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Not the Nasdaq stock index — NDAQ is Nasdaq, Inc., the exchange operator that runs the Nasdaq stock market. Looking for the Nasdaq-100 index?

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Nasdaq Inc. drawdown: at its all-time high (price)

Nasdaq Inc. is trading at its all-time high (as of market close, Oct 27, 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
at the high
99.7% of ATH
All-time high
$104.72
Oct 26, 2026
Time below the high
0 days
since Oct 26, 2026
Worst-ever drawdown
−68.5%
Nov 20, 2008
Longest underwater
7.2 yrs
between all-time highs
Today's level first reached
Oct 26, 2026
1 days ago

% of all-time high since 2002: 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.

Basis
Range
All-time high = 100%40%60%80%
NDAQ close · log2.0010.0050.00
20052010201520202025

The deepest drawdowns on record#

Every decline of 15% or more from an all-time high (price basis), deepest first.

PeakTroughDepthPeak → troughRecovered byUnderwater
Dec 26, 2007Nov 20, 2008−68.5%11 moFeb 19, 20157.2 yrs
Jul 11, 2002Apr 16, 2003−66.1%9 moMay 6, 20052.8 yrs
Jan 30, 2006Jun 13, 2006−48.0%4 moOct 31, 20071.7 yrs
Feb 4, 2020Mar 23, 2020−38.6%48 daysJun 1, 20204 mo
Nov 5, 2021Oct 3, 2023−33.4%1.9 yrsAug 27, 20242.8 yrs
Jan 16, 2026Jun 29, 2026−23.9%5 moOct 22, 20269 mo
Nov 25, 2005Dec 30, 2005−21.3%35 daysJan 30, 20062 mo
Feb 6, 2025Apr 8, 2025−20.7%2 moJun 2, 20254 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.

1950–19992000–today

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 at (or within half a percent of) its all-time high, set Oct 26, 2026.
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.

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