OKE drawdown: 20.4% below the all-time high
ONEOK Inc. (OKE) is 20.4% below its all-time high, set Nov 22, 2024 (as of market close, Jul 24, 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. "All-time" means since our price data begins (1980).
- Below all-time high
- −20.4%
- 79.6% of ATH
- All-time high
- $117.0
- Nov 22, 2024
- Time below the high
- 1.7 yrs
- since Nov 22, 2024
- Worst-ever drawdown
- −80.2%
- Mar 18, 2020
- Longest underwater
- 12.4 yrs
- between all-time highs
- Today's level first reached
- Sep 16, 2024
- 1.9 yrs ago
- Last time this deep
- Oct 4, 2023
- in a previous episode
% of all-time high since 1980#
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.
% of all-time high on the price basis — the all-time high considers the full history of OKE, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
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 |
|---|---|---|---|---|---|
| Feb 20, 2020 | Mar 18, 2020 | −80.2% | 27 days | Mar 5, 2024 | 4.0 yrs |
| Nov 19, 1980 | Apr 8, 1988 | −77.7% | 7.4 yrs | Mar 29, 1993 | 12.4 yrs |
| Sep 8, 2014 | Dec 18, 2015 | −73.3% | 15 mo | Jul 6, 2018 | 3.8 yrs |
| Jul 20, 2007 | Mar 9, 2009 | −66.8% | 1.6 yrs | Dec 21, 2010 | 3.4 yrs |
| Mar 23, 1998 | Feb 25, 2000 | −50.1% | 1.9 yrs | Dec 19, 2000 | 2.7 yrs |
| Nov 22, 2024 | Nov 4, 2025 | −45.1% | 11 mo | not yet | 1.7 yrs+ |
| Dec 28, 2000 | Sep 21, 2001 | −43.0% | 9 mo | Sep 24, 2004 | 3.7 yrs |
| Jun 30, 1993 | May 12, 1994 | −39.7% | 10 mo | Apr 22, 1996 | 2.8 yrs |
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 1980: how far OKE 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: OKE is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, 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 OKE from its all-time high?
- OKE is currently 20.4% below its all-time high, set Nov 22, 2024 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest OKE drawdown ever?
- The deepest decline on record in our data (since 1980) took the stock 80.2% below its prior high, bottoming Mar 18, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1980 (split-adjusted). "All-time" means since our price data begins — OKE may have traded earlier. For a 150-year index 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, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.