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Glossary entry · Money in motion

Annualized return

Definition

A return over several years restated as the compound annual rate that would produce the same result. If an investment grew 50% over 5 years, the annualized return is ≈8.4%/year (not 10%). Almost every chart you see is annualized — without it, comparing different time horizons is meaningless. Sometimes called CAGR (Compound Annual Growth Rate).

Example

A portfolio that doubled over 10 years had an annualized return of about 7.2%/year.