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 February 2026 as the baseline (latest available CPI).

The current value of the iShares Core S&P 500 ETF is 665.2 (as of the close of Mar 13, 2026), 4.79% lower than the all-time high of 698.7 (Jan 28, 2026).

Since May 19, 2000, the inflation-adjusted total return for the ETF has been 292.76%, which is equivalent to an annual growth rate of 5.44%.

In nominal values, the total return since this date has been 648.39%, or an annualized rate of 8.11%.

Inflation-Adjusted Values by Month

This data presents the ETF's end-of-month closing levels over time. Inflation-adjusted figures show what past levels would be worth using roughly today's purchasing power (based on the latest CPI data). The latest entry in the table will have equal nominal and adjusted values until the next CPI figures are released.

Date	Inflation-Adjusted	Nominal value
Mar 2026	665.2	665.2
Feb 2026	689.38	689.38
Jan 2026	698.31	695.03
Dec 2025	690.71	684.94
Nov 2025	690.09	684.46
Oct 2025	682.82	682.82
Sep 2025	671.02	666.95
Aug 2025	649.69	644.11
Jul 2025	638.07	630.77
Jun 2025	624.94	616.86
May 2025	596.18	586.48
Apr 2025	562.93	552.61
Mar 2025	568.67	556.52
Feb 2025	603.72	589.49
Jan 2025	614.14	597.02
Dec 2024	601.83	581.24
Nov 2024	616.65	595.34
Oct 2024	581.85	562.05
Sep 2024	588.21	567.54
Aug 2024	576.64	555.48
Jul 2024	563.43	542.32
Jun 2024	557.88	536.35
May 2024	538.84	517.87
Apr 2024	513.74	492.93
Mar 2024	537.51	513.74
Feb 2024	523.6	497.23
Jan 2024	500.78	472.63
Dec 2023	495.65	465.26
Nov 2023	473.34	444.76
Oct 2023	432.74	407.42
Sep 2023	442.35	416.63
Aug 2023	465.34	437.21
Jul 2023	475.11	444.44
Jun 2023	461.05	430.47
May 2023	433.91	403.83
Apr 2023	433.17	402.12
Mar 2023	428.5	395.79
Feb 2023	414.48	381.58
Jan 2023	427.63	391.49
Dec 2022	405.6	368.38
Nov 2022	428.94	390.78
Oct 2022	405.97	370.22
Sep 2022	376.98	342.4
Aug 2022	416.25	377.25
Jul 2022	434.01	393.49
Jun 2022	397.16	360.13
May 2022	439.18	392.83
Apr 2022	442.62	391.59
Mar 2022	488.28	429.59
Feb 2022	476.9	414.04
Jan 2022	495.57	426.36
Dec 2021	527.64	450.16
Nov 2021	506.17	430.53
Oct 2021	512.39	433.69
Sep 2021	482.84	405.3
Aug 2021	507.95	425.23
Jul 2021	494.07	412.75
Jun 2021	484.63	402.93
May 2021	478.34	394.04
Apr 2021	479	391.45
Mar 2021	458.66	371.77
Feb 2021	441.79	355.58
Jan 2021	432.28	346.03
Dec 2020	438.64	349.63
Nov 2020	423.09	336.92
Oct 2020	381.28	303.81
Sep 2020	391.26	311.64
Aug 2020	407.12	323.81
Jul 2020	381.68	302.63
Jun 2020	362.4	285.89
May 2020	357.6	280.57
Apr 2020	341.18	267.68
Mar 2020	300.76	237.56
Feb 2020	341.55	270.36
Jan 2020	374.11	295.33
Dec 2019	375.56	295.33
Nov 2019	364.56	286.94
Oct 2019	351.58	276.87
Sep 2019	344.93	271.02
Aug 2019	338.62	265.85
Jul 2019	344.31	270.33
Jun 2019	339.72	266.28
May 2019	317.73	249
Apr 2019	339.81	265.74
