Inflation-Adjusted iShares Core S&P Mid-Cap ETF (IJH)

The iShares Core S&P Mid-Cap ETF (IJH) tracks the S&P MidCap 400 Index, providing exposure to a broad range of mid-sized US companies.

Nominal returns can be misleading without considering the effects of inflation. This page adjusts IJH's historical prices for inflation with the US Consumer Price Index to reveal its true performance. Use the charts and tables on this page to compare nominal versus inflation-adjusted figures and understand the ETF's real long-term growth.

Nominal prices are adjusted for stock splits and assume reinvestment of any dividends to reflect total return. Inflation-adjusted prices use March 2026 as the baseline (latest available CPI).

The current value of the iShares Core S&P Mid-Cap ETF is 72.81 (as of the close of May 1, 2026), 0.75% lower than the all-time high of 73.36 (Apr 20, 2026).

Since May 26, 2000, the inflation-adjusted total return for the ETF has been 478.57%, which is equivalent to an annual growth rate of 7%.

In nominal values, the total return since this date has been 1,014%, or an annualized rate of 9.74%.

Inflation-Adjusted Values by Month

This data presents the ETF's end-of-month closing levels over time. The inflation-adjusted column shows what each past level would represent in roughly today's dollars based on the latest CPI reading, following the same present-value method that underlies the US Inflation Calculator. The newest row will show matching nominal and adjusted values until another CPI update becomes available.

