The Morningstar Andex chart for the US equity market is one powerful one-page that packs a ton of information for investors. The chart shows the growth of $1 from 1926 to 2022 in various asset classes. It also other useful information such as economic expansions and contractions, S&P P/E, inflation and interest rates, geo-political events, etc.

Over the time period shown in the chart US small cap stocks were the best with an average annual return of 11.8% while large caps returned 10.1%. It should be noted however that it is unlikely there is some investor that held their investments all the way from 1926 till 2022.

Source: Morningstar

Note: You can view the 2023 chart at the Morningstar directly by clicking here.