Merchants Bancorp drawdown: 13.1% below the all-time high (price)
Merchants Bancorp is 13.1% below its all-time high, set Aug 3, 2026 (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
- −13.1%
- 86.9% of ATH
- All-time high
- $55.72
- Aug 3, 2026
- Time below the high
- 3 mo
- since Aug 3, 2026
- Worst-ever drawdown
- −54.9%
- Apr 15, 2020
- Longest underwater
- 2.5 yrs
- between all-time highs
- Today's level first reached
- Jul 18, 2024
- 2.3 yrs ago
- Last time this deep
- Jun 3, 2026
- in a previous episode
% of all-time high since 2017: 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 |
|---|---|---|---|---|---|
| Jun 20, 2018 | Apr 15, 2020 | −54.9% | 1.8 yrs | Dec 15, 2020 | 2.5 yrs |
| Jul 26, 2024 | Aug 1, 2025 | −44.5% | 12 mo | Jul 29, 2026 | 2.0 yrs |
| Jan 14, 2022 | Jul 14, 2022 | −33.9% | 6 mo | Nov 17, 2023 | 1.8 yrs |
| May 6, 2021 | Aug 19, 2021 | −22.5% | 3 mo | Nov 1, 2021 | 6 mo |
| May 13, 2024 | Jun 14, 2024 | −18.0% | 32 days | Jul 16, 2024 | 2 mo |
| Jan 30, 2024 | Apr 17, 2024 | −17.9% | 3 mo | May 3, 2024 | 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 2017: how far Merchants Bancorp 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 Merchants Bancorp from its all-time high?
- Merchants Bancorp is currently 13.1% below its all-time high, set Aug 3, 2026 (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 Merchants Bancorp drawdown ever?
- The deepest decline on record in our data (since 2017) took Merchants Bancorp 54.9% below its prior high, bottoming Apr 15, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from MBIN; no free deep history exists for Merchants Bancorp — 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.