Inflation-Adjusted iShares Core S&P 500 ETF (IVV)

The iShares Core S&P 500 ETF (IVV) tracks the S&P 500 Index, offering investors exposure to 500 of the largest US companies.

Understanding an investment's true growth requires looking beyond its nominal price changes. This page adjusts IVV's historical prices for inflation using the US Consumer Price Index to show its real performance. Explore the charts and data below to compare the nominal and inflation-adjusted values and see the ETF's actual long-term growth.

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

The current value of the iShares Core S&P 500 ETF is 769.31 (as of the close of Aug 21, 2026), 1.56% lower than the all-time high of 781.47 (Aug 13, 2026).

Since May 19, 2000, the inflation-adjusted total return for the ETF has been 346.9%, which is equivalent to an annual growth rate of 5.87%.

In nominal values, the total return since this date has been 770.14%, or an annualized rate of 8.59%.

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
Aug 2026	769.31	769.31
Jul 2026	750.32	750.32
Jun 2026	748.81	748.89
May 2026	755.29	758.02
Apr 2026	722.08	720.14
Mar 2026	658.77	651.46
Feb 2026	700.69	685.72
Jan 2026	709.76	691.34
Dec 2025	702.04	681.3
Nov 2025	701.41	680.83
Oct 2025	679.19	679.19
Sep 2025	682.03	663.4
Aug 2025	660.34	640.68
Jul 2025	648.53	627.42
Jun 2025	635.19	613.59
May 2025	605.96	583.36
Apr 2025	572.16	549.68
Mar 2025	578	553.56
Feb 2025	613.62	586.36
Jan 2025	624.22	593.84
Dec 2024	611.7	578.15
Nov 2024	626.76	592.17
Oct 2024	591.39	559.07
Sep 2024	597.86	564.53
Aug 2024	586.09	552.53
Jul 2024	572.67	539.44
Jun 2024	567.02	533.5
May 2024	547.68	515.12
Apr 2024	522.17	490.31
Mar 2024	546.33	511.01
Feb 2024	532.19	494.59
Jan 2024	508.99	470.12
Dec 2023	503.78	462.79
Nov 2023	481.1	442.39
Oct 2023	439.83	405.26
Sep 2023	449.6	414.42
Aug 2023	472.97	434.88
Jul 2023	482.9	442.08
Jun 2023	468.61	428.18
May 2023	441.03	401.68
Apr 2023	440.27	399.99
Mar 2023	435.53	393.68
Feb 2023	421.28	379.55
Jan 2023	434.64	389.41
Dec 2022	412.25	366.43
Nov 2022	435.97	388.7
Oct 2022	412.62	368.25
Sep 2022	383.17	340.58
Aug 2022	423.07	375.25
Jul 2022	441.13	391.4
Jun 2022	403.68	358.21
May 2022	446.39	390.75
Apr 2022	449.88	389.51
Mar 2022	496.29	427.31
Feb 2022	484.72	411.85
Jan 2022	503.7	424.1
Dec 2021	536.29	447.77
Nov 2021	514.47	428.24
Oct 2021	520.8	431.38
Sep 2021	490.76	403.15
Aug 2021	516.28	422.97
Jul 2021	502.17	410.56
Jun 2021	492.58	400.79
May 2021	486.18	391.95
Apr 2021	486.86	389.37
Mar 2021	466.18	369.79
Feb 2021	449.03	353.69
Jan 2021	439.37	344.19
Dec 2020	445.84	347.78
Nov 2020	430.02	335.13
Oct 2020	387.53	302.2
Sep 2020	397.68	309.98
Aug 2020	413.8	322.09
Jul 2020	387.94	301.02
Jun 2020	368.34	284.37
May 2020	363.46	279.08
Apr 2020	346.77	266.26
Mar 2020	305.7	236.3
Feb 2020	347.15	268.93
Jan 2020	380.25	293.76
Dec 2019	381.72	293.76
Nov 2019	370.54	285.41
Oct 2019	357.34	275.4
Sep 2019	350.59	269.58
Aug 2019	344.17	264.44
Jul 2019	349.96	268.89
Jun 2019	345.29	264.87
May 2019	322.94	247.68
Apr 2019	345.39	264.32
Mar 2019	333.86	254.16
Feb 2019	329.44	249.39
Jan 2019	320.48	241.58
Dec 2018	297.52	223.84
Nov 2018	325.46	245.65
Oct 2018	318.26	241.02
Sep 2018	342.16	258.67
Aug 2018	340.74	257.3
Jul 2018	330.25	249.24
Jun 2018	318.34	240.24
May 2018	317	238.84
Apr 2018	310.82	233.22
Mar 2018	310.96	232.39
Feb 2018	319.58	238.3
Jan 2018	333.73	247.73
Dec 2017	317.48	234.39
Nov 2017	313.51	231.59
Oct 2017	304.03	224.58
Sep 2017	296.93	219.48
Aug 2017	292.54	215.09
Jul 2017	292.61	214.51
Jun 2017	286.47	210.15
May 2017	284.83	208.76
Apr 2017	281.16	205.89
Mar 2017	279.3	203.92
Feb 2017	279.2	203.68
Jan 2017	269.37	195.9
Dec 2016	266.28	192.53
Nov 2016	260.78	188.49
Oct 2016	251.16	181.82
Sep 2016	256.03	185.11
Aug 2016	256.64	185.11
Jul 2016	256.54	184.87
Jun 2016	246.9	178.21
May 2016	247.09	177.76
Apr 2016	243.96	174.8
Mar 2016	244.16	174.12
Feb 2016	229.56	163.01
Jan 2016	229.88	163.1
Dec 2015	242.39	171.69
Nov 2015	245.83	174.73
Oct 2015	244.35	174.04
Sep 2015	225.15	160.44
