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Canadian Pacific Kansas

ISIN CA13646K1084

WKN A3D9ZG

Market cap (in EUR)

68,350 m

Country

Canada

Sector

Industrials

Dividend yield

0.76%

Overview

Quote

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Description

Canadian Pacific Kansas City Ltd. engages in the provision of rail freight transportation services. It offers rail services linking Canada, the United States and Mexico. The company was founded on June 22, 2001, and is headquartered in Calgary, Canada.

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Industrials Industrial Services Cargo Transportation and Infrastructure Services Canada

Chart

Financials

Key metrics

Market capitalisation, EUR	68,350 m
EPS, EUR	2.80
P/B ratio	2.4
P/E ratio	27.9
Dividend yield	0.76%

Income statement (2025)

Revenue, EUR	9,568 m
Net income, EUR	2,628 m
Profit margin	27.46%

What ETF is Canadian Pacific Kansas in?

There are 176 ETFs which contain Canadian Pacific Kansas. All of these ETFs are listed in the table below. The ETF with the largest weighting of Canadian Pacific Kansas is the Xtrackers MSCI Canada Screened UCITS ETF 1C.

ETF	Weight	Investment focus	Fund size (in m EUR)
UBS Core MSCI World UCITS ETF USD acc	0.09%	Equity World	9,981
iShares MSCI World Sector & Country Neutral Equal Weight UCITS ETF USD (Acc)	0.03%	Equity World Equal Weighted	20
Xtrackers MSCI Canada Screened UCITS ETF 1C	2.80%	Equity Canada Social/Environmental	1,183
UBS Core MSCI World UCITS ETF hCHF acc	0.09%	Equity World	1,027
iShares FTSE All-World UCITS ETF USD (Acc)	0.07%	Equity World	26
Xtrackers Portfolio UCITS ETF 1C	0.02%	Equity World Multi-Asset Strategy	759
JPMorgan Carbon Transition Global Equity (CTB) UCITS ETF USD (acc)	0.36%	Equity World Social/Environmental Climate Change	200
Invesco MSCI World Equal Weight UCITS ETF	0.08%	Equity World Equal Weighted	1,516
iShares Moderate Portfolio UCITS ETF EUR (Acc)	0.01%	Equity World Social/Environmental Multi-Asset Strategy	46
UBS MSCI Canada UCITS ETF CAD acc	2.60%	Equity Canada	641
iShares Core MSCI World UCITS ETF USD (Dist)	0.09%	Equity World	769
iShares World Equity Enhanced Active UCITS ETF EUR Hedged (Acc)	0.07%	Equity World Social/Environmental Multi-Asset Strategy	133
Invesco RAFI All-World Fundamental Value UCITS ETF	0.05%	Equity World Value	236
Xtrackers MSCI World ex USA UCITS ETF 1C	0.31%	Equity World	5,952
Franklin S&P World Screened UCITS ETF Acc	0.16%	Equity United States Social/Environmental Climate Change	13
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF CHF Hedged (acc)	0.09%	Equity World Social/Environmental	4
Invesco FTSE All-World UCITS ETF GBP PfHdg Dist	0.09%	Equity World	26
Goldman Sachs Paris-Aligned Climate World Equity UCITS ETF USD (Acc)	0.04%	Equity World Social/Environmental Climate Change	8
UBS MSCI Canada UCITS ETF hCHF acc	2.60%	Equity Canada	52
State Street SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF USD	0.76%	Equity World Infrastructure Multi-Asset Strategy	970
BNP Paribas Easy MSCI World ex USA UCITS ETF Acc	0.33%	Equity World	11
JPMorgan US Equity Active UCITS ETF EUR Hedged (acc)	0.72%	Equity United States Social/Environmental	3
BNP Paribas Easy MSCI World UCITS ETF USD Acc	0.09%	Equity World	80
UBS Core MSCI World UCITS ETF USD dis	0.09%	Equity World	1,928
Amundi Prime All Country World UCITS ETF Acc	0.08%	Equity World	2,235
UBS MSCI World UCITS ETF USD dis	0.09%	Equity World	1,474
UBS MSCI World ex USA UCITS ETF USD acc	0.32%	Equity World	341
