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 February 2026 as the baseline (latest available CPI).

The current value of the iShares Russell 1000 Growth ETF is 438.29 (as of the close of Mar 13, 2026), 10.77% lower than the all-time high of 491.21 (Oct 29, 2025).

While the nominal high reached 491.21, the inflation-adjusted peak value was 491.47 on November 3, 2025.

Since May 26, 2000, the inflation-adjusted total return for the ETF has been 283.93%, which is equivalent to an annual growth rate of 5.35%.

In nominal values, the total return since this date has been 631.56%, or an annualized rate of 8.02%.

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 438.29 438.29
Feb 2026 450.19 450.19
Jan 2026 468.15 465.95
Dec 2025 477.29 473.3
Nov 2025 479.88 475.97
Oct 2025 485.09 485.09
Sep 2025 470.8 467.94
Aug 2025 448.58 444.73
Jul 2025 444.64 439.56
Jun 2025 429.31 423.76
May 2025 404.86 398.27
Apr 2025 372.55 365.72
Mar 2025 367.91 360.04
Feb 2025 402.52 393.03
Jan 2025 419.38 407.69
Dec 2024 414.16 399.99
Nov 2024 410.58 396.4
Oct 2024 385.21 372.1
Sep 2024 387.12 373.51
Aug 2024 376.93 363.1
Jul 2024 369.73 355.88
Jun 2024 376.69 362.16
May 2024 353.44 339.68
Apr 2024 333.91 320.38
Mar 2024 349.96 334.48
Feb 2024 345.59 328.19
Jan 2024 326.12 307.79
Dec 2023 320.1 300.47
Nov 2023 306.63 288.11
Oct 2023 275.77 259.64
Sep 2023 279.74 263.48
Aug 2023 296.65 278.72
Jul 2023 300.83 281.41
Jun 2023 291.39 272.06
May 2023 274.1 255.09
Apr 2023 262.49 243.67
Mar 2023 261.14 241.2
Feb 2023 245.37 225.89
Jan 2023 249.71 228.61
Dec 2022 232.36 211.03
Nov 2022 250.87 228.55
Oct 2022 239.81 218.7
Sep 2022 227.61 206.73
Aug 2022 252.69 229.02
Jul 2022 264.99 240.25
Jun 2022 236.35 214.31
May 2022 260.51 233.02
Apr 2022 269.54 238.47
Mar 2022 308.72 271.61
Feb 2022 300.92 261.26
Jan 2022 316.86 272.61
Dec 2021 349.9 298.52
Nov 2021 343.97 292.56
Oct 2021 343.49 290.73
Sep 2021 318.5 267.35
Aug 2021 338.47 283.35
Jul 2021 327.23 273.38
Jun 2021 318.05 264.43
May 2021 302.51 249.2
Apr 2021 309.22 252.7
Mar 2021 291.72 236.45
Feb 2021 288.68 232.35
Jan 2021 290.35 232.41
Dec 2020 293.9 234.26
Nov 2020 281.64 224.28
Oct 2020 255.11 203.27
Sep 2020 264.11 210.36
Aug 2020 277.37 220.61
Jul 2020 252.56 200.25
Jun 2020 235.52 185.8
May 2020 226.95 178.06
Apr 2020 212.74 166.91
Mar 2020 184.25 145.54
Feb 2020 204.38 161.79
Jan 2020 219.5 173.28
Dec 2019 215.48 169.45
Nov 2019 209.24 164.69
Oct 2019 200.24 157.69
Sep 2019 195.18 153.35
Aug 2019 195.18 153.23
Jul 2019 196.86 154.57
Jun 2019 192.33 150.75
May 2019 180.68 141.6
Apr 2019 193.14 151.04
Mar 2019 185.91 144.62
Feb 2019 181.83 140.65
Jan 2019 176.27 135.77
