Equity Investment Corporation

OverviewPersonnelPerformanceMutual FundPublicationsSRI / ERGContact Us


Performance should be considered in the context of portfolio risk.  A hallmark of our approach has been our below-market risk, whether measured as incidence of experiencing a 12-month loss, number of double-digit 12-month losses, standard deviation, or odds of meeting return targets in 5-year periods. These risk measures are particularly relevant to investors seeking peace of mind, or whose investments are needed to support spending or budget requirements.

(net of 3%)
Russell 3000® Value Index S&P 500® Index
Return Since Inception (annualized) 11.9% 8.6% 10.7% 10.6%  
Incidence of Loss (Rolling 12 Months) 13.2% 19.2% 22.2% 18.9%  
No. of 12-Month Double-Digit Losses 15 22 30 42  
Rolling 12-Month Standard Deviation 12.7% 12.4% 15.8% 16.5%  
% Rolling 5-Year Periods Below 8% 18% 46% 34% 38%  

* All figures are since inception (January 1, 1986) through September 30, 2017. EIC's results are those of its All-Cap Value SMA Composite, before and after hypothetical SMA fees of 3% per year (0.25%/month). Client returns will be reduced by advisory fees, transaction costs, and other expenses the client may incur. All returns include reinvestment of dividends and interest. Indices are unmanaged, do not incur management fees, costs and expenses, and cannot be invested in directly. Please see the full disclosure presentation for further details. Rolling numbers were calculated by linking monthly returns for 12- and 60-month periods. Incidence of loss was calculated by linking monthly returns for every 12-month period. Number of occurrences of 12-month losses divided by number of periods equals the incidence of loss. Double-digit losses were the number of 12-month periods in which the return was less than -10%.  Standard deviation was calculated by linking monthly returns for every 12-month period.  % Rolling 5-Year Periods Below 8% were the percentage of 60-month periods in which the annualized return was less than 8%.