The App that shows Total Returns that you may be Ignoring! (original) (raw)

Total Returns Stocks Dividends App (since 2012)

App store link for the updated Total Returns (dual returns on 10,000+ global stocks, ETFs, mutual funds; allows backtesting and stress-testing)

• "We heard that there is an App for everything, well almost. Have you ever wondered what is the actual return on a security between any two points in time? Returns that include dividends and interest? This App offers Total and Price Returns for Stocks, Bonds, Mutual Funds, Indexes and ETFs. While it may sound logical, most finance websites don't produce this information. That's why we built the "Total Returns Stocks Dividends" App, because the omission of this information has consequences for the investor.
• IFA Petition to Financial Media to Display Total Return Charts (2024)
• The App brings to you global stock and market return history since 1990, along with a combination of features that you can put to use right away - just three screens and a few taps. Done! The next time your financial advisor suggests an investment idea do a spot run and compare with your favorite index or check out your own tickers before tossing in money. Take control, be informed!
• The App provides instant point-to-point returns (has On/Off option for both Price only and Total Returns) for any stock, mutual fund, index or ETF, even multiple securities simultaneously. Try that on the web (say SPY from 8/1/08 to 12/1/08 and compare it to BND), you may have to download a table of numbers. In 5 taps this App will do it. The full version of the App is available on the iTunes button below. *A newer version called "Total Returns Stocks Dividends" (earlier versions were called CorrectCharts and ReturnFinder) enables fast backtesting as well, you can read about it via the Red icon on the right sidebar.*
• App Reviews from Users since 2012
• This App is designed for Main St. investors, not just Wall St. traders. As an example, for a 599investmentinthemarket,theAppwillrecoveritscostinayearassumingamodest1599 investment in the market, the App will recover its cost in a year assuming a modest 1% return - because it shows you the actual (but mostly invisible) Total Return of assets being compared. Knowing the Total Return of an asset before you add it to a portfolio is a critical piece of asset information. See this App screenshot. You also won't need a 599investmentinthemarket,theAppwillrecoveritscostinayearassumingamodest120K terminal/yr that the investment houses use to get this info.
• It also helps manage risk exposures by bringing on par lower volatility assets, that are also income-generating. The App is particularly useful if you have mutual funds, ETFs, bonds, or dividend paying stocks. Investing without Total Return information is sort of like driving without a fuel gauge - the car runs until it just stops - investors without adequate exposure to bonds or income securities have been losing money since 2000, and they never think much of these low volatility assets because the returns are not visible to them on the major sites on the internet. This App gives you that X-Ray insight. Instantly.
• For the academics out there, this App provides a solution to a very longstanding and widespread problem found with stock market charts and return numbers on the internet - the returns of income generating securities exclude a critical variable leading to *meaningless* comparative return charts and instances of performance ranking inversion - this is a serious problem since it can optically bias investors against less volatile assets that traditionally generate a steady income. Investors are not able to see what the actual total return is on an investment because most web charts are 'Price Return' only. This App rectifies the problem and provides an easy to use solution - to the best of our information this is the first App that does that. Apple's site link: "Total Returns Stocks Dividends App" @ iTunes.
• Dec 2011, the Wall Street Journal publishes this article: "Price Charts Can Mislead." Click to read.
• The App has been downloaded globally (Australia, Switzerland, France, Finland, Sweden, Peru, Mexico, Thailand, UK, China, Turkey, Israel, Portugal, Germany, Taiwan, Greece, Canada, India, New Zealand, USA, Hong Kong...). Some actual user comments: "Radical performance differences." "I REALLY like how you can turn ON and OFF the dividends, it shows a clear case why the App is important." "I challenge you to check out some ticker symbols you frequently chart and size them up with this app.""The finance App for the 99%." "...works like a charm."
• The content on this site can seem vast, it is designed to pre-empt questions that we expect from a very informed audience. You can fast forward by scrolling down to the 'App Gallery' or 'Audience' or 'Motivation' tabs. Show us your support and connect via FB or Twitter - listed bottom right.

