HSBC Holdings plc. drawdown: 5.6% below the all-time high
HSBC Holdings plc. is 5.6% below its all-time high, set Aug 3, 2026 (as of market close, Sep 18, 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
- −5.6%
- 94.4% of ATH
- All-time high
- $107.86
- Aug 3, 2026
- Time below the high
- 46 days
- since Aug 3, 2026
- Worst-ever drawdown
- −81.8%
- Sep 25, 2020
- Longest underwater
- 18.7 yrs
- between all-time highs
- Today's level first reached
- Jul 22, 2026
- 58 days ago
- Last time this deep
- Jun 26, 2026
- in a previous episode
% of all-time high since 1999#
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 |
|---|---|---|---|---|---|
| Oct 31, 2007 | Sep 25, 2020 | −81.8% | 12.9 yrs | Jul 15, 2026 | 18.7 yrs |
| Jan 26, 2001 | Sep 21, 2001 | −43.9% | 8 mo | Jan 5, 2004 | 2.9 yrs |
| Dec 31, 1999 | May 25, 2000 | −24.0% | 5 mo | Aug 10, 2000 | 7 mo |
| Aug 23, 1999 | Oct 18, 1999 | −15.8% | 56 days | Nov 12, 1999 | 3 mo |
| Feb 17, 2004 | May 17, 2004 | −15.1% | 3 mo | Nov 3, 2004 | 9 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 1999: how far HSBC Holdings plc. 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 HSBC Holdings plc. from its all-time high?
- HSBC Holdings plc. is currently 5.6% below its all-time high, set Aug 3, 2026 (as of market close, Sep 18, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest HSBC Holdings plc. drawdown ever?
- The deepest decline on record in our data (since 1999) took HSBC Holdings plc. 81.8% below its prior high, bottoming Sep 25, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from HSBC; no free deep history exists for HSBC Holdings plc. — 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.