Performance, Returns & Volatility

MAC Solar Energy Index vs. S&P 500 & Russell 2000

MAC Solar Index - Perfomance vs. Key Indexes (as of 27-Dec-2011):
	MAC Solar Energy Index SUNIDX	MSCI World	S&P 500 Index	Russell 2000	Wilder- Hill Clean Energy (PBW)	First Trust. Wind Energy (GWE)	Crude Oil (Nymex nearest future)
Compounded Annual Growth
5 year	-27.0%	-4.3%	-2.2%	-0.8%	na	na	10.2%
3 year	-30.1%	10.0%	13.6%	17.0%	-15.2%	-12.2%	37.5%
1 year	-64.4%	-7.1%	0.6%	-5.2%	-50.7%	-21.9%	11.4%
YTD	-64.3%	-7.3%	0.6%	-4.1%	-50.6%	-23.3%	10.9%
Standard Deviation
5 year	54.4%	22.7%	26.7%	33.5%	na	na	44.5%
3 year	47.4%	20.9%	23.3%	32.1%	38.8%	26.9%	42.3%
1 year	46.7%	21.8%	23.4%	33.3%	38.9%	27.0%	35.2%
Sharpe Ratio
5 year	-0.52	-0.24	-0.13	-0.06	na	na	0.20
3 year	-0.64	0.48	0.58	0.53	-0.39	-0.46	0.88
1 year	-1.38	-0.33	0.02	-0.16	-1.30	-0.81	0.32

MAC Solar Index - Correlations Table:
Correlations (Daily returns, last 5 years or since index inception)	S U N I D X	M S C I	S & P 5 0 0	R u s s e l l	P B W	G W E	O i l
MAC Solar Energy (SUNIDX)	1.00
MSCI World (MXO)	0.78	1.00
S&P 500 Index (SPX)	0.69	0.89	1.00
Russell 2000 (RTY)	0.67	0.81	0.94	1.00
WilderHill Clean Energy (PBW)	0.86	0.80	0.84	0.85	1.00
First Trust Wind Energy (GWE)	0.76	0.84	0.61	0.56	0.66	1.00
Nymex Crude Oil (CL1)	0.37	0.44	0.34	0.29	0.35	0.42	1.00

Note on backcast data: The inception date for the MAC Global Solar Energy Index was March 31, 2008, with a base of 1000.00. The data illustrated above includes back-cast simulated data for the period of March 31, 2005 through March 30, 2008. Live data then begins on March 31, 2008. The back-cast data uses the same methodology as the index uses going foward, i.e., with the same minimum investability criteria and solar revenue exposure requirements.

Historical Data

Performance, Returns & Volatility

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