Not the Nasdaq stock index — NDAQ is Nasdaq, Inc., the exchange operator that runs the Nasdaq stock market. Looking for the Nasdaq-100 index?
NDAQ drawdown: 7.0% below the all-time high
Nasdaq Inc. (NDAQ) is 7.0% below its all-time high, set Jan 16, 2026 (as of market close, Jul 27, 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 (2002).
- Below all-time high
- −7.0%
- 93.0% of ATH
- All-time high
- $101.0
- Jan 16, 2026
- Time below the high
- 6 mo
- since Jan 16, 2026
- Worst-ever drawdown
- −68.5%
- Nov 20, 2008
- Longest underwater
- 7.2 yrs
- between all-time highs
- Today's level first reached
- Jul 25, 2025
- 12 mo ago
- Last time this deep
- Dec 8, 2025
- in a previous episode
% of all-time high since 2002#
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 NDAQ, 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 |
|---|---|---|---|---|---|
| Dec 26, 2007 | Nov 20, 2008 | −68.5% | 11 mo | Feb 19, 2015 | 7.2 yrs |
| Jul 11, 2002 | Apr 16, 2003 | −66.1% | 9 mo | May 6, 2005 | 2.8 yrs |
| Jan 30, 2006 | Jun 13, 2006 | −48.0% | 4 mo | Oct 31, 2007 | 1.7 yrs |
| Feb 4, 2020 | Mar 23, 2020 | −38.6% | 48 days | Jun 1, 2020 | 4 mo |
| Nov 5, 2021 | Oct 3, 2023 | −33.4% | 1.9 yrs | Aug 27, 2024 | 2.8 yrs |
| Jan 16, 2026 | Jun 29, 2026 | −23.9% | 5 mo | not yet | 6 mo+ |
| Nov 25, 2005 | Dec 30, 2005 | −21.3% | 35 days | Jan 30, 2006 | 2 mo |
| Feb 6, 2025 | Apr 8, 2025 | −20.7% | 2 mo | Jun 2, 2025 | 4 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 2002: how far NDAQ 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: NDAQ 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 NDAQ from its all-time high?
- NDAQ is currently 7.0% below its all-time high, set Jan 16, 2026 (as of market close, Jul 27, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest NDAQ drawdown ever?
- The deepest decline on record in our data (since 2002) took the stock 68.5% below its prior high, bottoming Nov 20, 2008. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2002 (split-adjusted). "All-time" means since our price data begins — NDAQ 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.