Aug 2015	230.57	164.56
Jul 2015	245.31	175.33
Jun 2015	240.07	171.57
May 2015	245.79	175.04
Apr 2015	243.87	172.79
Mar 2015	242.01	171.13
Feb 2015	247.41	173.91
Jan 2015	235.21	164.62
Dec 2014	241.09	169.54
Nov 2014	240.44	170.05
Oct 2014	232.74	165.49
Sep 2014	226.74	161.63
Aug 2014	230.08	163.88
Jul 2014	220.92	157.63
Jun 2014	223.96	159.86
May 2014	219.8	156.6
Apr 2014	215.64	153.1
Mar 2014	214.75	151.97
Feb 2014	214.27	150.65
Jan 2014	205.68	144.08
Dec 2013	213.91	149.29
Nov 2013	208.55	145.57
Oct 2013	202.1	141.35
Sep 2013	192.69	135.12
Aug 2013	186.87	130.88
Jul 2013	192.95	134.98
Jun 2013	183.16	128.08
May 2013	186.56	130.15
Apr 2013	182.51	127.1
Mar 2013	178.81	124.65
Feb 2013	172.92	120.23
Jan 2013	172.01	118.62
Dec 2012	164.12	112.85
Nov 2012	162.16	111.8
Oct 2012	160	110.84
Sep 2012	163.24	113.12
Aug 2012	160.23	110.55
Jul 2012	157.23	107.88
Jun 2012	155.05	106.55
May 2012	148.57	102.25
Apr 2012	157.88	108.79
Mar 2012	159.41	109.51
Feb 2012	155.5	106.02
Jan 2012	149.87	101.73
Dec 2011	143.89	97.25
Nov 2011	142.03	96.22
Oct 2011	142.36	96.53
Sep 2011	128.39	87.24
Aug 2011	137.95	93.59
Jul 2011	146.42	99.06
Jun 2011	149.49	101.05
May 2011	151.88	102.78
Apr 2011	154.44	104.02
Mar 2011	150.97	101.03
Feb 2011	152.45	101.04
Jan 2011	148.08	97.66
Dec 2010	145.44	95.47
Nov 2010	136.44	89.41
Oct 2010	136.59	89.47
Sep 2010	131.7	86.15
Aug 2010	121.09	79.17
Jul 2010	126.88	82.84
Jun 2010	118.62	77.43
May 2010	125.09	81.73
Apr 2010	136.07	88.84
Mar 2010	134.13	87.42
Feb 2010	126.93	82.39
Jan 2010	123.08	79.87
Dec 2009	128.27	82.95
Nov 2009	125.65	81.4
Oct 2009	118.52	76.73
Sep 2009	120.96	78.23
Aug 2009	116.8	75.5
Jul 2009	112.93	72.83
Jun 2009	105	67.82
May 2009	105.86	67.8
Apr 2009	100.31	64.06
Mar 2009	91.31	58.16
Feb 2009	84.73	53.84
Jan 2009	95.2	60.2
Dec 2008	104.08	65.53
Nov 2008	102.01	64.89
Oct 2008	108.13	70.13
Sep 2008	128.39	84.12
Aug 2008	140.71	92.32
Jul 2008	138.1	90.97
Jun 2008	139.86	91.65
May 2008	154.21	100.04
Apr 2008	153.53	98.77
Mar 2008	147.35	94.23
Feb 2008	149.58	94.83
Jan 2008	154.27	97.52
Dec 2007	165.4	104.04
Nov 2007	166.67	104.91
Oct 2007	174.86	109.41
Sep 2007	172.79	107.89
Aug 2007	166.46	103.65
Jul 2007	164	102.3
Jun 2007	169.36	105.67
May 2007	172.36	107.34
Apr 2007	167.68	103.79
Mar 2007	161.79	99.5
Feb 2007	161.36	98.34
Jan 2007	165.35	100.24
Dec 2006	163.52	98.82
Nov 2006	161.53	97.47
Oct 2006	158.18	95.59
Sep 2006	152.43	92.62
Aug 2006	147.74	90.21
Jul 2006	144.84	88.27
Jun 2006	144.7	87.93
May 2006	144.6	87.69
Apr 2006	149.7	90.34
Mar 2006	149.05	89.18
Feb 2006	147.57	87.81
Jan 2006	147.08	87.35
Dec 2005	144.63	85.24
Nov 2005	144.27	85.38
Oct 2005	137.4	81.96
Sep 2005	140.69	83.76
Aug 2005	141.25	83.08
Jul 2005	143.36	83.89
Jun 2005	138.68	80.78
May 2005	138.58	80.68
Apr 2005	134.22	78.22
Mar 2005	137.59	79.65
Feb 2005	141.23	81.12
Jan 2005	139.15	79.47
Dec 2004	142.64	81.29
Nov 2004	137.89	78.87
Oct 2004	132.11	75.53
Sep 2004	131.16	74.59
Aug 2004	130.19	73.88
Jul 2004	130	73.74
Jun 2004	134	76.12
May 2004	132.08	74.8
Apr 2004	130.66	73.56
Mar 2004	133.58	74.97
Feb 2004	136.12	75.9
Jan 2004	135.15	74.96
Dec 2003	132.95	73.38
Nov 2003	126.67	69.99
Oct 2003	124.81	69.15
Sep 2003	118.28	65.6
Aug 2003	119.87	66.27
Jul 2003	118.1	65.04
Jun 2003	116.24	63.95
May 2003	115	63.2
Apr 2003	108.92	59.95
Mar 2003	100.18	55.26
Feb 2003	100.56	55.14
Jan 2003	102.77	55.92
Dec 2002	105.83	57.34
Nov 2002	111.56	60.57
Oct 2002	105.52	57.29
Sep 2002	97.58	52.89
Aug 2002	109.04	59.01
Jul 2002	108.89	58.73
Jun 2002	118.19	63.68
May 2002	127.42	68.61
Apr 2002	128.45	69.17
Mar 2002	137	73.36
Feb 2002	133.28	70.97
Jan 2002	136.34	72.31
Dec 2001	138.08	73.07
Nov 2001	136.83	72.69
Oct 2001	126.75	67.45
Sep 2001	124.12	66.27
Aug 2001	136.42	72.52
Jul 2001	144.86	77
Jun 2001	146.11	77.89
May 2001	149.57	79.59
Apr 2001	149.61	79.26
Mar 2001	140.03	73.89
Feb 2001	148.89	78.39
Jan 2001	164.95	86.5
Dec 2000	159.27	83
Nov 2000	159.91	83.37
Oct 2000	173.09	90.2
Sep 2000	174.07	90.55
Aug 2000	185.06	95.77
Jul 2000	173.72	89.9
Jun 2000	177.23	91.5
May 2000	174.7	89.73

