SPDR S&P 500 ETF (SPY) is trading at $686.13, which is -1.3% below its all-time high of $695.51. The Drawdown Severity Score is 0.4, placing it in the green (normal) zone. Over its tracked history, SPY has experienced 419 significant drawdown events with an average maximum drawdown of -1.9%.
Data last updated: April 14, 2026 at 08:01 AM EDT
SPY
StockSPDR S&P 500 ETF
Price
$686.13
as of Apr 13, 2026
All Time High: $695.51
Typical
Current Drawdown
-1.3%
Days in Drawdown
52
Avg Max Drawdown
1.9%
Avg Length
26
Drawdown Severity Score™
0.4
SPY - Price & High Water Mark
SPY - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
SPDR S&P 500 ETF (SPY) Analysis: Current Drawdown Insights
SPDR S&P 500 ETF is trading slightly below its recent peak. As of 2026-04-13, the stock price is $686.13, just 1.3% below its all-time high of $695.51.
Based on comprehensive historical analysis spanning 14 years, SPDR S&P 500 ETF typically experiences drawdowns averaging 1.9% in depth, with an average duration of 26 days. SPDR S&P 500 ETF has gone through 419 total drawdown events in the last 14 years. The largest drawdown for SPDR S&P 500 ETF in the last 14 years was 24.5%. The longest drawdown duration in its history was 709 days.
The Drawdown Severity Score™ for SPDR S&P 500 ETF currently stands at 0.45. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score below 2.0 indicates a normal drawdown within the stock's typical range—a routine pullback.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns—periods when the price declines from all-time highs before recovering. By analyzing SPDR S&P 500 ETF's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that may represent a buying opportunity.
📜 Historical Drawdown Events
Current drawdown shown in blue. Complete record of all 419 historical pullbacks below.
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-02-20 | Ongoing | 52 days | -1.3% | $695.51 | $686.13 | — |
| 2025-10-09 | 2025-10-24 | 16 days | -3.0% | $673.11 | $653.02 | $677.25 |
| 2025-10-07 | 2025-10-08 | 2 days | -0.4% | $671.61 | $669.12 | $673.11 |
| 2025-10-03 | 2025-10-06 | 4 days | -0.0% | $669.22 | $669.21 | $671.61 |
| 2025-09-23 | 2025-10-01 | 9 days | -1.3% | $666.84 | $658.05 | $668.45 |
| 2025-09-16 | 2025-09-18 | 3 days | -0.3% | $659.08 | $657.36 | $660.43 |
| 2025-09-12 | 2025-09-15 | 4 days | -0.0% | $655.81 | $655.59 | $659.08 |
| 2025-09-05 | 2025-09-09 | 5 days | -0.3% | $647.33 | $645.45 | $648.53 |
| 2025-08-29 | 2025-09-04 | 7 days | -1.3% | $647.13 | $638.50 | $647.33 |
| 2025-08-25 | 2025-08-27 | 3 days | -0.4% | $643.53 | $640.69 | $644.84 |
| 2025-08-15 | 2025-08-22 | 8 days | -1.5% | $643.17 | $633.79 | $643.53 |
| 2025-08-11 | 2025-08-12 | 2 days | -0.2% | $635.42 | $634.16 | $640.91 |
| 2025-07-28 | 2025-08-08 | 12 days | -2.4% | $635.34 | $620.00 | $635.42 |
| 2025-07-18 | 2025-07-21 | 4 days | -0.1% | $626.30 | $625.84 | $627.03 |
| 2025-07-11 | 2025-07-17 | 7 days | -0.6% | $624.09 | $620.42 | $626.30 |
| 2025-07-07 | 2025-07-10 | 4 days | -0.8% | $623.61 | $618.62 | $624.09 |
| 2025-07-01 | 2025-07-02 | 2 days | -0.0% | $616.14 | $615.94 | $618.73 |
| 2025-02-20 | 2025-06-26 | 126 days | -18.8% | $607.61 | $493.65 | $610.18 |
| 2025-01-24 | 2025-02-18 | 26 days | -2.0% | $604.45 | $592.58 | $606.18 |
