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$21.41-2.42%
as of close, Oct 20, 2026
☾ AH $21.41 -2.42%
Fresenius Medical Care AG American Depositary Shares (Each representing 1/2 of an Ordinary Share)Stock · Healthcare
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Fresenius Medical Care AG American Depositary Shares (Each representing 1/2 of an Ordinary Share) drawdown: 62.8% below the all-time high (price)

Fresenius Medical Care AG American Depositary Shares (Each representing 1/2 of an Ordinary Share) is 62.8% below its all-time high, set Jan 31, 2018 (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
−62.8%
37.2% of ATH
All-time high
$57.51
Jan 31, 2018
Time below the high
8.7 yrs
since Jan 31, 2018
Worst-ever drawdown
−78.4%
Sep 19, 2002
Longest underwater
8.7 yrs
between all-time highs
Today's level first reached
Aug 17, 2006
20.2 yrs ago
Last time this deep
Nov 27, 2002
in a previous episode

% of all-time high since 1996: 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%
FMS close · log5.0010.0020.0050.00
200020052010201520202025

The deepest drawdowns on record#

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

PeakTroughDepthPeak → troughRecovered byUnderwater
Mar 21, 1997Sep 19, 2002−78.4%5.5 yrsDec 9, 20058.7 yrs
Jan 31, 2018Oct 10, 2022−77.7%4.7 yrsnot yet8.7 yrs+
Jul 10, 2008Mar 20, 2009−39.6%8 moSep 24, 20102.2 yrs
Jul 26, 2011Jul 5, 2013−22.4%1.9 yrsFeb 27, 20153.6 yrs
Jan 10, 2008Mar 19, 2008−20.2%2 moJul 10, 20086 mo
Aug 9, 2016Dec 1, 2016−19.1%4 moMay 31, 201710 mo
May 2, 2006Jun 13, 2006−16.6%42 daysAug 3, 20063 mo
Nov 14, 1996Dec 24, 1996−16.1%40 daysMar 5, 19974 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 Fresenius Medical Care AG American Depositary Shares (Each representing 1/2 of an Ordinary Share) 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 Fresenius Medical Care AG American Depositary Shares (Each representing 1/2 of an Ordinary Share) from its all-time high?
Fresenius Medical Care AG American Depositary Shares (Each representing 1/2 of an Ordinary Share) is currently 62.8% below its all-time high, set Jan 31, 2018 (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 Fresenius Medical Care AG American Depositary Shares (Each representing 1/2 of an Ordinary Share) drawdown ever?
The deepest decline on record in our data (since 1996) took Fresenius Medical Care AG American Depositary Shares (Each representing 1/2 of an Ordinary Share) 78.4% below its prior high, bottoming Sep 19, 2002. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since -1 from FMS; no free deep history exists for Fresenius Medical Care AG American Depositary Shares (Each representing 1/2 of an Ordinary Share) — 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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