Data Source: from January 1972 to December 2021
Last Update: 31 Dec 2021
In the last 10 years, the SPDR S&P 500 (SPY) ETF obtained a 16.45% compound annual return, with a 12.99% standard deviation.
In the last 25 years, a 9.67% compound annual return, with a 15.22% standard deviation.
In 2021, the ETF granted a 1.54% dividend yield. If you are interested in getting periodic income, please refer to the SPDR S&P 500 (SPY) ETF: Dividend Yield page.
The ETF is related to the following investment themes:
- Asset Class: Equity
- Size: Large Cap
- Style: Blend
- Region: North America
- Country: U.S.
The SPDR S&P 500 (SPY) ETF is present in the following Lazy Portfolios:
| Portfolio Name | Author | SPY Weight |
|---|---|---|
| Ultimate Buy and Hold Strategy | Paul Merriman | 10.0% |
Capital Growth and Historical Returns
Capital growth, returns, stats are calculated assuming a reinvestment of dividends.
If you are interested in getting periodic income, please refer to the SPDR S&P 500 (SPY) ETF: Dividend Yield page.
An investment of 1000$, since January 1997, now would be worth 10047.87$, with a total return of 904.79% (9.67% annualized).
The Inflation Adjusted Capital now would be 5705.43$, with a net total return of 470.54% (7.21% annualized).
| Period | Return Dec 2021 update |
Return Inflation Adjusted |
Standard Deviation(*) |
Max Drawdown |
Months Pos - Neg |
|---|---|---|---|---|---|
|
1M
Dec 2021
|
+4.63%
|
+4.14%
|
0.00%
|
1 - 0
|
|
|
3M
|
+11.07%
|
+8.67%
|
-0.80%
Nov 2021 - Nov 2021
|
2 - 1
|
|
|
6M
|
+11.71%
|
+8.04%
|
-4.66%
Sep 2021 - Sep 2021
|
4 - 2
|
|
|
YTD
|
+28.74%
|
+20.18%
|
10.67%
|
-4.66%
Sep 2021 - Sep 2021
|
9 - 3
75% pos
|
|
1Y
|
+28.74%
|
+20.18%
|
10.67%
|
-4.66%
Sep 2021 - Sep 2021
|
9 - 3
75% pos
|
|
3Y
|
+25.99%
annualized
|
+21.69%
annualized
|
17.10%
|
-19.43%
Jan 2020 - Mar 2020
|
26 - 10
72% pos
|
|
5Y
|
+18.36%
annualized
|
+15.00%
annualized
|
15.18%
|
-19.43%
Jan 2020 - Mar 2020
|
46 - 14
77% pos
|
|
10Y
|
+16.45%
annualized
|
+14.04%
annualized
|
12.99%
|
-19.43%
Jan 2020 - Mar 2020
|
88 - 32
73% pos
|
|
20Y
|
+9.46%
annualized
|
+6.99%
annualized
|
14.56%
|
-50.80%
Nov 2007 - Feb 2009
|
160 - 80
67% pos
|
|
25Y
|
+9.67%
annualized
|
+7.21%
annualized
|
15.22%
|
-50.80%
Nov 2007 - Feb 2009
|
193 - 107
64% pos
|
|
MAX
01 Jan 1972
|
+10.88%
annualized
|
+6.70%
annualized
|
15.19%
|
-50.80%
Nov 2007 - Feb 2009
|
377 - 223
63% pos
|
Inflation is updated to Dec 2021. Current inflation (annualized) is 1Y: 7.12% , 5Y: 2.92% , 10Y: 2.12% , 25Y: 2.29%
ETF Returns, up to December 1993, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets.
Drawdowns
Worst drawdowns since January 1997.
