11. Which of the below asset classes is riskiest? How did you make this determination? FIGURE 12.10 Historical Retuns, Standard Deviations, and Frequency Distributions: 1926-2013 12.10 Historical Retums, Frequency Average Return Deviation Series stocks 12.1% 20.2% Small-company stocks 16.9 32.3 Long-term corporate bonds 6.3 8.4 Long-term government 5.9 9.8 bonds Intermediate-term 5.4 5.7 government bonds U.S. Treasury bills 3.5 3.1 Inflation 3.0 4.1 The 1933 small-company stocks total return was 142.9 percent. So n E Modified from Stocks, Bond Bils, and Inflation: 2014 Yearbook Chicago: Morningstar). All rights reserved. annually updates work by Roger G.bbotson and Rex A Sinquefeld