| 2024-12-09 | 2025-01-22 | 45 days | -4.2% | $600.51 | $575.45 | $601.17 |
| 2024-12-05 | 2024-12-06 | 2 days | -0.2% | $600.36 | $599.37 | $600.51 |
| 2024-11-27 | 2024-11-29 | 3 days | -0.3% | $593.44 | $591.64 | $595.31 |
| 2024-11-12 | 2024-11-26 | 15 days | -2.2% | $591.57 | $578.71 | $593.44 |
| 2024-10-21 | 2024-11-06 | 17 days | -2.7% | $577.57 | $561.81 | $583.94 |
| 2024-10-15 | 2024-10-18 | 4 days | -0.8% | $577.30 | $572.82 | $577.57 |
| 2024-10-10 | 2024-10-11 | 2 days | -0.2% | $570.21 | $569.21 | $572.62 |
| 2024-10-01 | 2024-10-09 | 9 days | -1.0% | $566.87 | $560.98 | $570.21 |
| 2024-09-27 | 2024-09-30 | 4 days | -0.1% | $565.43 | $564.61 | $566.87 |
| 2024-09-25 | 2024-09-26 | 2 days | -0.2% | $564.44 | $563.19 | $565.43 |
| 2024-09-20 | 2024-09-23 | 4 days | -0.2% | $562.40 | $561.42 | $562.83 |
| 2024-07-17 | 2024-09-19 | 65 days | -8.4% | $556.37 | $509.60 | $562.40 |
| 2024-07-11 | 2024-07-15 | 5 days | -0.9% | $552.88 | $548.11 | $553.09 |
| 2024-06-20 | 2024-07-02 | 13 days | -0.7% | $538.51 | $534.58 | $540.76 |
| 2024-06-06 | 2024-06-10 | 5 days | -0.1% | $524.94 | $524.29 | $525.91 |
| 2024-05-22 | 2024-06-05 | 15 days | -1.6% | $521.69 | $513.10 | $524.94 |
| 2024-05-16 | 2024-05-20 | 5 days | -0.2% | $520.14 | $519.07 | $520.41 |
| 2024-03-28 | 2024-05-14 | 48 days | -5.4% | $513.65 | $486.15 | $513.78 |
| 2024-03-22 | 2024-03-27 | 6 days | -0.6% | $512.70 | $509.37 | $513.65 |
| 2024-03-13 | 2024-03-19 | 7 days | -1.0% | $505.80 | $500.55 | $506.32 |
| 2024-03-08 | 2024-03-12 | 4 days | -0.7% | $503.87 | $500.42 | $505.80 |
| 2024-03-04 | 2024-03-07 | 4 days | -1.1% | $501.96 | $496.41 | $503.87 |
| 2024-02-26 | 2024-02-29 | 4 days | -0.4% | $497.06 | $495.24 | $497.29 |
| 2024-02-16 | 2024-02-22 | 7 days | -1.0% | $491.35 | $486.21 | $496.72 |
| 2024-02-12 | 2024-02-15 | 4 days | -1.4% | $490.55 | $483.59 | $491.35 |
| 2024-02-05 | 2024-02-07 | 3 days | -0.4% | $483.85 | $482.09 | $487.52 |
| 2024-01-30 | 2024-02-02 | 4 days | -1.7% | $480.83 | $472.62 | $483.85 |
| 2024-01-26 | 2024-01-29 | 4 days | -0.1% | $477.66 | $477.06 | $480.83 |
| 2023-12-29 | 2024-01-19 | 22 days | -2.0% | $466.56 | $457.35 | $472.18 |
| 2023-12-20 | 2023-12-26 | 7 days | -1.4% | $464.75 | $458.31 | $465.55 |
| 2023-12-15 | 2023-12-18 | 4 days | -0.2% | $460.12 | $459.36 | $461.94 |
| 2022-01-04 | 2023-12-13 | 709 days | -24.5% | $453.21 | $342.19 | $458.65 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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What History Says About SPY
SPDR S&P 500 ETF has dropped 5%+ from its high 4 times in its tracked history. These events lasted an average of 237 days with an average max drop of -14.3%.
The current drawdown of -1.3% has lasted 52 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Jan 2022 to Dec 2023 | -24.5% | 709 days |
| Feb 2025 to Jun 2025 | -18.8% | 126 days |
| Jul 2024 to Sep 2024 | -8.4% | 65 days |
| Mar 2024 to May 2024 | -5.4% | 48 days |
Learn More About Drawdowns
What is a Drawdown?
Definition, formula, and real examples
Understanding Severity Scores
How our scoring compares to maximum drawdown
Our Methodology
Technical details behind the data
The Drawdown Severity Score
Our proprietary scoring algorithm explained
Latest Analysis
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