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 March 2026 as the baseline (latest available CPI).

The current value of the Vanguard Total Stock Market ETF is 355.29 (as of the close of May 1, 2026), which is the all-time high.

Since June 15, 2001, the inflation-adjusted total return for the ETF has been 432.18%, which is equivalent to an annual growth rate of 6.95%.

In nominal values, the total return since this date has been 887.26%, or an annualized rate of 9.64%.

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	355.29	355.29
Apr 2026	354.18	354.18
Mar 2026	320.81	320.81
Feb 2026	341.26	337.72
Jan 2026	344.69	339.51
Dec 2025	340.58	334.23
Nov 2025	340.6	334.32
Oct 2025	333.43	333.43
Sep 2025	331.66	326.23
Aug 2025	321.51	315.44
Jul 2025	315.03	308.19
Jun 2025	308.44	301.29
May 2025	294.3	286.5
Apr 2025	277.56	269.64
Mar 2025	280.48	271.64
Feb 2025	298.6	288.53
Jan 2025	305.7	294.09
Dec 2024	298.64	285.43
Nov 2024	308.12	294.39
Oct 2024	288.62	275.9
Sep 2024	291.14	277.99
Aug 2024	285.8	272.46
Jul 2024	280.07	266.77
Jun 2024	275.19	261.82
May 2024	267.06	254
Apr 2024	255.35	242.47
Mar 2024	267.99	253.48
Feb 2024	261.21	245.48
Jan 2024	249.6	233.13
Dec 2023	248.19	230.55
Nov 2023	235.48	218.96
Oct 2023	214.78	200.12
Sep 2023	220.54	205.56
Aug 2023	232.24	215.93
Jul 2023	237.85	220.18
Jun 2023	229.88	212.4
May 2023	216.08	199.01
Apr 2023	215.71	198.17
Mar 2023	214.49	196.06
Feb 2023	209.53	190.89
Jan 2023	215.88	195.59
Dec 2022	203.52	182.92
Nov 2022	215.51	194.3
Oct 2022	204.71	184.75
Sep 2022	190.12	170.89
Aug 2022	209.91	188.27
Jul 2022	217.96	195.56
Jun 2022	199.31	178.85
May 2022	220.17	194.89
Apr 2022	223.16	195.38
Mar 2022	246.96	215.02
Feb 2022	242.35	208.23
Jan 2022	250.81	213.54
Dec 2021	269.23	227.31
Nov 2021	260.19	219.01
Oct 2021	265.34	222.25
Sep 2021	250.78	208.32
Aug 2021	263.21	218.06
Jul 2021	256.43	212
Jun 2021	253.26	208.38
May 2021	249.42	203.34
Apr 2021	250.28	202.41
Mar 2021	240.24	192.71
Feb 2021	233.43	185.93
Jan 2021	227.56	180.27
Dec 2020	229.3	180.87
Nov 2020	219.26	172.79
Oct 2020	196	154.55
Sep 2020	199.98	157.62
Aug 2020	207.6	163.41
Jul 2020	194.44	152.57
Jun 2020	184.81	144.28
May 2020	181.65	141.04
Apr 2020	172.35	133.82
Mar 2020	151.33	118.29
Feb 2020	175.35	137.36
Jan 2020	191.12	149.31
Dec 2019	191.98	149.4
Nov 2019	186.58	145.33
Oct 2019	179.67	140.02
Sep 2019	176.37	137.14
Aug 2019	173.42	134.74
Jul 2019	177.1	137.61
Jun 2019	174.93	135.69
May 2019	163.4	126.72
Apr 2019	175.04	135.46
Mar 2019	169.32	130.34
