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British American Tobacco plc

ISIN GB0002875804

WKN 916018

Market cap (in EUR)

104,201 m

Country

United Kingdom

Sector

Consumer Non-Cyclicals

Dividend yield

5.87%

Overview

Quote

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Description

British American Tobacco plc is a holding company, which engages in the manufacture and distribution of tobacco products. Its brands include Kent, Dunhill, Lucky Strike, and Pall Mall. It operates through the following geographical segments: United States, Americas and Europe (AME), and Asia-Pacific, Middle East, and Africa (APMEA). The company was founded by James Buchanan Duke on September 29, 1902 and is headquartered in London, the United Kingdom.

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Consumer Non-Cyclicals Food and Tobacco Production Tobacco Production United Kingdom

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Financials

Key metrics

Market capitalisation, EUR	104,201 m
EPS, EUR	-
P/B ratio	1.8
P/E ratio	14.1
Dividend yield	5.87%

Income statement (2025)

Revenue, EUR	29,967 m
Net income, EUR	8,973 m
Profit margin	29.94%

What ETF is British American Tobacco plc in?

There are 196 ETFs which contain British American Tobacco plc. All of these ETFs are listed in the table below. The ETF with the largest weighting of British American Tobacco plc is the iShares STOXX Europe 600 Personal & Household Goods UCITS ETF (DE).

