iShares Fallen Angels USD Bond ETF (FALN)

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The chart shows the growth of an initial investment of $10,000 in iShares Fallen Angels USD Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

iShares Fallen Angels USD Bond ETF (FALN) has returned -1.06% so far this year and 6.34% over the past 12 months.

Based on dividend-adjusted daily data since Jun 17, 2016, FALN's average daily return is +0.03%, while the average monthly return is +0.56%. At this rate, your investment would double in approximately 10.3 years.

Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +11.8%, while the worst month was Mar 2020 at -15.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FALN closed higher 53% of trading days. The best single day was Apr 9, 2020 with a return of +6.0%, while the worst single day was Mar 18, 2020 at -7.7%.

iShares Fallen Angels USD Bond ETF has an annualized alpha of 2.03%, beta of 0.35, and R² of 0.49 versus S&P 500 Index. Calculated based on daily prices since June 20, 2016.

• This ETF participated in 46.38% of S&P 500 Index downside but only 41.09% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.35 may look defensive, but with R² of 0.49 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.49 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

FALN has an expense ratio of 0.25%, which is considered low.

FALN ranks 48 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for iShares Fallen Angels USD Bond ETF (FALN) and compare them to a chosen benchmark (S&P 500 Index).

iShares Fallen Angels USD Bond ETF provided a 6.51% dividend yield over the last twelve months, with an annual payout of $1.74 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for iShares Fallen Angels USD Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the iShares Fallen Angels USD Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the iShares Fallen Angels USD Bond ETF was 29.22%, occurring on Mar 20, 2020. Recovery took 82 trading sessions.

The current iShares Fallen Angels USD Bond ETF drawdown is 2.83%.

The chart below shows the rolling one-month volatility.