iShares iBoxx $ High Yield Corporate Bond (HYG): Historical Returns

Data Source: from January 1979 to February 2024 (~45 years)
Consolidated Returns as of 29 February 2024
Live Update: Mar 01 2024
Category: Fixed Income
iShares iBoxx $ High Yield Corporate Bond (HYG) ETF
ETF • LIVE PERFORMANCE (USD currency)
0.19%
1 Day
Mar 01 2024
0.19%
Current Month
March 2024

In the last 30 Years, the iShares iBoxx $ High Yield Corporate Bond (HYG) ETF obtained a 5.37% compound annual return, with a 8.76% standard deviation.

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The ETF is related to the following investment themes:

  • Asset Class: Bond
  • Region: North America
  • Country: U.S.
  • Bond - Duration: Intermediate-Term

The iShares iBoxx $ High Yield Corporate Bond (HYG) ETF is part of the following Lazy Portfolios:

Portfolio Name Author HYG Weight Currency
High Yield Bonds Income 25.00% USD
Dynamic 40/60 Income 20.00% USD
Dynamic 60/40 Income 20.00% USD
Aggressive Global Income 20.00% USD
Gold Pivot Ptf Aim Ways 13.00% USD
Gone Fishin' Portfolio Alexander Green 10.00% USD
Gretchen Tai Portfolio Gretchen Tai 8.00% USD
Conservative Income Charles Schwab 7.00% USD
Edge Select Moderately Conservative Merrill Lynch 5.00% USD
Family Taxable Portfolio Ted Aronson 5.00% USD
Edge Select Conservative Merrill Lynch 4.00% USD
Edge Select Moderate Merrill Lynch 4.00% USD
Edge Select Moderately Aggressive Merrill Lynch 3.00% USD
Edge Select Aggressive Merrill Lynch 1.00% USD

Investment Returns as of Feb 29, 2024

The iShares iBoxx $ High Yield Corporate Bond (HYG) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
ISHARES IBOXX $ HIGH YIELD CORPORATE BOND (HYG) ETF
Consolidated returns as of 29 February 2024
Live Update: Mar 01 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Feb 29, 2024
  1 Day Time ET(*) Mar 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~45Y)
iShares iBoxx $ High Yield Corporate Bond (HYG) ETF -0.19 -0.19 0.30 5.81 10.12 2.92 3.14 5.37 7.44
US Inflation Adjusted return 0.30 4.61 7.21 -1.13 0.36 2.78 3.89
Returns over 1 year are annualized | Available data source: since Jan 1979
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Jan 2024. Pending updates, the monthly inflation is set at 0% for the subsequent periods. Current inflation (annualized) is 1Y: 2.71% , 5Y: 4.10% , 10Y: 2.77% , 30Y: 2.52%

In 2023, the iShares iBoxx $ High Yield Corporate Bond (HYG) ETF granted a 6.20% dividend yield. If you are interested in getting periodic income, please refer to the iShares iBoxx $ High Yield Corporate Bond (HYG) ETF: Dividend Yield page.

Capital Growth as of Feb 29, 2024

An investment of 1$, since March 1994, now would be worth 4.81$, with a total return of 380.90% (5.37% annualized).

The Inflation Adjusted Capital now would be 2.28$, with a net total return of 127.81% (2.78% annualized).
An investment of 1$, since January 1979, now would be worth 25.55$, with a total return of 2455.16% (7.44% annualized).

The Inflation Adjusted Capital now would be 5.60$, with a net total return of 460.23% (3.89% annualized).

