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Siemens Energy AG

ISIN DE000ENER6Y0

WKN ENER6Y

Market cap (in EUR)

129,906 m

Country

Germany

Sector

Industrials

Dividend yield

0.46%

Overview

Quote

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Description

Siemens Energy AG engages in the provision of energy technology solutions. It operates through the following segments: Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa. The Gas Services segment involves activities relating to gas and large steam turbines, large generators, and heat pumps, as well as the associated control technology. The Grid Technologies segment offers transmission technologies, solutions and services that are relevant for modern energy infrastructure and the energy transition. The Transformation of Industry focuses on increasing the performance, energy efficiency, and resilience of industrial processes. The Siemens Gamesa segment relates to the design, development, manufacturing, and installation of products, as well as the provision of services in the renewable energy sector. The company was founded in 1866 and is headquartered in Munich, Germany.

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Industrials Industrial Manufacturing Electrical Equipment and Power Systems Germany

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Financials

Key metrics

Market capitalisation, EUR	129,906 m
EPS, EUR	2.59
P/B ratio	12.0
P/E ratio	58.3
Dividend yield	0.46%

Income statement (2025)

Revenue, EUR	39,077 m
Net income, EUR	1,414 m
Profit margin	3.62%

What ETF is Siemens Energy AG in?

There are 381 ETFs which contain Siemens Energy AG. All of these ETFs are listed in the table below. The ETF with the largest weighting of Siemens Energy AG is the Amundi STOXX Europe 600 Energy Screened UCITS ETF Dist.