Date	Inflation-Adjusted	Nominal value
May 2026	72.81	72.81
Apr 2026	72.77	72.77
Mar 2026	67.53	67.53
Feb 2026	72.07	71.32
Jan 2026	69.56	68.51
Dec 2025	67.1	65.85
Nov 2025	67.1	65.86
Oct 2025	64.46	64.46
Sep 2025	65.87	64.79
Aug 2025	65.72	64.48
Jul 2025	63.76	62.37
Jun 2025	62.83	61.37
May 2025	60.84	59.23
Apr 2025	57.79	56.14
Mar 2025	59.44	57.56
Feb 2025	63	60.88
Jan 2025	66.11	63.6
Dec 2024	64.14	61.3
Nov 2024	69.12	66.04
Oct 2024	63.45	60.65
Sep 2024	63.95	61.06
Aug 2024	63.37	60.41
Jul 2024	63.5	60.49
Jun 2024	60.04	57.12
May 2024	61.08	58.09
Apr 2024	58.57	55.61
Mar 2024	62.51	59.12
Feb 2024	59.56	55.98
Jan 2024	56.61	52.88
Dec 2023	57.93	53.81
Nov 2023	53.24	49.5
Oct 2023	48.97	45.62
Sep 2023	51.72	48.2
Aug 2023	54.9	51.05
Jul 2023	56.83	52.61
Jun 2023	54.66	50.5
May 2023	50.23	46.26
Apr 2023	52.03	47.8
Mar 2023	52.7	48.17
Feb 2023	54.6	49.74
Jan 2023	55.95	50.69
Dec 2022	51.62	46.4
Nov 2022	54.65	49.27
Oct 2022	51.52	46.5
Sep 2022	46.77	42.04
Aug 2022	51.63	46.3
Jul 2022	53.3	47.82
Jun 2022	48.04	43.11
May 2022	53.91	47.72
Apr 2022	54.09	47.35
Mar 2022	58.55	50.98
Feb 2022	58.57	50.32
Jan 2022	58.39	49.72
Dec 2021	63.49	53.61
Nov 2021	60.59	51
Oct 2021	62.78	52.58
Sep 2021	59.76	49.64
Aug 2021	62.43	51.72
Jul 2021	61.34	50.71
Jun 2021	61.41	50.53
May 2021	62.69	51.1
Apr 2021	63.01	50.96
Mar 2021	60.85	48.81
Feb 2021	58.52	46.61
Jan 2021	55.07	43.62
Dec 2020	54.49	42.98
Nov 2020	51.23	40.38
Oct 2020	44.81	35.33
Sep 2020	43.84	34.56
Aug 2020	45.42	35.75
Jul 2020	43.99	34.52
Jun 2020	42.28	33.01
May 2020	41.95	32.57
Apr 2020	39.11	30.37
Mar 2020	34.04	26.61
Feb 2020	42.59	33.36
Jan 2020	47.18	36.86
Dec 2019	48.63	37.84
Nov 2019	47.26	36.81
Oct 2019	45.87	35.75
Sep 2019	45.49	35.37
Aug 2019	44.14	34.29
Jul 2019	46.03	35.77
Jun 2019	45.64	35.4
May 2019	42.37	32.86
Apr 2019	46.15	35.72
Mar 2019	44.63	34.36
Feb 2019	45.13	34.55
Jan 2019	43.43	33.1
Dec 2018	39.45	30.01
Nov 2018	44.35	33.85
Oct 2018	42.85	32.81
Sep 2018	47.46	36.28
Aug 2018	48.04	36.68
Jul 2018	46.6	35.56
Jun 2018	45.82	34.96
May 2018	45.69	34.81
Apr 2018	44.04	33.42
Mar 2018	44.36	33.53
Feb 2018	44.04	33.21
Jan 2018	46.27	34.73
Dec 2017	45.27	33.8
Nov 2017	45.13	33.71
Oct 2017	43.51	32.5
Sep 2017	42.51	31.78
Aug 2017	41.14	30.59
Jul 2017	41.9	31.06
Jun 2017	41.5	30.79
May 2017	40.9	30.31
Apr 2017	41.11	30.44
Mar 2017	40.91	30.2
Feb 2017	41.1	30.32
Jan 2017	40.21	29.57
Dec 2016	39.76	29.07
Nov 2016	38.91	28.44
Oct 2016	36	26.35
Sep 2016	37.03	27.08
Aug 2016	37.34	27.24
Jul 2016	37.19	27.1
Jun 2016	35.66	26.03
May 2016	35.59	25.89
Apr 2016	34.92	25.3
Mar 2016	34.69	25.02
Feb 2016	32.08	23.04
Jan 2016	31.69	22.74
Dec 2015	33.62	24.08
Nov 2015	34.98	25.14
Oct 2015	34.44	24.81
Sep 2015	32.61	23.5
Aug 2015	33.63	24.27
Jul 2015	35.57	25.71
Jun 2015	35.57	25.7
May 2015	36.14	26.03
Apr 2015	35.73	25.6
Mar 2015	36.32	25.97
Feb 2015	36.05	25.63
Jan 2015	34.46	24.39
Dec 2014	34.68	24.66
Nov 2014	34.2	24.46
Oct 2014	33.39	24.01
Sep 2014	32.16	23.18
Aug 2014	33.71	24.28
Jul 2014	32.04	23.11
Jun 2014	33.5	24.18
May 2014	32.2	23.2
Apr 2014	31.76	22.8
Mar 2014	32.38	23.17
Feb 2014	32.47	23.08
Jan 2014	31.04	21.99
Dec 2013	31.85	22.48
Nov 2013	30.93	21.83
Oct 2013	30.42	21.52
Sep 2013	29.31	20.78
Aug 2013	27.82	19.7
