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NVAX
$11.26-12.17%
as of close, Oct 16, 2026
☾ AH $11.26 -12.17%
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Novavax Inc. drawdown: 96.5% below the all-time high (price)

Novavax Inc. is 96.5% below its all-time high, set Feb 8, 2021 (as of market close, Oct 16, 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
−96.5%
3.5% of ATH
All-time high
$319.93
Feb 8, 2021
Time below the high
5.7 yrs
since Feb 8, 2021
Worst-ever drawdown
−98.8%
Feb 5, 2024
Longest underwater
19.3 yrs
between all-time highs
Today's level first reached
Dec 5, 1995
30.9 yrs ago
Last time this deep
Mar 20, 2020
in a previous episode

% of all-time high since 1995: 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%20%40%60%80%
NVAX close · log5.0020.00100
200020052010201520202025

The deepest drawdowns on record#

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

PeakTroughDepthPeak → troughRecovered byUnderwater
Feb 8, 2021Feb 5, 2024−98.8%3.0 yrsnot yet5.7 yrs+
Oct 9, 2001Nov 20, 2019−98.8%18.1 yrsFeb 8, 202119.3 yrs
Jun 10, 1996Sep 21, 1998−83.1%2.3 yrsFeb 8, 20003.7 yrs
Mar 8, 2000Apr 24, 2000−58.9%47 daysAug 3, 200117 mo
Dec 12, 1995Dec 19, 1995−30.3%7 daysJan 26, 199645 days
Sep 10, 2001Sep 21, 2001−28.3%11 daysOct 3, 200123 days
Feb 21, 1996Mar 15, 1996−18.4%23 daysMay 7, 19962 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 1995: how far Novavax 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 Novavax Inc. from its all-time high?
Novavax Inc. is currently 96.5% below its all-time high, set Feb 8, 2021 (as of market close, Oct 16, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
What was the biggest Novavax Inc. drawdown ever?
The deepest decline on record in our data (since 1995) took Novavax Inc. 98.8% below its prior high, bottoming Feb 5, 2024. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since -1 from NVAX; no free deep history exists for Novavax 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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