VanEck Semiconductor ETF drawdown: 15.0% below the all-time high
VanEck Semiconductor ETF is 15.0% below its all-time high, set Jun 22, 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
- −15.0%
- 85.0% of ATH
- All-time high
- $668.91
- Jun 22, 2026
- Time below the high
- 3 mo
- since Jun 22, 2026
- Worst-ever drawdown
- −85.9%
- Nov 20, 2008
- Longest underwater
- 17.4 yrs
- between all-time highs
- Today's level first reached
- May 11, 2026
- 4 mo ago
- Last time this deep
- May 23, 2025
- in a previous episode
% of all-time high since 2000#
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 21, 2000 | Nov 20, 2008 | −85.9% | 8.4 yrs | Nov 16, 2017 | 17.4 yrs |
| Dec 27, 2021 | Oct 14, 2022 | −45.3% | 10 mo | Jul 17, 2023 | 1.6 yrs |
| Jul 10, 2024 | Apr 8, 2025 | −36.0% | 9 mo | Jul 3, 2025 | 12 mo |
| Feb 19, 2020 | Mar 20, 2020 | −33.6% | 30 days | Jun 5, 2020 | 4 mo |
| Mar 12, 2018 | Dec 24, 2018 | −28.4% | 9 mo | Apr 12, 2019 | 13 mo |
| Jun 22, 2026 | Jul 29, 2026 | −24.6% | 37 days | not yet | 3 mo+ |
| Apr 24, 2019 | Jun 3, 2019 | −18.0% | 40 days | Jul 23, 2019 | 3 mo |
| Feb 16, 2021 | Mar 8, 2021 | −15.6% | 20 days | Apr 5, 2021 | 48 days |
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 2000: how far VanEck Semiconductor ETF 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 VanEck Semiconductor ETF from its all-time high?
- VanEck Semiconductor ETF is currently 15.0% below its all-time high, set Jun 22, 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 VanEck Semiconductor ETF drawdown ever?
- The deepest decline on record in our data (since 2000) took VanEck Semiconductor ETF 85.9% below its prior high, bottoming Nov 20, 2008. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from SMH; no free deep history exists for VanEck Semiconductor ETF — 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.