Investment Metrics as of Feb 29, 2024

Metrics of iShares iBoxx $ High Yield Corporate Bond (HYG) ETF, updated as of 29 February 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
ISHARES IBOXX $ HIGH YIELD CORPORATE BOND (HYG) ETF
Advanced Metrics
Data Source: 1 January 1979 - 29 February 2024 (~45 years)
Swipe left to see all data
Metrics as of Feb 29, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~45Y)
Investment Return (%) 0.30 3.62 5.81 10.12 1.18 2.92 3.14 4.78 5.37 7.44
Infl. Adjusted Return (%) details 0.30 3.06 4.61 7.21 -4.12 -1.13 0.36 2.17 2.78 3.89
US Inflation (%) 0.00 0.54 1.14 2.71 5.52 4.10 2.77 2.56 2.52 3.42
Pending updates, the monthly inflation after Jan 2024 is set at 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -2.64 -15.25 -15.25 -15.25 -30.85 -30.85 -30.85
Start to Recovery (# months) details 3 26* 26* 26* 30 30 30
Start (yyyy mm) 2023 09 2022 01 2022 01 2022 01 2007 06 2007 06 2007 06
Start to Bottom (# months) 2 9 9 9 18 18 18
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2008 11 2008 11 2008 11
Bottom to End (# months) 1 17 17 17 12 12 12
End (yyyy mm) 2023 11 - - - 2009 11 2009 11 2009 11
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2023 09 2022 01 2022 01 2022 01 2007 06 2007 06 2007 06
Start to Bottom (# months) 2 9 9 9 18 18 18
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2008 11 2008 11 2008 11
Bottom to End (# months) 1 17 17 17 12 12 12
End (yyyy mm) 2023 11 - - - 2009 11 2009 11 2009 11
Longest negative period (# months) details 7 33 46 46 61 70 70
Period Start (yyyy mm) 2023 04 2021 03 2020 01 2020 01 2004 03 2003 05 2003 05
Period End (yyyy mm) 2023 10 2023 11 2023 10 2023 10 2009 03 2009 02 2009 02
Annualized Return (%) -1.11 -0.02 -0.28 -0.28 -1.75 -0.27 -0.27
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -3.38 -21.86 -22.26 -22.26 -32.93 -32.93 -32.93
Start to Recovery (# months) details 4 35* 38* 38* 34 34 34
Start (yyyy mm) 2023 08 2021 04 2021 01 2021 01 2007 06 2007 06 2007 06
Start to Bottom (# months) 3 18 21 21 18 18 18
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2008 11 2008 11 2008 11
Bottom to End (# months) 1 17 17 17 16 16 16
End (yyyy mm) 2023 11 - - - 2010 03 2010 03 2010 03
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest
-22.26 -10.57 -10.57
Start to Recovery (# months) details 38* 48 48
Start (yyyy mm) 2023 08 2021 04 2021 01 2021 01 2021 01 1999 05 1999 05
Start to Bottom (# months) 3 18 21 21 21 39 39
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2022 09 2002 07 2002 07
Bottom to End (# months) 1 17 17 17 17 9 9
End (yyyy mm) 2023 11 - - - - 2003 04 2003 04
Longest negative period (# months) details 8 36* 60* 116 126 146 146
Period Start (yyyy mm) 2023 03 2021 03 2019 03 2014 03 2013 05 1996 10 1996 10
Period End (yyyy mm) 2023 10 2024 02 2024 02 2023 10 2023 10 2008 11 2008 11
Annualized Return (%) -0.99 -4.12 -1.13 -0.42 -0.16 -0.12 -0.12
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 6.29 9.30 9.53 7.70 9.95 8.76 8.47
Sharpe Ratio 0.78 -0.13 0.12 0.25 0.35 0.35 0.41
Sortino Ratio 1.26 -0.18 0.15 0.34 0.49 0.49 0.57
Ulcer Index 0.92 7.03 5.83 4.57 5.65 4.81 4.30
Ratio: Return / Standard Deviation 1.61 0.13 0.31 0.41 0.48 0.61 0.88
Ratio: Return / Deepest Drawdown 3.84 0.08 0.19 0.21 0.16 0.17 0.24
% Positive Months details 75% 58% 58% 61% 65% 67% 70%
Positive Months 9 21 35 74 156 244 383
Negative Months 3 15 25 46 84 116 159
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 3.14 9.45 9.45 13.36
Worst 10 Years Return (%) - Annualized 2.65 0.80 0.80
Best 10 Years Return (%) - Annualized 0.36 7.61 7.61 9.07
Worst 10 Years Return (%) - Annualized -0.13 -1.80 -1.80
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 44.82 21.20 16.10 9.45 6.91 5.37
Worst Rolling Return (%) - Annualized -29.10 -7.69 -2.36 0.80 4.58
% Positive Periods 82% 94% 98% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 84.63 29.37 19.21 10.31 6.05 5.36
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 2.12 3.01
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 42.10 18.37 13.95 7.61 4.41 2.78
Worst Rolling Return (%) - Annualized -29.87 -9.91 -5.09 -1.80 1.95
% Positive Periods 69% 77% 86% 96% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 84.63 29.37 19.21 10.31 6.05 5.36
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 2.12 3.01
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1979 - Feb 2024)
Best Rolling Return (%) - Annualized 44.82 21.42 19.83 13.36 11.01 9.18
Worst Rolling Return (%) - Annualized -29.10 -7.69 -2.36 0.80 4.58 5.16
% Positive Periods 83% 96% 98% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 84.63 28.92 18.53 10.31 6.05 5.28
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 2.12 2.87
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 42.10 18.37 15.90 9.07 7.16 6.00
Worst Rolling Return (%) - Annualized -29.87 -9.91 -5.09 -1.80 1.95 2.57
% Positive Periods 69% 81% 91% 98% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 84.63 28.92 18.53 10.31 6.05 5.28
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 2.12 2.87
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Feb 29, 2024

