iShares USD Treasury Bond 7-10yr (IUSM.DE): Historical Returns

Data Source: from August 1953 to June 2024 (~71 years)
Consolidated Returns as of 30 June 2024
Category: Fixed Income
iShares USD Treasury Bond 7-10yr (IUSM.DE) ETF
Currency: EUR

In the last 30 Years, the iShares USD Treasury Bond 7-10yr (IUSM.DE) ETF obtained a 5.35% compound annual return, with a 10.66% standard deviation. It suffered a maximum drawdown of -20.77% that required 73 months to be recovered.

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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 USD Treasury Bond 7-10yr (IUSM.DE) ETF is part of the following Lazy Portfolios:

Portfolio Name Author IUSM.DE Weight Currency
Ulcer Free Strategy To EUR Aim Ways 28.00% EUR
In Saecula Saeculorum European ETF Fulvio Marchese 20.00% EUR
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Explore historical data since 1871 and fine-tune your investment strategy for better results.

Investment Returns as of Jun 30, 2024

The iShares USD Treasury Bond 7-10yr (IUSM.DE) ETF guaranteed the following returns.

Returns are calculated in EUR, assuming:
  • no fees or capital gain taxes.
  • the actual Euro Inflation rates.
ISHARES USD TREASURY BOND 7-10YR (IUSM.DE) ETF
Consolidated returns as of 30 June 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Jun 30, 2024
  1 Day Time ET(*) Jul 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~71Y)
iShares USD Treasury Bond 7-10yr (IUSM.DE) ETF n.a. n.a. 2.94 2.07 2.47 0.01 3.50 5.35 5.83
Euro Inflation Adjusted return 2.94 0.24 0.16 -3.54 1.14 3.22 3.07
Returns over 1 year are annualized | Available data source: since Aug 1953
(*) Eastern Time (ET - America/New York)
Euro Inflation is updated to May 2024. Pending updates, the monthly inflation is set at 0% for the subsequent periods. Current inflation (annualized) is 1Y: 2.31% , 5Y: 3.69% , 10Y: 2.33% , 30Y: 2.06%
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Capital Growth as of Jun 30, 2024

An investment of 1€, since July 1994, now would be worth 4.77€, with a total return of 377.05% (5.35% annualized).

The Inflation Adjusted Capital now would be 2.59€, with a net total return of 158.66% (3.22% annualized).

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An investment of 1€, since August 1953, now would be worth 55.51€, with a total return of 5450.83% (5.83% annualized).

The Inflation Adjusted Capital now would be 8.52€, with a net total return of 752.49% (3.07% annualized).

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Investment Metrics as of Jun 30, 2024

Metrics of iShares USD Treasury Bond 7-10yr (IUSM.DE) ETF, updated as of 30 June 2024, provide a comprehensive overview of the portfolio's performance and risk characteristics.

These metrics include detailed data on returns, volatility, drawdowns and other key performance indicators. By examining them, you can gain insights into how the portfolio has performed over various time periods and understand its risk profile.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the actual Euro Inflation rates.
ISHARES USD TREASURY BOND 7-10YR (IUSM.DE) ETF
Advanced Metrics
Data Source: 1 August 1953 - 30 June 2024 (~71 years)
Swipe left to see all data
Metrics as of Jun 30, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~71Y)
Investment Return (%) 2.94 0.95 2.07 2.47 -1.20 0.01 3.50 3.94 5.35 5.83
Infl. Adjusted Return (%)
2.94 0.15 0.24 0.16 -6.31 -3.54 1.14 1.80 3.22 3.07
Euro Inflation (%) 0.00 0.80 1.83 2.31 5.46 3.69 2.33 2.10 2.06 2.68
Pending updates, the monthly inflation of Jun 2024 and beyond 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 (%) -2.87 -14.82 -19.11 -19.11 -19.11 -20.77 -26.04
Start to Recovery (# months)
6 23* 50* 50* 50* 73 38
Start (yyyy mm) 2023 07 2022 08 2020 05 2020 05 2020 05 2002 10 1986 04
Start to Bottom (# months) 4 15 42 42 42 27 21
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2023 10 2004 12 1987 12
Bottom to End (# months) 2 8 8 8 8 46 17
End (yyyy mm) 2023 12 - - - - 2008 10 1989 05
Longest Drawdown Depth (%)
same

