Rolling Returns
Evaluate performance consistency by measuring overlapping period returns (e.g., 1/3/5 years) across all possible start dates. Useful for comparing funds beyond single-point CAGR.
What are rolling returns?
Rolling returns measure CAGR across overlapping windows (like 3/5/7/10 years) for every possible start date. This shows how consistent a fund has been over time, instead of relying on a single start-end snapshot.
Example: if NAV grows from 10 to 15 over 3 years, the 3-year rolling return is approximately ((15 ÷ 10)^(1/3) - 1) x 100% ≈ 14.47%.
Assumption: calculations use available daily NAVs; windows end at the first NAV on/after the target end date, and returns are annualized as CAGR.