PrintThis chart illustrates the three largest market drops during drawdown periods* and how the
Morningstar Long/Short Equity Category captured significantly less drawdown than the MSCI World Index.
Past performance is not indicative of future results.
Source: Morningstar. Data from 12/01/09-12/31/18. Monthly data returns for the MSCI World Index and the Morningstar Long/Short Equity Category. *Drawdown shown is the greatest drawdown during the following MSCI World Index drawdown periods: 05/31/11-11/30/12, 06/30/15-11/30/16 and 02/28/18-12/31/18.
The MSCI World Index is a free float adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The index includes reinvestments of dividends, net of foreign withholding taxes.
A Drawdown is the peak-to-trough decline during a specific record period of an investment, fund or commodity. A drawdown is usually quoted as the percentage between the peak and the trough.