ARES drawdown: 24.6% below the all-time high
Ares Management Corporation (ARES) is 24.6% below its all-time high, set Jan 31, 2025 (as of market close, Aug 13, 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. "All-time" means since our price data begins (2014).
- Below all-time high
- −24.6%
- 75.4% of ATH
- All-time high
- $198.2
- Jan 31, 2025
- Time below the high
- 1.5 yrs
- since Jan 31, 2025
- Worst-ever drawdown
- −51.3%
- Mar 12, 2026
- Longest underwater
- 1.6 yrs
- between all-time highs
- Today's level first reached
- May 15, 2024
- 2.2 yrs ago
- Last time this deep
- Dec 28, 2022
- in a previous episode
% of all-time high since 2014#
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.
% of all-time high on the price basis — the all-time high considers the full history of ARES, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
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 |
|---|---|---|---|---|---|
| Jan 31, 2025 | Mar 12, 2026 | −51.3% | 13 mo | not yet | 1.5 yrs+ |
| Jun 15, 2015 | Jan 15, 2016 | −47.2% | 7 mo | Jan 23, 2017 | 1.6 yrs |
| Feb 19, 2020 | Mar 23, 2020 | −44.8% | 33 days | Aug 10, 2020 | 6 mo |
| Nov 17, 2021 | Jun 16, 2022 | −39.5% | 7 mo | Jun 2, 2023 | 1.5 yrs |
| Mar 5, 2018 | Dec 24, 2018 | −33.2% | 10 mo | May 9, 2019 | 14 mo |
| Feb 24, 2017 | Jun 22, 2017 | −24.7% | 4 mo | Jan 16, 2018 | 11 mo |
| Jul 29, 2014 | Nov 6, 2014 | −22.1% | 3 mo | Feb 26, 2015 | 7 mo |
| Sep 18, 2019 | Oct 8, 2019 | −15.9% | 20 days | Nov 1, 2019 | 44 days |
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 2014: how far ARES 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: ARES is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, 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 ARES from its all-time high?
- ARES is currently 24.6% below its all-time high, set Jan 31, 2025 (as of market close, Aug 13, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest ARES drawdown ever?
- The deepest decline on record in our data (since 2014) took the stock 51.3% below its prior high, bottoming Mar 12, 2026. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2014 (split-adjusted). "All-time" means since our price data begins — ARES may have traded earlier. For a 150-year index 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, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.