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US Stock Market

Index
Market proxy VTI$379.321D -0.34%
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OverviewPerformanceDrawdown

US Stock Market drawdown: 1.3% below the all-time high

US Stock Market is 1.3% below its all-time high, set Aug 13, 2026 (as of market close, Aug 28, 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
−1.3%
98.7% of ATH
All-time high
$384.3
Aug 13, 2026
Time below the high
15 days
since Aug 13, 2026
Worst-ever drawdown
−56.7%
Mar 9, 2009
Longest underwater
5.3 yrs
between all-time highs
Today's level first reached
Aug 4, 2026
24 days ago
Last time this deep
Jul 31, 2026
in a previous episode

% of all-time high since 2001#

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. Basis and range are in the URL, so a particular view is a link.

Basis
Range
All-time high = 100%50%60%70%80%90%
VTI close · log50.00100200
20052010201520202025

The deepest drawdowns on record#

Every decline of 15% or more from an all-time high (price basis), deepest first.

PeakTroughDepthPeak → troughRecovered byUnderwater
Oct 9, 2007Mar 9, 2009−56.7%17 moFeb 1, 20135.3 yrs
Jul 2, 2001Oct 9, 2002−35.7%15 moNov 11, 20043.4 yrs
Feb 19, 2020Mar 23, 2020−35.0%33 daysAug 21, 20206 mo
Jan 3, 2022Oct 12, 2022−26.2%9 moJan 29, 20242.1 yrs
Sep 20, 2018Dec 24, 2018−20.9%3 moJul 2, 20199 mo
Feb 19, 2025Apr 8, 2025−19.6%48 daysJun 27, 20254 mo
Jun 23, 2015Feb 11, 2016−16.4%8 moJul 18, 201613 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 2001: how far US Stock Market stood below its all-time high, and the total return over the following 1, 5 and 10 years.

