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A drawdown measures how far an investment fell from a previous high before recovering. This page shows the largest historical declines for each market sector, how long each took to reach its low, and how long it took to return to the previous peak. Comparing a sector against the total market shows how their historical drawdown patterns differed.
Understand your comfort with volatility. Consider whether you would be comfortable holding an investment through a decline of this size, and for the length of time recovery historically took.
Consider both the decline and the recovery time. A decline that recovered within 12 months is a different experience from one that took five years, even at the same depth.
Compare against the total market (VTI). Sectors that fell further than VTI during the same period were more volatile; those that fell less behaved more defensively.
Worth noting: Past drawdowns don't predict future ones. Sectors that have declined sharply before have historically tended to be more volatile.