# XLF · Intrayear DD vs Full Year — Financial Sector Maximum Intra-Year Drawdown vs. Full-Year Return

Source: https://historyofmarket.com/fin/fin-intrayear-dd/
Language: en
License: data CC BY 4.0, text © History of Market — cite "History of Market (historyofmarket.com)" and link the source page. Terms: https://historyofmarket.com/license/
Section: History of Market › Financials › Financial Sector Maximum Intra-Year Drawdown vs. Full-Year Return

**Financial Sector Intrayear Drawdowns** — Maximum intrayear drawdowns versus calendar-year returns for the financial sector.

Figure: Plate V.5 · Average intra-year drawdowns near 20%. The systemic liquidity contractions of 2008 (-67%), 2009 (-51%), and 2020 (-43%) illustrate the extreme vulnerability of leveraged intermediaries.

## Latest Snapshot

- **Data file updated** — 2026-11-13
- **Observations** — 29
- **Average** — -19.9%
- **Avg total return** — +7.7%

## What this page answers

Across 29 years, the average intrayear drawdown for XLF was -19.9% — yet the mean full-year total return remained firmly positive at +7.7%. In 11 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.

The data is refreshed by the History of Market pipeline and published as a stable JSON endpoint for research, citation, and AI-agent use.

## XLF — maximum intrayear drawdowns vs full-year net returns

| Year | Deepest intrayear drawdown | Full-year return |
| --- | --- | --- |
| 2026 | -14.8% | +7.6% |
| 2025 | -15.5% | +14.9% |
| 2024 | -7.2% | +30.6% |
| 2023 | -16.3% | +12.0% |
| 2022 | -25.8% | -10.6% |
| 2021 | -8.4% | +34.8% |
| 2020 | -42.9% | -1.8% |
| 2019 | -9.5% | +31.9% |
| 2018 | -24.7% | -13.1% |
| 2017 | -9.0% | +22.0% |
| 2016 | -16.2% | +22.4% |
| 2015 | -12.7% | -1.7% |
| 2014 | -7.3% | +15.0% |
| 2013 | -6.9% | +35.5% |
| 2012 | -16.4% | +28.4% |
| 2011 | -33.7% | -17.1% |
| 2010 | -21.0% | +11.9% |
| 2009 | -51.2% | +17.6% |
| 2008 | -67.5% | -54.9% |
| 2007 | -24.7% | -19.2% |
| 2006 | -7.8% | +18.9% |
| 2005 | -9.1% | +6.2% |
| 2004 | -10.2% | +10.9% |
| 2003 | -17.4% | +30.5% |
| 2002 | -32.0% | -14.7% |
| 2001 | -26.7% | -9.5% |
| 2000 | -17.2% | +25.9% |
| 1999 | -22.9% | +2.7% |
| 1998 | -1.6% | +0.5% |

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

## Data & Source

[GET /api/fin/intrayear-dd.json](https://historyofmarket.com/api/fin/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 each weekend. 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.

## Related charts and reading

- [Maximum Intra-Year Drop vs. Full-Year Return](https://historyofmarket.com/sp500/intrayear-dd/) — S&P 500
- [Nasdaq 100 · Deepest Intrayear Drop vs Year-End Outcome](https://historyofmarket.com/nasdaq/ndx-intrayear-dd/) — Nasdaq
- [Semiconductor Maximum Intra-Year Drawdown vs. Full-Year Return](https://historyofmarket.com/semi/semi-intrayear-dd/) — Semiconductors
- [Technology Sector Maximum Intra-Year Drop vs. Full-Year Return](https://historyofmarket.com/xlk/xlk-intrayear-dd/) — Information Technology
- [Consumer Discretionary Maximum Intra-Year Drawdown vs. Full-Year Return](https://historyofmarket.com/consumer/xly-intrayear-dd/) — Consumer
- [Consumer Staples Maximum Intra-Year Drawdown vs. Full-Year Return](https://historyofmarket.com/consumer/xlp-intrayear-dd/) — Consumer

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Data: https://historyofmarket.com/api/fin/intrayear-dd.json
Machine index: https://historyofmarket.com/llms.txt