Dow Jones Historical Returns Since Inception

• Dow Jones historical returns since inception (1897).
• Dow Jones (DJIA) annual returns calculated from closing index values as on last trading day of December.
• Dow Jones (DJIA) yearly rolling return is absolute return.
• Dow Jones (DJIA) historical 5, 10 years rolling return is compound return (CAGR).

Dow Jones Yearly Returns

Year	Dow Jones	Yearly Returns
1897	49
1898	61	22%
1899	66	9%
1900	71	8%
1901	65	-9%
1902	64	-0.4%
1903	49	-24%
1904	70	43%
1905	97	38%
1906	94	-2%
1907	59	-38%
1908	86	47%
1909	99	15%
1910	81	-18%
1911	82	0%
1912	88	8%
1913	79	-10%
1914	55	-31%
1915	99	82%
1916	95	-4%
1917	74	-22%
1918	82	11%
1919	107	30%
1920	72	-33%
1921	81	12%
1922	98	21%
1923	96	-3%
1924	121	26%
1925	157	30%
1926	157	0%
1927	201	28%
1928	300	49%
1929	248	-17%
1930	165	-34%
1931	78	-53%
1932	60	-23%
1933	99	64%
1934	104	5%
1935	144	39%
1936	180	25%
1937	121	-33%
1938	154	28%
1939	150	-3%
1940	131	-13%
1941	111	-15%
1942	119	8%
1943	136	14%
1944	152	12%
1945	193	27%
1946	177	-8%
1947	181	2%
1948	177	-2%
1949	201	13%
1950	235	17%
1951	269	14%
1952	292	8%
1953	281	-4%
1954	404	44%
1955	488	21%
1956	499	2%
1957	436	-13%
1958	584	34%
1959	679	16%
1960	616	-9%
1961	731	19%
1962	652	-11%
1963	763	17%
1964	874	15%
1965	969	11%
1966	786	-19%
1967	905	15%
1968	944	4%
1969	800	-15%
1970	839	5%
1971	890	6%
1972	1,020	15%
1973	851	-17%
1974	616	-28%
1975	852	38%
1976	1,005	18%
1977	831	-17%
1978	805	-3%
1979	839	4%
1980	964	15%
1981	875	-9%
1982	1,047	20%
1983	1,259	20%
1984	1,212	-4%
1985	1,547	28%
1986	1,896	23%
1987	1,939	2%
1988	2,169	12%
1989	2,753	27%
1990	2,634	-4%
1991	3,169	20%
1992	3,301	4%
1993	3,754	14%
1994	3,834	2%
1995	5,117	33%
1996	6,448	26%
1997	7,908	23%
1998	9,181	16%
1999	11,497	25%
2000	10,787	-6%
2001	10,022	-7%
2002	8,342	-17%
2003	10,454	25%
2004	10,783	3%
2005	10,718	-1%
2006	12,463	16%
2007	13,265	6%
2008	8,776	-34%
2009	10,428	19%
2010	11,578	11%
2011	12,218	6%
2012	13,104	7%
2013	16,577	26%
2014	17,823	8%
2015	17,425	-2%
2016	19,763	13%
2017	24,719	25%
2018	23,327	-6%

