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FTSE 100 drawdown: 0.7% below the all-time high

FTSE 100 is 0.7% below its all-time high, set Feb 27, 2026 (as of market close, Sep 8, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.

Below all-time high
−0.7%
99.3% of ATH
All-time high
1,068p
Feb 27, 2026
Time below the high
6 mo
since Feb 27, 2026
Worst-ever drawdown
−51.2%
Mar 12, 2003
Longest underwater
12.7 yrs
between all-time highs
Today's level first reached
Feb 26, 2026
6 mo ago
Last time this deep
Feb 5, 2026
in a previous episode

% of all-time high since 2000#

The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.

Basis
Range
All-time high = 100%50%60%70%80%90%
ISF close · log5001,000
20052010201520202025

The deepest drawdowns on record#

Every decline of 15% or more from an all-time high (price basis), deepest first.

PeakTroughDepthPeak → troughRecovered byUnderwater
Sep 4, 2000Mar 12, 2003−51.2%2.5 yrsMay 21, 201312.7 yrs
May 22, 2018Mar 23, 2020−37.3%1.8 yrsApr 23, 20245.9 yrs
Apr 27, 2015Feb 11, 2016−22.7%10 moJan 6, 20171.7 yrs

Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.

Drawdown vs what came next#

One dot per month since 2000: how far FTSE 100 stood below its all-time high, and the total return over the following 1, 5 and 10 years.

1950–19992000–today

Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.

FAQ#

How far is FTSE 100 from its all-time high?
FTSE 100 is currently 0.7% below its all-time high, set Feb 27, 2026 (as of market close, Sep 8, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
What was the biggest FTSE 100 drawdown ever?
The deepest decline on record in our data (since 2000) took FTSE 100 51.2% below its prior high, bottoming Mar 12, 2003. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since 2000 from ISF, FTSE 100's tracking fund; no free deep history exists for FTSE 100 — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.

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