ProShares UltraShort Semiconductors drawdown: 100.0% below the all-time high (price)
ProShares UltraShort Semiconductors is 100.0% below its all-time high, set Nov 20, 2008 (as of market close, Oct 27, 2026), measured on price alone — dividends are not included, the convention headlines and crash histories use. 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
- −100.0%
- 0.0% of ATH
- All-time high
- $32,657,600
- Nov 20, 2008
- Time below the high
- 17.9 yrs
- since Nov 20, 2008
- Worst-ever drawdown
- −100.0%
- Oct 6, 2026
- Longest underwater
- 17.9 yrs
- between all-time highs
- Today's level first reached
- Feb 1, 2007
- 19.7 yrs ago
- Last time this deep
- never before
- no prior −100.0% episode
% of all-time high since 2007: price#
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 |
|---|---|---|---|---|---|
| Nov 20, 2008 | Oct 6, 2026 | −100.0% | 17.9 yrs | not yet | 17.9 yrs+ |
| Jan 22, 2008 | May 16, 2008 | −41.4% | 4 mo | Sep 15, 2008 | 8 mo |
| Mar 5, 2007 | Jul 17, 2007 | −36.3% | 4 mo | Jan 8, 2008 | 10 mo |
| Oct 27, 2008 | Nov 4, 2008 | −30.1% | 8 days | Nov 12, 2008 | 16 days |
| Oct 10, 2008 | Oct 13, 2008 | −19.4% | 3 days | Oct 15, 2008 | 5 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 2007: how far ProShares UltraShort Semiconductors 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 ProShares UltraShort Semiconductors from its all-time high?
- ProShares UltraShort Semiconductors is currently 100.0% below its all-time high, set Nov 20, 2008 (as of market close, Oct 27, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest ProShares UltraShort Semiconductors drawdown ever?
- The deepest decline on record in our data (since 2007) took ProShares UltraShort Semiconductors 100.0% below its prior high, bottoming Oct 6, 2026. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from SSG; no free deep history exists for ProShares UltraShort Semiconductors — 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.