11.4 THE RISK OF FOREIGN SECURITIES 11 • 9Stocks Domestic Risk Exchange Risk Total Risk
Australia 13.94 8.66 17.92
Austria 24.80 10.59 24.50
Belgium 16.15 10.21 15.86
Canada 15.02 4.40 17.13
France 18.87 10.61 17.76
Germany 20.41 10.55 20.13
Hong Kong 29.75 0.43 29.79
Italy 24.55 11.13 25.29
Japan 22.04 12.46 25.70
Netherlands 16.04 10.59 15.50
Spain 22.99 11.18 23.27
Sweden 24.87 11.18 24.21
Switzerland 17.99 11.61 17.65
United Kingdom 14.45 10.10 15.59
United States 13.59 0.00 13.59
Equally Weighted Index (Non-U.S.) 21.57 10.03 23.43
Value-Weighted Index (Non-U.S.) 16.70
Exhibit 11.6. Risk for U.S Investor in Stocks 1990–2000.
Stocks Domestic Risk Exchange Risk Total Risk
Canada 8.67 4.40 10.75
France 8.71 10.61 12.61
Germany 5.38 10.55 11.20
Japan 9.18 12.46 15.10
Netherlands 7.03 10.59 11.68
Switzerland 6.64 11.61 12.06
United Kingdom 9.23 10.10 12.78
United States 7.89 0.00 7.90
Equally Weighted Index (Non-U.S.) 7.95 10.33 12.38
Value-Weighted Index (Non-U.S.) 9.45
Exhibit 11.7. Risk for U.S Investor in Bonds 1990–2000.
Stocks Domestic Risk Exchange Risk Total Risk
Canada 0.77 4.40 4.42
France 0.86 10.61 10.53
Germany 0.72 10.55 10.49
Japan 0.79 12.46 12.42
Netherlands 0.72 10.59 10.52
Switzerland 0.82 11.61 11.52
United Kingdom 0.82 10.10 10.04
United States 0.35 0.00 0.35
Equally Weighted Index (Non-U.S.) 0.79 10.33 10.27
Value-Weighted Index (Non-U.S.) 6.77
Exhibit 11.8. Risk for U.S Investor in Three-Month Securities 1990–2000.