Market returns compared
The Bourse, the dollar, the coin, gold, fixed income and housing beside inflation, year by year and month by month. Figures to 1405/07/29. Each year runs from the last value at the end of the previous Esfand to the end of Esfand that year (years are Jalali, starting around March 21), and the running year to the latest value. The indexes come from the Tehran Stock Exchange site (tsetmc); the free-market dollar, the Emami coin and 18k gold are in tomans and the world gold ounce in dollars, at the open market's daily price. Tehran housing is the average price per square metre, monthly and approximate, with figures from 1397. Fixed-income funds are the median daily return of the exchange's fixed-income funds, with figures from 1395; inflation is the growth of Iran's consumer price index from the Statistical Centre of Iran.
Market returns year by year since 1393
| Year | Bourse total index (TEDPIX) | Bourse equal-weight index | Free-market dollar | Emami gold coin | 18k gold (per gram) | Fixed-income funds (median) | World gold ounce (USD) | Tehran housing, average price per m² (approx.) | Inflation (consumer price index) | Best return |
|---|---|---|---|---|---|---|---|---|---|---|
| 1405 (to 1405/07/29) | 120.1% | 136.8% | 69.7% | 39.8% | 47.1% | 20.8% | -11.4% | 74.0% | No data | Bourse equal-weight index |
| 1404 | 37.0% | 19.8% | 62.9% | 95.8% | 117.5% | 33.9% | 48.1% | 31.1% | 71.8% | 18k gold (per gram) |
| 1403 | 23.5% | 7.1% | 62.0% | 150.0% | 149.2% | 30.4% | 41.1% | 18.4% | 37.1% | Emami gold coin |
| 1402 | 12.0% | 26.9% | 25.5% | 20.7% | 23.6% | 26.7% | 9.0% | 24.8% | 32.3% | Bourse equal-weight index |
| 1401 | 43.4% | 68.0% | 83.2% | 159.2% | 113.5% | 22.6% | 3.0% | 85.8% | 54.0% | Emami gold coin |
| 1400 | 4.5% | -20.8% | 9.6% | 15.1% | 13.6% | 20.0% | 10.1% | 16.0% | 34.3% | Fixed-income funds (median) |
| 1399 | 155.0% | 148.4% | 60.8% | 78.8% | 80.1% | 23.9% | 18.6% | 103.9% | 48.7% | Bourse total index (TEDPIX) |
| 1398 | 187.1% | 437.1% | 15.6% | 29.3% | 40.5% | 21.3% | 12.1% | 49.0% | 22.0% | Bourse equal-weight index |
| 1397 | 85.5% | 90.9% | 163.2% | 188.7% | 179.7% | 21.2% | 0.1% | 73.1% | 47.5% | Emami gold coin |
| 1396 | 24.7% | 9.8% | 30.7% | 34.8% | 32.9% | 20.9% | 6.2% | No data | 7.2% | Emami gold coin |
| 1395 | -3.7% | 17.7% | 9.4% | 18.2% | 11.5% | 20.5% | -1.7% | No data | 8.2% | Fixed-income funds (median) |
| 1394 | 28.3% | 35.4% | 2.5% | 7.0% | 6.4% | No data | 6.1% | No data | 8.4% | Bourse equal-weight index |
| 1393 | -20.9% | -1.4% | 10.8% | -0.6% | -0.4% | No data | -10.9% | No data | 14.0% | Free-market dollar |
"Best return" is chosen among the indexes and the toman assets. The ounce is in dollars, housing is approximate and inflation is not a market you can buy, so none of them is ranked.
