Banco Santander S.A. Sponsored ADR (Spain) drawdown: 35.7% below the all-time high
Banco Santander S.A. Sponsored ADR (Spain) is 35.7% below its all-time high, set May 15, 2008 (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
- −35.7%
- 64.3% of ATH
- All-time high
- $22.24
- May 15, 2008
- Time below the high
- 18.3 yrs
- since May 15, 2008
- Worst-ever drawdown
- −92.0%
- Sep 23, 2020
- Longest underwater
- 18.3 yrs
- between all-time highs
- Today's level first reached
- Feb 1, 2006
- 20.6 yrs ago
- Last time this deep
- Oct 24, 2003
- in a previous episode
% of all-time high since 1988#
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 |
|---|---|---|---|---|---|
| May 15, 2008 | Sep 23, 2020 | −92.0% | 12.4 yrs | not yet | 18.3 yrs+ |
| Jul 20, 1998 | Oct 9, 2002 | −66.5% | 4.2 yrs | Jan 31, 2006 | 7.5 yrs |
| Jun 21, 1988 | Mar 10, 1995 | −48.8% | 6.7 yrs | Jan 9, 1997 | 8.6 yrs |
| Dec 10, 2007 | Feb 5, 2008 | −25.4% | 57 days | May 15, 2008 | 5 mo |
| Jun 24, 1997 | Nov 12, 1997 | −22.9% | 5 mo | Jan 2, 1998 | 6 mo |
| May 9, 2006 | Jun 13, 2006 | −15.7% | 35 days | Aug 16, 2006 | 3 mo |
| May 4, 1998 | Jun 15, 1998 | −15.1% | 42 days | Jul 13, 1998 | 2 mo |
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 1988: how far Banco Santander S.A. Sponsored ADR (Spain) 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 Banco Santander S.A. Sponsored ADR (Spain) from its all-time high?
- Banco Santander S.A. Sponsored ADR (Spain) is currently 35.7% below its all-time high, set May 15, 2008 (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 Banco Santander S.A. Sponsored ADR (Spain) drawdown ever?
- The deepest decline on record in our data (since 1988) took Banco Santander S.A. Sponsored ADR (Spain) 92.0% below its prior high, bottoming Sep 23, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from SAN; no free deep history exists for Banco Santander S.A. Sponsored ADR (Spain) — 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.