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

Total Real Returns

SPY vs. ADX vs. CSQ: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

Growth of $10,000

Fri 2004-03-26💬 to Thu 2026-07-23 Overall
Return 		Exponential
Trendline
SPY × 		+459.73%
+8.02%/yr 		+8.51%/yr
R2=0.900
SPDR S&P 500 ETF Trust Exchange-Traded Fund
ADX × 		+433.35%
+7.79%/yr 		+7.33%/yr
R2=0.878
Adams Diversified Equity Closed Fund NYSE Mutual Fund
CSQ × 		+384.36%
+7.32%/yr 		+8.55%/yr
R2=0.860
Calamos Strategic Total Return Closed Fund NASDAQ Mutual Fund

Growth of $10,000 Summary

Fri 2004-03-26💬 to Thu 2026-07-23 Start
Value 		End
Value
SPY × 		$10,000.00
2004-03-26 		$55,972.60
2026-07-23
ADX × 		$10,000.00
2004-03-26 		$53,334.72
2026-07-23
CSQ × 		$10,000.00
2004-03-26 		$48,436.10
2026-07-23

This Year’s Performance

through 2026-07-23

  YTD YoY
SPY × 		+5.37% +13.55%
ADX × 		+12.23% +23.34%
CSQ × 		+5.52% +13.47%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
SPY × 		−2.46%
on 2026-07-23
from 2026-06-02 peak 		−55.97%
on 2009-03-09
from 2007-10-09 peak
ADX × 		−1.49%
on 2026-07-23
from 2026-07-22 peak 		−55.35%
on 2009-03-09
from 2007-10-09 peak
CSQ × 		−2.70%
on 2026-07-23
from 2026-07-10 peak 		−68.10%
on 2008-11-20
from 2007-05-22 peak

Rolling Returns

Period ending Thu 2026-07-23 1 yr 2 yr 3 yr 5 yr 10 yr
SPY × 		+13.55% +28.20%
+13.23%/yr 		+54.68%
+15.65%/yr 		+46.26%
+7.90%/yr 		+186.94%
+11.12%/yr
ADX × 		+23.34% +41.62%
+19.00%/yr 		+87.88%
+23.39%/yr 		+55.34%
+9.21%/yr 		+215.46%
+12.17%/yr
CSQ × 		+13.47% +27.25%
+12.81%/yr 		+52.92%
+15.21%/yr 		+32.21%
+5.74%/yr 		+207.33%
+11.88%/yr

Annual Returns

Year SPY ADX CSQ
2026 (YTD) +5.37% +12.23% +5.52%
2025 +14.65% +22.74% +13.26%
2024 +21.39% +24.71% +24.57%
2023 +22.09% +27.23% +16.95%
2022 −23.15% −24.69% −28.83%
2021 +20.27% +6.04% +22.21%
2020 +16.74% +15.00% +24.64%
2019 +28.29% +33.70% +35.77%
2018 −6.35% −5.38% −6.62%
2017 +19.19% +26.93% +25.40%
2016 +9.73% −1.39% +12.48%
2015 +0.50% −5.89% −5.62%
2014 +12.61% +12.98% +13.40%
2013 +30.35% +29.98% +18.57%
2012 +14.01% +15.11% +25.85%
2011 −1.04% −7.04% −6.01%
2010 +13.36% +10.24% +12.11%
2009 +23.01% +28.39% +52.66%
2008 −36.85% −38.88% −49.48%
2007 +1.01% +5.28% −6.58%
2006 +13.00% +15.09% +22.53%
2005 +1.35% −1.16% +0.57%
2004 +7.21% +9.53% −3.96%
2003 +25.82% +22.93% —
2002 −23.40% −22.53% —
2001 −13.10% −25.92% —
2000 −12.70% −1.82% —
1999 +17.24% +32.80% —
1998 +26.65% +17.51% —
1997 +31.24% +30.79% —
1996 +18.63% +12.68% —
1995 +34.61% +26.38% —
1994 −2.22% −12.46% —
1993 +6.22% −5.39% —
1992 — +11.05% —
1991 — +36.17% —
1990 — −8.29% —
1989 — +4.38% —
1988 — −2.13% —
1987 — −10.78% —
1986 — +21.14% —
1985 — +26.25% —
1984 — −9.87% —
1983 — −0.88% —
1982 — +10.65% —
1981 — −14.56% —
1980 — +33.18% —