iShares Fallen Angels USD Bond ETF

10-Year Study

FALN.US · · US · ETF

Executive Summary: iShares Fallen Angels USD Bond ETF has compounded at 6.3% annually over the last 10 years, with a maximum drawdown of 17.8% and an annualized volatility of 7.6%.

1Y CAGR
+7.9%
3Y CAGR
+9.2%
5Y CAGR
+3.6%
10Y CAGR
+6.3%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
17.8%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.24
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.25
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
9.6%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2019 · +18.1%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -13.8%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20261.0-0.0-3.12.2————————0.1%
20251.30.8-0.8-1.41.72.70.11.62.2-0.30.70.18.9%
20241.2-0.21.7-1.91.5-0.42.81.81.3-1.12.1-1.27.7%
20233.8-1.81.60.0-0.62.30.90.4-2.1-0.75.93.213.5%
2022-4.0-1.9-1.0-4.91.0-6.64.9-1.9-4.51.44.1-0.6-13.8%
2021-0.2-0.00.31.10.41.80.80.7-0.30.3-1.82.25.4%
20200.8-1.6-15.811.74.31.86.90.3-1.51.35.22.914.9%
20195.81.61.32.1-1.72.81.10.50.30.00.32.718.1%
20181.7-3.40.7-0.20.3-0.11.20.80.4-2.0-2.0-2.4-5.0%
20171.91.10.41.20.3-0.31.70.41.10.5-0.30.48.7%
2016——————2.02.91.00.3-0.51.97.8%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 7.6%. The dominant macroeconomic risk driver is HYG.US, accounting for 43.8% of variance. Idiosyncratic stock-specific factors contribute 4.9%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-06-0110000
2016-07-0110195.829214329426
2016-08-0110488.02630782577
2016-09-0110589.84135950666
2016-10-0110625.550601542693
2016-11-0110573.768838138278
2016-12-0110778.87842045447
2017-01-0110984.324247987572
2017-02-0111099.858104518464
2017-03-0111147.268680103025
2017-04-0111279.14405417583
2017-05-0111314.449801951567
2017-06-0111282.64100443171
2017-07-0111475.98200415599
2017-08-0111518.550648617023
2017-09-0111647.265317650857
2017-10-0111700.257563836154
2017-11-0111668.717762489829
2017-12-0111716.531832334684
2018-01-0111917.20297778764
2018-02-0111509.741023933935
2018-03-0111595.819799463352
2018-04-0111571.677392889085
2018-05-0111608.395370575854
2018-06-0111601.670466237616
2018-07-0111735.899556828805
2018-08-0111826.215022091308
2018-09-0111875.84481610749
2018-10-0111640.20416809571
2018-11-0111406.984485645691
2018-12-0111134.424112816994
2019-01-0111783.242883369981
2019-02-0111971.741951970731
2019-03-0112132.87065991486
2019-04-0112385.07918762026
2019-05-0112168.949950237677
2019-06-0112504.538438210186
2019-07-0112644.292152232341
2019-08-0112713.553967199698
2019-09-0112756.44144535164
2019-10-0112762.666260864004
2019-11-0112804.017095911924
2019-12-0113147.120769148585
2020-01-0113253.76995740141
2020-02-0113040.489538327698
2020-03-0110976.72782535363
2020-04-0112266.338234307672
2020-05-0112798.554188583024
2020-06-0113024.164950026474
2020-07-0113928.061265113172
2020-08-0113973.721883825123
2020-09-0113760.5068811106
2020-10-0113937.767257073207
2020-11-0114669.463343981404
2020-12-0115099.945315658864
2021-01-0115070.696507060386
2021-02-0115065.549137464031
2021-03-0115111.540685993043
2021-04-0115276.908111320861
2021-05-0115334.083291923289
2021-06-0115615.537818658671
2021-07-0115743.556350912311
2021-08-0115857.768183356538
2021-09-0115814.175234664353
2021-10-0115868.41565781937
2021-11-0115578.49804994849
2021-12-0115915.001084275897
2022-01-0115272.454668201362
2022-02-0114989.604592470007
2022-03-0114837.801441620499