same

same

same

same

same
-20.77
Start to Recovery (# months)
73
Start (yyyy mm) 2023 07 2022 08 2020 05 2020 05 2020 05 2002 10 2002 10
Start to Bottom (# months) 4 15 42 42 42 27 27
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2023 10 2004 12 2004 12
Bottom to End (# months) 2 8 8 8 8 46 46
End (yyyy mm) 2023 12 - - - - 2008 10 2008 10
Longest negative period (# months)
11 36* 59 104 104 104 110
Period Start (yyyy mm) 2023 07 2021 07 2019 07 2015 04 2015 04 2015 04 1971 01
Period End (yyyy mm) 2024 05 2024 06 2024 05 2023 11 2023 11 2023 11 1980 02
Annualized Return (%) -0.49 -1.20 -0.58 -0.02 -0.02 -0.02 -0.04
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -4.75 -23.44 -31.52 -31.52 -31.52 -31.52 -41.07
Start to Recovery (# months)
5* 31* 50* 50* 50* 50* 137
Start (yyyy mm) 2024 02 2021 12 2020 05 2020 05 2020 05 2020 05 1971 04
Start to Bottom (# months) 4 23 42 42 42 42 107
Bottom (yyyy mm) 2024 05 2023 10 2023 10 2023 10 2023 10 2023 10 1980 02
Bottom to End (# months) 1 8 8 8 8 8 30
End (yyyy mm) - - - - - - 1982 08
Longest Drawdown Depth (%) -3.71
same

