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 May 2026 as the baseline (latest available CPI).

The current value of the iShares Core S&P 500 ETF is 752.01 (as of the close of Jun 16, 2026), 1.45% lower than the all-time high of 763.06 (Jun 2, 2026).

Since May 19, 2000, the inflation-adjusted total return for the ETF has been 334.12%, which is equivalent to an annual growth rate of 5.79%.

In nominal values, the total return since this date has been 748.3%, or an annualized rate of 8.54%.

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
Jun 2026	752.01	752.01
May 2026	760.05	760.05
Apr 2026	726.63	722.07
Mar 2026	662.92	653.21
Feb 2026	705.1	687.55
Jan 2026	714.23	693.19
Dec 2025	706.46	683.13
Nov 2025	705.82	682.65
Oct 2025	681.01	681.01
Sep 2025	686.32	665.18
Aug 2025	664.5	642.4
Jul 2025	652.62	629.1
Jun 2025	639.19	615.23
May 2025	609.77	584.92
Apr 2025	575.77	551.15
Mar 2025	581.64	555.04
Feb 2025	617.49	587.93
Jan 2025	628.15	595.43
Dec 2024	615.55	579.7
Nov 2024	630.7	593.76
Oct 2024	595.12	560.56
Sep 2024	601.62	566.04
Aug 2024	589.78	554.01
Jul 2024	576.27	540.88
Jun 2024	570.59	534.93
May 2024	551.12	516.5
Apr 2024	525.46	491.63
Mar 2024	549.77	512.38
Feb 2024	535.54	495.91
Jan 2024	512.2	471.38
Dec 2023	506.95	464.03
Nov 2023	484.13	443.58
Oct 2023	442.6	406.35
Sep 2023	452.43	415.53
Aug 2023	475.95	436.05
Jul 2023	485.94	443.26
Jun 2023	471.56	429.33
May 2023	443.81	402.76
Apr 2023	443.05	401.06
Mar 2023	438.27	394.74
Feb 2023	423.93	380.56
Jan 2023	437.38	390.45
Dec 2022	414.85	367.41
Nov 2022	438.72	389.74
Oct 2022	415.22	369.24
Sep 2022	385.58	341.49
Aug 2022	425.74	376.25
Jul 2022	443.91	392.45
Jun 2022	406.22	359.17
May 2022	449.2	391.79
Apr 2022	452.72	390.56
Mar 2022	499.42	428.45
Feb 2022	487.77	412.95
Jan 2022	506.87	425.23
Dec 2021	539.67	448.97
Nov 2021	517.71	429.39
Oct 2021	524.08	432.54
Sep 2021	493.85	404.23
Aug 2021	519.53	424.1
Jul 2021	505.33	411.66
Jun 2021	495.68	401.86
May 2021	489.24	393
Apr 2021	489.93	390.41
Mar 2021	469.12	370.79
Feb 2021	451.86	354.63
Jan 2021	442.14	345.11
Dec 2020	448.64	348.71
Nov 2020	432.73	336.02
Oct 2020	389.97	303.01
Sep 2020	400.19	310.81
Aug 2020	416.4	322.96
Jul 2020	390.38	301.83
Jun 2020	370.66	285.13
May 2020	365.75	279.83
Apr 2020	348.95	266.97
Mar 2020	307.62	236.93
Feb 2020	349.33	269.65
Jan 2020	382.64	294.55
Dec 2019	384.13	294.55
Nov 2019	372.87	286.18
Oct 2019	359.59	276.14
Sep 2019	352.79	270.3
Aug 2019	346.34	265.14
Jul 2019	352.16	269.61
Jun 2019	347.47	265.58
May 2019	324.98	248.34
Apr 2019	347.56	265.03
Mar 2019	335.96	254.84
Feb 2019	331.51	250.05
Jan 2019	322.5	242.23
Dec 2018	299.39	224.44
Nov 2018	327.51	246.31
Oct 2018	320.26	241.67
