{ "review_date": "2026-10-28", "corrected_on": "2026-10-29", "research_commit": "87ac9e48b2bc5d4e85b925f6f8402688d29e6212", "summary_rows_checked": 82, "mismatches": [], "independent_drawdown_checks": 21, "normalized_source_receipts": [ { "series": "or", "file": "or-c4a4fcc3eb03-levels.json", "sha256": "c4a4fcc3eb03d09efc16eeac6b8543e78629bb64839d21b094d97e791931d62f", "observations": 680, "start": "1969-12-31", "end": "2026-07-31", "definition": "Gold spot in EUR; no income. Current Invesco Physical Gold reference charge 0.12% per issuer." }, { "series": "monetaire_euro", "file": "monetaire_euro-6a6028ec0f31-levels.json", "sha256": "6a6028ec0f31eb9de15af6b1678a8f3f985bc5e15596ffab9a3049f81aff7d8a", "observations": 248, "start": "2005-12-31", "end": "2026-07-31", "definition": "Solactive Euro Overnight Return monthly deposit index; current cash reference charge 0.10%." }, { "series": "actions_europe", "file": "actions_europe-c9e43cb78979-levels.json", "sha256": "c9e43cb7897940b59b048fb3eb9eb1466cf261ff01f1ea27a4ef93d0303dafa4", "observations": 476, "start": "1986-12-31", "end": "2026-07-31", "definition": "STOXX Europe 600, Europe including UK; net dividends, monthly EUR index." }, { "series": "actions_europe_petites_caps", "file": "actions_europe_petites_caps-ad8fb331773c-levels.json", "sha256": "ad8fb331773cdf7fea7ea25c2b38725330eb6a203e40e90700dbf43ed56a8876", "observations": 308, "start": "2000-12-31", "end": "2026-07-31", "definition": "MSCI Europe Small Cap; dotcom unavailable. Current small-cap reference cost proxy." }, { "series": "actions_japon", "file": "actions_japon-0b486b57effa-levels.json", "sha256": "0b486b57effa6bb3ac8bd7c0760ef799e774c6a03d011bc21b540cf1c3bb387e", "observations": 387, "start": "1994-05-31", "end": "2026-07-31", "definition": "MSCI Japan IMI includes small caps; pre-launch history backtested. USD net index converted at month-end ECB FX." }, { "series": "actions_emergentes", "file": "actions_emergentes-a2ee585c65cf-levels.json", "sha256": "a2ee585c65cf4f994fa28c3ad44cc4f106339a58095e4d7132434e9b8ba49ed8", "observations": 387, "start": "1994-05-31", "end": "2026-07-31", "definition": "MSCI EM IMI includes small caps; pre-launch history backtested. USD net index converted at month-end ECB FX." }, { "series": "actions_asie_pacifique", "file": "actions_asie_pacifique-9ac8b791a501-levels.json", "sha256": "9ac8b791a5013353989231cde9069535cfe05e06d080637a64c7958be1edef53", "observations": 680, "start": "1969-12-31", "end": "2026-07-31", "definition": "MSCI Pacific ex Japan; USD net index converted at month-end ECB FX." }, { "series": "actions_france", "file": "actions_france-814bc4bca638-levels.json", "sha256": "814bc4bca638fb8a3581c664347ee6fdddc99e309fd21c58acd3f1dad710aacf", "observations": 426, "start": "1991-02-28", "end": "2026-07-31", "definition": "CAC 40 gross total return, EUR. Historical overlap agrees with PX1GR.INDX." }, { "series": "obligations_etat_euro", "file": "obligations_etat_euro-a22b4899a28e-levels.json", "sha256": "a22b4899a28ef72d2fcfb4aa2d7fc4a3295519bfb3cefa9711ab1b43817c456a", "observations": 290, "start": "1998-12-31", "end": "2023-01-31", "definition": "Euro sovereign index proxy; history ends January 2023. Current euro-government tracker cost proxy." }, { "series": "obligations_indexees_euro", "file": "obligations_indexees_euro-43b5f5d5ae18-levels.json", "sha256": "43b5f5d5ae189c162e52aa5dad223737a9c2ca4a2c50753b1bc8995ccfba753b", "observations": 249, "start": "2005-11-30", "end": "2026-07-31", "definition": "Euro inflation-linked government bonds. No dotcom history in this source." }, { "series": "haut_rendement_euro", "file": "haut_rendement_euro-94345425c2ef-levels.json", "sha256": "94345425c2ef0ad944878ed7074c4683e37f862e33d4be97f075027a38384cbd", "observations": 248, "start": "2005-12-31", "end": "2026-07-31", "definition": "Liquid euro high-yield corporate bonds. No dotcom