Tidal Trust II Defiance Daily Target 2X Short BMNR ETF drawdown: 86.6% below the all-time high (price)
Tidal Trust II Defiance Daily Target 2X Short BMNR ETF is 86.6% below its all-time high, set Nov 21, 2025 (as of market close, Oct 27, 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
- −86.6%
- 13.4% of ATH
- All-time high
- $42.67
- Nov 21, 2025
- Time below the high
- 11 mo
- since Nov 21, 2025
- Worst-ever drawdown
- −91.4%
- Sep 22, 2026
- Longest underwater
- 11 mo
- between all-time highs
- Today's level first reached
- Nov 13, 2025
- 11 mo ago
- Last time this deep
- never before
- no prior −86.6% episode
% of all-time high since 2025: 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 |
|---|---|---|---|---|---|
| Nov 21, 2025 | Sep 22, 2026 | −91.4% | 10 mo | not yet | 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.
FAQ#
- How far is Tidal Trust II Defiance Daily Target 2X Short BMNR ETF from its all-time high?
- Tidal Trust II Defiance Daily Target 2X Short BMNR ETF is currently 86.6% below its all-time high, set Nov 21, 2025 (as of market close, Oct 27, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Tidal Trust II Defiance Daily Target 2X Short BMNR ETF drawdown ever?
- The deepest decline on record in our data (since 2025) took Tidal Trust II Defiance Daily Target 2X Short BMNR ETF 91.4% below its prior high, bottoming Sep 22, 2026. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from BMNZ; no free deep history exists for Tidal Trust II Defiance Daily Target 2X Short BMNR ETF — 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.