Feb 2019	167.9	128.53
Jan 2019	162.82	124.11
Dec 2018	150.29	114.34
Nov 2018	164.95	125.9
Oct 2018	161.16	123.42
Sep 2018	174.36	133.29
Aug 2018	174.23	133.04
Jul 2018	168.54	128.62
Jun 2018	163.14	124.49
May 2018	162.26	123.62
Apr 2018	158.62	120.35
Mar 2018	158.53	119.81
Feb 2018	162.08	122.21
Jan 2018	169.17	126.98
Dec 2017	161.64	120.67
Nov 2017	159.69	119.29
Oct 2017	155	115.78
Sep 2017	151.61	113.32
Aug 2017	148.79	110.63
Jul 2017	149.01	110.46
Jun 2017	146.16	108.42
May 2017	144.92	107.41
Apr 2017	143.59	106.33
Mar 2017	142.5	105.21
Feb 2017	142.54	105.16
Jan 2017	137.9	101.41
Dec 2016	136.17	99.56
Nov 2016	133.57	97.63
Oct 2016	127.63	93.43
Sep 2016	130.65	95.52
Aug 2016	130.71	95.34
Jul 2016	130.56	95.14
Jun 2016	125.36	91.5
May 2016	125.44	91.25
Apr 2016	123.8	89.7
Mar 2016	123.57	89.11
Feb 2016	115.87	83.2
Jan 2016	115.97	83.21
Dec 2015	123.22	88.26
Nov 2015	125.47	90.18
Oct 2015	124.45	89.64
Sep 2015	115.28	83.07
Aug 2015	118.57	85.57
Jul 2015	126.08	91.12
Jun 2015	123.98	89.6
May 2015	126.53	91.12
Apr 2015	125.55	89.96
Mar 2015	125.04	89.41
Feb 2015	127.26	90.46
Jan 2015	120.87	85.55
Dec 2014	123.69	87.96
Nov 2014	123.04	87.99
Oct 2014	119.41	85.86
Sep 2014	115.93	83.57
Aug 2014	118.5	85.36
Jul 2014	113.59	81.96
Jun 2014	115.86	83.62
May 2014	113.11	81.49
Apr 2014	111.17	79.81
Mar 2014	111.47	79.76
Feb 2014	111.62	79.36
Jan 2014	106.83	75.68
Dec 2013	110.74	78.15
Nov 2013	107.79	76.08
Oct 2013	104.74	74.08
Sep 2013	100.19	71.04
Aug 2013	96.55	68.38
Jul 2013	99.69	70.52
Jun 2013	94.31	66.69
May 2013	95.91	67.66
Apr 2013	93.79	66.05
Mar 2013	92.21	65
Feb 2013	88.94	62.53
Jan 2013	88.54	61.74
Dec 2012	84.24	58.57
Nov 2012	82.94	57.83
Oct 2012	81.91	57.38
Sep 2012	83.39	58.44
Aug 2012	81.73	57.02
Jul 2012	80.02	55.52
Jun 2012	79.2	55.04
May 2012	76.01	52.9
Apr 2012	80.96	56.41
Mar 2012	81.72	56.77
Feb 2012	79.89	55.08
Jan 2012	77	52.85
Dec 2011	73.6	50.3
Nov 2011	72.71	49.82
Oct 2011	72.93	50
Sep 2011	65.35	44.9
Aug 2011	70.81	48.58
Jul 2011	75.61	51.73
Jun 2011	77.43	52.93
May 2011	78.77	53.9
Apr 2011	79.99	54.48
Mar 2011	78.24	52.94
Feb 2011	78.67	52.72
Jan 2011	76.24	50.84
Dec 2010	75.06	49.82
Nov 2010	70.3	46.58
Oct 2010	69.98	46.35
Sep 2010	67.35	44.55
Aug 2010	61.57	40.7
Jul 2010	64.7	42.71
Jun 2010	60.47	39.91
May 2010	64.16	42.39
Apr 2010	69.7	46.02
Mar 2010	68.33	45.03
Feb 2010	64.49	42.33
Jan 2010	62.36	40.92
Dec 2009	64.89	42.43
Nov 2009	62.97	41.25
Oct 2009	59.62	39.03
Sep 2009	61.29	40.09
Aug 2009	58.9	38.5
Jul 2009	56.92	37.12