history in this source." }, { "series": "obligations_etat_monde_ex_euro_couvertes", "file": "obligations_etat_monde_ex_euro_couvertes-36069564e85e-levels.json", "sha256": "36069564e85e0bcf8c0ff5e9603702db03e3b817808579c4638da3f4d6cafb9a", "observations": 496, "start": "1985-01-31", "end": "2026-04-30", "definition": "Broader developed government index includes eurozone sovereigns; accepted EUR-hedged proxy." }, { "series": "dette_emergente_couverte", "file": "dette_emergente_couverte-d3b739b5996e-levels.json", "sha256": "d3b739b5996e8ed0c5c931d99aacf8bcb7c004eb2d33c4128ac3a34143d5fbc3", "observations": 302, "start": "1996-01-31", "end": "2021-02-28", "definition": "FTSE USD emerging government bonds hedged to EUR; proxy for JPM EM debt. Source ends February 2021." }, { "series": "matieres_premieres", "file": "matieres_premieres-3d31d0f57126-levels.json", "sha256": "3d31d0f57126cab1f7ad9baa8e8006982df985a39ac65f1913eb7c599e22325b", "observations": 427, "start": "1991-01-31", "end": "2026-07-31", "definition": "Broad Bloomberg 3 Month Forward, unhedged EUR conversion; longer-dated futures than standard BCOM. Reference fee: Xtrackers broad 3 Month Forward LU2278080713, 0.19% per issuer." }, { "series": "actions_us", "file": "actions_us-c621e4b2cb4d-levels.json", "sha256": "c621e4b2cb4d9d04ecfff3a1c4a96c5a55d5919a486e05e877fb2f4bb48fb5cd", "observations": 332, "start": "1999-01-31", "end": "2026-08-31", "definition": "S&P 500 gross total return; USD converted using last available ECB fixing on each source observation date." }, { "series": "actions_allemagne", "file": "actions_allemagne-47aad3eca516-levels.json", "sha256": "47aad3eca516f44673e99441aea086daf1fbb70b5f659dd8543ba075b6b596b0", "observations": 332, "start": "1999-01-31", "end": "2026-08-31", "definition": "DAX performance index, EUR; month-end closes from the acquired daily source." }, { "series": "actions_monde", "file": "actions_monde-0deb70531549-levels.json", "sha256": "0deb705315497e957b3f08fa2db6ab26f299e09d60ac709381405bd41140dc6b", "observations": 332, "start": "1999-01-31", "end": "2026-08-31", "definition": "Accepted ACWI broad-world proxy includes emerging markets and excludes dividends. USD converted at dated ECB FX; current World reference cost proxy." }, { "series": "obligations_ig_euro", "file": "obligations_ig_euro-2e3f9c70a147-levels.json", "sha256": "2e3f9c70a14701cbc48e30d6a48b877b7ca7cef355125e9cce6a41ea4047d0bf", "observations": 282, "start": "2003-03-31", "end": "2026-08-31", "definition": "Accepted large, liquid corporate issue proxy. Issuer benchmark performance, not fund NAV. No dotcom history." }, { "series": "immobilier_cote", "file": "immobilier_cote-259a34086103-levels.json", "sha256": "259a340861032549053e0508d7640c1ec8fce02f8b1ea87e2e70fd3ad8c7cce1", "observations": 38, "start": "2021-12-31", "end": "2025-01-31", "definition": "Broad developed listed property, not Dividend+. Official EUR gross total return. Older Curvo basis remains unreconciled; current property tracker cost proxy." }, { "series": "monetaire_euro_eonia", "file": "monetaire_euro-8aeb73c207ea-levels.json", "sha256": "8aeb73c207ea5a2618b702dd962d911c889b43e76d3b193ac2ab8b2316559db1", "observations": 144, "start": "1999-01-31", "end": "2010-12-31", "definition": "Observed EONIA overnight deposits, Actual/360 interest compounded at each following business observation; last available business-date wealth per month. Current cash reference charge 0.10%." }, { "series": "obligations_etat_monde_ex_euro_couvertes", "file": "public/data/global-govt-bonds-eur-hedged-corrected.csv", "sha256": "0a145a23a66642c09806f2f3e2cb7273a147727c1d5286b627ff6a86e4312fd8", "observations": 496, "start": "1985-01-31", "end": "2026-04-30", "definition": "Corrected EUR-hedged series used in the published tables: supplied FTSE WGBI Developed EUR-hedged levels to 2021-02-28, then chained month-end Xetra closes of