Historical data shows that a consistent $500 monthly investment into Andretti Acquisition Corp. II (POLEW) starting in 2020 would have turned a total investment of $20K into $36K today. This represents a total return of 80.5% over the 6-year period, compounding through dividend reinvestment and market growth.
The Impact of Dividend Reinvestment (DRIP)
Andretti Acquisition Corp. II does not currently pay a notable dividend. For growth-focused stocks like POLEW, dollar cost averaging relies entirely on price appreciation. Over the 6-year period, the strategy successfully captured the stock's price movements, resulting in a final portfolio value of $36K without the need for dividend reinvestment.
POLEW vs. S&P 500 (SPY) Benchmark
When comparing this dollar cost averaging strategy against a broad market index,POLEW outperformed the S&P 500 ETF (SPY). The same $500 monthly contributions into SPY would have grown to $24K, compared to POLEW's $36K.