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Dynex Capital Inc. drawdown: 94.3% below the all-time high (price)

Dynex Capital Inc. is 94.3% below its all-time high, set Oct 21, 1993 (as of market close, Oct 20, 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
−94.3%
5.7% of ATH
All-time high
$193.5
Oct 21, 1993
Time below the high
33.0 yrs
since Oct 21, 1993
Worst-ever drawdown
−99.3%
Aug 22, 2000
Longest underwater
33.0 yrs
between all-time highs
Today's level first reached
Jun 30, 1989
37.3 yrs ago
Last time this deep
never before
no prior −94.3% episode

% of all-time high since 1989: 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%20%40%60%80%
DX close · log2.0010.0050.00
19901995200020052010201520202025

The deepest drawdowns on record#

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

PeakTroughDepthPeak → troughRecovered byUnderwater
Oct 21, 1993Aug 22, 2000−99.3%6.8 yrsnot yet33.0 yrs+
Jul 20, 1989Dec 19, 1989−42.9%5 moMar 14, 19908 mo
Oct 29, 1991Jan 8, 1992−27.2%2 moApr 22, 19926 mo
Jul 26, 1990Aug 22, 1990−15.8%27 daysSep 13, 199049 days
Sep 20, 1990Sep 27, 1990−15.4%7 daysNov 14, 199055 days

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 Dynex Capital Inc. 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 Dynex Capital Inc. from its all-time high?
Dynex Capital Inc. is currently 94.3% below its all-time high, set Oct 21, 1993 (as of market close, Oct 20, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
What was the biggest Dynex Capital Inc. drawdown ever?
The deepest decline on record in our data (since 1989) took Dynex Capital Inc. 99.3% below its prior high, bottoming Aug 22, 2000. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since -1 from DX; no free deep history exists for Dynex Capital 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.

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