What if you invested $1,000 in Semiconductors (SMH) in 2005? (Inflation-Adjusted)
SMH · Index · Adjusted to 2026 dollars using BLS CPI-U data
View nominal (non-adjusted) versionUsing BLS CPI-U data, cumulative inflation from 2005 to 2026 totals 72%. Your $1,000 in Semiconductors (SMH) grew to $28,684 in raw dollar terms, but in real purchasing power terms that gain is equivalent to $16,677 in constant 2005 dollars. That reflects a +14.2% per year real annualized return after accounting for price changes over 21 years.
Nominal final value
$28,684
+2768.4% total return
Real value (2005 dollars)
$16,677
+1567.7% real total return
Real annualized return
+14.2%
vs. +17.1% nominal annualized
Year-by-Year (Inflation-Adjusted)
$1,000 in Semiconductors (SMH) since 2005, values in constant 2005 dollars
| Year | Nominal Value | Real Value (2005 $) |
|---|---|---|
| 2005 | $1,000 | $1,000 |
| 2006 | $1,195 | $1,160 |
| 2007 | $1,084 | $1,021 |
| 2008 | $902 | $818 |
| 2009 | $542 | $495 |
| 2010 | $793 | $706 |
| 2011 | $1,103 | $942 |
| 2012 | $1,074 | $899 |
| 2013 | $1,123 | $920 |
| 2014 | $1,369 | $1,107 |
| 2015 | $1,774 | $1,434 |
| 2016 | $1,709 | $1,361 |
| 2017 | $2,579 | $2,010 |
| 2018 | $3,743 | $2,829 |
| 2019 | $3,460 | $2,555 |
| 2020 | $5,002 | $3,635 |
| 2021 | $8,296 | $5,740 |
| 2022 | $10,136 | $6,424 |
| 2023 | $8,826 | $5,388 |
| 2024 | $13,921 | $8,256 |
| 2025 | $18,328 | $10,656 |
| 2026 | $30,447 | $17,702 |
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.