AGG’s worst drop since 2003 was 18%
iShares Core US Aggregate Bond ETF (AGG) fell 18% from Aug 2020 to Oct 2022. It has not closed above that Aug 2020 peak since, 6.2 years later. Over the same years the S&P 500 fell as much as 55%.
That drop is milder than most. It ranks 181st of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2003 to now
How AGG held up in each crash
| Crash | Years | AGG | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | −12.8% | −55.2% |
| COVID crash | 2020 | −9.6% | −33.7% |
| 2022 rate shock | 2022 | −16.1% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how AGG behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
Open AGG in PortfolioAutopsyCheck my whole portfolioQuestions
What was AGG’s maximum drawdown?
AGG’s deepest fall since 2003 was 18.5%, from its high on August 4, 2020 to its low on October 20, 2022. The figure uses daily prices with dividends reinvested.
How long did AGG take to recover?
It has not recovered yet. As of October 13, 2026 it sits 4.5% below that Aug 2020 high.
Was AGG riskier than the S&P 500?
Over the same years, AGG’s worst drop was 18.5% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −16.7% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, September 30, 2003 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.