Energy Select Sector SPDR Fund drawdown: at its all-time high
Energy Select Sector SPDR Fund is trading at its all-time high (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
- at the high
- 99.7% of ATH
- All-time high
- $65.31
- Sep 9, 2026
- Time below the high
- 0 days
- since Sep 9, 2026
- Worst-ever drawdown
- −76.7%
- Mar 23, 2020
- Longest underwater
- 11.6 yrs
- between all-time highs
- Today's level first reached
- Sep 9, 2026
- 2 days ago
% of all-time high since 1998#
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 23, 2014 | Mar 23, 2020 | −76.7% | 5.7 yrs | Jan 30, 2026 | 11.6 yrs |
| May 20, 2008 | Mar 2, 2009 | −57.8% | 9 mo | Apr 3, 2014 | 5.9 yrs |
| May 18, 2001 | Jul 23, 2002 | −42.9% | 14 mo | Sep 21, 2004 | 3.3 yrs |
| Sep 9, 1999 | Feb 25, 2000 | −17.6% | 6 mo | May 8, 2000 | 8 mo |
| Dec 26, 2007 | Jan 22, 2008 | −16.9% | 27 days | Apr 16, 2008 | 4 mo |
| Sep 29, 2005 | Oct 20, 2005 | −16.5% | 21 days | Jan 17, 2006 | 4 mo |
| Apr 21, 2006 | Jun 13, 2006 | −16.0% | 53 days | Nov 29, 2006 | 7 mo |
| Mar 27, 2026 | Jul 1, 2026 | −15.6% | 3 mo | Aug 17, 2026 | 5 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 1998: how far Energy 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 Energy Select Sector SPDR Fund from its all-time high?
- Energy Select Sector SPDR Fund is currently at (or within half a percent of) its all-time high, set Sep 9, 2026.
- What was the biggest Energy Select Sector SPDR Fund drawdown ever?
- The deepest decline on record in our data (since 1998) took Energy Select Sector SPDR Fund 76.7% below its prior high, bottoming Mar 23, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from XLE; no free deep history exists for Energy 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.