ARCC,HTGC,BBDC,FDUS,SPY,QQQ: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

Tue 2011-06-21? to Tue 2025-07-15	YTD Return	TRR Price
ARCC ×	+6.21% 2025-07-15	7.642 TRR 2025-07-15
Ares Capital Corporation NASDAQ Common Stock
HTGC ×	−3.45% 2025-07-15	6.517 TRR 2025-07-15
Hercules Capital Inc NYSE Common Stock
BBDC ×	+3.52% 2025-07-15	2.544 TRR 2025-07-15
Barings BDC Inc NYSE Common Stock
FDUS ×	+4.95% 2025-07-15	4.346 TRR 2025-07-15
Fidus Investment Corp NASDAQ Common Stock
SPY ×	+4.37% 2025-07-15	11.27 TRR 2025-07-15
SPDR S&P 500 ETF Trust Exchange-Traded Fund
QQQ ×	+6.71% 2025-07-15	6.557 TRR 2025-07-15
Invesco QQQ Trust NASDAQ Exchange-Traded Fund

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Returns

Tue 2011-06-21? to Tue 2025-07-15	Overall Return	Exponential Trendline
ARCC ×	+273.32% +9.82%/yr	+9.32%/yr (R2=0.944)
Ares Capital Corporation NASDAQ Common Stock
HTGC ×	+403.04% +12.17%/yr	+10.90%/yr (R2=0.893)
Hercules Capital Inc NYSE Common Stock
BBDC ×	+48.25% +2.84%/yr	−1.62%/yr (R2=0.099)
Barings BDC Inc NYSE Common Stock
FDUS ×	+334.63% +11.01%/yr	+9.55%/yr (R2=0.818)
Fidus Investment Corp NASDAQ Common Stock
SPY ×	+332.76% +10.98%/yr	+10.54%/yr (R2=0.958)
SPDR S&P 500 ETF Trust Exchange-Traded Fund
QQQ ×	+699.08% +15.92%/yr	+15.77%/yr (R2=0.963)
Invesco QQQ Trust NASDAQ Exchange-Traded Fund

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Growth of $10,000

Tue 2011-06-21? to Tue 2025-07-15	Start Value	End Value
ARCC ×	$10,000.00 2011-06-21	$37,331.80 2025-07-15
Ares Capital Corporation NASDAQ Common Stock
HTGC ×	$10,000.00 2011-06-21	$50,303.99 2025-07-15
Hercules Capital Inc NYSE Common Stock
BBDC ×	$10,000.00 2011-06-21	$14,825.22 2025-07-15
Barings BDC Inc NYSE Common Stock
FDUS ×	$10,000.00 2011-06-21	$43,463.26 2025-07-15
Fidus Investment Corp NASDAQ Common Stock
SPY ×	$10,000.00 2011-06-21	$43,276.29 2025-07-15
SPDR S&P 500 ETF Trust Exchange-Traded Fund
QQQ ×	$10,000.00 2011-06-21	$79,908.14 2025-07-15
Invesco QQQ Trust NASDAQ Exchange-Traded Fund

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Annual Returns

Year	ARCC	HTGC	BBDC	FDUS	SPY	QQQ
2025 (YTD)	+6.21%	−3.45%	+3.52%	+4.95%	+4.37%	+6.71%
2024	+16.41%	+27.41%	+20.40%	+17.17%	+21.39%	+22.06%
2023	+16.16%	+38.25%	+14.84%	+16.30%	+22.09%	+49.84%
2022	−9.69%	−15.03%	−23.47%	+9.99%	−23.15%	−36.68%
2021	+27.19%	+17.80%	+20.88%	+40.73%	+20.26%	+19.04%
2020	−0.51%	+13.54%	−4.74%	−2.12%	+16.74%	+46.63%
2019	+28.33%	+36.73%	+17.71%	+34.26%	+28.29%	+35.86%
2018	+6.82%	−8.59%	+13.18%	−15.21%	−6.36%	−2.00%
2017	+2.31%	−0.25%	−43.25%	+4.05%	+19.19%	+29.91%
2016	+25.44%	+25.24%	+3.76%	+24.72%	+9.72%	+4.93%
2015	+0.06%	−10.20%	+3.84%	+1.39%	+0.50%	+8.64%
2014	−4.33%	−2.32%	−19.39%	−25.38%	+12.61%	+18.28%
2013	+9.43%	+56.92%	+15.02%	+43.74%	+30.34%	+34.61%
2012	+22.60%	+26.61%	+43.19%	+37.28%	+14.02%	+16.10%
2011	−0.39%	−3.21%	+7.74%	−9.05%	−1.05%	+0.40%
2010	+43.28%	+6.49%	+71.87%	—	+13.36%	+18.15%
2009	+140.51%	+52.59%	+34.23%	—	+23.01%	+50.59%
2008	−48.59%	−26.79%	−7.34%	—	−36.85%	−41.78%
2007	−18.84%	−8.29%	−19.01%	—	+1.02%	+14.35%
2006	+27.17%	+28.11%	—	—	+13.00%	+4.51%
2005	−13.82%	−8.39%	—	—	+1.36%	−1.78%
2004	+31.27%	—	—	—	+7.20%	+7.03%
2003	—	—	—	—	+25.81%	+46.91%
2002	—	—	—	—	−23.40%	−38.82%
2001	—	—	—	—	−13.11%	−34.36%
2000	—	—	—	—	−12.70%	−38.21%
1999	—	—	—	—	+17.24%	+75.08%
1998	—	—	—	—	+26.65%	—
1997	—	—	—	—	+31.25%	—
1996	—	—	—	—	+18.56%	—
1995	—	—	—	—	+34.64%	—
1994	—	—	—	—	−2.22%	—
1993	—	—	—	—	+6.28%	—

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Drawdowns

Tue 2011-06-21? to Tue 2025-07-15	Current Drawdown	Worst Drawdown
ARCC ×	−1.69%	−56.80% 2020-03-23
Ares Capital Corporation NASDAQ Common Stock
HTGC ×	−10.99%	−57.23% 2020-04-03
Hercules Capital Inc NYSE Common Stock
BBDC ×	−22.83%	−67.84% 2020-03-18
Barings BDC Inc NYSE Common Stock
FDUS ×	−4.80%	−69.66% 2020-03-18
Fidus Investment Corp NASDAQ Common Stock
SPY ×	−0.62%	−33.67% 2020-03-23
SPDR S&P 500 ETF Trust Exchange-Traded Fund
QQQ ×	0.00%	−39.59% 2022-11-03
Invesco QQQ Trust NASDAQ Exchange-Traded Fund