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Finance

Maximum drawdown calculator

The worst peak-to-trough decline across a series of portfolio values.

What this calculator does

Maximum drawdown works out the worst peak-to-trough decline across a series of portfolio values. Enter your own figures above and the answer updates as you type: nothing is fixed in the code, so the result reflects exactly the numbers you supply.

The formula this calculator evaluates is printed under the tool and explained below, so you can check the working by hand or reuse it in a spreadsheet.

The formula

FormulaDrawdown at t = (Running peak − Value at t) / Running peak; Maximum drawdown = largest drawdown across the series

The inputs explained

FieldWhat to enter
Portfolio values in order (comma separated)A list of numbers, separated by commas or spaces.