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

Total Real Returns

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

Growth of $10,000

Fri 2000-05-05💬 to Fri 2026-10-23 Overall
Return 		Exponential
Trendline
SPY × 		+328.69%
+5.65%/yr 		+7.12%/yr
R2=0.845
State Street SPDR S&P 500 ETF Trust Exchange-Traded Fund
SMH × 		+964.16%
+9.35%/yr 		+12.78%/yr
R2=0.739
VanEck Semiconductor ETF NASDAQ Exchange-Traded Fund

Growth of $10,000 Summary

Fri 2000-05-05💬 to Fri 2026-10-23 Start
Value 		End
Value
SPY × 		$10,000.00
2000-05-05 		$42,869.04
2026-10-23
SMH × 		$10,000.00
2000-05-05 		$106,416.12
2026-10-23

This Year’s Performance

through 2026-10-23

  YTD YoY
SPY × 		+7.77% +9.89%
SMH × 		+40.47% +47.40%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
SPY × 		−3.03%
on 2026-10-23
from 2026-08-13 peak 		−57.85%
on 2009-03-09
from 2000-09-01 peak
SMH × 		−21.99%
on 2026-10-23
from 2026-06-22 peak 		−86.58%
on 2008-11-20
from 2000-06-21 peak

Rolling Returns

Period ending Fri 2026-10-23 1 yr 2 yr 3 yr 5 yr 10 yr
SPY × 		+9.89% +25.70%
+12.12%/yr 		+70.76%
+19.53%/yr 		+46.52%
+7.94%/yr 		+197.57%
+11.52%/yr
SMH × 		+47.40% +99.33%
+41.18%/yr 		+241.44%
+50.58%/yr 		+232.35%
+27.15%/yr 		+1,171.78%
+28.96%/yr

Annual Returns

Year SPY SMH
2026 (YTD) +7.77% +40.47%
2025 +14.65% +45.29%
2024 +21.39% +35.20%
2023 +22.09% +67.76%
2022 −23.15% −37.57%
2021 +20.27% +32.79%
2020 +16.74% +53.44%
2019 +28.29% +60.78%
2018 −6.35% −9.01%
2017 +19.19% +37.57%
2016 +9.73% +33.87%
2015 +0.50% +1.13%
2014 +12.61% +30.76%
2013 +30.35% +33.48%
2012 +14.01% +12.37%
2011 −1.04% −5.53%
2010 +13.36% +19.33%
2009 +23.01% +63.08%
2008 −36.85% −43.82%
2007 +1.01% +2.45%
2006 +13.00% −8.95%
2005 +1.35% +7.29%
2004 +7.21% −21.88%
2003 +25.82% +84.23%
2002 −23.41% −48.22%
2001 −13.10% −15.80%
2000 −12.70% −47.86%
1999 +17.24% —
1998 +26.65% —
1997 +31.24% —
1996 +18.63% —
1995 +34.61% —
1994 −2.22% —
1993 +6.22% —