Inflation-Adjusted Russell 1000 Growth ETF (IWF)

The iShares Russell 1000 Growth ETF (IWF) tracks the Russell 1000 Growth Index, providing investors with targeted exposure to large-cap US companies that exhibit strong growth characteristics and earnings potential.

Growth stock performance often appears remarkable in nominal terms, but these gains can be misleading without considering inflation's impact on real purchasing power. This page adjusts IWF's historical prices for inflation using the US Consumer Price Index, revealing the ETF's true performance in constant dollar terms.

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 Russell 1000 Growth ETF is 469.23 (as of the close of Apr 16, 2026), 4.39% lower than the all-time high of 490.78 (Oct 29, 2025).

While the nominal high reached 490.78, the inflation-adjusted peak value was 496.19 on November 3, 2025.

Since May 26, 2000, the inflation-adjusted total return for the ETF has been 307.12%, which is equivalent to an annual growth rate of 5.57%.

In nominal values, the total return since this date has been 683.89%, or an annualized rate of 8.28%.

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, following the same present-value method that underlies the US Inflation Calculator. 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
Apr 2026 469.23 469.23
Mar 2026 426.4 426.4
Feb 2026 454.51 449.79
Jan 2026 472.64 465.54
Dec 2025 481.87 472.88
Nov 2025 484.49 475.55
Oct 2025 484.66 484.66
Sep 2025 475.32 467.53
Aug 2025 452.89 444.34
Jul 2025 448.91 439.17
Jun 2025 433.43 423.39
May 2025 408.75 397.92
Apr 2025 376.13 365.4
Mar 2025 371.44 359.73
Feb 2025 406.39 392.69
Jan 2025 423.41 407.33
Dec 2024 418.13 399.63
Nov 2024 414.53 396.05
Oct 2024 388.91 371.77
Sep 2024 390.83 373.18
Aug 2024 380.55 362.78
Jul 2024 373.28 355.56
Jun 2024 380.31 361.84
May 2024 356.83 339.39
Apr 2024 337.11 320.1
Mar 2024 353.32 334.19
Feb 2024 348.91 327.9
Jan 2024 329.25 307.52
Dec 2023 323.17 300.2
Nov 2023 309.58 287.86
Oct 2023 278.41 259.41
Sep 2023 282.43 263.25
Aug 2023 299.5 278.47
Jul 2023 303.72 281.17
Jun 2023 294.19 271.82
May 2023 276.73 254.87
Apr 2023 265.01 243.46
Mar 2023 263.65 240.99
Feb 2023 247.72 225.69
Jan 2023 252.11 228.41
Dec 2022 234.59 210.85
Nov 2022 253.28 228.35
Oct 2022 242.12 218.51
Sep 2022 229.8 206.55
Aug 2022 255.12 228.82
Jul 2022 267.53 240.04
Jun 2022 238.62 214.12
May 2022 263.01 232.81
Apr 2022 272.13 238.26
Mar 2022 311.69 271.37
Feb 2022 303.8 261.03
Jan 2022 319.9 272.37
Dec 2021 353.26 298.26
Nov 2021 347.27 292.3
Oct 2021 346.79 290.47
Sep 2021 321.55 267.12
Aug 2021 341.72 283.1
Jul 2021 330.37 273.13
Jun 2021 321.1 264.2
May 2021 305.42 248.98
Apr 2021 312.19 252.48
Mar 2021 294.52 236.25
Feb 2021 291.45 232.14
Jan 2021 293.13 232.21
Dec 2020 296.72 234.05
Nov 2020 284.35 224.08
Oct 2020 257.56 203.09
Sep 2020 266.65 210.18
Aug 2020 280.03 220.42
Jul 2020 254.98 200.07
Jun 2020 237.78 185.63
May 2020 229.13 177.91
Apr 2020 214.79 166.77
Mar 2020 186.02 145.41
Feb 2020 206.35 161.65
Jan 2020 221.61 173.13
Dec 2019 217.55 169.3
Nov 2019 211.25 164.55
Oct 2019 202.16 157.55
Sep 2019 197.05 153.22
Aug 2019 197.05 153.1
Jul 2019 198.76 154.43
Jun 2019 194.18 150.62
May 2019 182.42 141.47
Apr 2019 195 150.9
Mar 2019 187.69 144.49
Feb 2019 183.58 140.53
Jan 2019 177.96 135.66
Dec 2018 163.79 124.61
Nov 2018 178.22 136.03
Oct 2018 176.09 134.85
Sep 2018 193.66 148.04
Aug 2018 192.76 147.19
Jul 2018 182.94 139.61
Jun 2018 177.83 135.7
May 2018 176.41 134.41
Apr 2018 169.71 128.77
Mar 2018 169.94 128.43
Feb 2018 175.08 132.01
Jan 2018 180.57 135.54
Dec 2017 169.76 126.73
Nov 2017 168.09 125.57
Oct 2017 163.29 121.97
Sep 2017 157.03 117.37
Aug 2017 155.95 115.95
Jul 2017 153.63 113.88
Jun 2017 149.61 110.98
May 2017 150.15 111.28
Apr 2017 146.48 108.47
Mar 2017 143.72 106.11
Feb 2017 142.12 104.85
Jan 2017 136.98 100.74
Dec 2016 133.39 97.53
Nov 2016 131.73 96.28
Oct 2016 128.71 94.22
Sep 2016 131.94 96.47
Aug 2016 131.87 96.18
Jul 2016 132.68 96.68
Jun 2016 126.45 92.29
May 2016 127.42 92.7
