| PAVE | |
|---|---|
| Total return | +282.4% |
| Annualised (CAGR) | +15.1% |
| Volatility (annualised) | +22.7% |
| Sharpe (rf = 0) | 0.66 |
| Deepest drawdown | -44.1% |
| Drawdown peak → trough | 2020-01-17 → 2020-03-23 |
Over the 9.5 years to 2026-09-21 the fund returned +282.4% in total (+15.1% a year), with a deepest drawdown of -44.1% from 2020-01-17 to 2020-03-23. Its worst calendar year was 2018 (-19.2%), its best 2021 (+36.4%).
| Year | PAVE |
|---|---|
| 2026 | +11.3% |
| 2025 | +19.4% |
| 2024 | +17.9% |
| 2023 | +31.0% |
| 2022 | -7.2% |
| 2021 | +36.4% |
| 2020 | +19.7% |
| 2019 | +33.3% |
| 2018 | -19.2% |
| 2017 | +14.1% |
It does not say PAVE is a good or bad fund, and it is not a forecast. Returns above are history: they already include dividends and already exclude the fund's own fees. A drawdown of -44.1% means an investor who bought at the peak would have watched that much value disappear before it recovered — how long that takes is the part most tables leave out.
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