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 Mon 2026-07-27 Overall
Return 		Exponential
Trendline
SPY × 		+799.00%
+7.54%/yr 		+5.94%/yr
R2=0.797
SPDR S&P 500 ETF Trust Exchange-Traded Fund
BRK-B × 		+900.95%
+7.92%/yr 		+7.19%/yr
R2=0.928
Berkshire Hathaway Inc NYSE Common Stock

Growth of $10,000 Summary

Thu 1996-05-09💬 to Mon 2026-07-27 Start
Value 		End
Value
SPY × 		$10,000.00
1996-05-09 		$89,900.27
2026-07-27
BRK-B × 		$10,000.00
1996-05-09 		$100,095.06
2026-07-27

This Year’s Performance

through 2026-07-27

  YTD YoY
SPY × 		+5.45% +13.14%
BRK-B × 		−4.27% −0.93%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
SPY × 		−2.38%
on 2026-07-27
from 2026-06-02 peak 		−58.56%
on 2009-03-09
from 2000-03-24 peak
BRK-B × 		−11.74%
on 2026-07-27
from 2025-05-02 peak 		−54.33%
on 2009-03-05
from 2007-12-10 peak

Rolling Returns

Period ending Mon 2026-07-27 1 yr 2 yr 3 yr 5 yr 10 yr
SPY × 		+13.14% +30.53%
+14.25%/yr 		+54.76%
+15.67%/yr 		+46.78%
+7.98%/yr 		+188.07%
+11.16%/yr
BRK-B × 		−0.93% +6.70%
+3.30%/yr 		+29.92%
+9.12%/yr 		+44.29%
+7.61%/yr 		+147.86%
+9.50%/yr

Annual Returns

Year SPY BRK-B
2026 (YTD) +5.45% −4.27%
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% —