# PHLX SOX · Intrayear DD vs Full Year — Semiconductor Maximum Intra-Year Drawdown vs. Full-Year Return

Source: https://historyofmarket.com/semi/semi-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 › Semiconductors › Semiconductor Maximum Intra-Year Drawdown vs. Full-Year Return

**Semiconductor Intrayear Drawdowns** — Deepest intrayear pullbacks versus year-end performances: capturing the high-beta nature of hardware cycles.

Figure: Plate III.4 · Each year's deepest intra-year fall for the PHLX Semiconductor Index, from a high set earlier in the year to the low, beside where that year closed. Even strongly positive years carry double-digit pullbacks; the readings above give the average and the S&P 500 comparison.

## Latest Snapshot

- **Data file updated** — 2026-11-13
- **Observations** — 33
- **Average** — -28.9%
- **Avg total return** — +20.7%

## What this page answers

Across 33 years, the average intrayear drawdown for the Philadelphia Semiconductor Index (SOX) was -28.9% — yet the mean full-year total return remained firmly positive at +20.7%. In 21 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.

## Philadelphia Semiconductor Index (SOX) — maximum intrayear drawdowns vs full-year net returns

| Year | Deepest intrayear drawdown | Full-year return |
| --- | --- | --- |
| 2026 | -38.4% | +48.3% |
| 2025 | -34.9% | +42.2% |
| 2024 | -25.0% | +19.3% |
| 2023 | -17.5% | +64.9% |
| 2022 | -46.3% | -35.8% |
| 2021 | -14.7% | +41.2% |
| 2020 | -35.0% | +51.1% |
| 2019 | -18.4% | +60.1% |
| 2018 | -26.0% | -7.8% |
| 2017 | -10.3% | +38.2% |
| 2016 | -14.8% | +36.6% |
| 2015 | -25.0% | -3.4% |
| 2014 | -16.4% | +28.4% |
| 2013 | -8.2% | +39.3% |
| 2012 | -20.5% | +5.4% |
| 2011 | -31.0% | -11.5% |
| 2010 | -23.3% | +14.4% |
| 2009 | -19.4% | +69.6% |
| 2008 | -59.4% | -48.0% |
| 2007 | -26.4% | -12.6% |
| 2006 | -30.1% | -2.6% |
| 2005 | -14.4% | +10.7% |
| 2004 | -37.2% | -14.7% |
| 2003 | -23.1% | +75.7% |
| 2002 | -66.4% | -44.6% |
| 2001 | -51.6% | -9.4% |
| 2000 | -59.8% | -18.2% |
| 1999 | -17.4% | +101.0% |
| 1998 | -42.4% | +33.0% |
| 1997 | -38.5% | +9.7% |
| 1996 | -33.4% | +19.8% |
| 1995 | -35.9% | +43.2% |
| 1994 | -13.7% | +17.7% |

Complete record (33 rows). Raw dataset: https://historyofmarket.com/api/semi/intrayear-dd.json

## Data & Source

[GET /api/semi/intrayear-dd.json](https://historyofmarket.com/api/semi/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
- [Technology Sector Maximum Intra-Year Drop vs. Full-Year Return](https://historyofmarket.com/xlk/xlk-intrayear-dd/) — Information Technology
- [Financial Sector Maximum Intra-Year Drawdown vs. Full-Year Return](https://historyofmarket.com/fin/fin-intrayear-dd/) — Financials
- [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/semi/intrayear-dd.json
Machine index: https://historyofmarket.com/llms.txt