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

Total Real Returns

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

Thu 2004-11-18? to Wed 2025-07-16 YTD
Return
TRR
Price
MSTR
×
+53.84%
2025-07-16
21.77 TRR
2025-07-16
MicroStrategy Incorporated NASDAQ Common Stock
SPY
×
+5.35%
2025-07-16
11.3 TRR
2025-07-16
SPDR S&P 500 ETF Trust Exchange-Traded Fund
GLD
×
+24.14%
2025-07-16
4.107 TRR
2025-07-16
SPDR Gold Shares Exchange-Traded Fund

Returns

Thu 2004-11-18? to Wed 2025-07-16 Overall
Return
Exponential
Trendline
MSTR
×
+3,934.51%
+19.60%/yr
+10.71%/yr
(R2=0.537)
MicroStrategy Incorporated NASDAQ Common Stock
SPY
×
+357.81%
+7.64%/yr
+8.51%/yr
(R2=0.889)
SPDR S&P 500 ETF Trust Exchange-Traded Fund
GLD
×
+310.71%
+7.08%/yr
+3.74%/yr
(R2=0.501)
SPDR Gold Shares Exchange-Traded Fund

Growth of $10,000

Thu 2004-11-18? to Wed 2025-07-16 Start
Value
End
Value
MSTR
×
$10,000.00
2004-11-18
$403,451.33
2025-07-16
MicroStrategy Incorporated NASDAQ Common Stock
SPY
×
$10,000.00
2004-11-18
$45,781.02
2025-07-16
SPDR S&P 500 ETF Trust Exchange-Traded Fund
GLD
×
$10,000.00
2004-11-18
$41,071.14
2025-07-16
SPDR Gold Shares Exchange-Traded Fund

Annual Returns

Year MSTR SPY GLD
2025 (YTD) +53.84% +5.35% +24.14%
2024 +345.69% +21.39% +23.11%
2023 +331.75% +22.09% +9.04%
2022 −75.58% −23.15% −6.80%
2021 +30.93% +20.27% −10.45%
2020 +168.81% +16.74% +23.13%
2019 +9.14% +28.30% +15.22%
2018 −4.53% −6.36% −3.77%
2017 −34.85% +19.19% +10.47%
2016 +7.84% +9.73% +5.85%
2015 +9.63% +0.50% −11.32%
2014 +29.67% +12.62% −2.92%
2013 +31.15% +30.35% −29.39%
2012 −15.29% +14.01% +4.78%
2011 +23.11% −1.05% +6.41%
2010 −10.46% +13.36% +27.37%
2009 +146.49% +23.00% +20.74%
2008 −60.98% −36.85% +4.83%
2007 −19.89% +1.01% +25.32%
2006 +34.59% +13.00% +19.54%
2005 +32.68% +1.35% +13.86%
2004 +11.14% +7.21% −0.97%
2003 +241.10% +25.82%
2002 −61.68% −23.40%
2001 −60.09% −13.11%
2000 −91.25% −12.70%
1999 +549.27% +17.24%
1998 +48.19% +26.65%
1997 +31.23%
1996 +18.57%
1995 +34.63%
1994 −2.21%
1993 +6.28%

Drawdowns

Thu 2004-11-18? to Wed 2025-07-16 Current
Drawdown
Worst
Drawdown
MSTR
×
−5.98% −90.53%
2022-12-29
MicroStrategy Incorporated NASDAQ Common Stock
SPY
×
−0.30% −55.97%
2009-03-09
SPDR S&P 500 ETF Trust Exchange-Traded Fund
GLD
×
−3.06% −47.98%
2015-12-17
SPDR Gold Shares Exchange-Traded Fund