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

Fri 2000-05-05? to Fri 2025-08-01	YTD Return	TRR Price
SPY ×	+4.18% 2025-08-01	11.24 TRR 2025-08-01
SPDR S&P 500 ETF Trust Exchange-Traded Fund
SMH ×	+14.46% 2025-08-01	6.03 TRR 2025-08-01
VanEck Semiconductor ETF NASDAQ Exchange-Traded Fund

---

Returns

Fri 2000-05-05? to Fri 2025-08-01	Overall Return	Exponential Trendline
SPY ×	+261.40% +5.22%/yr	+6.77%/yr (R2=0.823)
SPDR S&P 500 ETF Trust Exchange-Traded Fund
SMH ×	+502.99% +7.38%/yr	+11.65%/yr (R2=0.724)
VanEck Semiconductor ETF NASDAQ Exchange-Traded Fund

---

Growth of $10,000

Fri 2000-05-05? to Fri 2025-08-01	Start Value	End Value
SPY ×	$10,000.00 2000-05-05	$36,140.21 2025-08-01
SPDR S&P 500 ETF Trust Exchange-Traded Fund
SMH ×	$10,000.00 2000-05-05	$60,299.43 2025-08-01
VanEck Semiconductor ETF NASDAQ Exchange-Traded Fund

---

Annual Returns

Year	SPY	SMH
2025 (YTD)	+4.18%	+14.46%
2024	+21.39%	+35.21%
2023	+22.09%	+67.76%
2022	−23.15%	−37.57%
2021	+20.27%	+32.78%
2020	+16.74%	+53.45%
2019	+28.29%	+60.77%
2018	−6.35%	−10.75%
2017	+19.19%	+35.60%
2016	+9.73%	+32.78%
2015	+0.50%	−1.04%
2014	+12.61%	+29.25%
2013	+30.35%	+31.35%
2012	+14.01%	+9.99%
2011	−1.04%	+6.00%
2010	+13.36%	+19.40%
2009	+23.00%	+63.85%
2008	−36.85%	−43.82%
2007	+1.02%	+2.59%
2006	+13.00%	−8.89%
2005	+1.35%	+7.33%
2004	+7.21%	−21.90%
2003	+25.82%	+84.39%
2002	−23.41%	−48.23%
2001	−13.10%	−15.80%
2000	−12.70%	−47.87%
1999	+17.24%	—
1998	+26.66%	—
1997	+31.23%	—
1996	+18.56%	—
1995	+34.65%	—
1994	−2.23%	—
1993	+6.29%	—

---

Drawdowns

Fri 2000-05-05? to Fri 2025-08-01	Current Drawdown	Worst Drawdown
SPY ×	−2.46%	−57.89% 2009-03-09
SPDR S&P 500 ETF Trust Exchange-Traded Fund
SMH ×	−4.17%	−86.55% 2008-11-20
VanEck Semiconductor ETF NASDAQ Exchange-Traded Fund