History of Market · The Chronicle of the U.S. Stock Market Consumer
Gathering VI · leaf 11 of 16
XLY · Intrayear DD vs Full Year

XLY · Intrayear DD vs Full Year — Consumer Discretionary Maximum Intra-Year Drawdown vs. Full-Year Return

Consumer Discretionary Intrayear Drawdowns — Maximum intrayear drawdowns versus calendar-year returns for XLY.

For each calendar year, the deepest peak-to-trough fall inside the year plotted against where the year finally closed, with the S&P 500 for reference. The discretionary sector's intra-year dips are routinely deeper than the index's, and the year still closes positive more often than not.

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What this page answers

Across 29 years, the average intrayear drawdown for XLY was -17.9% — yet the mean full-year total return remained firmly positive at +11.2%. In 15 of those years, the index suffered a double-digit intra-year drop and still finished higher: in equity markets, turbulence is the price of admission, not an anomaly.

For each calendar year, the deepest peak-to-trough fall inside the year plotted against where the year finally closed, with the S&P 500 for reference. The discretionary sector's intra-year dips are routinely deeper than the index's, and the year still closes positive more often than not. The data is refreshed by the History of Market pipeline and published as a stable JSON endpoint for research, citation, and AI-agent use.

The plate

XLY · Intrayear DD vs Full Year — Consumer Discretionary Maximum Intra-Year Drawdown vs. Full-Year Return-50%-25%0%25%200020052010201520202025
Plate VI.11 For each calendar year, the deepest peak-to-trough fall inside the year plotted against where the year finally closed, with the S&P 500 for reference. The discretionary sector's intra-year dips are routinely deeper than the index's, and the year still closes positive more often than not. 2026-09-06

Latest Snapshot

Updated
2026-09-06
Observations
29
Average
-17.9%
Latest
+11.2%

XLY — maximum intrayear drawdowns vs full-year net returns

XLY — maximum intrayear drawdowns vs full-year net returns
YearDeepest intrayear drawdownFull-year return
2026-15.0%-3.4%
2025-24.2%+7.4%
2024-12.7%+26.5%
2023-16.2%+39.7%
2022-39.5%-36.3%
2021-10.0%+27.9%
2020-33.9%+29.6%
2019-8.8%+28.4%
2018-21.4%+1.6%
2017-4.2%+22.8%
2016-10.8%+6.0%
2015-11.4%+9.9%
2014-8.5%+9.5%
2013-5.4%+42.7%
2012-9.6%+23.6%
2011-18.4%+6.0%
2010-19.0%+27.5%
2009-29.7%+40.6%
2008-51.1%-33.0%
2007-18.8%-13.7%
2006-9.6%+18.4%
2005-11.9%-6.6%
2004-10.8%+12.9%
2003-14.2%+37.1%
2002-30.2%-18.6%
2001-27.9%+12.7%
2000-29.2%-16.9%
1999-16.1%+19.6%
1998-0.9%+2.6%

Complete record (29 rows). Raw dataset: https://historyofmarket.com/api/consumer/xly-intrayear-dd.json

Data & Source

GET /api/consumer/xly-intrayear-dd.json — Canonical dataset endpoint.

Exchange closing prices · Company filings · Robert Shiller · FRED · NBER.

FAQ

Where does this data come from?

History of Market combines public market and macro datasets — exchange closing prices, company filings, Robert Shiller, FRED, NBER, and the UBS Global Investment Returns Yearbook (Dimson–Marsh–Staunton). The exact endpoint for this panel is linked below.

How often is it updated?

Daily-tier datasets refresh after the U.S. market close, with a broader weekly refresh on Sunday. The timestamp shown on this page comes from the JSON payload.

Can I use the data?

Yes, for research and education with attribution to History of Market. Upstream data sources retain their own terms.