BLACKROCK INVESTMENT INSTITUTE | January 2022

BlackRock Return Map

This chart below shows annual returns for selected asset classes ranked from best to worst within each calendar year over the last 10-years. Return rankings change dramatically from year to year - while diversification cannot eliminate the risks of investing, it illustrates why investing across a variety of asset classes could help. The chart also allows you to instantly view which asset class returns were negative and which ones positive (see the “relative to zero” tab) or which ones out- and under-performed  a given asset class (“relative to asset” tab). 

 
Display:
Highlight:
Key: Equities Bonds Private markets, commodities

Past performance is not a reliable indicator of current or future results. It is not possible to invest directly in an index. 
Sources: BlackRock Investment Institute, with data from Refinitiv Datastream, 3 January 2022.
Notes: The table shows annual index total returns (income or dividends reinvested) in U.S. dollars, 
indices are unmanaged and therefore not subject to fees. 2021 shows year to 31 December 2021. Indexes or prices used are: U.S. equities - MSCI USA Index, EM equities - MSCI Emerging Markets Index, Europe equities - MSCI Europe Index, Japan equities - MSCI Japan Index, China equities - MSCI China Index, DM gov. debt - Bloomberg Barclays Global Treasury Index, Emerging debt - JP Morgan Emerging Market Bond Index (EMBI) Global Composite, High yield - Bloomberg Barclays Global High Yield Index, IG credit - Barclays Global Corporate Credit Index, Commodities - Commodity Research Bureau (CRB) Index, Cash - Bloomberg Barclays U.S. Treasury Bill Index, REITs - S&P Global Real Estate Investment Trust (REIT) Index, Infrastructure - S&P Global Infrastructure Index. Annualised column shows the annualised total return over the last 10-years from 31 December 2021.