Avg. Returns -
Republican Presidencies
Avg. Returns -
Democratic Presidencies
9.0%
15.4%
10.0%
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 - Dec 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
In our view, the difference between these average returns appears largely due to economic and market factors outside any president’s control.
