Banco Santander drawdown: 14.5% below the all-time high (price)
Banco Santander is 14.5% below its all-time high, set Sep 14, 2010 (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
- −14.5%
- 85.5% of ATH
- All-time high
- $38.25
- Sep 14, 2010
- Time below the high
- 16.1 yrs
- since Sep 14, 2010
- Worst-ever drawdown
- −68.9%
- Mar 18, 2020
- Longest underwater
- 16.1 yrs
- between all-time highs
- Today's level first reached
- Aug 2, 2010
- 16.2 yrs ago
- Last time this deep
- May 26, 2010
- in a previous episode
% of all-time high since 1994: 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 |
|---|---|---|---|---|---|
| Sep 14, 2010 | Mar 18, 2020 | −68.9% | 9.5 yrs | not yet | 16.1 yrs+ |
| Mar 10, 1997 | Oct 5, 1998 | −61.4% | 1.6 yrs | Feb 6, 2004 | 6.9 yrs |
| Oct 26, 2007 | Oct 27, 2008 | −49.1% | 12 mo | Sep 24, 2009 | 1.9 yrs |
| Nov 1, 1994 | Mar 9, 1995 | −35.6% | 4 mo | May 8, 1995 | 6 mo |
| Jan 31, 2006 | Jun 27, 2006 | −25.0% | 5 mo | Nov 7, 2006 | 9 mo |
| Feb 12, 2004 | May 10, 2004 | −23.3% | 3 mo | Dec 3, 2004 | 10 mo |
| Sep 1, 1995 | Nov 17, 1995 | −21.7% | 3 mo | Jan 2, 1996 | 4 mo |
| Apr 17, 2007 | Aug 16, 2007 | −21.4% | 4 mo | Oct 8, 2007 | 6 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 1994: how far Banco Santander 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 Banco Santander from its all-time high?
- Banco Santander is currently 14.5% below its all-time high, set Sep 14, 2010 (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 Banco Santander drawdown ever?
- The deepest decline on record in our data (since 1994) took Banco Santander 68.9% below its prior high, bottoming Mar 18, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from BSAC; no free deep history exists for Banco Santander — 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.