T’s worst drop since 1999 was 64%
AT&T (T) fell 64% from Nov 2000 to Mar 2003. It took 6.4 years from that peak to close at a new high, in May 2007. Over the same years the S&P 500 fell as much as 55%.
That drop is milder than most. It ranks 668th of the 986 stocks PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 1999 to now
How T held up in each crash
| Crash | Years | T | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | −63.5% | −47.5% |
| Financial crisis | 2007–09 | −44.4% | −55.2% |
| COVID crash | 2020 | −31.4% | −33.7% |
| 2022 rate shock | 2022 | −29.2% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how T 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.
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What was T’s maximum drawdown?
T’s deepest fall since 1999 was 63.9%, from its high on November 22, 2000 to its low on March 11, 2003. The figure uses daily prices with dividends reinvested.
How long did T take to recover?
6.4 years. T first closed above its Nov 2000 high again on May 15, 2007.
Was T riskier than the S&P 500?
Over the same years, T’s worst drop was 63.9% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −55.7% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, January 5, 1999 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.