Glossary / Wealth and risk
Drawdown
A drawdown is the fall in an investment's value from a previous peak to a subsequent low point, or trough, usually shown as a percentage. The maximum drawdown is the largest such peak-to-trough fall over a given period.
Written by Antevo · 15 September 2026
See it in practice01 / In practice
Illustrative only, with invented round numbers. A fictional CHF portfolio starts at CHF 1,000,000, rises to a peak of CHF 1,200,000, then falls to a trough of CHF 900,000 before recovering. The drawdown is (900,000 − 1,200,000) ÷ 1,200,000 = −25%. Recovering the loss takes more than 25%: from CHF 900,000, the portfolio needs to gain CHF 300,000, which is 300,000 ÷ 900,000 = 33.3%, just to return to its previous peak. If this were the deepest fall in the period reviewed, −25% would also be its maximum drawdown.
Formula. Drawdown = (trough value − prior peak value) ÷ prior peak value; gain needed to regain the peak = prior peak value ÷ trough value − 1
02 / In Antevo
Where you will
meet it.
The risk view in Antevo Wealth, included from the Personal arrangement, sets a household's holdings against historical and hypothetical scenarios, with results read in its own currency.
Go there03 / Related terms
Read next.
04 / Sources
Where this comes from.
Primary sources for the definition above. Intelligence, not advice: your adviser or counsel confirms anything a decision rests on.