Novartis AG drawdown: 16.8% below the all-time high
Novartis AG is 16.8% below its all-time high, set Feb 27, 2026 (as of market close, Sep 18, 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
- −16.8%
- 83.2% of ATH
- All-time high
- $168.62
- Feb 27, 2026
- Time below the high
- 7 mo
- since Feb 27, 2026
- Worst-ever drawdown
- −44.5%
- Mar 3, 2009
- Longest underwater
- 6.8 yrs
- between all-time highs
- Today's level first reached
- Jan 6, 2026
- 8 mo ago
- Last time this deep
- Jan 24, 2025
- in a previous episode
% of all-time high since 1996#
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 |
|---|---|---|---|---|---|
| Nov 7, 2006 | Mar 3, 2009 | −44.5% | 2.3 yrs | May 18, 2011 | 4.5 yrs |
| Jan 7, 1999 | Mar 13, 2000 | −42.7% | 14 mo | Oct 18, 2005 | 6.8 yrs |
| Jul 20, 2015 | Dec 8, 2016 | −36.3% | 17 mo | Dec 27, 2019 | 4.4 yrs |
| Feb 12, 2020 | Mar 23, 2020 | −28.6% | 40 days | Apr 21, 2023 | 3.2 yrs |
| Mar 3, 1998 | Oct 5, 1998 | −22.3% | 7 mo | Nov 12, 1998 | 8 mo |
| May 31, 2011 | Jun 5, 2012 | −20.2% | 12 mo | Jan 8, 2013 | 1.6 yrs |
| Aug 30, 2024 | Dec 19, 2024 | −20.0% | 4 mo | Jun 30, 2025 | 10 mo |
| Feb 27, 2026 | Sep 11, 2026 | −18.7% | 6 mo | not yet | 7 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 1996: how far Novartis AG 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 Novartis AG from its all-time high?
- Novartis AG is currently 16.8% below its all-time high, set Feb 27, 2026 (as of market close, Sep 18, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Novartis AG drawdown ever?
- The deepest decline on record in our data (since 1996) took Novartis AG 44.5% below its prior high, bottoming Mar 3, 2009. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from NVS; no free deep history exists for Novartis AG — 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.