iShares Broad USD High Yield Corporate Bond ETF (USHY) Performance
USHY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +0.3% since Dec 31, 2025
- 1 year
- +1.4% total return
- 5 years
- +3.7% a year
- Since first price
- +4.4% a year since 2017
USHY trailing returns vs AGG, TLT, SPY
| Period | USHY total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −0.8% | −1.4% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.1% | −2.9% | −0.4% | −1.0% | +3.2% |
| 6 months | −0.9% | −4.3% | −1.5% | −3.8% | +7.8% |
| YTD | +0.3% | −4.8% | −1.0% | −3.4% | +12.3% |
| 1 year | +1.4% | −5.3% | −1.1% | −6.9% | +14.4% |
| 3 years | +28.7%+8.8%/yr | +4.7% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +19.9%+3.7%/yr | −13.6% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionOct 26, 2017 | +47.6%+4.4%/yr | −29.0% | — | — | — |
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: USHY vs AGG
From Oct 26, 2017: USHY grew to $14,755, AGG to $11,414.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
USHY returns by calendar year
6 of 8 full years positive. Best 2019 (+14.2%), worst 2022 (−11.2%). 2026 is year to date.
USHY annual returns table
| Year | USHY | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +0.3% | −2.8% | −1.0% | −3.4% | +12.3% |
| 2025 | +8.8% | −4.7% | +7.2% | +4.3% | +17.7% |
| 2024 | +8.5% | −2.3% | +1.3% | −8.1% | +24.9% |
| 2023 | +12.7% | −4.6% | +5.7% | +2.8% | +26.2% |
| 2022 | −11.2% | −15.4% | −13.0% | −31.2% | −18.2% |
| 2021 | +5.0% | −2.3% | −1.8% | −4.6% | +28.7% |
| 2020 | +6.2% | −22.4% | +7.5% | +18.2% | +18.3% |
| 2019 | +14.2% | −1.8% | +8.5% | +14.1% | +31.2% |
| 2018 | −2.4% | −6.1% | +0.1% | −1.6% | −4.6% |
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.
USHY largest drawdowns
Now 2.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 14, 2020 | −22.4% | Mar 23, 2020 | Oct 12, 2020 | 38 days | 8 months |
| Dec 28, 2021 | −15.6% | Sep 27, 2022 | Dec 21, 2023 | 9 months | 2.0 years |
| Oct 1, 2018 | −6.1% | Dec 24, 2018 | Jan 31, 2019 | 3 months | 4 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
USHY risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +8.1% | +3.6% | +4.4% |
| Volatility (annualized) | 4.7% | 7.7% | 8.0% |
| Sharpe ratio | 0.77 | 0.03 | 0.27 |
| Sortino ratio | 1.37 | 0.04 | 0.37 |
| Best month | +4.7% | +6.6% | +6.6% |
| Worst month | −2.7% | −7.3% | −11.8% |
| Best 12 months | +16.3% | +16.3% | +22.7% |
| Worst 12 months | +1.3% | −14.5% | −14.5% |
| Positive months | 75% | 63% | 65% |
| Beta vs S&P 500 | 0.28 | 0.41 | — |
| Correlation with S&P 500 | 0.73 | 0.82 | — |
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.
USHY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 97 | −14.5% | +6.9% | +22.7% | 80% |
| 3-year (a year) | 73 | −1.1% | +4.9% | +11.3% | 95% |
| 5-year (a year) | 49 | +1.7% | +4.1% | +7.1% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
USHY performance overview
iShares Broad USD High Yield Corporate Bond ETF (USHY) returned +1.4% over the past year and +3.7% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +4.4% a year, turning $10,000 into about $14,755. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −22.4%, from Feb 14, 2020 to Mar 23, 2020, and it took 7 months to get back to the old high. USHY finished 6 of its 8 full calendar years with a gain; the best year was 2019 (+14.2%) and the worst 2022 (−11.2%). Volatility has been 8.0% a year.
Related: USHY chart, USHY dividends, USHY bond profile. See the USHY overview for the latest quote and fund facts.
USHY performance FAQ
What is the USHY return over the past year?
USHY returned +1.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.3%.
What is the average annual return of USHY?
USHY has returned +3.7% a year over 5 years, +4.4% a year since October 26, 2017 (total return, distributions reinvested).
How much would $10,000 invested in USHY be worth?
$10,000 invested in USHY at its first recorded close on October 26, 2017 would be worth about $14,755 on October 23, 2026 with distributions reinvested.
What was the worst year for USHY?
The worst calendar year was 2022, with a total return of −11.2%. The best was 2019 at +14.2%.
What is the biggest drawdown of USHY?
The largest peak-to-trough decline was −22.4% between February 14, 2020 and March 23, 2020. It recovered to the old high on October 12, 2020, 7 months after the bottom.
How volatile is USHY?
Over the past 3 years USHY had an annualized volatility of 4.7% and a Sharpe ratio of 0.77 (excess return over 1–3 month T-bills per unit of risk).