What if you invested $1,000 in Russell 2000 (IWM) in 2015? (Inflation-Adjusted)
IWM · Index · Adjusted to 2026 dollars using BLS CPI-U data
View nominal (non-adjusted) versionNominal returns can be misleading over long periods. $1,000 in Russell 2000 (IWM) in 2015 became $2,881 by 2026. Over those 12 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 $2,073, a real annualized return of +6.5%.
Nominal final value
$2,881
+188.1% total return
Real value (2015 dollars)
$2,073
+107.3% real total return
Real annualized return
+6.5%
vs. +9.6% nominal annualized
Year-by-Year (Inflation-Adjusted)
$1,000 in Russell 2000 (IWM) since 2015, values in constant 2015 dollars
| Year | Nominal Value | Real Value (2015 $) |
|---|---|---|
| 2015 | $1,000 | $1,000 |
| 2016 | $903 | $890 |
| 2017 | $1,204 | $1,161 |
| 2018 | $1,411 | $1,320 |
| 2019 | $1,361 | $1,244 |
| 2020 | $1,486 | $1,336 |
| 2021 | $1,930 | $1,652 |
| 2022 | $1,907 | $1,495 |
| 2023 | $1,841 | $1,391 |
| 2024 | $1,882 | $1,381 |
| 2025 | $2,236 | $1,608 |
| 2026 | $2,592 | $1,865 |
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.