All charts and data below are with dividends reinvested. (Inflation adjustment is OFF !)

Total Real Returns

GLD,SPY: Total Return Chart (with Dividends Reinvested)

Thu 2004-11-18? to Fri 2025-12-12 YTD
Return
TR
Price
GLD
×
+63.32%
2025-12-12
8.91 TR
2025-12-12
SPDR Gold Shares Exchange-Traded Fund
SPY
×
+17.35%
2025-12-12
28.04 TR
2025-12-12
SPDR S&P 500 ETF Trust Exchange-Traded Fund

Returns

Thu 2004-11-18? to Fri 2025-12-12 Overall
Return
Exponential
Trendline
GLD
×
+791.03%
+10.94%/yr
+6.32%/yr
(R2=0.724)
SPDR Gold Shares Exchange-Traded Fund
SPY
×
+747.91%
+10.68%/yr
+11.08%/yr
(R2=0.929)
SPDR S&P 500 ETF Trust Exchange-Traded Fund

Growth of $10,000

Thu 2004-11-18? to Fri 2025-12-12 Start
Value
End
Value
GLD
×
$10,000.00
2004-11-18
$89,103.20
2025-12-12
SPDR Gold Shares Exchange-Traded Fund
SPY
×
$10,000.00
2004-11-18
$84,791.06
2025-12-12
SPDR S&P 500 ETF Trust Exchange-Traded Fund

Annual Returns

Year GLD SPY
2025 (YTD) +63.32% +17.35%
2024 +26.66% +24.89%
2023 +12.69% +26.18%
2022 −0.77% −18.18%
2021 −4.15% +28.73%
2020 +24.81% +18.33%
2019 +17.86% +31.22%
2018 −1.94% −4.57%
2017 +12.81% +21.71%
2016 +8.03% +12.00%
2015 −10.67% +1.23%
2014 −2.19% +13.46%
2013 −28.33% +32.31%
2012 +6.60% +15.99%
2011 +9.57% +1.89%
2010 +29.27% +15.06%
2009 +24.03% +26.35%
2008 +4.92% −36.79%
2007 +30.45% +5.15%
2006 +22.55% +15.85%
2005 +17.76% +4.83%
2004 −1.31% +10.70%
2003 +28.18%
2002 −21.58%
2001 −11.76%
2000 −9.74%
1999 +20.39%
1998 +28.69%
1997 +33.47%
1996 +22.50%
1995 +38.06%
1994 +0.40%
1993 +8.71%

Drawdowns

Thu 2004-11-18? to Fri 2025-12-12 Current
Drawdown
Worst
Drawdown
GLD
×
−1.91% −45.56%
2015-12-17
SPDR Gold Shares Exchange-Traded Fund
SPY
×
−1.08% −55.19%
2009-03-09
SPDR S&P 500 ETF Trust Exchange-Traded Fund