Jul 2013	29.01	20.52
Jun 2013	27.24	19.26
May 2013	27.87	19.66
Apr 2013	27.31	19.23
Mar 2013	27.12	19.12
Feb 2013	25.92	18.22
Jan 2013	25.91	18.07
Dec 2012	24.23	16.85
Nov 2012	23.65	16.49
Oct 2012	23.03	16.13
Sep 2012	23.19	16.25
Aug 2012	22.88	15.97
Jul 2012	22.23	15.43
Jun 2012	22.25	15.46
May 2012	21.76	15.14
Apr 2012	23.22	16.18
Mar 2012	23.38	16.24
Feb 2012	23.12	15.94
Jan 2012	22.21	15.25
Dec 2011	20.93	14.3
Nov 2011	20.99	14.38
Oct 2011	21.02	14.41
Sep 2011	18.45	12.68
Aug 2011	20.67	14.18
Jul 2011	22.29	15.25
Jun 2011	23.15	15.82
May 2011	23.63	16.17
Apr 2011	24.05	16.38
Mar 2011	23.57	15.95
Feb 2011	23.22	15.56
Jan 2011	22.32	14.88
Dec 2010	22.02	14.62
Nov 2010	20.68	13.71
Oct 2010	20.08	13.3
Sep 2010	19.45	12.86
Aug 2010	17.49	11.56
Jul 2010	18.41	12.16
Jun 2010	17.25	11.39
May 2010	18.45	12.19
Apr 2010	19.87	13.12
Mar 2010	19.07	12.57
Feb 2010	17.89	11.74
Jan 2010	17.01	11.16
Dec 2009	17.64	11.54
Nov 2009	16.6	10.87
Oct 2009	15.95	10.44
Sep 2009	16.72	10.94
Aug 2009	15.82	10.34
Jul 2009	15.19	9.9
Jun 2009	13.99	9.14
May 2009	14.04	9.09
Apr 2009	13.63	8.8
Mar 2009	11.91	7.67
Feb 2009	11.01	7.07
Jan 2009	12.21	7.81
Dec 2008	13.15	8.37
Nov 2008	12.47	8.02
Oct 2008	13.53	8.87
Sep 2008	17.02	11.27
Aug 2008	19.04	12.64
Jul 2008	18.7	12.46
Jun 2008	19.11	12.67
May 2008	20.77	13.63
Apr 2008	19.88	12.93
Mar 2008	18.61	12.03
Feb 2008	18.94	12.14
Jan 2008	19.35	12.37
Dec 2007	20.62	13.12
Nov 2007	20.8	13.24
Oct 2007	21.99	13.91
Sep 2007	21.5	13.58
Aug 2007	21	13.22
Jul 2007	20.67	13.04
Jun 2007	21.73	13.71
May 2007	22.22	13.99
Apr 2007	21.29	13.33
Mar 2007	20.84	12.96
Feb 2007	20.76	12.79
Jan 2007	20.69	12.68
Dec 2006	20.01	12.23
Nov 2006	20.18	12.31
Oct 2006	19.55	11.95
Sep 2006	18.65	11.46
Aug 2006	18.4	11.36
Jul 2006	18.21	11.22
Jun 2006	18.84	11.57
May 2006	18.92	11.6
Apr 2006	19.91	12.15
Mar 2006	19.79	11.97
Feb 2006	19.41	11.68
Jan 2006	19.52	11.72
Dec 2005	18.65	11.12
Nov 2005	18.46	11.05
Oct 2005	17.32	10.45
Sep 2005	17.91	10.78
Aug 2005	18.01	10.71
Jul 2005	18.28	10.82
Jun 2005	17.41	10.26
May 2005	17	10.01
Apr 2005	16.07	9.47
Mar 2005	16.78	9.82
Feb 2005	17.11	9.94
Jan 2005	16.66	9.62
Dec 2004	17.09	9.85
Nov 2004	16.39	9.48
Oct 2004	15.47	8.94
Sep 2004	15.34	8.82
Aug 2004	14.96	8.58
Jul 2004	14.96	8.58
Jun 2004	15.68	9.01
May 2004	15.39	8.81
Apr 2004	15.14	8.62
Mar 2004	15.75	8.94
Feb 2004	15.75	8.88
Jan 2004	15.44	8.66
Dec 2003	15.2	8.48
Nov 2003	14.97	8.36
Oct 2003	14.45	8.1
Sep 2003	13.38	7.5
Aug 2003	13.65	7.63
Jul 2003	13.11	7.3
Jun 2003	12.66	7.04
May 2003	12.51	6.95
Apr 2003	11.53	6.42
Mar 2003	10.77	6.01
Feb 2003	10.72	5.95
Jan 2003	11.05	6.08
Dec 2002	11.48	6.29
Nov 2002	11.95	6.56
Oct 2002	11.28	6.19
Sep 2002	10.83	5.94
Aug 2002	11.82	6.47
Jul 2002	11.79	6.43
Jun 2002	13.05	7.11
May 2002	14.09	7.67
Apr 2002	14.35	7.81
Mar 2002	14.47	7.83
Feb 2002	13.56	7.3
Jan 2002	13.67	7.33
Dec 2001	13.7	7.33
Nov 2001	13.02	6.99
Oct 2001	12.11	6.52
Sep 2001	11.57	6.25
Aug 2001	13.27	7.13
Jul 2001	13.65	7.34
Jun 2001	13.88	7.48
May 2001	13.96	7.51
Apr 2001	13.72	7.35
Mar 2001	12.37	6.6
Feb 2001	13.37	7.12
Jan 2001	14.23	7.54
Dec 2000	14.08	7.42
Nov 2000	13.16	6.94
Oct 2000	14.15	7.46
Sep 2000	14.65	7.71
Aug 2000	14.89	7.79
Jul 2000	13.39	7.01
Jun 2000	13.3	6.95
May 2000	13.05	6.78