2022-04-0114110.293284373927
2022-05-0114248.146075958557
2022-06-0113307.129183717976
2022-07-0113956.670019530593
2022-08-0113690.70506051153
2022-09-0113079.416120064601
2022-10-0113256.944574832502
2022-11-0113801.948785991897
2022-12-0113720.500288110268
2023-01-0114244.56613363525
2023-02-0113994.249793872486
2023-03-0114214.182158803835
2023-04-0114218.703583629936
2023-05-0114135.853123383791
2023-06-0114461.919041736726
2023-07-0114589.025592982887
2023-08-0114649.489548976557
2023-09-0114346.361684571199
2023-10-0114248.122987831784
2023-11-0115087.926663000542
2023-12-0115569.101182352451
2024-01-0115757.815834541188
2024-02-0115723.45813655764
2024-03-0115993.793164905084
2024-04-0115687.589448944263
2024-05-0115918.262923519238
2024-06-0115858.31716770422
2024-07-0116307.554394362469
2024-08-0116594.526983396263
2024-09-0116812.83804875876
2024-10-0116620.610153279613
2024-11-0116975.40411470496
2024-12-0116764.80576635788
2025-01-0116990.762849702904
2025-02-0117125.16524900889
2025-03-0116990.081749963145
2025-04-0116754.825282224007
2025-05-0117045.97810487717
2025-06-0117499.255753720445
2025-07-0117514.16170489893
2025-08-0117795.552097948836
2025-09-0118189.73055562539
2025-10-0118126.543483346377
2025-11-0118246.332381079654
2025-12-0118261.101086171217
2026-01-0118441.705392494572
2026-02-0118439.28420118224
2026-03-0117873.45075016308
2026-04-0118271.56508698664
Annual Return Matrix
YearAnnual Return
20170.08698988663800877
2018-0.04968259616819537
20190.18076342664321077
20200.1485362902494083
20210.05397739869771612
2022-0.13788882479774422
20230.13473276159209147
20240.07679984669640127
20250.08925217152327325
20260.0005730213510151128
Total Factor Risk
0.07599682314098213
VTI.US Exposure
0.2885515562294984
VEA.US Exposure
0.04410321851937191
VWO.US Exposure
-0.010290435592444065
QQQ.US Exposure
-0.1415002293422917
VTV.US Exposure
-0.08590844332057443
IJR.US Exposure
-0.004557081640358309
QUAL.US Exposure
0.0727046299983498
SHV.US Exposure
0.18319658202877273
TLT.US Exposure
-0.011758636767679896
LQD.US Exposure
0.1675518913606732
HYG.US Exposure
0.4381573121986562
GLD.US Exposure
-0.0007761557619418413
USO.US Exposure
-0.00231603694503591
VNQ.US Exposure
0.04869773885646959
BTC-USD.CC Exposure
-0.005465647100106171
CPER.US Exposure
0.009343899534932202
VIX.INDX Exposure
-0.009465413064780766
UUP.US Exposure
-0.013330168385490638
TIP.US Exposure
-0.016252480208020594
Idiosyncratic Exposure
0.04931389940200022
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
7.6%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$197
Avg Yield on Cost
1.97%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$196.741.97%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.2%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.1%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
1.7% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.70
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is iShares Fallen Angels USD Bond ETF a high-risk investment?

iShares Fallen Angels USD Bond ETF (FALN.US) has an annualized volatility of 7.6% and experienced a maximum drawdown of 17.8% over the last 10 years. Its primary macro risk driver is HYG.US.

What is the 10-year return of FALN.US?

Over the past 10 years, FALN.US has generated a Compound Annual Growth Rate (CAGR) of 6.3%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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