* Cash is simulated through the total return of BIL, with no fees applied. BIL is an ETF holding US Treasury bills that mature within one to three months, used here as a proxy for the short-term US dollar risk-free rate.
Net of simulated expenses. Greener is stronger, redder is weaker. The rolling 10-year column, set apart on the right, is the cumulative total return over the full period.