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of iShares iBoxx $ High Yield Corporate Bond (HYG) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

ISHARES IBOXX $ HIGH YIELD CORPORATE BOND (HYG) ETF
Monthly correlations as of 29 February 2024
Swipe left to see all data
Correlation vs HYG
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
VTI
US Total Stock Market
0.86
0.86
0.82
0.69
0.68
SPY
US Large Cap
0.86
0.85
0.81
0.67
0.67
IJR
US Small Cap
0.74
0.81
0.75
0.66
0.65
VNQ
US REITs
0.89
0.79
0.69
0.69
0.68
QQQ
US Technology
0.70
0.76
0.71
0.52
0.51
PFF
Preferred Stocks
0.72
0.84
0.79
0.65
0.65
EFA
EAFE Stocks
0.89
0.83
0.80
0.69
0.66
VT
World All Countries
0.88
0.87
0.84
0.71
0.70
EEM
Emerging Markets
0.76
0.72
0.69
0.61
0.59
VGK
Europe
0.89
0.82
0.79
0.69
0.68
VPL
Pacific
0.86
0.81
0.76
0.58
0.54
FLLA
Latin America
0.79
0.72
0.65
0.57
0.56
BND
US Total Bond Market
0.92
0.66
0.57
0.39
0.40
TLT
Long Term Treasuries
0.94
0.29
0.21
0.06
0.07
BIL
US Cash
0.37
0.00
0.01
-0.03
-0.02
TIP
TIPS
0.87
0.71
0.63
0.39
0.40
LQD
Invest. Grade Bonds
0.96
0.81
0.74
0.63
0.64
CWB
US Convertible Bonds
0.80
0.76
0.75
0.73
0.72
BNDX
International Bonds
0.86
0.72
0.60
0.39
0.39
EMB
Emerg. Market Bonds
0.95
0.87
0.82
0.64
0.64
GLD
Gold
0.29
0.32
0.28
0.15
0.14
DBC
Commodities
0.01
0.41
0.45
0.32
0.32

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

ISHARES IBOXX $ HIGH YIELD CORPORATE BOND (HYG) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1979 - 29 February 2024 (~45 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-30.85% Jun 2007 Nov 2008 18 Nov 2009 12 30 12.67
-15.25% Jan 2022 Sep 2022 9 in progress 17 26 8.22
-11.61% Jan 2020 Mar 2020 3 Nov 2020 8 11 4.47
-9.47% Jun 2015 Jan 2016 8 Jul 2016 6 14 5.09
-8.09% Jun 2011 Sep 2011 4 Dec 2011 3 7 3.20
-6.93% May 2002 Jul 2002 3 Jan 2003 6 9 4.12
-6.46% Sep 2000 Nov 2000 3 Jan 2001 2 5 3.40
-6.03% Mar 2001 Sep 2001 7 Apr 2002 7 14 2.58
-5.97% Mar 1994 Apr 1994 2 Feb 1995 10 12 3.93
-4.68% May 2010 May 2010 1 Jul 2010 2 3 2.95
-4.41% Oct 2018 Dec 2018 3 Jan 2019 1 4 2.41
-4.22% May 2013 Jun 2013 2 Oct 2013 4 6 2.34
-3.90% Aug 1998 Oct 1998 3 Nov 1998 1 4 2.67
-3.22% May 2012 May 2012 1 Jun 2012 1 2 1.86
-3.21% Mar 2005 Apr 2005 2 Jul 2005 3 5 1.80
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 155 2.3 Months 42.94%
 
