ONON drawdown: 50.4% below the all-time high
On Holding AG (ONON) is 50.4% below its all-time high, set Jan 30, 2025 (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 (2021).
- Below all-time high
- −50.4%
- 49.6% of ATH
- All-time high
- $63.62
- Jan 30, 2025
- Time below the high
- 1.5 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
- 4.9 yrs ago
- Last time this deep
- Oct 30, 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.
% of all-time high on the price basis — the all-time high considers the full history of ONON, 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 |
|---|---|---|---|---|---|
| Nov 17, 2021 | Oct 10, 2022 | −68.9% | 11 mo | Sep 26, 2024 | 2.9 yrs |
| Jan 30, 2025 | Aug 11, 2026 | −51.4% | 1.5 yrs | not yet | 1.5 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 ONON 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: ONON 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 ONON from its all-time high?
- ONON is currently 50.4% below its all-time high, set Jan 30, 2025 (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 ONON drawdown ever?
- The deepest decline on record in our data (since 2021) took the stock 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 closing prices since 2021 (split-adjusted). "All-time" means since our price data begins — ONON 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.