ONB drawdown: 2.3% below the all-time high
Old National Bancorp (ONB) is 2.3% below its all-time high, set Dec 21, 1998 (as of market close, Aug 13, 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 (1984).
- Below all-time high
- −2.3%
- 97.7% of ATH
- All-time high
- $27.72
- Dec 21, 1998
- Time below the high
- 27.6 yrs
- since Dec 21, 1998
- Worst-ever drawdown
- −68.7%
- Aug 19, 2011
- Longest underwater
- 27.6 yrs
- between all-time highs
- Today's level first reached
- Dec 21, 1998
- 27.6 yrs ago
- Last time this deep
- Dec 15, 1998
- in a previous episode
% of all-time high since 1984#
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 ONB, 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 |
|---|---|---|---|---|---|
| Dec 21, 1998 | Aug 19, 2011 | −68.7% | 12.7 yrs | not yet | 27.6 yrs+ |
| Jul 7, 1986 | Nov 4, 1987 | −30.9% | 16 mo | Jan 16, 1992 | 5.5 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 1984: how far ONB 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: ONB 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 ONB from its all-time high?
- ONB is currently 2.3% below its all-time high, set Dec 21, 1998 (as of market close, Aug 13, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest ONB drawdown ever?
- The deepest decline on record in our data (since 1984) took the stock 68.7% below its prior high, bottoming Aug 19, 2011. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1984 (split-adjusted). "All-time" means since our price data begins — ONB 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.