Glossary· Returns
What is YTD?
Also known as Year to date
Return from 1 January of the current calendar year to the latest NAV.
A moving window — in January it covers days, in December almost a year — so comparing YTD across funds is fair, but comparing it to a 1Y figure is not.
For the formula and the constants behind this figure, see Methodology.
More on returns
What the fund made, and over what stretch of time.
- NAV
- The per-unit price of the fund, published once each business day.
- Absolute return
- Plain point-to-point growth over a period under a year, not annualized.
- CAGR
- The steady yearly rate that would have taken the start NAV to the end NAV.
- Rolling returns
- The same holding period measured from every possible start date, not just today's.
- Since inception
- Annualized return over the fund's whole available NAV history.
- XIRR
- The annualized return of a series of cash flows on different dates.
- Benchmark
- The market index a fund's mandate says it is trying to beat.