“S&P 500 Return Relative to Risk: 2017 in the Context of the Last Three Decades”
“Much attention has been given to the low level of S&P 500 volatility in 2017, with its annualized standard deviation of 6.7%, the lowest level since 1964. But what also stands out is that this low-risk environment has been accompanied by strong S&P 500 returns—21.8% in 2017.”