5- and 10-year market returns
5 years: from the start of 1400 to the end of 1404. 10 years: from the start of 1395 to the end of 1404. The "became" column shows what the same amount grew to at each market's return. These are index and price returns, not an investor's portfolio, before fees and tax.
| Market | 5-year return | 100 million tomans became | 10-year return | 100 million tomans became |
|---|---|---|---|---|
| Bourse total index (TEDPIX) | 184.0% | 284 million tomans | 4,529.8% | 4.6 billion tomans |
| Bourse equal-weight index | 116.6% | 217 million tomans | 7,032.4% | 7.1 billion tomans |
| Free-market dollar | 564.7% | 665 million tomans | 4,549.1% | 4.6 billion tomans |
| Emami gold coin | 1,662.2% | 1.8 billion tomans | 18,639.3% | 18.7 billion tomans |
| 18k gold (per gram) | 1,525.0% | 1.6 billion tomans | 16,945.7% | 17.0 billion tomans |
| Fixed-income funds (median) | 225.4% | 325 million tomans | 763.5% | 864 million tomans |
| World gold ounce (USD) | 158.4% | 258 million tomans | 259.3% | 359 million tomans |
| Tehran housing, average price per m² (approx.) | 317.5% | 418 million tomans | No data | No data |
| Inflation (consumer price index) | 544.3% | 644 million tomans | 1,898.3% | 2.0 billion tomans |
Market returns month by month
Each Jalali month, from the last value on the previous month's last day to the last value on the month's own last day.
| Month | Bourse total index | Free-market dollar | Emami coin | 18k gold | Fixed-income funds | Inflation |
|---|---|---|---|---|---|---|
| Mehr 1405 | 14.0% | 16.6% | 15.4% | 13.7% | 2.7% | No data |
| Shahrivar 1405 | 18.2% | 21.0% | 13.6% | 13.8% | 2.9% | 4.2% |
| Mordad 1405 | 24.1% | 0.1% | 10.6% | 10.7% | 2.6% | 3.4% |
| Tir 1405 | -4.7% | 20.6% | 15.6% | 17.6% | 2.8% | 3.1% |
| Khordad 1405 | 36.3% | -10.9% | -15.1% | -15.6% | 2.8% | 5.9% |
| Ordibehesht 1405 | 1.3% | 18.4% | 10.6% | 12.3% | 2.7% | 8.8% |
| Farvardin 1405 | 0% | -5.1% | -8.4% | -3.3% | 2.5% | 5.0% |
| Esfand 1404 | -2.4% | -2.7% | -5.5% | -11.3% | 2.4% | 5.6% |
| Bahman 1404 | -15.0% | 12.4% | 21.8% | 25.4% | 2.5% | 9.4% |
| Dey 1404 | 14.9% | 10.9% | 16.2% | 16.2% | 2.6% | 7.9% |
| Azar 1404 | 23.0% | 15.6% | 20.8% | 20.2% | 2.6% | 4.2% |
| Aban 1404 | 2.9% | 5.5% | 4.4% | 4.5% | 2.4% | 3.4% |
| Mehr 1404 | 21.2% | 3.4% | 11.4% | 16.1% | 2.6% | 5.0% |
| Shahrivar 1404 | 2.6% | 9.4% | 16.8% | 19.3% | 2.6% | 3.8% |
| Mordad 1404 | -13.0% | 8.0% | 8.6% | 10.0% | 2.5% | 2.9% |
| Tir 1404 | -4.7% | 5.3% | 5.0% | 5.3% | 2.6% | 3.5% |
