Trailing Returns

It measures the point-to-point annualised returns of an investment.

Example: if ABC mutual fund has given a 12% trailing return for 3 years till today (22 July), it means that the fund has given an average return of 12% every year till today.

This can be done for multiple time periods — 1/3/5/10-years.

However, trailing returns might not always be the best metric.

Looking at rolling returns alongside this will give a more accurate picture.