What if you invested $1,000 in Semiconductors (SMH) in 2020? (Inflation-Adjusted)
SMH · Index · Adjusted to 2026 dollars using BLS CPI-U data
View nominal (non-adjusted) versionA $1,000 investment in Semiconductors (SMH) in 2020 grew to $5,735 in nominal terms. But 2020 dollars had 25% more purchasing power than today. After adjusting for cumulative inflation using BLS CPI-U data, the real value of that growth works out to $4,588 in constant 2020 dollars, equivalent to a +27.9% real annualized return.
Nominal final value
$5,735
+473.5% total return
Real value (2020 dollars)
$4,588
+358.8% real total return
Real annualized return
+27.9%
vs. +32.2% nominal annualized
Year-by-Year (Inflation-Adjusted)
$1,000 in Semiconductors (SMH) since 2020, values in constant 2020 dollars
| Year | Nominal Value | Real Value (2020 $) |
|---|---|---|
| 2020 | $1,000 | $1,000 |
| 2021 | $1,659 | $1,579 |
| 2022 | $2,027 | $1,767 |
| 2023 | $1,765 | $1,482 |
| 2024 | $2,783 | $2,271 |
| 2025 | $3,664 | $2,931 |
| 2026 | $6,087 | $4,870 |
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 2020 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.