UNH drawdown: 32.7% below the all-time high
UnitedHealth Group Incorporated Common Stock (DE) (UNH) is 32.7% below its all-time high, set Nov 11, 2024 (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 (1985).
- Below all-time high
- −32.7%
- 67.3% of ATH
- All-time high
- $625.3
- Nov 11, 2024
- Time below the high
- 1.7 yrs
- since Nov 11, 2024
- Worst-ever drawdown
- −74.4%
- Nov 20, 2008
- Longest underwater
- 7.4 yrs
- between all-time highs
- Today's level first reached
- May 10, 2021
- 5.2 yrs ago
- Last time this deep
- Mar 23, 2020
- in a previous episode
% of all-time high since 1985#
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 UNH, 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 |
|---|---|---|---|---|---|
| Dec 21, 2005 | Nov 20, 2008 | −74.4% | 2.9 yrs | May 30, 2013 | 7.4 yrs |
| Nov 11, 2024 | Aug 1, 2025 | −62.0% | 9 mo | not yet | 1.7 yrs+ |
| May 14, 1998 | Aug 14, 1998 | −57.0% | 3 mo | May 15, 2000 | 2.0 yrs |
| Feb 13, 1996 | Jul 11, 1996 | −54.0% | 5 mo | Apr 2, 1998 | 2.1 yrs |
| Feb 4, 1993 | Feb 22, 1993 | −37.0% | 18 days | Jul 14, 1993 | 5 mo |
| Oct 12, 1994 | May 4, 1995 | −36.6% | 7 mo | Nov 2, 1995 | 13 mo |
| Feb 19, 2020 | Mar 23, 2020 | −36.2% | 33 days | Jun 1, 2020 | 3 mo |
| Jul 16, 1990 | Oct 12, 1990 | −27.7% | 3 mo | Nov 15, 1990 | 4 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 1985: how far UNH 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: UNH 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 UNH from its all-time high?
- UNH is currently 32.7% below its all-time high, set Nov 11, 2024 (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 UNH drawdown ever?
- The deepest decline on record in our data (since 1985) took the stock 74.4% 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 1985 (split-adjusted). "All-time" means since our price data begins — UNH 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.