What if you invested $1,000 in US Aggregate Bond (AGG) in 2003? (Inflation-Adjusted)

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

View nominal (non-adjusted) version

Nominal returns can be misleading over long periods. $1,000 in US Aggregate Bond (AGG) in 2003 became $1,979 by 2026. Over those 23 years, cumulative CPI inflation reached 83% (BLS CPI-U). Restating the return in constant purchasing power, the real value of your gain in 2003 dollars is $1,082, a real annualized return of +0.3%.

Nominal final value

$1,979

+97.9% total return

Real value (2003 dollars)

$1,082

+8.2% real total return

Real annualized return

+0.3%

vs. +3% nominal annualized

Cumulative CPI-U inflation since 2003: 83% (1 dollar in 2003 = $1.83 in 2026)

Year-by-Year (Inflation-Adjusted)

$1,000 in US Aggregate Bond (AGG) since 2003, values in constant 2003 dollars

YearNominal ValueReal Value (2003 $)
2003$1,000$1,000
2004$1,008$981
2005$1,047$984
2006$1,065$972
2007$1,106$979
2008$1,207$1,029
2009$1,248$1,070
2010$1,329$1,111
2011$1,393$1,119
2012$1,512$1,190
2013$1,548$1,193
2014$1,551$1,178
2015$1,652$1,255
2016$1,647$1,233
2017$1,669$1,222
2018$1,705$1,212
2019$1,746$1,212
2020$1,915$1,308
2021$2,002$1,302
2022$1,942$1,157
2023$1,781$1,022
2024$1,818$1,014
2025$1,855$1,013
2026$1,983$1,083

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 2003 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.