1950–19992000–today
+0.0%+10.0%+20.0%100%80%60%40%% of all-time high at the start month (ATH on the left)today (−1.3%)Jun 2001 · 100.0% of ATH · +3.9%/yrJul 2001 · 98.1% of ATH · +4.3%/yrAug 2001 · 92.3% of ATH · +6.0%/yrSep 2001 · 84.3% of ATH · +8.4%/yrOct 2001 · 86.1% of ATH · +8.7%/yrNov 2001 · 92.6% of ATH · +7.6%/yrDec 2001 · 94.0% of ATH · +7.6%/yrJan 2002 · 93.1% of ATH · +8.2%/yrFeb 2002 · 91.5% of ATH · +8.2%/yrMar 2002 · 94.9% of ATH · +7.7%/yrApr 2002 · 90.6% of ATH · +9.5%/yrMay 2002 · 89.3% of ATH · +10.6%/yrJun 2002 · 83.2% of ATH · +11.8%/yrJul 2002 · 76.3% of ATH · +13.0%/yrAug 2002 · 76.8% of ATH · +13.1%/yrSep 2002 · 69.1% of ATH · +16.4%/yrOct 2002 · 74.2% of ATH · +15.2%/yrNov 2002 · 78.7% of ATH · +12.8%/yrDec 2002 · 74.7% of ATH · +13.8%/yrJan 2003 · 72.6% of ATH · +13.0%/yrFeb 2003 · 71.5% of ATH · +12.8%/yrMar 2003 · 72.0% of ATH · +12.4%/yrApr 2003 · 78.3% of ATH · +11.7%/yrMay 2003 · 82.8% of ATH · +10.8%/yrJun 2003 · 84.2% of ATH · +8.6%/yrJul 2003 · 86.1% of ATH · +8.0%/yrAug 2003 · 88.2% of ATH · +7.8%/yrSep 2003 · 87.3% of ATH · +5.9%/yrOct 2003 · 92.5% of ATH · +0.8%/yrNov 2003 · 93.9% of ATH · -1.2%/yrDec 2003 · 97.7% of ATH · -1.6%/yrJan 2004 · 100.0% of ATH · -3.8%/yrFeb 2004 · 100.0% of ATH · -6.1%/yrMar 2004 · 99.0% of ATH · -4.4%/yrApr 2004 · 96.8% of ATH · -2.0%/yrMay 2004 · 98.2% of ATH · -1.2%/yrJun 2004 · 100.0% of ATH · -1.6%/yrJul 2004 · 96.4% of ATH · +0.7%/yrAug 2004 · 96.5% of ATH · +1.4%/yrSep 2004 · 98.1% of ATH · +1.9%/yrOct 2004 · 99.9% of ATH · +1.0%/yrNov 2004 · 100.0% of ATH · +1.1%/yrDec 2004 · 100.0% of ATH · +1.0%/yrJan 2005 · 97.5% of ATH · +0.8%/yrFeb 2005 · 99.5% of ATH · +1.1%/yrMar 2005 · 97.7% of ATH · +2.7%/yrApr 2005 · 95.5% of ATH · +3.6%/yrMay 2005 · 99.2% of ATH · +1.2%/yrJun 2005 · 100.0% of ATH · -0.2%/yrJul 2005 · 100.0% of ATH · +0.3%/yrAug 2005 · 98.9% of ATH · -0.4%/yrSep 2005 · 99.7% of ATH · +1.2%/yrOct 2005 · 97.4% of ATH · +2.5%/yrNov 2005 · 100.0% of ATH · +1.7%/yrDec 2005 · 100.0% of ATH · +3.1%/yrJan 2006 · 100.0% of ATH · +2.8%/yrFeb 2006 · 100.0% of ATH · +3.5%/yrMar 2006 · 100.0% of ATH · +3.2%/yrApr 2006 · 100.0% of ATH · +3.6%/yrMay 2006 · 96.8% of ATH · +4.0%/yrJun 2006 · 96.9% of ATH · +3.6%/yrJul 2006 · 96.8% of ATH · +3.2%/yrAug 2006 · 99.0% of ATH · +1.5%/yrSep 2006 · 100.0% of ATH · -0.6%/yrOct 2006 · 100.0% of ATH · +0.9%/yrNov 2006 · 100.0% of ATH · +0.3%/yrDec 2006 · 100.0% of ATH · +0.3%/yrJan 2007 · 100.0% of ATH · +0.9%/yrFeb 2007 · 98.4% of ATH · +2.1%/yrMar 2007 · 99.5% of ATH · +2.5%/yrApr 2007 · 100.0% of ATH · +1.5%/yrMay 2007 · 100.0% of ATH · -0.5%/yrJun 2007 · 98.2% of ATH · +0.7%/yrJul 2007 · 94.8% of ATH · +1.6%/yrAug 2007 · 96.2% of ATH · +1.8%/yrSep 2007 · 99.9% of ATH · +1.6%/yrOct 2007 · 100.0% of ATH · +0.8%/yrNov 2007 · 95.5% of ATH · +1.9%/yrDec 2007 · 94.8% of ATH · +2.3%/yrJan 2008 · 89.0% of ATH · +4.7%/yrFeb 2008 · 86.8% of ATH · +5.5%/yrMar 2008 · 86.0% of ATH · +6.5%/yrApr 2008 · 90.2% of ATH · +5.9%/yrMay 2008 · 92.0% of ATH · +6.0%/yrJun 2008 · 84.5% of ATH · +7.4%/yrJul 2008 · 84.0% of ATH · +8.8%/yrAug 2008 · 85.2% of ATH · +7.8%/yrSep 2008 · 