• App's Global Coverage

Supports all tickers such as Stocks/Equities, ETFs (Bonds, Commodities, Currency), Mutual Funds, Indices; for both the US and Global markets. Can compare a security with multiple indices simultaneously.

• Actual Yield

While comparing with other tickers the user can compare the security with itself by turning off the income mode. This instantly gives the actual return difference accruing from dividends and coupon interest - which is the realized income yield.

• Various Features

Turning ON/OFF Interest and Dividends, user specified Start and End date ranges for charting, instant point to point security returns, numerical cumulative return output, single, dual or multiple comparisons, automatic determination of the earliest trading date on a ticker, and history going back to 2000 are some of the App features. It provides both types of returns in a visually appealing and numerically precise manner to investors who have accepted the mobile desktop. Of the 160% return on the SP500 since 2000, over 80% comes from dividends (as of May 2018) - this App can show that in a few taps.

• Investor Driven

The product has been developed as a result of user demand that is currently unmet by most leading finance and business websites. Research indicates that over 40 million investors look at these websites monthly, and are being served incomplete information on asset returns, eventually that affects the perception of investors towards income-generating asset types. Financial assets such as bonds, convertibles and high dividend stocks (ETFs and mutual funds as well) appear visually unattractive on websites that provide price only return charts, this App levels the playing field.

• Overview

• App Gallery

• * Audience

• Motivation/Research

• Technical Use

• FAQ

• Contact

• 

What is this App about?

This app provides a solution to a widespread problem found with most comparative return charts and numbers on the web. The non-inclusion of income events such as dividends, coupon interest and distributions make the return charts of little use to long-term investors, additionally they can 'optically bias' them against lower volatility income type assets. The implication of this anomaly extends to sub-optimal allocation of capital, where funds can get invested into lower returning higher risk assets, when a more stable and consistent option is available but overlooked – due to the potentially misleading impact of ‘price only’ charts (see App Gallery for illustration). If the interest on your mortgage would be 0% your installments would drastically decline, think of those installments as your income on capital invested - you would not choose such investments. Unfortunately, those very investments are generating a steady income but not getting reflected on 'price only' charts, thus portraying an incomplete and incorrect picture of what would otherwise be a good investment. For whatever reason, despite user demand (see Motivation/Research tab) most of the websites do not produce Total Return (TR) charts. That's where this App comes in. We have condensed the whole process to a few taps on two screens.

Comparison Options

One of the unique features of the App is that it can simultaneously plot the Total returns as well as the Price returns on the same ticker along with other tickers in the compare mode. This instantly gives the return delta (difference) accruing from dividends and coupon interest, thus enabling the user to evaluate the cumulative returns arising out of the seemingly small stream of dividends and interest (see Technical tab for more information). Often this difference can run into 3-digit percentage numbers (click on the App Gallery and then click on the screenshots). Even in single security mode the App returns cumulative return percentages only on the Y-axis (not prices).

US/Global Assets and Features

The App covers both US and Global stock markets and has history going back to 2000. To the best of our research, no other App or website offers the combination of features that are included in CorrectCharts. The problem being rectified by the App has been written up in the WSJ (Jul 2011, Dec 2011) and other professional journals. The App covers not only ETFs (for bonds, currency, commodities, equities) but Mutual Funds and Stocks as well – besides it gives the user full control over start and end dates, instead of pre-determined time frames, it even auto-determines the earliest trade date for a ticker. The user can choose any traded asset as a comparison benchmark, or even multiple benchmarks simultaneously! This feature can be useful to study short-selling income leaks during the establishment of long-short pair trades. Additional features can be seen in the screenshots or read under the 'Technical' tab.

• Save your work

You can save your graph output by doing a screen grab of your mobile device screen, which goes to your camera roll.

CorrectCharts App - Uncovering the power behind dividend (and coupon) based investing

The App is based on thorough research and market demand that is not being met by most leading finance and business websites. Research indicates that over 40 million investors look at these websites monthly (JBF paper, 2010). That is a lot of people looking at incomplete returns that are omitting critical information about income payouts. Information often leads to action, in this case allocation of scarce capital. The investor misses out in the end.

