On Holding AG drawdown: 52.5% below the all-time high
On Holding AG is 52.5% below its all-time high, set Jan 30, 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
- −52.5%
- 47.5% of ATH
- All-time high
- $63.62
- Jan 30, 2025
- Time below the high
- 1.7 yrs
- since Jan 30, 2025
- Worst-ever drawdown
- −68.9%
- Oct 10, 2022
- Longest underwater
- 2.9 yrs
- between all-time highs
- Today's level first reached
- Sep 15, 2021
- 5.0 yrs ago
- Last time this deep
- Oct 13, 2023
- in a previous episode
% of all-time high since 2021#
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 17, 2021 | Oct 10, 2022 | −68.9% | 11 mo | Sep 26, 2024 | 2.9 yrs |
| Jan 30, 2025 | Sep 15, 2026 | −57.9% | 1.6 yrs | not yet | 1.7 yrs+ |
| Sep 17, 2021 | Oct 4, 2021 | −25.3% | 17 days | Nov 5, 2021 | 49 days |
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 2021: how far On Holding 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 On Holding AG from its all-time high?
- On Holding AG is currently 52.5% below its all-time high, set Jan 30, 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 On Holding AG drawdown ever?
- The deepest decline on record in our data (since 2021) took On Holding AG 68.9% below its prior high, bottoming Oct 10, 2022. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from ONON; no free deep history exists for On Holding 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.