SCHW drawdown: 4.9% below the all-time high
Charles Schwab Corporation (SCHW) is 4.9% below its all-time high, set Feb 9, 2026 (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 (1987).
- Below all-time high
- −4.9%
- 95.1% of ATH
- All-time high
- $107.2
- Feb 9, 2026
- Time below the high
- 5 mo
- since Feb 9, 2026
- Worst-ever drawdown
- −86.9%
- Mar 11, 2003
- Longest underwater
- 18.6 yrs
- between all-time highs
- Today's level first reached
- Jan 5, 2026
- 7 mo ago
- Last time this deep
- Dec 5, 2025
- in a previous episode
% of all-time high since 1987#
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 SCHW, 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 |
|---|---|---|---|---|---|
| Apr 13, 1999 | Mar 11, 2003 | −86.9% | 3.9 yrs | Dec 4, 2017 | 18.6 yrs |
| Sep 25, 1987 | Dec 4, 1987 | −64.9% | 2 mo | Mar 6, 1990 | 2.4 yrs |
| Mar 25, 1992 | Sep 29, 1992 | −54.5% | 6 mo | Apr 13, 1993 | 13 mo |
| May 22, 2018 | Mar 12, 2020 | −52.3% | 1.8 yrs | Jan 11, 2021 | 2.6 yrs |
| Jan 14, 2022 | May 4, 2023 | −50.4% | 16 mo | Jul 18, 2025 | 3.5 yrs |
| Sep 29, 1995 | Dec 18, 1995 | −41.4% | 3 mo | Nov 7, 1996 | 13 mo |
| Mar 13, 1990 | Aug 23, 1990 | −38.5% | 5 mo | Feb 12, 1991 | 11 mo |
| Oct 12, 1993 | Jul 12, 1994 | −35.7% | 9 mo | Jan 13, 1995 | 15 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 1987: how far SCHW 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: SCHW 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 SCHW from its all-time high?
- SCHW is currently 4.9% below its all-time high, set Feb 9, 2026 (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 SCHW drawdown ever?
- The deepest decline on record in our data (since 1987) took the stock 86.9% below its prior high, bottoming Mar 11, 2003. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1987 (split-adjusted). "All-time" means since our price data begins — SCHW 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.