Mar 2019	328.48	255.52
Feb 2019	324.12	250.72
Jan 2019	315.31	242.87
Dec 2018	292.71	225.04
Nov 2018	320.21	246.97
Oct 2018	313.12	242.31
Sep 2018	336.64	260.05
Aug 2018	335.24	258.67
Jul 2018	324.92	250.57
Jun 2018	313.21	241.52
May 2018	311.88	240.11
Apr 2018	305.81	234.46
Mar 2018	305.94	233.63
Feb 2018	314.43	239.58
Jan 2018	328.34	249.05
Dec 2017	312.36	235.64
Nov 2017	308.45	232.83
Oct 2017	299.12	225.78
Sep 2017	292.14	220.65
Aug 2017	287.82	216.24
Jul 2017	287.89	215.65
Jun 2017	281.85	211.27
May 2017	280.24	209.87
Apr 2017	276.62	206.99
Mar 2017	274.79	205.01
Feb 2017	274.7	204.77
Jan 2017	265.03	196.94
Dec 2016	261.98	193.55
Nov 2016	256.58	189.5
Oct 2016	247.11	182.79
Sep 2016	251.9	186.1
Aug 2016	252.5	186.1
Jul 2016	252.4	185.86
Jun 2016	242.91	179.16
May 2016	243.1	178.71
Apr 2016	240.02	175.74
Mar 2016	240.22	175.05
Feb 2016	225.86	163.88
Jan 2016	226.17	163.97
Dec 2015	238.48	172.61
Nov 2015	241.86	175.66
Oct 2015	240.41	174.97
Sep 2015	221.52	161.3
Aug 2015	226.85	165.43
Jul 2015	241.35	176.26
Jun 2015	236.2	172.48
May 2015	241.82	175.98
Apr 2015	239.93	173.72
Mar 2015	238.11	172.04
Feb 2015	243.42	174.84
Jan 2015	231.41	165.5
Dec 2014	237.2	170.44
Nov 2014	236.56	170.95
Oct 2014	228.98	166.37
Sep 2014	223.08	162.5
Aug 2014	226.36	164.76
Jul 2014	217.36	158.47
Jun 2014	220.35	160.71
May 2014	216.25	157.43
Apr 2014	212.16	153.92
Mar 2014	211.29	152.78
Feb 2014	210.81	151.46
Jan 2014	202.36	144.85
Dec 2013	210.46	150.09
Nov 2013	205.19	146.34
Oct 2013	198.84	142.11
Sep 2013	189.58	135.84
Aug 2013	183.85	131.58
Jul 2013	189.84	135.7
Jun 2013	180.2	128.76
May 2013	183.55	130.84
Apr 2013	179.57	127.78
Mar 2013	175.93	125.31
Feb 2013	170.13	120.87
Jan 2013	169.23	119.26
Dec 2012	161.48	113.45
Nov 2012	159.54	112.4
Oct 2012	157.42	111.43
Sep 2012	160.6	113.73
Aug 2012	157.65	111.14
Jul 2012	154.69	108.45
Jun 2012	152.55	107.12
May 2012	146.17	102.8
Apr 2012	155.34	109.37
Mar 2012	156.84	110.1
Feb 2012	152.99	106.58
Jan 2012	147.45	102.28
Dec 2011	141.57	97.77
Nov 2011	139.74	96.74
Oct 2011	140.06	97.05
Sep 2011	126.32	87.7
Aug 2011	135.72	94.09
Jul 2011	144.05	99.59
Jun 2011	147.08	101.59
May 2011	149.43	103.33
Apr 2011	151.94	104.57
Mar 2011	148.53	101.57
Feb 2011	149.99	101.58
Jan 2011	145.69	98.18
Dec 2010	143.09	95.98
Nov 2010	134.24	89.88
Oct 2010	134.39	89.94
Sep 2010	129.58	86.61
Aug 2010	119.14	79.59
Jul 2010	124.83	83.28
Jun 2010	116.7	77.84
May 2010	123.07	82.17
Apr 2010	133.87	89.31
Mar 2010	131.97	87.89
Feb 2010	124.88	82.83
Jan 2010	121.1	80.3
Dec 2009	126.2	83.39
Nov 2009	123.62	81.83
Oct 2009	116.61	77.14
Sep 2009	119.01	78.65
Aug 2009	114.92	75.9
Jul 2009	111.11	73.22
Jun 2009	103.3	68.19
May 2009	104.15	68.16
Apr 2009	98.69	64.4
Mar 2009	89.83	58.47
Feb 2009	83.36	54.13
Jan 2009	93.67	60.52
Dec 2008	102.4	65.88
Nov 2008	100.36	65.24
Oct 2008	106.38	70.5
