Utilities Select Sector SPDR Fund drawdown: 11.2% below the all-time high
Utilities Select Sector SPDR Fund is 11.2% below its all-time high, set Feb 27, 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
- −11.2%
- 88.8% of ATH
- All-time high
- $47.73
- Feb 27, 2026
- Time below the high
- 6 mo
- since Feb 27, 2026
- Worst-ever drawdown
- −55.7%
- Oct 9, 2002
- Longest underwater
- 6.9 yrs
- between all-time highs
- Today's level first reached
- Jul 22, 2025
- 14 mo ago
- Last time this deep
- Apr 8, 2025
- 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 |
|---|---|---|---|---|---|
| Dec 13, 2000 | Oct 9, 2002 | −55.7% | 1.8 yrs | Aug 21, 2006 | 5.7 yrs |
| Dec 10, 2007 | Mar 9, 2009 | −48.8% | 15 mo | Oct 24, 2014 | 6.9 yrs |
| Feb 18, 2020 | Mar 23, 2020 | −36.7% | 34 days | Dec 16, 2021 | 1.8 yrs |
| Sep 12, 2022 | Oct 2, 2023 | −28.1% | 13 mo | Sep 13, 2024 | 2.0 yrs |
| Jul 21, 1999 | Feb 25, 2000 | −25.0% | 7 mo | Sep 28, 2000 | 14 mo |
| Jan 29, 2015 | Sep 4, 2015 | −17.1% | 7 mo | Mar 29, 2016 | 14 mo |
| Nov 14, 2017 | Feb 8, 2018 | −16.4% | 3 mo | Dec 13, 2018 | 13 mo |
| Apr 8, 2022 | Jun 17, 2022 | −15.7% | 2 mo | Aug 15, 2022 | 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 1998: how far Utilities 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 Utilities Select Sector SPDR Fund from its all-time high?
- Utilities Select Sector SPDR Fund is currently 11.2% below its all-time high, set Feb 27, 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 Utilities Select Sector SPDR Fund drawdown ever?
- The deepest decline on record in our data (since 1998) took Utilities Select Sector SPDR Fund 55.7% below its prior high, bottoming Oct 9, 2002. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from XLU; no free deep history exists for Utilities 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.