77.3% of ATH · +10.8%/yrOct 2008 · 63.8% of ATH · +16.1%/yrNov 2008 · 58.7% of ATH · +18.7%/yrDec 2008 · 59.8% of ATH · +18.9%/yrJan 2009 · 54.9% of ATH · +20.1%/yrFeb 2009 · 49.2% of ATH · +24.0%/yrMar 2009 · 53.2% of ATH · +22.2%/yrApr 2009 · 59.1% of ATH · +19.7%/yrMay 2009 · 62.3% of ATH · +18.9%/yrJun 2009 · 62.5% of ATH · +19.4%/yrJul 2009 · 67.4% of ATH · +17.2%/yrAug 2009 · 69.9% of ATH · +17.3%/yrSep 2009 · 72.8% of ATH · +15.8%/yrOct 2009 · 70.8% of ATH · +17.1%/yrNov 2009 · 74.9% of ATH · +16.4%/yrDec 2009 · 77.0% of ATH · +15.7%/yrJan 2010 · 74.3% of ATH · +15.9%/yrFeb 2010 · 76.8% of ATH · +16.4%/yrMar 2010 · 81.7% of ATH · +14.7%/yrApr 2010 · 83.5% of ATH · +14.4%/yrMay 2010 · 76.9% of ATH · +16.6%/yrJun 2010 · 72.4% of ATH · +17.6%/yrJul 2010 · 77.5% of ATH · +16.4%/yrAug 2010 · 73.9% of ATH · +16.0%/yrSep 2010 · 80.9% of ATH · +13.3%/yrOct 2010 · 84.1% of ATH · +14.1%/yrNov 2010 · 84.5% of ATH · +14.1%/yrDec 2010 · 90.4% of ATH · +12.1%/yrJan 2011 · 92.3% of ATH · +10.4%/yrFeb 2011 · 95.7% of ATH · +9.6%/yrMar 2011 · 96.1% of ATH · +11.0%/yrApr 2011 · 98.9% of ATH · +10.5%/yrMay 2011 · 97.8% of ATH · +11.1%/yrJun 2011 · 96.1% of ATH · +11.6%/yrJul 2011 · 93.9% of ATH · +13.0%/yrAug 2011 · 88.2% of ATH · +14.4%/yrSep 2011 · 81.5% of ATH · +16.3%/yrOct 2011 · 90.8% of ATH · +13.3%/yrNov 2011 · 90.4% of ATH · +14.4%/yrDec 2011 · 91.3% of ATH · +14.6%/yrJan 2012 · 95.9% of ATH · +13.9%/yrFeb 2012 · 100.0% of ATH · +13.8%/yrMar 2012 · 100.0% of ATH · +13.1%/yrApr 2012 · 99.4% of ATH · +13.5%/yrMay 2012 · 93.2% of ATH · +15.2%/yrJun 2012 · 97.0% of ATH · +14.5%/yrJul 2012 · 97.8% of ATH · +14.8%/yrAug 2012 · 100.0% of ATH · +14.2%/yrSep 2012 · 100.0% of ATH · +14.2%/yrOct 2012 · 98.2% of ATH · +15.1%/yrNov 2012 · 99.0% of ATH · +15.6%/yrDec 2012 · 100.0% of ATH · +15.6%/yrJan 2013 · 100.0% of ATH · +15.5%/yrFeb 2013 · 100.0% of ATH · +14.3%/yrMar 2013 · 100.0% of ATH · +13.0%/yrApr 2013 · 100.0% of ATH · +12.8%/yrMay 2013 · 100.0% of ATH · +12.8%/yrJun 2013 · 98.6% of ATH · +13.3%/yrJul 2013 · 100.0% of ATH · +12.8%/yrAug 2013 · 97.0% of ATH · +14.2%/yrSep 2013 · 100.0% of ATH · +13.4%/yrOct 2013 · 100.0% of ATH · +10.8%/yrNov 2013 · 100.0% of ATH · +10.6%/yrDec 2013 · 100.0% of ATH · +7.9%/yrJan 2014 · 96.8% of ATH · +10.4%/yrFeb 2014 · 100.0% of ATH · +10.1%/yrMar 2014 · 100.0% of ATH · +10.3%/yrApr 2014 · 100.0% of ATH · +11.2%/yrMay 2014 · 100.0% of ATH · +9.2%/yrJun 2014 · 100.0% of ATH · +10.2%/yrJul 2014 · 98.0% of ATH · +10.9%/yrAug 2014 · 100.0% of ATH · +9.6%/yrSep 2014 · 97.9% of ATH · +10.4%/yrOct 2014 · 100.0% of ATH · +10.3%/yrNov 2014 · 100.0% of ATH · +10.6%/yrDec 2014 · 100.0% of ATH · +11.2%/yrJan 2015 · 97.2% of ATH · +11.8%/yrFeb 2015 · 100.0% of ATH · +8.7%/yrMar 2015 · 98.8% of ATH · +5.8%/yrApr 2015 · 99.5% of ATH · +8.3%/yrMay 2015 · 100.0% of ATH · +9.1%/yrJun 2015 · 98.3% of ATH · +10.0%/yrJul 2015 · 100.0% of ATH · +10.9%/yrAug 2015 · 93.9% of ATH · +13.8%/yrSep 2015 · 91.2% of ATH · +13.7%/yrOct 2015 · 98.4% of ATH · +11.5%/yrNov 2015 · 99.0% of ATH · +13.9%/yrDec 2015 · 96.9% of ATH · +15.4%/yrJan 2016 · 91.3% of ATH · +16.7%/yrFeb 