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The vaults that died, counted — because a survival rate cannot be computed from the survivors.Note 19
Three outcomes, not two. A vault is either large enough for us to rate, alive but below that floor, or closed and abandoned — and the middle one matters, because a month of mostly-small-but-living vaults is not a month where most of them died.
Drawn from 37 cohorts at least six months old; 6 younger months are excluded. Those three add to 100%, which is why there is no separate success chart — the failure rate is not the complement of the survival rate, and the gap between them is the middle column.
| Month | Born | What became of them | Rated | Small | Gone | Rated % |
|---|---|---|---|---|---|---|
| 2025-03 | 207 | 5 | 42 | 160 | 2.4% | |
| 2025-04 | 172 | 7 | 37 | 128 | 4.1% | |
| 2025-05 | 202 | 5 | 52 | 145 | 2.5% | |
| 2025-06 | 251 | 12 | 52 | 187 | 4.8% | |
| 2025-07 | 224 | 11 | 52 | 161 | 4.9% | |
| 2025-08 | 199 | 16 | 45 | 138 | 8.0% | |
| 2025-09 | 255 | 8 | 52 | 195 | 3.1% | |
| 2025-10 | 217 | 7 | 60 | 150 | 3.2% | |
| 2025-11 | 157 | 13 | 48 | 96 | 8.3% | |
| 2025-12 | 117 | 15 | 30 | 72 | 12.8% | |
| 2026-01 | 133 | 11 | 49 | 73 | 8.3% | |
| 2026-02 | 159 | 18 | 58 | 83 | 11.3% | |
| 2026-03 | 220 | 26 | 88 | 106 | 11.8%too young | |
| 2026-04 | 83 | 9 | 38 | 36 | 10.8%too young | |
| 2026-05 | 10 | 6 | 2 | 2 | 60.0%too young | |
| 2026-06 | 5 | 2 | 3 | 0 | 40.0%too young | |
| 2026-07 | 3 | 1 | 1 | 1 | 33.3%too young | |
| 2026-08 | 3 | 1 | 1 | 1 | 33.3%too young |
Every bar is one month’s whole intake, so the segments are shares of that month and not of each other. Months faded out are younger than 6 months: nothing in them has had time to fail, and their high rated share describes the calendar rather than the strategies. Intake ranged from 3 to 255 vaults a month, which is why bar length is not used to encode it.
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