MDY’s worst drop since 1999 was 55%
SPDR S&P MidCap 400 ETF (MDY) fell 55% from Jul 2007 to Mar 2009. It took 3.4 years from that peak to close at a new high, in Dec 2010. Over the same years the S&P 500 fell as much as 55%.
That drop ranks 88th deepest among the 203 ETFs PortfolioAutopsy tracks.
Drawdown from the last high, 1999 to now
How MDY held up in each crash
| Crash | Years | MDY | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | −32.0% | −47.5% |
| Financial crisis | 2007–09 | −55.3% | −55.2% |
| COVID crash | 2020 | −42.2% | −33.7% |
| 2022 rate shock | 2022 | −22.7% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how MDY 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 MDY’s maximum drawdown?
MDY’s deepest fall since 1999 was 55.3%, from its high on July 13, 2007 to its low on March 9, 2009. The figure uses daily prices with dividends reinvested.
How long did MDY take to recover?
3.4 years. MDY first closed above its Jul 2007 high again on December 6, 2010.
Was MDY riskier than the S&P 500?
Over the same years, MDY’s worst drop was 55.3% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −48.5% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, January 5, 1999 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.