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

Total Real Returns

ICE vs. NDAQ vs. CME vs. CBOE: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

×
×

Growth of $10,000

Tue 2024-12-31 to Wed 2025-12-31💬 Overall
Return
Exponential
Trendline
ICE
×
+7.06%
+7.06%/yr
−3.19%/yr
R2=0.019
Intercontinental Exchange Inc NYSE Common Stock
NDAQ
×
+23.87%
+23.89%/yr
+23.83%/yr
R2=0.526
Nasdaq Inc NASDAQ Common Stock
CME
×
+16.71%
+16.72%/yr
+12.16%/yr
R2=0.397
CME Group Inc NASDAQ Common Stock
CBOE
×
+26.58%
+26.60%/yr
+26.92%/yr
R2=0.855
Cboe Global Markets Inc Common Stock

Growth of $10,000 Summary

Tue 2024-12-31 to Wed 2025-12-31💬 Start
Value
End
Value
ICE
×
$10,000.00
2024-12-31
$10,705.88
2025-12-31
NDAQ
×
$10,000.00
2024-12-31
$12,387.40
2025-12-31
CME
×
$10,000.00
2024-12-31
$11,670.95
2025-12-31
CBOE
×
$10,000.00
2024-12-31
$12,657.72
2025-12-31

Drawdowns

  Final
Drawdown
Worst
Drawdown
ICE
×
−13.79%
on 2025-12-31
from 2025-08-04 peak
−22.83%
on 2025-11-03
from 2025-08-04 peak
NDAQ
×
−2.23%
on 2025-12-31
from 2025-12-26 peak
−20.98%
on 2025-04-08
from 2025-02-06 peak
CME
×
−5.49%
on 2025-12-31
from 2025-06-02 peak
−10.92%
on 2025-09-15
from 2025-06-02 peak
CBOE
×
−3.44%
on 2025-12-31
from 2025-11-12 peak
−9.14%
on 2025-04-09
from 2025-03-31 peak

Rolling Returns

Period ending Wed 2025-12-31 1 yr 2 yr 3 yr 5 yr 10 yr
ICE
×
+7.06% +22.23%
+10.56%/yr
+50.34%
+14.56%/yr
+20.39%
+3.78%/yr
+161.98%
+10.11%/yr
NDAQ
×
+23.87% +62.36%
+27.42%/yr
+51.35%
+14.81%/yr
+88.87%
+13.56%/yr
+329.42%
+15.69%/yr
CME
×
+16.71% +30.92%
+14.42%/yr
+66.36%
+18.49%/yr
+45.74%
+7.82%/yr
+218.39%
+12.28%/yr
CBOE
×
+26.58% +36.25%
+16.73%/yr
+90.33%
+23.93%/yr
+132.42%
+18.37%/yr
+223.00%
+12.44%/yr

Annual Returns

Year ICE NDAQ CME CBOE
2026 (YTD) −5.24% −7.99% +2.60% +10.31%
2025 +7.06% +23.87% +16.71% +26.58%
2024 +14.17% +31.07% +12.18% +7.64%
2023 +23.00% −6.78% +27.06% +39.69%
2022 −28.54% −16.58% −27.57% −8.10%
2021 +12.06% +49.60% +20.96% +32.88%
2020 +24.46% +24.30% −7.60% −22.23%
2019 +21.69% +30.89% +7.22% +21.38%
2018 +6.09% +6.18% +29.67% −22.08%
2017 +23.98% +14.34% +29.61% +66.96%
2016 +9.23% +15.10% +31.21% +13.17%
2015 +17.43% +22.51% +6.85% +3.01%
2014 −1.98% +21.29% +17.45% +22.89%
2013 +79.51% +59.38% +61.58% +78.12%
2012 +0.95% +3.19% +9.49% +17.07%
2011 −1.74% +0.31% −24.88% +11.72%
2010 +4.54% +17.96% −4.15% −29.36%
2009 +32.61% −21.91% +59.94%
2008 −57.21% −50.12% −68.85%
2007 +71.39% +54.41% +30.05%
2006 +189.54% −14.63% +36.05%
2005 −6.67% +233.47% +56.46%
2004 +4.53% +208.48%
2003 −7.24% +64.40%
2002 −33.70% +1.95%