BAX drawdown: 75.2% below the all-time high
Baxter International (BAX) is 75.2% below its all-time high, set Apr 20, 2020 (as of market close, Jul 27, 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 (1981).
- Below all-time high
- −75.2%
- 24.8% of ATH
- All-time high
- $94.14
- Apr 20, 2020
- Time below the high
- 6.3 yrs
- since Apr 20, 2020
- Worst-ever drawdown
- −83.2%
- Mar 30, 2026
- Longest underwater
- 7.6 yrs
- between all-time highs
- Today's level first reached
- Oct 16, 2000
- 25.8 yrs ago
- Last time this deep
- never before
- no prior −75.2% episode
% of all-time high since 1981#
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 BAX, 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 |
|---|---|---|---|---|---|
| Apr 20, 2020 | Mar 30, 2026 | −83.2% | 5.9 yrs | not yet | 6.3 yrs+ |
| Mar 27, 2002 | Apr 1, 2003 | −68.9% | 12 mo | Oct 25, 2007 | 5.6 yrs |
| Jul 25, 1983 | Dec 4, 1984 | −61.7% | 16 mo | Feb 19, 1991 | 7.6 yrs |
| Dec 30, 1991 | Sep 17, 1993 | −44.8% | 1.7 yrs | Jun 22, 1995 | 3.5 yrs |
| Aug 8, 2008 | Jun 9, 2010 | −43.1% | 1.8 yrs | Mar 26, 2013 | 4.6 yrs |
| Mar 15, 1999 | Mar 7, 2000 | −31.8% | 12 mo | Jul 21, 2000 | 16 mo |
| Jul 17, 1997 | Oct 27, 1997 | −26.7% | 3 mo | Mar 20, 1998 | 8 mo |
| Aug 5, 2015 | Oct 6, 2015 | −23.4% | 2 mo | Apr 6, 2016 | 8 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 1981: how far BAX 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: BAX 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 BAX from its all-time high?
- BAX is currently 75.2% below its all-time high, set Apr 20, 2020 (as of market close, Jul 27, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest BAX drawdown ever?
- The deepest decline on record in our data (since 1981) took the stock 83.2% below its prior high, bottoming Mar 30, 2026. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1981 (split-adjusted). "All-time" means since our price data begins — BAX 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.