Apr 2016 125.47 90.91
Mar 2016 127.24 91.76
Feb 2016 119.73 85.97
Jan 2016 119.83 85.97
Dec 2015 127.25 91.15
Nov 2015 128.78 92.56
Oct 2015 128.11 92.27
Sep 2015 117.81 84.89
Aug 2015 120.77 87.16
Jul 2015 128.44 92.83
Jun 2015 124.22 89.77
May 2015 126.87 91.36
Apr 2015 125.86 90.18
Mar 2015 125.43 89.69
Feb 2015 127.68 90.76
Jan 2015 120.3 85.14
Dec 2014 121.51 86.41
Nov 2014 122.18 87.38
Oct 2014 117.65 84.6
Sep 2014 114.45 82.5
Aug 2014 116.21 83.71
Jul 2014 111.02 80.1
Jun 2014 112.67 81.32
May 2014 110.77 79.8
Apr 2014 107.88 77.45
Mar 2014 108.16 77.4
Feb 2014 109.99 78.2
Jan 2014 105.01 74.39
Dec 2013 108.56 76.62
Nov 2013 105.55 74.5
Oct 2013 102.52 72.51
Sep 2013 97.93 69.44
Aug 2013 93.88 66.49
Jul 2013 95.67 67.68
Jun 2013 90.68 64.13
May 2013 92.84 65.49
Apr 2013 91.24 64.25
Mar 2013 89.25 62.92
Feb 2013 86.24 60.63
Jan 2013 86.01 59.98
Dec 2012 82.77 57.55
Nov 2012 82.52 57.53
Oct 2012 80.72 56.55
Sep 2012 83.12 58.25
Aug 2012 82.32 57.43
Jul 2012 80.17 55.62
Jun 2012 79.16 55.01
May 2012 76.93 53.54
Apr 2012 82.12 57.22
Mar 2012 82.46 57.29
Feb 2012 80.45 55.47
Jan 2012 77.17 52.97
Dec 2011 73.09 49.95
Nov 2011 73.12 50.1
Oct 2011 73.14 50.15
Sep 2011 65.87 45.26
Aug 2011 71.14 48.81
Jul 2011 75.38 51.57
Jun 2011 76.16 52.06
May 2011 77.19 52.82
Apr 2011 78.42 53.41
Mar 2011 76.41 51.71
Feb 2011 77.16 51.71
Jan 2011 74.97 50
Dec 2010 73.54 48.81
Nov 2010 69.87 46.29
Oct 2010 69.11 45.78
Sep 2010 65.96 43.64
Aug 2010 59.7 39.47
Jul 2010 62.71 41.41
Jun 2010 58.53 38.64
May 2010 61.86 40.87
Apr 2010 67.05 44.27
Mar 2010 66.45 43.8
Feb 2010 63.09 41.41
Jan 2010 60.98 40.02
Dec 2009 64.07 41.9
Nov 2009 62.07 40.66
Oct 2009 58.47 38.27
Sep 2009 59.28 38.77
Aug 2009 57.01 37.26
Jul 2009 56.05 36.55
Jun 2009 52.18 34.08
May 2009 52.14 33.77
Apr 2009 49.71 32.1
Mar 2009 45.24 29.14
Feb 2009 41.86 26.9
Jan 2009 45.48 29.08
Dec 2008 48.15 30.66
Nov 2008 46.81 30.11
Oct 2008 50.14 32.89
Sep 2008 60.34 39.98
Aug 2008 67.66 44.89
Jul 2008 66.53 44.32
Jun 2008 68.25 45.22
May 2008 74.07 48.59
Apr 2008 72.31 47.04
Mar 2008 68.93 44.57
Feb 2008 70.11 44.94
Jan 2008 71.5 45.7
Dec 2007 78.02 49.62
Nov 2007 78.49 49.96
Oct 2007 81.76 51.73
Sep 2007 79.64 50.28
Aug 2007 76.27 48.02
Jul 2007 75.22 47.45
Jun 2007 76.28 48.13
May 2007 77.72 48.94
Apr 2007 75.42 47.21
Mar 2007 72.58 45.13
Feb 2007 72.78 44.85
Jan 2007 74.51 45.68
Dec 2006 72.84 44.51
Nov 2006 72.81 44.43
Oct 2006 71.33 43.59
Sep 2006 68.46 42.07
Aug 2006 66.26 40.92
Jul 2006 64.55 39.78
Jun 2006 66.09 40.61
May 2006 66.32 40.67
Apr 2006 69.2 42.23
Mar 2006 69.98 42.34
Feb 2006 69 41.52
Jan 2006 68.96 41.41
Dec 2005 68.56 40.86
Nov 2005 68.67 41.09
Oct 2005 65.08 39.26
Sep 2005 66.13 39.81
Aug 2005 66.63 39.63
Jul 2005 67.97 40.22
Jun 2005 64.98 38.27
May 2005 65.32 38.46
Apr 2005 62.15 36.63
Mar 2005 63.74 37.31
Feb 2005 65.66 38.14
Jan 2005 65.25 37.68
Dec 2004 67.69 39.01
Nov 2004 65.02 37.61
Oct 2004 62.58 36.18
Sep 2004 62.06 35.69
Aug 2004 61.57 35.33
Jul 2004 62.28 35.72
Jun 2004 65.62 37.7
May 2004 65.22 37.35
Apr 2004 64.35 36.63
Mar 2004 65.29 37.05
Feb 2004 67 37.78
Jan 2004 66.97 37.56
Dec 2003 65.84 36.75
Nov 2003 63.29 35.36
Oct 2003 62.53 35.03
Sep 2003 59.3 33.26
Aug 2003 60.03 33.56
Jul 2003 58.84 32.77
Jun 2003 57.48 31.98
May 2003 56.89 31.61
Apr 2003 53.98 30.04
Mar 2003 49.96 27.87
Feb 2003 49.48 27.44
Jan 2003 49.99 27.51
Dec 2002 51.48 28.2
Nov 2002 55.37 30.4
Oct 2002 52.37 28.75
Sep 2002 48.38 26.52
Aug 2002 53.69 29.38
Jul 2002 53.92 29.41
Jun 2002 56.97 31.04
May 2002 62.79 34.19
Apr 2002 64.48 35.11
Mar 2002 70.73 38.3
Feb 2002 68.87 37.08
Jan 2002 71.74 38.48
Dec 2001 73.31 39.23
Nov 2001 73.19 39.32
Oct 2001 66.86 35.98
Sep 2001 63.28 34.17
Aug 2001 70.52 37.91
Jul 2001 76.8 41.29
Jun 2001 79.48 42.84
May 2001 80.67 43.41
Apr 2001 82.1 43.98
Mar 2001 72.99 38.94
Feb 2001 82.17 43.75
Jan 2001 100.3 53.19
Dec 2000 94.06 49.56
Nov 2000 96.82 51.05
Oct 2000 113.72 59.92
Sep 2000 120.27 63.27
Aug 2000 133.26 69.73
Jul 2000 121.75 63.71
Jun 2000 127.01 66.31
May 2000 121.09 62.89