Sep 2018	344.31	259.36
Aug 2018	342.88	257.99
Jul 2018	332.33	249.9
Jun 2018	320.35	240.88
May 2018	318.99	239.48
Apr 2018	312.78	233.84
Mar 2018	312.91	233.02
Feb 2018	321.6	238.94
Jan 2018	335.83	248.39
Dec 2017	319.48	235.02
Nov 2017	315.48	232.21
Oct 2017	305.94	225.18
Sep 2017	298.8	220.07
Aug 2017	294.38	215.67
Jul 2017	294.46	215.08
Jun 2017	288.27	210.71
May 2017	286.63	209.32
Apr 2017	282.93	206.44
Mar 2017	281.06	204.47
Feb 2017	280.96	204.23
Jan 2017	271.07	196.42
Dec 2016	267.95	193.04
Nov 2016	262.43	189
Oct 2016	252.75	182.31
Sep 2016	257.64	185.61
Aug 2016	258.25	185.6
Jul 2016	258.16	185.37
Jun 2016	248.45	178.68
May 2016	248.64	178.24
Apr 2016	245.5	175.27
Mar 2016	245.7	174.59
Feb 2016	231.01	163.45
Jan 2016	231.33	163.54
Dec 2015	243.92	172.15
Nov 2015	247.38	175.19
Oct 2015	245.89	174.51
Sep 2015	226.57	160.87
Aug 2015	232.02	165
Jul 2015	246.86	175.8
Jun 2015	241.58	172.03
May 2015	247.34	175.51
Apr 2015	245.4	173.26
Mar 2015	243.54	171.59
Feb 2015	248.97	174.38
Jan 2015	236.69	165.06
Dec 2014	242.61	169.99
Nov 2014	241.96	170.5
Oct 2014	234.2	165.93
Sep 2014	228.17	162.06
Aug 2014	231.52	164.32
Jul 2014	222.31	158.05
Jun 2014	225.37	160.29
May 2014	221.18	157.02
Apr 2014	217	153.51
Mar 2014	216.11	152.37
Feb 2014	215.62	151.06
Jan 2014	206.98	144.47
Dec 2013	215.26	149.69
Nov 2013	209.87	145.96
Oct 2013	203.37	141.73
Sep 2013	193.91	135.48
Aug 2013	188.04	131.23
Jul 2013	194.17	135.34
Jun 2013	184.31	128.42
May 2013	187.73	130.49
Apr 2013	183.66	127.44
Mar 2013	179.94	124.98
Feb 2013	174.01	120.55
Jan 2013	173.09	118.94
Dec 2012	165.16	113.15
Nov 2012	163.18	112.1
Oct 2012	161.01	111.13
Sep 2012	164.27	113.43
Aug 2012	161.24	110.85
Jul 2012	158.22	108.17
Jun 2012	156.02	106.84
May 2012	149.51	102.53
Apr 2012	158.88	109.08
Mar 2012	160.42	109.8
Feb 2012	156.48	106.3
Jan 2012	150.82	102.01
Dec 2011	144.8	97.51
Nov 2011	142.92	96.48
Oct 2011	143.26	96.79
Sep 2011	129.2	87.47
Aug 2011	138.82	93.84
Jul 2011	147.34	99.33
Jun 2011	150.43	101.33
May 2011	152.84	103.06
Apr 2011	155.41	104.3
Mar 2011	151.92	101.3
Feb 2011	153.41	101.31
Jan 2011	149.01	97.92
Dec 2010	146.36	95.72
Nov 2010	137.3	89.64
Oct 2010	137.45	89.7
Sep 2010	132.53	86.39
Aug 2010	121.86	79.38
Jul 2010	127.68	83.06
Jun 2010	119.36	77.63
May 2010	125.87	81.95
Apr 2010	136.93	89.07
Mar 2010	134.98	87.66
Feb 2010	127.73	82.61
Jan 2010	123.86	80.09
Dec 2009	129.07	83.17
Nov 2009	126.44	81.62
Oct 2009	119.26	76.93
Sep 2009	121.72	78.44
Aug 2009	117.54	75.7
Jul 2009	113.64	73.03
Jun 2009	105.66	68
May 2009	106.53	67.98
Apr 2009	100.94	64.23
Mar 2009	91.88	58.32
Feb 2009	85.26	53.99
Jan 2009	95.8	60.36
Dec 2008	104.73	65.7
Nov 2008	102.65	65.07
Oct 2008	108.81	70.32
