지수 · S&P 500 · 1871년 1월부터 월별
1871년 이후 S&P 500 역사
150년에 걸친 미국 주식을 한곳에: 지수, 배당이 더한 수익, 20% 이상 하락한 모든 시기, 연도별·월별 수익률, 실러 PER로 본 밸류에이션. 모든 수치는 미국 인플레이션을 반영한 값으로도 볼 수 있습니다.
1월 1871부터 S&P 500에 투자한 $1, 배당 재투자
×119만연 +9.4%
일별 종가의 월평균, 로버트 실러의 데이터. 수수료와 세금은 반영하지 않았습니다.
S&P 500 · 10월 2026
7,723
최고 기록 수준
일별 종가의 월평균이며, 최근 월은 잠정치입니다. 최고 기록: 7,723(10월 2026).
지수만, 1월 1871부터
×1,739연 +4.9%
최대 하락폭
−84.8%
9월 1929 → 6월 1932; 25년 만에 9월 1954에 최고 기록 회복
실러 PER(CAPE) · 10월 2026
40.7
평균 17.8
1881 이후의 평균. 주가를 10년 치 이익으로 나눈 값이며, 둘 다 물가상승을 반영합니다.
타임머신
1929년 9월의 고점에 S&P 500에 투입한 $1,000의 오늘 가치는 얼마일까요? 배당과 물가상승을 반영한 값을 타임머신에서 원하는 날짜로 계산해 볼 수 있습니다.
타임머신 열기수익의 대부분은 배당이 만들었습니다1871년 1월 이후 지수는 ×1,739 올랐습니다(연 4.9%). 배당을 재투자하면 $1의 가치는 $119만(연 9.4%), 물가상승 반영 시 $4.42만(연 7.1%)입니다.
20% 이상 하락 13회가장 깊었던 하락: 1929년 9월부터 1932년 6월까지 84.8%; 지수가 이전 최고치를 회복한 것은 1954년 9월에야 이뤄졌습니다. 가장 최근: 2021–2022(20.3%).
물가상승 반영 시 회복까지 23.1 년1968년 12월부터 1982년 7월까지 지수는 실질 기준으로 62.6% 하락했고, 1992년 1월에야 그 고점을 되찾았습니다. 시세 그대로의 달러 기준으로는 1972년 3월에 이미 그 위로 올라섰습니다.
실러 PER 40.72026년 10월의 경기조정 PER(CAPE): 40.7, 1881 이후 평균은 17.8. 이보다 높았던 때는 1999–2000 및 2026뿐이며, 최고치는 1999년 12월의 44.2입니다.
가격 차트
월별 지수입니다. “배당 포함”은 배당을 재투자했을 때 $1이 어떻게 되었는지(총수익 지수)를 지수만의 값과 나란히 보여 줍니다. “물가상승 반영”을 켜면 모든 값이 10월 2026 달러 기준이 됩니다.
S&P 500 지수
20% 이상 하락
1871년 이후 월평균이 최고 기록보다 20% 이상 낮아진 것은 13번입니다(물가상승 반영 시 12번). 월평균은 짧은 폭락을 완만하게 보여 줍니다. 2020년 3월은 최고 기록보다 19.1% 낮아, 이 표에 들어가기에는 조금 모자랍니다.
최고 기록 대비
| 고점 | 고점 수준 | 저점 | 저점 수준 | 하락폭 | 하락 기간 | 최고 기록 회복 |
|---|---|---|---|---|---|---|
| 4월 1872 | 5.18 | 6월 1877 | 2.73 | −47.3% | 5.2 년 | 2월 18807.8 년 후 |
| 6월 1881 | 6.58 | 8월 1896 | 3.81 | −42.1% | 15.2 년 | 12월 190019.5 년 후 |
| 9월 1902 | 8.85 | 10월 1903 | 6.26 | −29.3% | 13개월 | 3월 19052.5 년 후 |
| 9월 1906 | 10.03 | 11월 1907 | 6.25 | −37.7% | 14개월 | 8월 19092.9 년 후 |
| 12월 1909 | 10.30 | 8월 1921 | 6.45 | −37.4% | 11.7 년 | 1월 192515.1 년 후 |
| 9월 1929 | 31.30 | 6월 1932 | 4.77 | −84.8% | 2.8 년 | 9월 195425년 후 |
| 12월 1961 | 71.74 | 6월 1962 | 55.63 | −22.5% | 6개월 | 9월 196321개월 후 |
| 12월 1968 | 106 | 6월 1970 | 75.59 | −29.0% | 18개월 | 3월 19723.2 년 후 |
| 1월 1973 | 118 | 12월 1974 | 67.07 | −43.4% | 23개월 | 7월 19807.5 년 후 |
| 8월 1987 | 329 | 12월 1987 | 241 | −26.8% | 4개월 | 7월 198923개월 후 |
| 8월 2000 | 1,485 | 2월 2003 | 837 | −43.7% | 2.5 년 | 5월 20076.8 년 후 |
| 10월 2007 | 1,540 | 3월 2009 | 757 | −50.8% | 17개월 | 3월 20135.4 년 후 |
| 12월 2021 | 4,675 | 10월 2022 | 3,726 | −20.3% | 10개월 | 12월 20232년 후 |
고점과 저점은 일별 종가의 월평균이므로 실제 하루 값은 그보다 더 높거나 낮았습니다. 평균이 최고 기록을 넘는 첫 달에 최고 기록을 회복한 것으로 봅니다. “물가상승 반영”을 켜면 표를 오늘의 달러 기준으로 다시 계산합니다. 데이터: Robert J. Shiller, 예일대학교 · 인플레이션: 미국 CPI, 실러의 데이터.
달력 연도별 수익률
배당을 재투자했으며, 한 해 12월 평균에서 다음 해 12월 평균까지의 값이어서 흔히 인용하는 연말 수치와는 조금 다릅니다. 빨간 막대는 손실입니다.