Vanguard FTSE Developed World UCITS ETF Acc	0.08%	Equity World	5,701
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF USD (dist)	0.10%	Equity World Social/Environmental	1,755
Amundi FTSE All World GDP-Weighted UCITS ETF Acc	0.06%	Equity World	14
BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF USD Acc	0.10%	Equity World Equal Weighted	25
BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Acc	0.07%	Equity World Social/Environmental	541
iShares MSCI ACWI UCITS ETF USD (Dist)	0.08%	Equity World	18
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)	0.06%	Equity World	6,324
Xtrackers MSCI AC World Screened UCITS ETF 2C - EUR Hedged	0.08%	Equity World Social/Environmental	86
iShares Dow Jones Global Leaders Screened UCITS ETF USD (Acc)	0.36%	Equity World Social/Environmental	1,841
State Street SPDR MSCI World UCITS ETF USD Unhedged	0.09%	Equity World	17,292
iShares World Equity High Income UCITS ETF USD (Dist)	0.35%	Equity World Social/Environmental	427
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Dist)	0.06%	Equity World	157
Deka MSCI World UCITS ETF	0.09%	Equity World	5,350
Scalable MSCI AC World Xtrackers UCITS ETF 1C	0.08%	Equity World	690
Vanguard FTSE Developed World UCITS ETF Distributing	0.08%	Equity World	4,105
iShares Global Infrastructure UCITS ETF USD (Dist)	2.46%	Equity World Infrastructure	2,178
Invesco MSCI ACWI Islamic M-Series UCITS ETF Acc	0.20%	Equity World Islamic Investing	76
Fidelity Global Quality Income UCITS ETF INC-CHF (hedged)	0.16%	Equity World Dividend	25
Vanguard FTSE North America UCITS ETF (USD) Accumulating	0.12%	Equity North America	2,757
Amundi Prime All Country World UCITS ETF GBP Hedged Dist	0.08%	Equity World	30
UBS MSCI Canada UCITS ETF hGBP dis	2.60%	Equity Canada	2
UBS MSCI ACWI Universal UCITS ETF hEUR acc	0.07%	Equity World Social/Environmental	668
Fidelity Global Quality Income UCITS ETF ACC-USD	0.16%	Equity World Dividend	15
Xtrackers FTSE All-World ex US UCITS ETF 1C	0.19%	Equity World	28
Xtrackers MSCI World ex USA UCITS ETF 1D	0.31%	Equity World	239
State Street SPDR MSCI All Country World UCITS ETF USD Hedged (Acc)	0.09%	Equity World	95
Xtrackers MSCI World UCITS ETF 2C - EUR Hedged	0.08%	Equity World	432
State Street SPDR MSCI World UCITS ETF GBP Hedged (Dist)	0.09%	Equity World	332
Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	0.09%	Equity World	56
Xtrackers MSCI World Screened UCITS ETF 1D	0.09%	Equity World Social/Environmental	136
Xtrackers MSCI World UCITS ETF 1D	0.08%	Equity World	4,957
BNP Paribas Easy MSCI World UCITS ETF EUR Acc	0.09%	Equity World	143
Xtrackers MSCI AC World Screened UCITS ETF 1C	0.08%	Equity World Social/Environmental	5,974
Invesco FTSE All-World UCITS ETF	0.09%	Equity World	3,526
iShares Conservative Portfolio UCITS ETF USD Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	0
JPMorgan Carbon Transition Global Equity (CTB) UCITS ETF EUR (acc)	0.36%	Equity World Social/Environmental Climate Change	139
Xtrackers MSCI World Climate Transition UCITS ETF 1C	0.16%	Equity World Social/Environmental Climate Change	22
iShares MSCI World Islamic UCITS ETF	0.30%	Equity World Islamic Investing	1,264
iShares MSCI World Screened UCITS ETF USD (Dist)	0.10%	Equity World Social/Environmental	1,161
State Street SPDR MSCI World Industrials UCITS ETF USD	0.79%	Equity World Industrials	194
UBS MSCI Canada Universal UCITS ETF CAD acc	2.68%	Equity Canada Social/Environmental Climate Change	246
iShares World Equity Enhanced Active UCITS ETF GBP Hedged (Acc)	0.07%	Equity World Social/Environmental Multi-Asset Strategy	55