ETF	Weight	Investment focus	Fund size (in m EUR)
iShares MSCI World Sector & Country Neutral Equal Weight UCITS ETF USD (Acc)	0.05%	Equity World Equal Weighted	21
iShares Core FTSE 100 UCITS ETF USD Hedged (Acc)	3.30%	Equity United Kingdom	253
iShares STOXX Europe Large 200 UCITS ETF (DE)	0.95%	Equity Europe Large Cap	170
iShares Core MSCI Europe UCITS ETF EUR (Acc)	0.80%	Equity Europe	16,100
Invesco MSCI World Equal Weight UCITS ETF Acc	0.08%	Equity World Equal Weighted	1,942
Xtrackers MSCI World Value UCITS ETF 1C	1.03%	Equity World Value	3,925
UBS Core MSCI Europe UCITS ETF EUR dis	0.80%	Equity Europe	1,682
Xtrackers MSCI World ex USA UCITS ETF 1C	0.46%	Equity World	7,195
Invesco MSCI World UCITS ETF Acc	0.12%	Equity World	9,541
iShares MSCI UK UCITS ETF (Acc)	3.53%	Equity United Kingdom	219
UBS Core MSCI World UCITS ETF USD dis	0.12%	Equity World	2,170
UBS MSCI World ex USA UCITS ETF USD acc	0.45%	Equity World	513
Fidelity US Fundamental Large Cap Core UCITS ETF ACC-USD	0.79%	Equity United States Large Cap	78
iShares MSCI All Country World UCITS ETF USD (Dist)	0.11%	Equity World	34
Ossiam MSCI Europe UCITS ETF 1C/A (EUR)	0.80%	Equity Europe	190
L&G Global Quality Dividends UCITS ETF USD Acc	0.17%	Equity World Dividend	48
iShares MSCI World Swap UCITS ETF CHF Hedged (Acc)	0.12%	Equity World	7
Vanguard FTSE All-World Ex-U.S. UCITS ETF USD Acc	0.26%	Equity World	163
iShares STOXX Europe 600 UCITS ETF EUR (Acc)	0.79%	Equity Europe	3
Vanguard FTSE 100 UCITS ETF (GBP) Accumulating	3.30%	Equity United Kingdom	2,326
Scalable MSCI AC World Xtrackers UCITS ETF 1C	0.11%	Equity World	879
JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (acc)	0.96%	Equity Europe Covered Call Alternative Investments	27
Invesco MSCI Europe Equal Weight UCITS ETF Acc	0.27%	Equity Europe Equal Weighted	217
Amundi Core Stoxx Europe 600 UCITS ETF Acc	0.81%	Equity Europe	22,040
Amundi MSCI Europe UCITS ETF Acc	0.82%	Equity Europe	621
Xtrackers Stoxx Europe 600 UCITS ETF 2C - EUR Hedged	0.80%	Equity Europe	15
Invesco Global Enhanced Equity UCITS ETF GBP PfHdg Acc	0.05%	Equity World Multi-Factor Strategy	5
JPMorgan Global Equity Multi-Factor UCITS ETF USD (dist)	0.29%	Equity World Multi-Factor Strategy	1
iShares STOXX Europe 600 Personal & Household Goods UCITS ETF (DE)	13.73%	Equity Europe Consumer Staples	190
Xtrackers FTSE All-World ex US UCITS ETF 1C	0.28%	Equity World	46
State Street SPDR MSCI All Country World UCITS ETF USD Hedged (Acc)	0.11%	Equity World	106
iShares Core FTSE 100 UCITS ETF GBP (Acc)	3.30%	Equity United Kingdom	3,984
Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	0.13%	Equity World	74
State Street SPDR FTSE UK All Share UCITS ETF GBP Unhedged (Dist)	2.92%	Equity United Kingdom	395
Xtrackers MSCI World UCITS ETF 1D	0.12%	Equity World	4,764
Invesco All Country World Enhanced Equity UCITS ETF Acc	0.04%	Equity World Multi-Factor Strategy	77
iShares Edge MSCI Europe Minimum Volatility UCITS ETF	0.75%	Equity Europe Low Volatility/Risk Weighted	976
Amundi Core MSCI World UCITS ETF 2 Acc	0.12%	Equity World	3
HSBC MSCI World UCITS ETF EUR Hedged (Acc)	0.12%	Equity World	686
First Trust United Kingdom AlphaDEX UCITS ETF Acc	1.11%	Equity United Kingdom Multi-Factor Strategy	10
State Street SPDR S&P Europe Quality Aristocrats UCITS ETF EUR Unhedged (Acc)	3.66%	Equity Europe Fundamental/Quality	2
iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)	1.00%	Equity World Value	392
iShares Core MSCI Europe UCITS ETF EUR (Dist)	0.80%	Equity Europe	10,821
Vanguard FTSE All-World High Dividend Yield UCITS ETF Distributing	0.25%	Equity World Dividend	10,386
BNP Paribas Easy MSCI World II UCITS ETF Acc	0.12%	Equity World	57
Amundi MSCI World Swap II UCITS ETF Acc	0.12%	Equity World	775
