VBMFX
Oct, 2000 -0.43% -0.43% $59,297 $42,605 VFINX
Sep, 2000 -5.29% -5.29% $59,553 $42,789 VFINX
Aug, 2000 1.00% 1.00% $62,879 $45,178 VFINX
Jul, 2000 -4.46% -4.46% $62,259 $44,733 VGTSX
Jun, 2000 4.27% 4.27% $65,167 $46,822 VGTSX
May, 2000 -2.67% -2.67% $62,497 $44,904 VGTSX
Apr, 2000 -5.41% -5.41% $64,213 $46,137 VGTSX
Mar, 2000 3.48% 3.48% $67,884 $48,775 VGTSX
Feb, 2000 2.83% 2.83% $65,603 $47,136 VGTSX
Jan, 2000 -6.22% -6.22% $63,797 $45,838 VGTSX
Dec, 1999 9.37% -7.50% $68,028 $48,878 VGTSX
Nov, 1999 2.02% 2.02% $62,197 $52,840 VGTSX
Oct, 1999 3.74% 3.74% $60,964 $51,792 VFINX
Sep, 1999 -2.74% -2.74% $58,766 $49,925 VGTSX
Aug, 1999 -0.50% -0.50% $60,421 $51,331 VFINX
Jul, 1999 -3.13% -3.13% $60,722 $51,587 VFINX
Jun, 1999 5.56% 5.56% $62,684 $53,254 VFINX
May, 1999 -2.39% -2.39% $59,385 $50,451 VFINX
Apr, 1999 3.85% 3.85% $60,838 $51,686 VFINX
Mar, 1999 4.00% 4.00% $58,582 $49,769 VFINX
Feb, 1999 -3.12% -3.12% $56,331 $47,856 VFINX
Jan, 1999 4.20% 4.20% $58,147 $49,400 VFINX
Dec, 1998 5.81% 5.80% $55,802 $47,407 VFINX
Nov, 1998 6.07% 6.07% $52,740 $44,806 VFINX
Oct, 1998 8.16% 8.16% $49,721 $42,242 VFINX
Sep, 1998 6.41% 6.41% $45,968 $39,053 VFINX
Aug, 1998 -14.47% -14.47% $43,199 $36,700 VFINX
Jul, 1998 -1.05% -1.05% $50,509 $42,911 VFINX
Jun, 1998 4.07% 4.07% $51,047 $43,368 VFINX
May, 1998 -1.74% -1.74% $49,050 $41,671 VFINX
Apr, 1998 1.01% 1.01% $49,921 $42,411 VFINX
Mar, 1998 5.10% 5.10% $49,423 $41,988 VFINX
Feb, 1998 7.19% 7.19% $47,023 $39,949 VFINX
Jan, 1998 1.11% 1.11% $43,868 $37,268 VFINX
Dec, 1997 1.73% 1.72% $43,386 $36,859 VFINX
Nov, 1997 4.60% 4.60% $42,650 $36,236 VFINX
Oct, 1997 -3.35% -3.35% $40,775 $34,643 VFINX
Sep, 1997 5.47% 5.47% $42,188 $35,844 VFINX
Aug, 1997 -5.61% -5.61% $40,001 $33,986 VFINX
Jul, 1997 7.97% 7.97% $42,378 $36,005 VFINX
Jun, 1997 4.45% 4.45% $39,251 $33,349 VFINX
May, 1997 6.09% 6.09% $37,578 $31,927 VFINX
Apr, 1997 5.96% 5.96% $35,421 $30,094 VFINX
Mar, 1997 -4.14% -4.14% $33,430 $28,403 VFINX
Feb, 1997 0.79% 0.79% $34,872 $29,628 VFINX
Jan, 1997 6.23% 6.23% $34,599 $29,396 VFINX
Dec, 1996 -1.97% -2.07% $32,569 $27,672 VFINX
Nov, 1996 7.56% 7.56% $33,225 $28,255 VFINX
Oct, 1996 2.76% 2.76% $30,889 $26,269 VFINX
Sep, 1996 5.61% 5.61% $30,060 $25,564 VFINX
Aug, 1996 2.10% 2.10% $28,464 $24,207 VFINX
Jul, 1996 -4.42% -4.42% $27,880 $23,710 VFINX
Jun, 1996 0.38% 0.38% $29,169 $24,806 VFINX
May, 1996 2.54% 2.54% $29,058 $24,712 VFINX
Apr, 1996 1.46% 1.46% $28,337 $24,099 VFINX
Mar, 1996 0.98% 0.98% $27,930 $23,753 VFINX
Feb, 1996 0.92% 0.92% $27,660 $23,523 VFINX
Jan, 1996 3.39% 3.39% $27,407 $23,308 VFINX
