Pendle Investment Calculator
What would buying PENDLE have been worth? Pick a plan and a start date and this replays it against real daily Pendle closes.
What PENDLE actually did, in the data this page replays
Measured from the 1,163 daily closes this page replays — 3 July 2023 to 7 September 2026, from Binance. Figures are bounded by that window, not by the asset’s whole life.
| History available | 3 years and 2 months (from Binance) |
|---|---|
| Bought on the first day, held to the last | 2.44× |
| Highest close in this window | $6.99 on 10 April 2024 |
| Where it sits against that high | 70.1% below |
| Deepest fall | −85.5%, 10 April 2024 → 6 April 2026 |
| Time to get back to that peak | still below it |
| Separate falls of 50% or more | 1 |
| Days spent more than 20% below a previous peak | 78.1% |
| Best calendar year | 2024: +287.8% |
| Worst calendar year | 2025: -62.9% |
| Annualised volatility | 112% |
PENDLE year by year
First close to last close each year. 2023 and 2026 are partial — the data starts mid-2023 and 2026 is still running.
| Year | Change | Note |
|---|---|---|
| 2023 | +39.1% | partial year |
| 2024 | +287.8% | best full year |
| 2025 | -62.9% | worst full year |
| 2026 | +2.7% | partial year |
The part the calculator does not show you
Held from the first day in this data to the last, PENDLE returned 2.44×. That headline is the easy part. The number underneath it is that the position spent 78.1% of all days more than 20% below a previous peak — so for most of the time you owned it, you were looking at a figure lower than one you had already seen.
The deepest fall took PENDLE down 85.5%, from $6.99 on 10 April 2024 to $1.01 on 6 April 2026 — 2 years of falling. PENDLE has not been back to that peak since. Anyone who bought on 10 April 2024 is still waiting, 14 months later — which is the scenario a backtest showing a positive average return quietly averages away.
112% annualised volatility is ordinary for a major crypto asset and still several times a stock index. All PENDLE calculators →
Frequently asked questions
＋Would buying PENDLE on the first day of this data and holding have made money?
Yes — 2.44× from 3 July 2023 to 7 September 2026. The figure is real but it is also the single luckiest entry available in this window, and it required holding through a fall of 85.5% on the way. Set the calculator to a date you might plausibly have chosen instead and the answer usually changes a great deal.
＋What is the worst PENDLE has fallen?
85.5% in this data, from 10 April 2024 down to 6 April 2026 — 2 years of falling. It has not returned to that peak since, so anyone who bought at the top is still waiting. Bear in mind our PENDLE series starts in 2023; a deeper fall before that date would not appear here.
＋How much time does PENDLE spend below its previous high?
78.1% of all days in this window sat more than 20% below a previous peak. Put another way, for most of the time you would have owned it, the screen showed a number lower than one you had already seen — which is the part of a backtest's headline return that the headline never conveys.
＋What were PENDLE's best and worst years?
2024 was the best at +287.8%, and 2025 the worst at -62.9%. The gap between those two is the reason a single average annual return is a poor description of this asset: almost nobody experiences the average, they experience one of the two extremes depending on when they bought.
＋Is 3 years and 2 months of data enough to trust this backtest?
Partly. 3 years and 2 months covers real bull and bear conditions for PENDLE but not a full cycle end to end, so the extremes above are better guides than the average. Coins on this site with longer records give more meaningful answers.
What to keep in mind for PENDLE
PENDLE is a high-beta DeFi token that tracks DeFi yield cycles and total value locked, and reprices hard as large points and airdrop campaigns rotate in and out of its pools.
PENDLE lives mainly on Ethereum, so moving it costs Ethereum gas; it also trades on Arbitrum and other chains where fees are far lower.
A backtest is one path that already happened. It shows what this plan produced through the exact sequence of prices PENDLE went through — not what a similar plan will produce through a sequence nobody has seen yet.