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CNI
$121.79+0.87%
as of close, Oct 16, 2026
☾ AH $121.79 +0.87%
Canadian National Railway CompanyStock · IndustrialsMSCI World 0.07%MSCI ACWI 0.07%
PeersSPCXBEGEVCATBARKLB

Canadian National Railway Company drawdown: 10.9% below the all-time high (price)

Canadian National Railway Company is 10.9% below its all-time high, set Mar 30, 2022 (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
−10.9%
89.1% of ATH
All-time high
$136.63
Mar 30, 2022
Time below the high
4.5 yrs
since Mar 30, 2022
Worst-ever drawdown
−48.6%
Mar 9, 2009
Longest underwater
4.5 yrs
between all-time highs
Today's level first reached
Sep 1, 2021
5.1 yrs ago
Last time this deep
Mar 1, 2022
in a previous episode

% of all-time high since 1996: 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.

Basis
Range
All-time high = 100%50%60%70%80%90%
CNI close · log5.0010.0020.0050.00100
200020052010201520202025

The deepest drawdowns on record#

Every decline of 15% or more from an all-time high (price basis), deepest first.

PeakTroughDepthPeak → troughRecovered byUnderwater
Jul 18, 2007Mar 9, 2009−48.6%1.6 yrsMar 16, 20102.7 yrs
Apr 22, 1998Oct 8, 1998−37.7%6 moMay 7, 199912 mo
Sep 18, 2014Jan 20, 2016−36.4%16 moApr 24, 20172.6 yrs
Jul 19, 1999Feb 24, 2000−36.0%7 moJan 31, 20011.5 yrs
Mar 30, 2022Nov 24, 2025−33.5%3.7 yrsnot yet4.5 yrs+
Mar 7, 2002Oct 7, 2002−31.2%7 moAug 12, 200317 mo
Jan 17, 2020Mar 23, 2020−29.5%2 moJul 22, 20206 mo
Aug 1, 2001Sep 26, 2001−24.6%56 daysDec 18, 20015 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 1996: how far Canadian National Railway Company stood below its all-time high, and the total return over the following 1, 5 and 10 years.

1950–19992000–today

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 Canadian National Railway Company from its all-time high?
Canadian National Railway Company is currently 10.9% below its all-time high, set Mar 30, 2022 (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 Canadian National Railway Company drawdown ever?
The deepest decline on record in our data (since 1996) took Canadian National Railway Company 48.6% below its prior high, bottoming Mar 9, 2009. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since -1 from CNI; no free deep history exists for Canadian National Railway 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.

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