VWCE fell -33.4% at its worst — here is every crash since 2019
Peak, bottom, and how long it took to get back to break-even, plus what €10,000 would have been worth at each bottom.
Data as of September 10, 2026
Worst fall on record
-33.4%
February 19, 2020 to March 23, 2020, falling for 1 month
Every fall of 10% or more that VWCE has had since July 29, 2019.
- Time to recover
- 11 months
- On your amount
- €6,657
- Right now
- -1.9%
Back at that peak on January 6, 2021
What €10,000 was worth at the bottom
As of September 10, 2026
In an ordinary year it moves about ±16.1% around its own trend.
| Peak | Bottom | Fall | Peak to bottom | Peak to recovery | Your amount at the bottom |
|---|---|---|---|---|---|
| PeakFebruary 19, 2020 | BottomMarch 23, 2020 | Fall-33.4% | Peak to bottom1 month | Peak to recovery11 months | Your amount at the bottom€6,657 |
| PeakFebruary 19, 2025 | BottomApril 9, 2025 | Fall-21.1% | Peak to bottom2 months | Peak to recovery7 months | Your amount at the bottom€7,893 |
| PeakJanuary 4, 2022 | BottomJune 16, 2022 | Fall-16.1% | Peak to bottom5 months | Peak to recovery1 year 11 months | Your amount at the bottom€8,388 |
Depth is measured from the previous all-time high, and “peak to recovery” runs from that high back to it — not from the bottom, which gives a much shorter number.
What VWCE's own history says
The worst fall was -33.4%, from February 19, 2020 to March 23, 2020 — €10,000 invested at that peak was worth €6,657 at the bottom. It took 11 months from that peak to close back at it, on January 6, 2021. Today it sits 1.9% below its all-time high.
Computed from daily closing prices with dividends reinvested, snapshotted September 10, 2026.
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History is not a forecast
This page shows what actually happened to a real price series — nothing more. An asset that recovered every time so far carries no promise that it will again, and the next fall will not be the last one. Prices exclude trading costs, spreads, currency conversion and taxes, all of which make a real-world fall worse than the one drawn here. Nothing on this page is investment advice; do your own research or speak to a regulated adviser before investing.
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