Black Hills Corporation drawdown: 10.4% below the all-time high (price)
Black Hills Corporation is 10.4% below its all-time high, set Feb 18, 2020 (as of market close, Oct 16, 2026), measured on price alone — dividends are not included, the convention headlines and crash histories use. 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.
- Below all-time high
- −10.4%
- 89.6% of ATH
- All-time high
- $85.53
- Feb 18, 2020
- Time below the high
- 6.7 yrs
- since Feb 18, 2020
- Worst-ever drawdown
- −74.9%
- Mar 9, 2009
- Longest underwater
- 12.8 yrs
- between all-time highs
- Today's level first reached
- May 22, 2019
- 7.4 yrs ago
- Last time this deep
- Jan 16, 2019
- in a previous episode
% of all-time high since 1973: price#
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. Basis and range are in the URL, so a particular view is a link.
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 |
|---|---|---|---|---|---|
| May 24, 2001 | Mar 9, 2009 | −74.9% | 7.8 yrs | Mar 17, 2014 | 12.8 yrs |
| May 7, 1992 | Jul 6, 1994 | −44.2% | 2.2 yrs | Nov 26, 1997 | 5.6 yrs |
| Feb 18, 2020 | Oct 2, 2023 | −44.0% | 3.6 yrs | not yet | 6.7 yrs+ |
| Jun 30, 2014 | Sep 11, 2015 | −39.3% | 14 mo | May 4, 2016 | 1.8 yrs |
| Nov 12, 1973 | Sep 16, 1974 | −38.4% | 10 mo | Jan 2, 1976 | 2.1 yrs |
| Jul 23, 1986 | Apr 15, 1987 | −29.6% | 9 mo | Jun 29, 1988 | 1.9 yrs |
| Jun 16, 2017 | Feb 21, 2018 | −29.5% | 8 mo | Mar 1, 2019 | 1.7 yrs |
| Oct 3, 1978 | Apr 7, 1980 | −28.9% | 1.5 yrs | Nov 3, 1982 | 4.1 yrs |
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 1973: how far Black Hills Corporation 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: a single asset's history is one surviving sample, 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 Black Hills Corporation from its all-time high?
- Black Hills Corporation is currently 10.4% below its all-time high, set Feb 18, 2020 (as of market close, Oct 16, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Black Hills Corporation drawdown ever?
- The deepest decline on record in our data (since 1973) took Black Hills Corporation 74.9% below its prior high, bottoming Mar 9, 2009. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from BKH; no free deep history exists for Black Hills Corporation — for a 150-year 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. Past performance does not predict future returns; not investment advice.