Drawdown period |
Recovery period |
Total |
||||
|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months |
| -50.80% | Nov 2007 | Feb 2009 | 16 | Mar 2012 | 37 | 53 |
| -44.71% | Sep 2000 | Sep 2002 | 25 | Nov 2006 | 50 | 75 |
| -19.43% | Jan 2020 | Mar 2020 | 3 | Jul 2020 | 4 | 7 |
| -15.28% | Jul 1998 | Aug 1998 | 2 | Nov 1998 | 3 | 5 |
| -13.52% | Oct 2018 | Dec 2018 | 3 | Apr 2019 | 4 | 7 |
| -8.48% | Aug 2015 | Sep 2015 | 2 | May 2016 | 8 | 10 |
| -6.63% | Apr 2012 | May 2012 | 2 | Aug 2012 | 3 | 5 |
| -6.43% | Jan 2000 | Feb 2000 | 2 | Mar 2000 | 1 | 3 |
| -6.38% | May 2019 | May 2019 | 1 | Jun 2019 | 1 | 2 |
| -6.28% | Feb 2018 | Mar 2018 | 2 | Jul 2018 | 4 | 6 |
| -6.14% | Sep 2020 | Oct 2020 | 2 | Nov 2020 | 1 | 3 |
| -5.76% | Jul 1999 | Sep 1999 | 3 | Oct 1999 | 1 | 4 |
| -5.18% | Aug 1997 | Aug 1997 | 1 | Nov 1997 | 3 | 4 |
| -5.03% | Apr 2000 | May 2000 | 2 | Aug 2000 | 3 | 5 |
| -4.66% | Sep 2021 | Sep 2021 | 1 | Oct 2021 | 1 | 2 |
| -4.55% | Jun 2007 | Jul 2007 | 2 | Sep 2007 | 2 | 4 |
| -4.41% | Mar 1997 | Mar 1997 | 1 | Apr 1997 | 1 | 2 |
| -3.52% | Jan 2014 | Jan 2014 | 1 | Feb 2014 | 1 | 2 |
| -3.21% | Dec 2014 | Jan 2015 | 2 | Feb 2015 | 1 | 3 |
| -3.21% | Feb 1999 | Feb 1999 | 1 | Mar 1999 | 1 | 2 |
Rolling Returns ( more details)
SPDR S&P 500 (SPY) ETF: annualized rolling and average returns
| Return (*) | Negative Periods |
|||
|---|---|---|---|---|
| Rolling Period | Average | Best | Worst | |
| 1 Year |
+12.02% |
+58.83% Jul 1982 - Jun 1983 |
-43.44% Mar 2008 - Feb 2009 |
20.20% |
| 2 Years |
+11.22% |
+37.08% Mar 2009 - Feb 2011 |
-26.04% Mar 2007 - Feb 2009 |
14.90% |
| 3 Years |
+11.17% |
+32.80% Aug 1984 - Jul 1987 |
-16.28% Apr 2000 - Mar 2003 |
13.27% |
| 5 Years |
+11.17% |
+28.95% Aug 1982 - Jul 1987 |
-6.67% Mar 2004 - Feb 2009 |
10.17% |
| 7 Years |
+11.16% |
+22.44% Aug 1982 - Jul 1989 |
-3.91% Mar 2002 - Feb 2009 |
1.35% |
| 10 Years |
+11.16% |
+19.27% Sep 1990 - Aug 2000 |
-3.45% Mar 1999 - Feb 2009 |
4.99% |
| 15 Years |
+11.02% |
+19.24% Aug 1982 - Jul 1997 |
+3.67% Sep 2000 - Aug 2015 |
0.00% |
| 20 Years |
+11.01% |
+17.90% Apr 1980 - Mar 2000 |
+4.69% Apr 2000 - Mar 2020 |
0.00% |
* Annualized rolling and average returns over full calendar month periods
If you need a deeper detail about rolling returns, please refer to the SPDR S&P 500 (SPY) ETF: Rolling Returns page.
Seasonality
In the table below, for the SPDR S&P 500 (SPY) ETF, the average monthly return is represented.
Below each return, it's also mentioned the probability of obtaining a positive monthly result (Win %).