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
UBS Core MSCI World UCITS ETF hCHF acc	0.16%	Equity World	1,100
Xtrackers MSCI Global Circular Economy UCITS ETF 1C	4.05%	Equity World Social/Environmental Circular Economy	7
BNP Paribas Easy EURO STOXX 50 UCITS ETF	2.98%	Equity Europe	1,006
Xtrackers Portfolio UCITS ETF 1C	0.05%	Equity World Multi-Asset Strategy	764
iShares STOXX Europe Large 200 UCITS ETF (DE)	1.17%	Equity Europe Large Cap	140
iShares Core MSCI Europe UCITS ETF EUR (Acc)	1.05%	Equity Europe	16,070
Invesco MSCI World Equal Weight UCITS ETF	0.07%	Equity World Equal Weighted	1,679
iShares Moderate Portfolio UCITS ETF EUR (Acc)	0.02%	Equity World Social/Environmental Multi-Asset Strategy	47
Amundi MSCI EMU ESG Broad Transition UCITS ETF Acc	0.77%	Equity Europe Social/Environmental Climate Change	1,271
Goldman Sachs Alpha Enhanced World Equity Active UCITS ETF CLASS USD (Acc)	0.19%	Equity World Social/Environmental	271
UBS Core MSCI Europe UCITS ETF EUR dis	1.04%	Equity Europe	1,572
Xtrackers MSCI World ex USA UCITS ETF 1C	0.61%	Equity World	6,374
Amundi STOXX Europe 600 Energy Screened UCITS ETF Dist	16.82%	Equity Europe Energy Social/Environmental	40
State Street EMU Screened Equity Fund UCITS ETF	1.82%	Equity Europe Social/Environmental	3
Amundi F.A.Z. 100 UCITS ETF Dist	6.50%	Equity Germany	104
Amundi Core EURO STOXX 50 UCITS ETF USD Acc	3.11%	Equity Europe	43
Goldman Sachs Alpha Enhanced Europe Equity Active UCITS ETF EUR (Dist)	1.00%	Equity Europe Social/Environmental	0
Amundi Global Hydrogen UCITS ETF Acc	5.16%	Equity World Social/Environmental Hydrogen	225
UBS Core MSCI World UCITS ETF USD dis	0.16%	Equity World	2,026
Amundi DAX II UCITS ETF Acc	7.82%	Equity Germany	1,297
UBS MSCI World ex USA UCITS ETF USD acc	0.59%	Equity World	362
Fidelity US Fundamental Large Cap Core UCITS ETF ACC-USD	0.32%	Equity United States Large Cap	76
iShares STOXX Europe Equity Multifactor UCITS ETF EUR (Acc)	1.30%	Equity Europe Multi-Factor Strategy	679
CT QR Series Global Equity Active UCITS ETF USD Dist	0.31%	Equity World Fundamental/Quality	4
Vanguard LifeStrategy 40% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	45
Xtrackers EURO STOXX 50 UCITS ETF 1D	2.88%	Equity Europe	6,128
VanEck European Equal Weight Screened UCITS ETF A	1.02%	Equity Europe Equal Weighted	90
iShares MSCI ACWI UCITS ETF USD (Dist)	0.14%	Equity World	20
iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)	0.53%	Equity Europe Social/Environmental	431
UBS MSCI EMU Climate Paris Aligned UCITS ETF EUR acc	0.25%	Equity Europe Social/Environmental Climate Change	5
Deka MSCI World Climate Change ESG UCITS ETF	0.01%	Equity World Social/Environmental Climate Change	1,845
iShares Edge MSCI Europe Momentum Factor UCITS ETF	3.36%	Equity Europe Momentum	744
iShares STOXX Europe 600 Oil & Gas UCITS ETF (DE)	15.59%	Equity Europe Energy	533
HSBC Europe Ex UK Screened Equity UCITS ETF EUR (Dist)	0.25%	Equity Europe Social/Environmental Climate Change	46
iShares World Equity High Income UCITS ETF USD (Dist)	0.36%	Equity World Social/Environmental	541
iShares MSCI Europe Paris-Aligned Climate UCITS ETF EUR (Acc)	0.30%	Equity Europe Social/Environmental Climate Change	185
Scalable MSCI AC World Xtrackers UCITS ETF 1C	0.11%	Equity World	734
iShares World Equity Factor Rotation Active UCITS ETF USD (Acc)	0.42%	Equity World Multi-Factor Strategy	226
Amundi MSCI Europe ESG Broad Transition UCITS ETF EUR Hedged Acc	0.56%	Equity Europe Social/Environmental Climate Change	61
JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (acc)	0.79%	Equity Europe Covered Call Alternative Investments	19
Invesco MSCI Europe Equal Weight UCITS ETF	0.26%	Equity Europe Equal Weighted	214
Amundi Core Stoxx Europe 600 UCITS ETF Acc	1.03%	Equity Europe	20,909
Amundi STOXX Europe 600 ESG UCITS ETF DR EUR (C)	1.22%	Equity Europe Social/Environmental	1,860
Amundi Prime All Country World UCITS ETF GBP Hedged Dist	0.15%	Equity World	29
Amundi MSCI Europe UCITS ETF Acc	1.10%	Equity Europe	622
Xtrackers Stoxx Europe 600 UCITS ETF 2C - EUR Hedged	0.98%	Equity Europe	12
Ossiam Bloomberg Eurozone PAB NR UCITS ETF 1C (EUR)	0.21%	Equity Europe Social/Environmental Climate Change	237
Xtrackers MSCI Europe Industrials UCITS ETF 1C	5.56%	Equity Europe Industrials	41
Amundi EURO STOXX 50 II UCITS ETF USD Hedged Acc	3.11%	Equity Europe	140
