EWO drawdown: at its all-time high
iShares MSCI Austria ETF (EWO) is trading at its all-time high (as of market close, Aug 6, 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 (1996).
- Below all-time high
- at the high
- 100.0% of ATH
- All-time high
- $44.26
- Aug 6, 2026
- Time below the high
- 0 days
- since Aug 6, 2026
- Worst-ever drawdown
- −77.2%
- Mar 9, 2009
- Longest underwater
- 19.0 yrs
- between all-time highs
- Today's level first reached
- today
- a fresh record
% of all-time high since 1996#
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 EWO, 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 |
|---|---|---|---|---|---|
| Jun 4, 2007 | Mar 9, 2009 | −77.2% | 1.8 yrs | Jun 12, 2026 | 19.0 yrs |
| May 26, 1998 | Oct 30, 2001 | −51.9% | 3.4 yrs | Jan 5, 2004 | 5.6 yrs |
| May 5, 2006 | Jun 13, 2006 | −23.6% | 39 days | Nov 29, 2006 | 7 mo |
| Jun 12, 1996 | Sep 13, 1996 | −15.1% | 3 mo | Oct 6, 1997 | 16 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 EWO 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: EWO 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 EWO from its all-time high?
- EWO is currently at (or within half a percent of) its all-time high, set Aug 6, 2026.
- What was the biggest EWO drawdown ever?
- The deepest decline on record in our data (since 1996) took the stock 77.2% 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 closing prices since 1996 (split-adjusted). "All-time" means since our price data begins — EWO 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.