diff --git a/news/fix_process_traceback.rst b/news/fix_process_traceback.rst
new file mode 100644
index 000000000..4a2b8fddf
--- /dev/null
+++ b/news/fix_process_traceback.rst
@@ -0,0 +1,23 @@
+**Added:**
+
+* <news item>
+
+**Changed:**
+
+* <news item>
+
+**Deprecated:**
+
+* <news item>
+
+**Removed:**
+
+* <news item>
+
+**Fixed:**
+
+* Fixed empty stacktrace for CalledProcessError.
+
+**Security:**
+
+* <news item>
diff --git a/tests/test_integrations.py b/tests/test_integrations.py
index 25b6aad66..bdc303313 100644
--- a/tests/test_integrations.py
+++ b/tests/test_integrations.py
@@ -3,6 +3,7 @@ This requires Xonsh installed in venv or otherwise available on PATH
 """
 
 import os
+import re
 import shutil
 import subprocess as sp
 import tempfile
@@ -995,3 +996,47 @@ def test_run_fail_not_on_path():
     cmd = "hello_world.bat"
     out, _, _ = run_xonsh(cmd, stdout=sp.PIPE, stderr=sp.PIPE, path=os.environ["PATH"])
     assert out != "Hello world"
+
+
+@skip_if_on_windows
+@pytest.mark.parametrize("interactive", [True, False])
+def test_raise_subproc_error_with_show_traceback(monkeypatch, interactive):
+    out, err, ret = run_xonsh(
+        "$COLOR_RESULTS=False\n$RAISE_SUBPROC_ERROR=False\n$XONSH_SHOW_TRACEBACK=False\nls nofile",
+        interactive=interactive,
+        single_command=True,
+    )
+    assert ret != 0
+    assert re.match("ls.*No such file or directory\n", out)
+
+    out, err, ret = run_xonsh(
+        "$COLOR_RESULTS=False\n$RAISE_SUBPROC_ERROR=True\n$XONSH_SHOW_TRACEBACK=False\nls nofile",
+        interactive=interactive,
+        single_command=True,
+    )
+    assert ret != 0
+    assert re.match(
+        "ls:.*No such file or directory\nsubprocess.CalledProcessError: Command '\\['ls', 'nofile'\\]' returned non-zero exit status .*",
+        out,
+        re.MULTILINE | re.DOTALL,
+    )
+
+    out, err, ret = run_xonsh(
+        "$COLOR_RESULTS=False\n$RAISE_SUBPROC_ERROR=True\n$XONSH_SHOW_TRACEBACK=True\nls nofile",
+        interactive=interactive,
+        single_command=True,
+    )
+    assert ret != 0
+    assert re.match(
+        "ls.*No such file or directory.*Traceback .*\nsubprocess.CalledProcessError: Command '\\['ls', 'nofile'\\]' returned non-zero exit status .*",
+        out,
+        re.MULTILINE | re.DOTALL,
+    )
+
+    out, err, ret = run_xonsh(
+        "$COLOR_RESULTS=False\n$RAISE_SUBPROC_ERROR=False\n$XONSH_SHOW_TRACEBACK=True\nls nofile",
+        interactive=interactive,
+        single_command=True,
+    )
+    assert ret != 0
+    assert re.match("ls.*No such file or directory\n", out)
diff --git a/xonsh/tools.py b/xonsh/tools.py
index 7053a9e02..e38ae0e10 100644
--- a/xonsh/tools.py
+++ b/xonsh/tools.py
@@ -1119,10 +1119,9 @@ def display_colored_error_message(exc_info, strip_xonsh_error_types=True, limit=
         no_trace_and_raise_subproc_error
         and "subprocess.CalledProcessError:" in content[-1]
     ):
-        content = content[:-1]
+        content = [content[-1].rstrip()]
 
     traceback_str = "".join([v for v in content])
-    traceback_str += "" if traceback_str.endswith("\n") else "\n"
 
     # color the traceback if available
     _, interactive = _get_manual_env_var("XONSH_INTERACTIVE", 0)
@@ -1137,7 +1136,7 @@ def display_colored_error_message(exc_info, strip_xonsh_error_types=True, limit=
     lexer = pygments.lexers.python.PythonTracebackLexer()
     tokens = list(pygments.lex(traceback_str, lexer=lexer))
     # this goes to stdout, but since we are interactive it doesn't matter
-    print_color(tokens, end="\n", file=sys.stderr)
+    print_color(tokens, end="", file=sys.stderr)
     return