Russell 2000 drawdown: 2.9% below the all-time high
Russell 2000 is 2.9% below its all-time high, set Jun 30, 2026 (as of market close, Jul 23, 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.
- Below all-time high
- −2.9%
- 97.1% of ATH
- All-time high
- $300.5
- Jun 30, 2026
- Time below the high
- 23 days
- since Jun 30, 2026
- Worst-ever drawdown
- −59.5%
- Mar 9, 2009
- Longest underwater
- 3.9 yrs
- between all-time highs
- Today's level first reached
- May 28, 2026
- 56 days ago
- Last time this deep
- Jun 10, 2026
- in a previous episode
% of all-time high since 2000#
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 Russell 2000, 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 |
|---|---|---|---|---|---|
| Jul 13, 2007 | Mar 9, 2009 | −59.5% | 1.7 yrs | Apr 5, 2011 | 3.7 yrs |
| Aug 31, 2018 | Mar 23, 2020 | −42.3% | 1.6 yrs | Nov 13, 2020 | 2.2 yrs |
| Jul 17, 2000 | Oct 9, 2002 | −40.3% | 2.2 yrs | Nov 28, 2003 | 3.4 yrs |
| Nov 8, 2021 | Oct 27, 2023 | −33.1% | 2.0 yrs | Sep 18, 2025 | 3.9 yrs |
| Apr 29, 2011 | Oct 3, 2011 | −29.4% | 5 mo | Sep 14, 2012 | 17 mo |
| Jun 23, 2015 | Feb 11, 2016 | −26.5% | 8 mo | Nov 14, 2016 | 17 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 2000: how far Russell 2000 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 Russell 2000 from its all-time high?
- Russell 2000 is currently 2.9% below its all-time high, set Jun 30, 2026 (as of market close, Jul 23, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Russell 2000 drawdown ever?
- The deepest decline on record in our data (since 2000) took Russell 2000 59.5% below its prior high, bottoming Mar 9, 2009. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since 2000 from IWM, Russell 2000's tracking fund; no free deep history exists for Russell 2000 — 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, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.