iShares US & Intl High Yield Corp Bond ETF (GHYG) Performance
GHYG total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −2.0% since Dec 31, 2025
- 1 year
- −0.4% total return
- 5 years
- +2.9% a year
- 10 years
- +4.0% a year
- Since first price
- +4.3% a year since 2012
GHYG trailing returns vs AGG, TLT, SPY
| Period | GHYG total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −1.5% | −2.1% | +0.9% | +1.5% | −1.0% |
| 3 months | −2.4% | −3.9% | −0.4% | −1.0% | +3.2% |
| 6 months | −2.9% | −5.8% | −1.5% | −3.8% | +7.8% |
| YTD | −2.0% | −6.4% | −1.0% | −3.4% | +12.3% |
| 1 year | −0.4% | −6.4% | −1.1% | −6.9% | +14.4% |
| 3 years | +26.9%+8.3%/yr | +5.7% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +15.3%+2.9%/yr | −13.2% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +48.3%+4.0%/yr | −12.5% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| Since inceptionApr 5, 2012 | +83.7%+4.3%/yr | −13.7% | — | — | — |
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: GHYG vs AGG
From Apr 5, 2012: GHYG grew to $18,371, AGG to $12,994.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GHYG returns by calendar year
9 of 13 full years positive. Best 2016 (+13.9%), worst 2022 (−12.2%). 2026 is year to date.
GHYG annual returns table
| Year | GHYG | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −2.0% | −4.1% | −1.0% | −3.4% | +12.3% |
| 2025 | +11.3% | −4.1% | +7.2% | +4.3% | +17.7% |
| 2024 | +5.9% | −2.7% | +1.3% | −8.1% | +24.9% |
| 2023 | +13.3% | −5.4% | +5.7% | +2.8% | +26.2% |
| 2022 | −12.2% | −19.2% | −13.0% | −31.2% | −18.2% |
| 2021 | +1.6% | −3.9% | −1.8% | −4.6% | +28.7% |
| 2020 | +6.7% | −27.4% | +7.5% | +18.2% | +18.3% |
| 2019 | +13.5% | −2.1% | +8.5% | +14.1% | +31.2% |
| 2018 | −3.8% | −7.9% | +0.1% | −1.6% | −4.6% |
| 2017 | +9.0% | −1.9% | +3.6% | +9.2% | +21.7% |
| 2016 | +13.9% | −3.7% | +2.4% | +1.2% | +12.0% |
| 2015 | −6.2% | −10.7% | +0.5% | −1.8% | +1.2% |
| 2014 | −2.4% | −8.7% | +6.0% | +27.3% | +13.5% |
| 2013 | +7.9% | −5.7% | −2.0% | −13.4% | +32.3% |
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.
GHYG largest drawdowns
Now 4.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 16, 2020 | −27.4% | Mar 23, 2020 | Aug 6, 2020 | 2 months | 7 months |
| Sep 15, 2021 | −20.4% | Sep 27, 2022 | Jun 5, 2024 | 1.0 years | 2.7 years |
| Jul 1, 2014 | −15.5% | Feb 16, 2016 | Jan 4, 2017 | 1.6 years | 2.5 years |
| Jan 26, 2018 | −7.9% | Dec 24, 2018 | Feb 27, 2019 | 11 months | 1.1 years |
| May 14, 2013 | −5.7% | Jul 5, 2013 | Oct 17, 2013 | 52 days | 5 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
GHYG risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | +7.9% | +2.9% | +4.0% | +4.2% |
| Volatility (annualized) | 5.5% | 8.8% | 8.6% | 8.0% |
| Sharpe ratio | 0.63 | -0.04 | 0.24 | 0.36 |
| Sortino ratio | 1.07 | -0.06 | 0.33 | 0.51 |
| Best month | +5.2% | +6.6% | +6.6% | +6.6% |
| Worst month | −3.6% | −7.9% | −12.3% | −12.3% |
| Best 12 months | +17.0% | +17.0% | +24.4% | +24.4% |
| Worst 12 months | −0.6% | −18.7% | −18.7% | −18.7% |
| Positive months | 64% | 55% | 61% | 60% |
| Beta vs S&P 500 | 0.27 | 0.44 | 0.44 | — |
| Correlation with S&P 500 | 0.61 | 0.78 | 0.78 | — |
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.
GHYG rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 163 | −18.7% | +6.7% | +24.4% | 74% |
| 3-year (a year) | 139 | −3.0% | +3.9% | +12.5% | 88% |
| 5-year (a year) | 115 | −0.7% | +3.5% | +7.9% | 98% |
| 10-year (a year) | 55 | +2.1% | +3.5% | +5.8% | 100% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
GHYG performance overview
iShares US & Intl High Yield Corp Bond ETF (GHYG) returned −0.4% over the past year and +4.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned +4.3% a year, turning $10,000 into about $18,371. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −27.4%, from Jan 16, 2020 to Mar 23, 2020, and it took 4 months to get back to the old high. GHYG finished 9 of its 13 full calendar years with a gain; the best year was 2016 (+13.9%) and the worst 2022 (−12.2%). Volatility has been 8.0% a year.
Related: GHYG chart, GHYG dividends, GHYG bond profile. See the GHYG overview for the latest quote and fund facts.
GHYG performance FAQ
What is the GHYG return over the past year?
GHYG returned −0.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 6.4%.
What is the average annual return of GHYG?
GHYG has returned +2.9% a year over 5 years, +4.0% a year over 10 years, +4.3% a year since April 5, 2012 (total return, distributions reinvested).
How much would $10,000 invested in GHYG be worth?
$10,000 invested in GHYG at its first recorded close on April 5, 2012 would be worth about $18,371 on October 23, 2026 with distributions reinvested.
What was the worst year for GHYG?
The worst calendar year was 2022, with a total return of −12.2%. The best was 2016 at +13.9%.
What is the biggest drawdown of GHYG?
The largest peak-to-trough decline was −27.4% between January 16, 2020 and March 23, 2020. It recovered to the old high on August 6, 2020, 4 months after the bottom.
How volatile is GHYG?
Over the past 3 years GHYG had an annualized volatility of 5.5% and a Sharpe ratio of 0.63 (excess return over 1–3 month T-bills per unit of risk).