Marsh drawdown: 28.4% below the all-time high
Marsh is 28.4% below its all-time high, set Apr 3, 2025 (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
- −28.4%
- 71.6% of ATH
- All-time high
- $244.27
- Apr 3, 2025
- Time below the high
- 18 mo
- since Apr 3, 2025
- Worst-ever drawdown
- −73.7%
- Mar 2, 2009
- Longest underwater
- 15.7 yrs
- between all-time highs
- Today's level first reached
- Apr 21, 2022
- 4.4 yrs ago
- Last time this deep
- Apr 3, 2020
- in a previous episode
% of all-time high since 1973#
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 5, 2000 | Mar 2, 2009 | −73.7% | 8.4 yrs | Jun 23, 2016 | 15.7 yrs |
| Oct 5, 1979 | Dec 8, 1980 | −60.9% | 14 mo | Jun 5, 1985 | 5.7 yrs |
| Aug 29, 1986 | Dec 10, 1987 | −41.1% | 15 mo | Oct 3, 1989 | 3.1 yrs |
| Oct 12, 1973 | Sep 3, 1974 | −39.7% | 11 mo | Mar 11, 1975 | 17 mo |
| Feb 18, 2020 | Mar 23, 2020 | −35.8% | 34 days | Mar 26, 2021 | 13 mo |
| Apr 3, 2025 | Jun 3, 2026 | −35.6% | 14 mo | not yet | 18 mo+ |
| Nov 3, 1989 | Sep 27, 1990 | −30.8% | 11 mo | Sep 24, 1992 | 2.9 yrs |
| Jul 16, 1998 | Oct 5, 1998 | −30.5% | 3 mo | Feb 11, 1999 | 7 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 1973: how far Marsh 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 Marsh from its all-time high?
- Marsh is currently 28.4% below its all-time high, set Apr 3, 2025 (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 Marsh drawdown ever?
- The deepest decline on record in our data (since 1973) took Marsh 73.7% below its prior high, bottoming Mar 2, 2009. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from MRSH; no free deep history exists for Marsh — 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.