배당 포함
| 연도 | 12월 평균 | 지수만 | 배당 포함 | 소비자물가 |
|---|---|---|---|---|
| 2026* | 7,723 | +12.7% | +13.7% | +3.6% |
| 2025 | 6,853 | +14.0% | +15.4% | +2.7% |
| 2024 | 6,011 | +28.3% | +30.0% | +2.9% |
| 2023 | 4,685 | +19.7% | +21.7% | +3.4% |
| 2022 | 3,912 | −16.3% | −15.0% | +6.5% |
| 2021 | 4,675 | +26.5% | +28.3% | +7.0% |
| 2020 | 3,695 | +16.3% | +18.5% | +1.4% |
| 2019 | 3,177 | +23.7% | +26.2% | +2.3% |
| 2018 | 2,567 | −3.6% | −1.8% | +1.9% |
| 2017 | 2,664 | +18.6% | +20.9% | +2.1% |
| 2016 | 2,247 | +9.4% | +11.7% | +2.1% |
| 2015 | 2,054 | −0.0% | +2.0% | +0.7% |
| 2014 | 2,054 | +13.6% | +15.9% | +0.8% |
| 2013 | 1,808 | +27.1% | +29.7% | +1.5% |
| 2012 | 1,422 | +14.4% | +16.8% | +1.7% |
| 2011 | 1,243 | +0.1% | +2.1% | +3.0% |
| 2010 | 1,242 | +11.8% | +14.0% | +1.5% |
| 2009 | 1,110 | +26.5% | +30.0% | +2.7% |
| 2008 | 878 | −40.7% | −39.2% | +0.1% |
| 2007 | 1,479 | +4.4% | +6.3% | +4.1% |
| 2006 | 1,416 | +12.2% | +14.3% | +2.5% |
| 2005 | 1,262 | +5.2% | +7.1% | +3.4% |
| 2004 | 1,199 | +11.0% | +12.8% | +3.3% |
| 2003 | 1,081 | +20.2% | +22.3% | +1.9% |
| 2002 | 899 | −21.5% | −20.2% | +2.4% |
| 2001 | 1,145 | −14.0% | −12.8% | +1.6% |
| 2000 | 1,331 | −6.8% | −5.8% | +3.4% |
| 1999 | 1,429 | +20.1% | +21.6% | +2.7% |
| 1998 | 1,190 | +23.7% | +25.5% | +1.6% |
| 1997 | 962 | +29.5% | +31.8% | +1.7% |
이전 연도, 1871–1996
| 연도 | 12월 평균 | 지수만 | 배당 포함 | 소비자물가 |
|---|---|---|---|---|
| 1996 | 743 | +20.9% | +23.6% | +3.3% |
| 1995 | 615 | +35.0% | +38.4% | +2.5% |
| 1994 | 455 | −2.3% | +0.5% | +2.7% |
| 1993 | 466 | +7.0% | +10.0% | +2.7% |
| 1992 | 436 | +12.1% | +15.5% | +2.9% |
| 1991 | 389 | +18.2% | +22.1% | +3.1% |
| 1990 | 329 | −5.7% | −2.4% | +6.1% |
| 1989 | 349 | +26.1% | +30.2% | +4.6% |
| 1988 | 276 | +14.7% | +18.8% | +4.4% |
| 1987 | 241 | −3.1% | −0.1% | +4.4% |
| 1986 | 249 | +19.9% | +24.1% | +1.1% |
| 1985 | 207 | +26.0% | +31.4% | +3.8% |
| 1984 | 164 | +0.1% | +4.7% | +3.9% |
| 1983 | 164 | +17.9% | +23.2% | +3.8% |
| 1982 | 139 | +12.6% | +19.2% | +3.8% |
| 1981 | 124 | −7.3% | −2.5% | +8.9% |
| 1980 | 134 | +23.8% | +30.2% | +12.5% |
| 1979 | 108 | +12.2% | +18.2% | +13.3% |
| 1978 | 96.11 | +2.4% | +7.8% | +9.0% |
| 1977 | 93.82 | −10.4% | −6.3% | +6.7% |
| 1976 | 105 | +18.0% | +22.5% | +4.9% |
| 1975 | 88.70 | +32.2% | +38.0% | +6.9% |
| 1974 | 67.07 | −29.2% | −26.1% | +12.3% |
| 1973 | 94.78 | −19.3% | −16.9% | +8.7% |
| 1972 | 118 | +18.5% | +21.9% | +3.4% |
| 1971 | 99.17 | +10.1% | +13.7% | +3.3% |
| 1970 | 90.05 | −1.2% | +2.7% | +5.6% |
| 1969 | 91.11 | −14.5% | −11.7% | +6.2% |
| 1968 | 106 | +11.8% | +15.2% | +4.7% |
| 1967 | 95.30 | +17.2% | +20.9% | +3.0% |
| 1966 | 81.33 | −11.3% | −8.3% | +3.5% |
| 1965 | 91.73 | +9.3% | +12.5% | +1.9% |
| 1964 | 83.96 | +13.2% | +16.6% | +1.0% |
| 1963 | 74.17 | +18.4% | +22.2% | +1.6% |
| 1962 | 62.64 | −12.7% | −9.7% | +1.3% |
| 1961 | 71.74 | +26.3% | +30.1% | +0.7% |
| 1960 | 56.80 | −3.8% | −0.4% | +1.4% |
| 1959 | 59.06 | +10.4% | +13.9% | +1.7% |
| 1958 | 53.49 | +32.6% | +37.8% | +1.8% |
| 1957 | 40.33 | −13.2% | −9.7% | +2.9% |
| 1956 | 46.44 | +2.4% | +6.3% | +3.0% |
| 1955 | 45.37 | +29.7% | +35.0% | +0.4% |
| 1954 | 34.97 | +40.8% | +48.1% | −0.7% |
| 1953 | 24.83 | −4.6% | +1.0% | +0.7% |
| 1952 | 26.04 | +11.2% | +17.9% | +0.8% |
| 1951 | 23.41 | +18.5% | +26.8% | +6.0% |
| 1950 | 19.75 | +19.4% | +27.9% | +5.9% |
| 1949 | 16.54 | +8.9% | +16.5% | −2.1% |
| 1948 | 15.19 | +1.1% | +6.9% | +3.0% |
| 1947 | 15.03 | −0.7% | +4.5% | +8.8% |
| 1946 | 15.13 | −12.7% | −9.1% | +18.1% |
| 1945 | 17.33 | +32.3% | +38.1% | +2.2% |
| 1944 | 13.10 | +14.1% | +20.0% | +2.3% |
| 1943 | 11.48 | +20.6% | +27.0% | +3.0% |
| 1942 | 9.52 | +8.7% | +17.2% | +9.0% |
| 1941 | 8.76 | −16.8% | −10.7% | +9.9% |
| 1940 | 10.53 | −14.9% | −9.7% | +0.7% |
