WPM drawdown: 20.4% below the all-time high
Wheaton Precious Metals Corp Common Shares (Canada) (WPM) is 20.4% below its all-time high, set Mar 2, 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 (2005).
- Below all-time high
- −20.4%
- 79.6% of ATH
- All-time high
- $165.7
- Mar 2, 2026
- Time below the high
- 5 mo
- since Mar 2, 2026
- Worst-ever drawdown
- −86.7%
- Nov 20, 2008
- Longest underwater
- 9.3 yrs
- between all-time highs
- Today's level first reached
- Jan 14, 2026
- 7 mo ago
- Last time this deep
- Mar 26, 2024
- in a previous episode
% of all-time high since 2005#
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 WPM, 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 14, 2008 | Nov 20, 2008 | −86.7% | 8 mo | Apr 30, 2010 | 2.1 yrs |
| Apr 8, 2011 | Jan 19, 2016 | −77.6% | 4.8 yrs | Jul 8, 2020 | 9.3 yrs |
| Aug 5, 2020 | Sep 26, 2022 | −48.3% | 2.1 yrs | May 17, 2024 | 3.8 yrs |
| Apr 19, 2006 | Jun 13, 2006 | −41.6% | 55 days | Sep 5, 2006 | 5 mo |
| Mar 2, 2026 | Jul 20, 2026 | −37.6% | 5 mo | not yet | 5 mo+ |
| Sep 6, 2006 | Oct 3, 2006 | −28.8% | 27 days | May 4, 2007 | 8 mo |
| Dec 6, 2010 | Jan 25, 2011 | −28.4% | 50 days | Feb 23, 2011 | 3 mo |
| Jul 19, 2007 | Aug 28, 2007 | −28.2% | 40 days | Oct 12, 2007 | 3 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 2005: how far WPM 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: WPM 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 WPM from its all-time high?
- WPM is currently 20.4% below its all-time high, set Mar 2, 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 WPM drawdown ever?
- The deepest decline on record in our data (since 2005) took the stock 86.7% 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 2005 (split-adjusted). "All-time" means since our price data begins — WPM 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.