DD = 0% 42.94%
 
0% < DD <= -5% 152 2.4 Months 42.11%
 
DD <= -5% 85.04%
 
-5% < DD <= -10% 38 9.5 Months 10.53%
 
DD <= -10% 95.57%
 
-10% < DD <= -15% 7 51.6 Months 1.94%
 
DD <= -15% 97.51%
 
-15% < DD <= -20% 4 90.3 Months 1.11%
 
DD <= -20% 98.61%
 
-20% < DD <= -25% 1 361.0 Months 0.28%
 
DD <= -25% 98.89%
 
-25% < DD <= -30% 3 120.3 Months 0.83%
 
DD <= -30% 99.72%
 
-30% < DD <= -35% 1 361.0 Months 0.28%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-32.93% Jun 2007 Nov 2008 18 Mar 2010 16 34 13.86
-22.26% Jan 2021 Sep 2022 21 in progress 17 38 13.48
-11.44% Jan 2020 Mar 2020 3 Nov 2020 8 11 4.22
-10.57% May 1999 Jul 2002 39 Apr 2003 9 48 5.22
-10.11% Mar 2015 Jan 2016 11 Aug 2016 7 18 5.13
-8.98% May 2011 Sep 2011 5 Dec 2011 3 8 3.53
-6.39% Mar 1994 May 1994 3 Apr 1995 11 14 4.70
-4.74% Aug 2017 Dec 2018 17 Jan 2019 1 18 1.90
-4.63% May 2010 May 2010 1 Jul 2010 2 3 2.91
-4.49% May 2013 Jun 2013 2 Dec 2013 6 8 2.36
-4.31% Aug 1998 Oct 1998 3 Jan 1999 3 6 2.43
-3.86% Mar 2005 Apr 2005 2 Sep 2006 17 19 1.81
-3.22% Mar 2012 May 2012 3 Jun 2012 1 4 1.53
-2.81% Apr 2004 May 2004 2 Aug 2004 3 5 1.49
-2.54% Jul 2014 Jul 2014 1 Feb 2015 7 8 1.65
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 106 3.4 Months 29.36%
 
DD = 0% 29.36%
 
0% < DD <= -5% 173 2.1 Months 47.92%
 
DD <= -5% 77.29%
 
-5% < DD <= -10% 40 9.0 Months 11.08%
 
DD <= -10% 88.37%
 
-10% < DD <= -15% 15 24.1 Months 4.16%
 
DD <= -15% 92.52%
 
-15% < DD <= -20% 17 21.2 Months 4.71%
 
DD <= -20% 97.23%
 
-20% < DD <= -25% 6 60.2 Months 1.66%
 
DD <= -25% 98.89%
 
-25% < DD <= -30% 3 120.3 Months 0.83%
 
DD <= -30% 99.72%
 
-30% < DD <= -35% 1 361.0 Months 0.28%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-30.85% Jun 2007 Nov 2008 18 Nov 2009 12 30 12.67
-15.25% Jan 2022 Sep 2022 9 in progress 17 26 8.22
-12.50% Aug 1990 Oct 1990 3 Apr 1991 6 9 7.64
-11.61% Jan 2020 Mar 2020 3 Nov 2020 8 11 4.47
-9.47% Jun 2015 Jan 2016 8 Jul 2016 6 14 5.09
-9.27% Sep 1979 Mar 1980 7 May 1980 2 9 5.16
-8.32% Apr 1987 Oct 1987 7 Jan 1988 3 10 3.93
-8.09% Jun 2011 Sep 2011 4 Dec 2011 3 7 3.20
-7.74% Feb 1984 May 1984 4 Sep 1984 4 8 4.06
-7.30% Jul 1981 Sep 1981 3 Nov 1981 2 5 3.81
-7.14% Sep 1989 Feb 1990 6 Jul 1990 5 11 3.93
-6.93% May 2002 Jul 2002 3 Jan 2003 6 9 4.12
-6.83% Feb 1994 Apr 1994 3 Feb 1995 10 13 4.54
-6.46% Sep 2000 Nov 2000 3 Jan 2001 2 5 3.40
-6.03% Mar 2001 Sep 2001 7 Apr 2002 7 14 2.58
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 262 2.1 Months 48.25%
 
