HMY drawdown: 25.3% below the all-time high
Harmony Gold Mining Company Limited (HMY) is 25.3% below its all-time high, set Jan 28, 2026 (as of market close, Aug 14, 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 (1994).
- Below all-time high
- −25.3%
- 74.7% of ATH
- All-time high
- $26.04
- Jan 28, 2026
- Time below the high
- 7 mo
- since Jan 28, 2026
- Worst-ever drawdown
- −97.2%
- Nov 20, 2015
- Longest underwater
- 23.4 yrs
- between all-time highs
- Today's level first reached
- Oct 13, 2025
- 10 mo ago
- Last time this deep
- Nov 20, 2025
- in a previous episode
% of all-time high since 1994#
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 HMY, 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 |
|---|---|---|---|---|---|
| May 28, 2002 | Nov 20, 2015 | −97.2% | 13.5 yrs | Oct 13, 2025 | 23.4 yrs |
| Apr 3, 1996 | Jan 8, 1998 | −84.8% | 1.8 yrs | Apr 11, 2002 | 6.0 yrs |
| Jan 28, 2026 | Mar 20, 2026 | −48.8% | 51 days | not yet | 7 mo+ |
| Oct 27, 1994 | Sep 28, 1995 | −34.9% | 11 mo | Feb 14, 1996 | 16 mo |
| Oct 16, 2025 | Nov 4, 2025 | −30.6% | 19 days | Jan 12, 2026 | 3 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 1994: how far HMY 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: HMY 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 HMY from its all-time high?
- HMY is currently 25.3% below its all-time high, set Jan 28, 2026 (as of market close, Aug 14, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest HMY drawdown ever?
- The deepest decline on record in our data (since 1994) took the stock 97.2% below its prior high, bottoming Nov 20, 2015. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1994 (split-adjusted). "All-time" means since our price data begins — HMY 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.