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 2026-08-21 Overall
Return 		Exponential
Trendline
SPY × 		+334.96%
+5.75%/yr 		+7.07%/yr
R2=0.842
SPDR S&P 500 ETF Trust Exchange-Traded Fund
SMH × 		+1,157.90%
+10.11%/yr 		+13.13%/yr
R2=0.773
VanEck Semiconductor ETF NASDAQ Exchange-Traded Fund

Growth of $10,000 Summary

Fri 2000-05-05💬 to Fri 2026-08-21 Start
Value 		End
Value
SPY × 		$10,000.00
2000-05-05 		$43,495.50
2026-08-21
SMH × 		$10,000.00
2000-05-05 		$125,790.21
2026-08-21

This Year’s Performance

through 2026-08-21

  YTD YoY
SPY × 		+9.35% +17.86%
SMH × 		+50.74% +89.22%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
SPY × 		−1.63%
on 2026-08-21
from 2026-08-13 peak 		−57.89%
on 2009-03-09
from 2000-09-01 peak
SMH × 		−16.29%
on 2026-08-21
from 2026-06-22 peak 		−85.33%
on 2008-11-20
from 2000-06-21 peak

Rolling Returns

Period ending Fri 2026-08-21 1 yr 2 yr 3 yr 5 yr 10 yr
SPY × 		+17.86% +31.54%
+14.69%/yr 		+65.81%
+18.36%/yr 		+51.01%
+8.59%/yr 		+196.05%
+11.46%/yr
SMH × 		+89.22% +111.95%
+45.58%/yr 		+244.69%
+51.06%/yr 		+268.20%
+29.78%/yr 		+1,246.36%
+29.69%/yr

Annual Returns

Year SPY SMH
2026 (YTD) +9.35% +50.74%
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% −10.75%
2017 +19.19% +35.61%
2016 +9.73% +32.79%
2015 +0.50% −1.06%
2014 +12.61% +29.25%
2013 +30.35% +31.36%
2012 +14.01% +10.01%
2011 −1.04% +6.02%
2010 +13.36% +19.33%
2009 +23.01% +63.90%
2008 −36.85% −43.82%
2007 +1.01% +11.86%
2006 +13.00% −8.91%
2005 +1.35% +7.32%
2004 +7.21% −21.86%
2003 +25.82% +84.27%
2002 −23.40% −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% —