Sep 2008	126.32	84.57
Aug 2008	138.44	92.82
Jul 2008	135.87	91.45
Jun 2008	137.6	92.14
May 2008	151.72	100.58
Apr 2008	151.06	99.3
Mar 2008	144.98	94.73
Feb 2008	147.17	95.34
Jan 2008	151.78	98.04
Dec 2007	162.73	104.6
Nov 2007	163.98	105.47
Oct 2007	172.03	109.99
Sep 2007	170	108.46
Aug 2007	163.77	104.2
Jul 2007	161.35	102.85
Jun 2007	166.63	106.24
May 2007	169.58	107.91
Apr 2007	164.98	104.35
Mar 2007	159.18	100.03
Feb 2007	158.75	98.86
Jan 2007	162.69	100.77
Dec 2006	160.88	99.35
Nov 2006	158.92	97.99
Oct 2006	155.63	96.1
Sep 2006	149.97	93.12
Aug 2006	145.36	90.7
Jul 2006	142.5	88.74
Jun 2006	142.37	88.39
May 2006	142.27	88.16
Apr 2006	147.29	90.82
Mar 2006	146.64	89.66
Feb 2006	145.19	88.28
Jan 2006	144.71	87.81
Dec 2005	142.3	85.7
Nov 2005	141.95	85.83
Oct 2005	135.18	82.4
Sep 2005	138.42	84.21
Aug 2005	138.97	83.52
Jul 2005	141.05	84.34
Jun 2005	136.44	81.21
May 2005	136.35	81.11
Apr 2005	132.05	78.64
Mar 2005	135.37	80.08
Feb 2005	138.95	81.55
Jan 2005	136.91	79.89
Dec 2004	140.34	81.72
Nov 2004	135.67	79.3
Oct 2004	129.98	75.93
Sep 2004	129.04	74.99
Aug 2004	128.09	74.28
Jul 2004	127.91	74.13
Jun 2004	131.83	76.53
May 2004	129.95	75.2
Apr 2004	128.55	73.96
Mar 2004	131.43	75.37
Feb 2004	133.92	76.31
Jan 2004	132.97	75.36
Dec 2003	130.81	73.77
Nov 2003	124.62	70.36
Oct 2003	122.79	69.52
Sep 2003	116.37	65.95
Aug 2003	117.93	66.62
Jul 2003	116.2	65.39
Jun 2003	114.36	64.29
May 2003	113.14	63.53
Apr 2003	107.16	60.27
Mar 2003	98.56	55.55
Feb 2003	98.94	55.44
Jan 2003	101.11	56.22
Dec 2002	104.13	57.64
Nov 2002	109.76	60.9
Oct 2002	103.82	57.6
Sep 2002	96.01	53.18
Aug 2002	107.28	59.32
Jul 2002	107.14	59.05
Jun 2002	116.29	64.02
May 2002	125.36	68.97
Apr 2002	126.38	69.54
Mar 2002	134.79	73.75
Feb 2002	131.13	71.35
Jan 2002	134.14	72.7
Dec 2001	135.86	73.46
Nov 2001	134.62	73.08
Oct 2001	124.71	67.81
Sep 2001	122.12	66.63
Aug 2001	134.22	72.9
Jul 2001	142.52	77.41
Jun 2001	143.75	78.3
May 2001	147.15	80.02
Apr 2001	147.2	79.68
Mar 2001	137.77	74.29
Feb 2001	146.49	78.81
Jan 2001	162.29	86.96
Dec 2000	156.7	83.44
Nov 2000	157.33	83.82
Oct 2000	170.3	90.68
Sep 2000	171.26	91.03
Aug 2000	182.07	96.28
Jul 2000	170.92	90.38
Jun 2000	174.37	91.99
May 2000	171.89	90.21

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 February 28, 2026, offering a clearer view of long-term, real investment performance.

Period	Avg. Annual Return (Inflation-Adjusted)	Avg. Annual Return (Nominal)
Last 1 year	14.19%	16.94%
Last 3 years	18.48%	21.79%
Last 5 years	9.31%	14.16%
Last 10 years	11.81%	15.45%
Last 20 years	8.1%	10.82%

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 Mar 13, 2026	665.2
Highest Jan 28, 2026	698.7
Highest, Inflation-Adjusted Jan 28, 2026	701.99
Annualized return Since May 19, 2000	8.11%
Annualized return, Inflation-Adjusted Since May 19, 2000	5.44%