NetEase Inc. American Depositary Shares drawdown: 24.3% below the all-time high
NetEase Inc. American Depositary Shares is 24.3% below its all-time high, set Sep 17, 2025 (as of market close, Oct 1, 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
- −24.3%
- 75.7% of ATH
- All-time high
- $159.34
- Sep 17, 2025
- Time below the high
- 12 mo
- since Sep 17, 2025
- Worst-ever drawdown
- −96.4%
- Jul 25, 2001
- Longest underwater
- 4.3 yrs
- between all-time highs
- Today's level first reached
- Jan 25, 2021
- 5.7 yrs ago
- Last time this deep
- Apr 21, 2025
- in a previous episode
% of all-time high since 2000#
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 |
|---|---|---|---|---|---|
| Jul 6, 2000 | Jul 25, 2001 | −96.4% | 13 mo | Jan 6, 2003 | 2.5 yrs |
| Feb 11, 2021 | Oct 28, 2022 | −58.2% | 1.7 yrs | Jun 11, 2025 | 4.3 yrs |
| Oct 10, 2003 | Aug 13, 2004 | −57.3% | 10 mo | Aug 3, 2005 | 1.8 yrs |
| Dec 21, 2017 | Sep 10, 2018 | −49.3% | 9 mo | May 14, 2020 | 2.4 yrs |
| Mar 30, 2006 | Aug 16, 2007 | −43.7% | 17 mo | May 16, 2008 | 2.1 yrs |
| Jan 21, 2003 | Mar 10, 2003 | −42.2% | 48 days | Apr 7, 2003 | 2 mo |
| Aug 25, 2008 | Nov 19, 2008 | −41.8% | 3 mo | Apr 3, 2009 | 7 mo |
| Jun 19, 2012 | Dec 10, 2012 | −41.8% | 6 mo | May 30, 2013 | 11 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 2000: how far NetEase Inc. American Depositary Shares 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 NetEase Inc. American Depositary Shares from its all-time high?
- NetEase Inc. American Depositary Shares is currently 24.3% below its all-time high, set Sep 17, 2025 (as of market close, Oct 1, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest NetEase Inc. American Depositary Shares drawdown ever?
- The deepest decline on record in our data (since 2000) took NetEase Inc. American Depositary Shares 96.4% below its prior high, bottoming Jul 25, 2001. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from NTES; no free deep history exists for NetEase Inc. American Depositary Shares — 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.