| 1939 | 12.37 | −2.5% | +2.0% | 0.0% |
| 1938 | 12.69 | +15.2% | +22.5% | −2.8% |
| 1937 | 11.02 | −35.4% | −31.9% | +2.9% |
| 1936 | 17.06 | +30.8% | +35.8% | +1.4% |
| 1935 | 13.04 | +40.8% | +47.0% | +3.0% |
| 1934 | 9.26 | −7.1% | −2.8% | +1.5% |
| 1933 | 9.97 | +46.2% | +54.4% | +0.8% |
| 1932 | 6.82 | −19.2% | −11.0% | −10.3% |
| 1931 | 8.44 | −45.6% | −41.8% | −9.3% |
| 1930 | 15.51 | −27.5% | −24.0% | −6.4% |
| 1929 | 21.40 | −7.6% | −4.2% | +0.6% |
| 1928 | 23.15 | +32.6% | +38.1% | −1.2% |
| 1927 | 17.46 | +29.4% | +35.8% | −2.3% |
| 1926 | 13.49 | +8.3% | +14.0% | −1.1% |
| 1925 | 12.46 | +22.6% | +29.2% | +3.5% |
| 1924 | 10.16 | +18.8% | +26.1% | 0.0% |
| 1923 | 8.55 | −2.6% | +3.5% | +2.4% |
| 1922 | 8.78 | +20.1% | +27.3% | −2.3% |
| 1921 | 7.31 | +7.3% | +15.2% | −10.8% |
| 1920 | 6.81 | −23.7% | −18.5% | +2.6% |
| 1919 | 8.92 | +12.9% | +20.2% | +14.5% |
| 1918 | 7.90 | +16.2% | +26.2% | +20.4% |
| 1917 | 6.80 | −30.6% | −25.2% | +18.1% |
| 1916 | 9.80 | +3.4% | +9.0% | +12.6% |
| 1915 | 9.48 | +29.0% | +35.8% | +2.0% |
| 1914 | 7.35 | −8.6% | −3.3% | +1.0% |
| 1913 | 8.04 | −14.3% | −9.3% | +3.0% |
| 1912 | 9.38 | +3.0% | +8.2% | +7.4% |
| 1911 | 9.11 | +0.7% | +5.9% | −2.1% |
| 1910 | 9.05 | −12.1% | −7.7% | −7.6% |
| 1909 | 10.30 | +14.1% | +19.1% | +10.5% |
| 1908 | 9.03 | +37.4% | +45.1% | +3.3% |
| 1907 | 6.57 | −33.2% | −29.5% | −2.1% |
| 1906 | 9.84 | +3.1% | +7.2% | +5.6% |
| 1905 | 9.54 | +15.6% | +19.8% | 0.0% |
| 1904 | 8.25 | +25.6% | +31.6% | +4.7% |
| 1903 | 6.57 | −18.4% | −14.4% | −5.6% |
| 1902 | 8.05 | +1.3% | +5.2% | +7.1% |
| 1901 | 7.95 | +15.7% | +20.4% | +5.0% |
| 1900 | 6.87 | +14.1% | +19.0% | −3.6% |
| 1899 | 6.02 | +6.5% | +10.1% | +16.9% |
| 1898 | 5.65 | +18.9% | +23.5% | +1.4% |
| 1897 | 4.75 | +12.6% | +17.2% | 0.0% |
| 1896 | 4.22 | −2.3% | +2.0% | −1.4% |
| 1895 | 4.32 | +0.5% | +5.0% | +2.9% |
| 1894 | 4.30 | −2.5% | +2.7% | −6.8% |
| 1893 | 4.41 | −20.0% | −15.7% | −7.5% |
| 1892 | 5.51 | +1.8% | +6.2% | +1.3% |
| 1891 | 5.41 | +17.6% | +22.9% | −4.8% |
| 1890 | 4.60 | −13.5% | −9.8% | +1.2% |
| 1889 | 5.32 | +3.5% | +8.0% | −5.7% |
| 1888 | 5.14 | −2.5% | +2.1% | 0.0% |
| 1887 | 5.27 | −6.6% | −2.5% | +6.1% |
| 1886 | 5.64 | +8.5% | +13.2% | −4.7% |
| 1885 | 5.20 | +19.8% | +27.2% | −1.1% |
| 1884 | 4.34 | −18.7% | −13.1% | −10.3% |
| 1883 | 5.34 | −8.6% | −3.1% | −7.6% |
| 1882 | 5.84 | −2.8% | +2.6% | −1.9% |
| 1881 | 6.01 | +2.9% | +7.8% | +7.0% |
| 1880 | 5.84 | +18.7% | +24.1% | −2.0% |
| 1879 | 4.92 | +42.6% | +49.4% | +18.6% |
| 1878 | 3.45 | +6.2% | +12.1% | −14.0% |
| 1877 | 3.25 | −9.2% | −2.0% | −11.5% |
| 1876 | 3.58 | −18.1% | −11.8% | −1.7% |
| 1875 | 4.37 | −3.7% | +3.3% | −5.0% |
| 1874 | 4.54 | +2.7% | +10.4% | −5.5% |
| 1873 | 4.42 | −12.8% | −6.9% | −5.9% |
| 1872 | 5.07 | +7.0% | +13.1% | +2.3% |
| 1871* | 4.74 | +6.8% | +12.3% | +1.5% |
* 1871년은 1월 1871부터, 2026년은 10월 2026까지입니다. 소비자물가: 12월부터 12월까지의 미국 CPI로, 해마다 수익률이 넘어서야 했던 인플레이션입니다.
월별 수익률
배당을 재투자했을 때 S&P 500은 1869개월 중 1179개월에 상승했습니다(63%). 최고의 달은 1932년 8월(+51.3%), 최악의 달은 1929년 11월(−26.2%)입니다.
| 연도 | 1월 | 2월 | 3월 | 4월 | 5월 | 6월 | 7월 | 8월 | 9월 | 10월 | 11월 | 12월 | 연간 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.2% | −0.4% | −3.4% | +4.6% | +6.6% | +0.6% | +0.5% | +3.2% | −0.5% | +0.8% | +13.7%* | ||
| 2025 | −0.4% | +1.1% | −5.8% | −5.4% | +8.3% | +3.9% | +4.5% | +1.9% | +2.8% | +2.4% | +0.2% | +1.8% | +15.4% |
| 2024 | +2.9% | +4.2% | +3.3% | −1.0% | +2.5% | +3.6% | +2.4% | −1.0% | +2.7% | +3.2% | +2.5% | +1.5% | +30.0% |
| 2023 | +1.4% | +3.1% | −2.6% | +4.0% | +0.7% | +4.9% | +3.9% | −1.0% | −1.0% | −3.0% | +4.6% | +5.2% | +21.7% |
| 2022 | −2.1% | −2.9% | −0.9% | +0.1% | −7.9% | −3.4% | +0.5% | +6.4% | −7.3% | −3.1% | +5.3% | 0.0% | −15.0% |
