USHY’s worst drop since 2017 was 22%
iShares Broad USD High Yield Corporate Bond ETF (USHY) fell 22% from Feb 2020 to Mar 2020. It took 0.7 years from that peak to close at a new high, in Oct 2020. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 172nd of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2017 to now
How USHY held up in each crash
| Crash | Years | USHY | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −22.4% | −33.7% |
| 2022 rate shock | 2022 | −15.4% | −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 USHY’s maximum drawdown?
USHY’s deepest fall since 2017 was 22.4%, from its high on February 14, 2020 to its low on March 23, 2020. The figure uses daily prices with dividends reinvested.
How long did USHY take to recover?
0.7 years. USHY first closed above its Feb 2020 high again on October 12, 2020.
Was USHY riskier than the S&P 500?
Over the same years, USHY’s worst drop was 22.4% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −15.7% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, October 27, 2017 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.