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 December 2025 as the baseline (latest available CPI).

The current value of the Vanguard Total Stock Market ETF is 343.08 (as of the close of Jan 28, 2026), 0.06% lower than the all-time high of 343.27 (Jan 27, 2026).

Since June 15, 2001, the inflation-adjusted total return for the ETF has been 422.03%, which is equivalent to an annual growth rate of 6.94%.

In nominal values, the total return since this date has been 850.37%, or an annualized rate of 9.58%.

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
Jan 2026	343.08	343.08
Dec 2025	335.27	335.27
Nov 2025	335.29	335.36
Oct 2025	334.47	334.47
Sep 2025	326.49	327.24
Aug 2025	316.5	316.43
Jul 2025	310.12	309.16
Jun 2025	303.63	302.23
May 2025	289.71	287.4
Apr 2025	273.23	270.48
Mar 2025	276.11	272.49
Feb 2025	293.95	289.44
Jan 2025	300.94	295.01
Dec 2024	293.99	286.32
Nov 2024	303.32	295.31
Oct 2024	284.12	276.76
Sep 2024	286.6	278.86
Aug 2024	281.35	273.31
Jul 2024	275.7	267.61
Jun 2024	270.9	262.64
May 2024	262.9	254.8
Apr 2024	251.37	243.22
Mar 2024	263.81	254.27
Feb 2024	257.14	246.25
Jan 2024	245.71	233.85
Dec 2023	244.32	231.27
Nov 2023	231.81	219.65
Oct 2023	211.44	200.75
Sep 2023	217.1	206.2
Aug 2023	228.62	216.6
Jul 2023	234.14	220.87
Jun 2023	226.29	213.06
May 2023	212.72	199.64
Apr 2023	212.35	198.79
Mar 2023	211.14	196.67
Feb 2023	206.26	191.49
Jan 2023	212.52	196.2
Dec 2022	200.34	183.49
Nov 2022	212.16	194.91
Oct 2022	201.52	185.33
Sep 2022	187.16	171.42
Aug 2022	206.64	188.86
Jul 2022	214.56	196.17
Jun 2022	196.2	179.4
May 2022	216.74	195.5
Apr 2022	219.68	195.99
Mar 2022	243.11	215.69
Feb 2022	238.58	208.88
Jan 2022	246.9	214.21
Dec 2021	265.03	228.02
Nov 2021	256.14	219.69
Oct 2021	261.21	222.95
Sep 2021	246.87	208.97
Aug 2021	259.11	218.74
Jul 2021	252.43	212.66
Jun 2021	249.31	209.03
May 2021	245.54	203.97
Apr 2021	246.38	203.04
Mar 2021	236.5	193.31
Feb 2021	229.79	186.51
Jan 2021	224.02	180.83
Dec 2020	225.72	181.44
Nov 2020	215.85	173.33
Oct 2020	192.94	155.03
Sep 2020	196.86	158.12
Aug 2020	204.37	163.92
Jul 2020	191.41	153.04
Jun 2020	181.93	144.73
May 2020	178.82	141.48
Apr 2020	169.67	134.24
Mar 2020	148.97	118.66
Feb 2020	172.62	137.79
Jan 2020	188.14	149.77
Dec 2019	188.99	149.87
Nov 2019	183.67	145.78
Oct 2019	176.87	140.46
Sep 2019	173.62	137.56
Aug 2019	170.72	135.16
Jul 2019	174.34	138.04
Jun 2019	172.2	136.11
May 2019	160.85	127.12
Apr 2019	172.31	135.88
Mar 2019	166.68	130.75
Feb 2019	165.28	128.93
Jan 2019	160.28	124.5
Dec 2018	147.95	114.7
