Analytics · Asset Returns

Everything, priced in Bitcoin.

Annual total returns of the major asset classes — denominated in Bitcoin, year by year. Green means it beat Bitcoin; red means it didn't.

Preview. Annual USD returns are provisional and being verified against authoritative sources; the Bitcoin denominator uses real year-end prices. Not yet linked publicly.

Asset	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	Cumulative	CAGR
StrategyMSTR	+193.4%	−34.5%	−42.0%	−89.9%	+119.1%	−35.0%	−51.6%	−6.1%	−27.2%	+74.6%	+109.1%	−81%	−13.9%
Nasdaq 100QQQ	+179.7%	−18.5%	−52.2%	−89.9%	+236.7%	−27.8%	−63.1%	−20.2%	+88.6%	−39.4%	−42.9%	−95%	−23.6%
S&P 500SPY	+166.4%	−24.7%	−50.0%	−90.7%	+221.9%	−31.8%	−70.6%	−19.4%	+128.9%	−50.6%	−43.2%	−97%	−27.1%
Dividend StocksSCHD	+160.5%	−27.8%	−48.0%	−90.8%	+218.2%	−33.9%	−71.4%	−18.6%	+170.9%	−59.0%	−49.4%	−98%	−28.6%
Private EquityPSP	+146.4%	−31.5%	−49.1%	−89.7%	+183.1%	−32.4%	−73.9%	−13.6%	+109.9%	−49.1%	−48.2%	−98%	−29.6%
US REITsVNQ	+206.0%	−23.8%	−51.6%	−92.0%	+216.8%	−33.0%	−76.4%	−12.0%	+106.5%	−56.2%	−49.9%	−98%	−30.6%
GoldGLD	+130.7%	−33.5%	−51.8%	−91.4%	+230.6%	−38.7%	−69.0%	−39.9%	+177.6%	−55.9%	−42.4%	−98%	−31.0%
International StocksVXUS	+125.3%	−29.0%	−53.2%	−90.3%	+188.5%	−36.8%	−72.5%	−32.0%	+135.1%	−54.7%	−52.2%	−99%	−32.8%
High Yield BondsHYG	+139.1%	−29.3%	−49.4%	−91.9%	+230.3%	−40.7%	−74.1%	−35.0%	+149.1%	−56.3%	−50.9%	−99%	−33.0%
Intl REITsVNQI	+141.7%	−26.0%	−54.5%	−90.9%	+212.1%	−36.6%	−77.1%	−23.6%	+112.7%	−57.7%	−51.1%	−99%	−33.5%
Total BondsBND	+148.5%	−25.1%	−54.2%	−92.1%	+236.7%	−43.5%	−73.3%	−38.6%	+143.2%	−58.7%	−53.9%	−99%	−34.4%
CashBIL	+134.7%	−25.5%	−55.2%	−92.3%	+243.1%	−46.9%	−75.1%	−37.4%	+183.8%	−58.9%	−52.2%	−99%	−34.5%
Long TreasuriesTLT	+198.8%	−26.9%	−54.8%	−91.7%	+231.7%	−40.7%	−70.7%	−40.3%	+92.5%	−59.8%	−58.2%	−99%	−34.7%
CommoditiesDBC	+71.3%	−46.1%	−47.0%	−92.0%	+198.0%	−41.9%	−77.1%	−11.4%	+233.9%	−63.9%	−47.6%	−99%	−35.1%

Green = beat Bitcoin that year · Red = lost to Bitcoin. Returns are each asset's total return denominated in BTC.

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Asset

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

Cumulative

CAGR

StrategyMSTR

+193.4%

−34.5%

−42.0%

−89.9%

+119.1%

−35.0%

−51.6%

−6.1%

−27.2%

+74.6%

+109.1%

−81%

−13.9%

Nasdaq 100QQQ

+179.7%

−18.5%

−52.2%

−89.9%

+236.7%

−27.8%

−63.1%

−20.2%

+88.6%

−39.4%

−42.9%

−95%

−23.6%

S&P 500SPY

+166.4%

−24.7%

−50.0%

−90.7%

+221.9%

−31.8%

−70.6%

−19.4%

+128.9%

−50.6%

−43.2%

−97%

−27.1%

Dividend StocksSCHD

+160.5%

−27.8%

−48.0%

−90.8%

+218.2%

−33.9%

−71.4%

−18.6%

+170.9%

−59.0%

−49.4%

−98%

−28.6%

Private EquityPSP

+146.4%

−31.5%

−49.1%

−89.7%

+183.1%

−32.4%

−73.9%

−13.6%

+109.9%

−49.1%

−48.2%

−98%

−29.6%

US REITsVNQ

+206.0%

−23.8%

−51.6%

−92.0%

+216.8%

−33.0%

−76.4%

−12.0%

+106.5%

−56.2%

−49.9%

−98%

−30.6%

GoldGLD

+130.7%

−33.5%

−51.8%

−91.4%

+230.6%

−38.7%

−69.0%

−39.9%

+177.6%

−55.9%

−42.4%

−98%

−31.0%

International StocksVXUS

+125.3%

−29.0%

−53.2%

−90.3%

+188.5%

−36.8%

−72.5%

−32.0%

+135.1%

−54.7%

−52.2%

−99%

−32.8%

High Yield BondsHYG

+139.1%

−29.3%

−49.4%

−91.9%

+230.3%

−40.7%

−74.1%

−35.0%

+149.1%

−56.3%

−50.9%

−99%

−33.0%

Intl REITsVNQI

+141.7%

−26.0%

−54.5%

−90.9%

+212.1%

−36.6%

−77.1%

−23.6%

+112.7%

−57.7%

−51.1%

−99%

−33.5%

Total BondsBND

+148.5%

−25.1%

−54.2%

−92.1%

+236.7%

−43.5%

−73.3%

−38.6%

+143.2%

−58.7%

−53.9%

−99%

−34.4%

CashBIL

+134.7%

−25.5%

−55.2%

−92.3%

+243.1%

−46.9%

−75.1%

−37.4%

+183.8%

−58.9%

−52.2%

−99%

−34.5%

Long TreasuriesTLT

+198.8%

−26.9%

−54.8%

−91.7%

+231.7%

−40.7%

−70.7%

−40.3%

+92.5%

−59.8%

−58.2%

−99%

−34.7%

CommoditiesDBC

+71.3%

−46.1%

−47.0%

−92.0%

+198.0%

−41.9%

−77.1%

−11.4%

+233.9%

−63.9%

−47.6%

−99%

−35.1%