GS’s worst drop since 1999 was 79%
Goldman Sachs (GS) fell 79% from Oct 2007 to Nov 2008. It took 9.1 years from that peak to close at a new high, in Dec 2016. Over the same years the S&P 500 fell as much as 55%.
That drop ranks 398th deepest among the 986 stocks PortfolioAutopsy tracks.
Drawdown from the last high, 1999 to now
How GS held up in each crash
| Crash | Years | GS | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | −54.6% | −47.5% |
| Financial crisis | 2007–09 | −78.8% | −55.2% |
| COVID crash | 2020 | −45.6% | −33.7% |
| 2022 rate shock | 2022 | −30.5% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how GS behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
Open GS in PortfolioAutopsyCheck my whole portfolioQuestions
What was GS’s maximum drawdown?
GS’s deepest fall since 1999 was 78.8%, from its high on October 31, 2007 to its low on November 20, 2008. The figure uses daily prices with dividends reinvested.
How long did GS take to recover?
9.1 years. GS first closed above its Oct 2007 high again on December 1, 2016.
Was GS riskier than the S&P 500?
Over the same years, GS’s worst drop was 78.8% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −75.1% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, May 5, 1999 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.