iShares Core FTSE 100 UCITS ETF GBP (Dist)	3.30%	Equity United Kingdom	19,609
Amundi Prime Europe UCITS ETF DR (D)	0.85%	Equity Europe	282
Amundi MSCI Europe Quality Factor UCITS ETF EUR (C)	1.65%	Equity Europe Fundamental/Quality	262
Amundi Core MSCI Europe UCITS ETF Acc	0.82%	Equity Europe	4,231
iShares STOXX Europe 600 UCITS ETF (DE) EUR (Acc)	0.79%	Equity Europe	967
Amundi MSCI World Swap II UCITS ETF Dist	0.12%	Equity World	9,038
L&G UK Quality Dividends Equal Weight UCITS ETF GBP Dist	4.32%	Equity United Kingdom Dividend	92
iShares STOXX Europe 600 UCITS ETF (DE)	0.79%	Equity Europe	9,606
HSBC MSCI World UCITS ETF USD	0.12%	Equity World	14,563
State Street SPDR MSCI Europe Value UCITS ETF EUR	3.71%	Equity Europe Value	89
iShares MSCI World ex-USA UCITS ETF USD (Dist)	0.46%	Equity World	5
L&G MSCI Europe Select UCITS ETF EUR Accumulating ETF	0.95%	Equity Europe Social/Environmental Climate Change	1,459
L&G Global Equity UCITS ETF	0.13%	Equity World Social/Environmental	1,976
Vanguard FTSE Global All-Cap UCITS ETF USD Acc	0.09%	Equity World	3,780
Vanguard FTSE All-World High Dividend Yield UCITS ETF Acc	0.25%	Equity World Dividend	3,269
iShares Core FTSE 100 UCITS ETF EUR Hedged (Acc)	3.30%	Equity United Kingdom	44
Xtrackers Stoxx Europe 600 II UCITS ETF 1C	0.80%	Equity Europe	8
JPMorgan UK Equity Core Active UCITS ETF GBP (dist)	3.11%	Equity United Kingdom	236
iShares FTSE All-World UCITS ETF USD (Dist)	0.10%	Equity World	1
iShares MSCI World Swap UCITS ETF USD (Acc)	0.12%	Equity World	2,177
UBS Core MSCI World UCITS ETF hEUR acc	0.12%	Equity World	970
BNP Paribas Easy MSCI World II UCITS ETF Dist	0.12%	Equity World	1
Franklin FTSE Developed World UCITS ETF USD Capitalisation	0.12%	Equity World	20
State Street SPDR MSCI World Value UCITS ETF USD Unhedged (Acc)	1.30%	Equity World Value	227
iShares Core MSCI World UCITS ETF GBP Hedged (Dist)	0.12%	Equity World	1,144
iShares Edge MSCI World Value Factor UCITS ETF	1.00%	Equity World Value	6,395
Amundi Core MSCI World UCITS ETF Acc	0.12%	Equity World	15,824
HSBC MSCI Europe UCITS ETF EUR (Acc)	0.80%	Equity Europe	93
Amundi Core FTSE 100 Swap UCITS ETF Acc	3.38%	Equity United Kingdom	764
UBS Core MSCI Europe UCITS ETF USD acc	0.80%	Equity Europe	139
iShares MSCI World Swap UCITS ETF GBP Hedged (Acc)	0.12%	Equity World	1
Xtrackers MSCI World Swap UCITS ETF 4C EUR hedged	0.12%	Equity World	1,713
UBS Core MSCI Europe UCITS ETF hEUR acc	0.80%	Equity Europe	149
iShares Core MSCI World UCITS ETF USD (Acc)	0.12%	Equity World	131,264
Xtrackers Stoxx Europe 600 UCITS ETF 1D	0.80%	Equity Europe	1,518
WisdomTree Emerging Markets High Dividend UCITS ETF Dist	0.00%	Equity Emerging Markets Dividend	178
Amundi Core MSCI Europe UCITS ETF Dist	0.82%	Equity Europe	432
State Street SPDR MSCI World UCITS ETF EUR Hedged (Acc)	0.12%	Equity World	953
L&G Global Quality Dividends UCITS ETF USD Dist	0.17%	Equity World Dividend	389
Vanguard FTSE All-World UCITS ETF (USD) Distributing	0.10%	Equity World	23,862
State Street SPDR MSCI All Country World UCITS ETF USD Unhedged (Acc)	0.11%	Equity World	18,264
WisdomTree Emerging Markets High Dividend UCITS ETF Acc	0.00%	Equity Emerging Markets Dividend	81
UBS MSCI World ex USA UCITS ETF USD dis	0.45%	Equity World	4
BNP Paribas Easy MSCI World ex USA UCITS ETF EUR Acc	0.45%	Equity World	4
JPMorgan Global Equity Multi-Factor UCITS ETF USD (acc)	0.29%	Equity World Multi-Factor Strategy	276
BNP Paribas Easy MSCI ACWI UCITS ETF (Acc)	0.11%	Equity World	71
Xtrackers Stoxx Europe 600 II UCITS ETF 1D	0.80%	Equity Europe	5
Vanguard FTSE Developed Europe UCITS ETF Distributing	0.78%	Equity Europe	4,843
Xtrackers MSCI World IMI UCITS ETF 1C	0.11%	Equity World	24
State Street SPDR S&P UK Dividend Aristocrats UCITS ETF GBP	3.83%	Equity United Kingdom Dividend	143