• This App allows the user to plot Total return charts that include both dividends and coupon interest
• Most business and finance websites / Apps provide Price return charts only, thus ignoring the income variable in the total return equation. This is not a 'third decimal' type error, it is a major omission - see screenshots and the discussion section below.
• This can lead to inversion of performance ordering, where a bad asset actually appears to be outperforming the good and often lower volatility asset.
• In the end it is the investor who loses due to the optical bias created by incomplete charts. Look closer.

Our Motivation

Noticing the increasing appearance of this matter in the professional and social finance circles, we decided to produce an actionable solution. A team comprising of quantitative computational finance and mobile computing specialists from the US, Germany and Canada created this finance App. With the old desktop morphing into the mobile gadget we decided to create an iPhone App that would allow the serious investor and the newer generation of investors to plot Total return charts and have instant cumulative total returns, which include both dividends and coupon interest. As of 2018, we hope to have an Android / Desktop version too.

A Unique Feature of the App

One of the unique features of the App is that it can simultaneously plot the Total returns as well as the Price returns on the *same* ticker along with other tickers in the compare mode. To the best of our research, no other website or App does that, this enables instant generation of the return delta, which is of course the portion of return accruing from income (dividends and interest). On the usual charts the investor does not see this and could get dis-interested in the asset and opt for the higher volatility one (usually with limited or no income streams, just like a zero coupon bond is so much more volatile than a equivalent duration T-bond).

Research/Discussion on the Topic of Total Return Charts

Wall Street Journal - Price Charts Can Mislead, Dec 2011

The Problem with Many Performance Charts, Advisor Perspectives, Nov 2011

[Wall Street Journal - Why We Can't Tell if the Market is Half Empty or..., Jul 2011](img/wsj%5F jason%5Fzweig%5F2011.jpg)

What is Wrong With this Picture?, Journal of Behavioral Finance, Dec 2010

[*Listed below are links to social sites that discuss the need for TR charts*](# tab-3)

Discussion of Total return charts on LinkedIn - May 2008

Discussion of the issue on EarlyRetirement.org

Discussion of Total return charts on the Morningstar finance portal

Discussion on Bogleheads - a finance BB inspired by Vanguard founder John Bogle

Additional discussion of Total return charts on Bogleheads

Looking for Total return charts

A request from Canada - Feb 2012

Posting on Flaws in Stock and ETF Charts - May 2012

Version History

App Showcase 1.2 April 23 2012

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App Showcase 1.1.1 October 13th 2011

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App Showcase 1.1 June 24th 2010

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FAQ

Some frequent queries we get:

• Is this App a trading device?

• Far from it. This is an analysis tool, not a stock selection tool, not a recommendation service nor a trading device - it just processes vast amounts of information that already resides in the public domain and makes it readily available to the user, saving them tedious calculations on the spreadsheet. Please note that there are many other metrics to consider before making an informed decision on the suitability of an investment, this App only provides relative return charts and cumulative total performance numbers, it is not designed to be a one-stop heuristic, method, mechanism or a solution.

• Why an App and not a website?

• Conventional wisdom would dictate that, just as the conventional charts are 'price only' - it would have been simpler to put this on a web-interface, but the desktop has become mobile and we wanted to have a greater outreach. We want to provide the missing part in some very critical information, to a group that has obviously demonstrated that it embraces technologies faster. We are doing the calculations and presenting it in a format that is visually interesting, we want you to think about how an investment fits into your risk-return framework and reflect on it even when you are not at your desk, why not?Tim Cook, CEO of Apple said this about the growth of mobile computing (April, 2012), "through the last quarter, I should say, which is just 2 years after we shipped the initial iPad, we’ve sold 67 million. And to put that in some context, it took us 24 years to sell that many Macs and 5 years for that many iPods and over 3 years for that many iPhones." Eric Jackson, PhD (Columbia) of Forbes says this, "Mobile companies born since 2010 have a very different view of the world. These companies – and Instagram is the most topical example at the moment – view the mobile smartphone as the primary (and oftentimes exclusive) platform for their application. They don’t even think of launching via a web site."