same

same

same
-30.51
same
Start to Recovery (# months)
7 104
Start (yyyy mm) 2023 07 2021 12 2020 05 2020 05 2020 05 2001 11 1971 04
Start to Bottom (# months) 4 23 42 42 42 80 107
Bottom (yyyy mm) 2023 10 2023 10 2023 10 2023 10 2023 10 2008 06 1980 02
Bottom to End (# months) 3 8 8 8 8 24 30
End (yyyy mm) 2024 01 - - - - 2010 06 1982 08
Longest negative period (# months)
11 36* 60* 116 145* 150 336
Period Start (yyyy mm) 2023 07 2021 07 2019 07 2014 10 2012 06 2001 11 1953 10
Period End (yyyy mm) 2024 05 2024 06 2024 06 2024 05 2024 06 2014 04 1981 09
Annualized Return (%) -2.94 -6.31 -3.54 -0.04 -0.18 -0.11 0.00
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 5.60 7.04 7.99 8.99 10.81 10.66 10.54
Sharpe Ratio -0.51 -0.59 -0.25 0.24 0.23 0.29 0.17
Sortino Ratio -0.72 -0.91 -0.39 0.37 0.37 0.44 0.27
Ulcer Index 1.61 8.99 11.64 9.45 8.96 9.32 8.30
Ratio: Return / Standard Deviation 0.44 -0.17 0.00 0.39 0.36 0.50 0.55
Ratio: Return / Deepest Drawdown 0.86 -0.08 0.00 0.18 0.21 0.26 0.22
Positive Months (%)
58.33 47.22 46.66 51.66 50.83 52.77 55.22
Positive Months 7 17 28 62 122 190 470
Negative Months 5 19 32 58 118 170 381
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 3.50 7.96 8.92 16.26
Worst 10 Years Return (%) - Annualized 2.63 1.14 0.80
Best 10 Years Return (%) - Annualized 1.14 6.41 6.83 12.74
Worst 10 Years Return (%) - Annualized 0.55 -0.97 -4.03
TIMEFRAMES
Inflation Adjusted:
Inflation Adjusted:
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
··· Over the latest 30Y
Best Rolling Return (%) - Annualized 39.54 18.54 17.14 8.92 8.09 5.35
Worst Rolling Return (%) - Annualized -14.63 -6.88 -3.64 1.14 3.29
Positive Periods (%) 61.3 74.7 89.7 100.0 100.0 100.0
Best Rolling Return (%) - Annualized 39.65 16.55 15.22 6.83 6.16 3.22
Worst Rolling Return (%) - Annualized -18.10 -10.22 -5.66 -0.97 1.24
Positive Periods (%) 55.0 66.4 76.4 97.0 100.0 100.0
95% VaR - Value at Risk (%) - Cumulative
4.58 7.32 9.51 10.46 12.76 9.99 0.00 0.00
95% CVaR - Conditional Value at Risk (%) 5.86 9.53 12.63 12.63 16.01 13.04 0.00 0.00
99% VaR - Value at Risk (%) - Cumulative
6.68 10.95 14.64 13.78 18.96 14.74 0.00 0.00
99% CVaR - Conditional Value at Risk (%) 8.01 13.26 17.91 14.44 20.75 18.35 0.00 0.00
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 88.85 28.17 16.54 8.39 5.00 6.62
Perpetual Withdrawal Rate (%) --- --- --- --- 1.18 4.06
% based on initial capital, inflation-adj. monthly withdrawals afterwards | Credits: BestRetirementPortfolio.com
··· All available data (Aug 1953 - Jun 2024)
Best Rolling Return (%) - Annualized 67.52 36.76 32.67 16.26 13.74 10.10
Worst Rolling Return (%) - Annualized -20.31 -7.91 -3.64 0.80 2.14 4.60
Positive Periods (%) 66.5 81.8 95.3 100.0 100.0 100.0
Best Rolling Return (%) - Annualized 59.79 32.82 27.43 12.74 10.88 7.53
Worst Rolling Return (%) - Annualized -24.43 -11.33 -6.51 -4.03 -1.56 1.77
Positive Periods (%) 55.7 67.6 72.9 84.5 87.5 100.0
95% VaR - Value at Risk (%) - Cumulative
4.49 7.11 9.15 11.37 10.44 0.00 0.00 0.00 0.00
95% CVaR - Conditional Value at Risk (%) 5.75 9.30 12.24 14.34 14.89 8.09 0.00 0.00 0.00
99% VaR - Value at Risk (%) - Cumulative
6.56 10.70 14.23 15.99 18.24 12.08 0.00 0.00 0.00
99% CVaR - Conditional Value at Risk (%) 7.88 12.99 17.46 18.72 20.35 14.92 0.00 0.00 0.00
Short term VaRs: analytical | 1+ year VaRs: historical data
Safe Withdrawal Rate (%) 86.27 27.85 15.78 7.71 4.66 3.43
Perpetual Withdrawal Rate (%) --- --- --- --- --- 1.42
% based on initial capital, inflation-adj. monthly withdrawals afterwards | 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.
  • Value at Risk (VaR): it's an evaluation of a cumulative worst-case loss (in absolute value), associated with a probability (95%-99%) and a time horizon. For short term, it's calculated based on the expected return and standard deviation, assuming a normal distribution of monthly returns. For long term is retrieved by the historical rolling return data.
  • Conditional Value at Risk (CVaR): it represents the average expected loss if that worst-case threshold (95%-99%) is ever crossed.
  • 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.
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Correlations as of Jun 30, 2024

Correlation measures to what degree the returns of two assets move in relation to each other. It is a statistical measure that describes the extent to which the returns of one asset are related to the returns of another asset.

The following table shows the monthly correlations of iShares USD Treasury Bond 7-10yr (IUSM.DE) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