Returns from Investing in the iShares Core S&P Mid-Cap ETF

How much did an investment in the IJH ETF really grow each year after accounting for inflation? The following chart contains the inflation-adjusted real annual percentage returns.

Detailed Annual Returns (Adjusted vs. Nominal)

The table below shows the returns for the iShares Core S&P Mid-Cap ETF by year, both inflation-adjusted and nominal. You can sort any column by clicking on the header.

Year	Inflation-Adjusted Return	Nominal Return
2024	10.72%	13.92%
2023	12.22%	15.98%
2022	-18.7%	-13.45%
2021	16.51%	24.71%
2020	12.06%	13.59%
2019	23.27%	26.09%
2018	-12.86%	-11.2%
2017	13.85%	16.25%
2016	18.26%	20.71%
2015	-3.05%	-2.35%
2014	8.88%	9.7%
2013	31.48%	33.46%
2012	15.77%	17.78%
2011	-4.98%	-2.17%
2010	24.85%	26.72%
2009	34.16%	37.81%
2008	-36.24%	-36.18%
2007	3.08%	7.29%
2006	7.24%	9.96%
2005	9.15%	12.88%
2004	12.42%	16.08%
2003	32.46%	34.95%
2002	-16.2%	-14.21%
2001	-2.76%	-1.25%

Ishares Core S&P Mid-Cap Etf: Average Annualized Returns

Annualized returns show the average rate of growth per year, making it easier to compare performance across different time periods. While nominal returns indicate the headline growth, adjusting for inflation reveals the actual change in purchasing power.

This table presents both nominal and inflation-adjusted average annual returns for the iShares Core S&P Mid-Cap over various trailing periods ending March 31, 2026, offering a clearer view of long-term, real investment performance.

Period	Avg. Annual Return (Inflation-Adjusted)	Avg. Annual Return (Nominal)
Last 1 year	13.62%	17.32%
Last 3 years	8.61%	11.92%
Last 5 years	2.11%	6.71%
Last 10 years	6.89%	10.44%
Last 20 years	6.33%	9.03%

Real Returns of Investing in the iShares Core S&P Mid-Cap

The chart and table below show the nominal and inflation-adjusted value of a hypothetical $100 investment over various long-term historical periods, ending in September 2025.

The inflation-adjusted line, in green, represents the real increase in purchasing power for the initial investment. Observe the gap between both lines, which illustrates the cumulative effect of inflation over time.

Even over just five years, inflation takes a noticeable bite out of investments. Investing $100 in the iShares Core S&P Mid-Cap five years ago yielded an 39% nominal gain, but the real return (the actual increase in buying power) was 12.56%.

As investment periods get longer, the difference between reported nominal returns and the inflation-adjusted gains usually becomes much greater due to the compounding effect of inflation over time.

Investment Period	What $100 Grew To (Nominal)	Total Nominal Return (%)	Total Inflation-Adjusted Return (%)
Last 5 years Feb 2021 - Sep 2025	$139	39%	12.56%
Last 10 years Feb 2016 - Sep 2025	$281.24	181.24%	105.31%
Last 25 years Feb 2001 - Sep 2025	$910.35	810.35%	392.73%

About the iShares Core S&P Mid-Cap ETF

The iShares Core S&P Mid-Cap ETF (IJH) is an exchange-traded fund managed by BlackRock that seeks to track the investment results of an index composed of mid-capitalization US equities. Launched in May 2000, IJH offers investors targeted exposure to the US mid-cap stock market, which includes companies with market capitalizations generally between $2 billion and $10 billion.

The fund holds stocks of 400 mid-sized US companies, providing diversified exposure across various sectors. IJH is a popular choice for investors looking to capture the growth potential of mid-cap companies.

Last Close May 1, 2026	72.81
Highest Apr 20, 2026	73.36
Highest, Inflation-Adjusted Apr 20, 2026	73.36
Annualized return Since May 26, 2000	9.74%
Annualized return, Inflation-Adjusted Since May 26, 2000	7%