CF drawdown: 9.1% below the all-time high
CF Industries Holdings Inc. (CF) is 9.1% below its all-time high, set Mar 30, 2026 (as of market close, Jul 24, 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. "All-time" means since our price data begins (2005).
- Below all-time high
- −9.1%
- 90.9% of ATH
- All-time high
- $137.6
- Mar 30, 2026
- Time below the high
- 4 mo
- since Mar 30, 2026
- Worst-ever drawdown
- −76.8%
- Nov 20, 2008
- Longest underwater
- 6.4 yrs
- between all-time highs
- Today's level first reached
- Mar 12, 2026
- 4 mo ago
- Last time this deep
- Mar 23, 2026
- in a previous episode
% of all-time high since 2005#
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.
% of all-time high on the price basis — the all-time high considers the full history of CF, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
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 |
|---|---|---|---|---|---|
| Jun 17, 2008 | Nov 20, 2008 | −76.8% | 5 mo | Aug 15, 2011 | 3.2 yrs |
| Jul 17, 2015 | Mar 18, 2020 | −69.3% | 4.7 yrs | Dec 22, 2021 | 6.4 yrs |
| Aug 26, 2022 | Jun 1, 2023 | −49.1% | 9 mo | Mar 11, 2026 | 3.5 yrs |
| Aug 12, 2005 | Oct 13, 2005 | −37.0% | 2 mo | Feb 24, 2006 | 6 mo |
| Aug 30, 2011 | Oct 3, 2011 | −36.3% | 34 days | Feb 28, 2012 | 6 mo |
| May 2, 2006 | Jul 17, 2006 | −30.5% | 2 mo | Oct 12, 2006 | 5 mo |
| Jul 13, 2007 | Aug 9, 2007 | −27.1% | 27 days | Sep 18, 2007 | 2 mo |
| Apr 18, 2022 | Jun 23, 2022 | −26.7% | 2 mo | Aug 24, 2022 | 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 2005: how far CF 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: CF is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, 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 CF from its all-time high?
- CF is currently 9.1% below its all-time high, set Mar 30, 2026 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest CF drawdown ever?
- The deepest decline on record in our data (since 2005) took the stock 76.8% below its prior high, bottoming Nov 20, 2008. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2005 (split-adjusted). "All-time" means since our price data begins — CF may have traded earlier. For a 150-year index 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, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.