DD = 0% 48.25%
 
0% < DD <= -5% 205 2.6 Months 37.75%
 
DD <= -5% 86.00%
 
-5% < DD <= -10% 57 9.5 Months 10.50%
 
DD <= -10% 96.50%
 
-10% < DD <= -15% 10 54.3 Months 1.84%
 
DD <= -15% 98.34%
 
-15% < DD <= -20% 4 135.8 Months 0.74%
 
DD <= -20% 99.08%
 
-20% < DD <= -25% 1 543.0 Months 0.18%
 
DD <= -25% 99.26%
 
-25% < DD <= -30% 3 181.0 Months 0.55%
 
DD <= -30% 99.82%
 
-30% < DD <= -35% 1 543.0 Months 0.18%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-32.93% Jun 2007 Nov 2008 18 Mar 2010 16 34 13.86
-24.89% Feb 1979 Sep 1981 32 Nov 1982 14 46 13.22
-22.26% Jan 2021 Sep 2022 21 in progress 17 38 13.48
-18.11% Sep 1989 Oct 1990 14 Aug 1991 10 24 9.22
-11.44% Jan 2020 Mar 2020 3 Nov 2020 8 11 4.22
-10.57% May 1999 Jul 2002 39 Apr 2003 9 48 5.22
-10.55% Apr 1987 Oct 1987 7 Jun 1988 8 15 4.65
-10.11% Mar 2015 Jan 2016 11 Aug 2016 7 18 5.13
-8.99% Feb 1984 May 1984 4 Oct 1984 5 9 4.94
-8.98% May 2011 Sep 2011 5 Dec 2011 3 8 3.53
-7.50% Feb 1994 May 1994 4 May 1995 12 16 5.36
-4.74% Aug 2017 Dec 2018 17 Jan 2019 1 18 1.90
-4.63% May 2010 May 2010 1 Jul 2010 2 3 2.91
-4.49% May 2013 Jun 2013 2 Dec 2013 6 8 2.36
-4.31% Aug 1998 Oct 1998 3 Jan 1999 3 6 2.43
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 177 3.1 Months 32.60%
 
DD = 0% 32.60%
 
0% < DD <= -5% 224 2.4 Months 41.25%
 
DD <= -5% 73.85%
 
-5% < DD <= -10% 64 8.5 Months 11.79%
 
DD <= -10% 85.64%
 
-10% < DD <= -15% 28 19.4 Months 5.16%
 
DD <= -15% 90.79%
 
-15% < DD <= -20% 37 14.7 Months 6.81%
 
DD <= -20% 97.61%
 
-20% < DD <= -25% 9 60.3 Months 1.66%
 
DD <= -25% 99.26%
 
-25% < DD <= -30% 3 181.0 Months 0.55%
 
DD <= -30% 99.82%
 
-30% < DD <= -35% 1 543.0 Months 0.18%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 

Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

ISHARES IBOXX $ HIGH YIELD CORPORATE BOND (HYG) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1979 - 29 February 2024 (~45 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -29.10 12/2007
11/2008
0.70$ -1.10 0.98$ 6.07 1.06$ 13.30 1.13$ 44.82 12/2008
11/2009
1.44$ 10.12 17.77%
2Y -14.75 12/2006
11/2008
0.72$ 0.73 1.01$ 5.27 1.10$ 10.85 1.22$ 28.82 03/2009
02/2011
1.65$ 1.39 13.06%
3Y -7.69 12/2005
11/2008
0.78$ 1.40 1.04$ 5.46 1.17$ 9.38 1.30$ 21.20 03/2009
02/2012
1.78$ 1.18 5.54%
5Y -2.36 12/2003
11/2008
0.88$ 2.99 1.15$ 5.25 1.29$ 7.80 1.45$ 16.10 12/2008
11/2013
2.10$ 2.92 1.66%
7Y 0.42 12/2001
11/2008
1.02$ 4.15 1.32$ 5.45 1.45$ 6.60 1.56$ 11.12 12/2008
11/2015
2.09$ 3.17 0.00%
10Y 0.80 12/1998
11/2008
1.08$ 4.10 1.49$ 5.76 1.74$ 6.79 1.92$ 9.45 12/2008
11/2018
2.46$ 3.14 0.00%
15Y 3.57 03/1994
02/2009
1.69$ 5.04 2.09$ 5.65 2.27$ 6.07 2.42$ 7.26 12/2008
11/2023
2.86$ 7.21 0.00%
20Y 4.58 11/2003
10/2023
2.44$ 5.07 2.68$ 5.49 2.91$ 5.97 3.18$ 6.91 06/1994
05/2014
3.80$ 4.78 0.00%
30Y 5.37 03/1994
02/2024
4.80$ 5.37 4.80$ 5.37 4.80$ 5.37 4.80$ 5.37 03/1994
02/2024
4.80$ 5.37 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -29.87 12/2007
11/2008
0.70$ -3.89 0.96$ 3.46 1.03$ 10.90 1.10$ 42.10 12/2008
11/2009
1.42$ 7.21 30.37%
2Y -17.01 12/2006
11/2008
0.68$ -1.68 0.96$ 2.77 1.05$ 7.96 1.16$ 26.12 03/2009
02/2011
1.59$ -2.81 25.52%
3Y -9.91 12/2005
11/2008
0.73$ -1.16 0.96$ 3.24 1.10$ 7.18 1.23$ 18.37 03/2009
02/2012
1.65$ -4.12 22.77%
5Y -5.09 12/2003
11/2008
0.77$ 0.30 1.01$ 3.07 1.16$ 5.51 1.30$ 13.95 12/2008
11/2013
1.92$ -1.13 13.29%
7Y -2.17 12/2001
11/2008
0.85$ 1.80 1.13$ 3.19 1.24$ 4.63 1.37$ 9.38 12/2008
11/2015
1.87$ -0.28 6.86%
10Y -1.80 12/1998
11/2008
0.83$ 1.39 1.14$ 3.50 1.41$ 4.56 1.56$ 7.61 12/2008
11/2018
2.08$ 0.36 3.32%
15Y 1.04 03/1994
02/2009
1.16$ 2.81 1.51$ 3.34 1.63$ 3.67 1.71$ 4.66 12/2008
11/2023
1.97$ 4.55 0.00%
20Y 1.95 11/2003
10/2023
1.47$ 2.67 1.69$ 3.26 1.89$ 3.70 2.06$ 4.41 06/1994
05/2014
2.37$ 2.17 0.00%
30Y 2.78 03/1994
02/2024
2.27$ 2.78 2.27$ 2.78 2.27$ 2.78 2.27$ 2.78 03/1994
02/2024
2.27$ 2.78 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -29.10 12/2007
11/2008
0.70$ -0.67 0.99$ 7.04 1.07$ 16.34 1.16$ 44.82 12/2008
11/2009
1.44$ 10.12 16.20%
2Y -14.75 12/2006
11/2008
0.72$ 1.74 1.03$ 7.35 1.15$ 13.93 1.29$ 28.82 03/2009
02/2011
1.65$ 1.39 9.83%
3Y -7.69 12/2005
11/2008
0.78$ 2.55 1.07$ 7.15 1.23$ 14.04 1.48$ 21.42 11/1990
10/1993
1.79$ 1.18 3.55%
5Y -2.36 12/2003
11/2008
0.88$ 3.68 1.19$ 6.93 1.39$ 12.23 1.78$ 19.83 10/1981
09/1986
2.47$ 2.92 1.04%
7Y 0.42 12/2001
11/2008
1.02$ 4.64 1.37$ 6.54 1.55$ 11.20 2.10$ 16.51 10/1981
09/1988
2.91$ 3.17 0.00%
10Y 0.80 12/1998
11/2008
1.08$ 5.04 1.63$ 6.57 1.88$ 11.05 2.85$ 13.36 10/1981
09/1991
3.50$ 3.14 0.00%
15Y 3.43 12/1993
11/2008
1.65$ 5.38 2.19$ 6.38 2.52$ 10.86 4.69$ 12.86 10/1981
09/1996
6.14$ 7.21 0.00%
20Y 4.58 11/2003
10/2023
2.44$ 5.31 2.81$ 6.93 3.81$ 9.34 5.96$ 11.01 04/1980
03/2000
8.07$ 4.78 0.00%
30Y 5.16 11/1993
10/2023
4.52$ 6.49 6.58$ 7.10 7.82$ 8.68 12.15$ 9.18 11/1981
10/2011
13.93$ 5.37 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -29.87 12/2007
11/2008