Nov 2018	162.38	126.29
Oct 2018	158.64	123.8
Sep 2018	171.64	133.71
Aug 2018	171.51	133.45
Jul 2018	165.91	129.02
Jun 2018	160.59	124.88
May 2018	159.73	124.01
Apr 2018	156.14	120.72
Mar 2018	156.06	120.18
Feb 2018	159.55	122.59
Jan 2018	166.53	127.38
Dec 2017	159.12	121.05
Nov 2017	157.2	119.66
Oct 2017	152.58	116.14
Sep 2017	149.25	113.68
Aug 2017	146.47	110.97
Jul 2017	146.69	110.8
Jun 2017	143.88	108.76
May 2017	142.66	107.74
Apr 2017	141.35	106.66
Mar 2017	140.28	105.54
Feb 2017	140.32	105.48
Jan 2017	135.75	101.73
Dec 2016	134.05	99.87
Nov 2016	131.49	97.93
Oct 2016	125.64	93.72
Sep 2016	128.62	95.82
Aug 2016	128.67	95.63
Jul 2016	128.52	95.44
Jun 2016	123.41	91.79
May 2016	123.48	91.54
Apr 2016	121.87	89.98
Mar 2016	121.64	89.39
Feb 2016	114.06	83.46
Jan 2016	114.17	83.47
Dec 2015	121.3	88.53
Nov 2015	123.51	90.46
Oct 2015	122.51	89.92
Sep 2015	113.48	83.33
Aug 2015	116.72	85.84
Jul 2015	124.11	91.4
Jun 2015	122.05	89.88
May 2015	124.56	91.41
Apr 2015	123.59	90.24
Mar 2015	123.09	89.69
Feb 2015	125.28	90.74
Jan 2015	118.99	85.82
Dec 2014	121.76	88.23
Nov 2014	121.12	88.27
Oct 2014	117.55	86.13
Sep 2014	114.12	83.83
Aug 2014	116.66	85.62
Jul 2014	111.82	82.21
Jun 2014	114.05	83.89
May 2014	111.35	81.74
Apr 2014	109.44	80.06
Mar 2014	109.73	80.01
Feb 2014	109.88	79.61
Jan 2014	105.17	75.91
Dec 2013	109.01	78.4
Nov 2013	106.11	76.31
Oct 2013	103.1	74.31
Sep 2013	98.63	71.27
Aug 2013	95.04	68.59
Jul 2013	98.13	70.74
Jun 2013	92.84	66.89
May 2013	94.42	67.87
Apr 2013	92.33	66.25
Mar 2013	90.78	65.21
Feb 2013	87.56	62.73
Jan 2013	87.16	61.94
Dec 2012	82.92	58.75
Nov 2012	81.65	58.01
Oct 2012	80.64	57.56
Sep 2012	82.09	58.62
Aug 2012	80.45	57.2
Jul 2012	78.77	55.69
Jun 2012	77.96	55.21
May 2012	74.82	53.06
Apr 2012	79.7	56.59
Mar 2012	80.45	56.95
Feb 2012	78.65	55.25
Jan 2012	75.8	53.02
Dec 2011	72.46	50.46
Nov 2011	71.58	49.97
Oct 2011	71.79	50.16
Sep 2011	64.33	45.04
Aug 2011	69.71	48.73
Jul 2011	74.43	51.89
Jun 2011	76.22	53.09
May 2011	77.54	54.07
Apr 2011	78.74	54.65
Mar 2011	77.02	53.11
Feb 2011	77.44	52.89
Jan 2011	75.05	51
Dec 2010	73.89	49.98
Nov 2010	69.21	46.73
Oct 2010	68.88	46.49
Sep 2010	66.3	44.69
Aug 2010	60.61	40.83
Jul 2010	63.69	42.85
Jun 2010	59.52	40.04
May 2010	63.16	42.52
Apr 2010	68.61	46.16
Mar 2010	67.27	45.18
Feb 2010	63.48	42.46
Jan 2010	61.39	41.05
Dec 2009	63.87	42.57
Nov 2009	61.99	41.38
Oct 2009	58.69	39.15
Sep 2009	60.34	40.21
Aug 2009	57.98	38.62
Jul 2009	56.03	37.24
Jun 2009	51.92	34.56
May 2009	52.18	34.44
Apr 2009	49.62	32.65
Mar 2009	44.82	29.42
