[NoahZuniga]

Judging a pension fund by how it performs in a bull market seems wrong. Like their main job is to limit your downside from market crashes (if they're not doing that then they offer nothing compared to an index fund), so its strange to not include 2008 crisis (or .com bubble popping).

Checking this shows that the top 2 performers in this graph lost more money (~8%) in 2008 than the bottom 2 (~2%)

[theptip]

You make a good point, but I think “lowest risk” is also not the metric either. You could buy 100% bonds and be even safer.

You want some risk-adjusted return metric parameterized by average returns and also volatility.

[ImPostingOnHN]

Judging a pension by how it performs in 2008 seems wrong. Like their main job is to perform well over long periods of time compared to other funds.

Checking this shows that 12 years is longer than 1 year, and thus is a better metric.

[NoahZuniga]

well I agree, my point is that ie 2007-2021 is better than 2009-2021, and with my example I meant to illustrate that the best performers will perform less well and the poor performers perform better if you include 2008, showing that this does in fact matter.

[rlt]

It’s almost like you can each pick data to fit your narrative.