Returns from Investing in the iShares Core S&P 500 ETF

How much did an investment in the IVV 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 500 ETF by year, both inflation-adjusted and nominal. You can sort any column by clicking on the header.

Observe how inflation erodes nominal gains, sometimes resulting in a negative real return even when the ETF nominally increased, as in 2011.

Year	Inflation-Adjusted Return	Nominal Return
2024	21.42%	24.93%
2023	22.2%	26.3%
2022	-23.13%	-18.17%
2021	20.29%	28.75%
2020	16.8%	18.39%
2019	28.3%	31.24%
2018	-6.29%	-4.5%
2017	19.23%	21.74%
2016	9.86%	12.13%
2015	0.54%	1.27%
2014	12.71%	13.56%
2013	30.34%	32.29%
2012	14.06%	16.04%
2011	-1.06%	1.87%
2010	13.39%	15.09%
2009	23.24%	26.59%
2008	-37.08%	-37.02%
2007	1.15%	5.28%
2006	13.06%	15.93%
2005	1.4%	4.86%
2004	7.28%	10.78%
2003	25.62%	27.98%
2002	-23.36%	-21.53%
2001	-13.3%	-11.96%

Ishares Core S&P 500 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 500 over various trailing periods ending July 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	15.69%	19.59%
Last 3 years	15.82%	19.28%
Last 5 years	8.36%	12.82%
Last 10 years	11.33%	15.04%
Last 20 years	8.57%	11.29%

Real Returns of Investing in the iShares Core S&P 500

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 500 five years ago yielded an 87.57% nominal gain, but the real return (the actual increase in buying power) was 51.89%.

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	$187.57	87.57%	51.89%
Last 10 years Feb 2016 - Sep 2025	$406.97	306.97%	197.1%
Last 25 years Feb 2001 - Sep 2025	$846.29	746.29%	358.06%

About the iShares Core S&P 500 ETF

The iShares Core S&P 500 ETF (IVV) is an exchange-traded fund managed by BlackRock that seeks to track the investment results of an index composed of large-capitalization US equities. Launched in May 2000, IVV provides investors with broad exposure to the US large-cap equity market through a single, low-cost investment vehicle.

The fund holds stocks of 500 of the largest US companies, weighted by market capitalization, offering diversified exposure across multiple sectors including technology, healthcare, financials and consumer goods. Known for its low expense ratio, IVV is a popular choice for investors seeking cost-effective exposure to the core US stock market.

Last Close Aug 21, 2026	769.31
Highest Aug 13, 2026	781.47
Highest, Inflation-Adjusted Aug 13, 2026	781.47
Annualized return Since May 19, 2000	8.59%
Annualized return, Inflation-Adjusted Since May 19, 2000	5.87%