IYR’s worst drop since 2000 was 74%
iShares US Real Estate ETF (IYR) fell 74% from Feb 2007 to Mar 2009. It took 6.2 years from that peak to close at a new high, in Apr 2013. Over the same years the S&P 500 fell as much as 55%.
That drop ranks 30th deepest among the 203 ETFs PortfolioAutopsy tracks.
Drawdown from the last high, 2000 to now
How IYR held up in each crash
| Crash | Years | IYR | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | −70.5% | −55.2% |
| COVID crash | 2020 | −42.3% | −33.7% |
| 2022 rate shock | 2022 | −32.0% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was IYR’s maximum drawdown?
IYR’s deepest fall since 2000 was 74.2%, from its high on February 7, 2007 to its low on March 6, 2009. The figure uses daily prices with dividends reinvested.
How long did IYR take to recover?
6.2 years. IYR first closed above its Feb 2007 high again on April 10, 2013.
Was IYR riskier than the S&P 500?
Over the same years, IYR’s worst drop was 74.2% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −61.9% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, June 20, 2000 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.