Total-return comparison vs the S&P 500 and NASDAQ — growth of $10,000.
Growth of $10k · 2003–2026 · total return (div-adjusted)
Benchmarks
Accessible funds
| Fund / index | Vehicle | Since | CAGR (full history) |
|---|---|---|---|
| FPA Crescent | $FPACX | 2003 | 8.7% |
| Scottish Mortgage | $SMT.L | 2003 | 16.3% |
| S&P 500 | $SPY | 2003 | 10.7% |
| NASDAQ-100 | $QQQ | 2003 | 14.7% |
Dividend/split-adjusted total return. Mutual funds use NAV, listed trusts use share price. Past performance does not predict future results. Not financial advice.
Scottish Mortgage leads with a 16.3% annualized return since 2003, vs 8.7% for FPA Crescent (total return, dividend-adjusted).
$10,000 invested in FPA Crescent (FPACX) at the end of 2003 would be worth about $67.8k as of 2026, a 8.7% compound annual growth rate.
$10,000 invested in Scottish Mortgage (SMT.L) at the end of 2003 would be worth about $325k as of 2026, a 16.3% compound annual growth rate.