Here's a stab at a comparison with the following assumptions:
- assume the HYP 1 year Nov-Nov aligns to a calendar year for FTSE 250
- the income needed to match HYP1 come is FTSE250 yield supplemented by with capital sales
- the extra sales happen at the end of the year
Code: Select all
FTSE 250 Updated FTSE 250 FTSE 250 HYP 1 Shortfall Running
Index Cap Val His Yield Income Income Sale Cap Val
2000 6548 - - - - - 75,000
2001 5939 68,025 2.85% 1,942 3,451 1,509 66,516
2002 4319 48,372 3.06% 1,479 3,474 1,995 46,377
2003 5802 62,301 3.41% 2,126 3,197 1,071 61,230
2004 6937 73,208 2.76% 2,019 3,205 1,186 72,023
2005 8794 91,303 2.74% 2,504 3,546 1,042 90,261
2006 11178 114,730 2.43% 2,793 4,131 1,338 113,392
2007 10658 108,117 2.28% 2,469 4,452 1,983 106,134
2008 6361 63,344 3.63% 2,301 5,040 2,739 60,605
2009 9307 88,673 2.97% 2,632 3,187 555 88,118
2010 11559 109,439 2.58% 2,819 3,297 478 108,962
2011 10103 95,237 2.90% 2,762 3,843 1,081 94,156
2012 12375 115,330 2.95% 3,398 4,289 891 114,439
2013 15935 147,361 2.72% 4,007 5,828 1,821 145,540
2014 16085 146,910 2.70% 3,967 5,601 1,634 145,276
2015 17430 157,424 2.59% 4,081 6,093 2,012 155,412
Comparing running capital values:
Code: Select all
Running ( HYP 1
Cap Val Cap Val )
2000 75,000 75,000
2001 66,516 75,414
2002 46,377 66,180
2003 61,230 72,177
2004 72,023 80,450
2005 90,261 98,367
2006 113,392 127,330
2007 106,134 140,417
2008 60,605 79,884
2009 88,118 97,485
2010 108,962 113,893
2011 94,156 114,218
2012 114,439 124,335
2013 145,540 144,000
2014 145,276 151,897
2015 155,412 149,974
So FTSE 250 ahead by a bit but with bigger drawdowns in 2002/2008.
Cheers,
P