| 2021 | +2.8% | +2.5% | +0.8% | +6.0% | +0.8% | +1.8% | +3.1% | +2.2% | −0.1% | +0.5% | +4.7% | +0.3% | +28.3% |
| 2020 | +3.3% | +0.1% | −18.9% | +4.3% | +5.9% | +6.5% | +3.5% | +5.9% | −0.6% | +1.7% | +4.0% | +4.3% | +18.5% |
| 2019 | +1.7% | +5.8% | +1.9% | +3.7% | −1.5% | +1.4% | +3.8% | −3.1% | +3.1% | 0.0% | +4.4% | +2.5% | +26.2% |
| 2018 | +4.9% | −2.9% | +0.1% | −1.7% | +2.0% | +2.1% | +1.6% | +2.5% | +1.7% | −3.8% | −2.1% | −5.6% | −1.8% |
| 2017 | +1.4% | +2.6% | +1.8% | −0.2% | +1.7% | +1.8% | +1.0% | +0.2% | +1.7% | +2.7% | +1.6% | +2.9% | +20.9% |
| 2016 | −6.4% | −0.5% | +6.4% | +2.8% | −0.3% | +1.1% | +3.3% | +1.2% | −0.4% | −0.5% | +1.2% | +3.9% | +11.7% |
| 2015 | −1.1% | +2.8% | +0.1% | +0.9% | +1.0% | −0.4% | −0.1% | −2.4% | −4.5% | +4.3% | +2.9% | −1.1% | +2.0% |
| 2014 | +1.0% | −0.1% | +2.7% | +0.2% | +1.5% | +3.2% | +1.5% | −0.4% | +1.8% | −2.6% | +5.7% | +0.6% | +15.9% |
| 2013 | +4.3% | +2.3% | +2.7% | +1.5% | +4.6% | −1.1% | +3.3% | +0.3% | +1.2% | +2.1% | +3.9% | +1.5% | +29.7% |
| 2012 | +4.8% | +4.2% | +2.9% | 0.0% | −3.1% | −1.2% | +2.9% | +3.4% | +3.0% | −0.2% | −2.8% | +2.2% | +16.8% |
| 2011 | +3.5% | +3.2% | −1.1% | +2.2% | +0.7% | −3.7% | +3.1% | −10.4% | −0.8% | +3.0% | +1.8% | +1.6% | +2.1% |
| 2010 | +1.4% | −2.9% | +5.9% | +4.1% | −5.9% | −3.5% | −0.2% | +0.9% | +3.4% | +4.6% | +2.5% | +3.7% | +14.0% |
| 2009 | −1.1% | −6.7% | −5.7% | +12.3% | +6.7% | +2.9% | +1.3% | +8.1% | +3.6% | +2.4% | +2.1% | +2.2% | +30.0% |
| 2008 | −6.6% | −1.6% | −2.6% | +4.2% | +2.6% | −4.2% | −6.1% | +2.1% | −4.8% | −20.2% | −8.6% | −0.4% | −39.2% |
| 2007 | +0.7% | +1.6% | −2.5% | +4.2% | +3.4% | +0.3% | +0.6% | −4.2% | +3.1% | +3.0% | −4.8% | +1.2% | +6.3% |
| 2006 | +1.5% | 0.0% | +1.5% | +0.8% | −0.8% | −2.7% | +0.7% | +2.3% | +2.5% | +3.6% | +2.0% | +2.1% | +14.3% |
| 2005 | −1.3% | +1.7% | −0.3% | −2.4% | +1.3% | +2.2% | +1.8% | +0.3% | +0.3% | −2.6% | +4.0% | +2.1% | +7.1% |
| 2004 | +4.9% | +1.1% | −1.6% | +1.0% | −2.6% | +2.9% | −2.2% | −1.4% | +2.8% | +0.1% | +4.8% | +2.7% | +12.8% |
| 2003 | −0.2% | −6.4% | +1.3% | +5.3% | +5.3% | +5.7% | +0.6% | −0.2% | +3.2% | +2.0% | +1.2% | +3.1% | +22.3% |
| 2002 | −0.3% | −3.4% | +4.9% | −3.5% | −2.8% | −5.9% | −10.8% | +1.1% | −4.8% | −1.4% | +6.6% | −1.0% | −20.2% |
| 2001 | +0.5% | −2.1% | −9.1% | +0.4% | +6.9% | −2.4% | −2.7% | −2.0% | −11.2% | +3.2% | +5.1% | +1.5% | −12.8% |
| 2000 | −0.1% | −2.5% | +3.9% | +1.4% | −2.8% | +3.2% | +0.8% | +0.9% | −1.1% | −5.2% | −0.8% | −3.3% | −5.8% |
| 1999 | +5.0% | −0.1% | +2.9% | +4.3% | −0.1% | −0.6% | +4.5% | −3.8% | −0.6% | −1.3% | +7.1% | +2.8% | +21.6% |
| 1998 | +0.2% | +6.4% | +5.3% | +3.4% | −0.2% | +0.1% | +4.5% | −7.0% | −4.9% | +1.3% | +11.0% | +4.1% | +25.5% |
| 1997 | +3.3% | +4.4% | −0.6% | −3.4% | +9.2% | +5.3% | +5.7% | +0.3% | +1.2% | +1.6% | −1.2% | +2.6% | +31.8% |
이전 연도, 1871–1996
| 연도 | 1월 | 2월 | 3월 | 4월 | 5월 | 6월 | 7월 | 8월 | 9월 | 10월 | 11월 | 12월 | 연간 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1996 | +0.2% | +5.9% | −0.2% | +0.2% | +2.4% | +1.3% | −3.5% | +3.1% | +2.0% | +4.1% | +5.1% | +1.2% | +23.6% |
| 1995 | +2.5% | +3.8% | +2.6% | +3.2% | +3.3% | +3.2% | +3.5% | +0.5% | +3.7% | +0.9% | +2.4% | +3.4% | +38.4% |
| 1994 | +1.7% | −0.1% | −1.4% | −3.3% | +1.1% | +1.1% | −0.5% | +3.1% | +0.8% | −0.4% | −0.4% | −1.0% | +0.5% |
| 1993 | +0.1% | +1.7% | +2.2% | −1.3% | +0.7% | +0.9% | +0.1% | +1.8% | +1.4% | +1.2% | 0.0% | +0.9% | +10.0% |
| 1992 | +7.4% | −0.6% | −1.0% | +0.3% | +2.1% | −1.3% | +1.9% | +0.9% | +0.4% | −1.2% | +2.8% | +3.3% | +15.5% |
| 1991 | −0.7% | +11.6% | +3.0% | +2.3% | −0.2% | +0.3% | +0.8% | +2.7% | −0.3% | +0.2% | 0.0% | +0.9% | +22.1% |
| 1990 | −2.2% | −2.5% | +2.7% | +0.2% | +3.9% | +3.2% | +0.2% | −7.9% | −4.3% | −2.3% | +3.0% | +4.6% | −2.4% |
