Inflation-Adjusted Vanguard Total Stock Market ETF (VTI)

The Vanguard Total Stock Market ETF (VTI) offers broad exposure to the entire US equity market, tracking the performance of the CRSP US Total Market Index.

To accurately assess an asset's growth, it's essential to look beyond nominal price increases and understand its real value. This page presents the historical prices of VTI adjusted for inflation using the US Consumer Price Index, offering a clear view of its performance.

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

The current value of the Vanguard Total Stock Market ETF is 364.19 (as of the close of May 20, 2026), 0.87% lower than the all-time high of 367.4 (May 14, 2026).

Since June 15, 2001, the inflation-adjusted total return for the ETF has been 440.91%, which is equivalent to an annual growth rate of 7.01%.

In nominal values, the total return since this date has been 911.99%, or an annualized rate of 9.73%.

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
May 2026	364.19	364.19
Apr 2026	354.18	354.18
Mar 2026	323.54	320.81
Feb 2026	344.16	337.72
Jan 2026	347.62	339.51
Dec 2025	343.47	334.23
Nov 2025	343.5	334.32
Oct 2025	333.43	333.43
Sep 2025	334.48	326.23
Aug 2025	324.25	315.44
Jul 2025	317.71	308.19
Jun 2025	311.06	301.29
May 2025	296.8	286.5
Apr 2025	279.92	269.64
Mar 2025	282.87	271.64
Feb 2025	301.14	288.53
Jan 2025	308.3	294.09
Dec 2024	301.18	285.43
Nov 2024	310.74	294.39
Oct 2024	291.07	275.9
Sep 2024	293.61	277.99
Aug 2024	288.23	272.46
Jul 2024	282.45	266.77
Jun 2024	277.53	261.82
May 2024	269.33	254
Apr 2024	257.52	242.47
Mar 2024	270.27	253.48
Feb 2024	263.43	245.48
Jan 2024	251.72	233.13
Dec 2023	250.3	230.55
Nov 2023	237.48	218.96
Oct 2023	216.61	200.12
Sep 2023	222.41	205.56
Aug 2023	234.21	215.93
Jul 2023	239.87	220.18
Jun 2023	231.83	212.4
May 2023	217.92	199.01
Apr 2023	217.54	198.17
Mar 2023	216.31	196.06
Feb 2023	211.31	190.89
Jan 2023	217.72	195.59
Dec 2022	205.25	182.92
Nov 2022	217.35	194.3
Oct 2022	206.46	184.75
Sep 2022	191.74	170.89
Aug 2022	211.69	188.27
Jul 2022	219.81	195.56
Jun 2022	201	178.85
May 2022	222.04	194.89
Apr 2022	225.06	195.38
Mar 2022	249.06	215.02
Feb 2022	244.41	208.23
Jan 2022	252.94	213.54
Dec 2021	271.52	227.31
Nov 2021	262.4	219.01
Oct 2021	267.6	222.25
Sep 2021	252.91	208.32
Aug 2021	265.45	218.06
Jul 2021	258.61	212
Jun 2021	255.41	208.38
May 2021	251.55	203.34
Apr 2021	252.41	202.41
Mar 2021	242.28	192.71
Feb 2021	235.41	185.93
Jan 2021	229.5	180.27
Dec 2020	231.25	180.87
Nov 2020	221.13	172.79
Oct 2020	197.66	154.55
Sep 2020	201.68	157.62
Aug 2020	209.37	163.41
Jul 2020	196.09	152.57
Jun 2020	186.38	144.28
May 2020	183.2	141.04
Apr 2020	173.82	133.82
Mar 2020	152.61	118.29
Feb 2020	176.84	137.36
Jan 2020	192.74	149.31
Dec 2019	193.61	149.4
Nov 2019	188.16	145.33
Oct 2019	181.2	140.02
Sep 2019	177.87	137.14
Aug 2019	174.9	134.74
Jul 2019	178.61	137.61
Jun 2019	176.42	135.69
May 2019	164.79	126.72
Apr 2019	176.53	135.46
Mar 2019	170.76	130.34
Feb 2019	169.33	128.53
Jan 2019	164.2	124.11
Dec 2018	151.57	114.34
Nov 2018	166.35	125.9
Oct 2018	162.53	123.42
Sep 2018	175.84	133.29
Aug 2018	175.71	133.04
Jul 2018	169.97	128.62
Jun 2018	164.52	124.49
May 2018	163.64	123.62
Apr 2018	159.96	120.35
Mar 2018	159.88	119.81
Feb 2018	163.45	122.21
Jan 2018	170.61	126.98
Dec 2017	163.01	120.67
Nov 2017	161.05	119.29
Oct 2017	156.32	115.78
Sep 2017	152.9	113.32
Aug 2017	150.05	110.63
Jul 2017	150.28	110.46
Jun 2017	147.4	108.42
May 2017	146.15	107.41
Apr 2017	144.81	106.33
Mar 2017	143.71	105.21
Feb 2017	143.75	105.16
Jan 2017	139.07	101.41
Dec 2016	137.33	99.56
Nov 2016	134.7	97.63
Oct 2016	128.71	93.43
Sep 2016	131.76	95.52
Aug 2016	131.82	95.34
Jul 2016	131.67	95.14
Jun 2016	126.43	91.5
May 2016	126.5	91.25
