Global X S&P 500 Covered Call ETF drawdown: 21.5% below the all-time high
Global X S&P 500 Covered Call ETF is 21.5% below its all-time high, set Sep 20, 2018 (as of market close, Oct 1, 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
- −21.5%
- 78.5% of ATH
- All-time high
- $52.95
- Sep 20, 2018
- Time below the high
- 8.0 yrs
- since Sep 20, 2018
- Worst-ever drawdown
- −34.7%
- Mar 23, 2020
- Longest underwater
- 8.0 yrs
- between all-time highs
- Today's level first reached
- Jul 11, 2013
- 13.2 yrs ago
- Last time this deep
- never before
- no prior −21.5% episode
% of all-time high since 2013#
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 20, 2018 | Mar 23, 2020 | −34.7% | 1.5 yrs | not yet | 8.0 yrs+ |
| Sep 19, 2014 | Feb 11, 2016 | −16.8% | 17 mo | Feb 13, 2017 | 2.4 yrs |
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 2013: how far Global X S&P 500 Covered Call ETF 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 Global X S&P 500 Covered Call ETF from its all-time high?
- Global X S&P 500 Covered Call ETF is currently 21.5% below its all-time high, set Sep 20, 2018 (as of market close, Oct 1, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Global X S&P 500 Covered Call ETF drawdown ever?
- The deepest decline on record in our data (since 2013) took Global X S&P 500 Covered Call ETF 34.7% 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 XYLD; no free deep history exists for Global X S&P 500 Covered Call ETF — 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.