What if you invested $1,000 in Semiconductors (SMH) in 2010? (Inflation-Adjusted)
SMH · Index · Adjusted to 2026 dollars using BLS CPI-U data
View nominal (non-adjusted) versionSemiconductors (SMH) turned $1,000 into $36,156 between 2010 and today. Impressive on paper, but inflation over that span came to 53% (BLS CPI-U). Adjusted for that erosion in purchasing power, your real gain in constant 2010 dollars is $23,632, which works out to a +21.6% annualized real growth rate over 16 years.
Nominal final value
$36,156
+3515.6% total return
Real value (2010 dollars)
$23,632
+2263.2% real total return
Real annualized return
+21.6%
vs. +24.7% nominal annualized
Year-by-Year (Inflation-Adjusted)
$1,000 in Semiconductors (SMH) since 2010, values in constant 2010 dollars
| Year | Nominal Value | Real Value (2010 $) |
|---|---|---|
| 2010 | $1,000 | $1,000 |
| 2011 | $1,390 | $1,335 |
| 2012 | $1,354 | $1,274 |
| 2013 | $1,415 | $1,304 |
| 2014 | $1,726 | $1,568 |
| 2015 | $2,236 | $2,032 |
| 2016 | $2,154 | $1,929 |
| 2017 | $3,251 | $2,848 |
| 2018 | $4,718 | $4,009 |
| 2019 | $4,361 | $3,620 |
| 2020 | $6,305 | $5,151 |
| 2021 | $10,457 | $8,134 |
| 2022 | $12,777 | $9,103 |
| 2023 | $11,125 | $7,635 |
| 2024 | $17,548 | $11,699 |
| 2025 | $23,102 | $15,099 |
| 2026 | $38,378 | $25,084 |
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 2010 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.