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

Total Real Returns

MRNA vs. SPY: Total Return Chart (with Dividends Reinvested)

Growth of $10,000

Fri 2018-12-07💬 to Fri 2026-09-11 Overall
Return 		Exponential
Trendline
MRNA × 		+674.03%
+30.17%/yr 		+4.26%/yr
R2=0.011
Moderna Inc NASDAQ Common Stock
SPY × 		+226.05%
+16.45%/yr 		+14.97%/yr
R2=0.928
State Street SPDR S&P 500 ETF Trust Exchange-Traded Fund

Growth of $10,000 Summary

Fri 2018-12-07💬 to Fri 2026-09-11 Start
Value 		End
Value
MRNA × 		$10,000.00
2018-12-07 		$77,403.23
2026-09-11
SPY × 		$10,000.00
2018-12-07 		$32,604.85
2026-09-11

This Year’s Performance

through 2026-09-11

  YTD YoY
MRNA × 		+388.20% +467.03%
SPY × 		+12.67% +17.51%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
MRNA × 		−70.28%
on 2026-09-11
from 2021-08-09 peak 		−95.38%
on 2025-11-20
from 2021-08-09 peak
SPY × 		−1.75%
on 2026-09-11
from 2026-08-13 peak 		−33.72%
on 2020-03-23
from 2020-02-19 peak

Rolling Returns

Period ending Fri 2026-09-11 1 yr 2 yr 3 yr 5 yr 10 yr
MRNA × 		+467.03% +81.07%
+34.56%/yr 		+36.08%
+10.81%/yr 		−67.96%
−20.36%/yr 		—
SPY × 		+17.51% +41.12%
+18.79%/yr 		+76.91%
+20.94%/yr 		+83.59%
+12.92%/yr 		+320.70%
+15.45%/yr

Annual Returns

Year MRNA SPY
2026 (YTD) +388.20% +12.67%
2025 −29.08% +17.72%
2024 −58.19% +24.89%
2023 −44.63% +26.18%
2022 −29.28% −18.18%
2021 +143.11% +28.73%
2020 +434.10% +18.33%
2019 +28.09% +31.22%
2018 −17.90% −4.57%
2017 — +21.71%
2016 — +12.00%
2015 — +1.23%
2014 — +13.46%
2013 — +32.31%
2012 — +15.99%
2011 — +1.90%
2010 — +15.06%
2009 — +26.35%
2008 — −36.79%
2007 — +5.15%
2006 — +15.85%
2005 — +4.83%
2004 — +10.70%
2003 — +28.18%
2002 — −21.58%
2001 — −11.76%
2000 — −9.74%
1999 — +20.39%
1998 — +28.69%
1997 — +33.48%
1996 — +22.56%
1995 — +38.04%
1994 — +0.40%
1993 — +8.64%