Air Products and Chemicals Inc. drawdown: 13.8% below the all-time high
Air Products and Chemicals Inc. is 13.8% below its all-time high, set Feb 3, 2025 (as of market close, Sep 11, 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
- −13.8%
- 86.2% of ATH
- All-time high
- $338.07
- Feb 3, 2025
- Time below the high
- 1.6 yrs
- since Feb 3, 2025
- Worst-ever drawdown
- −60.7%
- Nov 20, 2008
- Longest underwater
- 5.1 yrs
- between all-time highs
- Today's level first reached
- Jul 17, 2020
- 6.2 yrs ago
- Last time this deep
- Jan 8, 2025
- in a previous episode
% of all-time high since 1983#
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 |
|---|---|---|---|---|---|
| Jun 5, 2008 | Nov 20, 2008 | −60.7% | 6 mo | Jul 25, 2013 | 5.1 yrs |
| May 3, 1999 | Mar 7, 2000 | −50.8% | 10 mo | Mar 1, 2002 | 2.8 yrs |
| Aug 10, 1987 | Dec 4, 1987 | −41.7% | 4 mo | May 3, 1990 | 2.7 yrs |
| May 13, 1998 | Sep 30, 1998 | −34.1% | 5 mo | Apr 19, 1999 | 11 mo |
| Dec 13, 2022 | Feb 7, 2024 | −33.8% | 14 mo | Oct 16, 2024 | 1.8 yrs |
| Feb 3, 2025 | Dec 9, 2025 | −31.7% | 10 mo | not yet | 1.6 yrs+ |
| Feb 14, 2020 | Mar 23, 2020 | −31.0% | 38 days | Jul 7, 2020 | 5 mo |
| Nov 10, 2021 | Mar 14, 2022 | −30.5% | 4 mo | Dec 2, 2022 | 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 1983: how far Air Products and Chemicals Inc. 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 Air Products and Chemicals Inc. from its all-time high?
- Air Products and Chemicals Inc. is currently 13.8% below its all-time high, set Feb 3, 2025 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Air Products and Chemicals Inc. drawdown ever?
- The deepest decline on record in our data (since 1983) took Air Products and Chemicals Inc. 60.7% below its prior high, bottoming Nov 20, 2008. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from APD; no free deep history exists for Air Products and Chemicals Inc. — 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.