BEN drawdown: 44.8% below the all-time high
Franklin Resources Inc. (BEN) is 44.8% below its all-time high, set Dec 8, 2014 (as of market close, Jul 24, 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 (1983).
- Below all-time high
- −44.8%
- 55.2% of ATH
- All-time high
- $58.84
- Dec 8, 2014
- Time below the high
- 11.6 yrs
- since Dec 8, 2014
- Worst-ever drawdown
- −74.0%
- Mar 23, 2020
- Longest underwater
- 11.6 yrs
- between all-time highs
- Today's level first reached
- Nov 25, 2005
- 20.7 yrs ago
- Last time this deep
- Jul 22, 2009
- 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.
% of all-time high on the price basis — the all-time high considers the full history of BEN, 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 |
|---|---|---|---|---|---|
| Dec 8, 2014 | Mar 23, 2020 | −74.0% | 5.3 yrs | not yet | 11.6 yrs+ |
| Jul 17, 2007 | Mar 6, 2009 | −73.1% | 1.6 yrs | Feb 14, 2013 | 5.6 yrs |
| Sep 7, 1984 | Nov 16, 1984 | −57.3% | 2 mo | Apr 10, 1987 | 2.6 yrs |
| Apr 13, 1998 | Mar 14, 2000 | −56.1% | 1.9 yrs | Jan 20, 2004 | 5.8 yrs |
| Apr 10, 1987 | Oct 20, 1987 | −52.8% | 6 mo | Jan 30, 1989 | 1.8 yrs |
| Jun 4, 1990 | Nov 19, 1990 | −35.8% | 6 mo | Apr 3, 1991 | 10 mo |
| Oct 13, 1993 | Jan 11, 1995 | −35.1% | 15 mo | Aug 28, 1995 | 1.9 yrs |
| Oct 22, 1997 | Jan 23, 1998 | −25.6% | 3 mo | Feb 25, 1998 | 4 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 BEN 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: BEN 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 BEN from its all-time high?
- BEN is currently 44.8% below its all-time high, set Dec 8, 2014 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest BEN drawdown ever?
- The deepest decline on record in our data (since 1983) took the stock 74.0% below its prior high, bottoming Mar 23, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1983 (split-adjusted). "All-time" means since our price data begins — BEN 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.