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Top Stock Funds Ranked by Risk-Adjusted Returns
Fourth Quarter 2014

One way to produce an easily understood marriage of risk and return for funds is to adjust the fund return for risk. Funds with high returns that have above-benchmark standard deviations will have their returns proportionally lowered, and funds with lower returns and below-benchmark standard deviations will have their returns adjusted upward proportionally.

The risk-adjusted fund table below lists the top funds by risk-adjusted arithmetic average returns. The benchmark used for return and risk is the Standard and Poor’s 500 index. The returns of all domestic stock funds were adjusted for risk and ranked.

The table reports the risk-adjusted average annual return—what the fund would have returned if it had the same risk as the market—and the average annual return for the three-year period that it did earn. Also reported is the fund’s standard deviation for comparison purposes and the market risk index. Benchmark statistics are reported at the bottom of the table.

Category Fund
Name
(Ticker)
Average
Annual
Risk-
Adjusted
Return*
(%)
Risk
Index
(1.00 = Market Risk)
Annual
Standard
Deviation*
(%)
Average
Annual
Return*
(%)
SStk-LC Vanguard PRIMECAP Core Inv (VPCCX) 22 0.97 8.8 21.2
Stk-LC Vanguard PRIMECAP Inv (VPMCX) 21.9 1.01 9.2 22.2
Stk-LC PRIMECAP Odyssey Stk (POSKX) 21.4 0.9 8.2 19.2
Stk-LC Janus Contrarian T (JSVAX) 21.1 1.14 10.3 24
Stk-LC Weitz Partners Value Inv (WPVLX) 21.1 0.82 7.5 17.4
Stk-MC Nicholas (NICSX) 20.8 1.06 9.6 22.1
Stk-LC Parnassus Core Equity Inv (PRBLX) 20.5 0.95 8.7 19.6
Stk-MC AmCent Mid Cap Value Inv (ACMVX) 20.3 0.95 8.7 19.3
Stk-LC Dodge & Cox Stock (DODGX) 20.1 1.09 9.9 22
Stk-MC Longleaf Partners Sm-Cap (LLSCX) 20.1 1.01 9.2 20.3
Stk-LC Metro West AlphaTrak 500 (MWATX) 20.1 1.06 9.6 21.2
Stk-LC Weitz Value Inv (WVALX) 20 0.83 7.6 16.7
Stk-LC Nubrgr Ber Focus Inv (NBSSX) 19.9 1.01 9.2 20
Stk-LC Vanguard FTSE Soc Idx Inv (VFTSX) 19.9 1.08 9.8 21.5
Stk-LC Vanguard Cap Opprt Inv (VHCOX) 19.9 1.21 11 24
Stk-LC Fidelity Value Discovery (FVDFX) 19.8 1.04 9.5 20.5
Stk-LC Fidelity Strat Div & Inc (FSDIX) 19.7 0.74 6.7 14.5
Stk-LC Fidelity LC Val Enh Idx (FLVEX) 19.7 1.03 9.4 20.3
Stk-LC T. Rowe Price Value (TRVLX) 19.7 1.08 9.9 21.4
Stk-MC Fidelity Mid Cap Value (FSMVX) 19.5 1.16 10.6 22.7
Stk-LC AMG Yacktman Service (YACKX) 19.4 0.81 7.4 15.7
Stk-LC Oakmark I (OAKMX) 19.3 1.1 10 21.2
Stk-LC Vanguard US Value Inv (VUVLX) 19.2 1.08 9.8 20.8
Stk-LC T. Rowe Price Div Grth (PRDGX) 19.1 0.93 8.5 17.8
Stk-LC Fidelity Spartan 500 Index Inv (FUSEX) 19.1 1 9.1 19.1
Stk-LC Schwab S&P 500 (SWPPX) 19.1 1 9.1 19.1
Stk-LC Fidelity Capital Apprec (FDCAX) 19 1.11 10.1 21.1
Stk-LC Fidelity Stk Selector LC Val (FSLVX) 19 1 9.1 19.1
Stk-LC Fidelity Lg Core Enhcd Idx (FLCEX) 19 1.01 9.2 19.2
Stk-LC Dreyfus Basic S&P 500 Idx (DSPIX) 19 1 9.1 19
Benchmarks
IDX S&P 500 19.1 1 9.1 19.1
IDX S&P MidCap 400 15.3 1.24 11.3 19
IDX S&P SmallCap 600 14 1.38 12.5 19.3
*Over the past three years through December 31, 2014.