| Khordad 1404 | -4.0% | 1.0% | 2.6% | 3.7% | 1.9% | 3.3% |
| Ordibehesht 1404 | 1.0% | 0.9% | -2.1% | -1.5% | 2.6% | 2.7% |
| Farvardin 1404 | 13.6% | -16.2% | -22.1% | -18.2% | 2.4% | 3.9% |
| Esfand 1403 | -0.3% | 6.1% | 26.5% | 20.0% | 2.4% | 3.3% |
| Bahman 1403 | -2.9% | 13.8% | 36.0% | 28.0% | 2.4% | 4.1% |
| Dey 1403 | 4.5% | 6.3% | 5.1% | 7.9% | 2.4% | 2.9% |
| Azar 1403 | 18.7% | 10.1% | 2.0% | 8.2% | 2.1% | 2.0% |
| Aban 1403 | 12.5% | 4.7% | -3.4% | 1.9% | 2.2% | 2.8% |
| Mehr 1403 | -4.3% | 11.1% | 22.2% | 16.6% | 2.3% | 2.7% |
| Shahrivar 1403 | 2.9% | 1.9% | 4.7% | 6.2% | 2.1% | 1.7% |
| Mordad 1403 | -6.2% | 1.4% | 5.3% | 7.2% | 2.3% | 2.0% |
| Tir 1403 | 6.3% | -6.3% | 1.1% | -0.7% | 2.2% | 2.2% |
| Khordad 1403 | -3.2% | 1.7% | -0.7% | 0.3% | 2.3% | 2.8% |
| Ordibehesht 1403 | -4.3% | -3.9% | -6.5% | -8.4% | 2.2% | 2.8% |
| Farvardin 1403 | 0.6% | 4.2% | 11.1% | 12.6% | 2.0% | 2.6% |
| Esfand 1402 | 6.0% | 6.8% | 18.1% | 16.2% | 2.2% | 2.0% |
| Bahman 1402 | -4.4% | 4.8% | 3.1% | 2.8% | 2.0% | 1.4% |
| Dey 1402 | -2.0% | 7.7% | 8.9% | 10.5% | 2.0% | 2.6% |
| Azar 1402 | 9.4% | -0.3% | 1.9% | 2.0% | 2.0% | 2.9% |
| Aban 1402 | -0.6% | -0.8% | -0.3% | 0.3% | 2.0% | 2.1% |
| Mehr 1402 | -4.2% | 2.5% | 3.5% | 3.6% | 2.0% | 2.3% |
| Shahrivar 1402 | 9.4% | 0.8% | -0.1% | 0.3% | 1.9% | 2.0% |
| Mordad 1402 | -2.3% | 1.4% | 3.7% | 1.9% | 2.0% | 2.5% |
| Tir 1402 | -8.8% | -2.8% | -6.0% | -2.7% | 1.9% | 2.0% |
| Khordad 1402 | -5.6% | -5.0% | -11.2% | -9.4% | 2.0% | 2.0% |
| Ordibehesht 1402 | -0.9% | 1.4% | 1.9% | -0.9% | 1.9% | 2.8% |
| Farvardin 1402 | 18.6% | 7.3% | -1.8% | -1.1% | 1.9% | 3.7% |
| Esfand 1401 | 27.9% | -3.6% | 7.9% | 12.3% | 1.9% | 4.7% |
| Bahman 1401 | -9.2% | 13.5% | 24.1% | 13.8% | 1.9% | 3.4% |
| Dey 1401 | 12.9% | 10.6% | 26.4% | 14.4% | 1.6% | 3.8% |
| Azar 1401 | 6.2% | 11.5% | 15.8% | 20.0% | 1.7% | 2.2% |
| Aban 1401 | 7.6% | 8.7% | 9.8% | 11.8% | 1.7% | 2.2% |
| Mehr 1401 | -3.4% | 3.6% | 4.2% | 0.7% | 1.7% | 2.5% |
| Shahrivar 1401 | -4.9% | 8.0% | 4.4% | 6.5% | 1.7% | 2.2% |
| Mordad 1401 | -3.2% | -8.0% | -7.2% | -7.6% | 1.8% | 2.2% |
| Tir 1401 | -4.4% | -0.3% | -5.0% | -6.2% | 1.6% | 4.3% |
| Khordad 1401 | -2.5% | 5.5% | 8.0% | 4.6% | 1.7% | 10.6% |
| Ordibehesht 1401 | 4.5% | 8.8% | 9.6% | 6.6% | 1.7% | 3.4% |
| Farvardin 1401 | 10.6% | 6.1% | 6.2% | 4.9% | 1.6% | 2.7% |
| Esfand 1400 | 6.6% | 3.3% | 6.3% | 5.1% | 1.6% | 1.6% |
| Bahman 1400 | 0.2% | -7.7% | -5.2% | -3.7% | 1.6% | 2.0% |
| Dey 1400 | -3.0% | -8.5% | -6.9% | -6.3% | 1.5% | 2.6% |
