- CUSIP
- 46435U796
- Issuer
- iShares
- Inception Date
- Feb 24, 2015
- Category
- Intermediate Core-Plus Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- BlackRock Universal Systematic Bond Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $1B
Share Price Chart
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Performance
SYSB Performance Chart
iShares Systematic Bond ETF (SYSB) is up 0.4% since the beginning of the year. SYSB is currently trading at $88 per share. Investors who bought $1,000 worth of SYSB shares 5 years ago would now be looking at an investment worth $1,082.
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Returns By Period
iShares Systematic Bond ETF (SYSB) has returned 0.43% so far this year and 5.26% over the past 12 months. Over the last ten years, SYSB has returned 2.28% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares Systematic Bond ETF
- 1D
- -0.18%
- 1M
- 0.72%
- YTD
- 0.43%
- 6M
- 0.65%
- 1Y
- 5.26%
- 3Y*
- 6.83%
- 5Y*
- 1.58%
- 10Y*
- 2.28%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SYSB Monthly Returns History
Based on dividend-adjusted daily data since Feb 26, 2015, SYSB's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, an investment would double in approximately 27.5 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +3.8%, while the worst month was Apr 2022 at -5.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SYSB closed higher 52% of trading days. The best single day was Nov 10, 2022 with a return of +2.4%, while the worst single day was Mar 19, 2020 at -2.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.30% | 1.58% | -1.96% | 0.23% | 0.36% | -0.05% | 0.43% | ||||||
| 2025 | 0.78% | 0.83% | 0.04% | 0.41% | 0.74% | 1.27% | 0.24% | 1.38% | 1.27% | 0.40% | 0.96% | -0.28% | 8.32% |
| 2024 | 0.26% | -0.71% | 0.92% | -1.08% | 1.48% | 0.70% | 1.97% | 1.37% | 1.13% | -1.13% | 1.08% | -0.06% | 6.04% |
| 2023 | 2.81% | -2.37% | 2.30% | 0.54% | -0.68% | 0.08% | 0.65% | 0.03% | -1.32% | -0.59% | 3.81% | 2.84% | 8.22% |
| 2022 | -2.47% | -1.58% | -2.80% | -5.20% | 1.27% | -2.87% | 3.75% | -3.38% | -3.97% | 0.20% | 3.47% | -0.46% | -13.57% |
| 2021 | -0.27% | -1.49% | -0.61% | 0.75% | 0.13% | 0.50% | 0.93% | 0.01% | -0.80% | -0.13% | -0.25% | 0.23% | -1.00% |
Benchmark Metrics
iShares Systematic Bond ETF has an annualized alpha of 1.37%, beta of 0.09, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since February 26, 2015.
- This ETF participated in 22.00% of S&P 500 Index downside but only 16.65% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.09 may look defensive, but with R2 of 0.11 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 0.11 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.37%
- Beta
- 0.09
- R²
- 0.11
- Upside Capture
- 16.65%
- Downside Capture
- 22.00%
Expense Ratio
SYSB has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
SYSB ranks 37 for risk / return — below 37% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Systematic Bond ETF (SYSB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SYSB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.78 | -1.02 |
| Martin ratioReturn relative to average drawdown | 5.09 | 12.44 | -7.35 |
Dividends
Dividend History
iShares Systematic Bond ETF provided a 4.60% dividend yield over the last twelve months, with an annual payout of $4.07 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.07 | $4.29 | $4.39 | $3.83 | $2.73 | $1.92 | $2.63 | $3.33 | $3.46 | $2.75 | $2.89 | $2.20 |
Dividend yield | 4.60% | 4.78% | 5.04% | 4.44% | 3.27% | 1.92% | 2.57% | 3.27% | 3.61% | 2.74% | 2.92% | 2.26% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Systematic Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.33 | $0.34 | $0.33 | $0.35 | $0.35 | $1.69 | ||||||
| 2025 | $0.00 | $0.39 | $0.38 | $0.39 | $0.38 | $0.37 | $0.40 | $0.35 | $0.38 | $0.38 | $0.37 | $0.50 | $4.29 |
| 2024 | $0.00 | $0.34 | $0.34 | $0.36 | $0.36 | $0.36 | $0.33 | $0.38 | $0.37 | $0.38 | $0.39 | $0.78 | $4.39 |
| 2023 | $0.00 | $0.30 | $0.30 | $0.31 | $0.31 | $0.32 | $0.31 | $0.33 | $0.31 | $0.32 | $0.33 | $0.68 | $3.83 |
| 2022 | $0.00 | $0.15 | $0.16 | $0.18 | $0.20 | $0.18 | $0.23 | $0.24 | $0.26 | $0.28 | $0.28 | $0.57 | $2.73 |
| 2021 | $0.00 | $0.17 | $0.18 | $0.19 | $0.20 | $0.18 | $0.16 | $0.17 | $0.15 | $0.15 | $0.14 | $0.21 | $1.92 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Systematic 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 Systematic Bond ETF was 18.47%, occurring on Oct 20, 2022. Recovery took 630 trading sessions.
The current iShares Systematic Bond ETF drawdown is 1.42%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -18.47%Oct 2022 | 1y 1mo | 2y 6mo | 3y 7moSep 2021 - Apr 2025 |
COVID crash2020 | -11.71%Mar 2020 | 15d | 4mo 2d | 4mo 17dMar 2020 - Jul 2020 |
2016 pullback2016 | -4.39%Nov 2016 | 1mo 28d | 9mo 8d | 11mo 6dSep 2016 - Aug 2017 |
2026 pullback2026 | -2.99%May 2026 | 2mo 18d | — | 3mo 23dMar 2026 - now |
2018 pullback2018 | -2.81%May 2018 | 7mo 2d | 8mo 13d | 1y 3moOct 2017 - Jan 2019 |
Drawdown Indicators
| SYSB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.47% | -56.78% | +38.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -9.10% | +6.11% |
Max Drawdown (3Y)Largest decline over 3 years | -3.08% | -18.90% | +15.82% |
Max Drawdown (5Y)Largest decline over 5 years | -18.47% | -25.43% | +6.96% |
Max Drawdown (10Y)Largest decline over 10 years | -18.47% | -33.92% | +15.45% |
Current DrawdownCurrent decline from peak | -1.42% | -1.80% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -10.71% | +7.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 2.03% | -0.99% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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