HWM drawdown: at its all-time high
Howmet Aerospace Inc. (HWM) is trading at its all-time high (as of market close, Jul 24, 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 (2016).
- Below all-time high
- at the high
- 100.0% of ATH
- All-time high
- $289.5
- Jul 24, 2026
- Time below the high
- 0 days
- since Jul 24, 2026
- Worst-ever drawdown
- −68.9%
- Apr 21, 2020
- Longest underwater
- 1.8 yrs
- between all-time highs
- Today's level first reached
- today
- a fresh record
% of all-time high since 2016#
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 HWM, 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 |
|---|---|---|---|---|---|
| Feb 19, 2020 | Apr 21, 2020 | −68.9% | 2 mo | May 27, 2021 | 15 mo |
| Jan 26, 2018 | Dec 24, 2018 | −47.7% | 11 mo | Nov 15, 2019 | 1.8 yrs |
| Feb 22, 2017 | Jun 27, 2017 | −28.5% | 4 mo | Jan 12, 2018 | 11 mo |
| Jun 8, 2021 | Dec 1, 2021 | −23.3% | 6 mo | Feb 16, 2022 | 8 mo |
| Aug 16, 2022 | Sep 30, 2022 | −20.1% | 45 days | Dec 2, 2022 | 4 mo |
| Feb 19, 2025 | Apr 4, 2025 | −19.4% | 44 days | May 1, 2025 | 2 mo |
| Jun 7, 2022 | Jun 23, 2022 | −18.0% | 16 days | Aug 8, 2022 | 2 mo |
| Mar 2, 2026 | Mar 30, 2026 | −15.9% | 28 days | May 7, 2026 | 2 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 2016: how far HWM 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: HWM 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 HWM from its all-time high?
- HWM is currently at (or within half a percent of) its all-time high, set Jul 24, 2026.
- What was the biggest HWM drawdown ever?
- The deepest decline on record in our data (since 2016) took the stock 68.9% below its prior high, bottoming Apr 21, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2016 (split-adjusted). "All-time" means since our price data begins — HWM 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.