If the 1% VaR for a portfolio estimated with Weighted Historical Simulation is larger in absolute value than the 1% VaR estimated with Historical Simulation over the same historical window, that means that:

i.There were stronger portfolio value declines recently than at the beginning of the historical window

ii.There were stronger portfolio value declines at the begining of the historical window than recently

iii.There were stronger portfolio value increases recently than at the beginning of the historical window

iv.Weighted Historical Simulation should not be applied in this context

v.There were stronger portfolio value increases at the beginning of the historical window than recently