IEI’s worst drop since 2007 was 15%
iShares 3-7 Year Treasury Bond ETF (IEI) fell 15% from Aug 2020 to Oct 2022. It took 5.3 years from that peak to close at a new high, in Nov 2025. Over the same years the S&P 500 fell as much as 55%.
That drop is milder than most. It ranks 187th of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2007 to now
How IEI held up in each crash
| Crash | Years | IEI | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | −5.9% | −55.2% |
| COVID crash | 2020 | −1.8% | −33.7% |
| 2022 rate shock | 2022 | −11.5% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was IEI’s maximum drawdown?
IEI’s deepest fall since 2007 was 14.5%, 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 IEI take to recover?
5.3 years. IEI first closed above its Aug 2020 high again on November 25, 2025.
Was IEI riskier than the S&P 500?
Over the same years, IEI’s worst drop was 14.5% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −12.2% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, January 12, 2007 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.