ISHARES USD TREASURY BOND 7-10YR (IUSM.DE) ETF
Monthly correlations as of 30 June 2024
Swipe left to see all data
Correlation vs IUSM.DE
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1994
SXR8.DE
US Large Cap Blend
0.67
0.09
0.16
0.20
0.22
ZPRR.DE
US Small Cap Blend
0.42
-0.08
0.05
0.07
0.08
IQQ7.DE
US REITs
0.60
0.13
0.37
0.20
0.21
NQSE.DE
US Technology
0.57
0.04
-0.10
-0.17
-0.16
EUNL.DE
Developed Countries
0.62
0.03
0.10
0.05
0.07
SXRT.DE
Euro Large Cap Blend
0.19
-0.22
-0.10
-0.19
-0.18
IUSQ.DE
World All Countries
0.58
0.00
0.09
0.06
0.07
IS3N.DE
Emerging Markets
0.15
-0.22
-0.08
-0.08
-0.05
CEBW.DE
US Total Bond Market EUR Hdg
0.62
0.35
0.37
0.34
0.36
IUSV.DE
US Long Term Treasuries EUR Hdg
0.63
0.53
0.54
0.50
0.50
PR1H.DE
US Ultrashort Gov.Bonds EUR Hdg
0.07
0.02
-0.01
0.08
0.04
UEEF.DE
US High Yield Bonds EUR Hdg
0.54
-0.07
-0.10
-0.25
-0.23
EUNU.DE
Global Aggregate Bond EUR Hdg
0.89
0.84
0.90
0.91
0.91
SPF1.DE
Global Convertible Bonds EUR Hdg
0.47
-0.23
-0.21
-0.26
-0.24
IS3C.DE
Emerg. Market Bonds EUR Hdg
0.37
-0.12
-0.07
-0.06
-0.04
SYBA.DE
Euro Total Bond Market
0.54
0.44
0.44
0.39
0.41
IBCL.DE
Euro Long Term Gov. Bonds
0.51
0.47
0.50
0.41
0.41
EUN6.DE
Euro Ultrashort Gov. Bonds
0.33
0.04
0.04
0.13
0.13
XHYG.DE
Euro High Yield Bonds
0.32
-0.10
-0.09
-0.19
-0.17
IBCI.DE
Euro Inflation Linked Bonds
0.25
0.20
0.22
0.10
0.11
PHAU
Gold
-0.26
0.22
0.40
0.32
0.32
UIQK.DE
Commodities
-0.36
-0.42
-0.27
0.00
0.00
Terms and Definitions
Correlation values range between -1 and +1
  • A correlation of +1 indicates that the returns of the two assets move in perfect synchrony; when one asset's returns go up, the other asset's returns also go up by the same percentage, and vice versa. This perfect positive correlation implies that the assets perform similarly in different market conditions.
  • A correlation of -1 indicates a perfect inverse relationship between the returns of the two assets. When one asset's returns go up, the other asset's returns go down by the same percentage. This perfect negative correlation suggests that the assets move in opposite directions, providing a diversification benefit by reducing overall portfolio risk.
  • A correlation of 0 means that there is no linear relationship between the returns of the two assets. The returns of one asset do not predict the returns of the other.
Learn about historical correlations here: see how the main asset classes relate 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 USD TREASURY BOND 7-10YR (IUSM.DE) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 July 1994 - 30 June 2024 (30 Years)
Data Source: 1 August 1953 - 30 June 2024 (~71 years)
Inflation Adjusted:

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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 USD TREASURY BOND 7-10YR (IUSM.DE) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 July 1994 - 30 June 2024 (30 Years)
Data Source: 1 August 1953 - 30 June 2024 (~71 years)
Inflation Adjusted:

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If you need a deeper detail about rolling returns, please refer to the iShares USD Treasury Bond 7-10yr (IUSM.DE) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in iShares USD Treasury Bond 7-10yr (IUSM.DE) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

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For further information about the seasonality, check the Asset Class Seasonality page.

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the iShares USD Treasury Bond 7-10yr (IUSM.DE) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

ISHARES USD TREASURY BOND 7-10YR (IUSM.DE) ETF
Monthly Returns Distribution
Data Source: 1 July 1994 - 30 June 2024 (30 Years)
Data Source: 1 August 1953 - 30 June 2024 (~71 years)
190 Positive Months (53%) - 170 Negative Months (47%)
470 Positive Months (55%) - 381 Negative Months (45%)

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Investment Returns, up to February 2009, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

The first official book of
Build wealth
with Lazy Portfolios and Passive Investing