Freeport-McMoRan Inc. drawdown: 11.1% below the all-time high
Freeport-McMoRan Inc. is 11.1% below its all-time high, set Aug 25, 2026 (as of market close, Sep 11, 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.
- Below all-time high
- −11.1%
- 88.9% of ATH
- All-time high
- $79.91
- Aug 25, 2026
- Time below the high
- 17 days
- since Aug 25, 2026
- Worst-ever drawdown
- −94.1%
- Jan 13, 2016
- Longest underwater
- 17.7 yrs
- between all-time highs
- Today's level first reached
- Jun 2, 2026
- 3 mo ago
- Last time this deep
- Aug 3, 2026
- in a previous episode
% of all-time high since 1995#
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.
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 |
|---|---|---|---|---|---|
| May 20, 2008 | Jan 13, 2016 | −94.1% | 7.6 yrs | Jan 28, 2026 | 17.7 yrs |
| May 16, 1996 | Nov 17, 2000 | −81.3% | 4.5 yrs | Oct 7, 2003 | 7.4 yrs |
| Apr 19, 2006 | Jun 13, 2006 | −39.3% | 55 days | May 7, 2007 | 13 mo |
| Dec 8, 2003 | May 13, 2004 | −38.6% | 5 mo | Sep 26, 2005 | 1.8 yrs |
| Oct 29, 2007 | Jan 23, 2008 | −34.4% | 3 mo | Apr 22, 2008 | 6 mo |
| Jul 20, 2007 | Aug 16, 2007 | −26.2% | 27 days | Sep 18, 2007 | 2 mo |
| Feb 1, 2006 | Mar 9, 2006 | −24.8% | 36 days | Apr 6, 2006 | 2 mo |
| Feb 25, 2026 | Mar 20, 2026 | −24.3% | 23 days | Apr 17, 2026 | 51 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 1995: how far Freeport-McMoRan Inc. 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: 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 Freeport-McMoRan Inc. from its all-time high?
- Freeport-McMoRan Inc. is currently 11.1% below its all-time high, set Aug 25, 2026 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Freeport-McMoRan Inc. drawdown ever?
- The deepest decline on record in our data (since 1995) took Freeport-McMoRan Inc. 94.1% below its prior high, bottoming Jan 13, 2016. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from FCX; no free deep history exists for Freeport-McMoRan 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.