Feb 2009	41.5	27.17
Jan 2009	46.61	30.37
Dec 2008	50.91	33.03
Nov 2008	49.51	32.45
Oct 2008	52.79	35.28
Sep 2008	63.33	42.75
Aug 2008	69.68	47.11
Jul 2008	68.4	46.43
Jun 2008	69.19	46.72
May 2008	76.07	50.85
Apr 2008	75.2	49.85
Mar 2008	72.13	47.53
Feb 2008	73.41	47.96
Jan 2008	75.51	49.18
Dec 2007	80.87	52.42
Nov 2007	81.38	52.78
Oct 2007	85.75	55.28
Sep 2007	84.42	54.31
Aug 2007	81.51	52.3
Jul 2007	80.19	51.54
Jun 2007	83.1	53.43
May 2007	84.76	54.39
Apr 2007	82.21	52.44
Mar 2007	79.55	50.41
Feb 2007	79.39	49.85
Jan 2007	81.13	50.68
Dec 2006	79.89	49.75
Nov 2006	79.06	49.16
Oct 2006	77.14	48.04
Sep 2006	74.11	46.4
Aug 2006	72.12	45.38
Jul 2006	70.64	44.36
Jun 2006	70.93	44.41
May 2006	70.98	44.35
Apr 2006	73.71	45.83
Mar 2006	73.63	45.4
Feb 2006	72.55	44.49
Jan 2006	72.54	44.39
Dec 2005	70.81	43
Nov 2005	70.51	43
Oct 2005	66.86	41.1
Sep 2005	68.61	42.09
Aug 2005	68.9	41.76
Jul 2005	70.01	42.22
Jun 2005	67.39	40.45
May 2005	66.92	40.14
Apr 2005	64.35	38.64
Mar 2005	66.24	39.51
Feb 2005	68.03	40.27
Jan 2005	67.03	39.45
Dec 2004	68.89	40.46
Nov 2004	66.37	39.12
Oct 2004	63.4	37.35
Sep 2004	62.6	36.69
Aug 2004	61.7	36.08
Jul 2004	61.7	36.06
Jun 2004	63.87	37.39
May 2004	62.8	36.65
Apr 2004	62.26	36.12
Mar 2004	63.88	36.94
Feb 2004	64.96	37.33
Jan 2004	64.41	36.81
Dec 2003	63.08	35.87
Nov 2003	60.59	34.5
Oct 2003	59.53	33.99
Sep 2003	56.07	32.05
Aug 2003	56.85	32.39
Jul 2003	55.74	31.63
Jun 2003	54.53	30.91
May 2003	53.72	30.42
Apr 2003	50.68	28.74
Mar 2003	46.56	26.46
Feb 2003	46.49	26.27
Jan 2003	47.58	26.68
Dec 2002	49.15	27.44
Nov 2002	51.67	28.91
Oct 2002	48.74	27.27
Sep 2002	45.42	25.37
Aug 2002	50.61	28.22
Jul 2002	50.4	28.01
Jun 2002	55.04	30.56
May 2002	59.15	32.82
Apr 2002	60	33.29
Mar 2002	63.15	34.84
Feb 2002	61.25	33.61
Jan 2002	62.59	34.21
Dec 2001	63.29	34.51
Nov 2001	62.14	34.02
Oct 2001	57.65	31.61
Sep 2001	56.3	30.98
Aug 2001	61.93	33.92
Jul 2001	65.78	36.03
Jun 2001	66.87	36.73

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 December 31, 2025, offering a clearer view of long-term, real investment performance.

Period	Avg. Annual Return (Inflation-Adjusted)	Avg. Annual Return (Nominal)
Last 1 year	14.04%	17.09%
Last 3 years	18.72%	22.25%
Last 5 years	8.23%	13.07%
Last 10 years	10.7%	14.24%
Last 20 years	8.08%	10.81%

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 Jan 28, 2026	343.08
Highest Jan 27, 2026	343.27
Highest, Inflation-Adjusted Jan 27, 2026	343.27
Annualized return Since Jun 15, 2001	9.58%
Annualized return, Inflation-Adjusted Since Jun 15, 2001	6.94%