Invesco Global Enhanced Equity UCITS ETF GBP PfHdg Acc	0.10%	Equity World Multi-Factor Strategy	4
UBS Core MSCI EMU UCITS ETF hUSD acc	1.91%	Equity Europe	746
Vanguard LifeStrategy 20% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	15
iShares MSCI World Paris-Aligned Climate UCITS ETF USD (Acc)	0.05%	Equity World Social/Environmental Climate Change	416
Fidelity Global Quality Income UCITS ETF ACC-USD	0.23%	Equity World Dividend	16
Xtrackers FTSE All-World ex US UCITS ETF 1C	0.36%	Equity World	46
State Street SPDR MSCI All Country World UCITS ETF USD Hedged (Acc)	0.15%	Equity World	96
Amundi MSCI World Momentum Advanced UCITS ETF Acc	0.63%	Equity World Momentum Climate Change	560
Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	0.13%	Equity World	59
HSBC EURO STOXX 50 UCITS ETF EUR	2.92%	Equity Europe	1,643
Xtrackers MSCI World UCITS ETF 1D	0.17%	Equity World	4,902
Invesco EURO STOXX 50 Equal Weight UCITS ETF (Acc)	2.11%	Equity Europe Equal Weighted	1
iShares AI Innovation Active UCITS ETF USD (Acc)	1.52%	Equity World Social/Environmental Artificial Intelligence	262
JPMorgan Europe Research Enhanced Index Equity Active UCITS ETF EUR (dist)	0.84%	Equity Europe Social/Environmental	122
iShares EURO STOXX UCITS ETF (DE)	1.81%	Equity Europe	2,952
iShares EURO STOXX 50 UCITS ETF (DE)	2.91%	Equity Europe	9,462
iShares MSCI Europe Climate Transition Aware UCITS ETF EUR (Dist)	1.44%	Equity Europe Social/Environmental Climate Change	1
Xtrackers MSCI EMU UCITS ETF 4C	1.94%	Equity Europe	6
UBS MSCI ACWI Universal UCITS ETF USD dis	0.13%	Equity World Social/Environmental	2,263
HSBC MSCI World UCITS ETF EUR Hedged (Acc)	0.16%	Equity World	688
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.13%	Equity World Social/Environmental	74
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.13%	Equity World Social/Environmental	98
Vanguard LifeStrategy 40% Equity UCITS ETF Accumulating	0.00%	Equity World Multi-Asset Strategy	241
iShares Core MSCI Europe UCITS ETF EUR (Dist)	1.05%	Equity Europe	10,832
Amundi MSCI EMU High Dividend UCITS ETF UCITS ETF Acc	0.05%	Equity Europe Dividend	376
BNP Paribas Easy ESG Enhanced Europe UCITS ETF Acc	1.27%	Equity Europe Social/Environmental	684
JPMorgan Europe Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.84%	Equity Europe Social/Environmental	2,862
Amundi Prime Europe UCITS ETF DR (D)	1.12%	Equity Europe	258
iShares STOXX Europe 600 Top 20 UCITS ETF (DE) EUR (Dist)	3.28%	Equity Europe Large Cap	142
Xtrackers World Green Tech Innovators UCITS ETF 1C	0.36%	Equity World Social/Environmental Innovation	16
Fidelity Europe Equity Research Enhanced UCITS ETF ACC-Euro	1.41%	Equity Europe Social/Environmental	92
Xtrackers MSCI World Industrials UCITS ETF 1C	1.45%	Equity World Industrials	1,240
Amundi EURO STOXX 50 II UCITS ETF Acc	3.11%	Equity Europe	4,586
Amundi MSCI Europe Growth UCITS ETF Dist	2.28%	Equity Europe Growth	92
Invesco Europe Enhanced Equity UCITS ETF Acc	1.04%	Equity Europe Multi-Factor Strategy	292
HSBC PLUS World Equity Income Quant Active UCITS ETF USD Acc	0.30%	Equity World Dividend	3
Amundi MSCI Europe Action UCITS ETF Dist	1.72%	Equity Europe Social/Environmental Climate Change	2,287
L&G Clean Energy UCITS ETF	1.55%	Equity World Utilities Social/Environmental Clean Energy	674
BNP Paribas Easy ESG Enhanced World UCITS ETF EUR Hedged Acc	0.19%	Equity World Social/Environmental	111
Amundi Core MSCI EMU UCITS ETF Dist	2.04%	Equity Europe	777
First Trust Eurozone AlphaDEX UCITS ETF Acc	0.70%	Equity Europe Multi-Factor Strategy	109
Goldman Sachs Alpha Enhanced World Equity Active UCITS ETF USD (Dist)	1.00%	Equity World Social/Environmental	0
Amundi Core MSCI Europe UCITS ETF Acc	1.10%	Equity Europe	4,241
CT QR Series European Equity Active UCITS ETF EUR Dist	1.54%	Equity Europe Fundamental/Quality	1
BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF USD	2.79%	Equity World Social/Environmental Hydrogen	0
Deka STOXX Europe 50® UCITS ETF	1.96%	Equity Europe	195
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF USD C	0.14%	Equity World Social/Environmental	62
BNP Paribas Easy EURO STOXX 50 UCITS ETF	2.98%	Equity Europe	867
iShares Core MSCI EMU UCITS ETF EUR (Dist)	1.94%	Equity Europe	534
iShares STOXX Europe 600 UCITS ETF (DE) EUR (Acc)	0.97%	Equity Europe	897
