Bloomberg Surveillance · Friday, July 10, 2026
Despite the Nasdaq index being up 13% year-to-date, the average member has experienced a maximum drawdown of -40%, illustrating significant underlying churn and volatility. This dynamic suggests a market where individual stock performance can diverge widely, even within a rising index.
“An example is a nasdac's up thirteen percent year to date. The average member maximum drawn down within the Nasdaq heere to date is negative forty percent, So that's a sort of the poster child for that type of activity.”