EQR drawdown: 27.2% below the all-time high
Equity Residential Common Shares of Beneficial Interest (EQR) is 27.2% below its all-time high, set Apr 21, 2022 (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 (1993).
- Below all-time high
- −27.2%
- 72.8% of ATH
- All-time high
- $93.24
- Apr 21, 2022
- Time below the high
- 4.3 yrs
- since Apr 21, 2022
- Worst-ever drawdown
- −70.3%
- Mar 5, 2009
- Longest underwater
- 4.3 yrs
- between all-time highs
- Today's level first reached
- Jan 23, 2015
- 11.5 yrs ago
- Last time this deep
- Feb 4, 2021
- in a previous episode
% of all-time high since 1993#
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 EQR, 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 |
|---|---|---|---|---|---|
| Feb 6, 2007 | Mar 5, 2009 | −70.3% | 2.1 yrs | Mar 31, 2011 | 4.1 yrs |
| Oct 30, 2019 | Oct 28, 2020 | −48.0% | 12 mo | Dec 15, 2021 | 2.1 yrs |
| Apr 21, 2022 | Nov 1, 2023 | −43.0% | 1.5 yrs | not yet | 4.3 yrs+ |
| Oct 1, 1997 | Sep 14, 1998 | −36.3% | 11 mo | Dec 27, 2000 | 3.2 yrs |
| Oct 15, 1993 | Apr 20, 1995 | −31.0% | 1.5 yrs | Oct 3, 1996 | 3.0 yrs |
| Apr 12, 2002 | Oct 9, 2002 | −29.1% | 6 mo | Aug 18, 2004 | 2.4 yrs |
| Mar 29, 2016 | Feb 8, 2018 | −23.0% | 1.9 yrs | Dec 3, 2018 | 2.7 yrs |
| Jul 17, 2012 | Aug 19, 2013 | −22.9% | 13 mo | Jul 22, 2014 | 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 1993: how far EQR 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: EQR 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 EQR from its all-time high?
- EQR is currently 27.2% below its all-time high, set Apr 21, 2022 (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 EQR drawdown ever?
- The deepest decline on record in our data (since 1993) took the stock 70.3% below its prior high, bottoming Mar 5, 2009. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1993 (split-adjusted). "All-time" means since our price data begins — EQR 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.