Volatility Drag: Arithmetic vs. Geometric

FIN 30600 · Investment Theory — Topic 1 · §4

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Volatility is one compounding drag — fees are the other.

Return process

Distribution
Simulation

25 seeded paths — the seed lives in the URL, so a shared link reproduces the exact picture.

Deck presets (1991–2025 table)
One simulated path (bold) 24 more paths