Both the Average Return and the Gain Frequency are useful to get an idea of what happened in the past.
| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Win % |
1.34 58% |
0.45 58% |
1.03 68% |
1.87 72% |
1.06 64% |
0.66 60% |
0.85 52% |
0.42 62% |
-0.63 52% |
1.19 62% |
1.87 74% |
1.42 72% |
| Best Year |
13.3 1987 |
7.6 1986 |
9.7 2000 |
12.7 2020 |
9.7 1990 |
7.0 2019 |
9.0 1989 |
12.4 1982 |
9.0 2010 |
18.3 1974 |
11.0 1980 |
11.4 1991 |
| Worst Year |
-8.2 2009 |
-10.7 2009 |
-12.5 2020 |
-5.8 2002 |
-7.9 2010 |
-8.4 2008 |
-8.0 1974 |
-14.1 1998 |
-11.5 1974 |
-21.7 1987 |
-10.9 1973 |
-8.8 2018 |
For further information about the seasonality, check the Asset Class Seasonality page.
Monthly/Yearly Returns
SPDR S&P 500 (SPY) ETF monthly and yearly returns: how is the distribution of the returns recorded so far?
Yearly Return(%) |
Monthly Return(%) |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Total | Infl.Adj | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2021 |
+28.74 | +20.18 | -1.0 | 2.8 | 4.5 | 5.3 | 0.7 | 2.2 | 2.4 | 3.0 | -4.7 | 7.0 | -0.8 | 4.6 |
| 2020 |
+18.37 | +16.85 | 0.0 | -7.9 | -12.5 | 12.7 | 4.8 | 1.8 | 5.9 | 7.0 | -3.7 | -2.5 | 10.9 | 3.7 |
| 2019 |
+31.22 | +28.32 | 8.0 | 3.2 | 1.8 | 4.1 | -6.4 | 7.0 | 1.5 | -1.7 | 1.9 | 2.2 | 3.6 | 2.9 |
| 2018 |
-4.56 | -6.36 | 5.6 | -3.6 | -2.7 | 0.5 | 2.4 | 0.6 | 3.7 | 3.2 | 0.6 | -6.9 | 1.9 | -8.8 |
| 2017 |
+21.70 | +19.20 | 1.8 | 3.9 | 0.1 | 1.0 | 1.4 | 0.6 | 2.1 | 0.3 | 2.0 | 2.4 | 3.1 | 1.2 |
| 2016 |
+12.00 | +9.75 | -5.0 | -0.1 | 6.7 | 0.4 | 1.7 | 0.3 | 3.6 | 0.1 | 0.0 | -1.7 | 3.7 | 2.0 |
| 2015 |
+1.25 | +0.61 | -3.0 | 5.6 | -1.6 | 1.0 | 1.3 | -2.0 | 2.3 | -6.1 | -2.5 | 8.5 | 0.4 | -1.7 |
| 2014 |
+13.46 | +12.73 | -3.5 | 4.6 | 0.8 | 0.7 | 2.3 | 2.1 | -1.3 | 3.9 | -1.4 | 2.4 | 2.7 | -0.3 |
| 2013 |
+32.31 | +30.33 | 5.1 | 1.3 | 3.8 | 1.9 | 2.4 | -1.3 | 5.2 | -3.0 | 3.2 | 4.6 | 3.0 | 2.6 |
| 2012 |
+15.99 | +13.99 | 4.6 | 4.3 | 3.2 | -0.7 | -6.0 | 4.1 | 1.2 | 2.5 | 2.5 | -1.8 | 0.6 | 0.9 |
| 2011 |
+1.89 | -1.14 | 2.3 | 3.5 | 0.0 | 2.9 | -1.1 | -1.7 | -2.0 | -5.5 | -6.9 | 10.9 | -0.4 | 1.0 |
