Simulated Performance for RUTABAGA CAPITAL MANAGEMENT LLC/MA
| Reporting Period | Quarterly Simulated Performance | Quarterly Hit Rate | Annual Simulated Performance | Annual Hit Rate | Annual Simulated Performance Decile | Annual Simulated Performance Hedge Funds Decile | Annual Simulated Performance Quant Decile | Annual Simulated Performance Fundamental Decile |
|---|---|---|---|---|---|---|---|---|
| June 30, 2013 | 8.56 % | 0.73 | 19.98 % | 0.82 | 3 | 3 | 3 | |
| Sept. 30, 2013 | 9.17 % | 0.76 | 3.27 % | 0.58 | 1 | 2 | 2 | |
| Dec. 31, 2013 | 2.83 % | 0.50 | 4.74 % | 0.67 | 3 | 4 | 4 | |
| March 31, 2014 | 0.51 % | 0.52 | 3.75 % | 0.58 | 3 | 3 | 4 | |
| June 30, 2014 | -9.12 % | 0.28 | 0.05 % | 0.55 | 3 | 3 | 4 | |
| Sept. 30, 2014 | 11.10 % | 0.79 | -1.19 % | 0.46 | 7 | 6 | 6 | |
| Dec. 31, 2014 | -3.14 % | 0.40 | -12.29 % | 0.32 | 2 | 3 | 3 | |
| March 31, 2015 | -0.03 % | 0.44 | -6.03 % | 0.40 | 4 | 6 | 6 | |
| June 30, 2015 | -14.37 % | 0.21 | -2.65 % | 0.39 | 5 | 8 | 8 | |
| Sept. 30, 2015 | 2.40 % | 0.55 | 22.77 % | 0.67 | 10 | 10 | 9 | |
| Dec. 31, 2015 | 4.39 % | 0.52 | 41.32 % | 0.85 | 10 | 10 | 10 | |
| March 31, 2016 | 5.07 % | 0.50 | 34.02 % | 0.81 | 10 | 9 | 9 | |
| June 30, 2016 | 12.23 % | 0.71 | 30.83 % | 0.81 | 9 | 8 | 8 | |
| Sept. 30, 2016 | 16.56 % | 0.86 | 27.16 % | 0.74 | 9 | 8 | 8 | |
| Dec. 31, 2016 | 0.03 % | 0.51 | 17.86 % | 0.64 | 5 | 4 | 5 | |
| March 31, 2017 | 0.67 % | 0.51 | 17.03 % | 0.68 | 8 | 7 | 6 | |
| June 30, 2017 | 8.25 % | 0.66 | 30.37 % | 0.75 | 10 | 9 | 9 | |
| Sept. 30, 2017 | 13.01 % | 0.75 | 18.22 % | 0.67 | 8 | 7 | 7 | |
| Dec. 31, 2017 | -1.76 % | 0.52 | -18.38 % | 0.36 | 2 | 3 | 3 | |
| March 31, 2018 | 10.68 % | 0.76 | -5.27 % | 0.45 | 1 | 2 | 2 | |
| June 30, 2018 | -0.56 % | 0.43 | -16.76 % | 0.28 | 1 | 1 | 1 | |
| Sept. 30, 2018 | -25.82 % | 0.04 | -20.12 % | 0.19 | 1 | 2 | 2 | |
| Dec. 31, 2018 | 9.54 % | 0.72 | 16.56 % | 0.65 | 2 | 3 | 3 | |
| March 31, 2019 | 4.81 % | 0.63 | -36.87 % | 0.07 | 1 | 2 | 2 | |
| June 30, 2019 | -4.95 % | 0.38 | -32.63 % | 0.11 | 1 | 1 | 1 | |
| Sept. 30, 2019 | 7.31 % | 0.67 | -21.59 % | 0.23 | 1 | 1 | 1 | |
| Dec. 31, 2019 | -39.39 % | 0.02 | -3.06 % | 0.34 | 1 | 2 | 2 | |
| March 31, 2020 | 12.63 % | 0.78 | 119.45 % | 0.98 | 10 | 9 | 8 | |
| June 30, 2020 | 5.04 % | 0.48 | 103.62 % | 1.00 | 10 | 10 | 10 | |
| Sept. 30, 2020 | 35.96 % | 0.98 | 92.58 % | 0.98 | 10 | 10 | 10 | |
| Dec. 31, 2020 | 34.92 % | 0.98 | 51.00 % | 0.79 | 10 | 10 | 10 | |
| March 31, 2021 | 8.17 % | 0.60 | 7.94 % | 0.34 | 4 | 8 | 7 | |
| June 30, 2021 | -3.39 % | 0.41 | -24.39 % | 0.11 | 3 | 5 | 5 | |
| Sept. 30, 2021 | 0.17 % | 0.49 | -20.09 % | 0.20 | 4 | 6 | 7 | |
| Dec. 31, 2021 | -3.65 % | 0.43 | -18.64 % | 0.21 | 5 | 6 | 6 | |
| March 31, 2022 | -16.84 % | 0.11 | -9.95 % | 0.41 | 4 | 6 | 6 | |
| June 30, 2022 | -2.38 % | 0.32 | 24.98 % | 0.69 | 9 | 8 | 8 | |
| Sept. 30, 2022 | 6.00 % | 0.58 | 33.16 % | 0.71 | 10 | 9 | 9 |