UBS MSCI ACWI Universal UCITS ETF USD dis	0.07%	Equity World Social/Environmental	2,274
HSBC MSCI World UCITS ETF EUR Hedged (Acc)	0.09%	Equity World	711
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF EUR Acc	0.08%	Equity World Social/Environmental	17
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.09%	Equity World Social/Environmental	2
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.10%	Equity World Social/Environmental	75
iShares MSCI World Screened UCITS ETF USD (Acc)	0.10%	Equity World Social/Environmental	5,323
Amundi Core MSCI World UCITS ETF USD Dist	0.09%	Equity World	1,617
UBS MSCI ACWI Universal UCITS ETF hGBP acc	0.07%	Equity World Social/Environmental	281
iShares MSCI ACWI Screened UCITS ETF USD (Acc)	0.08%	Equity World Social/Environmental	2,845
Amundi MSCI North America ESG Broad Transition UCITS ETF Acc	0.04%	Equity North America Social/Environmental Climate Change	443
JPMorgan Carbon Transition Global Equity (CTB) UCITS ETF EUR Hedged (acc)	0.36%	Equity World Social/Environmental Climate Change	9
Xtrackers MSCI World Industrials UCITS ETF 1C	0.74%	Equity World Industrials	955
UBS MSCI ACWI Universal UCITS ETF hJPY acc	0.07%	Equity World Social/Environmental	119
Vanguard FTSE North America UCITS ETF (USD) Distributing	0.12%	Equity North America	2,934
BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc	0.10%	Equity World Equal Weighted	38
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF EUR Hedged (acc)	0.10%	Equity World Social/Environmental	893
Amundi MSCI World Ex USA Screened UCITS ETF	0.38%	Equity World Social/Environmental Climate Change	5
iShares MSCI World UCITS ETF (Dist)	0.09%	Equity World	8,168
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF USD C	0.08%	Equity World Social/Environmental	62
VanEck World Equal Weight Screened UCITS ETF A	0.39%	Equity World Equal Weighted	1,415
Fidelity Global Quality Income UCITS ETF INC-Euro (hedged)	0.16%	Equity World Dividend	42
iShares Core MSCI World UCITS ETF EUR Hedged (Dist)	0.09%	Equity World	1,772
Amundi MSCI World ESG Broad Transition UCITS ETF Dist	0.03%	Equity World Social/Environmental Climate Change	312
Amundi Prime Global UCITS ETF Acc	0.10%	Equity World	2,764
iShares MSCI World Industrials Sector Advanced UCITS ETF USD (Dist)	0.47%	Equity World Industrials Social/Environmental	112
Vanguard FTSE All-World UCITS ETF (USD) Accumulating	0.07%	Equity World	44,435
HSBC MSCI World UCITS ETF USD (Acc)	0.09%	Equity World	1,941
iShares Global Infrastructure UCITS ETF USD (Acc)	2.46%	Equity World Infrastructure	147
HSBC MSCI World UCITS ETF USD	0.09%	Equity World	13,711
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Distributing	0.06%	Equity World Multi-Factor Strategy	215
iShares MSCI World ex-USA UCITS ETF USD (Dist)	0.32%	Equity World	0
iShares MSCI World CTB Enhanced ESG UCITS ETF USD (Acc)	0.05%	Equity World Social/Environmental	4,313
UBS MSCI Canada UCITS ETF hGBP acc	2.60%	Equity Canada	241
iShares MSCI North America UCITS ETF	0.12%	Equity North America	1,260
L&G Global Equity UCITS ETF	0.09%	Equity World Social/Environmental	1,507
Amundi S&P Global Industrials ESG UCITS ETF EUR (D)	1.07%	Equity World Industrials Social/Environmental	19
Invesco MSCI World Universal Screened UCITS ETF Acc	0.07%	Equity World Social/Environmental	276
UBS MSCI ACWI Universal UCITS ETF hCHF dis	0.07%	Equity World Social/Environmental	67
UBS Core MSCI World UCITS ETF hGBP dis	0.09%	Equity World	107
VanEck Multi-Asset Balanced Allocation UCITS ETF	0.28%	Equity World Social/Environmental Multi-Asset Strategy	41
