By Axios | Created at 2024-10-01 11:49:31 | Updated at 2024-10-02 00:42:03
13 hours ago
Data: YCharts; Chart: Axios Visuals
A year ago, the 30-year return for the S&P 500 was 834%, which is to say it rose just over ninefold between the end of Q3 1993 and the end of Q3 2023.
- Today, the index's 30-year return is 1,135% — it's risen more than twelvefold in the past 30 years, and currently stands at an all-time high.
Why it matters: The stock market has been on a tear of late — up 34% over the past year and up 20% year to date.
- That's the best stock-market performance in the first three quarters since 1997, and it's boosted total returns over pretty much any time horizon.
By the numbers: On an annualized basis, the S&P 500 is up 8.8% per year over 30 years, 11.3% over 10 years, and 28.7% over the past three quarters.
The bottom line: No matter what their holding period, passive investors should be extremely happy with their performance to date.
