UPS’s worst drop since 1999 was 58%
United Parcel Service (UPS) fell 58% from Feb 2022 to Sep 2025. It has not closed above that Feb 2022 peak since, 4.7 years later. Over the same years the S&P 500 fell as much as 55%.
That drop is milder than most. It ranks 782nd of the 986 stocks PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 1999 to now
How UPS held up in each crash
| Crash | Years | UPS | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | −29.1% | −47.5% |
| Financial crisis | 2007–09 | −48.6% | −55.2% |
| COVID crash | 2020 | −26.6% | −33.7% |
| 2022 rate shock | 2022 | −29.8% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how UPS 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 UPS’s maximum drawdown?
UPS’s deepest fall since 1999 was 58.0%, from its high on February 2, 2022 to its low on September 25, 2025. The figure uses daily prices with dividends reinvested.
How long did UPS take to recover?
It has not recovered yet. As of October 13, 2026 it sits 48.6% below that Feb 2022 high.
Was UPS riskier than the S&P 500?
Over the same years, UPS’s worst drop was 58.0% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −45.0% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, November 11, 1999 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.