Amundi MSCI World Ex USA UCITS ETF Acc	0.45%	Equity World	694
UBS Core MSCI World UCITS ETF USD acc	0.12%	Equity World	11,939
iShares FTSE All-World UCITS ETF USD (Acc)	0.10%	Equity World	34
iShares Core MSCI World UCITS ETF USD (Dist)	0.12%	Equity World	635
iShares UK Foreign Focus UCITS ETF GBP (Acc)	4.11%	Equity United Kingdom	3
Xtrackers FTSE 100 UCITS ETF 1C	3.38%	Equity United Kingdom	111
Invesco RAFI All-World Fundamental Value UCITS ETF	0.21%	Equity World Value	424
iShares MSCI All Country World Swap UCITS ETF USD (Acc)	0.11%	Equity World	103
BNP Paribas Easy MSCI World ex USA UCITS ETF Acc	0.45%	Equity World	12
Xtrackers STOXX Europe 600 UCITS ETF 1C	0.80%	Equity Europe	4,290
BNP Paribas Easy MSCI World UCITS ETF USD Acc	0.12%	Equity World	28
Amundi Prime All Country World UCITS ETF Acc	0.11%	Equity World	3,462
UBS MSCI World UCITS ETF USD dis	0.12%	Equity World	1,517
Vanguard FTSE Developed World UCITS ETF Acc	0.12%	Equity World	6,130
Amundi FTSE All World GDP-Weighted UCITS ETF Acc	0.13%	Equity World	29
UBS MSCI United Kingdom UCITS ETF hEUR acc	3.52%	Equity United Kingdom	578
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)	0.13%	Equity World	8,393
UBS MSCI United Kingdom UCITS ETF GBP acc	3.52%	Equity United Kingdom	2,183
State Street SPDR MSCI World UCITS ETF USD Unhedged (Acc)	0.12%	Equity World	18,587
Invesco MSCI Europe Equal Weight UCITS ETF Dist	0.27%	Equity Europe Equal Weighted	61
Vanguard FTSE 100 UCITS ETF (GBP) Distributing	3.30%	Equity United Kingdom	5,560
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Dist)	0.13%	Equity World	244
Vanguard FTSE Developed World UCITS ETF Distributing	0.12%	Equity World	4,191
Fineco AM Amundi Stoxx Europe 600 UCITS ETF Acc	0.80%	Equity Europe	1
Xtrackers MSCI World Swap UCITS ETF 1C	0.12%	Equity World	5,498
UBS MSCI ACWI SF UCITS ETF hEUR acc	0.11%	Equity World	1,660
iShares UK Dividend UCITS ETF	5.01%	Equity United Kingdom Dividend	1,476
Xtrackers MSCI Europe Consumer Staples UCITS ETF 1C	9.79%	Equity Europe Consumer Staples	51
Amundi MSCI All Country World Swap UCITS ETF EUR Acc	0.11%	Equity World	2,529
Xtrackers MSCI World UCITS ETF 2C - EUR Hedged	0.12%	Equity World	444
State Street SPDR MSCI World UCITS ETF GBP Hedged (Dist)	0.12%	Equity World	358
UBS MSCI ACWI SF UCITS ETF CHF Hedged Ukdis	0.11%	Equity World	90
BNP Paribas Easy MSCI World UCITS ETF EUR Acc	0.12%	Equity World	204
iShares Europe Foreign Focus UCITS ETF EUR (Acc)	1.21%	Equity Europe	11
Invesco FTSE All-World UCITS ETF Acc	0.13%	Equity World	4,248
Xtrackers MSCI Europe Value UCITS ETF 1C	3.18%	Equity Europe Value	348
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)	0.75%	Equity Europe Low Volatility/Risk Weighted	26
UBS MSCI ACWI SF UCITS ETF USD acc	0.11%	Equity World	4,046
BNP Paribas Easy MSCI Europe UCITS ETF Acc	0.80%	Equity Europe	127
iShares MSCI Europe Consumer Staples Sector UCITS ETF EUR (Acc)	9.70%	Equity Europe Consumer Staples	281
iShares STOXX Europe 50 UCITS ETF	1.58%	Equity Europe	568
Amundi Core MSCI World UCITS ETF USD Dist	0.12%	Equity World	1,652
Amundi UK Equity All Cap Index UCITS ETF Dist	3.40%	Equity United Kingdom	1,162
BNP Paribas Easy STOXX Europe 600 UCITS ETF	0.80%	Equity Europe	1,121
iShares Core MSCI Europe UCITS ETF EUR (Acc)	0.80%	Equity Europe	1,307
UBS MSCI United Kingdom UCITS ETF hEUR dis	3.52%	Equity United Kingdom	19
Amundi MSCI World Swap UCITS ETF USD Acc	0.12%	Equity World	81
HSBC MSCI Europe UCITS ETF EUR	0.80%	Equity Europe	365
UBS FTSE 100 UCITS ETF GBP dis	3.31%	Equity United Kingdom	92
Amundi MSCI World Swap II UCITS ETF EUR Hedged Dist	0.12%	Equity World	649
Xtrackers MSCI World Consumer Staples UCITS ETF 1C	2.55%	Equity World Consumer Staples	894
