Just as the club history option lets you put the achievements of your current group of players into the context of your side's history, this option enables you to review your team's performance compared to the other sides in the division.
If you're looking for an excuse to justify losing out in the race for the the title to a strong team, or for getting relegated despite a good points haul, this screen may be a source of comfort - if you can prove that the current campaign has been unusually tough.
Use the View drop-down to jump between recent records and this year's figures and select the figures you wish to focus on in the panel on the left of your screen.