{"id":3301,"date":"2024-05-12T18:44:12","date_gmt":"2024-05-12T18:44:12","guid":{"rendered":"https:\/\/www.allocatewisely.com\/?p=3301"},"modified":"2024-05-12T18:44:12","modified_gmt":"2024-05-12T18:44:12","slug":"msci-world-index-part-13-rolling-returns-in-u-s-dollars","status":"publish","type":"post","link":"https:\/\/www.allocatewisely.com\/?p=3301","title":{"rendered":"MSCI World Index &#8211; Part 13: Rolling Returns in U.S. Dollars"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-family: charter-3-reg-woff;\">In the four charts below, I display four different measures of return in each chart: price, total, inflation-adjusted price and inflation-adjusted total. To those who argue that stock market indices should always be plotted as total return, i.e., with dividends reinvested, I suggest they also adjust the indexes for inflation to measure their real or true return values.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: charter-3-reg-woff;\">The effect of including dividends (total return) and the effect of inflation (real return) often cancel or neutralize each other, as can be seen in the rolling 10- and 20-year returns charts where the real total return tracks rather closely the price-only or nominal return &#8211; especially since 2008.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" data-attachment-id=\"3306\" data-permalink=\"https:\/\/www.allocatewisely.com\/?attachment_id=3306\" data-orig-file=\"https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/3y.png?fit=642%2C344&amp;ssl=1\" data-orig-size=\"642,344\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"3y\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/3y.png?fit=625%2C335&amp;ssl=1\" loading=\"lazy\" class=\"alignnone size-full wp-image-3306\" src=\"https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/3y.png?resize=625%2C335\" alt=\"\" width=\"625\" height=\"335\" srcset=\"https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/3y.png?w=642&amp;ssl=1 642w, https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/3y.png?resize=300%2C161&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/3y.png?resize=624%2C334&amp;ssl=1 624w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><img data-recalc-dims=\"1\" decoding=\"async\" data-attachment-id=\"3305\" data-permalink=\"https:\/\/www.allocatewisely.com\/?attachment_id=3305\" data-orig-file=\"https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/5y.png?fit=642%2C343&amp;ssl=1\" data-orig-size=\"642,343\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"5y\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/5y.png?fit=625%2C334&amp;ssl=1\" loading=\"lazy\" class=\"alignnone size-full wp-image-3305\" src=\"https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/5y.png?resize=625%2C334\" alt=\"\" width=\"625\" height=\"334\" srcset=\"https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/5y.png?w=642&amp;ssl=1 642w, https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/5y.png?resize=300%2C160&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/5y.png?resize=624%2C333&amp;ssl=1 624w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><img data-recalc-dims=\"1\" decoding=\"async\" data-attachment-id=\"3304\" data-permalink=\"https:\/\/www.allocatewisely.com\/?attachment_id=3304\" data-orig-file=\"https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/10y.png?fit=642%2C340&amp;ssl=1\" data-orig-size=\"642,340\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"10y\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/10y.png?fit=625%2C331&amp;ssl=1\" loading=\"lazy\" class=\"alignnone size-full wp-image-3304\" src=\"https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/10y.png?resize=625%2C331\" alt=\"\" width=\"625\" height=\"331\" srcset=\"https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/10y.png?w=642&amp;ssl=1 642w, https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/10y.png?resize=300%2C159&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/10y.png?resize=624%2C330&amp;ssl=1 624w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><img data-recalc-dims=\"1\" decoding=\"async\" data-attachment-id=\"3303\" data-permalink=\"https:\/\/www.allocatewisely.com\/?attachment_id=3303\" data-orig-file=\"https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/20y.png?fit=643%2C341&amp;ssl=1\" data-orig-size=\"643,341\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"20y\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/20y.png?fit=625%2C331&amp;ssl=1\" loading=\"lazy\" class=\"alignnone size-full wp-image-3303\" src=\"https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/20y.png?resize=625%2C331\" alt=\"\" width=\"625\" height=\"331\" srcset=\"https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/20y.png?w=643&amp;ssl=1 643w, https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/20y.png?resize=300%2C159&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.allocatewisely.com\/wp-content\/uploads\/2024\/05\/20y.png?resize=624%2C331&amp;ssl=1 624w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the four charts below, I display four different measures of return in each chart: price, total, inflation-adjusted price and inflation-adjusted total. To those who argue that stock market indices should always be plotted as total return, i.e., with dividends reinvested, I suggest they also adjust the indexes for inflation to measure their real or [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-3301","post","type-post","status-publish","format-standard","hentry","category-stock-market-returns"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9jVx4-Rf","jetpack_likes_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.allocatewisely.com\/index.php?rest_route=\/wp\/v2\/posts\/3301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.allocatewisely.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.allocatewisely.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.allocatewisely.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.allocatewisely.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3301"}],"version-history":[{"count":2,"href":"https:\/\/www.allocatewisely.com\/index.php?rest_route=\/wp\/v2\/posts\/3301\/revisions"}],"predecessor-version":[{"id":3308,"href":"https:\/\/www.allocatewisely.com\/index.php?rest_route=\/wp\/v2\/posts\/3301\/revisions\/3308"}],"wp:attachment":[{"href":"https:\/\/www.allocatewisely.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.allocatewisely.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.allocatewisely.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}