What if you invested $1,000 in Moderna in 2023? (Inflation-Adjusted)
MRNA · Healthcare · Adjusted to 2026 dollars using BLS CPI-U data
View nominal (non-adjusted) versionNominal returns can be misleading over long periods. $1,000 in Moderna in 2023 became $288 by 2026. Over those 3 years, cumulative CPI inflation reached 5% (BLS CPI-U). Restating the return in constant purchasing power, the real value of your gain in 2023 dollars is $274, a real annualized return of -33.3%.
Nominal final value
$288
-71.2% total return
Real value (2023 dollars)
$274
-72.6% real total return
Real annualized return
-33.3%
vs. -31.8% nominal annualized
Year-by-Year (Inflation-Adjusted)
$1,000 in Moderna since 2023, values in constant 2023 dollars
| Year | Nominal Value | Real Value (2023 $) |
|---|---|---|
| 2023 | $1,000 | $1,000 |
| 2024 | $574 | $558 |
| 2025 | $224 | $213 |
| 2026 | $250 | $238 |
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 2023 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.