Coolidge
Calvin Coolidge
30th U.S. President
August 1923 – March 1929
Cumulative Return through the Presidency:
+199%
$10,000 --> $29,893
Hoover
Herbert Hoover
31st U.S. President
March 1929 – March 1933
Cumulative Return through the Presidency:
$10,000 --> $2,733
-73%
Franklin D. Roosevelt
32nd U.S. President
March 1933 – April 1945
Cumulative Return through the Presidency:
$10,000 --> $45,217
+352%
Roosevelt
Truman
Eisenhower
Kennedy
Johnson
Nixon
Ford
Carter
Reagan
Bush Sr.
Clinton
Bush
Obama
Trump
Biden
Harry S. Truman
33rd U.S. President
April 1945 – January 1953
Cumulative Return through the Presidency:
$10,000 --> $30,343
+203%
Dwight D. Eisenhower
34th U.S. President
January 1953 – January 1961
Cumulative Return through the Presidency:
$10,000 --> $30,352
+204%
John F. Kennedy
35th U.S. President
January 1961 – November 1963
Cumulative Return through the Presidency:
$10,000 --> $13,929
+39%
Lyndon B. Johnson
36th U.S. President
November 1963 – January 1969
Cumulative Return through the Presidency:
$10,000 --> $16,474
+65%
Richard Nixon
37th U.S. President
January 1969 – August 1974
Cumulative Return through the Presidency:
$10,000 --> $9,172
-8%
Gerald Ford
38th U.S. President
August 1974 – January 1977
Cumulative Return through the Presidency:
$10,000 --> $14,993
+50%
Jimmy Carter
39th U.S. President
January 1977 – January 1981
Cumulative Return through the Presidency:
$10,000 --> $15,431
+54%
Ronald Reagan
40th U.S. President
January 1981 – January 1989
Cumulative Return through the Presidency:
$10,000 --> $29,666
+197%
George H. W. Bush
41st U.S. President
January 1989 – January 1993
Cumulative Return through the Presidency:
$10,000 --> $17,268
+73%
Bill Clinton
42nd U.S. President
January 1993 – January 2001
Cumulative Return through the Presidency:
$10,000 --> $36,378
+264%
George W. Bush
43rd U.S. President
January 2001 – January 2009
Cumulative Return through the Presidency:
$10,000 --> $6,936
-31%
Barack Obama
44th U.S. President
January 2009 – January 2017
Cumulative Return through the Presidency:
$10,000 --> $33,507
+235%
Donald Trump
45th U.S. President
January 2017 – January 2021
Cumulative Return through the Presidency:
$10,000 --> $18,328
+83%
Joe Biden
46th U.S. President
January 2021 – present
Cumulative Return through the Presidency:
$10,000 --> $12,391
+24%
1930
1935
1940
1945
1950
1955
1960
1965
1970
1975
1980
1985
1990
1995
2000
2005
2015
2020
$1
$10
$100
$1,000
$10,000
$100,000
$14,005
Click a President's Name for
Returns During Their Presidency
Source: Global Financial Data as of 08/15/2023; S&P 500 Total Return Index from 12/31/1928 – 07/31/2023. Presented in US dollars.
Avg. Returns -
Republican Presidencies
Avg. Returns -
Democratic Presidencies
9.0%
15.2%
Hypothetical Growth of $1 Invested in the S&P 500, January 1925 – July 2023
8.3%
16.0%
14.3%
14.6%
-5.2%
-0.5%
17.2%
17.2%
15.7%
17.6%
10.7%
11.5%
1.5%
6.7%
8.6%
13.4%
9.5%
20.6%
22.8%
8.5%
12.6%
-6.4%
30.7%
-23.2%
2021 - Jul 2023: Biden
2017 - 2020: Trump
2013 - 2016: Obama
2009 - 2012: Obama
2005 - 2008: Bush
2001 - 2004: Bush
1997 - 2000: Clinton
1993 - 1996: Clinton
1989 - 1992: Bush Sr.
1985 - 1988: Reagan
1981 - 1984: Reagan
1977 - 1980: Carter
1973 - 1976: Nixon/Ford
1969 - 1972: Nixon
1965 - 1968: Johnson
1961 - 1964: Kennedy
1957 - 1960: Eisenhower
1953 - 1956: Eisenhower
1949 - 1952: Truman
1945 - 1948: Roosevelt
1941 - 1944: Roosevelt
1937 - 1940: Roosevelt
1933 - 1936: Roosevelt
1929 - 1932: Hoover
Annualized Returns During Presidential Terms
Avg. Returns - Democrat Presidencies
15.2%
In our view, the difference between these average returns appears largely due to economic and market factors outside any president’s control.
