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XLP
Consumer Staples Select Sector SPDR FundETF · Sectors
$82.80-0.83%
as of market close, Sep 18, 2026
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Consumer Staples Select Sector SPDR Fund drawdown: 8.0% below the all-time high

Consumer Staples Select Sector SPDR Fund is 8.0% below its all-time high, set Feb 27, 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
−8.0%
92.0% of ATH
All-time high
$90.01
Feb 27, 2026
Time below the high
7 mo
since Feb 27, 2026
Worst-ever drawdown
−37.8%
Mar 10, 2003
Longest underwater
6.9 yrs
between all-time highs
Today's level first reached
Sep 3, 2024
2.0 yrs ago
Last time this deep
Jan 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.

Basis
Range
All-time high = 100%60%70%80%90%
XLP close · log20.0050.00
200020052010201520202025

The deepest drawdowns on record#

Every decline of 15% or more from an all-time high (price basis), deepest first.

PeakTroughDepthPeak → troughRecovered byUnderwater
Dec 28, 2000Mar 10, 2003−37.8%2.2 yrsNov 28, 20076.9 yrs
Dec 10, 2007Mar 9, 2009−34.2%15 moDec 16, 20103.0 yrs
Mar 18, 1999Mar 7, 2000−32.7%12 moNov 28, 20001.7 yrs
Feb 14, 2020Mar 23, 2020−24.9%38 daysAug 24, 20206 mo
Apr 20, 2022Oct 12, 2023−17.8%18 moAug 19, 20242.3 yrs
Jan 26, 2018Dec 24, 2018−17.0%11 moJun 11, 201916 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 Consumer Staples Select Sector SPDR Fund stood below its all-time high, and the total return over the following 1, 5 and 10 years.

1950–19992000–today

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 Consumer Staples Select Sector SPDR Fund from its all-time high?
Consumer Staples Select Sector SPDR Fund is currently 8.0% below its all-time high, set Feb 27, 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 Consumer Staples Select Sector SPDR Fund drawdown ever?
The deepest decline on record in our data (since 1998) took Consumer Staples Select Sector SPDR Fund 37.8% below its prior high, bottoming Mar 10, 2003. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since -1 from XLP; no free deep history exists for Consumer Staples 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.

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