| 2010 |
+15.06 | +13.43 | -3.6 | 3.1 | 6.1 | 1.5 | -7.9 | -5.2 | 6.8 | -4.5 | 9.0 | 3.8 | 0.0 | 6.7 |
| 2009 |
+26.36 | +22.91 | -8.2 | -10.7 | 8.3 | 9.9 | 5.8 | -0.1 | 7.5 | 3.7 | 3.5 | -1.9 | 6.2 | 1.9 |
| 2008 |
-36.81 | -36.79 | -6.0 | -2.6 | -0.9 | 4.8 | 1.5 | -8.4 | -0.9 | 1.5 | -9.4 | -16.5 | -7.0 | 1.0 |
| 2007 |
+5.14 | +0.99 | 1.5 | -2.0 | 1.2 | 4.4 | 3.4 | -1.5 | -3.1 | 1.3 | 3.9 | 1.4 | -3.9 | -1.1 |
| 2006 |
+15.85 | +13.00 | 2.4 | 0.6 | 1.7 | 1.3 | -3.0 | 0.3 | 0.4 | 2.2 | 2.7 | 3.2 | 2.0 | 1.3 |
| 2005 |
+4.83 | +1.44 | -2.2 | 2.1 | -1.8 | -1.9 | 3.2 | 0.2 | 3.8 | -0.9 | 0.8 | -2.4 | 4.4 | -0.2 |
| 2004 |
+10.70 | +7.12 | 2.0 | 1.4 | -1.3 | -1.9 | 1.7 | 1.8 | -3.2 | 0.2 | 1.0 | 1.3 | 4.5 | 3.0 |
| 2003 |
+28.18 | +25.62 | -2.5 | -1.3 | 0.2 | 8.5 | 5.5 | 1.1 | 1.8 | 2.1 | -1.1 | 5.4 | 1.1 | 5.0 |
| 2002 |
-21.59 | -23.49 | -1.0 | -1.8 | 3.3 | -5.8 | -0.6 | -7.4 | -7.9 | 0.7 | -10.5 | 8.2 | 6.2 | -5.7 |
| 2001 |
-11.75 | -13.15 | 4.4 | -9.5 | -5.6 | 8.5 | -0.6 | -2.4 | -1.0 | -5.9 | -8.2 | 1.3 | 7.8 | 0.6 |
| 2000 |
-9.73 | -12.73 | -5.0 | -1.5 | 9.7 | -3.5 | -1.6 | 2.0 | -1.6 | 6.5 | -5.5 | -0.5 | -7.5 | -0.5 |
| 1999 |
+20.39 | +17.25 | 3.5 | -3.2 | 4.2 | 3.8 | -2.3 | 5.5 | -3.1 | -0.5 | -2.2 | 6.4 | 1.7 | 5.7 |
| 1998 |
+28.69 | +26.65 | 1.3 | 6.9 | 4.9 | 1.3 | -2.1 | 4.3 | -1.4 | -14.1 | 6.4 | 8.1 | 5.6 | 6.5 |
| 1997 |
+33.48 | +31.25 | 6.2 | 1.0 | -4.4 | 6.3 | 6.3 | 4.1 | 7.9 | -5.2 | 4.8 | -2.5 | 3.9 | 1.9 |
| 1996 |
+22.49 | +18.49 | 3.6 | 0.3 | 1.7 | 1.1 | 2.3 | 0.9 | -4.5 | 1.9 | 5.6 | 3.2 | 7.3 | -2.4 |
| 1995 |
+38.05 | +34.64 | 3.4 | 4.1 | 2.8 | 3.0 | 4.0 | 2.0 | 3.2 | 0.4 | 4.2 | -0.3 | 4.4 | 1.6 |
| 1994 |
+0.40 | -2.14 | 3.5 | -2.9 | -4.2 | 1.1 | 1.6 | -2.3 | 3.2 | 3.8 | -2.5 | 2.8 | -4.0 | 0.7 |
| 1993 |
+9.89 | +6.89 | 0.8 | 1.4 | 2.1 | -2.4 | 2.7 | 0.3 | -0.4 | 3.8 | -0.8 | 2.1 | -1.0 | 1.2 |
| 1992 |
+7.42 | +4.33 | -1.9 | 1.2 | -1.9 | 2.9 | 0.5 | -1.5 | 4.0 | -2.1 | 1.2 | 0.3 | 3.4 | 1.2 |
| 1991 |
+30.22 | +26.45 | 4.4 | 7.1 | 2.4 | 0.2 | 4.3 | -4.6 | 4.6 | 2.3 | -1.7 | 1.3 | -4.0 | 11.4 |
