What if you invested $1,000 in Total Bond Market (BND) in 2015? (Inflation-Adjusted)

BND · Bond · Adjusted to 2026 dollars using BLS CPI-U data

Nominal returns can be misleading over long periods. $1,000 in Total Bond Market (BND) in 2015 became $1,203 by 2026. Over those 11 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 $866, a real annualized return of -1.3%.

Nominal final value

$1,203

+20.3% total return

Real value (2015 dollars)

$866

-13.4% real total return

Real annualized return

-1.3%

vs. +1.7% nominal annualized

Cumulative CPI-U inflation since 2015: 39% (1 dollar in 2015 = $1.39 in 2026)

Year-by-Year (Inflation-Adjusted)

$1,000 in Total Bond Market (BND) since 2015, values in constant 2015 dollars

Year	Nominal Value	Real Value (2015 $)
2015	$1,000	$1,000
2016	$994	$979
2017	$1,009	$972
2018	$1,034	$967
2019	$1,060	$968
2020	$1,163	$1,046
2021	$1,218	$1,043
2022	$1,181	$926
2023	$1,083	$818
2024	$1,105	$811
2025	$1,129	$812
2026	$1,204	$867

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.