XHB’s worst drop since 2006 was 82%
SPDR S&P Homebuilders ETF (XHB) fell 82% from Apr 2006 to Mar 2009. It took 11.5 years from that peak to close at a new high, in Oct 2017. Over the same years the S&P 500 fell as much as 55%.
That drop ranks 18th deepest among the 203 ETFs PortfolioAutopsy tracks.
Drawdown from the last high, 2006 to now
How XHB held up in each crash
| Crash | Years | XHB | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | −72.6% | −55.2% |
| COVID crash | 2020 | −49.6% | −33.7% |
| 2022 rate shock | 2022 | −38.7% | −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 XHB’s maximum drawdown?
XHB’s deepest fall since 2006 was 81.6%, from its high on April 5, 2006 to its low on March 9, 2009. The figure uses daily prices with dividends reinvested.
How long did XHB take to recover?
11.5 years. XHB first closed above its Apr 2006 high again on October 24, 2017.
Was XHB riskier than the S&P 500?
Over the same years, XHB’s worst drop was 81.6% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −57.0% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, February 7, 2006 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.