Dec 2018 162.23 124.72
Nov 2018 176.53 136.15
Oct 2018 174.41 134.97
Sep 2018 191.81 148.17
Aug 2018 190.92 147.32
Jul 2018 181.2 139.74
Jun 2018 176.14 135.82
May 2018 174.74 134.53
Apr 2018 168.1 128.88
Mar 2018 168.32 128.54
Feb 2018 173.41 132.13
Jan 2018 178.85 135.66
Dec 2017 168.14 126.85
Nov 2017 166.5 125.68
Oct 2017 161.73 122.08
Sep 2017 155.54 117.48
Aug 2017 154.47 116.05
Jul 2017 152.17 113.98
Jun 2017 148.19 111.08
May 2017 148.72 111.38
Apr 2017 145.09 108.57
Mar 2017 142.36 106.21
Feb 2017 140.77 104.94
Jan 2017 135.68 100.83
Dec 2016 132.12 97.62
Nov 2016 130.48 96.37
Oct 2016 127.48 94.3
Sep 2016 130.69 96.55
Aug 2016 130.62 96.27
Jul 2016 131.41 96.77
Jun 2016 125.25 92.37
May 2016 126.21 92.78
Apr 2016 124.28 90.99
Mar 2016 126.03 91.84
Feb 2016 118.59 86.05
Jan 2016 118.69 86.05
Dec 2015 126.04 91.23
Nov 2015 127.55 92.64
Oct 2015 126.89 92.35
Sep 2015 116.69 84.96
Aug 2015 119.62 87.24
Jul 2015 127.22 92.91
Jun 2015 123.04 89.85
May 2015 125.66 91.45
Apr 2015 124.66 90.26
Mar 2015 124.24 89.77
Feb 2015 126.46 90.83
Jan 2015 119.16 85.22
Dec 2014 120.36 86.48
Nov 2014 121.02 87.46
Oct 2014 116.53 84.67
Sep 2014 113.36 82.57
Aug 2014 115.11 83.78
Jul 2014 109.96 80.17
Jun 2014 111.6 81.4
May 2014 109.72 79.87
Apr 2014 106.85 77.52
Mar 2014 107.13 77.47
Feb 2014 108.94 78.27
Jan 2014 104.01 74.45
Dec 2013 107.53 76.68
Nov 2013 104.54 74.56
Oct 2013 101.54 72.57
Sep 2013 97 69.5
Aug 2013 92.99 66.55
Jul 2013 94.76 67.74
Jun 2013 89.82 64.18
May 2013 91.96 65.55
Apr 2013 90.37 64.31
Mar 2013 88.41 62.97
Feb 2013 85.42 60.69
Jan 2013 85.19 60.03
Dec 2012 81.98 57.6
Nov 2012 81.74 57.59
Oct 2012 79.96 56.6
Sep 2012 82.33 58.3
Aug 2012 81.54 57.48
Jul 2012 79.41 55.67
Jun 2012 78.41 55.06
May 2012 76.2 53.59
Apr 2012 81.33 57.27
Mar 2012 81.68 57.34
Feb 2012 79.69 55.52
Jan 2012 76.43 53.02
Dec 2011 72.4 50
Nov 2011 72.43 50.14
Oct 2011 72.44 50.19
Sep 2011 65.24 45.3
Aug 2011 70.47 48.85
Jul 2011 74.66 51.62
Jun 2011 75.44 52.11
May 2011 76.46 52.87
Apr 2011 77.68 53.46
Mar 2011 75.69 51.76
Feb 2011 76.42 51.76
Jan 2011 74.26 50.04
Dec 2010 72.84 48.86
Nov 2010 69.2 46.33
Oct 2010 68.46 45.82
Sep 2010 65.34 43.67
Aug 2010 59.13 39.5
Jul 2010 62.12 41.44
Jun 2010 57.98 38.67
May 2010 61.27 40.91
Apr 2010 66.41 44.31
Mar 2010 65.82 43.83
Feb 2010 62.49 41.45
Jan 2010 60.4 40.05
Dec 2009 63.46 41.93
Nov 2009 61.48 40.7
Oct 2009 57.91 38.31
Sep 2009 58.71 38.8
Aug 2009 56.47 37.3
Jul 2009 55.52 36.59
Jun 2009 51.69 34.11
May 2009 51.65 33.8
Apr 2009 49.23 32.13
Mar 2009 44.81 29.17
Feb 2009 41.46 26.92
Jan 2009 45.05 29.11
Dec 2008 47.69 30.68
Nov 2008 46.36 30.14
Oct 2008 49.67 32.92
Sep 2008 59.76 40.01