Xtrackers II Global Government Bond UCITS ETF 1C - EUR Hedged (LU0378818131) after ongoing charges. The supplied series tracks the unhedged index from March 2021." } ], "reconstructed_summaries": [ { "asset_class": "US equities (S&P 500 TR)", "source": "actions_us", "start": "2000-02-29", "end": "2003-02-28", "observations": 37, "max_drawdown_pct": -52.5, "peak_date": "2000-08-31", "trough_date": "2003-02-28", "window_total_return_pct": -42.1, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.99 }, { "asset_class": "European equities (STOXX Europe 600 NR)", "source": "actions_europe", "start": "2000-02-29", "end": "2003-02-28", "observations": 37, "max_drawdown_pct": -51.9, "peak_date": "2000-08-31", "trough_date": "2003-02-28", "window_total_return_pct": -50.2, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.92 }, { "asset_class": "Japanese equities (MSCI Japan IMI NR)", "source": "actions_japon", "start": "2000-02-29", "end": "2003-02-28", "observations": 37, "max_drawdown_pct": -63.8, "peak_date": "2000-03-31", "trough_date": "2003-01-31", "window_total_return_pct": -60.5, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.61 }, { "asset_class": "Pacific ex Japan equities (MSCI)", "source": "actions_asie_pacifique", "start": "2000-02-29", "end": "2003-02-28", "observations": 37, "max_drawdown_pct": -35.9, "peak_date": "2000-08-31", "trough_date": "2003-02-28", "window_total_return_pct": -31.0, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.82 }, { "asset_class": "Emerging-market equities (MSCI EM IMI NR)", "source": "actions_emergentes", "start": "2000-02-29", "end": "2003-02-28", "observations": 37, "max_drawdown_pct": -49.1, "peak_date": "2000-03-31", "trough_date": "2003-02-28", "window_total_return_pct": -48.2, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.83 }, { "asset_class": "French equities (CAC 40 GR)", "source": "actions_france", "start": "2000-02-29", "end": "2003-02-28", "observations": 37, "max_drawdown_pct": -56.4, "peak_date": "2000-08-31", "trough_date": "2003-02-28", "window_total_return_pct": -52.6, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.84 }, { "asset_class": "German equities (DAX)", "source": "actions_allemagne", "start": "2000-02-29", "end": "2003-02-28", "observations": 37, "max_drawdown_pct": -66.7, "peak_date": "2000-02-29", "trough_date": "2003-02-28", "window_total_return_pct": -66.7, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.84 }, { "asset_class": "World equities (MSCI ACWI, price only)", "source": "actions_monde", "start": "2000-02-29", "end": "2003-02-28", "observations": 37, "max_drawdown_pct": -54.6, "peak_date": "2000-08-31", "trough_date": "2003-02-28", "window_total_return_pct": -49.5, "peak_regained_within_window": "" }, { "asset_class": "Euro government bonds (iBoxx € Sovereigns)", "source": "obligations_etat_euro", "start": "2000-02-29", "end": "2003-02-28", "observations": 37, "max_drawdown_pct": -2.1, "peak_date": "2001-10-31", "trough_date": "2002-03-31", "window_total_return_pct": 26.8, "peak_regained_within_window": "2002-06-30", "monthly_correlation_vs_world_equities": -0.43 }, { "asset_class": "Global government bonds EUR-hedged (FTSE WGBI Developed)", "source": "obligations_etat_monde_ex_euro_couvertes", "start": "2000-02-29", "end": "2003-02-28", "observations": 37, "max_drawdown_pct": -1.6, "peak_date": "2001-10-31", "trough_date": "2002-03-31", "window_total_return_pct": 27.5, "peak_regained_within_window": "2002-05-31", "monthly_correlation_vs_world_equities": -0.58 }, { "asset_class": "Emerging-market debt EUR-hedged (FTSE)", "source": "dette_emergente_couverte", "start": "2000-02-29", "end": "2003-02-28", "observations": 37, "max_drawdown_pct": -10.5, "peak_date": "2002-04-30", "trough_date": "2002-07-31", "window_total_return_pct": 33.2, "peak_regained_within_window": "2002-11-30", "monthly_correlation_vs_world_equities": 0.43 }, { "asset_class": "Euro cash (ECB EONIA compounded)", "source": "monetaire_euro_eonia", "start": "2000-02-29", "end": "2003-02-28", "observations": 37, "max_drawdown_pct": 0, "peak_date": "", "trough_date": "", "window_total_return_pct": 12.6, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.07 }, { "asset_class": "Gold (spot in euros)", "source": "or", "start": "2000-02-29", "end": "2003-02-28", "observations": 37, "max_drawdown_pct": -10.5, "peak_date": "2002-05-31", "trough_date": "2002-07-31", "window_total_return_pct": 6.6, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.08 }, { "asset_class": "Commodities (Bloomberg Commodity 3M Forward)", "source": "matieres_premieres", "start": "2000-02-29", "end": "2003-02-28", "observations": 37, "max_drawdown_pct": -16.7, "peak_date": "2000-11-30", "trough_date": "2001-10-31", "window_total_return_pct": 27.4, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.47 }, { "asset_class": "US equities (S&P 500 TR)", "source": "actions_us", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": -44.1, "peak_date": "2007-09-30", "trough_date": "2009-02-28", "window_total_return_pct": -16.9, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.94 }, { "asset_class": "European equities (STOXX Europe 600 NR)", "source": "actions_europe", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": -53.7, "peak_date": "2007-10-31", "trough_date": "2009-02-28", "window_total_return_pct": -24.5, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.96 }, { "asset_class": "European small caps (MSCI Europe Small Cap)", "source": "actions_europe_petites_caps", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": -59.6, "peak_date": "2007-10-31", "trough_date": "2009-02-28", "window_total_return_pct": -18.6, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.9 }, { "asset_class": "Japanese equities (MSCI Japan IMI NR)", "source": "actions_japon", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": -39.8, "peak_date": "2007-09-30", "trough_date": "2009-03-31", "window_total_return_pct": -22.9, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.79 }, { "asset_class": "Pacific ex Japan equities (MSCI)", "source": "actions_asie_pacifique", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": -55.5, "peak_date": "2007-10-31", "trough_date": "2009-02-28", "window_total_return_pct": -5.7, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.93 }, { "asset_class": "Emerging-market equities (MSCI EM IMI NR)", "source": "actions_emergentes", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": -56.4, "peak_date": "2007-10-31", "trough_date": "2009-02-28", "window_total_return_pct": 1.0, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.91 }, { "asset_class": "French equities (CAC 40 GR)", "source": "actions_france", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": -51.7, "peak_date": "2007-10-31", "trough_date": "2009-02-28", "window_total_return_pct": -26.8, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.9 }, { "asset_class": "German equities (DAX)", "source": "actions_allemagne", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": -52.4, "peak_date": "2007-12-31", "trough_date": "2009-02-28", "window_total_return_pct": -20.8, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": 0.87 }, { "asset_class": "World equities (MSCI ACWI, price only)", "source": "actions_monde", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": -50.0, "peak_date": "2007-10-31", "trough_date": "2009-02-28", "window_total_return_pct": -23.0, "peak_regained_within_window": "" }, { "asset_class": "Euro government bonds (iBoxx € Sovereigns)", "source": "obligations_etat_euro", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": -3.5, "peak_date": "2008-02-29", "trough_date": "2008-06-30", "window_total_return_pct": 20.7, "peak_regained_within_window": "2008-09-30", "monthly_correlation_vs_world_equities": -0.17 }, { "asset_class": "Euro inflation-linked government bonds", "source": "obligations_indexees_euro", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": -6.4, "peak_date": "2008-08-31", "trough_date": "2008-10-31", "window_total_return_pct": 18.6, "peak_regained_within_window": "2009-03-31", "monthly_correlation_vs_world_equities": 0.28 }, { "asset_class": "Euro corporate bonds (iBoxx EUR Liquid Large Cap)", "source": "obligations_ig_euro", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": -5.0, "peak_date": "2008-02-29", "trough_date": "2008-09-30", "window_total_return_pct": 21.3, "peak_regained_within_window": "2009-01-31", "monthly_correlation_vs_world_equities": 0.35 }, { "asset_class": "Euro high-yield bonds (iBoxx € Liquid High Yield)", "source": "haut_rendement_euro", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": -34.2, "peak_date": "2007-10-31", "trough_date": "2008-12-31", "window_total_return_pct": 13.6, "peak_regained_within_window": "2009-12-31", "monthly_correlation_vs_world_equities": 0.76 }, { "asset_class": "Global government bonds EUR-hedged (FTSE WGBI Developed)", "source": "obligations_etat_monde_ex_euro_couvertes", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": -2.1, "peak_date": "2008-03-31", "trough_date": "2008-05-31", "window_total_return_pct": 20.2, "peak_regained_within_window": "2008-08-31", "monthly_correlation_vs_world_equities": -0.39 }, { "asset_class": "Emerging-market debt EUR-hedged (FTSE)", "source": "dette_emergente_couverte", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": -20.6, "peak_date": "2008-04-30", "trough_date": "2008-10-31", "window_total_return_pct": 33.5, "peak_regained_within_window": "2009-06-30", "monthly_correlation_vs_world_equities": 0.51 }, { "asset_class": "Euro cash (Solactive Euro Overnight Return)", "source": "monetaire_euro", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": 0, "peak_date": "", "trough_date": "", "window_total_return_pct": 6.2, "peak_regained_within_window": "", "monthly_correlation_vs_world_equities": -0.46 }, { "asset_class": "Gold (spot in euros)", "source": "or", "start": "2007-09-30", "end": "2010-09-30", "observations": 37, "max_drawdown_pct": -12.5, "peak_date": "2008-02-29", "trough_date": "2008-04-30", "window_total_return_pct": 82.8, 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"monthly_observations": 37, "eodhd_retrieved_at": "2026-10-16T14:37:31.928450+00:00", "eodhd_response_sha256": "b7da42f50bb2adb5ade301fff4c88dbc8feaaab5242a395f66c2b92d26a1ca46", "eodhd_window_return_pct": 12.4703, "index_window_return_pct": 12.5722, "return_gap_percentage_points": -0.102, "eodhd_max_drawdown_pct": -18.9, "index_max_drawdown_pct": -18.6, "interpretation": "Different instrument and measurement conventions; a cross-check, not an exact replication of the index." }, { "symbol": "EXS1.XETRA", "index_series": "actions_allemagne", "start": "2020-01-31", "end": "2023-01-31", "monthly_observations": 37, "eodhd_retrieved_at": "2026-10-16T14:37:32.008198+00:00", "eodhd_response_sha256": "3ad98466402565882101f01f125e60297e0cf3ab5f77f2f60daff49ef3b4504f", "eodhd_window_return_pct": 14.5219, "index_window_return_pct": 16.5329, "return_gap_percentage_points": -2.011, "eodhd_max_drawdown_pct": -24.2, "index_max_drawdown_pct": -23.7, "interpretation": "Different instrument and measurement conventions; a cross-check, not an exact replication of the index." }, { "symbol": "EXS1.XETRA", "index_series": "actions_allemagne", "start": "2021-12-31", "end": "2024-12-31", "monthly_observations": 37, "eodhd_retrieved_at": "2026-10-16T14:37:32.008198+00:00", "eodhd_response_sha256": "3ad98466402565882101f01f125e60297e0cf3ab5f77f2f60daff49ef3b4504f", "eodhd_window_return_pct": 22.9981, "index_window_return_pct": 25.3341, "return_gap_percentage_points": -2.336, "eodhd_max_drawdown_pct": -24.2, "index_max_drawdown_pct": -23.7, "interpretation": "Different