SPDR S&P MidCap 400 ETF Trust drawdown: 5.3% below the all-time high
SPDR S&P MidCap 400 ETF Trust is 5.3% below its all-time high, set Aug 14, 2026 (as of market close, Sep 11, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −5.3%
- 94.7% of ATH
- All-time high
- $716.91
- Aug 14, 2026
- Time below the high
- 28 days
- since Aug 14, 2026
- Worst-ever drawdown
- −56.3%
- Mar 9, 2009
- Longest underwater
- 3.6 yrs
- between all-time highs
- Today's level first reached
- May 6, 2026
- 4 mo ago
- Last time this deep
- Apr 2, 2026
- in a previous episode
% of all-time high since 1995#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Jun 4, 2007 | Mar 9, 2009 | −56.3% | 1.8 yrs | Jan 14, 2011 | 3.6 yrs |
| Feb 20, 2020 | Mar 23, 2020 | −42.5% | 32 days | Nov 10, 2020 | 9 mo |
| Sep 7, 2000 | Oct 9, 2002 | −32.4% | 2.1 yrs | Nov 3, 2003 | 3.2 yrs |
| Apr 22, 1998 | Oct 8, 1998 | −28.1% | 6 mo | Jan 5, 1999 | 8 mo |
| Apr 29, 2011 | Oct 3, 2011 | −26.5% | 5 mo | Sep 13, 2012 | 17 mo |
| Nov 25, 2024 | Apr 8, 2025 | −24.5% | 4 mo | Dec 11, 2025 | 13 mo |
| Nov 16, 2021 | Sep 26, 2022 | −24.4% | 10 mo | Mar 1, 2024 | 2.3 yrs |
| Aug 29, 2018 | Dec 24, 2018 | −23.7% | 4 mo | Dec 18, 2019 | 16 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1995: how far SPDR S&P MidCap 400 ETF Trust stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is SPDR S&P MidCap 400 ETF Trust from its all-time high?
- SPDR S&P MidCap 400 ETF Trust is currently 5.3% below its all-time high, set Aug 14, 2026 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest SPDR S&P MidCap 400 ETF Trust drawdown ever?
- The deepest decline on record in our data (since 1995) took SPDR S&P MidCap 400 ETF Trust 56.3% below its prior high, bottoming Mar 9, 2009. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from MDY; no free deep history exists for SPDR S&P MidCap 400 ETF Trust — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.