| Azar 1400 | -4.9% | 5.8% | 5.5% | 3.9% | 1.5% | 1.7% |
| Aban 1400 | -3.4% | 3.7% | 6.5% | 9.0% | 1.7% | 2.1% |
| Mehr 1400 | 3.6% | -0.4% | -0.4% | -0.3% | 1.4% | 3.2% |
| Shahrivar 1400 | -8.5% | -0.5% | -2.6% | -1.8% | 1.6% | 3.7% |
| Mordad 1400 | 15.6% | 12.3% | 14.5% | 11.3% | 1.7% | 3.0% |
| Tir 1400 | 12.2% | 1.5% | 1.7% | 0.9% | 1.4% | 3.2% |
| Khordad 1400 | 1.2% | 8.8% | 3.1% | 2.4% | 1.5% | 2.0% |
| Ordibehesht 1400 | -5.3% | -7.8% | -0.8% | -0.2% | 1.3% | 0.9% |
| Farvardin 1400 | -6.7% | 0.9% | -5.5% | -5.9% | 1.5% | 3.8% |
| Esfand 1399 | 5.6% | -4.8% | -9.2% | -4.9% | 1.4% | 1.8% |
| Bahman 1399 | 7.6% | 11.2% | 15.4% | 15.0% | 1.4% | 2.5% |
| Dey 1399 | -20.0% | -11.6% | -13.0% | -13.1% | 1.5% | 1.8% |
| Azar 1399 | 7.0% | -0.1% | 0.6% | 2.5% | 1.5% | 2.0% |
| Aban 1399 | -4.8% | -13.6% | -21.7% | -18.0% | 1.0% | 5.2% |
| Mehr 1399 | -11.5% | 7.8% | 13.6% | 9.8% | 1.3% | 7.0% |
| Shahrivar 1399 | -9.2% | 22.2% | 22.4% | 17.4% | 1.2% | 3.6% |
| Mordad 1399 | -8.3% | 3.2% | 7.2% | 8.9% | 1.7% | 3.5% |
| Tir 1399 | 50.8% | 11.9% | 25.1% | 20.4% | 2.6% | 6.4% |
| Khordad 1399 | 28.8% | 10.1% | 8.3% | 9.0% | 1.8% | 2.0% |
| Ordibehesht 1399 | 43.0% | 14.6% | 19.3% | 20.4% | 4.4% | 2.5% |
| Farvardin 1399 | 34.5% | 3.6% | 3.3% | 1.5% | 1.8% | 2.1% |
| Esfand 1398 | 7.1% | 3.5% | 13.1% | 9.9% | 1.8% | 1.5% |
| Bahman 1398 | 16.8% | 7.1% | 10.0% | 11.2% | 1.6% | 1.1% |
| Dey 1398 | 15.8% | 2.0% | 7.4% | 7.0% | 1.7% | 0.8% |
| Azar 1398 | 16.1% | 11.7% | 8.5% | 9.1% | 1.6% | 3.2% |
| Aban 1398 | -1.1% | 5.0% | 7.0% | 6.8% | 1.6% | 1.6% |
| Mehr 1398 | 2.1% | -1.4% | -3.2% | -2.9% | 1.7% | 1.7% |
| Shahrivar 1398 | 13.5% | -1.8% | -3.0% | -2.2% | 1.6% | 0.5% |
| Mordad 1398 | 5.2% | -7.4% | -4.8% | -0.1% | 1.5% | 0.7% |
| Tir 1398 | 7.7% | -5.1% | -6.8% | -4.1% | 1.7% | 2.8% |
| Khordad 1398 | 9.2% | -8.3% | -3.4% | -1.2% | 1.6% | 0.8% |
| Ordibehesht 1398 | 5.2% | 6.8% | 1.0% | 0.6% | 1.7% | 1.5% |
| Farvardin 1398 | 14.4% | 4.5% | 2.5% | 2.0% | 1.4% | 4.0% |
| Esfand 1397 | 13.5% | -0.6% | 1.4% | -2.3% | 1.7% | 3.9% |
| Bahman 1397 | -4.9% | 11.5% | 13.0% | 18.8% | 1.4% | 2.2% |
| Dey 1397 | 6.1% | 15.2% | 21.0% | 21.9% | 1.8% | 2.0% |
| Azar 1397 | -11.2% | -20.9% | -15.1% | -17.8% | 1.7% | 2.6% |
| Aban 1397 | -6.4% | -10.0% | -11.3% | -9.0% | 1.7% | 2.6% |
| Mehr 1397 | 17.0% | -5.0% | -3.1% | -3.5% | 1.9% | 7.0% |
| Shahrivar 1397 | 17.3% | 41.6% | 19.1% | 41.9% | 1.6% | 5.4% |
| Mordad 1397 | 25.8% | 12.6% | 13.6% | 7.3% | 1.2% | 5.2% |
| Tir 1397 | 0% | 25.1% | 31.2% | 22.9% | 1.9% | 4.4% |
