The averages above do hide a significant amount of variation in returns, and the direction of equity valuations at any given point in time also matters. (blackrockblog.com)
Think about how much variation in returns all the asset classes have. (noroboinvestor.com)
The category risk index provides a relative measure of risk by measuring the variation in total return for a fund over the last three years to the typical variation in return for all funds in its category. (aaii.com)