Drawdown: Quantifying the risk of declines

Drawdown is the maximum decline from the highest peak to the lowest trough of an investment.

Imagine your portfolio reached 100,000€ in March, but fell to 80,000€ in June. The drawdown was 20%.

Conservative investors often look at a fund's maximum historical drawdown.

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Frequently asked questions

Does a 30% drawdown mean I lose money?

Not necessarily.

How do I recover from a 50% drawdown?

You need to gain 100% to return to the previous point.