Dec, 1995 1.93% 0.65% $26,509 $22,544 VFINX
Nov, 1995 4.38% 4.38% $26,007 $22,400 VFINX
Oct, 1995 -0.36% -0.36% $24,916 $21,460 VFINX
Sep, 1995 4.21% 4.21% $25,006 $21,538 VFINX
Aug, 1995 0.26% 0.26% $23,996 $20,667 VFINX
Jul, 1995 3.30% 3.30% $23,932 $20,613 VFINX
Jun, 1995 2.31% 2.31% $23,167 $19,954 VFINX
May, 1995 3.95% 3.95% $22,644 $19,503 VFINX
Apr, 1995 2.94% 2.94% $21,782 $18,761 VFINX
Mar, 1995 2.95% 2.95% $21,160 $18,225 VFINX
Feb, 1995 2.21% 2.21% $20,553 $17,702 VFINX
Jan, 1995 1.90% 1.90% $20,109 $17,320 VBMFX
Dec, 1994 -0.64% -5.32% $19,734 $16,996 VBMFX
Nov, 1994 -4.33% -4.33% $19,861 $17,951 VWIGX
Oct, 1994 2.51% 2.51% $20,760 $18,763 VWIGX
Sep, 1994 -2.72% -2.72% $20,252 $18,305 VWIGX
Aug, 1994 3.68% 3.68% $20,818 $18,816 VWIGX
Jul, 1994 2.29% 2.29% $20,078 $18,147 VWIGX
Jun, 1994 -0.51% -0.51% $19,629 $17,741 VWIGX
May, 1994 -0.73% -0.73% $19,731 $17,833 VWIGX
Apr, 1994 3.32% 3.32% $19,876 $17,964 VWIGX
Mar, 1994 -4.39% -4.39% $19,238 $17,387 VWIGX
Feb, 1994 -2.53% -2.53% $20,122 $18,187 VWIGX
Jan, 1994 5.40% 5.40% $20,644 $18,658 VWIGX
Dec, 1993 11.19% 4.98% $19,586 $17,702 VWIGX
Nov, 1993 -3.39% -3.39% $17,615 $16,862 VWIGX
Oct, 1993 4.71% 4.71% $18,233 $17,454 VWIGX
Sep, 1993 0.75% 0.75% $17,414 $16,669 VWIGX
Aug, 1993 6.84% 6.84% $17,284 $16,545 VWIGX
Jul, 1993 -0.42% -0.42% $16,177 $15,485 VWIGX
Jun, 1993 0.27% 0.27% $16,246 $15,551 VFINX
May, 1993 1.29% 1.29% $16,203 $15,510 VFINX
Apr, 1993 -2.42% -2.42% $15,996 $15,312 VWIGX
Mar, 1993 2.11% 2.11% $16,394 $15,692 VFINX
Feb, 1993 1.36% 1.36% $16,055 $15,369 VFINX
Jan, 1993 0.10% 0.10% $15,840 $15,163 VFINX
Dec, 1992 1.93% 1.75% $15,825 $15,148 VFINX
Nov, 1992 3.40% 3.40% $15,526 $14,887 VFINX
Oct, 1992 0.33% 0.33% $15,015 $14,397 VFINX
Sep, 1992 1.17% 1.17% $14,966 $14,350 VFINX
Aug, 1992 -2.07% -2.07% $14,793 $14,184 VFINX
Jul, 1992 4.04% 4.04% $15,105 $14,484 VFINX
Jun, 1992 -1.49% -1.49% $14,518 $13,921 VFINX
May, 1992 0.48% 0.48% $14,738 $14,132 VFINX
Apr, 1992 2.91% 2.91% $14,667 $14,064 VFINX
Mar, 1992 -1.93% -1.93% $14,251 $13,665 VFINX
Feb, 1992 1.24% 1.24% $14,531 $13,934 VFINX
Jan, 1992 -1.86% -1.86% $14,353 $13,762 VFINX
Dec, 1991 11.39% 8.89% $14,624 $14,023 VFINX
Nov, 1991 -4.01% -4.01% $13,129 $12,878 VFINX
Oct, 1991 1.33% 1.33% $13,678 $13,416 VFINX
Sep, 1991 -1.67% -1.67% $13,499 $13,241 VFINX
Aug, 1991 2.33% 2.33% $13,728 $13,465 VFINX
Jul, 1991 4.63% 4.63% $13,415 $13,158 VFINX
Jun, 1991 -4.56% -4.56% $12,822 $12,576 VFINX
May, 1991 4.27% 4.27% $13,434 $13,177 VFINX
Apr, 1991 0.20% 0.20% $12,884 $12,637 VFINX
Mar, 1991 2.41% 2.41% $12,858 $12,612 VFINX