Amundi MSCI World Swap II UCITS ETF EUR Hedged Acc	0.12%	Equity World	612
iShares MSCI World Swap UCITS ETF EUR Hedged (Acc)	0.12%	Equity World	94
Amundi Prime Europe UCITS ETF DR (C)	0.85%	Equity Europe	343
iShares MSCI World UCITS ETF (Dist)	0.12%	Equity World	8,424
iShares Core MSCI World UCITS ETF EUR Hedged (Dist)	0.12%	Equity World	1,807
BNP Paribas Easy MSCI World II UCITS ETF EUR Acc	0.12%	Equity World	1
UBS MSCI ACWI SF UCITS ETF GBP Hedged Ukdis	0.11%	Equity World	526
Vanguard FTSE All-World UCITS ETF (USD) Accumulating	0.10%	Equity World	55,662
Amundi Core Stoxx Europe 600 UCITS ETF Dist	0.81%	Equity Europe	5
HSBC MSCI World UCITS ETF USD (Acc)	0.12%	Equity World	2,308
Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)	0.75%	Equity Europe Low Volatility/Risk Weighted	86
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Distributing	0.13%	Equity World Multi-Factor Strategy	246
BNP Paribas Easy MSCI ACWI UCITS ETF EUR (Acc)	0.11%	Equity World	77
Invesco MSCI Europe UCITS ETF	0.80%	Equity Europe	56
Invesco Global Enhanced Equity UCITS ETF Acc	0.05%	Equity World Multi-Factor Strategy	1,394
Invesco RAFI Europe Fundamental Value UCITS ETF Dist	1.19%	Equity Europe Value	34
iShares Edge MSCI Europe Value Factor UCITS ETF	3.15%	Equity Europe Value	2,496
iShares MSCI All Country World UCITS ETF USD (Acc)	0.11%	Equity World	31,438
Xtrackers FTSE 100 UCITS ETF Income 1D	3.38%	Equity United Kingdom	101
Fineco AM Amundi MSCI World UCITS ETF Acc	0.12%	Equity World	1
State Street SPDR MSCI All Country World UCITS ETF EUR Hedged (Acc)	0.11%	Equity World	1,798
Amundi Core MSCI ACWI Swap UCITS ETF Acc	0.11%	Equity World	101
Xtrackers MSCI Europe UCITS ETF 2C USD hedged	0.81%	Equity Europe	323
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Accumulating	0.13%	Equity World Multi-Factor Strategy	1,487
iShares MSCI World EUR Hedged UCITS ETF (Acc)	0.12%	Equity World	5,325
Xtrackers FTSE All-World UCITS ETF 1C	0.11%	Equity World	186
JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (dist)	0.96%	Equity Europe Covered Call Alternative Investments	121
Xtrackers MSCI Europe UCITS ETF 1D	0.81%	Equity Europe	378
Amundi Core FTSE 100 Swap UCITS ETF EUR Hedged Acc	3.38%	Equity United Kingdom	37
State Street SPDR FTSE UK All Share UCITS ETF GBP Unhedged (Acc)	2.92%	Equity United Kingdom	470
State Street SPDR MSCI World Consumer Staples UCITS ETF USD	2.53%	Equity World Consumer Staples	141
Amundi MSCI World Swap UCITS ETF EUR Dist	0.12%	Equity World	466
iShares STOXX Europe 600 UCITS ETF EUR (Dist)	0.79%	Equity Europe	10
Amundi Prime Global UCITS ETF Dist	0.13%	Equity World	1,799
Xtrackers MSCI World UCITS ETF 1C	0.12%	Equity World	22,363
Invesco Global Enhanced Equity UCITS ETF EUR PfHdg Acc	0.05%	Equity World Multi-Factor Strategy	9
State Street SPDR MSCI World UCITS ETF USD Unhedged (Dist)	0.12%	Equity World	138
UBS MSCI ACWI SF UCITS ETF hEUR Ukdis	0.11%	Equity World	43
First Trust United Kingdom AlphaDEX UCITS ETF Dist	1.11%	Equity United Kingdom Multi-Factor Strategy	4
UBS Core MSCI Europe UCITS ETF EUR acc	0.80%	Equity Europe	790
Invesco STOXX Europe 600 UCITS ETF	0.80%	Equity Europe	520
Amundi Prime All Country World UCITS ETF Dist	0.11%	Equity World	5,300
Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating	0.78%	Equity Europe	3,233
State Street SPDR MSCI Europe Consumer Staples UCITS ETF EUR	9.73%	Equity Europe Consumer Staples	200
Xtrackers MSCI Europe UCITS ETF 1C	0.81%	Equity Europe	7,897
State Street SPDR MSCI Europe UCITS ETF EUR	0.80%	Equity Europe	385
iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)	3.15%	Equity Europe Value	126
Amundi MSCI World Swap UCITS ETF EUR Acc	0.12%	Equity World	6,947
iShares MSCI World ex-USA UCITS ETF USD (Acc)	0.46%	Equity World	3,329