UBS MSCI ACWI Universal UCITS ETF hCHF acc	0.07%	Equity World Social/Environmental	1,433
HSBC Developed World Screened Equity UCITS ETF USD (Dist)	0.01%	Equity World Social/Environmental Climate Change	59
iShares MSCI ACWI UCITS ETF USD (Acc)	0.08%	Equity World	29,835
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.09%	Equity World Social/Environmental	220
Amundi S&P Global Industrials ESG UCITS ETF DR EUR (A)	1.07%	Equity World Industrials Social/Environmental	357
UBS Core MSCI World UCITS ETF hEUR acc	0.09%	Equity World	885
HSBC PLUS World Equity Quant Active UCITS ETF USD Acc	0.04%	Equity World Multi-Factor Strategy	589
State Street SPDR MSCI All Country World UCITS ETF EUR Hedged (Acc)	0.09%	Equity World	1,645
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR Hedged (acc)	0.09%	Equity World Social/Environmental	28
iShares Conservative Portfolio UCITS ETF EUR (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	16
Franklin FTSE Developed World UCITS ETF USD Capitalisation	0.09%	Equity World	19
Fidelity Global Equity Research Enhanced UCITS ETF ACC-USD	0.11%	Equity World Social/Environmental	258
UBS MSCI Canada UCITS ETF hUSD acc	2.60%	Equity Canada	58
BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc	0.07%	Equity World Social/Environmental	440
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Accumulating	0.06%	Equity World Multi-Factor Strategy	1,328
iShares MSCI World EUR Hedged UCITS ETF (Acc)	0.09%	Equity World	5,325
Amundi Core MSCI World UCITS ETF Acc	0.09%	Equity World	14,200
Invesco Dow Jones Islamic Global Developed Markets UCITS ETF	0.13%	Equity World Islamic Investing	954
Xtrackers FTSE All-World UCITS ETF 1C	0.07%	Equity World	44
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.10%	Equity World Social/Environmental	5,620
Invesco FTSE All-World UCITS ETF	0.09%	Equity World	266
iShares MSCI World Climate Transition Aware UCITS ETF USD (Acc)	0.12%	Equity World Social/Environmental Climate Change	7
Fidelity Global Quality Income UCITS ETF INC-GBP (hedged)	0.16%	Equity World Dividend	62
VanEck Multi-Asset Growth Allocation UCITS ETF	0.32%	Equity World Social/Environmental Multi-Asset Strategy	34
BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Hedged Acc	0.07%	Equity World Social/Environmental	106
iShares Moderate Portfolio UCITS ETF USD Hedged (Acc)	0.01%	Equity World Social/Environmental Multi-Asset Strategy	7
JPMorgan US Equity Active UCITS ETF USD (dist)	0.72%	Equity United States Social/Environmental	5
Amundi Prime Global UCITS ETF Dist	0.10%	Equity World	1,588
iShares Core MSCI World UCITS ETF USD (Acc)	0.09%	Equity World	124,993
Xtrackers MSCI World UCITS ETF 1C	0.08%	Equity World	19,862
JPMorgan US Equity Active UCITS ETF USD (acc)	0.72%	Equity United States Social/Environmental	39
iShares MSCI World Climate Transition Aware UCITS ETF USD (Dist)	0.12%	Equity World Social/Environmental Climate Change	5
iShares World Equity High Income Active UCITS ETF USD (Acc)	0.35%	Equity World Social/Environmental	18
iShares MSCI World GBP Hedged UCITS ETF (Acc)	0.09%	Equity World	547
iShares World Equity Enhanced Active UCITS ETF USD (Acc)	0.07%	Equity World Social/Environmental Multi-Asset Strategy	1,823
iShares Growth Portfolio UCITS ETF EUR (Acc)	0.01%	Equity World Social/Environmental Multi-Asset Strategy	99
State Street SPDR MSCI World UCITS ETF EUR Hedged (Acc)	0.09%	Equity World	803
Amundi MSCI World ESG Broad Transition UCITS ETF Acc	0.03%	Equity World Social/Environmental Climate Change	1,051
Amundi Core MSCI World UCITS ETF EUR Hedged Acc	0.09%	Equity World	60
