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DIA drawdown: 3.6% below the all-time high (price)

From DIA's prices. Not supplied or endorsed by S&P Dow Jones Indices.

DIA is 3.6% below its all-time high, set Aug 5, 2026 (as of market close, Nov 13, 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
−3.6%
96.4% of ATH
All-time high
$542.81
Aug 5, 2026
Time below the high
3 mo
since Aug 5, 2026
Worst-ever drawdown
−53.8%
Mar 9, 2009
Longest underwater
6.7 yrs
between all-time highs
Today's level first reached
Jul 2, 2026
4 mo ago
Last time this deep
Apr 13, 2026
in a previous episode

% of all-time high since 1998: 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%40%50%60%70%80%90%
DIA close · log501002005001,000
20002002200420052006200820102012201420152016201820202022202420252026

The deepest drawdowns on record#

Data provided bySource: Twelve Data

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

PeakTroughDepthPeak → troughRecovered byUnderwater
Oct 9, 2007Mar 9, 2009−53.8%17 moMar 5, 20135.4 yrs
Jan 14, 2000Oct 9, 2002−37.8%2.7 yrsOct 4, 20066.7 yrs
Feb 12, 2020Mar 23, 2020−37.1%40 daysNov 16, 20209 mo
Jan 4, 2022Sep 30, 2022−21.9%9 moDec 13, 20231.9 yrs
Jul 17, 1998Aug 31, 1998−19.8%45 daysNov 23, 19984 mo
Oct 3, 2018Dec 24, 2018−18.6%3 moJun 20, 20199 mo
Dec 4, 2024Apr 8, 2025−16.5%4 moAug 22, 20259 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.

What happened next: forward returns by drawdown depth#

Data provided bySource: Twelve Data

For every month since 1998, how far DIA stood below its all-time high — and the total return (dividends reinvested) over the following 1, 5 and 10 years.

Starting pointMonthsMedian next 1yMedian next 5yMedian next 10y5y windows positive
At/near the high (0–1% off)134+11.3%+10.2%/yr+10.2%/yr98%
1–10% off the high144+8.5%+5.7%/yr+7.8%/yr94%
10–20% off37+10.4%+8.2%/yr+7.5%/yr100%
20–30% off21+19.6%+13.1%/yr+12.0%/yr100%
30–50% off11+22.3%+17.1%/yr+13.9%/yr100%

Every month as one dot

1950–19992000–today

Read this honestly: monthly windows overlap heavily (they are not independent samples), and the deep-drawdown buckets are dominated by a handful of episodes — history rhymes, it doesn't promise. This pattern is specific to a broad, survivorship-free index; individual stocks deep below their highs frequently never recover. Not investment advice.

FAQ#

How far is DIA from its all-time high?
DIA is currently 3.6% below its all-time high, set Aug 5, 2026 (as of market close, Nov 13, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
What was the biggest Dow drawdown ever?
The deepest decline on record in our data (since 1998) took DIA 53.8% below its prior high, bottoming Mar 9, 2009. The table on this page lists every major episode with its peak, trough and recovery date.
Are big drawdowns good times to buy?
Historically, deeper drawdowns have been followed by somewhat higher median long-run returns for broad indexes — but the sample of deep crashes is small, the windows overlap, and an index can keep falling long after any threshold. This holds for diversified indexes (which have always eventually recovered), not for individual stocks, which can stay down permanently. Nothing here is investment advice.

Methodology & related#

Daily data since 1998 from DIA, the Dow Jones Industrial Average's tracking fund; no free deep history exists for the Dow Jones Industrial Average — 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. Forward-return analysis uses the total-return series. See also returns by year. Past performance does not predict future returns; not investment advice.

More on Dow Jones

All 20 Dow Jones pages →Drawdown for: S&P 500 · S&P 500 Equal Weight · US Stock Market · Nasdaq-100Tracked by DIA

Sources

ChartRow is not affiliated with, sponsored by, or endorsed by S&P Dow Jones Indices LLC, S&P Global, Nasdaq, Inc., FTSE Russell, MSCI Inc., Robert Shiller, RSBB-I, LLC, or Yale University. "S&P 500®" and "S&P®" are registered trademarks of Standard & Poor's Financial Services LLC and "Dow Jones®" of Dow Jones Trademark Holdings LLC, both licensed to S&P Dow Jones Indices LLC; "Nasdaq-100®" is a registered trademark of Nasdaq, Inc.; "CAPE®" is a registered trademark of RSBB-I, LLC; all other index names are trademarks of their owners. They are used here only to identify those indexes and the funds that seek to track them. ChartRow receives no data from, and holds no licence from, any index provider: the holdings and weights shown start from the tracking fund's own holdings as reported in its public SEC filings, updated where noted for publicly announced index changes since the latest filing and rolled forward by ChartRow from daily prices, with any name added since the filing estimated from market cap; returns are the fund's own market prices; long-run S&P 500 history comes from public research datasets, Robert Shiller's and Aswath Damodaran's, credited where used. These figures are ChartRow's own estimates and computations from public filings, prices and research records, provided for information only and without warranty of accuracy; they are not the fund's or any index provider's official figures and may differ from them.