What if you invested $1,000 in Emerging Markets (VWO) in 2005? (Inflation-Adjusted)

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

Using BLS CPI-U data, cumulative inflation from 2005 to 2026 totals 72%. Your $1,000 in Emerging Markets (VWO) grew to $3,975 in raw dollar terms, but in real purchasing power terms that gain is equivalent to $2,311 in constant 2005 dollars. That reflects a +4.0% per year real annualized return after accounting for price changes over 21 years.

Nominal final value

$3,975

+297.5% total return

Real value (2005 dollars)

$2,311

+131.1% real total return

Real annualized return

+4.0%

vs. +6.7% nominal annualized

Cumulative CPI-U inflation since 2005: 72% (1 dollar in 2005 = $1.72 in 2026)

Year-by-Year (Inflation-Adjusted)

$1,000 in Emerging Markets (VWO) since 2005, values in constant 2005 dollars

Year	Nominal Value	Real Value (2005 $)
2005	$1,000	$1,000
2006	$1,465	$1,423
2007	$1,699	$1,601
2008	$2,121	$1,924
2009	$1,010	$922
2010	$1,823	$1,622
2011	$2,255	$1,927
2012	$2,102	$1,760
2013	$2,263	$1,855
2014	$1,969	$1,591
2015	$2,145	$1,733
2016	$1,705	$1,358
2017	$2,146	$1,672
2018	$2,897	$2,189
2019	$2,494	$1,842
2020	$2,594	$1,886
2021	$3,262	$2,257
2022	$3,217	$2,038
2023	$2,846	$1,737
2024	$2,768	$1,642
2025	$3,200	$1,861
2026	$4,188	$2,435

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 2005 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.