0.70$ -4.53 0.95$ 3.77 1.03$ 13.54 1.13$ 42.10 12/2008
11/2009
1.42$ 7.21 30.89%
2Y -17.01 12/2006
11/2008
0.68$ -1.68 0.96$ 4.19 1.08$ 10.32 1.21$ 26.12 03/2009
02/2011
1.59$ -2.81 23.70%
3Y -9.91 12/2005
11/2008
0.73$ -0.73 0.97$ 4.27 1.13$ 10.12 1.33$ 18.37 03/2009
02/2012
1.65$ -4.12 18.74%
5Y -5.09 12/2003
11/2008
0.77$ 1.54 1.07$ 3.89 1.21$ 8.49 1.50$ 15.90 10/1981
09/1986
2.09$ -1.13 8.28%
7Y -2.17 12/2001
11/2008
0.85$ 2.23 1.16$ 4.25 1.33$ 7.61 1.67$ 12.43 10/1981
09/1988
2.27$ -0.28 4.14%
10Y -1.80 12/1998
11/2008
0.83$ 2.71 1.30$ 4.28 1.52$ 6.89 1.94$ 9.07 10/1981
09/1991
2.38$ 0.36 1.89%
15Y 0.85 12/1993
11/2008
1.13$ 3.12 1.58$ 3.97 1.79$ 6.97 2.74$ 8.96 10/1981
09/1996
3.62$ 4.55 0.00%
20Y 1.95 11/2003
10/2023
1.47$ 3.03 1.81$ 4.26 2.30$ 6.06 3.24$ 7.16 09/1981
08/2001
3.98$ 2.17 0.00%
30Y 2.57 11/1993
10/2023
2.14$ 3.72 2.99$ 4.40 3.64$ 5.44 4.89$ 6.00 11/1981
10/2011
5.73$ 2.78 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the iShares iBoxx $ High Yield Corporate Bond (HYG) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in iShares iBoxx $ High Yield Corporate Bond (HYG) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.06
40%
-0.89
20%
-1.37
60%
0.51
80%
0.29
60%
-0.28
60%
2.63
100%
-0.57
60%
-1.24
20%
0.48
40%
2.21
80%
1.52
80%
Best 3.7
2023
0.3
2024
2.0
2023
4.9
2020
3.0
2020
3.2
2019
6.7
2022
0.7
2019
0.4
2019
3.4
2022
4.9
2023
3.2
2023
Worst -2.7
2022
-2.4
2023
-10.0
2020
-4.2
2022
-1.9
2019
-7.0
2022
0.1
2021
-4.3
2022
-3.7
2022
-1.0
2023
-1.2
2021
-1.8
2022
Monthly Seasonality over the period Feb 1979 - Feb 2024
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.53
60%
0.12
50%
-0.57
40%
0.83
90%
0.43
80%
-0.06
70%
1.42
80%
0.08
70%
-0.90
40%
0.38
50%
0.67
50%
0.48
60%
Best 4.9
2019
2.2
2015
2.5
2016
4.9
2020
3.0
2020
3.2
2019
6.7
2022
2.4
2014
1.1
2016
3.4
2022
4.9
2023
3.2
2023
Worst -2.7
2022
-2.4
2023
-10.0
2020
-4.2
2022
-1.9
2019
-7.0
2022
-2.4
2014
-4.3
2022
-3.7
2022
-2.0
2018
-2.5
2015
-2.1
2018
Monthly Seasonality over the period Feb 1979 - Feb 2024
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
1.04
74%
0.48
70%
0.18
60%
1.24
78%
0.38
67%
0.49
71%
1.07
82%
0.29
69%
-0.29
58%
0.36
67%
1.00
73%
1.32
80%
Best 4.9
2019
5.3
1991
3.6
1991
13.8
2009
5.5
1980
4.7
2012
6.9
2009
8.2
1982
5.8
2009
8.5
2011
13.5
1981
16.8
2008
Worst -2.7
2022
-9.7
2009
-10.0
2020
-4.2
2022
-4.7
2010
-7.0
2022
-3.8
2002
-5.0
1990
-10.7
2008
-11.5
2008
-7.1
2008
-3.6
1981
Monthly Seasonality over the period Feb 1979 - Feb 2024

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the iShares iBoxx $ High Yield Corporate Bond (HYG) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

ISHARES IBOXX $ HIGH YIELD CORPORATE BOND (HYG) ETF
Monthly Returns Distribution
Data Source: 1 March 1994 - 29 February 2024 (30 Years)
Data Source: 1 January 1979 - 29 February 2024 (~45 years)
244 Positive Months (68%) - 116 Negative Months (32%)
383 Positive Months (71%) - 159 Negative Months (29%)
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(Scroll down to see all data)
Investment Returns, up to December 2007, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

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