Jun 2009	52.75	34.45
May 2009	53.01	34.33
Apr 2009	50.41	32.55
Mar 2009	45.53	29.33
Feb 2009	42.15	27.09
Jan 2009	47.35	30.27
Dec 2008	51.71	32.92
Nov 2008	50.29	32.35
Oct 2008	53.63	35.17
Sep 2008	64.33	42.62
Aug 2008	70.78	46.96
Jul 2008	69.49	46.29
Jun 2008	70.29	46.58
May 2008	77.28	50.7
Apr 2008	76.39	49.69
Mar 2008	73.27	47.38
Feb 2008	74.57	47.81
Jan 2008	76.7	49.03
Dec 2007	82.15	52.25
Nov 2007	82.67	52.62
Oct 2007	87.1	55.11
Sep 2007	85.75	54.14
Aug 2007	82.8	52.14
Jul 2007	81.45	51.38
Jun 2007	84.42	53.26
May 2007	86.1	54.22
Apr 2007	83.52	52.27
Mar 2007	80.81	50.25
Feb 2007	80.64	49.7
Jan 2007	82.41	50.52
Dec 2006	81.15	49.59
Nov 2006	80.31	49.01
Oct 2006	78.37	47.89
Sep 2006	75.28	46.26
Aug 2006	73.26	45.24
Jul 2006	71.75	44.22
Jun 2006	72.05	44.27
May 2006	72.1	44.22
Apr 2006	74.87	45.69
Mar 2006	74.79	45.26
Feb 2006	73.7	44.35
Jan 2006	73.68	44.25
Dec 2005	71.93	42.87
Nov 2005	71.63	42.86
Oct 2005	67.92	40.97
Sep 2005	69.69	41.96
Aug 2005	69.99	41.63
Jul 2005	71.12	42.09
Jun 2005	68.45	40.32
May 2005	67.98	40.02
Apr 2005	65.37	38.52
Mar 2005	67.29	39.39
Feb 2005	69.11	40.14
Jan 2005	68.09	39.32
Dec 2004	69.98	40.33
Nov 2004	67.42	39
Oct 2004	64.4	37.23
Sep 2004	63.6	36.57
Aug 2004	62.68	35.97
Jul 2004	62.67	35.95
Jun 2004	64.88	37.27
May 2004	63.79	36.53
Apr 2004	63.25	36.01
Mar 2004	64.9	36.83
Feb 2004	65.99	37.21
Jan 2004	65.43	36.7
Dec 2003	64.08	35.76
Nov 2003	61.55	34.39
Oct 2003	60.47	33.88
Sep 2003	56.96	31.95
Aug 2003	57.75	32.29
Jul 2003	56.62	31.53
Jun 2003	55.39	30.82
May 2003	54.57	30.33
Apr 2003	51.48	28.66
Mar 2003	47.3	26.38
Feb 2003	47.23	26.19
Jan 2003	48.34	26.6
Dec 2002	49.93	27.35
Nov 2002	52.48	28.82
Oct 2002	49.51	27.18
Sep 2002	46.14	25.29
Aug 2002	51.41	28.13
Jul 2002	51.19	27.92
Jun 2002	55.91	30.46
May 2002	60.09	32.72
Apr 2002	60.95	33.19
Mar 2002	64.15	34.73
Feb 2002	62.22	33.5
Jan 2002	63.58	34.1
Dec 2001	64.29	34.4
Nov 2001	63.13	33.91
Oct 2001	58.56	31.51
Sep 2001	57.19	30.88
Aug 2001	62.91	33.82
Jul 2001	66.82	35.92
Jun 2001	67.93	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 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	14.38%	18.1%
Last 3 years	14.36%	17.84%
Last 5 years	5.95%	10.73%
Last 10 years	10.01%	13.67%
Last 20 years	7.55%	10.29%

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 1, 2026	355.29
Highest May 1, 2026	355.29
Highest, Inflation-Adjusted May 1, 2026	355.29
Annualized return Since Jun 15, 2001	9.64%
Annualized return, Inflation-Adjusted Since Jun 15, 2001	6.95%