ODDO BHF Global Equity Active UCITS ETF (Acc)	0.05%	Equity World Social/Environmental	6
Amundi Prime All Country World UCITS ETF Dist	0.08%	Equity World	4,592
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (dist)	0.09%	Equity World Social/Environmental	59
Vanguard FTSE All-World UCITS ETF (USD) Distributing	0.07%	Equity World	22,816
UBS MSCI ACWI Universal UCITS ETF hUSD acc	0.07%	Equity World Social/Environmental	1,305
Amundi MSCI North America ESG Broad Transition UCITS ETF Dist	0.04%	Equity North America Social/Environmental Climate Change	41
State Street SPDR MSCI All Country World UCITS ETF USD Unhedged (Acc)	0.09%	Equity World	14,340
iShares Growth Portfolio UCITS ETF USD Hedged (Acc)	0.01%	Equity World Social/Environmental Multi-Asset Strategy	2
Fidelity Global Equity Research Enhanced PAB UCITS ETF USD (Acc)	0.18%	Equity World Social/Environmental Climate Change	711
UBS MSCI Canada UCITS ETF hEUR acc	2.60%	Equity Canada	164
UBS MSCI Canada UCITS ETF CAD dis	2.60%	Equity Canada	771
Fidelity Global Quality Income UCITS ETF INC-USD	0.16%	Equity World Dividend	776
BNP Paribas Easy MSCI World ex USA UCITS ETF EUR Acc	0.33%	Equity World	2
UBS MSCI World ex Mega Cap UCITS ETF USD acc	0.15%	Equity World	6
Amundi MSCI World Ex USA UCITS ETF Dist	0.32%	Equity World	127
Amundi MSCI World ESG Broad Transition UCITS ETF EUR Hedged (Acc)	0.03%	Equity World Social/Environmental Climate Change	4
Invesco FTSE All-World UCITS ETF CHF PfHdg Acc	0.09%	Equity World	64
iShares MSCI World CTB Enhanced ESG UCITS ETF EUR Hedged (Acc)	0.05%	Equity World Social/Environmental	271
iShares MSCI World CTB Enhanced ESG UCITS ETF USD (Dist)	0.05%	Equity World Social/Environmental	594
Finanzen.net MSCI World UCITS ETF Acc	0.09%	Equity World	24
Xtrackers MSCI World IMI UCITS ETF 1C Capitalisation	0.08%	Equity World	12
Amundi MSCI World Screened UCITS ETF Acc	0.10%	Equity World Social/Environmental	1,528
Xtrackers MSCI World Screened UCITS ETF 1C	0.09%	Equity World Social/Environmental	549
HSBC Developed World Screened Equity UCITS ETF USD	0.01%	Equity World Social/Environmental Climate Change	432
HSBC MSCI Canada UCITS ETF USD	2.63%	Equity Canada	355
iShares MSCI Canada UCITS ETF (Acc)	2.62%	Equity Canada	2,082
Amundi MSCI World Ex USA UCITS ETF Acc	0.32%	Equity World	633
iShares MSCI World ex-USA UCITS ETF USD (Acc)	0.32%	Equity World	2,996

Order fees

Here you can find information about different brokers that allow you to trade stocks. Select your preferred order volume to compare the fees charged by the respective brokers.

Order volume:

Order fee	Stock savings plans
0.99 €	4500	View offer**
0.95 €	3400	View offer*
1.00 €	2500	View offer*
0.00 €	8045	View offer*
0.00 €	7560	View offer*

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Source: justETF Research; as of 7/2026. The offers are sorted in the following way: 1. Rating 2. Order 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 GmbH. 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.

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*
		0.00 €	0.00 €	View offer*
		0.00 €	0.00 €	View offer*
		1.50 € 1.50%	0.00 €	View offer*

Show all offers

Source: justETF Research; as of 7/2026. 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 GmbH. 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	+22.49%
1 month	-0.19%
3 months	+12.58%
6 months	+28.56%
1 year	+14.38%
3 years	-
5 years	-
Since inception (MAX)	+11.51%
2025	-8.96%
2024	-
2023	-
2022	-

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).