FWONK drawdown: 4.3% below the all-time high
Liberty Media Corporation Series C Liberty Formula One (FWONK) is 4.3% below its all-time high, set Oct 6, 2025 (as of market close, Aug 13, 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 (2014).
- Below all-time high
- −4.3%
- 95.7% of ATH
- All-time high
- $108.3
- Oct 6, 2025
- Time below the high
- 10 mo
- since Oct 6, 2025
- Worst-ever drawdown
- −57.7%
- Mar 16, 2020
- Longest underwater
- 1.8 yrs
- between all-time highs
- Today's level first reached
- Jun 23, 2025
- 14 mo ago
- Last time this deep
- Sep 16, 2025
- in a previous episode
% of all-time high since 2014#
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 FWONK, 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 |
|---|---|---|---|---|---|
| Jan 22, 2020 | Mar 16, 2020 | −57.7% | 54 days | Jun 25, 2021 | 17 mo |
| Nov 12, 2015 | Jun 27, 2016 | −40.1% | 7 mo | Nov 14, 2016 | 12 mo |
| Oct 5, 2017 | Dec 24, 2018 | −31.8% | 15 mo | Aug 8, 2019 | 1.8 yrs |
| Oct 6, 2025 | Mar 20, 2026 | −24.8% | 5 mo | not yet | 10 mo+ |
| Feb 13, 2025 | Apr 11, 2025 | −24.5% | 57 days | Jun 20, 2025 | 4 mo |
| Apr 1, 2022 | Nov 4, 2022 | −23.2% | 7 mo | Jan 20, 2023 | 10 mo |
| Jun 15, 2023 | Sep 27, 2023 | −21.8% | 3 mo | Jul 16, 2024 | 13 mo |
| Mar 3, 2015 | Sep 29, 2015 | −15.8% | 7 mo | Nov 12, 2015 | 8 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 2014: how far FWONK 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: FWONK 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 FWONK from its all-time high?
- FWONK is currently 4.3% below its all-time high, set Oct 6, 2025 (as of market close, Aug 13, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest FWONK drawdown ever?
- The deepest decline on record in our data (since 2014) took the stock 57.7% below its prior high, bottoming Mar 16, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2014 (split-adjusted). "All-time" means since our price data begins — FWONK 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.