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

Fri 2000-05-05? to Fri 2025-12-19	YTD Return	TRR Price
SPY ×	+13.92% 2025-12-19	12.3 TRR 2025-12-19
SPDR S&P 500 ETF Trust Exchange-Traded Fund
SMH ×	+43.05% 2025-12-19	4.064 TRR 2025-12-19
VanEck Semiconductor ETF NASDAQ Exchange-Traded Fund

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Returns

Fri 2000-05-05? to Fri 2025-12-19	Overall Return	Exponential Trendline
SPY ×	+295.23% +5.51%/yr	+6.88%/yr (R2=0.831)
SPDR S&P 500 ETF Trust Exchange-Traded Fund
SMH ×	+306.42% +5.62%/yr	+11.92%/yr (R2=0.728)
VanEck Semiconductor ETF NASDAQ Exchange-Traded Fund

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Growth of $10,000

Fri 2000-05-05? to Fri 2025-12-19	Start Value	End Value
SPY ×	$10,000.00 2000-05-05	$39,523.23 2025-12-19
SPDR S&P 500 ETF Trust Exchange-Traded Fund
SMH ×	$10,000.00 2000-05-05	$40,642.33 2025-12-19
VanEck Semiconductor ETF NASDAQ Exchange-Traded Fund

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Annual Returns

Year	SPY	SMH
2025 (YTD)	+13.92%	+43.05%
2024	+21.39%	+35.20%
2023	+22.09%	+67.76%
2022	−23.15%	−37.57%
2021	+20.26%	+32.78%
2020	+16.74%	+53.45%
2019	+28.29%	+60.79%
2018	−6.35%	−10.76%
2017	+19.18%	+35.63%
2016	+9.73%	+32.78%
2015	+0.50%	−1.07%
2014	+12.61%	+29.25%
2013	+30.34%	+31.32%
2012	+14.01%	+10.01%
2011	−1.04%	+6.04%
2010	+13.36%	+19.31%
2009	+23.01%	+63.93%
2008	−36.85%	−43.83%
2007	+1.01%	+2.65%
2006	+12.99%	−9.03%
2005	+1.35%	+7.23%
2004	+7.21%	−21.88%
2003	+25.82%	+84.22%
2002	−23.41%	−48.22%
2001	−13.10%	−15.79%
2000	−12.70%	−71.82%
1999	+17.24%	—
1998	+26.66%	—
1997	+31.24%	—
1996	+18.57%	—
1995	+34.63%	—
1994	−2.23%	—
1993	+6.29%	—

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Drawdowns

Fri 2000-05-05? to Fri 2025-12-19	Current Drawdown	Worst Drawdown
SPY ×	−1.30%	−57.85% 2009-03-09
SPDR S&P 500 ETF Trust Exchange-Traded Fund
SMH ×	−4.83%	−92.40% 2008-11-20
VanEck Semiconductor ETF NASDAQ Exchange-Traded Fund