| Khordad 1397 | 14.3% | 17.3% | 28.9% | 19.6% | 1.3% | 1.9% |
| Ordibehesht 1397 | -0.3% | 23.0% | 10.1% | 10.2% | 1.7% | 1.1% |
| Farvardin 1397 | -0.8% | 6.0% | 13.3% | 10.8% | 1.3% | 1.3% |
| Esfand 1396 | -1.9% | 7.1% | 9.3% | 7.1% | 1.3% | 0.2% |
| Bahman 1396 | -0.7% | -0.5% | -3.4% | -0.7% | 1.4% | 0.3% |
| Dey 1396 | 3.5% | 9.6% | 9.6% | 11.7% | 1.6% | 0.4% |
| Azar 1396 | 7.6% | 1.8% | -1.6% | 1.7% | 1.3% | 0.8% |
| Aban 1396 | 2.6% | 2.6% | 8.6% | 3.5% | 1.7% | 1.0% |
| Mehr 1396 | 0.8% | 3.2% | 5.6% | 2.2% | 1.8% | 1.3% |
| Shahrivar 1396 | 4.2% | 1.6% | 2.1% | 0.8% | 1.7% | 0% |
| Mordad 1396 | 2.1% | 1.5% | 0.8% | 3.9% | 1.9% | 0.4% |
| Tir 1396 | 2.5% | 0.5% | -0.9% | 0% | 1.6% | 1.1% |
| Khordad 1396 | -3.0% | 0.6% | 0% | -0.4% | 1.7% | 0.2% |
| Ordibehesht 1396 | 3.2% | -0.4% | -0.6% | -2.4% | 1.8% | -0.1% |
| Farvardin 1396 | 1.8% | 0% | 1.7% | 2.3% | 1.5% | 1.4% |
| Esfand 1395 | -0.5% | -1.2% | 0.8% | 0.5% | 1.9% | 1.2% |
| Bahman 1395 | -2.2% | -0.7% | 1.3% | 0.3% | 1.7% | 0.5% |
| Dey 1395 | -0.9% | -4.0% | 2.4% | 1.6% | 1.6% | 0.8% |
| Azar 1395 | 1.1% | 8.1% | 4.1% | 2.5% | 1.6% | 0.8% |
| Aban 1395 | 1.5% | 2.6% | 0.4% | -0.1% | 1.7% | 0.2% |
| Mehr 1395 | 2.1% | 0.7% | -2.1% | -3.4% | 1.5% | 0.5% |
| Shahrivar 1395 | -2.1% | 0.5% | 0.5% | 0.8% | 1.7% | 0.3% |
| Mordad 1395 | 4.8% | 1.3% | 2.3% | 2.2% | 1.8% | 1.0% |
| Tir 1395 | 2.6% | 1.2% | 5.8% | 5.8% | 1.1% | 1.1% |
| Khordad 1395 | -5.0% | 0.5% | 1.8% | 1.5% | 1.1% | 0.7% |
| Ordibehesht 1395 | -2.6% | -0.4% | -1.9% | -1.8% | 1.0% | 0.1% |
| Farvardin 1395 | -2.2% | 0.9% | 1.6% | 1.3% | 2.1% | 0.6% |
| Esfand 1394 | 3.0% | -0.7% | 2.7% | 3.3% | No data | 0.2% |
| Bahman 1394 | 17.0% | 1.9% | 5.1% | 5.6% | No data | -0.3% |
| Dey 1394 | 8.2% | -0.1% | 1.5% | 0.6% | No data | 0.3% |
| Azar 1394 | -2.2% | -0.2% | 1.9% | 2.3% | No data | 1.3% |
| Aban 1394 | -0.5% | 0.3% | -3.6% | -3.8% | No data | 0.6% |
| Mehr 1394 | 2.6% | 0% | 3.5% | 2.8% | No data | 0.6% |
| Shahrivar 1394 | -5.6% | 1.0% | -3.0% | -2.7% | No data | 0.8% |
| Mordad 1394 | -3.6% | 3.1% | 7.5% | 7.7% | No data | 0.5% |
| Tir 1394 | 6.0% | -0.4% | -3.8% | -3.4% | No data | 1.2% |
| Khordad 1394 | 0.2% | -0.8% | -2.9% | -3.6% | No data | 1.1% |
| Ordibehesht 1394 | -4.9% | -1.5% | -3.0% | -2.9% | No data | 0.5% |
| Farvardin 1394 | 7.2% | -0.1% | 1.7% | 1.2% | No data | 1.2% |
| Esfand 1393 | -3.4% | -2.0% | -3.7% | -1.9% | No data | 0.6% |
| Bahman 1393 | -1.3% | -1.4% | -5.9% | -7.1% | No data | 0.1% |
| Dey 1393 | -5.7% | -1.3% | 5.1% | 5.6% | No data | 0.8% |
