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

Total Real Returns

MSFT,GOOG,AAPL,IBM: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

Thu 2004-08-19💬 to Tue 2026-07-14 YTD
Return 		1 Year
Return
MSFT × 		−22.53%
2026-07-14 		−25.55%
2026-07-14
Microsoft Corporation NASDAQ Common Stock
GOOG × 		+10.49%
2026-07-14 		+89.21%
2026-07-14
Alphabet Inc Class C NASDAQ Common Stock
AAPL × 		+12.44%
2026-07-14 		+46.26%
2026-07-14
Apple Inc. NASDAQ Common Stock
IBM × 		−28.06%
2026-07-14 		−24.28%
2026-07-14
International Business Machines NYSE Common Stock

Returns

Thu 2004-08-19💬 to Tue 2026-07-14 Overall
Return 		Exponential
Trendline
MSFT × 		+1,210.45%
+12.47%/yr 		+16.93%/yr
(R2=0.895)
Microsoft Corporation NASDAQ Common Stock
GOOG × 		+8,072.27%
+22.27%/yr 		+15.99%/yr
(R2=0.949)
Alphabet Inc Class C NASDAQ Common Stock
AAPL × 		+38,705.64%
+31.28%/yr 		+25.77%/yr
(R2=0.969)
Apple Inc. NASDAQ Common Stock
IBM × 		+187.71%
+4.94%/yr 		+4.15%/yr
(R2=0.585)
International Business Machines NYSE Common Stock

Growth of $10,000

Thu 2004-08-19💬 to Tue 2026-07-14 Start
Value 		End
Value
MSFT × 		$10,000.00
2004-08-19 		$131,044.96
2026-07-14
Microsoft Corporation NASDAQ Common Stock
GOOG × 		$10,000.00
2004-08-19 		$817,227.14
2026-07-14
Alphabet Inc Class C NASDAQ Common Stock
AAPL × 		$10,000.00
2004-08-19 		$3,880,564.38
2026-07-14
Apple Inc. NASDAQ Common Stock
IBM × 		$10,000.00
2004-08-19 		$28,771.49
2026-07-14
International Business Machines NYSE Common Stock

Annual Returns

Year MSFT GOOG AAPL IBM
2026 (YTD) −22.53% +10.49% +12.44% −28.06%
2025 +12.57% +61.11% +6.21% +34.63%
2024 +9.76% +31.82% +27.04% +35.37%
2023 +53.07% +53.68% +44.18% +17.90%
2022 −32.40% −42.40% −30.87% +3.92%
2021 +42.45% +54.31% +25.80% +8.98%
2020 +40.62% +29.27% +79.86% −2.49%
2019 +54.04% +26.22% +84.74% +20.82%
2018 +18.54% −2.88% −7.16% −24.01%
2017 +37.82% +32.77% +45.39% −5.97%
2016 +12.74% −0.36% +10.20% +22.67%
2015 +21.80% +43.51% −3.72% −12.07%
2014 +26.61% −6.67% +39.57% −13.04%
2013 +42.16% +56.09% +6.47% −1.66%
2012 +3.98% +7.65% +30.31% +4.12%
2011 −7.27% +5.61% +21.94% +23.74%
2010 −7.90% −5.61% +50.81% +12.58%
2009 +56.22% +96.18% +140.36% +54.44%
2008 −44.44% −55.55% −56.95% −20.85%
2007 +16.09% +44.26% +124.30% +8.40%
2006 +12.99% +8.27% +15.11% +16.83%
2005 −4.22% +108.05% +115.87% −18.62%
2004 +5.69% +91.29% +191.81% +3.81%
2003 +4.85% — +46.39% +18.28%
2002 −23.77% — −36.08% −36.96%
2001 +50.41% — +45.01% +40.83%
2000 −64.07% — −72.02% −23.43%
1999 +63.96% — +144.58% +14.50%
1998 +111.20% — +207.07% +74.66%
1997 +53.81% — −38.18% +36.98%
1996 +82.27% — −36.61% +62.31%
1995 +40.00% — −19.41% +22.56%
1994 +47.68% — +31.65% +28.77%
1993 −8.10% — −51.76% +12.73%
1992 +11.87% — +3.91% −41.74%
1991 +115.18% — +28.39% −20.00%
1990 +63.01% — +16.37% +18.46%
1989 +56.16% — −15.51% −23.01%
1988 −5.98% — −7.42% +4.94%
1987 +115.28% — +99.53% −4.95%
1986 +70.22% — +82.29% −21.21%
1985 — — −27.28% +25.85%
1984 — — +14.91% +0.49%
1983 — — −21.39% +26.17%
1982 — — +30.07% +71.42%
1981 — — −40.47% −18.35%
1980 — — +18.06% −1.09%
1979 — — — −20.12%
1978 — — — +4.51%
1977 — — — −4.62%
1976 — — — +22.34%
1975 — — — +28.93%
1974 — — — −37.81%
1973 — — — −28.42%
1972 — — — +17.19%
1971 — — — +4.26%
1970 — — — −16.36%
1969 — — — +8.96%
1968 — — — −4.07%
1967 — — — +63.82%
1966 — — — +7.94%
1965 — — — +19.56%
1964 — — — −0.01%
1963 — — — +27.90%
1962 — — — −32.72%

Drawdowns

Thu 2004-08-19💬 to Tue 2026-07-14 Current
Drawdown 		Worst
Drawdown
MSFT × 		−30.66%
from 2025-10-28 peak 		−58.61%
2009-03-09
from 2007-11-01 peak
Microsoft Corporation NASDAQ Common Stock
GOOG × 		−10.53%
from 2026-05-13 peak 		−65.96%
2008-11-24
from 2007-11-06 peak
Alphabet Inc Class C NASDAQ Common Stock
AAPL × 		−0.78%
from 2026-07-13 peak 		−61.01%
2009-01-20
from 2007-12-28 peak
Apple Inc. NASDAQ Common Stock
IBM × 		−33.94%
from 2026-06-02 peak 		−49.35%
2020-03-23
from 2013-03-14 peak
International Business Machines NYSE Common Stock

Rolling Returns

Period ending Tue 2026-07-14 1
Year 		2
Years 		3
Years 		5
Years 		10
Years
MSFT × 		−25.55% −18.97%
−9.98%/yr 		+4.23%
+1.39%/yr 		+15.60%
+2.94%/yr 		+483.49%
+19.29%/yr
Microsoft Corporation NASDAQ Common Stock
GOOG × 		+89.21% +81.20%
+34.61%/yr 		+161.88%
+37.84%/yr 		+122.23%
+17.32%/yr 		+620.23%
+21.83%/yr
Alphabet Inc Class C NASDAQ Common Stock
AAPL × 		+46.26% +29.49%
+13.79%/yr 		+52.90%
+15.20%/yr 		+76.34%
+12.01%/yr 		+908.33%
+26.00%/yr
Apple Inc. NASDAQ Common Stock
IBM × 		−24.28% +17.92%
+8.59%/yr 		+63.69%
+17.85%/yr 		+60.80%
+9.97%/yr 		+54.95%
+4.48%/yr
International Business Machines NYSE Common Stock