US Capital Appreciation
| Year | Motiwala Capital | S&P 500 |
| 2020* | 13.9% | 22.2% |
| 2021 | 26.5% | 28.7% |
| 2022 | -11.1% | -18.1% |
| 2023 | 18.3% | 26.3% |
| Till Q2 2024 | 9% | 15.3% |
| CAGR | 13.4% | 17% |
Notes
- 2020* performance is from the Q3 2020. The same period was used for both Motiwala Capital and S&P 500.
- Motiwala Capital performance for each year is based on the aggregate performance of all client accounts ( existing and new accounts opened during the year at various times.)
- S&P 500 performance includes dividends but does not reflect any fees
- Motiwala Capital performance is computed on a time-weighted return (TWR) basis and are net of all paid management fees and brokerage costs
- Motiwala Capital performance figures are not audited
- Performance of individual accounts may vary depending upon the timing of their investment, the effects of additions, and the impact of withdrawals from their account
- Please note that past performance is no guarantee of future results
- Current performance may be lower or higher than the performance quoted
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Japan Capital Appreciation
| Year | Motiwala Capital | *DXJS |
| 2017 | 36.92% | 32.1% |
| 2018 | -7.77% | 3.8% |
| 2019 | 15.58% | 8.0% |
| 2020 | 7.89% | 6.3% |
| 2021 | 0.85% | 5.1% |
| 2022 | -5.5% | 2.6% |
| 2023 | 23.55% | 7.1% |
| Till Q2 2024 | 15.4% | 18.2% |
| CAGR | 11.3% | 9.2% |