• What was the App coded in? There must be a lot of wheels and gears grinding in the background.
• Frankly, this became a bigger undertaking than we thought it would be. This is the product of about five years of research and many months of design, development and testing in both the US, Germany and now in Canada. The shell is written in Objective-C and Java. Cocoa Touch is Apple's UI framework to develop software for their devices. JSON (JavaScript Object Notation) and Core Plot libraries are invoked as well. Research was conducted with VBA macros and packages such as Mathematica (Wolfram), GRETL and PAST.

• Why is there a charge for the App?

• Google this: "typical app development cost" - 12,000to12,000 to 12,000to150,000 - just the amount of electricity that went into keeping the Macs up, not to mention the Big Macs that went into this, runs up the bill! If you miss out a 4.99% yielding asset due to an incorrect interpretation of its performance - on a 10,000investmentthatwouldbe10,000 investment that would be 10,000investmentthatwouldbe499 foregone per year. Not including the research, just the App design, development and testing has run into hundreds of people hours. We think that a serious user that values their investments will think of this productivity app as a minuscule but wise investment, at least worth a mac! Some Pro trade stations through which you can have this information charge upwards of $1,500/month. Besides we have to subscribe to live daily pricing of over 10,00 stocks, ETFs and mutual funds, whichis why there is a monthly subscription.
  
  
  ** In 2018 we will release an updated app - "Total Returns Stocks Dividends" (name helps with keyword search on platforms) in which there are no cycles or interval limitations (earliest data date is 2000) and 8 tickers can be inputted. All apps are released by Cloud Epsilon LLC.

• Do 'Price only' charts bias investors against bonds and dividend paying stocks?

• After all, why do people look at comparative charts in the first place? To gauge relative performance, which eventually feeds into their decision process. So if a bond investment appears flat after a decade and a half, when in fact it generated over 200% (means value has tripled), we have a situation (see App Gallery #3). The problem is when a investor does not see that performance manifest on a chart and thus opts for the more volatile option that at least seems to go somewhere (App Gallery #2). Then a visual matter becomes real because a potentially good investment is not even considered (see SHY in dual mode, On and OFF, 5 years). Bonds have been delivering performance since 2000, but a short term trading mentality and an insistence on capital gains could well have kept some investors from benefitting from these lower volatility income-generating assets. Einstein reportedly said, “The most powerful force in the universe is compound interest.” But if there is no intermittent income, there is no compounding! Even in the single security mode our App returns % cumulative return only, because that is what the holder gets at the end of the holding period. However, bonds are risky too, when interest rates rise rapidly bond portfolios often see erosion of value due to the so called 'price risk' - there is 'no free lunch'...who said that? Diversification and moderation is often the key, but sometimes hard to accomplish. The Motivation/Research tab has journal articles on this topic.

• What's in the icon and name CorrectCharts? Is the technology portable?

• The icon has the Greek sigma capitalized, in mathematical finance it is used to denote 'Summation' - we thought the App produces charts that don't forget to add in the dividends and the interest! Most charts being served on the web can possibly create an inCorrect impression, leading to the formation of a bias, especially in the compare mode or when asset types are crossed. Biases are hard to remove and can lead to bad decision-making. We want to Correct that. To the best of our information, we have not seen elsewhere the combination of features that this App offers. Our technology is portable, however, the domain or technology is not for sale.

Get In Touch!

You can get in touch via email> info "@" CorrectCharts.com . Whether you have a question on your mind, an idea, or want to provide us with some feedback, just drop us a line.

Technical

A few usage type queries:

• How do I get started? (for the FullFullFull version)
• Tickers are the only item you type in the App - they are in standard US format and can be looked up on the web (such as Yahoo! Finance) by entering partial company/issuer names. After you have a couple of tickers in mind, say SPY and IEF enter them in the 'Red' ticker-entry box (use a space or a comma between the tickers) and swipe left - that's it! You will see a chart with two lines and a table below with total returns for the default 1 year period. This particular case is for the US Stock market versus US Treasury Bonds. Now you can make it interesting: swipe back, enter SPY, IEF again, tap the 'Date Picker' and select a 5 year window (remember to hit the 'save begin date' button) and tap 'Done' - now you see two lines with a wider dispersion. But wait, I entered 4 tickers? OK, swipe back and turn OFF a pair of SPY and IEF, then swipe left. Now you see 4 lines, the spread between each line is the 'invisible' income portion of total return. Notice the large difference in the associated table for IEF. Also notice how IEF has been a slow and steady return generator, with almost half of its returns coming from coupon interest. Financial assets such as bonds, convertibles and high dividend stocks, ETFs and mutual funds appear visually unattractive on websites that provide price only return charts. The 'optical bias' can lead to actual wealth loss, if a potential investor forgoes such investment opportunities in favor of typically higher volatility assets.
  

>> Try SHY, SHY with a 10 year date interval, and turn OFF the button for the second SHY, notice the 25%+ difference? It is the same short duration US Treasury bond ETF that with almost no volatility has produced a 25% return (and state tax shielded, since it is a US Treasury bond vehicle). BTW, use 'clear all' to clear all tickers from the previous run. Note: The idea is that you try these four examples out yourselves, the small images serve only as a reference to compare your output.
>> Try VFINX, VFINX with start date 1987, and turn OFF the button for the second VFINX (Vanguard SP500 Index fund) - of the 700% return on the SP500 since 1987, over 350% comes from dividends - many people say index investing is 'boring' - yes the way it looks on 'price return' only charts. Ignoring 350% on a 100,000investmentislikeleaving100,000 investment is like leaving 100,000investmentislikeleaving350,000 on the table. Note: No accompanying image.

>> Try VWINX, VFINX with start date 1987, notice the about 200% difference? This is also an example of how balanced income funds can add steady value over time, the Vanguard VWINX fund has an asset allocation of about 65% US Bonds and 35% Equity. Notice the lower volatility of the 'yellow' line, that is the income fund and the difference is not minuscule. If you add VWINX one more time and turn dividends OFF, the third flat 'blue' line will make for a very uninteresting low volatility investment. But that is not the case. This App changes that.

>> Try VFINX, PTTRX, PTTRX with start date 1987, and turn OFF the button for the second PTTRX, notice the huge 200%+ difference!? This is also an illustration of how bond funds can add steady value over time. The flat ‘blue’ line and the nice ‘red’ line are the SAME asset (in this case PIMCO’s Total Return fund), would you invest in the ‘blue’ asset if that and the 'yellow' lines are all you saw after 16 years? But that is what is seen on most sites that have ‘price only’ returns, naturally it disinterests most investors (seeing a mere 11% vs the invisible actual 223%). Note: the graph date auto-defaults to 1996, since that is the earliest history on PTTRX.

• ***A list of tickers I could plug in to start exploring?

• Sure, enter SPY, VEU, IEF (US market vs all International markets vs medium term US T-Bonds), or XLV twice in both ON and OFF mode - all these for 5 years - you will see the income differential. Now change the date ranges, remember to hit the 'set begin set end date' buttons in the date picker. The UI should be intuitive. You could also instantly find out which of Europe, Emerging or the US markets paid the highest dividends, say in the last 12 months, enter EZU EZU EEM EEM SPY SPY and alternately switch the ON/OFF button, do it for 1 year, the pair that has the highest difference is the one you are looking for - such an experiment could take quite some time on a spreadsheet. Also look at the App Gallery - it has a few illustrative examples that bring out a point or two. BTW, you can enter multiple tickers in the App 'ticker box' - use a space or a comma as a delimiter. Tickers are in standard US format and can be looked up on the web (such as Yahoo! Finance) by entering partial company/issuer names.

• ***How do I determine the earliest start date for a ticker?

• That is easy, the App automatically determines the earliest trade date if the user start date precedes the actual first trading date of the ticker in question. To simplify, say you are not sure of Microsoft's (MSFT) first trade date, just pick 1950 as the 'start date' and the App will display the week of March 13, 1986 as the inception date. Also, if two assets are entered the graphing date defaults to the most recent date, so if MSFT and GE were entered with 1960 as a start date, the graph would start in 1986. Check out IBM, GE with 1950 as the start date!