| Azar 1393 | -7.6% | 7.9% | 8.6% | 7.9% | No data | 2.0% |
| Aban 1393 | 1.5% | 0.7% | -1.9% | -2.1% | No data | 0.9% |
| Mehr 1393 | 3.4% | 1.2% | 0.6% | 1.1% | No data | 1.3% |
| Shahrivar 1393 | -3.0% | 3.1% | -1.1% | -1.3% | No data | 0.8% |
| Mordad 1393 | -0.8% | -1.3% | -1.6% | -1.3% | No data | 1.6% |
| Tir 1393 | 2.1% | -1.9% | -2.1% | -2.2% | No data | 2.4% |
| Khordad 1393 | -5.0% | -2.9% | -1.6% | -1.6% | No data | 0.7% |
| Ordibehesht 1393 | 3.5% | 1.4% | 0.4% | 0.2% | No data | 0.7% |
| Farvardin 1393 | -6.1% | 7.4% | 3.4% | 3.2% | No data | 1.4% |
On Fundai you can pick the markets, the amount and the starting month yourself and see how your money would have grown in each. Returns from a week to 5 years to today are on the market overview.
Frequently asked questions
Which market returned the most in 1404?
In 1404, 18k gold returned the most, 117.5%, and the equal-weight index the least, 19.8%.
What was inflation in 1404, and which markets beat it?
Inflation in 1404 (the growth of Iran's consumer price index, as reported by the Statistical Centre of Iran) was 71.8%. The Bourse total index rose 37.0%, trailing inflation; its real return after inflation was -20.2%. Of the other markets, 18k gold (117.5%) and the Emami gold coin (95.8%) beat inflation and the free-market dollar and fixed-income funds fell behind it.
How have the markets done in 1405 so far?
From the start of 1405 to 1405/07/29: the Bourse total index 120.1%, the free-market dollar 69.7%, the Emami gold coin 39.8% and 18k gold 47.1%.
What did the Tehran Stock Exchange, the dollar, the coin and gold return over the last 10 years?
From the start of 1395 to the end of 1404: the Bourse total index 4,529.8% (46x), the free-market dollar 4,549.1% (46x), the Emami gold coin 18,639.3% (187x) and 18k gold 16,945.7% (170x).
What did 100 million tomans invested in the Tehran Stock Exchange 10 years ago grow to?
At the Bourse total index's return from the start of 1395 to the end of 1404, 100 million tomans grew to about 4.6 billion tomans. This is the index's return, not an investor's portfolio, before fees and tax.
Gold or dollar: which returned more over the last 5 years?
18k gold: from the start of 1400 to the end of 1404, 18k gold returned 1,525.0% (16x) and the free-market dollar 564.7% (6.6x).
Housing or gold: which returned more over the last 5 years?
18k gold: from the start of 1400 to the end of 1404, 18k gold returned 1,525.0% (16x) and Tehran housing (per m², approximate) 317.5% (4.2x).