What if you invested $1,000 in Developed Markets (EFA) in 2015? (Inflation-Adjusted)

EFA · Index · Adjusted to 2026 dollars using BLS CPI-U data

Nominal returns can be misleading over long periods. $1,000 in Developed Markets (EFA) in 2015 became $2,179 by 2026. Over those 11 years, cumulative CPI inflation reached 39% (BLS CPI-U). Restating the return in constant purchasing power, the real value of your gain in 2015 dollars is $1,568, a real annualized return of +4.1%.

Nominal final value

$2,179

+117.9% total return

Real value (2015 dollars)

$1,568

+56.8% real total return

Real annualized return

+4.1%

vs. +7.2% nominal annualized

Cumulative CPI-U inflation since 2015: 39% (1 dollar in 2015 = $1.39 in 2026)

Year-by-Year (Inflation-Adjusted)

$1,000 in Developed Markets (EFA) since 2015, values in constant 2015 dollars

Year	Nominal Value	Real Value (2015 $)
2015	$1,000	$1,000
2016	$930	$916
2017	$1,030	$993
2018	$1,310	$1,225
2019	$1,146	$1,047
2020	$1,275	$1,147
2021	$1,401	$1,199
2022	$1,516	$1,189
2023	$1,468	$1,109
2024	$1,587	$1,165
2025	$1,729	$1,244
2026	$2,277	$1,638

Inflation adjustment uses BLS CPI-U annual data, deflated to 2026 dollars. Nominal stock data from Yahoo Finance (split-adjusted closing prices). Real values are expressed in constant 2015 purchasing-power dollars. For informational and educational purposes only. Not financial advice. Past performance does not guarantee future results. See our methodology and full disclaimer.