Apr 2016	124.85	89.7
Mar 2016	124.62	89.11
Feb 2016	116.85	83.2
Jan 2016	116.96	83.21
Dec 2015	124.27	88.26
Nov 2015	126.53	90.18
Oct 2015	125.51	89.64
Sep 2015	116.26	83.07
Aug 2015	119.57	85.57
Jul 2015	127.15	91.12
Jun 2015	125.03	89.6
May 2015	127.61	91.12
Apr 2015	126.62	89.96
Mar 2015	126.1	89.41
Feb 2015	128.34	90.46
Jan 2015	121.9	85.55
Dec 2014	124.74	87.96
Nov 2014	124.09	87.99
Oct 2014	120.43	85.86
Sep 2014	116.92	83.57
Aug 2014	119.51	85.36
Jul 2014	114.56	81.96
Jun 2014	116.84	83.62
May 2014	114.07	81.49
Apr 2014	112.11	79.81
Mar 2014	112.41	79.76
Feb 2014	112.57	79.36
Jan 2014	107.74	75.68
Dec 2013	111.68	78.15
Nov 2013	108.7	76.08
Oct 2013	105.63	74.08
Sep 2013	101.04	71.04
Aug 2013	97.37	68.38
Jul 2013	100.53	70.52
Jun 2013	95.11	66.69
May 2013	96.73	67.66
Apr 2013	94.59	66.05
Mar 2013	93	65
Feb 2013	89.7	62.53
Jan 2013	89.29	61.74
Dec 2012	84.95	58.57
Nov 2012	83.65	57.83
Oct 2012	82.61	57.38
Sep 2012	84.1	58.44
Aug 2012	82.42	57.02
Jul 2012	80.7	55.52
Jun 2012	79.87	55.04
May 2012	76.65	52.9
Apr 2012	81.65	56.41
Mar 2012	82.42	56.77
Feb 2012	80.57	55.08
Jan 2012	77.65	52.85
Dec 2011	74.23	50.3
Nov 2011	73.33	49.82
Oct 2011	73.55	50
Sep 2011	65.9	44.9
Aug 2011	71.41	48.58
Jul 2011	76.25	51.73
Jun 2011	78.09	52.93
May 2011	79.44	53.9
Apr 2011	80.67	54.48
Mar 2011	78.9	52.94
Feb 2011	79.34	52.72
Jan 2011	76.89	50.84
Dec 2010	75.7	49.82
Nov 2010	70.9	46.58
Oct 2010	70.57	46.35
Sep 2010	67.92	44.55
Aug 2010	62.09	40.7
Jul 2010	65.25	42.71
Jun 2010	60.98	39.91
May 2010	64.7	42.39
Apr 2010	70.29	46.02
Mar 2010	68.91	45.03
Feb 2010	65.04	42.33
Jan 2010	62.89	40.92
Dec 2009	65.44	42.43
Nov 2009	63.51	41.25
Oct 2009	60.13	39.03
Sep 2009	61.81	40.09
Aug 2009	59.4	38.5
Jul 2009	57.4	37.12
Jun 2009	53.19	34.45
May 2009	53.46	34.33
Apr 2009	50.83	32.55
Mar 2009	45.91	29.33
Feb 2009	42.51	27.09
Jan 2009	47.75	30.27
Dec 2008	52.15	32.92
Nov 2008	50.72	32.35
Oct 2008	54.08	35.17
Sep 2008	64.88	42.62
Aug 2008	71.39	46.96
Jul 2008	70.08	46.29
Jun 2008	70.89	46.58
May 2008	77.93	50.7
Apr 2008	77.04	49.69
Mar 2008	73.89	47.38
Feb 2008	75.21	47.81
Jan 2008	77.36	49.03
Dec 2007	82.85	52.25
Nov 2007	83.38	52.62
Oct 2007	87.84	55.11
Sep 2007	86.48	54.14
Aug 2007	83.51	52.14
Jul 2007	82.15	51.38
Jun 2007	85.14	53.26
May 2007	86.83	54.22
Apr 2007	84.23	52.27
Mar 2007	81.5	50.25
Feb 2007	81.33	49.7
Jan 2007	83.11	50.52
Dec 2006	81.84	49.59
Nov 2006	80.99	49.01
Oct 2006	79.03	47.89
Sep 2006	75.92	46.26
Aug 2006	73.88	45.24
Jul 2006	72.36	44.22
Jun 2006	72.67	44.27
May 2006	72.71	44.22
Apr 2006	75.51	45.69
Mar 2006	75.43	45.26
Feb 2006	74.32	44.35
Jan 2006	74.31	44.25
Dec 2005	72.54	42.87
Nov 2005	72.24	42.86
Oct 2005	68.5	40.97
Sep 2005	70.28	41.96
Aug 2005	70.59	41.63
Jul 2005	71.73	42.09
Jun 2005	69.04	40.32
May 2005	68.55	40.02
Apr 2005	65.92	38.52
Mar 2005	67.86	39.39
Feb 2005	69.7	40.14
Jan 2005	68.67	39.32
Dec 2004	70.58	40.33
Nov 2004	67.99	39
Oct 2004	64.95	37.23
Sep 2004	64.14	36.57
Aug 2004	63.21	35.97
Jul 2004	63.21	35.95
Jun 2004	65.43	37.27
May 2004	64.34	36.53
Apr 2004	63.79	36.01
Mar 2004	65.45	36.83
Feb 2004	66.55	37.21
Jan 2004	65.99	36.7
Dec 2003	64.62	35.76
Nov 2003	62.07	34.39
Oct 2003	60.99	33.88
Sep 2003	57.44	31.95
Aug 2003	58.25	32.29
Jul 2003	57.1	31.53
Jun 2003	55.87	30.82
May 2003	55.04	30.33
Apr 2003	51.92	28.66
Mar 2003	47.7	26.38
Feb 2003	47.63	26.19
Jan 2003	48.75	26.6
Dec 2002	50.36	27.35
Nov 2002	52.93	28.82
Oct 2002	49.93	27.18
Sep 2002	46.53	25.29
Aug 2002	51.85	28.13
Jul 2002	51.63	27.92
Jun 2002	56.39	30.46
May 2002	60.6	32.72
Apr 2002	61.46	33.19
Mar 2002	64.69	34.73
Feb 2002	62.75	33.5
Jan 2002	64.12	34.1
Dec 2001	64.83	34.4
Nov 2001	63.66	33.91
Oct 2001	59.06	31.51
Sep 2001	57.67	30.88
Aug 2001	63.44	33.82
Jul 2001	67.39	35.92
Jun 2001	68.51	36.62

