Nasdaq Composite drawdown: 2.1% below the all-time high
Nasdaq Composite is 2.1% below its all-time high, set Jun 2, 2026 (as of market close, Sep 4, 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
- −2.1%
- 97.9% of ATH
- All-time high
- $106.7
- Jun 2, 2026
- Time below the high
- 3 mo
- since Jun 2, 2026
- Worst-ever drawdown
- −55.5%
- Mar 9, 2009
- Longest underwater
- 3.5 yrs
- between all-time highs
- Today's level first reached
- May 14, 2026
- 4 mo ago
- Last time this deep
- May 19, 2026
- in a previous episode
% of all-time high since 2003#
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.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Oct 31, 2007 | Mar 9, 2009 | −55.5% | 16 mo | Apr 26, 2011 | 3.5 yrs |
| Nov 19, 2021 | Dec 28, 2022 | −35.9% | 13 mo | Feb 9, 2024 | 2.2 yrs |
| Feb 19, 2020 | Mar 23, 2020 | −30.4% | 33 days | Jun 8, 2020 | 4 mo |
| Dec 16, 2024 | Apr 8, 2025 | −24.4% | 4 mo | Jun 27, 2025 | 6 mo |
| Aug 31, 2018 | Dec 24, 2018 | −23.7% | 4 mo | Apr 26, 2019 | 8 mo |
| Apr 28, 2011 | Oct 3, 2011 | −18.8% | 5 mo | Feb 3, 2012 | 9 mo |
| Jan 26, 2004 | Aug 12, 2004 | −18.4% | 7 mo | Dec 6, 2004 | 10 mo |
| Jul 20, 2015 | Feb 9, 2016 | −18.2% | 7 mo | Aug 5, 2016 | 13 mo |
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 2003: how far Nasdaq Composite stood below its all-time high, and the total return over the following 1, 5 and 10 years.
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 Nasdaq Composite from its all-time high?
- Nasdaq Composite is currently 2.1% below its all-time high, set Jun 2, 2026 (as of market close, Sep 4, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Nasdaq Composite drawdown ever?
- The deepest decline on record in our data (since 2003) took Nasdaq Composite 55.5% below its prior high, bottoming Mar 9, 2009. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since 2003 from ONEQ, Nasdaq Composite's tracking fund; no free deep history exists for Nasdaq Composite — 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.