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

Total Real Returns

BTC vs. SPY vs. QQQ: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

Growth of $10,000

Wed 2024-07-31💬 to Fri 2026-09-25 Overall
Return
Exponential
Trendline
BTC
×
+20.26%
+8.95%/yr
−7.38%/yr
R2=0.045
Grayscale Bitcoin Mini Trust (BTC) Exchange-Traded Fund
SPY
×
+34.64%
+14.82%/yr
+14.93%/yr
R2=0.823
State Street SPDR S&P 500 ETF Trust Exchange-Traded Fund
QQQ
×
+49.77%
+20.65%/yr
+20.77%/yr
R2=0.830
Invesco QQQ Trust NASDAQ Exchange-Traded Fund

Growth of $10,000 Summary

Wed 2024-07-31💬 to Fri 2026-09-25 Start
Value
End
Value
BTC
×
$10,000.00
2024-07-31
$12,025.79
2026-09-25
SPY
×
$10,000.00
2024-07-31
$13,463.51
2026-09-25
QQQ
×
$10,000.00
2024-07-31
$14,977.11
2026-09-25

This Year’s Performance

through 2026-09-25

  YTD YoY
BTC
×
−7.40% −25.79%
SPY
×
+10.03% +14.57%
QQQ
×
+17.37% +21.87%

Drawdowns

  Current
Drawdown
Worst
Drawdown
BTC
×
−35.32%
on 2026-09-25
from 2025-10-06 peak
−54.59%
on 2026-06-30
from 2025-10-06 peak
SPY
×
−1.00%
on 2026-09-25
from 2026-08-13 peak
−19.12%
on 2025-04-08
from 2025-02-19 peak
QQQ
×
−0.42%
on 2026-09-25
from 2026-09-22 peak
−23.54%
on 2025-04-08
from 2024-12-16 peak

Rolling Returns

Period ending Fri 2026-09-25 1 yr 2 yr 3 yr 5 yr 10 yr
BTC
×
−25.79% +24.60%
+11.62%/yr
— — —
SPY
×
+14.57% +29.97%
+14.01%/yr
+69.57%
+19.25%/yr
+51.71%
+8.69%/yr
+200.54%
+11.63%/yr
QQQ
×
+21.87% +45.33%
+20.55%/yr
+92.95%
+24.49%/yr
+67.78%
+10.90%/yr
+384.55%
+17.09%/yr

Annual Returns

Year BTC SPY QQQ
2026 (YTD) −7.40% +10.03% +17.37%
2025 −9.91% +14.65% +17.63%
2024 +44.15% +21.39% +22.06%
2023 — +22.09% +49.84%
2022 — −23.15% −36.67%
2021 — +20.27% +19.04%
2020 — +16.74% +46.63%
2019 — +28.29% +35.86%
2018 — −6.35% −2.00%
2017 — +19.19% +29.92%
2016 — +9.73% +4.92%
2015 — +0.50% +8.64%
2014 — +12.61% +18.29%
2013 — +30.35% +34.61%
2012 — +14.01% +16.10%
2011 — −1.04% +0.40%
2010 — +13.36% +18.14%
2009 — +23.01% +50.60%
2008 — −36.85% −41.78%
2007 — +1.01% +14.35%
2006 — +13.00% +4.51%
2005 — +1.35% −1.80%
2004 — +7.21% +7.05%
2003 — +25.82% +46.91%
2002 — −23.41% −38.82%
2001 — −13.10% −34.36%
2000 — −12.70% −38.21%
1999 — +17.24% +75.08%
1998 — +26.65% —
1997 — +31.24% —
1996 — +18.63% —
1995 — +34.61% —
1994 — −2.22% —
1993 — +6.22% —