instrument and measurement conventions; a cross-check, not an exact replication of the index." }, { "symbol": "DBZB.XETRA", "index_series": "obligations_etat_monde_ex_euro_couvertes", "start": "2020-01-31", "end": "2023-01-31", "monthly_observations": 37, "eodhd_retrieved_at": "2026-10-16T14:37:32.042138+00:00", "eodhd_response_sha256": "09ddb4d16eef18b457c5d802a44555a92e67aa3d6b8a4ea65ef29c45b6f742f8", "eodhd_window_return_pct": -14.4264, "index_window_return_pct": -13.9859, "return_gap_percentage_points": -0.4405, "eodhd_max_drawdown_pct": -18.4, "index_max_drawdown_pct": -18.1, "interpretation": "Different instrument and measurement conventions; a cross-check, not an exact replication of the index." }, { "symbol": "DBZB.XETRA", "index_series": "obligations_etat_monde_ex_euro_couvertes", "start": "2021-12-31", "end": "2024-12-31", "monthly_observations": 37, "eodhd_retrieved_at": "2026-10-16T14:37:32.042138+00:00", "eodhd_response_sha256": "09ddb4d16eef18b457c5d802a44555a92e67aa3d6b8a4ea65ef29c45b6f742f8", "eodhd_window_return_pct": -12.4473, "index_window_return_pct": -12.4473, "return_gap_percentage_points": -0.0, "eodhd_max_drawdown_pct": -17.3, "index_max_drawdown_pct": -17.3, "interpretation": "Different instrument and measurement conventions; a cross-check, not an exact replication of the index." }, { "symbol": "IHYG.LSE", "index_series": "haut_rendement_euro", "start": "2020-01-31", "end": "2023-01-31", "monthly_observations": 37, "eodhd_retrieved_at": "2026-10-16T14:37:32.064043+00:00", "eodhd_response_sha256": "a67508eb90bc4e179fbf3211af8190ea74b788e8e34c644a2019ba5b059afb13", "eodhd_window_return_pct": -3.0415, "index_window_return_pct": -2.3971, "return_gap_percentage_points": -0.6444, "eodhd_max_drawdown_pct": -14.5, "index_max_drawdown_pct": -15.0, "interpretation": "Different instrument and measurement conventions; a cross-check, not an exact replication of the index." }, { "symbol": "IHYG.LSE", "index_series": "haut_rendement_euro", "start": "2021-12-31", "end": "2024-12-31", "monthly_observations": 37, "eodhd_retrieved_at": "2026-10-16T14:37:32.064043+00:00", "eodhd_response_sha256": "a67508eb90bc4e179fbf3211af8190ea74b788e8e34c644a2019ba5b059afb13", "eodhd_window_return_pct": 6.5478, "index_window_return_pct": 8.2309, "return_gap_percentage_points": -1.683, "eodhd_max_drawdown_pct": -14.2, "index_max_drawdown_pct": -13.6, "interpretation": "Different instrument and measurement conventions; a cross-check, not an exact replication of the index." }, { "symbol": "4GLD.XETRA", "index_series": "or", "start": "2020-01-31", "end": "2023-01-31", "monthly_observations": 37, "eodhd_retrieved_at": "2026-10-16T14:37:32.102326+00:00", "eodhd_response_sha256": "5135ceed43e619be38167ce6917afe7199623b9d81c1f84f6b361f434daeae60", "eodhd_window_return_pct": 23.8654, "index_window_return_pct": 23.8981, "return_gap_percentage_points": -0.0327, "eodhd_max_drawdown_pct": -14.8, "index_max_drawdown_pct": -13.3, "interpretation": "Different instrument and measurement conventions; a cross-check, not an exact replication of the index." }, { "symbol": "4GLD.XETRA", "index_series": "or", "start": "2021-12-31", "end": "2024-12-31", "monthly_observations": 37, "eodhd_retrieved_at": "2026-10-16T14:37:32.102326+00:00", "eodhd_response_sha256": "5135ceed43e619be38167ce6917afe7199623b9d81c1f84f6b361f434daeae60", "eodhd_window_return_pct": 57.5645, "index_window_return_pct": 56.383, "return_gap_percentage_points": 1.1815, "eodhd_max_drawdown_pct": -8.5, "index_max_drawdown_pct": -8.8, "interpretation": "Different instrument and measurement conventions; a cross-check, not an exact replication of the index." }, { "symbol": "IS3N.XETRA", "index_series": "actions_emergentes", "start": "2020-01-31", "end": "2023-01-31", "monthly_observations": 37, "eodhd_retrieved_at": "2026-10-16T14:37:31.965175+00:00", "eodhd_response_sha256": "b648e8f811cef2ee32067c6dd9968821746e4cf02a3f40d0c366ee0074fef180", "eodhd_window_return_pct": 