Industrial Select Sector SPDR Fund drawdown: 7.6% below the all-time high
Industrial Select Sector SPDR Fund is 7.6% 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
- −7.6%
- 92.4% of ATH
- All-time high
- $186.51
- Aug 14, 2026
- Time below the high
- 28 days
- since Aug 14, 2026
- Worst-ever drawdown
- −63.3%
- Mar 9, 2009
- Longest underwater
- 5.4 yrs
- between all-time highs
- Today's level first reached
- Feb 6, 2026
- 7 mo ago
- Last time this deep
- Apr 7, 2026
- in a previous episode
% 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 |
|---|---|---|---|---|---|
| Oct 9, 2007 | Mar 9, 2009 | −63.3% | 17 mo | Mar 11, 2013 | 5.4 yrs |
| Dec 11, 2000 | Oct 9, 2002 | −44.8% | 1.8 yrs | Feb 22, 2006 | 5.2 yrs |
| Feb 12, 2020 | Mar 23, 2020 | −42.8% | 40 days | Nov 10, 2020 | 9 mo |
| Jan 26, 2018 | Dec 24, 2018 | −25.2% | 11 mo | Nov 4, 2019 | 1.8 yrs |
| Nov 16, 2021 | Sep 30, 2022 | −22.7% | 10 mo | Jun 30, 2023 | 1.6 yrs |
| Nov 29, 2024 | Apr 8, 2025 | −19.1% | 4 mo | May 19, 2025 | 6 mo |
| Feb 20, 2015 | Jan 20, 2016 | −17.5% | 11 mo | Jul 13, 2016 | 17 mo |
| Aug 25, 1999 | Mar 7, 2000 | −16.4% | 6 mo | Apr 25, 2000 | 8 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 Industrial 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 Industrial Select Sector SPDR Fund from its all-time high?
- Industrial Select Sector SPDR Fund is currently 7.6% 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 Industrial Select Sector SPDR Fund drawdown ever?
- The deepest decline on record in our data (since 1998) took Industrial Select Sector SPDR Fund 63.3% 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 XLI; no free deep history exists for Industrial 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.