MarketAxess drawdown: 72.2% below the all-time high
MarketAxess is 72.2% below its all-time high, set Dec 22, 2020 (as of market close, Sep 30, 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
- −72.2%
- 27.8% of ATH
- All-time high
- $590.32
- Dec 22, 2020
- Time below the high
- 5.8 yrs
- since Dec 22, 2020
- Worst-ever drawdown
- −81.5%
- Jun 25, 2026
- Longest underwater
- 6.3 yrs
- between all-time highs
- Today's level first reached
- Aug 15, 2016
- 10.1 yrs ago
- Last time this deep
- Mar 5, 2009
- in a previous episode
% of all-time high since 2004#
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 |
|---|---|---|---|---|---|
| Dec 22, 2020 | Jun 25, 2026 | −81.5% | 5.5 yrs | not yet | 5.8 yrs+ |
| Nov 22, 2004 | Oct 17, 2008 | −80.6% | 3.9 yrs | Mar 8, 2011 | 6.3 yrs |
| Sep 6, 2019 | Mar 23, 2020 | −32.9% | 7 mo | Apr 16, 2020 | 7 mo |
| Nov 21, 2013 | Jul 11, 2014 | −32.7% | 8 mo | Dec 18, 2014 | 13 mo |
| Mar 28, 2012 | Jun 28, 2012 | −30.6% | 3 mo | Jan 29, 2013 | 10 mo |
| Mar 16, 2018 | Oct 1, 2018 | −22.6% | 7 mo | Dec 7, 2018 | 9 mo |
| Aug 29, 2011 | Oct 3, 2011 | −20.1% | 35 days | Nov 3, 2011 | 2 mo |
| Jul 9, 2020 | Sep 18, 2020 | −20.0% | 2 mo | Oct 20, 2020 | 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 2004: how far MarketAxess 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 MarketAxess from its all-time high?
- MarketAxess is currently 72.2% below its all-time high, set Dec 22, 2020 (as of market close, Sep 30, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest MarketAxess drawdown ever?
- The deepest decline on record in our data (since 2004) took MarketAxess 81.5% below its prior high, bottoming Jun 25, 2026. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from MKTX; no free deep history exists for MarketAxess — 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.