Climate change is shifting the structure and function of global forests, underscoring the critical need to predict which forests are most vulnerable to a hotter and drier future. We analyzed 6.6 million tree rings from 122 species to assess trees' sensitivity to water and energy availability. We found that trees growing in wetter portions of their range exhibit the greatest drought sensitivity. To test how these patterns of drought sensitivity influence vulnerability to climate change, we predicted tree growth through 2100. Our results suggest that drought adaptations in arid regions will partially buffer trees against climate change. By contrast, trees growing in the wetter, hotter portions of their climatic range may experience unexpectedly large adverse impacts under climate change.