VOX’s worst drop since 2004 was 57%
Vanguard Communication Services ETF (VOX) fell 57% from Jul 2007 to Nov 2008. It took 5.2 years from that peak to close at a new high, in Sep 2012. Over the same years the S&P 500 fell as much as 55%.
That drop ranks 81st deepest among the 203 ETFs PortfolioAutopsy tracks.
Drawdown from the last high, 2004 to now
How VOX held up in each crash
| Crash | Years | VOX | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | −57.2% | −55.2% |
| COVID crash | 2020 | −31.2% | −33.7% |
| 2022 rate shock | 2022 | −41.6% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was VOX’s maximum drawdown?
VOX’s deepest fall since 2004 was 57.2%, from its high on July 16, 2007 to its low on November 20, 2008. The figure uses daily prices with dividends reinvested.
How long did VOX take to recover?
5.2 years. VOX first closed above its Jul 2007 high again on September 12, 2012.
Was VOX riskier than the S&P 500?
Over the same years, VOX’s worst drop was 57.2% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −51.2% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, September 30, 2004 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.