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Drawdown history · ETF

VDE’s worst drop since 2004 was 75%

Vanguard Energy ETF (VDE) fell 75% from Jun 2014 to Mar 2020. It took 7.8 years from that peak to close at a new high, in Apr 2022. Over the same years the S&P 500 fell as much as 55%.

That drop ranks 29th deepest among the 203 ETFs PortfolioAutopsy tracks.

−74.7%
Worst drop
Jun 2014 → Mar 2020
7.8 yrs
Back to the old high
new high Apr 2022
−63.5%
Worst 12 months
Mar 2019 → Mar 2020
7.8 yrs
Longest underwater
from Jun 2014
At high
Now vs its high
as of 2026-10-13
+8.8%
Yearly return since 2004
dividends reinvested

Drawdown from the last high, 2004 to now

VDES&P 500 (SPY)
VDE drawdown from its last high since 20040%−20%−40%−60%20052010201520202025−75% by Mar 2020

How VDE held up in each crash

CrashYearsVDES&P 500
Dot-com bust2000–02not trading yet−47.5%
Financial crisis2007–09−58.2%−55.2%
COVID crash2020−61.6%−33.7%
2022 rate shock2022−26.6%−24.5%

Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.

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Questions

What was VDE’s maximum drawdown?

VDE’s deepest fall since 2004 was 74.7%, from its high on June 23, 2014 to its low on March 18, 2020. The figure uses daily prices with dividends reinvested.

How long did VDE take to recover?

7.8 years. VDE first closed above its Jun 2014 high again on April 18, 2022.

Was VDE riskier than the S&P 500?

Over the same years, VDE’s worst drop was 74.7% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −63.5% against −47.4%.

Compare with

IYR −74%EWY −74%QCLN −76%SLV −76%DBC −76%VNQ −73%FXI −73%EWZ −77%All tickers

Daily adjusted closes from Yahoo Finance, September 30, 2004 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.

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