Sep 2008	129.2	84.35
Aug 2008	141.6	92.57
Jul 2008	138.97	91.21
Jun 2008	140.74	91.89
May 2008	155.18	100.31
Apr 2008	154.5	99.04
Mar 2008	148.28	94.48
Feb 2008	150.52	95.08
Jan 2008	155.24	97.78
Dec 2007	166.44	104.32
Nov 2007	167.72	105.19
Oct 2007	175.96	109.7
Sep 2007	173.88	108.17
Aug 2007	167.5	103.92
Jul 2007	165.03	102.58
Jun 2007	170.43	105.96
May 2007	173.44	107.62
Apr 2007	168.74	104.07
Mar 2007	162.81	99.77
Feb 2007	162.37	98.6
Jan 2007	166.4	100.5
Dec 2006	164.55	99.09
Nov 2006	162.54	97.73
Oct 2006	159.18	95.85
Sep 2006	153.39	92.87
Aug 2006	148.67	90.46
Jul 2006	145.75	88.51
Jun 2006	145.61	88.16
May 2006	145.51	87.93
Apr 2006	150.64	90.58
Mar 2006	149.99	89.42
Feb 2006	148.5	88.05
Jan 2006	148.01	87.58
Dec 2005	145.54	85.47
Nov 2005	145.18	85.6
Oct 2005	138.26	82.18
Sep 2005	141.58	83.99
Aug 2005	142.14	83.3
Jul 2005	144.27	84.12
Jun 2005	139.56	81
May 2005	139.45	80.9
Apr 2005	135.06	78.43
Mar 2005	138.46	79.86
Feb 2005	142.12	81.34
Jan 2005	140.03	79.68
Dec 2004	143.54	81.51
Nov 2004	138.76	79.09
Oct 2004	132.94	75.73
Sep 2004	131.99	74.79
Aug 2004	131.01	74.08
Jul 2004	130.82	73.94
Jun 2004	134.84	76.33
May 2004	132.91	75
Apr 2004	131.48	73.76
Mar 2004	134.42	75.17
Feb 2004	136.97	76.1
Jan 2004	136	75.16
Dec 2003	133.79	73.58
Nov 2003	127.46	70.17
Oct 2003	125.59	69.33
Sep 2003	119.02	65.78
Aug 2003	120.62	66.44
Jul 2003	118.85	65.22
Jun 2003	116.97	64.12
May 2003	115.72	63.37
Apr 2003	109.6	60.11
Mar 2003	100.81	55.41
Feb 2003	101.2	55.29
Jan 2003	103.42	56.07
Dec 2002	106.5	57.49
Nov 2002	112.27	60.74
Oct 2002	106.18	57.45
Sep 2002	98.19	53.04
Aug 2002	109.73	59.17
Jul 2002	109.58	58.89
Jun 2002	118.94	63.85
May 2002	128.22	68.79
Apr 2002	129.26	69.35
Mar 2002	137.86	73.55
Feb 2002	134.12	71.16
Jan 2002	137.2	72.5
Dec 2001	138.95	73.27
Nov 2001	137.69	72.89
Oct 2001	127.55	67.64
Sep 2001	124.9	66.45
Aug 2001	137.28	72.71
Jul 2001	145.77	77.21
Jun 2001	147.03	78.09
May 2001	150.51	79.81
Apr 2001	150.55	79.47
Mar 2001	140.91	74.09
Feb 2001	149.83	78.6
Jan 2001	165.99	86.73
Dec 2000	160.28	83.22
Nov 2000	160.91	83.6
Oct 2000	174.18	90.44
Sep 2000	175.17	90.79
Aug 2000	186.22	96.02
Jul 2000	174.81	90.14
Jun 2000	178.34	91.75
May 2000	175.8	89.97

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 May 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	24.64%	29.94%
Last 3 years	19.64%	23.58%
Last 5 years	9.21%	14.1%
Last 10 years	11.82%	15.61%
Last 20 years	8.62%	11.39%

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 Jun 16, 2026	752.01
Highest Jun 2, 2026	763.06
Highest, Inflation-Adjusted Jun 2, 2026	763.06
Annualized return Since May 19, 2000	8.54%
Annualized return, Inflation-Adjusted Since May 19, 2000	5.79%