11.1544, "index_window_return_pct": 8.94, "return_gap_percentage_points": 2.2144, "eodhd_max_drawdown_pct": -21.3, "index_max_drawdown_pct": -21.7, "interpretation": "Different instrument and measurement conventions; a cross-check, not an exact replication of the index." }, { "symbol": "IS3N.XETRA", "index_series": "actions_emergentes", "start": "2021-12-31", "end": "2024-12-31", "monthly_observations": 37, "eodhd_retrieved_at": "2026-10-16T14:37:31.965175+00:00", "eodhd_response_sha256": "b648e8f811cef2ee32067c6dd9968821746e4cf02a3f40d0c366ee0074fef180", "eodhd_window_return_pct": 4.8687, "index_window_return_pct": 4.5205, "return_gap_percentage_points": 0.3482, "eodhd_max_drawdown_pct": -18.2, "index_max_drawdown_pct": -18.6, "interpretation": "Different instrument and measurement conventions; a cross-check, not an exact replication of the index." }, { "symbol": "EUNN.XETRA", "index_series": "actions_japon", "start": "2020-01-31", "end": "2023-01-31", "monthly_observations": 37, "eodhd_retrieved_at": "2026-10-16T14:37:31.963631+00:00", "eodhd_response_sha256": "b63a0370277cd0f846dfb6ffd4d3ac9090e9fe3c4b4f2590eaeb901b812a4f0e", "eodhd_window_return_pct": 7.4245, "index_window_return_pct": 5.6092, "return_gap_percentage_points": 1.8153, "eodhd_max_drawdown_pct": -15.3, "index_max_drawdown_pct": -15.6, "interpretation": "Different instrument and measurement conventions; a cross-check, not an exact replication of the index." }, { "symbol": "EUNN.XETRA", "index_series": "actions_japon", "start": "2021-12-31", "end": "2024-12-31", "monthly_observations": 37, "eodhd_retrieved_at": "2026-10-16T14:37:31.963631+00:00", "eodhd_response_sha256": "b63a0370277cd0f846dfb6ffd4d3ac9090e9fe3c4b4f2590eaeb901b812a4f0e", "eodhd_window_return_pct": 15.0993, "index_window_return_pct": 17.4999, "return_gap_percentage_points": -2.4006, "eodhd_max_drawdown_pct": -13.7, "index_max_drawdown_pct": -13.4, "interpretation": "Different instrument and measurement conventions; a cross-check, not an exact replication of the index." } ], "excluded_eodhd_listing": { "symbol": "SGLD.AS", "reason": "Repeated identical adjusted closes across more than one trading year; cannot corroborate gold drawdowns.", "flat_observations": 661, "flat_start": "2021-07-15", "flat_end": "2024-02-07", "source_response_sha256": "bb209da364d04da4d8180602dabee2feadec68e281f34c8a2ada9bbef0378091", "replacement": "4GLD.XETRA is a separate gold-backed instrument; its costs, close time and structure differ from spot bullion." }, "limitations": [ "Archived EODHD capture retrieved 16 October 2026; this check makes no fresh authenticated EODHD request.", "Provider index histories are reproduced, not a reconstruction from underlying securities.", "ETF/ETC market prices, expenses, tax treatment, benchmark composition, FX fixing and exchange close time can differ from index levels. Observed gaps are retained, not attributed without evidence.", "The supplied global government series switched to unhedged returns in March 2021; from that month the published series is the DBZB EUR-hedged ETF itself (Xetra closes), so the DBZB rows below are no longer an independent check after February 2021. Their remaining gaps reflect EODHD adjusted closes versus Xetra closes and the 2020 index months.", "Cash switches sources between crisis windows: ECB EONIA for dot-com, Solactive Euro Overnight Return thereafter. No continuous stitched cash series is claimed.", "Index values precede investor fees, taxes and inflation; current reference-fee fields in the source receipt are NOT applied to these published history tables.", "Pre-1999 EUR histories and some pre-launch index histories are provider reconstructions.", "Monthly sampling misses intra-month extremes; selected crisis windows cannot estimate expected future geometric growth." ] }