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 May 2026 as the baseline (latest available CPI).

The current value of the Vanguard Total Stock Market ETF is 370.37 (as of the close of Jun 16, 2026), 1.07% lower than the all-time high of 374.36 (Jun 2, 2026).

Since June 15, 2001, the inflation-adjusted total return for the ETF has been 446.64%, which is equivalent to an annual growth rate of 7.03%.

In nominal values, the total return since this date has been 929.17%, or an annualized rate of 9.77%.

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
Jun 2026	370.37	370.37
May 2026	372.54	372.54
Apr 2026	356.42	354.18
Mar 2026	325.58	320.81
Feb 2026	346.33	337.72
Jan 2026	349.81	339.51
Dec 2025	345.64	334.23
Nov 2025	345.66	334.32
Oct 2025	333.43	333.43
Sep 2025	336.59	326.23
Aug 2025	326.29	315.44
Jul 2025	319.71	308.19
Jun 2025	313.03	301.29
May 2025	298.68	286.5
Apr 2025	281.69	269.64
Mar 2025	284.65	271.64
Feb 2025	303.04	288.53
Jan 2025	310.25	294.09
Dec 2024	303.08	285.43
Nov 2024	312.7	294.39
Oct 2024	292.91	275.9
Sep 2024	295.47	277.99
Aug 2024	290.05	272.46
Jul 2024	284.23	266.77
Jun 2024	279.28	261.82
May 2024	271.03	254
Apr 2024	259.15	242.47
Mar 2024	271.97	253.48
Feb 2024	265.09	245.48
Jan 2024	253.31	233.13
Dec 2023	251.88	230.55
Nov 2023	238.98	218.96
Oct 2023	217.98	200.12
Sep 2023	223.82	205.56
Aug 2023	235.69	215.93
Jul 2023	241.38	220.18
Jun 2023	233.3	212.4
May 2023	219.3	199.01
Apr 2023	218.92	198.17
Mar 2023	217.68	196.06
Feb 2023	212.64	190.89
Jan 2023	219.09	195.59
Dec 2022	206.54	182.92
Nov 2022	218.72	194.3
Oct 2022	207.76	184.75
Sep 2022	192.95	170.89
Aug 2022	213.03	188.27
Jul 2022	221.2	195.56
Jun 2022	202.27	178.85
May 2022	223.44	194.89
Apr 2022	226.48	195.38
Mar 2022	250.63	215.02
Feb 2022	245.96	208.23
Jan 2022	254.53	213.54
Dec 2021	273.23	227.31
Nov 2021	264.06	219.01
Oct 2021	269.29	222.25
Sep 2021	254.51	208.32
Aug 2021	267.13	218.06
Jul 2021	260.24	212
Jun 2021	257.03	208.38
May 2021	253.13	203.34
Apr 2021	254	202.41
Mar 2021	243.81	192.71
Feb 2021	236.9	185.93
Jan 2021	230.95	180.27
Dec 2020	232.71	180.87
Nov 2020	222.52	172.79
Oct 2020	198.91	154.55
Sep 2020	202.95	157.62
Aug 2020	210.69	163.41
Jul 2020	197.33	152.57
Jun 2020	187.56	144.28
May 2020	184.35	141.04
Apr 2020	174.92	133.82
Mar 2020	153.58	118.29
Feb 2020	177.96	137.36
Jan 2020	193.96	149.31
Dec 2019	194.83	149.4
Nov 2019	189.35	145.33
Oct 2019	182.34	140.02
Sep 2019	178.99	137.14
Aug 2019	176	134.74
Jul 2019	179.74	137.61
Jun 2019	177.53	135.69
May 2019	165.83	126.72
