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HYG
iShares iBoxx $ High Yield Corporate Bond ETFETF · Bonds
$78.68+0.19%
as of market close, Sep 21, 2026
☾ AH
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iShares iBoxx $ High Yield Corporate Bond ETF drawdown: 25.8% below the all-time high

IShares iBoxx $ High Yield Corporate Bond ETF is 25.8% below its all-time high, set Sep 19, 2007 (as of market close, Sep 21, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.

Below all-time high
−25.8%
74.2% of ATH
All-time high
$106.09
Sep 19, 2007
Time below the high
19.0 yrs
since Sep 19, 2007
Worst-ever drawdown
−41.9%
Mar 9, 2009
Longest underwater
19.0 yrs
between all-time highs
Today's level first reached
Apr 11, 2007
19.4 yrs ago
Last time this deep
never before
no prior −25.8% episode

% of all-time high since 2007#

The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.

Basis
Range
All-time high = 100%60%70%80%90%
HYG close · log100
2010201520202025

The deepest drawdowns on record#

Every decline of 15% or more from an all-time high (price basis), deepest first.

PeakTroughDepthPeak → troughRecovered byUnderwater
Sep 19, 2007Mar 9, 2009−41.9%18 monot yet19.0 yrs+

Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.

Drawdown vs what came next#

One dot per month since 2007: how far iShares iBoxx $ High Yield Corporate Bond ETF stood below its all-time high, and the total return over the following 1, 5 and 10 years.

1950–19992000–today

Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.

FAQ#

How far is iShares iBoxx $ High Yield Corporate Bond ETF from its all-time high?
iShares iBoxx $ High Yield Corporate Bond ETF is currently 25.8% below its all-time high, set Sep 19, 2007 (as of market close, Sep 21, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
What was the biggest iShares iBoxx $ High Yield Corporate Bond ETF drawdown ever?
The deepest decline on record in our data (since 2007) took iShares iBoxx $ High Yield Corporate Bond ETF 41.9% below its prior high, bottoming Mar 9, 2009. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since -1 from HYG; no free deep history exists for iShares iBoxx $ High Yield Corporate Bond ETF — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.

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