The crossing lines represent the
5year return (horizontal line) and 5year standard deviation or volatility
or risk (vertical line) of the index against which the Fund is being
measured.
Each point represents the Fund's 5year return (vertically)
and standard deviation or volatility (horizontally), relative to the
index. If a point is in the
southwest quadrant, for example, the 5year return of the Fund has been
less than (below) the index line, and the 5year standard deviation
(volatility) has also been less than (to the left of) the index line.
There are four points, one for each of the last four quarters. The earliest one is the smallest and the
quarter just ended being the largest.
Each point shows the 5year relative position of the Fund versus the
index for that quarter. The
movement of the points shows the trend, or direction, over time.
As noted in the graph, the best place to be is the northwest quadrant
(less risk and a higher return); the worst place to be is the southeast
quadrant (more risk and a lower return).
