What if you invested $1,000 in Japan (EWJ) in 2015? (Inflation-Adjusted)

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

Nominal returns can be misleading over long periods. $1,000 in Japan (EWJ) in 2015 became $2,259 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 $1,625, a real annualized return of +4.4%.

Nominal final value

$2,259

+125.9% total return

Real value (2015 dollars)

$1,625

+62.5% real total return

Real annualized return

+4.4%

vs. +7.5% 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 Japan (EWJ) since 2015, values in constant 2015 dollars

Year	Nominal Value	Real Value (2015 $)
2015	$1,000	$1,000
2016	$1,013	$999
2017	$1,136	$1,095
2018	$1,432	$1,339
2019	$1,254	$1,146
2020	$1,363	$1,226
2021	$1,600	$1,369
2022	$1,562	$1,225
2023	$1,447	$1,093
2024	$1,667	$1,223
2025	$1,760	$1,266
2026	$2,310	$1,662

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.