No, those figures are just the Dow Jones index at those dates, it doesn't include dividends. You can use this site to calculate total return with dividends rein

No, those figures are just the Dow Jones index at those dates, it doesn't include dividends. You can use this site to calculate total return with dividends reinvested: https://dqydj.com/dow-jones-return-calculator/ https://dqydj.com/dow-jones-return-calculator/ Plugging in those dates gives 0.078% return without reinvesting dividends (basically the figures given in the parent comment), 4.632% with dividends reinvested, and -1.941% with dividends reinvested and taking CPI into account. So, you still come out negative due to inflation, even after reinvesting the dividends.