On a single chart, plot the value of $1 invested in each of the six mutual funds over time. I.e., for all , plot the cumulative return series for each mutual fund: =(1 +1)(1 +2)...(1 +)What patterns do you observe?

Vanguard S&P500 Index Fund	Legg Mason Value Trust	Fidelity Magellan Fund	Janus Fund	Fidelity Low-Priced	Nicholas Fund
-6.7%	-7.4%	-6.4%	-8.0%	-1.2%	-6.6%
1.3%	2.6%	2.1%	0.2%	1.9%	1.4%
2.6%	1.7%	2.6%	4.3%	1.0%	3.2%
-2.5%	-3.5%	-2.5%	-1.6%	-3.8%	-2.2%
9.7%	6.8%	8.9%	12.7%	7.9%	9.2%
-0.7%	0.2%	0.4%	1.4%	2.8%	0.6%
-0.3%	-1.7%	-1.1%	-2.5%	-0.6%	-2.4%
-9.0%	-11.0%	-9.8%	-10.1%	-10.0%	-10.2%
-4.9%	-10.1%	-6.3%	-1.7%	-4.4%	-6.2%
-0.4%	-1.2%	-1.2%	0.1%	-1.7%	-4.1%
6.4%	3.8%	7.6%	4.2%	5.4%	9.1%
2.7%	3.1%	3.1%	2.1%	3.2%	5.3%
4.3%	4.9%	7.0%	6.2%	9.2%	5.6%
7.1%	6.0%	8.7%	6.6%	8.9%	9.5%
2.4%	1.6%	3.4%	5.2%	6.7%	4.0%
0.2%	1.2%	0.4%	-0.1%	3.8%	2.7%
4.3%	4.0%	5.7%	2.5%	1.5%	4.4%
-4.6%	-4.1%	-5.9%	-3.9%	-6.0%	-4.3%
4.6%	6.1%	6.2%	7.0%	6.1%	3.6%
2.3%	3.6%	3.1%	4.1%	2.8%	3.1%