EW drawdown: 36.8% below the all-time high
Edwards Lifesciences Corporation (EW) is 36.8% below its all-time high, set Dec 30, 2021 (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 (2000).
- Below all-time high
- −36.8%
- 63.2% of ATH
- All-time high
- $130.7
- Dec 30, 2021
- Time below the high
- 4.6 yrs
- since Dec 30, 2021
- Worst-ever drawdown
- −54.3%
- Jul 25, 2024
- Longest underwater
- 4.6 yrs
- between all-time highs
- Today's level first reached
- Aug 27, 2020
- 5.9 yrs ago
- Last time this deep
- Mar 3, 2014
- in a previous episode
% of all-time high since 2000#
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 EW, 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 |
|---|---|---|---|---|---|
| Dec 30, 2021 | Jul 25, 2024 | −54.3% | 2.6 yrs | not yet | 4.6 yrs+ |
| Aug 31, 2000 | Nov 1, 2000 | −50.5% | 2 mo | Jun 29, 2001 | 10 mo |
| Oct 4, 2012 | Dec 13, 2013 | −44.0% | 14 mo | Oct 24, 2014 | 2.1 yrs |
| Feb 11, 2002 | Jul 23, 2002 | −37.1% | 5 mo | May 7, 2003 | 15 mo |
| Nov 27, 2019 | Mar 23, 2020 | −36.2% | 4 mo | Aug 27, 2020 | 9 mo |
| Oct 10, 2016 | Dec 1, 2016 | −32.9% | 52 days | Jan 18, 2018 | 15 mo |
| Jul 18, 2008 | Nov 20, 2008 | −32.0% | 4 mo | Jun 2, 2009 | 10 mo |
| Mar 9, 2011 | Nov 25, 2011 | −31.6% | 9 mo | Jun 14, 2012 | 15 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 2000: how far EW 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: EW 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 EW from its all-time high?
- EW is currently 36.8% below its all-time high, set Dec 30, 2021 (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 EW drawdown ever?
- The deepest decline on record in our data (since 2000) took the stock 54.3% below its prior high, bottoming Jul 25, 2024. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2000 (split-adjusted). "All-time" means since our price data begins — EW 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.