TRP drawdown: 11.0% below the all-time high
TC Energy Corporation (TRP) is 11.0% below its all-time high, set May 22, 2026 (as of market close, Aug 13, 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 (1982).
- Below all-time high
- −11.0%
- 89.0% of ATH
- All-time high
- $70.91
- May 22, 2026
- Time below the high
- 3 mo
- since May 22, 2026
- Worst-ever drawdown
- −71.9%
- Feb 22, 2000
- Longest underwater
- 12.4 yrs
- between all-time highs
- Today's level first reached
- Feb 13, 2026
- 6 mo ago
- Last time this deep
- Nov 7, 2025
- in a previous episode
% of all-time high since 1982#
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 TRP, 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 |
|---|---|---|---|---|---|
| Mar 26, 1998 | Feb 22, 2000 | −71.9% | 1.9 yrs | Nov 22, 2004 | 6.7 yrs |
| Jul 19, 1985 | Feb 19, 1988 | −50.6% | 2.6 yrs | Nov 21, 1997 | 12.3 yrs |
| Nov 6, 2007 | Mar 9, 2009 | −48.3% | 16 mo | May 2, 2011 | 3.5 yrs |
| Sep 19, 2014 | Jan 15, 2016 | −47.5% | 16 mo | Feb 14, 2020 | 5.4 yrs |
| Jun 7, 2022 | Oct 4, 2023 | −44.3% | 16 mo | Jan 29, 2026 | 3.6 yrs |
| Feb 21, 2020 | Mar 23, 2020 | −41.6% | 31 days | Mar 25, 2022 | 2.1 yrs |
| May 31, 2011 | Aug 8, 2011 | −16.2% | 2 mo | Mar 13, 2012 | 9 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 1982: how far TRP 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: TRP 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 TRP from its all-time high?
- TRP is currently 11.0% below its all-time high, set May 22, 2026 (as of market close, Aug 13, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest TRP drawdown ever?
- The deepest decline on record in our data (since 1982) took the stock 71.9% below its prior high, bottoming Feb 22, 2000. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1982 (split-adjusted). "All-time" means since our price data begins — TRP 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.