All charts and data below are with dividends reinvested. (Inflation adjustment is OFF !)

Total Real Returns

HYG,SPY: Total Return Chart (with Dividends Reinvested)

×
Tue 2019-12-31 to Fri 2025-09-05 YTD
Return 		TR
Price
HYG × 		+6.85%
2025-09-05 		2.456 TR
2025-09-05
iShares iBoxx $ High Yield Corporate Bond ETF Exchange-Traded Fund
SPY × 		+11.10%
2025-09-05 		26.55 TR
2025-09-05
SPDR S&P 500 ETF Trust Exchange-Traded Fund

Returns

Tue 2019-12-31 to Fri 2025-09-05 Overall
Return 		Exponential
Trendline
HYG × 		+24.17%
+3.88%/yr 		+3.24%/yr
(R2=0.480)
iShares iBoxx $ High Yield Corporate Bond ETF Exchange-Traded Fund
SPY × 		+118.20%
+14.72%/yr 		+13.50%/yr
(R2=0.826)
SPDR S&P 500 ETF Trust Exchange-Traded Fund

Growth of $10,000

Tue 2019-12-31 to Fri 2025-09-05 Start
Value 		End
Value
HYG × 		$10,000.00
2019-12-31 		$12,416.95
2025-09-05
iShares iBoxx $ High Yield Corporate Bond ETF Exchange-Traded Fund
SPY × 		$10,000.00
2019-12-31 		$21,819.94
2025-09-05
SPDR S&P 500 ETF Trust Exchange-Traded Fund

Annual Returns

Year HYG SPY
2025 (YTD) +6.85% +11.10%
2024 +7.98% +24.89%
2023 +11.54% +26.18%
2022 −10.98% −18.18%
2021 +3.76% +28.73%
2020 +4.47% +18.33%
2019 +14.09% +31.22%
2018 −2.02% −4.57%
2017 +6.07% +21.71%
2016 +13.41% +12.00%
2015 −5.02% +1.23%
2014 +1.90% +13.46%
2013 +5.76% +32.31%
2012 +11.67% +15.99%
2011 +6.75% +1.90%
2010 +11.92% +15.06%
2009 +28.51% +26.35%
2008 −17.55% −36.79%
2007 +1.63% +5.15%
2006 — +15.85%
2005 — +4.83%
2004 — +10.70%
2003 — +28.18%
2002 — −21.58%
2001 — −11.76%
2000 — −9.74%
1999 — +20.39%
1998 — +28.69%
1997 — +33.48%
1996 — +22.50%
1995 — +38.06%
1994 — +0.40%
1993 — +8.71%

Drawdowns

Tue 2019-12-31 to Fri 2025-09-05 Current
Drawdown 		Worst
Drawdown
HYG × 		0.00% −22.03%
2020-03-23
iShares iBoxx $ High Yield Corporate Bond ETF Exchange-Traded Fund
SPY × 		−0.29% −33.72%
2020-03-23
SPDR S&P 500 ETF Trust Exchange-Traded Fund