XLRE’s worst drop since 2015 was 39%
Real Estate Select Sector SPDR (XLRE) fell 39% from Feb 2020 to Mar 2020. It took 1.1 years from that peak to close at a new high, in Apr 2021. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 129th of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2015 to now
How XLRE held up in each crash
| Crash | Years | XLRE | 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 | −38.8% | −33.7% |
| 2022 rate shock | 2022 | −32.7% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how XLRE 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 XLRE’s maximum drawdown?
XLRE’s deepest fall since 2015 was 38.8%, from its high on February 21, 2020 to its low on March 23, 2020. The figure uses daily prices with dividends reinvested.
How long did XLRE take to recover?
1.1 years. XLRE first closed above its Feb 2020 high again on April 5, 2021.
Was XLRE riskier than the S&P 500?
Over the same years, XLRE’s worst drop was 38.8% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −26.5% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, October 9, 2015 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.