2016 · 91.3% of ATH · +17.5%/yrMar 2016 · 97.8% of ATH · +16.7%/yrApr 2016 · 98.4% of ATH · +17.7%/yrMay 2016 · 100.0% of ATH · +17.4%/yrJun 2016 · 100.0% of ATH · +17.9%/yrJul 2016 · 100.0% of ATH · +17.4%/yrAug 2016 · 100.0% of ATH · +18.0%/yrSep 2016 · 100.0% of ATH · +16.9%/yrOct 2016 · 97.8% of ATH · +18.9%/yrNov 2016 · 100.0% of ATH · +17.5%/yrDec 2016 · 100.0% of ATH · +18.0%/yrJan 2017 · 100.0% of ATH · +16.1%/yrFeb 2017 · 100.0% of ATH · +14.6%/yrMar 2017 · 100.0% of ATH · +15.4%/yrApr 2017 · 100.0% of ATH · +13.0%/yrMay 2017 · 100.0% of ATH · +12.7%/yrJun 2017 · 100.0% of ATH · +10.5%/yrJul 2017 · 100.0% of ATH · +12.1%/yrAug 2017 · 100.0% of ATH · +11.2%/yrSep 2017 · 100.0% of ATH · +8.6%/yrOct 2017 · 100.0% of ATH · +9.8%/yrNov 2017 · 100.0% of ATH · +10.3%/yrDec 2017 · 100.0% of ATH · +8.7%/yrJan 2018 · 100.0% of ATH · +9.0%/yrFeb 2018 · 96.2% of ATH · +9.3%/yrMar 2018 · 94.3% of ATH · +10.4%/yrApr 2018 · 94.8% of ATH · +10.5%/yrMay 2018 · 97.4% of ATH · +10.0%/yrJun 2018 · 98.0% of ATH · +11.3%/yrJul 2018 · 100.0% of ATH · +11.4%/yrAug 2018 · 100.0% of ATH · +10.2%/yrSep 2018 · 100.0% of ATH · +9.1%/yrOct 2018 · 92.6% of ATH · +10.2%/yrNov 2018 · 94.5% of ATH · +11.7%/yrDec 2018 · 85.8% of ATH · +15.1%/yrJan 2019 · 93.1% of ATH · +13.5%/yrFeb 2019 · 96.4% of ATH · +13.8%/yrMar 2019 · 97.8% of ATH · +14.2%/yrApr 2019 · 100.0% of ATH · +12.4%/yrMay 2019 · 93.5% of ATH · +14.9%/yrJun 2019 · 100.0% of ATH · +14.1%/yrJul 2019 · 100.0% of ATH · +14.2%/yrAug 2019 · 97.9% of ATH · +15.1%/yrSep 2019 · 99.7% of ATH · +15.2%/yrOct 2019 · 100.0% of ATH · +14.5%/yrNov 2019 · 100.0% of ATH · +15.2%/yrDec 2019 · 100.0% of ATH · +13.8%/yrJan 2020 · 99.9% of ATH · +14.5%/yrFeb 2020 · 91.9% of ATH · +16.0%/yrMar 2020 · 79.2% of ATH · +18.1%/yrApr 2020 · 89.6% of ATH · +15.0%/yrMay 2020 · 94.4% of ATH · +15.2%/yrJun 2020 · 96.6% of ATH · +15.9%/yrJul 2020 · 100.0% of ATH · +15.1%/yrAug 2020 · 100.0% of ATH · +14.1%/yrSep 2020 · 96.5% of ATH · +15.7%/yrOct 2020 · 94.6% of ATH · +16.6%/yrNov 2020 · 100.0% of ATH · +14.1%/yrDec 2020 · 100.0% of ATH · +13.1%/yrJan 2021 · 99.7% of ATH · +13.5%/yrFeb 2021 · 100.0% of ATH · +12.7%/yrMar 2021 · 100.0% of ATH · +10.7%/yrApr 2021 · 100.0% of ATH · +11.8%/yrMay 2021 · 100.0% of ATH · +12.9%/yrJun 2021 · 100.0% of ATH · +12.2%/yrJul 2021 · 100.0% of ATH · +11.7%/yrAug 2021 · 100.0% of ATH · +11.8%/yr

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 US Stock Market from its all-time high?
US Stock Market is currently 1.3% below its all-time high, set Aug 13, 2026 (as of market close, Aug 28, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
What was the biggest US Stock Market drawdown ever?
The deepest decline on record in our data (since 2001) took US Stock Market 56.7% 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 2001 from VTI, US Stock Market's tracking fund; no free deep history exists for US Stock Market — 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. Past performance does not predict future returns; not investment advice.

More on US Stock Market

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