Feb, 1991 7.12% 7.12% $12,556 $12,316 VFINX
Jan, 1991 1.12% 1.12% $11,722 $11,498 VFINX
Dec, 1990 1.45% -0.49% $11,592 $11,370 VBMFX
Nov, 1990 2.25% 2.25% $11,426 $11,426 VBMFX
Oct, 1990 1.49% 1.49% $11,175 $11,175 VBMFX
Sep, 1990 0.73% 0.73% $11,011 $11,011 VBMFX
Aug, 1990 -9.85% -9.85% $10,931 $10,931 VBMFX
Jul, 1990 4.38% 4.38% $12,125 $12,125 VWIGX
Jun, 1990 2.20% 2.20% $11,616 $11,616 VWIGX
May, 1990 7.72% 7.72% $11,366 $11,366 VWIGX
Apr, 1990 -2.50% -2.50% $10,551 $10,551 VWIGX
Mar, 1990 2.61% 2.61% $10,822 $10,822 VFINX
Feb, 1990 -4.72% -4.72% $10,547 $10,547 VFINX
Jan, 1990 -6.72% -6.72% $11,070 $11,070 VWIGX
Dec, 1989 2.38% 2.38% $11,867 $11,867 VFINX
Nov, 1989 2.04% 2.04% $11,591 $11,591 VFINX
Oct, 1989 -2.34% -2.34% $11,360 $11,360 VFINX
Sep, 1989 -0.40% -0.40% $11,632 $11,632 VFINX
Aug, 1989 1.86% 1.86% $11,679 $11,679 VFINX
Jul, 1989 9.01% 9.01% $11,466 $11,466 VFINX
Jun, 1989 -0.59% -0.59% $10,519 $10,519 VFINX
May, 1989 4.04% 4.04% $10,581 $10,581 VFINX
Apr, 1989 5.18% 5.18% $10,170 $10,170 VFINX
Mar, 1989 2.26% 2.26% $9,669 $9,669 VFINX
Feb, 1989 -2.47% -2.47% $9,455 $9,455 VFINX
Jan, 1989 7.32% 7.32% $9,695 $9,695 VFINX
Dec, 1988 -2.15% -2.15% $9,033 $9,033 VFINX
Nov, 1988 4.29% 4.29% $9,232 $9,232 VWIGX
Oct, 1988 0.76% 0.76% $8,851 $8,851 VWIGX
Sep, 1988 1.43% 1.43% $8,785 $8,785 VBMFX
Aug, 1988 -0.55% -0.55% $8,660 $8,660 VBMFX
Jul, 1988 -1.19% -1.19% $8,708 $8,708 VBMFX
Jun, 1988 1.88% 1.88% $8,813 $8,813 VBMFX
May, 1988 -2.13% -2.13% $8,651 $8,651 VBMFX
Apr, 1988 1.90% 1.90% $8,839 $8,839 VWIGX
Mar, 1988 4.83% 4.83% $8,674 $8,674 VWIGX
Feb, 1988 0.53% 0.53% $8,274 $8,274 VWIGX
Jan, 1988 -2.42% -2.42% $8,231 $8,231 VBMFX
Dec, 1987 0.44% 0.44% $8,435 $8,435 VWIGX
Nov, 1987 0.92% 0.92% $8,398 $8,398 VBMFX
Oct, 1987 -32.51% -32.51% $8,322 $8,322 VWIGX
Sep, 1987 -2.29% -2.29% $12,330 $12,330 VWIGX
Aug, 1987 4.03% 4.03% $12,619 $12,619 VFINX
Jul, 1987 4.59% 4.59% $12,131 $12,131 VWIGX
Jun, 1987 1.79% 1.79% $11,598 $11,598 VWIGX
May, 1987 1.10% 1.10% $11,394 $11,394 VWIGX
Apr, 1987 4.36% 4.36% $11,269 $11,269 VWIGX
Mar, 1987 4.02% 4.02% $10,799 $10,799 VWIGX
Feb, 1987 2.54% 2.54% $10,381 $10,381 VWIGX
Jan, 1987 1.24% 1.24% $10,124 $10,124 VWIGX
Dec, 1986 0.00% 0.00% $10,000 $10,000 VWIGX
📝 Methodology: All returns calculated with lot-level FIFO accounting.
  • Short-term capital gains (≤ 1 year): 40.8% tax rate
  • Long-term capital gains (> 1 year): 23.8% tax rate
  • Tax loss carryover across years
  • Year-end tax payments with position liquidation if needed
  • Annual returns show within-year performance (Jan-Dec)