Maximum peak-to-trough drawdown
-44.35 %2020-05 → 2025-09Not recovered within the available seriesHistorical risk explorer
How deep were the drawdowns, and how wide the rolling returns?
Nominal total returns in euro, with no inflation adjustment: a 7 percent decade here is not 7 percent of purchasing power. Historical ranges show what happened in this available series, not what must happen next. Every metric states its period, and unsupported windows are left out.US Treasuries 20+y2002-07 – 2026-08289 monthly total-return observations · converted to EUR
Annualized return over all available months
3.7 %Observed history, not a forecastAnnualized return
Holding period
- Best annualized return
- Average annualized return
- Worst annualized return
Holding period · 3 y–24 y 1 m
Best annualized returnAverage annualized returnWorst annualized return
Rolling annualized returns across every possible start month
| Window in years | Worst | Worst period | Median | Average | Best | Best period | Windows |
|---|---|---|---|---|---|---|---|
| 1 | -24.25 % | 2022-01 – 2023-01 | 0.60 % | 4.93 % | 60.29 % | 2011-06 – 2012-06 | 278 |
| 2 | -18.49 % | 2021-11 – 2023-11 | 2.79 % | 4.39 % | 27.78 % | 2018-05 – 2020-05 | 266 |
| 3 | -14.46 % | 2020-11 – 2023-11 | 5.02 % | 4.28 % | 21.35 % | 2009-06 – 2012-06 | 254 |
| 5 | -10.02 % | 2020-05 – 2025-05 | 4.63 % | 4.78 % | 17.52 % | 2011-07 – 2016-07 | 230 |
| 10 | -2.76 % | 2016-08 – 2026-08 | 6.67 % | 5.95 % | 11.91 % | 2010-04 – 2020-04 | 170 |
| 15 | 1.86 % | 2010-09 – 2025-09 | 6.27 % | 5.83 % | 9.01 % | 2005-04 – 2020-04 | 110 |
| 20 | 2.91 % | 2005-07 – 2025-07 | 4.30 % | 4.22 % | 6.15 % | 2002-08 – 2022-08 | 50 |
The table starts at one year and then adds every complete five-year step supported by this exact series. Median and average use all overlapping monthly windows; no longer index history is spliced onto a shorter fund history.
What drawdown means
The largest fall from a prior peak
Drawdown does not depend on a chosen starting investment. Recovery means the series later regained that earlier peak, before considering withdrawals or inflation.What rolling returns mean
Every possible period of the same length
A ten-year result is annualized so it can be compared with other ten-year starts. It is not the single best or worst month multiplied by ten.Important limit