What is S&P 500's 10-year return?

Over the last 10 years, the S&P 500 (proxied by SPY, dividends reinvested) returned about +15.4% a year annualized (+319.4% cumulative total return).

What is S&P 500's 20-year annualized return?

Over the last 20 years, the S&P 500 (proxied by SPY, dividends reinvested) compounded at about +11.0% a year (+704.0% cumulative).

What is S&P 500's 30-year annualized return?

Over the last 30 years, the S&P 500 (proxied by SPY, dividends reinvested) compounded at about +10.1% a year (+1705.7% cumulative).

Where did S&P 500's 20-year return come from?

Of its +11.0% a year over the last 20 years, earnings growth contributed +6.9%, the rise in its P/E from 17.4 to 25.9 +2.1%, and dividends +2.0%.

What is S&P 500's return since inception?

Since 1993, the S&P 500 (proxied by SPY, dividends reinvested) has compounded at about +10.8% a year — +3073.2% in total.

Market proxy SPY$763.251D -1.11%as of market close, Oct 16, 2026

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S&P 500 trailing returns

S&P 500's 10-year return is +15.4% a year (CAGR) (+319.4% cumulative). How the S&P 500 (proxied by SPY, dividends reinvested) has performed over the last day, week, month and year, over 5, 10, 20 and 30 years, and since inception, through October 16, 2026 — price return and dividends side by side, with the worst drop inside each window.

Trailing returns by period#

To 2026-10-16. Price return + dividends = total return. Per year (CAGR) for windows of a year or more, with the cumulative total return beneath. Worst drop: the deepest fall in the price from a high inside the window, and when it bottomed.

Period	Price	DivsDividends	Total	Worst drop
1 day	-1.1%	+0.0%	-1.1%	—
5 days	-2.0%	+0.0%	-2.0%	-2.0%Oct 16
1 month	+1.2%	+0.3%	+1.5%	-2.0%Oct 16
YTD	+11.9%	+0.9%	+12.8%	-9.1%Mar 30
1 year	+15.5%	+1.2%	+16.8%	-9.1%Mar 2026
5 years	+11.4%	+1.5%	+12.9%+83.0%	-25.4%Oct 2022
10 years	+13.6%	+1.8%	+15.4%+319.4%	-34.1%Mar 2020
20 years	+9.0%	+2.0%	+11.0%+704.0%	-56.5%Mar 2009
30 years	+8.3%	+1.9%	+10.1%+1705.7%	-56.5%Mar 2009
Since inception (1993)	+8.8%	+2.0%	+10.8%+3073.2%	-56.5%Mar 2009

Where the return came from#

Each window's total return per year (CAGR), split three ways: what the companies earned (earnings growth), what the market paid for those earnings (the change in the P/E, from the start of the window to now), and dividends. Each period links to its split year by year.

Period	EarningsEarnings growth	P/EP/E change	DivsDividends	Total
1 year	+24.1%	-8.5%28.0 → 25.9	+1.2%	+16.8%
5 years	+10.6%	+0.8%25.0 → 25.9	+1.5%	+12.9%
10 years	+12.7%	+0.9%23.8 → 25.9	+1.8%	+15.4%
20 years	+6.9%	+2.1%17.4 → 25.9	+2.0%	+11.0%
30 years	+7.3%	+1.0%19.4 → 25.9	+1.9%	+10.1%

Figures are rounded, so the parts may not add to the total exactly.

Growth of SPY#

Actual level with dividends reinvested (solid); dashed lines are each window's constant-rate path from start to today.

50.01002005001995200020052010201520202025

5 years

Oct 2021 → Oct 2026

+83.0%

+12.9%/year

10 years

Oct 2016 → Oct 2026

+319.4%

+15.4%/year

20 years

Oct 2006 → Oct 2026

+704.0%

+11.0%/year

30 years

Oct 1996 → Oct 2026

+1705.7%

+10.1%/year

5 years+12.9%/year · +83.0%
10 years+15.4%/year · +319.4%
20 years+11.0%/year · +704.0%
30 years+10.1%/year · +1705.7%

Methodology#

Trailing returns measure from the closest close about N years before the latest close (2026-10-16). Cumulative return is the total change over the window; annualized return is the compound annual growth rate (CAGR), shown for windows of a year or more. Price return is the change in SPY's closing price; total return reinvests dividends (from its split- and dividend-adjusted closes); the dividends column is the difference between the two. The worst drop is the largest fall in the closing price from a high to a later low inside the window, the way a drawdown is usually quoted. The split into earnings, P/E and dividends is the arithmetic of the return drivers page: the index's level is its P/E times its earnings, so the price return is earnings growth and the change in the P/E together (shared between them by their logarithms, so the two add up), and dividends are total return less price return. Earnings are the trailing twelve-month as-reported EPS on the EPS page. See the year-by-year returns for the calendar breakdown. Past performance does not predict future returns; not investment advice.

FAQ#

What is S&P 500's 10-year return?: Over the last 10 years, the S&P 500 (proxied by SPY, dividends reinvested) returned about +15.4% a year annualized (+319.4% cumulative total return).
What is S&P 500's 20-year annualized return?: Over the last 20 years, the S&P 500 (proxied by SPY, dividends reinvested) compounded at about +11.0% a year (+704.0% cumulative).
What is S&P 500's 30-year annualized return?: Over the last 30 years, the S&P 500 (proxied by SPY, dividends reinvested) compounded at about +10.1% a year (+1705.7% cumulative).
Where did S&P 500's 20-year return come from?: Of its +11.0% a year over the last 20 years, earnings growth contributed +6.9%, the rise in its P/E from 17.4 to 25.9 +2.1%, and dividends +2.0%.
What is S&P 500's return since inception?: Since 1993, the S&P 500 (proxied by SPY, dividends reinvested) has compounded at about +10.8% a year — +3073.2% in total.