40 - 60 Drawdown
−15%
−14%
−13%
−12%
−11%
−10%
−9%
−8%
−7%
−6%
−5%
−4%
−3%
−2%
−1%
0%
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Draw-down
f
in