| 1989 | +3.5% | +3.3% | −0.2% | +3.6% | +4.1% | +3.4% | +2.8% | +4.7% | +0.5% | +0.3% | −1.8% | +2.7% | +30.2% |
| 1988 | +4.2% | +3.3% | +3.2% | −0.9% | −2.2% | +6.0% | −0.3% | −1.7% | +1.9% | +3.8% | −2.0% | +2.3% | +18.8% |
| 1987 | +6.7% | +6.5% | +4.4% | −0.9% | +0.2% | +4.5% | +3.1% | +6.5% | −3.0% | −11.9% | −12.3% | −1.3% | −0.1% |
| 1986 | +0.8% | +5.7% | +6.2% | +2.7% | +0.5% | +3.1% | −1.8% | +2.3% | −2.5% | −0.1% | +3.5% | +1.7% | +24.1% |
| 1985 | +4.7% | +5.8% | −0.5% | +1.0% | +2.7% | +2.5% | +2.2% | −1.8% | −1.9% | +1.5% | +6.4% | +5.3% | +31.4% |
| 1984 | +1.6% | −5.1% | +0.4% | +0.5% | −0.3% | −1.8% | −0.9% | +9.2% | +1.4% | −0.4% | +1.3% | −0.7% | +4.7% |
| 1983 | +3.9% | +2.1% | +3.9% | +4.2% | +4.4% | +1.8% | +0.7% | −2.4% | +3.3% | +0.6% | −1.1% | −0.1% | +23.2% |
| 1982 | −4.8% | −1.9% | −2.7% | +5.5% | +0.6% | −5.3% | +0.2% | +0.8% | +12.1% | +8.9% | +4.5% | +1.4% | +19.2% |
| 1981 | 0.0% | −3.1% | +4.1% | +1.3% | −1.6% | +0.9% | −2.0% | +0.8% | −8.3% | +1.7% | +3.0% | +1.2% | −2.5% |
| 1980 | +3.3% | +4.4% | −8.8% | −1.2% | +5.0% | +6.9% | +5.0% | +3.5% | +2.8% | +3.3% | +4.6% | −1.2% | +30.2% |
| 1979 | +4.2% | −1.1% | +2.3% | +2.4% | −1.9% | +2.4% | +1.4% | +5.0% | +1.5% | −3.3% | −0.3% | +4.4% | +18.2% |
| 1978 | −3.4% | −1.0% | +0.3% | +4.8% | +5.5% | +0.7% | −0.1% | +7.3% | +0.4% | −2.8% | −5.4% | +1.9% | +7.8% |
| 1977 | −0.5% | −2.4% | −0.1% | −1.2% | +0.1% | +0.9% | +1.3% | −2.1% | −1.2% | −2.2% | +1.0% | −0.1% | −6.3% |
| 1976 | +9.5% | +4.2% | +0.8% | +1.1% | −0.4% | +0.9% | +2.7% | −0.6% | +2.4% | −3.1% | −0.4% | +3.8% | +22.5% |
| 1975 | +8.6% | +10.8% | +5.0% | +1.5% | +6.7% | +2.9% | +0.4% | −7.0% | −0.9% | +5.0% | +2.0% | −1.2% | +38.0% |
| 1974 | +1.7% | −2.5% | +4.6% | −4.8% | −2.7% | +0.5% | −11.3% | −3.8% | −10.0% | +2.4% | +3.7% | −6.1% | −26.1% |
| 1973 | +1.0% | −3.3% | −1.3% | −1.6% | −2.6% | −2.0% | +1.2% | −1.6% | +2.0% | +4.2% | −6.9% | −6.8% | −16.9% |
| 1972 | +4.4% | +2.1% | +2.6% | +1.3% | −0.8% | +0.5% | −0.5% | +3.8% | −1.2% | +0.4% | +5.3% | +2.3% | +21.9% |
| 1971 | +4.1% | +4.2% | +2.8% | +3.7% | −1.1% | −1.6% | −0.5% | −1.5% | +2.5% | −1.9% | −4.4% | +7.2% | +13.7% |
| 1970 | −0.6% | −3.2% | +2.0% | −2.7% | −11.2% | −0.3% | +0.5% | +3.3% | +6.3% | +2.5% | +0.2% | +7.2% | +2.7% |
| 1969 | −4.0% | −0.2% | −1.9% | +2.3% | +3.5% | −5.0% | −4.2% | −0.3% | +0.6% | +1.3% | +1.0% | −5.0% | −11.7% |
| 1968 | 0.0% | −4.3% | −1.6% | +7.7% | +2.6% | +2.9% | 0.0% | −1.9% | +3.5% | +2.7% | +1.8% | +1.3% | +15.2% |
| 1967 | +4.1% | +3.7% | +2.6% | +2.0% | +2.1% | −1.0% | +2.0% | +1.9% | +1.7% | +0.1% | −2.9% | +3.1% | +20.9% |
| 1966 | +2.0% | −0.4% | −3.9% | +3.3% | −5.0% | −0.6% | 0.0% | −5.8% | −3.2% | −0.6% | +5.3% | +0.7% | −8.3% |
| 1965 | +2.8% | +1.0% | +0.3% | +1.6% | +1.7% | −4.5% | +0.1% | +2.1% | +3.6% | +2.5% | +1.1% | −0.2% | +12.5% |
| 1964 | +3.3% | +1.5% | +2.1% | +1.7% | +1.2% | −0.3% | +4.0% | −1.2% | +2.0% | +2.0% | +0.9% | −1.5% | +16.6% |
| 1963 | +4.1% | +1.6% | −0.1% | +5.0% | +2.3% | +0.2% | −1.2% | +3.0% | +2.9% | +0.5% | −0.3% | +2.4% | +22.2% |
| 1962 | −3.5% | +1.9% | +0.3% | −2.9% | −7.2% | −11.4% | +2.7% | +3.0% | −0.6% | −2.9% | +7.2% | +4.6% | −9.7% |
| 1961 | +5.4% | +4.4% | +3.4% | +2.9% | +1.3% | −1.1% | 0.0% | +3.8% | −0.5% | +1.3% | +4.8% | +1.2% | +30.1% |
| 1960 | −1.5% | −3.6% | −1.1% | +1.6% | −0.6% | +4.0% | −2.2% | +1.5% | −2.7% | −1.7% | +3.5% | +2.7% | −0.4% |
| 1959 | +4.3% | −1.3% | +2.8% | +1.9% | +1.8% | −0.6% | +4.2% | −0.3% | −3.7% | +0.2% | +0.7% | +3.5% | +13.9% |
| 1958 | +2.3% | +0.7% | +2.4% | +0.9% | +3.6% | +2.7% | +3.1% | +4.1% | +2.9% | +4.4% | +3.3% | +2.2% | +37.8% |
| 1957 | −1.9% | −4.0% | +1.6% | +2.6% | +4.2% | +2.0% | +2.3% | −5.2% | −3.7% | −5.9% | −1.8% | +0.3% | −9.7% |
