ASX drawdown: 11.6% below the all-time high
ASE Technology Holding Co. Ltd. American Depositary Shares (each representing Two Common Shares) (ASX) is 11.6% below its all-time high, set Jun 30, 2026 (as of market close, Aug 17, 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 (2000).
- Below all-time high
- −11.6%
- 88.4% of ATH
- All-time high
- $45.12
- Jun 30, 2026
- Time below the high
- 48 days
- since Jun 30, 2026
- Worst-ever drawdown
- −77.5%
- Dec 4, 2008
- Longest underwater
- 5.9 yrs
- between all-time highs
- Today's level first reached
- May 28, 2026
- 3 mo ago
- Last time this deep
- Jun 10, 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.
% of all-time high on the price basis — the all-time high considers the full history of ASX, 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 |
|---|---|---|---|---|---|
| Jul 19, 2007 | Dec 4, 2008 | −77.5% | 17 mo | Jan 19, 2011 | 3.5 yrs |
| Oct 24, 2000 | Sep 21, 2001 | −69.7% | 11 mo | Nov 10, 2003 | 3.0 yrs |
| Mar 10, 2015 | Mar 23, 2020 | −59.3% | 5.0 yrs | Feb 8, 2021 | 5.9 yrs |
| Aug 5, 2021 | Oct 11, 2022 | −51.9% | 14 mo | Jan 25, 2024 | 2.5 yrs |
| Feb 6, 2004 | Aug 3, 2004 | −46.0% | 6 mo | Apr 19, 2006 | 2.2 yrs |
| Feb 7, 2011 | Oct 25, 2012 | −46.0% | 1.7 yrs | Jun 10, 2014 | 3.3 yrs |
| Jul 11, 2024 | Apr 8, 2025 | −40.6% | 9 mo | Oct 16, 2025 | 15 mo |
| May 4, 2006 | Jul 17, 2006 | −33.5% | 2 mo | Apr 13, 2007 | 11 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 2000: how far ASX 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: ASX 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 ASX from its all-time high?
- ASX is currently 11.6% below its all-time high, set Jun 30, 2026 (as of market close, Aug 17, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest ASX drawdown ever?
- The deepest decline on record in our data (since 2000) took the stock 77.5% below its prior high, bottoming Dec 4, 2008. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2000 (split-adjusted). "All-time" means since our price data begins — ASX 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.