• What does the ON/OFF button do?

• We built the ON/OFF switch so that the user can see what a chart would look like if no dividends or interest were included in the calculation of Total return. The ON state is the default state and includes all income streams. Sometimes charts do not include dividends or the impact of splits or reverse splits in the price history and yet a chart gets plotted, leading viewers to either think that there has been a severe price action or they end up questioning the graph. So we created the OFF button where the returns are purely raw and include neither income nor corporate events. For companies with no splits the OFF button provides a 'price only' return that can be compared with itself by having a second ticker in the ON position, which would give Total returns. Try SHY, SHY in ON and OFF position for 1 year or 5 years. Also try C, C in ON and OFF position, you will see the impact of a 1 for 10 reverse split in 2011. Note: if the security has undergone a stock split then the OFF position return has no relevant information and cannot be directly compared with the same security return in the ON position.

• Sometimes the App takes a few minutes to run? Memory usage?

• The App could take a few seconds if you have a long interval period coupled with a large number of tickers, the problem would be compounded if the connection is slow. This is not the same as retrieving a current quote from the internet, for 5 tickers and 5 years we are looking at live downloading and subsequent on-the-fly processing of about 6300 pieces of data. No data is saved in temporary files/cache as the variety of combinations for each ticker is almost infinite. For each cycle/run, the date for each ticker is downloaded and processed separately and thereafter released after visualizing it, keeping the memory footprint of the application at a minimal.

• Disclaimer: All tickers used on this site/App are for purely illustrative purposes and should not be construed as investment advice of any type, CorrectCharts has no association of any kind with the issuing companies, please see the full disclaimer on the sidebar of this site.

Audience

Who could use this App?

• We definitely have two groups in mind: the younger generation of potential investors who are comfortable questioning the status quo and the serious long-term investor for whom the markets are not a mere trading platform. The App helps you focus on the real picture - which is about Total Returns - the nuts and bolts are taken care of within the App.
• Anyone who is an investor or is considering mid to long term investing: they will want to see what the total return on an asset has been between any two points in time in order to assess its income potential. This App gives you that number.
• Anyone who has looked at a stock chart on the web or plans to do so, especially in the compare mode, because they are actually looking for relative performance - which must include income based return too. Many assets have income yields over ten times the capital gains yield - that cannot be ignored. This App includes those items.
• Anyone who wants to estimate Stock/ETF/Mutual Fund total returns and estimate its return breakdown into price and dividend (or coupon income) returns.
• Anyone wanting to analyze potential short-selling income leaks during the establishment of long-short pair trades.
• Anyone who has a vague idea that bond mutual funds/ETFs are a good source of steady income but are not sure how to calculate it and compare it with equity assets.
• Anyone who is a true long-term investor and wants to see how income funds have been silent money-making machines over 5+ year horizons.
• *Anyone who is fed up with meaningless comparative return plots ('price only' returns) typically seen on the web that can create so much confusion in the minds of the early as well as the seasoned investor.

Do I have to be pro or a Quant jock or a trading type, or a Guru to use this App?

• Great question! Neither, none. Eben nicht! We've simplified all of this to two screens on your iPhone and just a few taps. That is why we decided to App this idea, so that each and every potential investor could see the true returns and focus on how a chosen asset fits their portfolio, instead of making it an exercise in number-crunching. What is being delivered by most sites on the web has literally brain-washed one if not two generations of investors, who literally think of dividend and income payouts as chump-change (maybe because they are reported as pennies on the dollar) and bond investments as 'boring' - thus foregoing steady income assets in favor of volatile price-only assets. See for yourself - just look at some of the screen shots on this site and punch in the tickers.
• Disclaimer: This is an analysis tool, not a stock selection tool, not a recommendation service nor a trading device - it just processes vast amounts of information that already resides in the public domain and makes it readily available to the user, saving you tedious calculations on the spreadsheet. Please note that there are many other metrics to consider before making an informed decision on the suitability of an investment, this App only provides relative return charts and cumulative total performance numbers, it is not designed to be a one-stop heuristic, method, mechanism or a solution. Please see the full disclaimer on the sidebar of this site.