| 1956 | −2.4% | +1.0% | +7.2% | +1.5% | −2.8% | −0.3% | +5.8% | −0.3% | −3.1% | −1.0% | −0.7% | +1.8% | +6.3% |
| 1955 | +2.2% | +3.7% | −0.4% | +3.8% | −0.1% | +6.1% | +7.6% | −0.3% | +4.8% | −4.7% | +7.1% | +1.2% | +35.0% |
| 1954 | +3.0% | +2.7% | +2.6% | +4.4% | +4.4% | +1.2% | +4.5% | +2.4% | +2.7% | +2.7% | +4.3% | +5.0% | +48.1% |
| 1953 | +1.0% | −0.8% | +1.0% | −4.5% | +1.0% | −3.1% | +1.9% | +0.9% | −4.1% | +3.5% | +2.7% | +1.8% | +1.0% |
| 1952 | +3.8% | −1.3% | +0.8% | +0.2% | +0.5% | +3.2% | +3.4% | +0.9% | −1.1% | −1.6% | +3.7% | +4.5% | +17.9% |
| 1951 | +8.0% | +4.3% | −1.1% | +1.9% | +0.6% | −1.1% | +2.4% | +5.0% | +3.1% | 0.0% | −2.3% | +3.6% | +26.8% |
| 1950 | +2.6% | +2.5% | +1.4% | +3.4% | +3.9% | +2.2% | −6.7% | +6.7% | +4.1% | +4.7% | +0.4% | +0.2% | +27.9% |
| 1949 | +1.6% | −3.3% | +1.5% | +0.4% | −0.2% | −4.9% | +6.3% | +4.2% | +1.9% | +3.2% | +2.0% | +3.3% | +16.5% |
| 1948 | −0.9% | −4.4% | +1.9% | +8.2% | +5.3% | +4.6% | −2.0% | −2.5% | −0.7% | +3.2% | −5.1% | −0.1% | +6.9% |
| 1947 | +0.9% | +4.3% | −3.7% | −3.3% | −1.4% | +3.9% | +6.7% | −1.6% | −2.2% | +3.0% | −0.7% | −1.1% | +4.5% |
| 1946 | +4.3% | +0.6% | −2.7% | +6.8% | +0.5% | −0.3% | −2.5% | −1.6% | −14.4% | −1.9% | 0.0% | +3.4% | −9.1% |
| 1945 | +3.4% | +3.7% | +0.3% | +2.9% | +4.2% | +2.2% | −1.7% | +0.7% | +7.2% | +4.5% | +3.6% | +2.0% | +38.1% |
| 1944 | +3.7% | −0.2% | +3.2% | −1.3% | +2.2% | +5.1% | +3.0% | −1.1% | −1.2% | +2.9% | −0.3% | +2.6% | +20.0% |
| 1943 | +6.5% | +6.4% | +4.0% | +3.8% | +4.4% | +2.2% | +2.5% | −4.5% | +2.6% | −0.5% | −4.2% | +1.8% | +27.0% |
| 1942 | +2.6% | −2.5% | −4.8% | −3.5% | +1.9% | +5.7% | +4.4% | 0.0% | +1.6% | +8.0% | +2.1% | +1.0% | +17.2% |
| 1941 | +0.7% | −5.7% | +1.2% | −2.5% | −1.6% | +4.1% | +5.7% | +0.1% | +0.9% | −3.4% | −4.1% | −5.9% | −10.7% |
| 1940 | −0.1% | −0.2% | −0.1% | +1.4% | −13.3% | −8.1% | +3.9% | +2.7% | +4.8% | +1.5% | +2.9% | −3.6% | −9.7% |
| 1939 | −1.2% | −0.5% | +0.3% | −12.2% | +4.1% | +2.2% | +2.8% | −1.1% | +11.1% | +1.4% | −1.4% | −2.0% | +2.0% |
| 1938 | +3.2% | −1.8% | −6.0% | −3.5% | +1.5% | +2.9% | +20.5% | +1.0% | −4.1% | +11.6% | +0.4% | −2.6% | +22.5% |
| 1937 | +3.5% | +3.3% | +0.2% | −5.6% | −4.1% | −3.3% | +6.4% | +1.4% | −13.8% | −14.1% | −8.3% | −1.0% | −31.9% |
| 1936 | +5.8% | +6.0% | +2.4% | +0.4% | −5.0% | +4.6% | +6.2% | +2.3% | +1.5% | +5.6% | +3.1% | −1.4% | +35.8% |
| 1935 | +0.4% | −2.6% | −5.9% | +7.9% | +8.3% | +4.2% | +5.6% | +7.1% | +2.4% | +3.0% | +9.7% | +0.3% | +47.0% |
| 1934 | +6.1% | +7.7% | −4.8% | +2.0% | −9.8% | +1.7% | −4.4% | −3.5% | −2.0% | +1.2% | +3.2% | +1.1% | −2.8% |
| 1933 | +4.6% | −11.3% | +0.3% | +11.2% | +29.3% | +17.6% | +8.5% | −4.6% | −0.5% | −9.4% | +2.8% | +2.3% | +54.4% |
| 1932 | −0.9% | −0.1% | +1.1% | −23.3% | −11.3% | −12.4% | +6.1% | +51.3% | +10.3% | −13.2% | −0.4% | −2.7% | −11.0% |
| 1931 | +3.5% | +8.1% | +2.4% | −9.1% | −9.2% | −2.7% | +3.8% | −2.5% | −14.4% | −12.8% | +2.0% | −18.1% | −41.8% |
| 1930 | +1.8% | +6.6% | +4.1% | +6.7% | −5.7% | −9.8% | −1.8% | −0.9% | +0.3% | −13.4% | −6.8% | −6.2% | −24.0% |
| 1929 | +7.7% | +0.8% | +2.1% | −0.3% | +1.8% | +2.2% | +9.2% | +6.0% | +4.2% | −10.3% | −26.2% | +4.4% | −4.2% |
| 1928 | +0.8% | −0.8% | +5.7% | +6.7% | +3.4% | −4.6% | +1.1% | +3.6% | +7.4% | +2.4% | +7.1% | +0.7% | +38.1% |
| 1927 | −0.2% | +2.4% | +2.0% | +2.9% | +3.9% | +1.7% | +2.6% | +5.7% | +6.1% | −1.2% | +2.7% | +2.7% | +35.8% |
| 1926 | +1.9% | +0.6% | −6.4% | −2.3% | +1.2% | +5.2% | +4.7% | +4.4% | +1.9% | −1.8% | +1.7% | +2.7% | +14.0% |
| 1925 | +4.6% | +1.3% | −2.2% | −0.6% | +3.7% | +2.2% | +3.2% | +1.8% | +2.7% | +3.7% | +3.5% | +2.0% | +29.2% |
| 1924 | +3.8% | +1.0% | −1.4% | −1.8% | +0.2% | +2.4% | +5.2% | +3.9% | −0.5% | −0.8% | +6.1% | +5.9% | +26.1% |
