Not the Nasdaq stock index — NDAQ is Nasdaq, Inc., the exchange operator that runs the Nasdaq stock market. Looking for the Nasdaq-100 index?
Nasdaq Inc. drawdown: 9.7% below the all-time high
Nasdaq Inc. is 9.7% below its all-time high, set Jan 16, 2026 (as of market close, Sep 11, 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
- −9.7%
- 90.3% of ATH
- All-time high
- $100.98
- Jan 16, 2026
- Time below the high
- 8 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 24, 2025
- 14 mo ago
- Last time this deep
- Nov 20, 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. 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 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 | 8 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 Nasdaq Inc. 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 Nasdaq Inc. from its all-time high?
- Nasdaq Inc. is currently 9.7% below its all-time high, set Jan 16, 2026 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Nasdaq Inc. drawdown ever?
- The deepest decline on record in our data (since 2002) took Nasdaq Inc. 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 data since -1 from NDAQ; no free deep history exists for Nasdaq Inc. — 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.