Apr 2019	177.64	135.46
Mar 2019	171.84	130.34
Feb 2019	170.4	128.53
Jan 2019	165.24	124.11
Dec 2018	152.53	114.34
Nov 2018	167.41	125.9
Oct 2018	163.55	123.42
Sep 2018	176.95	133.29
Aug 2018	176.82	133.04
Jul 2018	171.04	128.62
Jun 2018	165.56	124.49
May 2018	164.67	123.62
Apr 2018	160.97	120.35
Mar 2018	160.89	119.81
Feb 2018	164.49	122.21
Jan 2018	171.69	126.98
Dec 2017	164.04	120.67
Nov 2017	162.07	119.29
Oct 2017	157.3	115.78
Sep 2017	153.87	113.32
Aug 2017	151	110.63
Jul 2017	151.22	110.46
Jun 2017	148.33	108.42
May 2017	147.08	107.41
Apr 2017	145.73	106.33
Mar 2017	144.62	105.21
Feb 2017	144.66	105.16
Jan 2017	139.95	101.41
Dec 2016	138.2	99.56
Nov 2016	135.55	97.63
Oct 2016	129.53	93.43
Sep 2016	132.59	95.52
Aug 2016	132.65	95.34
Jul 2016	132.5	95.14
Jun 2016	127.23	91.5
May 2016	127.3	91.25
Apr 2016	125.64	89.7
Mar 2016	125.41	89.11
Feb 2016	117.59	83.2
Jan 2016	117.7	83.21
Dec 2015	125.05	88.26
Nov 2015	127.33	90.18
Oct 2015	126.3	89.64
Sep 2015	116.99	83.07
Aug 2015	120.33	85.57
Jul 2015	127.95	91.12
Jun 2015	125.82	89.6
May 2015	128.42	91.12
Apr 2015	127.42	89.96
Mar 2015	126.9	89.41
Feb 2015	129.16	90.46
Jan 2015	122.67	85.55
Dec 2014	125.53	87.96
Nov 2014	124.87	87.99
Oct 2014	121.19	85.86
Sep 2014	117.65	83.57
Aug 2014	120.27	85.36
Jul 2014	115.28	81.96
Jun 2014	117.58	83.62
May 2014	114.79	81.49
Apr 2014	112.82	79.81
Mar 2014	113.12	79.76
Feb 2014	113.28	79.36
Jan 2014	108.42	75.68
Dec 2013	112.39	78.15
Nov 2013	109.39	76.08
Oct 2013	106.29	74.08
Sep 2013	101.68	71.04
Aug 2013	97.98	68.38
Jul 2013	101.17	70.52
Jun 2013	95.71	66.69
May 2013	97.34	67.66
Apr 2013	95.19	66.05
Mar 2013	93.58	65
Feb 2013	90.27	62.53
Jan 2013	89.85	61.74
Dec 2012	85.49	58.57
Nov 2012	84.17	57.83
Oct 2012	83.13	57.38
Sep 2012	84.63	58.44
Aug 2012	82.94	57.02
Jul 2012	81.21	55.52
Jun 2012	80.37	55.04
May 2012	77.14	52.9
Apr 2012	82.16	56.41
Mar 2012	82.94	56.77
Feb 2012	81.08	55.08
Jan 2012	78.14	52.85
Dec 2011	74.7	50.3
Nov 2011	73.8	49.82
Oct 2011	74.01	50
Sep 2011	66.32	44.9
Aug 2011	71.86	48.58
Jul 2011	76.73	51.73
Jun 2011	78.58	52.93
May 2011	79.94	53.9
Apr 2011	81.18	54.48
Mar 2011	79.4	52.94
Feb 2011	79.84	52.72
Jan 2011	77.37	50.84
Dec 2010	76.18	49.82
Nov 2010	71.35	46.58
Oct 2010	71.02	46.35
Sep 2010	68.35	44.55
Aug 2010	62.48	40.7
Jul 2010	65.66	42.71
Jun 2010	61.37	39.91
May 2010	65.11	42.39
Apr 2010	70.74	46.02
Mar 2010	69.35	45.03
Feb 2010	65.45	42.33
Jan 2010	63.29	40.92
Dec 2009	65.85	42.43
Nov 2009	63.91	41.25
Oct 2009	60.51	39.03
Sep 2009	62.2	40.09
Aug 2009	59.77	38.5