Aug 2008 67.02 44.93
Jul 2008 65.89 44.35
Jun 2008 67.6 45.26
May 2008 73.36 48.63
Apr 2008 71.62 47.08
Mar 2008 68.27 44.61
Feb 2008 69.44 44.98
Jan 2008 70.82 45.74
Dec 2007 77.27 49.67
Nov 2007 77.74 50
Oct 2007 80.99 51.78
Sep 2007 78.88 50.33
Aug 2007 75.55 48.07
Jul 2007 74.5 47.49
Jun 2007 75.55 48.17
May 2007 76.98 48.99
Apr 2007 74.71 47.25
Mar 2007 71.88 45.17
Feb 2007 72.09 44.89
Jan 2007 73.81 45.72
Dec 2006 72.14 44.55
Nov 2006 72.12 44.47
Oct 2006 70.65 43.63
Sep 2006 67.81 42.1
Aug 2006 65.63 40.95
Jul 2006 63.94 39.82
Jun 2006 65.46 40.65
May 2006 65.69 40.71
Apr 2006 68.54 42.26
Mar 2006 69.31 42.38
Feb 2006 68.34 41.55
Jan 2006 68.31 41.45
Dec 2005 67.91 40.9
Nov 2005 68.01 41.13
Oct 2005 64.46 39.3
Sep 2005 65.5 39.85
Aug 2005 66 39.66
Jul 2005 67.32 40.25
Jun 2005 64.36 38.31
May 2005 64.7 38.49
Apr 2005 61.56 36.66
Mar 2005 63.13 37.34
Feb 2005 65.03 38.17
Jan 2005 64.63 37.72
Dec 2004 67.05 39.04
Nov 2004 64.4 37.64
Oct 2004 61.99 36.21
Sep 2004 61.47 35.72
Aug 2004 60.98 35.36
Jul 2004 61.68 35.75
Jun 2004 65 37.73
May 2004 64.6 37.38
Apr 2004 63.73 36.67
Mar 2004 64.67 37.08
Feb 2004 66.36 37.81
Jan 2004 66.33 37.59
Dec 2003 65.22 36.78
Nov 2003 62.69 35.39
Oct 2003 61.94 35.07
Sep 2003 58.73 33.28
Aug 2003 59.46 33.59
Jul 2003 58.28 32.8
Jun 2003 56.93 32
May 2003 56.35 31.64
Apr 2003 53.46 30.07
Mar 2003 49.48 27.89
Feb 2003 49.01 27.46
Jan 2003 49.51 27.53
Dec 2002 50.99 28.23
Nov 2002 54.84 30.43
Oct 2002 51.87 28.78
Sep 2002 47.92 26.54
Aug 2002 53.18 29.41
Jul 2002 53.41 29.44
Jun 2002 56.43 31.07
May 2002 62.19 34.22
Apr 2002 63.86 35.14
Mar 2002 70.06 38.33
Feb 2002 68.21 37.11
Jan 2002 71.06 38.51
Dec 2001 72.62 39.26
Nov 2001 72.49 39.35
Oct 2001 66.23 36.01
Sep 2001 62.68 34.2
Aug 2001 69.85 37.94
Jul 2001 76.07 41.32
Jun 2001 78.72 42.88
May 2001 79.9 43.45
Apr 2001 81.31 44.02
Mar 2001 72.29 38.98
Feb 2001 81.39 43.78
Jan 2001 99.35 53.23
Dec 2000 93.16 49.61
Nov 2000 95.9 51.09
Oct 2000 112.64 59.98
Sep 2000 119.13 63.32
Aug 2000 131.99 69.79
Jul 2000 120.59 63.77
Jun 2000 125.8 66.37
May 2000 119.93 62.94

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 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 11.84% 14.54%
Last 3 years 22.42% 25.84%
Last 5 years 9.29% 14.14%
Last 10 years 14.27% 18%
Last 20 years 9.88% 12.65%

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
Mar 13, 2026
438.29
Highest
Oct 29, 2025
491.21
Highest, Inflation-Adjusted
Nov 3, 2025
491.47
Annualized return
Since May 26, 2000
8.02%
Annualized return, Inflation-Adjusted
Since May 26, 2000
5.35%

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Other Inflation-Adjusted Data