Dow Jones 5 Year Returns

Year	Dow Jones	5 Years Return
1897	49
1898	61
1899	66
1900	71
1901	65
1902	64	5%
1903	49	-4%
1904	70	1%
1905	97	6%
1906	94	8%
1907	59	-2%
1908	86	12%
1909	99	7%
1910	81	-3%
1911	82	-3%
1912	88	8%
1913	79	-2%
1914	55	-11%
1915	99	4%
1916	95	3%
1917	74	-3%
1918	82	1%
1919	107	14%
1920	72	-6%
1921	81	-3%
1922	98	6%
1923	96	3%
1924	121	2%
1925	157	17%
1926	157	14%
1927	201	15%
1928	300	26%
1929	248	16%
1930	165	1%
1931	78	-13%
1932	60	-21%
1933	99	-20%
1934	104	-16%
1935	144	-3%
1936	180	18%
1937	121	15%
1938	154	9%
1939	150	8%
1940	131	-2%
1941	111	-9%
1942	119	-0.2%
1943	136	-3%
1944	152	0.3%
1945	193	8%
1946	177	10%
1947	181	9%
1948	177	5%
1949	201	6%
1950	235	4%
1951	269	9%
1952	292	10%
1953	281	10%
1954	404	15%
1955	488	16%
1956	499	13%
1957	436	8%
1958	584	16%
1959	679	11%
1960	616	5%
1961	731	8%
1962	652	8%
1963	763	6%
1964	874	5%
1965	969	9%
1966	786	1%
1967	905	7%
1968	944	4%
1969	800	-2%
1970	839	-3%
1971	890	3%
1972	1,020	2%
1973	851	-2%
1974	616	-5%
1975	852	0.3%
1976	1,005	2%
1977	831	-4%
1978	805	-1%
1979	839	6%
1980	964	2%
1981	875	-3%
1982	1,047	5%
1983	1,259	9%
1984	1,212	8%
1985	1,547	10%
1986	1,896	17%
1987	1,939	13%
1988	2,169	11%
1989	2,753	18%
1990	2,634	11%
1991	3,169	11%
1992	3,301	11%
1993	3,754	12%
1994	3,834	7%
1995	5,117	14%
1996	6,448	15%
1997	7,908	19%
1998	9,181	20%
1999	11,497	25%
2000	10,787	16%
2001	10,022	9%
2002	8,342	1%
2003	10,454	3%
2004	10,783	-1%
2005	10,718	-0.1%
2006	12,463	4%
2007	13,265	10%
2008	8,776	-3%
2009	10,428	-1%
2010	11,578	2%
2011	12,218	-0.4%
2012	13,104	-0.2%
2013	16,577	14%
2014	17,823	11%
2015	17,425	9%
2016	19,763	10%
2017	24,719	14%
2018	23,327	7%

Dow Jones 10 Year Returns

Year	Dow Jones	10 Years Return
1897	49
1898	61
1899	66
1900	71
1901	65
1902	64
1903	49
1904	70
1905	97
1906	94
1907	59	2%
1908	86	4%
1909	99	4%
1910	81	1%
1911	82	2%
1912	88	3%
1913	79	5%
1914	55	-2%
1915	99	0.3%
1916	95	0.1%
1917	74	2%
1918	82	-0.5%
1919	107	1%
1920	72	-1%
1921	81	-0.1%
1922	98	1%
1923	96	2%
1924	121	8%
1925	157	5%
1926	157	5%
1927	201	10%
1928	300	14%
1929	248	9%
1930	165	9%
1931	78	-0.4%
1932	60	-5%
1933	99	0.3%
1934	104	-1%
1935	144	-1%
1936	180	1%
1937	121	-5%
1938	154	-6%
1939	150	-5%
1940	131	-2%
1941	111	4%
1942	119	7%
1943	136	3%
1944	152	4%
1945	193	3%
1946	177	-0.2%
1947	181	4%
1948	177	1%
1949	201	3%
1950	235	6%
1951	269	9%
1952	292	9%
1953	281	8%
1954	404	10%
1955	488	10%
1956	499	11%
1957	436	9%
1958	584	13%
1959	679	13%
1960	616	10%
1961	731	11%
1962	652	8%
1963	763	11%
1964	874	8%
1965	969	7%
1966	786	5%
1967	905	8%
1968	944	5%
1969	800	2%
1970	839	3%
1971	890	2%
1972	1,020	5%
1973	851	1%
1974	616	-3%
1975	852	-1%
1976	1,005	2%
1977	831	-1%
1978	805	-2%
1979	839	0.5%
1980	964	1%
1981	875	-0.2%
1982	1,047	0.3%
1983	1,259	4%
1984	1,212	7%
1985	1,547	6%
1986	1,896	7%
1987	1,939	9%
1988	2,169	10%
1989	2,753	13%
1990	2,634	11%
1991	3,169	14%
1992	3,301	12%
1993	3,754	12%
1994	3,834	12%
1995	5,117	13%
1996	6,448	13%
1997	7,908	15%
1998	9,181	16%
1999	11,497	15%
2000	10,787	15%
2001	10,022	12%
2002	8,342	10%
2003	10,454	11%
2004	10,783	11%
2005	10,718	8%
2006	12,463	7%
2007	13,265	5%
2008	8,776	-0.5%
2009	10,428	-1%
2010	11,578	1%
2011	12,218	2%
2012	13,104	5%
2013	16,577	5%
2014	17,823	5%
2015	17,425	5%
2016	19,763	5%
2017	24,719	6%
2018	23,327	10%

Warren Buffett
The Dow Jones Industrials advanced from 66 to 11,497 in the 20th Century, a staggering 17,320% increase that materialized despite four costly wars, a Great Depression and many recessions.

And don’t forget that shareholders received substantial dividends throughout the century as well.