SBUX drawdown: 18.1% below the all-time high
Starbucks Corporation (SBUX) is 18.1% below its all-time high, set Jul 26, 2021 (as of market close, Jul 24, 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 (1992).
- Below all-time high
- −18.1%
- 81.9% of ATH
- All-time high
- $126.1
- Jul 26, 2021
- Time below the high
- 5.0 yrs
- since Jul 26, 2021
- Worst-ever drawdown
- −81.9%
- Nov 20, 2008
- Longest underwater
- 5.2 yrs
- between all-time highs
- Today's level first reached
- Dec 10, 2020
- 5.6 yrs ago
- Last time this deep
- Aug 24, 2020
- in a previous episode
% of all-time high since 1992#
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 SBUX, 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 |
|---|---|---|---|---|---|
| May 5, 2006 | Nov 20, 2008 | −81.9% | 2.5 yrs | Jul 1, 2011 | 5.2 yrs |
| Jul 6, 1998 | Sep 17, 1998 | −49.7% | 2 mo | Mar 5, 1999 | 8 mo |
| May 12, 1999 | Aug 10, 1999 | −49.5% | 3 mo | Mar 30, 2000 | 11 mo |
| Jul 26, 2021 | May 12, 2022 | −44.6% | 10 mo | not yet | 5.0 yrs+ |
| Feb 12, 2001 | Sep 26, 2001 | −44.0% | 7 mo | Apr 10, 2002 | 14 mo |
| Jul 26, 2019 | Mar 18, 2020 | −43.2% | 8 mo | Dec 3, 2020 | 16 mo |
| Mar 31, 2000 | May 23, 2000 | −36.8% | 53 days | Nov 2, 2000 | 7 mo |
| Dec 7, 1995 | Jan 25, 1996 | −33.4% | 49 days | Mar 18, 1996 | 3 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 1992: how far SBUX 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: SBUX 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 SBUX from its all-time high?
- SBUX is currently 18.1% below its all-time high, set Jul 26, 2021 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest SBUX drawdown ever?
- The deepest decline on record in our data (since 1992) took the stock 81.9% below its prior high, bottoming Nov 20, 2008. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1992 (split-adjusted). "All-time" means since our price data begins — SBUX 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.