KRE’s worst drop since 2006 was 69%
SPDR S&P Regional Banking ETF (KRE) fell 69% from Dec 2006 to Mar 2009. It took 8.3 years from that peak to close at a new high, in Apr 2015. Over the same years the S&P 500 fell as much as 55%.
That drop ranks 36th deepest among the 203 ETFs PortfolioAutopsy tracks.
Drawdown from the last high, 2006 to now
How KRE held up in each crash
| Crash | Years | KRE | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | −66.2% | −55.2% |
| COVID crash | 2020 | −51.3% | −33.7% |
| 2022 rate shock | 2022 | −27.5% | −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 KRE’s maximum drawdown?
KRE’s deepest fall since 2006 was 68.6%, from its high on December 27, 2006 to its low on March 9, 2009. The figure uses daily prices with dividends reinvested.
How long did KRE take to recover?
8.3 years. KRE first closed above its Dec 2006 high again on April 15, 2015.
Was KRE riskier than the S&P 500?
Over the same years, KRE’s worst drop was 68.6% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −53.5% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, June 23, 2006 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.