iShares USD Green Bond ETF (BGRN) Performance
BGRN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.7% since Dec 31, 2025
- 1 year
- −0.6% total return
- 5 years
- +0.3% a year
- Since first price
- +2.0% a year since 2018
BGRN trailing returns vs AGG, TLT, SPY
| Period | BGRN total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.5% | +0.1% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.6% | −1.7% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.2% | −3.4% | −1.5% | −3.8% | +7.8% |
| YTD | −0.7% | −3.9% | −1.0% | −3.4% | +12.3% |
| 1 year | −0.6% | −4.8% | −1.1% | −6.9% | +14.4% |
| 3 years | +17.3%+5.5%/yr | +3.5% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +1.4%+0.3%/yr | −15.7% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionNov 27, 2018 | +16.8%+2.0%/yr | −8.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BGRN vs AGG
From Nov 27, 2018: BGRN grew to $11,679, AGG to $11,566.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BGRN returns by calendar year
5 of 7 full years positive. Best 2019 (+9.7%), worst 2022 (−13.1%). 2026 is year to date.
BGRN annual returns table
| Year | BGRN | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −0.7% | −3.3% | −1.0% | −3.4% | +12.3% |
| 2025 | +7.3% | −1.9% | +7.2% | +4.3% | +17.7% |
| 2024 | +2.8% | −2.8% | +1.3% | −8.1% | +24.9% |
| 2023 | +6.5% | −5.1% | +5.7% | +2.8% | +26.2% |
| 2022 | −13.1% | −16.4% | −13.0% | −31.2% | −18.2% |
| 2021 | −2.8% | −4.1% | −1.8% | −4.6% | +28.7% |
| 2020 | +6.9% | −6.6% | +7.5% | +18.2% | +18.3% |
| 2019 | +9.7% | −2.2% | +8.5% | +14.1% | +31.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BGRN largest drawdowns
Now 2.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 11, 2020 | −19.2% | Oct 20, 2022 | Feb 13, 2026 | 1.9 years | 5.2 years |
| Mar 9, 2020 | −6.6% | Mar 18, 2020 | Jul 21, 2020 | 9 days | 4 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
BGRN risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +4.6% | −0.1% | +1.8% |
| Volatility (annualized) | 4.6% | 6.0% | 5.5% |
| Sharpe ratio | 0.05 | -0.60 | -0.12 |
| Sortino ratio | 0.08 | -0.75 | -0.16 |
| Best month | +4.0% | +4.0% | +4.0% |
| Worst month | −2.3% | −4.0% | −4.0% |
| Best 12 months | +11.4% | +11.4% | +11.4% |
| Worst 12 months | −1.1% | −16.0% | −16.0% |
| Positive months | 72% | 57% | 59% |
| Beta vs S&P 500 | 0.21 | 0.24 | — |
| Correlation with S&P 500 | 0.57 | 0.63 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BGRN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 84 | −16.0% | +3.3% | +11.4% | 73% |
| 3-year (a year) | 60 | −5.4% | −1.2% | +6.5% | 43% |
| 5-year (a year) | 36 | −0.6% | −0.1% | +1.1% | 39% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
BGRN performance overview
iShares USD Green Bond ETF (BGRN) returned −0.6% over the past year and +0.3% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +2.0% a year, turning $10,000 into about $11,679. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −19.2%, from Dec 11, 2020 to Oct 20, 2022, and it took 3.3 years to get back to the old high. BGRN finished 5 of its 7 full calendar years with a gain; the best year was 2019 (+9.7%) and the worst 2022 (−13.1%). Volatility has been 5.5% a year.
Related: BGRN chart, BGRN dividends, BGRN bond profile. See the BGRN overview for the latest quote and fund facts.
BGRN performance FAQ
What is the BGRN return over the past year?
BGRN returned −0.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.8%.
What is the average annual return of BGRN?
BGRN has returned +0.3% a year over 5 years, +2.0% a year since November 27, 2018 (total return, distributions reinvested).
How much would $10,000 invested in BGRN be worth?
$10,000 invested in BGRN at its first recorded close on November 27, 2018 would be worth about $11,679 on October 23, 2026 with distributions reinvested.
What was the worst year for BGRN?
The worst calendar year was 2022, with a total return of −13.1%. The best was 2019 at +9.7%.
What is the biggest drawdown of BGRN?
The largest peak-to-trough decline was −19.2% between December 11, 2020 and October 20, 2022. It recovered to the old high on February 13, 2026, 3.3 years after the bottom.
How volatile is BGRN?
Over the past 3 years BGRN had an annualized volatility of 4.6% and a Sharpe ratio of 0.05 (excess return over 1–3 month T-bills per unit of risk).