Carnival Corporation Ltd. drawdown: 68.4% below the all-time high
Carnival Corporation Ltd. is 68.4% below its all-time high, set Jan 29, 2018 (as of market close, Sep 11, 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.
- Below all-time high
- −68.4%
- 31.6% of ATH
- All-time high
- $71.94
- Jan 29, 2018
- Time below the high
- 8.6 yrs
- since Jan 29, 2018
- Worst-ever drawdown
- −91.1%
- Oct 10, 2022
- Longest underwater
- 12.2 yrs
- between all-time highs
- Today's level first reached
- Sep 4, 1997
- 29.0 yrs ago
- Last time this deep
- Mar 9, 2009
- in a previous episode
% of all-time high since 1989#
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 |
|---|---|---|---|---|---|
| Jan 29, 2018 | Oct 10, 2022 | −91.1% | 4.7 yrs | not yet | 8.6 yrs+ |
| Dec 28, 2004 | Nov 20, 2008 | −74.4% | 3.9 yrs | Mar 27, 2017 | 12.2 yrs |
| Apr 12, 1999 | Sep 20, 2001 | −66.3% | 2.4 yrs | Nov 12, 2004 | 5.6 yrs |
| Aug 24, 1989 | Oct 11, 1990 | −57.7% | 14 mo | Oct 14, 1991 | 2.1 yrs |
| Jul 8, 1998 | Oct 8, 1998 | −48.4% | 3 mo | Dec 21, 1998 | 5 mo |
| Mar 10, 1992 | Oct 5, 1992 | −25.6% | 7 mo | Jan 8, 1993 | 10 mo |
| Feb 3, 1994 | Dec 9, 1994 | −25.2% | 10 mo | May 15, 1995 | 15 mo |
| Oct 18, 1991 | Nov 19, 1991 | −23.5% | 32 days | Feb 6, 1992 | 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 1989: how far Carnival Corporation Ltd. 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 Carnival Corporation Ltd. from its all-time high?
- Carnival Corporation Ltd. is currently 68.4% below its all-time high, set Jan 29, 2018 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Carnival Corporation Ltd. drawdown ever?
- The deepest decline on record in our data (since 1989) took Carnival Corporation Ltd. 91.1% below its prior high, bottoming Oct 10, 2022. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from CCL; no free deep history exists for Carnival Corporation Ltd. — 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.