Jul 2009	57.76	37.12
Jun 2009	53.53	34.45
May 2009	53.79	34.33
Apr 2009	51.15	32.55
Mar 2009	46.2	29.33
Feb 2009	42.78	27.09
Jan 2009	48.05	30.27
Dec 2008	52.48	32.92
Nov 2008	51.04	32.35
Oct 2008	54.43	35.17
Sep 2008	65.29	42.62
Aug 2008	71.84	46.96
Jul 2008	70.52	46.29
Jun 2008	71.34	46.58
May 2008	78.42	50.7
Apr 2008	77.52	49.69
Mar 2008	74.36	47.38
Feb 2008	75.68	47.81
Jan 2008	77.85	49.03
Dec 2007	83.37	52.25
Nov 2007	83.9	52.62
Oct 2007	88.4	55.11
Sep 2007	87.03	54.14
Aug 2007	84.04	52.14
Jul 2007	82.67	51.38
Jun 2007	85.67	53.26
May 2007	87.38	54.22
Apr 2007	84.76	52.27
Mar 2007	82.01	50.25
Feb 2007	81.84	49.7
Jan 2007	83.64	50.52
Dec 2006	82.36	49.59
Nov 2006	81.51	49.01
Oct 2006	79.53	47.89
Sep 2006	76.4	46.26
Aug 2006	74.35	45.24
Jul 2006	72.82	44.22
Jun 2006	73.12	44.27
May 2006	73.17	44.22
Apr 2006	75.99	45.69
Mar 2006	75.91	45.26
Feb 2006	74.79	44.35
Jan 2006	74.78	44.25
Dec 2005	73	42.87
Nov 2005	72.69	42.86
Oct 2005	68.93	40.97
Sep 2005	70.73	41.96
Aug 2005	71.03	41.63
Jul 2005	72.18	42.09
Jun 2005	69.47	40.32
May 2005	68.99	40.02
Apr 2005	66.34	38.52
Mar 2005	68.29	39.39
Feb 2005	70.14	40.14
Jan 2005	69.1	39.32
Dec 2004	71.02	40.33
Nov 2004	68.42	39
Oct 2004	65.36	37.23
Sep 2004	64.54	36.57
Aug 2004	63.61	35.97
Jul 2004	63.61	35.95
Jun 2004	65.85	37.27
May 2004	64.74	36.53
Apr 2004	64.19	36.01
Mar 2004	65.86	36.83
Feb 2004	66.97	37.21
Jan 2004	66.4	36.7
Dec 2003	65.03	35.76
Nov 2003	62.46	34.39
Oct 2003	61.37	33.88
Sep 2003	57.81	31.95
Aug 2003	58.61	32.29
Jul 2003	57.46	31.53
Jun 2003	56.22	30.82
May 2003	55.39	30.33
Apr 2003	52.25	28.66
Mar 2003	48	26.38
Feb 2003	47.93	26.19
Jan 2003	49.05	26.6
Dec 2002	50.68	27.35
Nov 2002	53.26	28.82
Oct 2002	50.25	27.18
Sep 2002	46.82	25.29
Aug 2002	52.18	28.13
Jul 2002	51.95	27.92
Jun 2002	56.75	30.46
May 2002	60.98	32.72
Apr 2002	61.85	33.19
Mar 2002	65.1	34.73
Feb 2002	63.15	33.5
Jan 2002	64.53	34.1
Dec 2001	65.24	34.4
Nov 2001	64.06	33.91
Oct 2001	59.43	31.51
Sep 2001	58.04	30.88
Aug 2001	63.84	33.82
Jul 2001	67.81	35.92
Jun 2001	68.94	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 May 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	24.73%	30.03%
Last 3 years	19.32%	23.24%
Last 5 years	8.04%	12.87%
Last 10 years	11.34%	15.1%
Last 20 years	8.48%	11.24%

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 Jun 16, 2026	370.37
Highest Jun 2, 2026	374.36
Highest, Inflation-Adjusted Jun 2, 2026	374.36
Annualized return Since Jun 15, 2001	9.77%
Annualized return, Inflation-Adjusted Since Jun 15, 2001	7.03%