| 1990 |
-3.32 | -9.02 | -6.7 | 1.3 | 2.6 | -2.5 | 9.7 | -0.7 | -0.4 | -9.0 | -4.9 | -0.4 | 6.4 | 2.7 |
| 1989 |
+31.36 | +25.54 | 7.3 | -2.5 | 2.3 | 5.2 | 4.0 | -0.6 | 9.0 | 1.9 | -0.4 | -2.3 | 2.0 | 2.4 |
| 1988 |
+16.22 | +11.31 | 4.2 | 4.6 | -3.0 | 1.0 | 0.8 | 4.6 | -0.4 | -3.4 | 4.3 | 2.7 | -1.5 | 1.7 |
| 1987 |
+4.71 | +0.36 | 13.3 | 4.0 | 2.9 | -1.0 | 1.0 | 5.0 | 4.9 | 3.8 | -2.3 | -21.7 | -8.2 | 7.6 |
| 1986 |
+18.06 | +16.68 | 0.4 | 7.6 | 5.5 | -1.3 | 5.5 | 1.7 | -5.7 | 7.5 | -8.3 | 5.6 | 2.6 | -2.6 |
| 1985 |
+31.23 | +26.43 | 7.6 | 1.4 | 0.0 | -0.3 | 6.0 | 1.4 | -0.2 | -0.7 | -3.1 | 4.4 | 6.9 | 4.7 |
| 1984 |
+6.21 | +2.08 | -0.5 | -3.3 | 1.6 | 0.7 | -5.4 | 2.2 | -1.5 | 11.2 | 0.0 | 0.3 | -1.0 | 2.6 |
| 1983 |
+21.29 | +16.87 | 3.4 | 2.5 | 3.5 | 7.6 | -0.9 | 3.7 | -3.2 | 1.8 | 1.3 | -1.4 | 2.3 | -0.6 |
| 1982 |
+20.97 | +16.51 | -1.5 | -5.1 | -0.7 | 4.1 | -2.8 | -1.6 | -2.2 | 12.4 | 1.0 | 11.1 | 4.2 | 1.7 |
| 1981 |
-5.21 | -12.96 | -4.4 | 2.1 | 3.7 | -2.2 | 0.6 | -0.9 | 0.0 | -5.4 | -5.0 | 5.2 | 4.4 | -2.8 |
| 1980 |
+31.92 | +17.41 | 5.9 | 0.4 | -9.8 | 4.3 | 5.5 | 2.8 | 6.6 | 1.3 | 2.7 | 2.0 | 11.0 | -3.1 |
| 1979 |
+18.05 | +4.23 | 4.1 | -2.9 | 5.7 | 0.4 | -1.7 | 4.0 | 1.1 | 6.1 | 0.2 | -6.5 | 5.1 | 1.8 |
| 1978 |
+5.87 | -2.86 | -6.0 | -1.7 | 2.6 | 8.5 | 1.3 | -1.6 | 5.7 | 3.4 | -0.6 | -8.9 | 2.6 | 1.7 |
| 1977 |
-7.84 | -13.61 | -5.0 | -1.4 | -1.3 | 0.0 | -1.5 | 4.5 | -1.5 | -1.4 | 0.0 | -4.2 | 3.5 | 0.5 |
| 1976 |
+24.18 | +18.23 | 12.2 | -0.8 | 2.7 | -1.0 | -1.0 | 5.0 | -0.7 | 0.2 | 2.5 | -2.1 | 0.3 | 5.4 |
| 1975 |
+36.95 | +27.83 | 12.3 | 6.5 | 2.6 | 5.2 | 5.7 | 5.0 | -6.7 | -2.0 | -3.6 | 6.5 | 3.2 | -1.3 |
| 1974 |
-26.93 | -34.81 | -1.1 | -0.3 | -2.3 | -4.0 | -2.4 | -1.9 | -8.0 | -8.7 | -11.5 | 18.3 | -4.0 | -2.2 |
| 1973 |
-16.18 | -23.06 | -2.0 | -3.7 | -0.4 | -4.6 | -1.4 | -0.8 | 4.6 | -3.1 | 4.5 | -0.2 | -10.9 | 1.5 |
| 1972 |
+18.95 | +15.04 | 2.2 | 3.0 | 0.8 | 0.7 | 1.9 | -1.9 | 0.0 | 3.9 | -0.4 | 1.2 | 4.9 | 1.4 |
ETF Returns, up to December 1993, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets.