PDD Holdings Inc. American Depositary Shares drawdown: 61.1% below the all-time high
PDD Holdings Inc. American Depositary Shares is 61.1% below its all-time high, set Feb 17, 2021 (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
- −61.1%
- 38.9% of ATH
- All-time high
- $202.82
- Feb 17, 2021
- Time below the high
- 5.6 yrs
- since Feb 17, 2021
- Worst-ever drawdown
- −87.4%
- Mar 14, 2022
- Longest underwater
- 5.6 yrs
- between all-time highs
- Today's level first reached
- Jun 17, 2020
- 6.3 yrs ago
- Last time this deep
- never before
- no prior −61.1% episode
% of all-time high since 2018#
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 |
|---|---|---|---|---|---|
| Feb 17, 2021 | Mar 14, 2022 | −87.4% | 13 mo | not yet | 5.6 yrs+ |
| Sep 13, 2018 | Nov 13, 2018 | −42.8% | 2 mo | Jan 29, 2019 | 5 mo |
| Mar 4, 2019 | Jun 3, 2019 | −38.9% | 3 mo | Aug 29, 2019 | 6 mo |
| Jul 26, 2018 | Aug 24, 2018 | −35.5% | 29 days | Sep 13, 2018 | 49 days |
| Nov 5, 2019 | Nov 20, 2019 | −27.9% | 15 days | Apr 15, 2020 | 5 mo |
| Aug 5, 2020 | Oct 2, 2020 | −26.7% | 58 days | Nov 3, 2020 | 3 mo |
| Sep 11, 2019 | Sep 24, 2019 | −15.5% | 13 days | Oct 24, 2019 | 43 days |
| Jul 2, 2020 | Jul 24, 2020 | −15.1% | 22 days | Aug 3, 2020 | 32 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 2018: how far PDD Holdings Inc. American Depositary Shares 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 PDD Holdings Inc. American Depositary Shares from its all-time high?
- PDD Holdings Inc. American Depositary Shares is currently 61.1% below its all-time high, set Feb 17, 2021 (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 PDD Holdings Inc. American Depositary Shares drawdown ever?
- The deepest decline on record in our data (since 2018) took PDD Holdings Inc. American Depositary Shares 87.4% below its prior high, bottoming Mar 14, 2022. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from PDD; no free deep history exists for PDD Holdings Inc. American Depositary Shares — 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.