Returns from Investing in the iShares Russell 1000 Growth ETF

How much did an investment in the IWF 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 Russell 1000 Growth 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 29.38% 33.12%
2023 37.76% 42.38%
2022 -33.59% -29.31%
2021 19.06% 27.43%
2020 36.39% 38.25%
2019 32.82% 35.86%
2018 -3.52% -1.67%
2017 27.26% 29.94%
2016 4.83% 7%
2015 4.72% 5.49%
2014 11.93% 12.78%
2013 31.17% 33.14%
2012 13.23% 15.21%
2011 -0.61% 2.33%
2010 14.79% 16.5%
2009 33.05% 36.67%
2008 -38.28% -38.22%
2007 7.11% 11.48%
2006 6.23% 8.93%
2005 1.29% 4.75%
2004 2.81% 6.15%
2003 27.89% 30.29%
2002 -29.77% -28.1%
2001 -22.06% -20.85%

Ishares Russell 1000 Growth 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 Russell 1000 Growth 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 14.8% 18.53%
Last 3 years 17.38% 20.95%
Last 5 years 7.68% 12.54%
Last 10 years 12.85% 16.6%
Last 20 years 9.46% 12.24%

Real Returns of Investing in the iShares Russell 1000 Growth

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 Russell 1000 Growth five years ago yielded an 101.4% nominal gain, but the real return (the actual increase in buying power) was 63.09%.

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 $201.4 101.4% 63.09%
Last 10 years Feb 2016 - Sep 2025 $543.81 443.81% 296.99%
Last 25 years Feb 2001 - Sep 2025 $1,068.74 968.74% 478.46%

About the iShares Russell 1000 Growth ETF

The iShares Russell 1000 Growth ETF (IWF) is an exchange-traded fund managed by BlackRock that seeks to track the performance of the Russell 1000 Growth Index. Launched in May 2000, IWF focuses on large-cap US companies that are expected to grow at an above-average rate compared to their peers.

The fund emphasizes stocks with strong earnings growth potential and typically includes companies from sectors like technology, healthcare, and consumer discretionary. IWF offers investors a cost-effective way to gain concentrated exposure to growth-oriented large-cap US equities through a single diversified investment vehicle, making it an ideal choice for investors seeking to capitalize on the growth potential of America's largest companies.

Last Close
Apr 16, 2026
469.23
Highest
Oct 29, 2025
490.78
Highest, Inflation-Adjusted
Nov 3, 2025
496.19
Annualized return
Since May 26, 2000
8.28%
Annualized return, Inflation-Adjusted
Since May 26, 2000
5.57%

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Other Inflation-Adjusted Data