Callaway Golf Company drawdown: 63.2% below the all-time high (price)
Callaway Golf Company is 63.2% below its all-time high, set Jul 16, 1997 (as of market close, Oct 20, 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
- −63.2%
- 36.8% of ATH
- All-time high
- $38.38
- Jul 16, 1997
- Time below the high
- 29.3 yrs
- since Jul 16, 1997
- Worst-ever drawdown
- −87.7%
- Oct 3, 2011
- Longest underwater
- 29.3 yrs
- between all-time highs
- Today's level first reached
- Aug 23, 1993
- 33.2 yrs ago
- Last time this deep
- never before
- no prior −63.2% episode
% of all-time high since 1992: 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 |
|---|---|---|---|---|---|
| Jul 16, 1997 | Oct 3, 2011 | −87.7% | 14.2 yrs | not yet | 29.3 yrs+ |
| May 31, 1994 | May 11, 1995 | −45.8% | 11 mo | Dec 26, 1995 | 1.6 yrs |
| Feb 28, 1992 | Jun 23, 1992 | −43.2% | 4 mo | Nov 16, 1992 | 9 mo |
| Oct 18, 1993 | Nov 19, 1993 | −30.1% | 32 days | Jan 28, 1994 | 3 mo |
| Oct 7, 1996 | Dec 16, 1996 | −27.0% | 2 mo | Jun 18, 1997 | 8 mo |
| Jul 10, 1996 | Jul 24, 1996 | −20.8% | 14 days | Oct 7, 1996 | 3 mo |
| Mar 10, 1994 | Mar 30, 1994 | −19.7% | 20 days | May 26, 1994 | 3 mo |
| Apr 14, 1993 | Apr 30, 1993 | −18.8% | 16 days | May 26, 1993 | 42 days |
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 1992: how far Callaway Golf Company 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 Callaway Golf Company from its all-time high?
- Callaway Golf Company is currently 63.2% below its all-time high, set Jul 16, 1997 (as of market close, Oct 20, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Callaway Golf Company drawdown ever?
- The deepest decline on record in our data (since 1992) took Callaway Golf Company 87.7% below its prior high, bottoming Oct 3, 2011. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from CALY; no free deep history exists for Callaway Golf Company — 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.