| 1923 | +1.9% | +4.8% | +2.1% | −3.0% | −4.3% | −3.3% | −2.8% | +1.0% | +1.2% | −0.9% | +3.5% | +3.9% | +3.5% |
| 1922 | +0.4% | +2.7% | +4.3% | +6.6% | +4.4% | −0.5% | +1.2% | +4.2% | +3.1% | +2.7% | −4.5% | +0.3% | +27.3% |
| 1921 | +5.0% | −0.1% | −2.0% | +1.0% | +3.6% | −7.4% | +0.3% | −0.6% | +3.1% | +2.0% | +6.0% | +4.1% | +15.2% |
| 1920 | −0.5% | −7.8% | +7.6% | −0.3% | −5.8% | −1.2% | +0.4% | −3.4% | +4.1% | +0.7% | −4.5% | −8.4% | −18.5% |
| 1919 | 0.0% | +1.0% | +3.6% | +3.9% | +7.5% | +3.2% | +3.8% | −6.3% | +2.1% | +5.6% | −2.5% | −2.5% | +20.2% |
| 1918 | +6.9% | +3.8% | −1.3% | −0.2% | +3.9% | +0.8% | +1.5% | +1.6% | +0.1% | +4.9% | +3.2% | −1.4% | +26.2% |
| 1917 | −1.9% | −5.1% | +3.6% | −1.0% | −2.8% | +2.6% | −2.2% | −2.3% | −4.2% | −4.7% | −7.6% | −2.6% | −25.2% |
| 1916 | −1.2% | −1.0% | +0.1% | −0.7% | +2.6% | +1.4% | −0.9% | +1.2% | +4.6% | +3.6% | +2.8% | −3.6% | +9.0% |
| 1915 | +2.2% | −0.9% | +3.1% | +8.0% | −1.9% | +1.6% | +0.1% | +4.7% | +4.1% | +6.0% | +3.9% | +0.6% | +35.8% |
| 1914 | +4.6% | +1.8% | −1.4% | −1.9% | +1.1% | 0.0% | −5.1% | +0.5% | +0.5% | +0.5% | +0.5% | −3.8% | −3.3% |
| 1913 | −0.4% | −3.1% | −1.4% | +0.3% | −2.3% | −4.6% | +1.8% | +3.2% | +1.4% | −2.7% | −2.1% | +0.4% | −9.3% |
| 1912 | +0.5% | −0.4% | +3.3% | +3.5% | +0.3% | +0.4% | +0.5% | +2.7% | +0.9% | +0.2% | −0.7% | −3.2% | +8.2% |
| 1911 | +2.9% | +2.1% | −0.8% | 0.0% | +2.6% | +2.4% | 0.0% | −4.4% | −5.0% | +1.0% | +4.5% | +0.9% | +5.9% |
| 1910 | −1.8% | −3.2% | +2.9% | −2.0% | −1.3% | −4.4% | −4.6% | +2.9% | +1.1% | +5.0% | +0.3% | −2.4% | −7.7% |
| 1909 | +0.7% | −2.5% | +1.8% | +4.9% | +3.7% | +2.1% | +1.8% | +2.8% | +0.5% | +0.7% | −0.1% | +1.5% | +19.1% |
| 1908 | +4.8% | −3.1% | +4.6% | +5.9% | +5.9% | +0.6% | +4.1% | +4.7% | −0.7% | +1.6% | +7.2% | +2.6% | +45.1% |
| 1907 | −2.5% | −2.8% | −9.5% | +0.9% | −3.0% | −2.8% | +4.3% | −7.1% | −0.6% | −10.4% | −5.3% | +5.7% | −29.5% |
| 1906 | +3.8% | −0.4% | −2.2% | −1.1% | −2.3% | +1.6% | −2.2% | +7.7% | +3.4% | −2.7% | +2.4% | −0.6% | +7.2% |
| 1905 | +2.5% | +4.7% | +3.1% | −0.9% | −4.6% | +1.5% | +3.5% | +4.0% | +0.6% | +1.7% | −0.2% | +2.8% | +19.8% |
| 1904 | +2.1% | −2.3% | +0.1% | +2.9% | −1.7% | +0.6% | +4.6% | +3.8% | +4.8% | +6.2% | +5.8% | +1.3% | +31.6% |
| 1903 | +5.4% | −0.3% | −3.6% | −3.7% | −1.6% | −5.2% | −4.2% | −2.8% | −2.0% | −2.8% | +0.8% | +5.1% | −14.4% |
| 1902 | +2.5% | +1.2% | +0.5% | +3.7% | +0.1% | −0.3% | +2.6% | +3.0% | +0.5% | −2.9% | −3.5% | −2.0% | +5.2% |
| 1901 | +3.3% | +2.9% | +3.9% | +8.7% | −4.7% | +10.3% | −6.4% | +1.7% | −0.2% | −0.8% | +2.5% | −1.3% | +20.4% |
| 1900 | +1.6% | +2.1% | +1.1% | +1.6% | −4.4% | −2.6% | +0.4% | +1.7% | −2.0% | +4.0% | +8.2% | +6.4% | +19.0% |
| 1899 | +7.9% | +4.1% | +1.7% | +1.5% | −3.9% | −2.0% | +3.7% | +2.8% | −0.8% | −0.2% | +2.2% | −6.5% | +10.1% |
| 1898 | +3.1% | +0.1% | −4.2% | −1.4% | +6.9% | +4.2% | +0.7% | +4.1% | +0.1% | −1.8% | +3.6% | +6.5% | +23.5% |
| 1897 | +0.4% | −0.6% | +0.6% | −2.7% | +0.9% | +5.0% | +4.8% | +6.8% | +5.2% | −2.9% | −3.2% | +2.5% | +17.2% |
| 1896 | −0.8% | +4.6% | −1.2% | +1.3% | −0.1% | −1.5% | −6.1% | −5.3% | +5.6% | +2.6% | +7.2% | −3.3% | +2.0% |
| 1895 | −0.8% | −1.0% | +0.4% | +4.7% | +5.9% | +2.3% | +0.8% | +1.8% | +1.0% | −1.1% | −3.0% | −5.5% | +5.0% |
| 1894 | −1.6% | +1.9% | +3.4% | +1.8% | −3.3% | −0.9% | −1.6% | +4.2% | +2.0% | −2.7% | +0.4% | −0.5% | +2.7% |
| 1893 | +2.2% | −1.4% | −3.3% | +0.4% | −8.5% | −4.3% | −8.9% | −1.9% | +7.6% | +3.4% | +2.0% | −3.0% | −15.7% |
| 1892 | +2.2% | +0.5% | +1.4% | +0.2% | +0.3% | −0.2% | +0.3% | +1.8% | −2.1% | +2.4% | 0.0% | −0.7% | +6.2% |
| 1891 | +5.6% | +1.6% | −1.5% | +3.7% | 0.0% | −1.6% | −1.3% | +3.7% | +8.5% | +0.3% | −1.2% | +3.4% | +22.9% |
| 1890 | +1.5% | −0.8% | −0.4% | +2.4% | +4.6% | −0.4% | −0.4% | −2.0% | −1.3% | −4.2% | −6.9% | −1.9% | −9.8% |
