AU drawdown: 25.9% below the all-time high
AngloGold Ashanti PLC (AU) is 25.9% below its all-time high, set Mar 2, 2026 (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 (1998).
- Below all-time high
- −25.9%
- 74.1% of ATH
- All-time high
- $128.3
- Mar 2, 2026
- Time below the high
- 5 mo
- since Mar 2, 2026
- Worst-ever drawdown
- −90.7%
- Aug 5, 2015
- Longest underwater
- 19.6 yrs
- between all-time highs
- Today's level first reached
- Jan 12, 2026
- 7 mo ago
- Last time this deep
- Jul 8, 2025
- in a previous episode
% of all-time high since 1998#
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 AU, 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, 2006 | Aug 5, 2015 | −90.7% | 9.5 yrs | Sep 8, 2025 | 19.6 yrs |
| Sep 28, 1999 | Nov 30, 2000 | −64.1% | 14 mo | Dec 26, 2002 | 3.2 yrs |
| Mar 2, 2026 | Jul 20, 2026 | −41.6% | 5 mo | not yet | 5 mo+ |
| Oct 8, 1998 | Feb 24, 1999 | −40.0% | 5 mo | Sep 27, 1999 | 12 mo |
| Dec 2, 2003 | Jul 26, 2004 | −39.0% | 8 mo | Dec 29, 2005 | 2.1 yrs |
| Jan 24, 2003 | Mar 27, 2003 | −28.6% | 2 mo | Aug 20, 2003 | 7 mo |
| Aug 10, 1998 | Aug 31, 1998 | −27.0% | 21 days | Sep 10, 1998 | 31 days |
| Jan 28, 2026 | Jan 30, 2026 | −19.7% | 2 days | Feb 23, 2026 | 26 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 1998: how far AU 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: AU 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 AU from its all-time high?
- AU is currently 25.9% below its all-time high, set Mar 2, 2026 (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 AU drawdown ever?
- The deepest decline on record in our data (since 1998) took the stock 90.7% below its prior high, bottoming Aug 5, 2015. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1998 (split-adjusted). "All-time" means since our price data begins — AU 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.