Cleveland-Cliffs Inc. drawdown: 89.8% below the all-time high (price)
Cleveland-Cliffs Inc. is 89.8% below its all-time high, set Jun 30, 2008 (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
- −89.8%
- 10.2% of ATH
- All-time high
- $119.19
- Jun 30, 2008
- Time below the high
- 18.3 yrs
- since Jun 30, 2008
- Worst-ever drawdown
- −98.9%
- Jan 12, 2016
- Longest underwater
- 18.3 yrs
- between all-time highs
- Today's level first reached
- Nov 26, 2004
- 21.9 yrs ago
- Last time this deep
- never before
- no prior −89.8% episode
% of all-time high since 1987: 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 |
|---|---|---|---|---|---|
| Jun 30, 2008 | Jan 12, 2016 | −98.9% | 7.5 yrs | not yet | 18.3 yrs+ |
| Jul 16, 1998 | Oct 3, 2001 | −75.6% | 3.2 yrs | Feb 24, 2004 | 5.6 yrs |
| Mar 20, 1990 | Oct 16, 1990 | −43.1% | 7 mo | Jul 29, 1991 | 16 mo |
| Mar 8, 2004 | May 17, 2004 | −42.1% | 2 mo | Sep 7, 2004 | 6 mo |
| Feb 1, 2006 | Jun 13, 2006 | −41.4% | 4 mo | Jan 31, 2007 | 12 mo |
| Mar 4, 2005 | May 13, 2005 | −39.0% | 2 mo | Sep 28, 2005 | 7 mo |
| Jun 1, 2007 | Aug 16, 2007 | −32.2% | 2 mo | Oct 1, 2007 | 4 mo |
| Feb 5, 1992 | Sep 3, 1993 | −28.3% | 1.6 yrs | Jan 27, 1994 | 2.0 yrs |
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 1987: how far Cleveland-Cliffs Inc. 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 Cleveland-Cliffs Inc. from its all-time high?
- Cleveland-Cliffs Inc. is currently 89.8% below its all-time high, set Jun 30, 2008 (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 Cleveland-Cliffs Inc. drawdown ever?
- The deepest decline on record in our data (since 1987) took Cleveland-Cliffs Inc. 98.9% below its prior high, bottoming Jan 12, 2016. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from CLF; no free deep history exists for Cleveland-Cliffs Inc. — 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.