iShares 7-10 Year Treasury Bond ETF (IEF) Performance
IEF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −2.4% since Dec 31, 2025
- 1 year
- −2.8% total return
- 5 years
- −1.4% a year
- 10 years
- +0.4% a year
- Since first price
- +3.3% a year since 2002
IEF trailing returns vs AGG, TLT, SPY
| Period | IEF total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.3% | +1.0% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.9% | −1.9% | −0.4% | −1.0% | +3.2% |
| 6 months | −2.6% | −4.5% | −1.5% | −3.8% | +7.8% |
| YTD | −2.4% | −5.3% | −1.0% | −3.4% | +12.3% |
| 1 year | −2.8% | −6.5% | −1.1% | −6.9% | +14.4% |
| 3 years | +13.2%+4.2%/yr | +1.3% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −6.8%−1.4%/yr | −20.1% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +4.2%+0.4%/yr | −17.8% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | +23.3%+1.4%/yr | −11.3% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| 20 years | +86.5%+3.2%/yr | +11.2% | +79.6%+3.0%/yr | +75.9%+2.9%/yr | +696.9%+10.9%/yr |
| Since inceptionJul 26, 2002 | +118.0%+3.3%/yr | +10.0% | — | — | — |
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: IEF vs AGG
From Sep 26, 2003: IEF grew to $20,020, AGG to $19,588.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IEF returns by calendar year
18 of 23 full years positive. Best 2008 (+17.9%), worst 2022 (−15.2%). 2026 is year to date.
IEF annual returns table
| Year | IEF | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −2.4% | −6.8% | −1.0% | −3.4% | +12.3% |
| 2025 | +8.0% | −3.2% | +7.2% | +4.3% | +17.7% |
| 2024 | −0.6% | −6.0% | +1.3% | −8.1% | +24.9% |
| 2023 | +3.6% | −10.2% | +5.7% | +2.8% | +26.2% |
| 2022 | −15.2% | −17.4% | −13.0% | −31.2% | −18.2% |
| 2021 | −3.3% | −5.8% | −1.8% | −4.6% | +28.7% |
| 2020 | +10.0% | −4.7% | +7.5% | +18.2% | +18.3% |
| 2019 | +8.0% | −3.3% | +8.5% | +14.1% | +31.2% |
| 2018 | +1.0% | −4.1% | +0.1% | −1.6% | −4.6% |
| 2017 | +2.6% | −2.9% | +3.6% | +9.2% | +21.7% |
| 2016 | +1.0% | −8.4% | +2.4% | +1.2% | +12.0% |
| 2015 | +1.5% | −5.4% | +0.5% | −1.8% | +1.2% |
| 2014 | +9.1% | −2.1% | +6.0% | +27.3% | +13.5% |
| 2013 | −6.1% | −9.1% | −2.0% | −13.4% | +32.3% |
| 2012 | +3.7% | −3.9% | +3.8% | +2.6% | +16.0% |
| 2011 | +15.7% | −4.4% | +7.7% | +34.0% | +1.9% |
| 2010 | +9.4% | −7.2% | +6.4% | +9.0% | +15.1% |
| 2009 | −6.6% | −9.7% | +3.0% | −21.8% | +26.4% |
| 2008 | +17.9% | −6.2% | +7.9% | +33.9% | −36.8% |
| 2007 | +10.4% | −3.9% | +6.6% | +10.3% | +5.1% |
| 2006 | +2.5% | −4.0% | +3.9% | +0.7% | +15.8% |
| 2005 | +2.6% | −4.0% | +2.3% | +8.6% | +4.8% |
| 2004 | +4.1% | −7.2% | +3.8% | +8.7% | +10.7% |
| 2003 | +2.1% | −8.5% | — | +1.6% | +28.2% |
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.
IEF largest drawdowns
Now 12.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 4, 2020 | −23.9% | Oct 19, 2023 | not yet | 3.2 years | 6.2 years so far |
| Dec 30, 2008 | −10.4% | Jun 10, 2009 | Jun 28, 2010 | 5 months | 1.5 years |
| May 2, 2013 | −9.1% | Sep 5, 2013 | Oct 14, 2014 | 4 months | 1.5 years |
| Jul 8, 2016 | −8.8% | May 17, 2018 | May 28, 2019 | 1.9 years | 2.9 years |
| Jun 13, 2003 | −8.5% | Sep 2, 2003 | Mar 16, 2004 | 3 months | 9 months |
| Oct 11, 2010 | −8.0% | Feb 8, 2011 | Jul 19, 2011 | 4 months | 9 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
IEF risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2002 |
|---|---|---|---|---|
| Annualized return | +2.9% | −2.1% | +0.1% | +3.2% |
| Volatility (annualized) | 6.7% | 7.7% | 6.6% | 6.7% |
| Sharpe ratio | -0.20 | -0.71 | -0.30 | — |
| Sortino ratio | -0.26 | -0.86 | -0.39 | — |
| Best month | +4.6% | +4.6% | +4.6% | +7.8% |
| Worst month | −3.4% | −4.7% | −4.7% | −5.5% |
| Best 12 months | +10.8% | +10.8% | +17.1% | +17.9% |
| Worst 12 months | −3.7% | −16.4% | −16.4% | −16.4% |
| Positive months | 61% | 48% | 52% | 54% |
| Beta vs S&P 500 | 0.22 | 0.26 | 0.08 | — |
| Correlation with S&P 500 | 0.41 | 0.53 | 0.18 | — |
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.
IEF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 280 | −16.4% | +3.9% | +17.9% | 70% |
| 3-year (a year) | 256 | −7.8% | +3.5% | +10.4% | 84% |
| 5-year (a year) | 232 | −2.8% | +3.7% | +9.6% | 84% |
| 10-year (a year) | 172 | +0.1% | +4.1% | +6.7% | 100% |
Every holding period starting at a month-end since 2002. Returns for 3 years and longer are annualized.
IEF performance overview
iShares 7-10 Year Treasury Bond ETF (IEF) returned −2.8% over the past year and +0.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2002 it has returned +3.3% a year, turning $10,000 into about $21,798. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −23.9%, from Aug 4, 2020 to Oct 19, 2023; the fund has not yet regained that high. IEF finished 18 of its 23 full calendar years with a gain; the best year was 2008 (+17.9%) and the worst 2022 (−15.2%). Volatility has been 6.7% a year.
Related: IEF chart, IEF holdings, IEF dividends, IEF bond profile. See the IEF overview for the latest quote and fund facts.
IEF performance FAQ
What is the IEF return over the past year?
IEF returned −2.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 6.5%.
What is the average annual return of IEF?
IEF has returned −1.4% a year over 5 years, +0.4% a year over 10 years, +3.3% a year since July 26, 2002 (total return, distributions reinvested).
How much would $10,000 invested in IEF be worth?
$10,000 invested in IEF at its first recorded close on July 26, 2002 would be worth about $21,798 on October 23, 2026 with distributions reinvested.
What was the worst year for IEF?
The worst calendar year was 2022, with a total return of −15.2%. The best was 2008 at +17.9%.
What is the biggest drawdown of IEF?
The largest peak-to-trough decline was −23.9% between August 4, 2020 and October 19, 2023. It has not yet recovered to that high; it is 12.9% below its peak.
How volatile is IEF?
Over the past 3 years IEF had an annualized volatility of 6.7% and a Sharpe ratio of -0.20 (excess return over 1–3 month T-bills per unit of risk).