KBE’s worst drop since 2005 was 83%
SPDR S&P Bank ETF (KBE) fell 83% from Feb 2007 to Mar 2009. It took 10.8 years from that peak to close at a new high, in Dec 2017. Over the same years the S&P 500 fell as much as 55%.
That drop ranks 14th deepest among the 203 ETFs PortfolioAutopsy tracks.
Drawdown from the last high, 2005 to now
How KBE held up in each crash
| Crash | Years | KBE | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | −82.6% | −55.2% |
| COVID crash | 2020 | −50.9% | −33.7% |
| 2022 rate shock | 2022 | −28.7% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how KBE behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
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What was KBE’s maximum drawdown?
KBE’s deepest fall since 2005 was 83.2%, from its high on February 20, 2007 to its low on March 6, 2009. The figure uses daily prices with dividends reinvested.
How long did KBE take to recover?
10.8 years. KBE first closed above its Feb 2007 high again on December 4, 2017.
Was KBE riskier than the S&P 500?
Over the same years, KBE’s worst drop was 83.2% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −74.9% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, November 16, 2005 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.