Royal Gold Inc. drawdown: 22.9% below the all-time high
Royal Gold Inc. is 22.9% below its all-time high, set Mar 2, 2026 (as of market close, Oct 2, 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
- −22.9%
- 77.1% of ATH
- All-time high
- $304.29
- Mar 2, 2026
- Time below the high
- 7 mo
- since Mar 2, 2026
- Worst-ever drawdown
- −99.8%
- Dec 2, 1991
- Longest underwater
- 12.4 yrs
- between all-time highs
- Today's level first reached
- Jan 6, 2026
- 9 mo ago
- Last time this deep
- Mar 26, 2024
- in a previous episode
% of all-time high since 1981#
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 |
|---|---|---|---|---|---|
| Jan 16, 1984 | Dec 2, 1991 | −99.8% | 7.9 yrs | May 8, 1996 | 12.3 yrs |
| Jun 3, 1996 | Dec 5, 2000 | −84.8% | 4.5 yrs | Sep 9, 2002 | 6.3 yrs |
| Sep 28, 2012 | Jan 20, 2016 | −74.6% | 3.3 yrs | Jun 24, 2019 | 6.7 yrs |
| Feb 4, 2003 | May 7, 2004 | −60.1% | 15 mo | Sep 16, 2005 | 2.6 yrs |
| Sep 4, 2019 | Mar 18, 2020 | −49.8% | 6 mo | Jul 27, 2020 | 11 mo |
| Oct 8, 2008 | Oct 27, 2008 | −41.7% | 19 days | Nov 28, 2008 | 51 days |
| Apr 1, 2022 | Sep 26, 2022 | −40.9% | 6 mo | Sep 24, 2024 | 2.5 yrs |
| Jan 19, 2006 | Jun 13, 2006 | −40.2% | 5 mo | Oct 8, 2008 | 2.7 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 1981: how far Royal Gold Inc. 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 Royal Gold Inc. from its all-time high?
- Royal Gold Inc. is currently 22.9% below its all-time high, set Mar 2, 2026 (as of market close, Oct 2, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Royal Gold Inc. drawdown ever?
- The deepest decline on record in our data (since 1981) took Royal Gold Inc. 99.8% below its prior high, bottoming Dec 2, 1991. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from RGLD; no free deep history exists for Royal Gold Inc. — 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.