Table 2. Newsletter Performance Over 27 Years*
Telephone Number Newsletter 6/30/1980 to 6/30/2007
Annual
Gain
(%)
Risk-Adj
Performance**
Risk
Level***
877/817-4394 The Prudent Speculator 19.0 0.15 9.96
800/763-8639 NoLoad Fund X 15.3 0.19 4.39
800/634-3583 The Value Line Investment Survey 14.6 0.17 4.58
800/942-4278 The Chartist 12.5 0.12 5.29
800/233-5922 Dow Theory Forecasts 11.2 0.13 3.83
800/852-1641 Standard & Poor's Outlook 10.1 0.11 3.45
  Growth Stock Outlook 9.4 0.15 2.05
800/950-8765 Doug Fabian's Successful Investing 9.2 0.1 3.31
800/845-8259 The Dines Letter 8.7 0.07 7.85
605/341-1971 Growth Fund Guide 8.2 0.07 3.53
011-506-271-2293 The International Harry Schultz Letter 7.8 0.06 7.01
  The Ruff Times 7.0 0.05 7.44
800/634-3583 The Value Line Special Situations Service 6.6 0.05 7.98
Benchmarks
  T-Bill Portfolio 5.8 0 0.25
  DJ Wilshire 500 Value-Weighted Tot Ret Index 12.9 0.15 4.31
  MSCI EAFE Index (Total Return) 12.8 0.14 4.72
  Shearson Lehman Treasury Index (Total Return) 8.4 0.14 1.58
  Gold Bullion -0.0 -0.08 4.46
*All newsletters for which the HFD has performance data over 27 years.
** As measured by the Sharpe Ratio; this is not an actual return, but rather shows the return for each unit of risk.
***As measured by the volatility of returns.
Source: The Hulbert Financial Digest.