GLD,SPY: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

Thu 2004-11-18? to Thu 2025-07-03	YTD Return	TRR Price
GLD ×	+24.28% 2025-07-03	4.102 TRR 2025-07-03
SPDR Gold Shares Exchange-Traded Fund
SPY ×	+5.16% 2025-07-03	11.35 TRR 2025-07-03
SPDR S&P 500 ETF Trust Exchange-Traded Fund

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Returns

Thu 2004-11-18? to Thu 2025-07-03	Overall Return	Exponential Trendline
GLD ×	+310.23% +7.08%/yr	+3.73%/yr (R2=0.498)
SPDR Gold Shares Exchange-Traded Fund
SPY ×	+359.74% +7.68%/yr	+8.50%/yr (R2=0.888)
SPDR S&P 500 ETF Trust Exchange-Traded Fund

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Growth of $10,000

Thu 2004-11-18? to Thu 2025-07-03	Start Value	End Value
GLD ×	$10,000.00 2004-11-18	$41,023.11 2025-07-03
SPDR Gold Shares Exchange-Traded Fund
SPY ×	$10,000.00 2004-11-18	$45,974.12 2025-07-03
SPDR S&P 500 ETF Trust Exchange-Traded Fund

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Annual Returns

Year	GLD	SPY
2025 (YTD)	+24.28%	+5.16%
2024	+23.11%	+21.39%
2023	+9.04%	+22.09%
2022	−6.80%	−23.15%
2021	−10.45%	+20.27%
2020	+23.14%	+16.74%
2019	+15.22%	+28.29%
2018	−3.78%	−6.36%
2017	+10.48%	+19.19%
2016	+5.84%	+9.73%
2015	−11.32%	+0.50%
2014	−2.92%	+12.61%
2013	−29.39%	+30.35%
2012	+4.78%	+14.01%
2011	+6.41%	−1.05%
2010	+27.36%	+13.36%
2009	+20.74%	+23.00%
2008	+4.83%	−36.85%
2007	+25.33%	+1.01%
2006	+19.53%	+13.00%
2005	+13.87%	+1.35%
2004	−0.98%	+7.20%
2003	—	+25.82%
2002	—	−23.40%
2001	—	−13.11%
2000	—	−12.70%
1999	—	+17.24%
1998	—	+26.65%
1997	—	+31.24%
1996	—	+18.56%
1995	—	+34.63%
1994	—	−2.20%
1993	—	+6.28%

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Drawdowns

Thu 2004-11-18? to Thu 2025-07-03	Current Drawdown	Worst Drawdown
GLD ×	−3.17%	−47.98% 2015-12-17
SPDR Gold Shares Exchange-Traded Fund
SPY ×	0.00%	−55.98% 2009-03-09
SPDR S&P 500 ETF Trust Exchange-Traded Fund