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

Total Real Returns

SPY vs. BRK-B: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

Growth of $10,000

Thu 1996-05-09💬 to Tue 2026-09-08 Overall
Return 		Exponential
Trendline
SPY × 		+831.03%
+7.63%/yr 		+5.97%/yr
R2=0.799
State Street SPDR S&P 500 ETF Trust Exchange-Traded Fund
BRK-B × 		+917.65%
+7.95%/yr 		+7.20%/yr
R2=0.928
Berkshire Hathaway Inc NYSE Common Stock

Growth of $10,000 Summary

Thu 1996-05-09💬 to Tue 2026-09-08 Start
Value 		End
Value
SPY × 		$10,000.00
1996-05-09 		$93,103.06
2026-09-08
BRK-B × 		$10,000.00
1996-05-09 		$101,764.84
2026-09-08

This Year’s Performance

through 2026-09-08

  YTD YoY
SPY × 		+9.21% +15.49%
BRK-B × 		−2.67% −0.88%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
SPY × 		−1.76%
on 2026-09-08
from 2026-08-13 peak 		−58.56%
on 2009-03-09
from 2000-03-24 peak
BRK-B × 		−10.27%
on 2026-09-08
from 2025-05-02 peak 		−54.33%
on 2009-03-05
from 2007-12-10 peak

Rolling Returns

Period ending Tue 2026-09-08 1 yr 2 yr 3 yr 5 yr 10 yr
SPY × 		+15.49% +36.38%
+16.78%/yr 		+63.64%
+17.84%/yr 		+48.51%
+8.23%/yr 		+196.01%
+11.46%/yr
BRK-B × 		−0.88% +3.48%
+1.72%/yr 		+27.72%
+8.50%/yr 		+47.96%
+8.15%/yr 		+142.92%
+9.28%/yr

Annual Returns

Year SPY BRK-B
2026 (YTD) +9.21% −2.67%
2025 +14.65% +8.00%
2024 +21.39% +23.53%
2023 +22.09% +11.72%
2022 −23.15% −2.96%
2021 +20.27% +20.47%
2020 +16.74% +1.00%
2019 +28.29% +8.45%
2018 −6.35% +1.08%
2017 +19.19% +19.11%
2016 +9.73% +20.93%
2015 +0.50% −12.70%
2014 +12.61% +25.70%
2013 +30.35% +30.22%
2012 +14.01% +15.56%
2011 −1.04% −7.50%
2010 +13.36% +20.10%
2009 +23.01% −0.47%
2008 −36.85% −32.20%
2007 +1.01% +24.11%
2006 +13.00% +21.82%
2005 +1.35% −3.33%
2004 +7.21% +1.01%
2003 +25.82% +14.04%
2002 −23.40% −6.27%
2001 −13.10% +5.63%
2000 −12.70% +24.42%
1999 +17.24% −24.16%
1998 +26.65% +50.27%
1997 +31.24% +36.08%
1996 +18.63% −5.48%
1995 +34.61% —
1994 −2.22% —
1993 +6.22% —