| 1889 | +2.3% | +1.5% | −1.7% | +0.2% | +3.1% | +2.0% | −1.7% | +1.7% | +2.8% | −1.5% | −0.6% | −0.2% | +8.0% |
| 1888 | +1.2% | −0.2% | −3.4% | +0.8% | +1.8% | −2.7% | +3.0% | +2.5% | +2.8% | −0.2% | −1.7% | −1.5% | +2.1% |
| 1887 | −0.7% | −0.4% | +2.7% | +2.6% | +2.1% | −2.5% | −2.1% | −2.1% | −0.9% | −3.0% | +2.3% | −0.2% | −2.5% |
| 1886 | +0.4% | +2.3% | −1.7% | −1.0% | −1.6% | +5.0% | +1.9% | +1.1% | +3.0% | +2.9% | +2.8% | −2.3% | +13.2% |
| 1885 | −1.7% | +3.7% | +0.8% | +0.3% | −0.6% | +0.1% | +4.2% | +6.1% | −0.8% | +6.3% | +6.9% | −0.4% | +27.2% |
| 1884 | −2.5% | +3.2% | +0.1% | −4.0% | −7.6% | −3.5% | +0.6% | +6.9% | −2.6% | −2.7% | −1.4% | +0.4% | −13.1% |
| 1883 | −0.1% | −1.8% | +1.7% | +2.6% | −1.2% | +1.3% | −1.1% | −4.1% | +1.6% | −2.2% | +2.0% | −1.7% | −3.1% |
| 1882 | −1.1% | −1.7% | +0.3% | +0.5% | −0.7% | −0.1% | +6.1% | +3.4% | +1.4% | −2.3% | −3.8% | +1.0% | +2.6% |
| 1881 | +6.4% | 0.0% | +1.5% | +0.1% | +4.9% | +1.6% | −3.1% | −2.0% | +1.2% | −1.2% | +1.1% | −2.5% | +7.8% |
| 1880 | +4.2% | +2.1% | +2.3% | −1.9% | −7.6% | +0.8% | +5.0% | +4.0% | +0.2% | +3.3% | +5.7% | +4.5% | +24.1% |
| 1879 | +4.2% | +4.1% | −1.2% | +3.7% | +4.9% | +0.9% | +2.4% | +1.1% | +4.1% | +11.3% | +5.7% | +0.1% | +49.4% |
| 1878 | +0.5% | −1.7% | +2.4% | +3.3% | +0.8% | +2.6% | +2.5% | −0.4% | +2.5% | −0.7% | +0.1% | −0.1% | +12.1% |
| 1877 | −0.2% | −5.3% | −4.4% | −6.6% | +0.7% | −6.4% | +5.1% | +7.7% | +6.8% | +2.7% | −1.0% | +0.2% | −2.0% |
| 1876 | +2.6% | +1.9% | +0.3% | −3.2% | −3.1% | −0.1% | −0.6% | −3.5% | −5.5% | +0.1% | −1.2% | +0.1% | −11.8% |
| 1875 | +0.6% | +0.4% | +1.9% | +1.9% | −3.3% | −1.4% | +0.8% | +1.0% | −0.3% | −1.0% | +2.2% | +0.6% | +3.3% |
| 1874 | +6.1% | +3.6% | −0.9% | −2.2% | −2.0% | +0.2% | +0.6% | +0.8% | +2.2% | +0.4% | +1.5% | −0.1% | +10.4% |
| 1873 | +1.3% | +1.3% | −0.3% | −0.9% | +0.7% | −0.9% | +0.3% | +0.5% | −7.1% | −8.1% | −2.9% | +10.1% | −6.9% |
| 1872 | +3.0% | +0.9% | +3.7% | +3.2% | +0.4% | −0.5% | −0.1% | −0.7% | −1.3% | +0.9% | +0.1% | +2.9% | +13.1% |
| 1871 | +1.8% | +2.9% | +3.3% | +3.0% | −0.4% | −1.4% | +1.7% | +1.5% | −4.7% | +1.6% | +2.6% | +12.3%* |
각 칸: 월평균 기준으로 전월 대비 해당 월의 배당 포함 수익률이며, 연간 수치는 위 표와 같습니다. 색의 농도는 1, 2, 4, 7 및 10% 지점에서 단계가 바뀌고, 그보다 큰 움직임은 가장 진한 색을 유지합니다. * 1년 전체가 아님. 데이터: Robert J. Shiller, 예일대학교 · 인플레이션: 미국 CPI, 실러의 데이터.
밸류에이션: 실러 PER과 배당수익률
로버트 실러의 경기조정 PER(CAPE)은 주가를 최근 10년 평균 이익으로 나눈 값이며 둘 다 물가상승을 반영해 경기 사이클의 영향을 완화합니다. 1881 이후 평균은 17.8이고, 2026년 10월에는 40.7, 최고치는 1999년 12월의 44.2입니다. 높은 값 뒤에는 평균적으로 이후 10년 수익률이 낮았지만, 앞으로 몇 달에 대해서는 알려 주는 바가 거의 없습니다.
실러 PER(CAPE)장기 평균, 17.8
배당수익률
최근 12개월간 지급된 배당을 지수로 나눈 값: 2026년 10월에 1.06%, 최고치는 1932년 6월의 13.8%. 가장 최근 몇 달은 마지막으로 공표된 배당을 이어서 사용합니다(2026년 7월부터 추정).
계산 방법
- 데이터: Robert J. Shiller, Online Data(예일대학교): S&P 종합지수(S&P 500과 1957년 이전의 전신 지수), 배당, 이익, 경기조정 PER, 미국 소비자물가. 1871년 1월부터 월별.
- 월평균: 각 월은 일별 종가의 평균이므로 월말 값이나 장중 값과 다르며 짧은 폭락은 더 완만하게 보입니다. 최근 월은 잠정치입니다(실러의 주석: Oct price is Oct 2nd close; Sept/Oct CPI estimated; Oct GS10 is Oct 2nd value). 배당은 2026년 7월부터 추정합니다.
- 배당 포함: 매월 배당을 재투자합니다. 지수는 그 달의 주가 변동에 연간 배당의 12분의 1을 더한 만큼 성장합니다(실러의 방식). 수수료와 세금은 반영하지 않았습니다.
- 물가상승 반영(페이지 상단 스위치): 모든 값을 미국 소비자물가(실러 데이터의 CPI-U)로 10월 2026 달러 기준으로 환산합니다. 10월 2026의 CPI를 곱하고 해당 월의 CPI로 나눕니다. 최근 월은 잠정치입니다.
- 하락: 각 월평균이 지금까지의 최고 월평균에서 얼마나 떨어져 있는지입니다. 최고 기록보다 20% 낮아진 때부터 하락으로 보며, 그 기록을 넘는 첫 달에 끝납니다. 시세 그대로의 가격과 물가상승 반영 가격에서 각각 따로 찾습니다.
- 달력 연도와 월: 12월 평균을 전년 12월과 비교합니다(1871년은 1월부터, 올해는 최근 월까지). 월은 전월과 비교합니다.
- 실러 PER(CAPE): 실러의 자체 열이며, 실질 주가를 이전 10년의 평균 실질 이익으로 나눈 값입니다(1881년부터). 배당수익률: 12개월 배당을 월평균 주가로 나눈 값입니다. 두 비율 모두 물가상승 반영 스위치의 영향을 받지 않습니다.
- 캔들과 막대: 월평균으로 분기 또는 연 단위로 만듭니다. 각 캔들은 직전 월에서 시작하고, 고가와 저가는 그 기간의 최고·최저 월평균이며 일별 가격이 아닙니다.
- 투자 조언이 아닙니다. 과거의 수익률과 폭락은 앞으로 일어날 일을 알려 주지 않습니다.