iShares Gold Trust drawdown: 22.9% below the all-time high (price)
IShares Gold Trust is 22.9% below its all-time high, set Jan 29, 2026 (as of market close, Oct 16, 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
- −22.9%
- 77.1% of ATH
- All-time high
- $101.57
- Jan 29, 2026
- Time below the high
- 9 mo
- since Jan 29, 2026
- Worst-ever drawdown
- −45.1%
- Dec 2, 2015
- Longest underwater
- 8.9 yrs
- between all-time highs
- Today's level first reached
- Oct 15, 2025
- 12 mo ago
- Last time this deep
- Mar 20, 2020
- in a previous episode
% of all-time high since 2005: 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.
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 |
|---|---|---|---|---|---|
| Aug 22, 2011 | Dec 2, 2015 | −45.1% | 4.3 yrs | Jul 27, 2020 | 8.9 yrs |
| Mar 17, 2008 | Nov 12, 2008 | −29.2% | 8 mo | Sep 16, 2009 | 18 mo |
| Jan 29, 2026 | Jul 16, 2026 | −26.4% | 6 mo | not yet | 9 mo+ |
| May 11, 2006 | Jun 14, 2006 | −22.0% | 34 days | Sep 18, 2007 | 16 mo |
| Aug 6, 2020 | Sep 26, 2022 | −21.8% | 2.1 yrs | Mar 4, 2024 | 3.6 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 2005: how far iShares Gold Trust 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 iShares Gold Trust from its all-time high?
- iShares Gold Trust is currently 22.9% below its all-time high, set Jan 29, 2026 (as of market close, Oct 16, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest iShares Gold Trust drawdown ever?
- The deepest decline on record in our data (since 2005) took iShares Gold Trust 45.1% below its prior high, bottoming Dec 2, 2015. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from IAU; no free deep history exists for iShares Gold Trust — 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.