Returns from Investing in the Vanguard Total Stock Market ETF

How much did an investment in the VTI 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 Vanguard Total Stock Market 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 2015.

Year	Inflation-Adjusted Return	Nominal Return
2024	20.33%	23.8%
2023	21.95%	26.04%
2022	-24.41%	-19.53%
2021	17.41%	25.68%
2020	19.44%	21.07%
2019	27.74%	30.66%
2018	-7.02%	-5.24%
2017	18.7%	21.2%
2016	10.51%	12.81%
2015	-0.38%	0.35%
2014	11.69%	12.54%
2013	31.46%	33.44%
2012	14.44%	16.44%
2011	-1.95%	0.96%
2010	15.69%	17.42%
2009	25.47%	28.89%
2008	-37.05%	-36.99%
2007	1.23%	5.36%
2006	12.82%	15.69%
2005	2.79%	6.3%
2004	9.22%	12.77%
2003	28.32%	30.74%
2002	-22.33%	-20.48%

Vanguard Total Stock Market 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 Vanguard Total Stock Market over various trailing periods ending April 30, 2026, offering a clearer view of long-term, real investment performance.

Period	Avg. Annual Return (Inflation-Adjusted)	Avg. Annual Return (Nominal)
Last 1 year	26.53%	31.35%
Last 3 years	17.64%	21.36%
Last 5 years	7.01%	11.84%
Last 10 years	10.99%	14.72%
Last 20 years	8.03%	10.78%

Real Returns of Investing in the Vanguard Total Stock Market

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 Vanguard Total Stock Market five years ago yielded an 75.46% nominal gain, but the real return (the actual increase in buying power) was 42.08%.

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	$175.46	75.46%	42.08%
Last 10 years Feb 2016 - Sep 2025	$392.11	292.11%	186.25%

About the Vanguard Total Stock Market ETF

The Vanguard Total Stock Market ETF (VTI) is a highly diversified exchange-traded fund designed to provide investors with comprehensive exposure to the US stock market. Launched by Vanguard in May 2001, VTI seeks to track the investment performance of the CRSP US Total Market Index, which represents approximately 100% of the investable US stock market, including large-cap, mid-cap, small-cap, and micro-cap stocks. It is a popular choice for investors seeking a low-cost, broad market-cap-weighted investment that captures the overall performance of US equities.

Last Close May 20, 2026	364.19
Highest May 14, 2026	367.4
Highest, Inflation-Adjusted May 14, 2026	367.4
Annualized return Since Jun 15, 2001	9.73%
Annualized return, Inflation-Adjusted Since Jun 15, 2001	7.01%