Savings plan offers

Here you can find information about the savings plan availability for the stock. You can use the table to compare savings plan offers for the selected savings rate.

Select your savings amount:

Broker	Rating	Execution fee	Account fee
		0.00 €	0.00 €	View offer**
		0.00 €	0.00 €	View offer*
		0.89 € 0.89%	0.00 €	View offer*
		0.00 €	0.00 €	View offer*

Detailed comparison of all offers

Source: justETF Research; as of 11/2026. The offers are sorted in the following way: 1. Rating 2. Execution fee 3. Number of stock savings plans. The number of stock savings plans is rounded. In addition to the fees charged by online brokers, additional costs may apply. The stated fees are thus exclusive of standard market spreads, commissions, product costs and third-party fees. Please note: No guarantee can be given for the completeness, correctness and accuracy of the content listed. The information on the online brokers' homepages is decisive. Investments in securities involve risks.
*Affiliate link
** Important note: We are part of the Scalable Group since 2021 and are a wholly owned subsidiary of Scalable AG. This means that we are economically connected, but operate with editorial independence. Conflicts of interest are avoided because brokers — including Scalable — are evaluated according to uniform, objective criteria. You can view these in our transparent rating system. Ultimately, it’s up to you to decide how and with whom you want to invest.

Performance

Returns overview

YTD	+14.74%
1 month	+13.62%
3 months	+2.69%
6 months	+11.64%
1 year	+24.40%
3 years	+94.00%
5 years	+79.31%
Since inception (MAX)	+11.64%
2025	+37.41%
2024	+31.15%
2023	-29.50%
2022	+14.42%

Monthly returns in a heat map

Risk

Risk metrics in this section:

Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.

ETF returns include dividend payments (if applicable).