Communication Services Select Sector SPDR Fund drawdown: 7.7% below the all-time high
Communication Services Select Sector SPDR Fund is 7.7% below its all-time high, set Jan 30, 2026 (as of market close, Sep 18, 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
- −7.7%
- 92.3% of ATH
- All-time high
- $120.08
- Jan 30, 2026
- Time below the high
- 8 mo
- since Jan 30, 2026
- Worst-ever drawdown
- −47.2%
- Nov 3, 2022
- Longest underwater
- 2.8 yrs
- between all-time highs
- Today's level first reached
- Aug 13, 2025
- 13 mo ago
- Last time this deep
- Nov 20, 2025
- in a previous episode
% of all-time high since 2018#
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 |
|---|---|---|---|---|---|
| Sep 1, 2021 | Nov 3, 2022 | −47.2% | 14 mo | Jun 27, 2024 | 2.8 yrs |
| Feb 19, 2020 | Mar 20, 2020 | −30.1% | 30 days | Jul 10, 2020 | 5 mo |
| Jul 25, 2018 | Dec 24, 2018 | −24.8% | 5 mo | Nov 15, 2019 | 16 mo |
| Feb 14, 2025 | Apr 8, 2025 | −18.2% | 53 days | Jun 26, 2025 | 4 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 2018: how far Communication Services Select Sector SPDR Fund 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 Communication Services Select Sector SPDR Fund from its all-time high?
- Communication Services Select Sector SPDR Fund is currently 7.7% below its all-time high, set Jan 30, 2026 (as of market close, Sep 18, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Communication Services Select Sector SPDR Fund drawdown ever?
- The deepest decline on record in our data (since 2018) took Communication Services Select Sector SPDR Fund 47.2% below its prior high, bottoming Nov 3, 2022. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from XLC; no free deep history exists for Communication Services Select Sector SPDR Fund — 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.