STZ drawdown: 52.3% below the all-time high
Constellation Brands Inc. (STZ) is 52.3% below its all-time high, set Jul 31, 2023 (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
- −52.3%
- 47.7% of ATH
- All-time high
- $272.8
- Jul 31, 2023
- Time below the high
- 3.0 yrs
- since Jul 31, 2023
- Worst-ever drawdown
- −67.4%
- Sep 6, 1996
- Longest underwater
- 7.1 yrs
- between all-time highs
- Today's level first reached
- Jun 12, 2019
- 7.1 yrs ago
- Last time this deep
- Sep 2, 2009
- 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 STZ, 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 |
|---|---|---|---|---|---|
| Sep 14, 1995 | Sep 6, 1996 | −67.4% | 12 mo | Nov 10, 1997 | 2.2 yrs |
| Jun 28, 2005 | Nov 12, 2008 | −65.0% | 3.4 yrs | Aug 15, 2012 | 7.1 yrs |
| Jul 31, 2023 | Nov 7, 2025 | −53.2% | 2.3 yrs | not yet | 3.0 yrs+ |
| Apr 9, 1998 | Sep 25, 1998 | −34.1% | 6 mo | Jan 8, 1999 | 9 mo |
| Dec 29, 1993 | May 16, 1994 | −33.1% | 5 mo | Sep 8, 1994 | 8 mo |
| Jun 28, 2002 | Mar 27, 2003 | −31.3% | 9 mo | Nov 5, 2003 | 16 mo |
| Jun 8, 1992 | Oct 5, 1992 | −30.4% | 4 mo | Dec 29, 1992 | 7 mo |
| Oct 29, 1999 | Mar 14, 2000 | −29.6% | 5 mo | Jan 16, 2001 | 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 1992: how far STZ 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: STZ 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 STZ from its all-time high?
- STZ is currently 52.3% below its all-time high, set Jul 31, 2023 (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 STZ drawdown ever?
- The deepest decline on record in our data (since 1992) took the stock 67.4% below its prior high, bottoming Sep 6, 1996. 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 — STZ 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.