Difference in returns (%)

VMG_S

2.51

−0.95

1.73

5.69

−4.67

−4.32

0.60

3.71

0.53

1.86

3.65

1.89

−6.57

−3.35

0.33

0.18

VMG_B

−1.53

2.33

4.48

1.74

−3.04

−1.38

−0.43

0.69

−2.32

−1.38

5.30

1.16

−1.68

−0.45

−0.33

0.21

VMG_S−B

4.04

−3.28

−2.75

3.94

−1.63

−2.94

1.03

3.03

2.85

3.24

−1.64

0.73

−4.89

−2.90

0.66

−0.03

VMG

0.49

0.69

3.10

3.72

−3.85

−2.85

0.08

2.20

−0.89

0.24

4.48

1.52

−4.13

−1.90

0.00

0.19

(0.073)

(0.184)

(0.64)

(1.465)^*

(−1.111)

(−0.832)

(0.055)

(1.105)

(−0.523)

(0.054)

(1.61)^*

(0.712)

(−1.435)

(−1.198)^*

(0)

(0.216)