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

Fri 2005-09-02 to Thu 2025-12-18	YTD Return	TRR Price
SPY ×	+13.24% 2025-12-18	12.22 TRR 2025-12-18
SPDR S&P 500 ETF Trust Exchange-Traded Fund
SMH ×	+39.46% 2025-12-18	7.346 TRR 2025-12-18
VanEck Semiconductor ETF NASDAQ Exchange-Traded Fund

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Returns

Fri 2005-09-02 to Thu 2025-12-18	Overall Return	Exponential Trendline
SPY ×	+388.67% +8.13%/yr	+8.98%/yr (R2=0.903)
SPDR S&P 500 ETF Trust Exchange-Traded Fund
SMH ×	+2,007.10% +16.21%/yr	+18.08%/yr (R2=0.926)
VanEck Semiconductor ETF NASDAQ Exchange-Traded Fund

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Growth of $10,000

Fri 2005-09-02 to Thu 2025-12-18	Start Value	End Value
SPY ×	$10,000.00 2005-09-02	$48,867.30 2025-12-18
SPDR S&P 500 ETF Trust Exchange-Traded Fund
SMH ×	$10,000.00 2005-09-02	$210,709.95 2025-12-18
VanEck Semiconductor ETF NASDAQ Exchange-Traded Fund

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Annual Returns

Year	SPY	SMH
2025 (YTD)	+13.24%	+39.46%
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%	+60.77%
2018	−6.35%	−10.76%
2017	+19.19%	+35.63%
2016	+9.72%	+32.78%
2015	+0.50%	−1.07%
2014	+12.61%	+29.25%
2013	+30.35%	+31.39%
2012	+14.01%	+10.02%
2011	−1.04%	+5.98%
2010	+13.36%	+19.31%
2009	+23.01%	+63.93%
2008	−36.86%	−43.83%
2007	+1.01%	+2.65%
2006	+13.00%	−8.92%
2005	+1.35%	+7.30%
2004	+7.21%	−21.87%
2003	+25.82%	+84.36%
2002	−23.41%	−48.24%
2001	−13.10%	−15.79%
2000	−12.70%	−47.87%
1999	+17.24%	—
1998	+26.66%	—
1997	+31.24%	—
1996	+18.56%	—
1995	+34.63%	—
1994	−2.21%	—
1993	+6.29%	—

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Drawdowns

Fri 2005-09-02 to Thu 2025-12-18	Current Drawdown	Worst Drawdown
SPY ×	−1.89%	−55.98% 2009-03-09
SPDR S&P 500 ETF Trust Exchange-Traded Fund
SMH ×	−7.23%	−60.70% 2008-11-20
VanEck Semiconductor ETF NASDAQ Exchange-Traded Fund