APO vs. BX vs. KKR vs. ARES vs. SPY Stock Chart (Dividends Reinvested, Inflation Adjusted) | Total Real Returns

All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

APO vs. BX vs. KKR vs. ARES vs. SPY: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

Dividends Reinvested:

Growth of $10,000

Fri 2014-05-02^💬 to Fri 2026-10-09	Overall Return	Exponential Trendline
APO ^×	+469.53% +15.01%/yr	+21.98%/yr R²=0.935
Apollo Global Management LLC Class A NYSE Common Stock
BX ^×	+416.96% +14.12%/yr	+19.91%/yr R²=0.890
Blackstone Group Inc NYSE Common Stock
KKR ^×	+289.94% +11.56%/yr	+19.20%/yr R²=0.862
KKR & Co. Inc. NYSE Common Stock
ARES ^×	+652.20% +17.61%/yr	+27.19%/yr R²=0.936
Ares Management LP NYSE Common Stock
SPY ^×	+259.74% +10.84%/yr	+10.11%/yr R²=0.947
State Street SPDR S&P 500 ETF Trust Exchange-Traded Fund

Growth of $10,000 Summary

Fri 2014-05-02^💬 to Fri 2026-10-09	Start Value	End Value
APO ^×	$10,000.00 2014-05-02	$56,952.57 2026-10-09
BX ^×	$10,000.00 2014-05-02	$51,695.68 2026-10-09
KKR ^×	$10,000.00 2014-05-02	$38,994.04 2026-10-09
ARES ^×	$10,000.00 2014-05-02	$75,219.65 2026-10-09
SPY ^×	$10,000.00 2014-05-02	$35,974.19 2026-10-09

This Year’s Performance

through 2026-10-09

	YTD	YoY
APO ^×	−20.00%	−5.70%
BX ^×	−26.28%	−28.50%
KKR ^×	−30.84%	−28.68%
ARES ^×	−27.67%	−19.55%
SPY ^×	+10.91%	+13.25%

Drawdowns

	Current Drawdown	Worst Drawdown
APO ^×	−35.98% on 2026-10-09 from 2024-12-11 peak	−53.58% on 2020-03-23 from 2020-01-23 peak
BX ^×	−42.70% on 2026-10-09 from 2024-11-22 peak	−52.50% on 2022-12-28 from 2021-11-29 peak
KKR ^×	−48.00% on 2026-10-09 from 2025-01-28 peak	−52.79% on 2016-02-11 from 2015-02-09 peak
ARES ^×	−40.30% on 2026-10-09 from 2025-01-31 peak	−51.33% on 2026-03-12 from 2025-01-31 peak
SPY ^×	−0.20% on 2026-10-09 from 2026-08-13 peak	−33.67% on 2020-03-23 from 2020-02-19 peak

Rolling Returns

Period ending Fri 2026-10-09	1 yr	2 yr	3 yr	5 yr	10 yr
APO ^×	−5.70%	−16.95% −8.87%/yr	+27.56% +8.45%/yr	+63.53% +10.34%/yr	+572.56% +21.00%/yr
BX ^×	−28.50%	−22.79% −12.13%/yr	+9.81% +3.17%/yr	−4.34% −0.88%/yr	+418.87% +17.90%/yr
KKR ^×	−28.68%	−35.97% −19.98%/yr	+37.90% +11.31%/yr	+18.40% +3.44%/yr	+438.53% +18.34%/yr
ARES ^×	−19.55%	−25.33% −13.59%/yr	+8.36% +2.71%/yr	+45.52% +7.79%/yr	+590.34% +21.31%/yr
SPY ^×	+13.25%	+29.49% +13.79%/yr	+70.96% +19.57%/yr	+55.46% +9.23%/yr	+204.56% +11.78%/yr

Annual Returns

Year	APO	BX	KKR	ARES	SPY
2026 (YTD)	−20.00%	−26.28%	−30.84%	−27.67%	+10.91%
2025	−13.43%	−10.24%	−15.58%	−8.17%	+14.65%
2024	+74.83%	+31.29%	+74.61%	+48.40%	+21.39%
2023	+44.60%	+76.83%	+74.63%	+73.70%	+22.09%
2022	−15.08%	−43.61%	−40.81%	−18.05%	−23.15%
2021	+43.17%	+93.49%	+73.56%	+66.07%	+20.27%
2020	+6.55%	+18.17%	+39.23%	+35.52%	+16.74%
2019	+101.85%	+91.94%	+48.18%	+105.44%	+28.29%
2018	−23.49%	−1.77%	−6.07%	−7.31%	−6.35%
2017	+81.46%	+24.71%	+38.84%	+8.43%	+19.19%
2016	+34.52%	−1.07%	+1.43%	+53.60%	+9.73%
2015	−29.86%	−5.72%	−28.46%	−21.28%	+0.50%
2014	−16.59%	+13.07%	+3.27%	−4.58%	+12.61%
2013	+109.24%	+110.44%	+71.17%	—	+30.35%
2012	+51.82%	+13.47%	+23.73%	—	+14.01%
2011	−29.30%	+0.62%	−8.08%	—	−1.04%
2010	—	+11.10%	+69.59%	—	+13.36%
2009	—	+110.06%	+147.00%	—	+23.01%
2008	—	−67.42%	−81.30%	—	−36.85%
2007	—	−36.51%	−25.02%	—	+1.01%
2006	—	—	—	—	+13.00%
2005	—	—	—	—	+1.35%
2004	—	—	—	—	+7.21%
2003	—	—	—	—	+25.82%
2002	—	—	—	—	−23.41%
2001	—	—	—	—	−13.10%
2000	—	—	—	—	−12.70%
1999	—	—	—	—	+17.24%
1998	—	—	—	—	+26.65%
1997	—	—	—	—	+31.24%
1996	—	—	—	—	+18.63%
1995	—	—	—	—	+34.61%
1994	—	—	—	—	−2.22%
1993	—	—	—	—	+6.22%