Stats › Individual stocks › Catastrophic loss

44% of US stocks fell 70% from peak and never recovered

Energy
65%
Information Technology
59%
Communication Services
49%
Consumer Discretionary
48%
Health Care
48%
Industrials
39%
Materials
38%
Consumer Staples
32%
Financials
29%
Utilities
14%

Source: J.P. Morgan, The Agony & the Ecstasy 3.0, March 2021, sourced in the report to FactSet, Bloomberg and J.P. Morgan Wealth Management, data as of September 2020. Real Estate is not broken out separately in the US table.

An index cannot go bankrupt, but the companies inside it can fall a long way and never return. Of every company in the Russell 3000 since 1980, 44% fell 70% from their peak and did not recover. Two thirds underperformed the index they sat in.

44%Catastrophic loss rate
66%Underperformed the index
Energy, 65%Worst sector
Utilities, 14%Best sector

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