XLC’s worst drop since 2018 was 47%
Communication Services Select Sector SPDR (XLC) fell 47% from Sep 2021 to Nov 2022. It took 2.8 years from that peak to close at a new high, in Jun 2024. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 110th of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2018 to now
How XLC held up in each crash
| Crash | Years | XLC | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −30.1% | −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 XLC’s maximum drawdown?
XLC’s deepest fall since 2018 was 46.7%, from its high on September 1, 2021 to its low on November 3, 2022. The figure uses daily prices with dividends reinvested.
How long did XLC take to recover?
2.8 years. XLC first closed above its Sep 2021 high again on June 5, 2024.
Was XLC riskier than the S&P 500?
Over the same years, XLC’s worst drop was 46.7% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −43.3% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, June 20, 2018 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.