---
title: Max Drawdown
description: Allocator measures the length, recovery period and amount of the three largest drawdowns for a fund.
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# Max Drawdown

## Allocator measures the length, recovery period and amount of the three largest drawdowns for a fund.

Max Drawdown is the maximum loss in percentage points from peak to trough of Net Asset Value (NAV).

Max Drawdown Length is the amount of time in months from peak to trough of NAV.

Max Drawdown Recovery is the amount of time in months that it took to reach the previous performance height following a trough in NAV.

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