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as of close, Oct 20, 2026
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Heritage Financial Corporation drawdown: 25.3% below the all-time high (price)

Heritage Financial Corporation is 25.3% below its all-time high, set Jul 23, 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
−25.3%
74.7% of ATH
All-time high
$37.3
Jul 23, 2018
Time below the high
8.2 yrs
since Jul 23, 2018
Worst-ever drawdown
−69.0%
Mar 9, 2009
Longest underwater
11.5 yrs
between all-time highs
Today's level first reached
Mar 7, 2006
20.6 yrs ago
Last time this deep
Nov 14, 2016
in a previous episode

% of all-time high since 1998: 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%40%60%80%
HFWA close · log10.0020.00
200020052010201520202025

The deepest drawdowns on record#

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

PeakTroughDepthPeak → troughRecovered byUnderwater
Apr 4, 2006Mar 9, 2009−69.0%2.9 yrsSep 27, 201711.5 yrs
Jul 23, 2018May 12, 2023−59.1%4.8 yrsnot yet8.2 yrs+
May 13, 1998Apr 17, 2000−55.1%1.9 yrsJun 11, 20024.1 yrs
Apr 3, 2003Jun 25, 2004−25.4%15 moDec 12, 20052.7 yrs

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 1998: how far Heritage Financial Corporation 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 Heritage Financial Corporation from its all-time high?
Heritage Financial Corporation is currently 25.3% below its all-time high, set Jul 23, 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 Heritage Financial Corporation drawdown ever?
The deepest decline on record in our data (since 1998) took Heritage Financial Corporation 69.0% 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 data since -1 from HFWA; no free deep history exists for Heritage Financial Corporation — 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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