Vanguard LifeStrategy 80% Equity UCITS ETF Accumulating	0.01%	Equity World Multi-Asset Strategy	1,214
iShares Core EURO STOXX 50 UCITS ETF EUR (Acc)	2.91%	Equity Europe	7,909
Deka DAX UCITS ETF	7.34%	Equity Germany	1,921
iShares DAX ESG UCITS ETF (DE)	7.83%	Equity Germany Social/Environmental	132
Goldman Sachs Alpha Enhanced Europe Equity Active UCITS ETF EUR (Acc)	1.00%	Equity Europe Social/Environmental	526
Amundi MSCI World ESG Broad Transition UCITS ETF Dist	0.05%	Equity World Social/Environmental Climate Change	313
Amundi Prime Global UCITS ETF Acc	0.17%	Equity World	3,101
iShares MSCI World Industrials Sector Advanced UCITS ETF USD (Dist)	1.36%	Equity World Industrials Social/Environmental	112
Xtrackers DAX UCITS ETF 1C	7.64%	Equity Germany	7,184
Xtrackers MSCI EMU UCITS ETF 1D	1.94%	Equity Europe	2,049
iShares STOXX Europe 600 UCITS ETF (DE)	0.97%	Equity Europe	9,762
First Trust Germany AlphaDEX UCITS ETF Dist	3.21%	Equity Germany Multi-Factor Strategy	7
HSBC MSCI World UCITS ETF USD	0.16%	Equity World	13,843
iShares MSCI World ex-USA UCITS ETF USD (Dist)	0.59%	Equity World	0
Amundi MSCI Europe Growth UCITS ETF Acc	2.28%	Equity Europe Growth	177
L&G MSCI Europe Select UCITS ETF EUR Accumulating ETF	1.48%	Equity Europe Social/Environmental Climate Change	659
Amundi Core DAX UCITS ETF Dist	7.82%	Equity Germany	1,509
CT QR Series Global Equity Active UCITS ETF USD Acc	0.31%	Equity World Fundamental/Quality	77
L&G Global Equity UCITS ETF	0.18%	Equity World Social/Environmental	1,628
UBS MSCI EMU Universal UCITS ETF hCHF acc	1.65%	Equity Europe Social/Environmental Climate Change	6
Xtrackers S&P Europe ex UK UCITS ETF	1.30%	Equity Europe	304
Invesco MSCI World Universal Screened UCITS ETF Acc	0.13%	Equity World Social/Environmental	262
UBS MSCI ACWI Universal UCITS ETF hCHF dis	0.13%	Equity World Social/Environmental	81
UBS Core MSCI World UCITS ETF hGBP dis	0.16%	Equity World	152
UBS MSCI ACWI Universal UCITS ETF hCHF acc	0.13%	Equity World Social/Environmental	1,760
HANetf Ukraine Reconstruction UCITS ETF Acc	4.80%	Equity World Infrastructure	19
Vanguard LifeStrategy 80% Equity UCITS ETF Distributing	0.01%	Equity World Multi-Asset Strategy	93
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.13%	Equity World Social/Environmental	220
iShares MSCI EMU Paris-Aligned Climate UCITS ETF EUR (Dist)	0.54%	Equity Europe Social/Environmental Climate Change	704
Amundi DAX II UCITS ETF Dist	7.82%	Equity Germany	83
UBS Core MSCI World UCITS ETF hEUR acc	0.16%	Equity World	1,086
Xtrackers MSCI World Minimum Volatility ESG UCITS ETF 1C	0.06%	Equity World Low Volatility/Risk Weighted	30
iShares Core MSCI EMU UCITS ETF EUR (Acc)	1.94%	Equity Europe	6,321
iShares MSCI Europe Paris-Aligned Climate UCITS ETF EUR (Dist)	0.30%	Equity Europe Social/Environmental Climate Change	27
iShares Conservative Portfolio UCITS ETF EUR (Acc)	0.01%	Equity World Social/Environmental Multi-Asset Strategy	16
Franklin FTSE Developed World UCITS ETF USD Capitalisation	0.16%	Equity World	19
Fidelity Global Equity Research Enhanced UCITS ETF ACC-USD	0.22%	Equity World Social/Environmental	235
Amundi Core Stoxx Europe 600 UCITS ETF USD Hedged Acc	1.03%	Equity Europe	130
BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc	0.15%	Equity World Social/Environmental	451
Xtrackers DJE Europe Equity Research UCITS ETF 1C	2.56%	Equity Europe Multi-Factor Strategy	56
iShares MSCI Europe Industrials Sector UCITS ETF EUR (Acc)	5.47%	Equity Europe Industrials	1,320
Amundi Core MSCI World UCITS ETF Acc	0.18%	Equity World	14,657
HSBC MSCI Europe UCITS ETF EUR (Acc)	1.06%	Equity Europe	105
iShares EURO STOXX 50 ESG UCITS ETF EUR (Acc)	3.19%	Equity Europe Social/Environmental	136
Deka EURO STOXX 50 UCITS ETF	2.90%	Equity Europe	1,385
Xtrackers Electrification Technologies & Smart Grid UCITS ETF 1C	3.92%	Equity World Infrastructure Electrification	95
Xtrackers MSCI EMU Climate Transition UCITS ETF 1C	0.68%	Equity Europe Social/Environmental Climate Change	18
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.13%	Equity World Social/Environmental	5,723
iShares MSCI World Climate Transition Aware UCITS ETF USD (Acc)	0.23%	Equity World Social/Environmental Climate Change	8
Amundi European Strategic Autonomy UCITS ETF Acc	3.44%	Equity Europe	26
UBS Core MSCI Europe UCITS ETF USD acc	1.04%	Equity Europe	50
UBS MSCI World ex USA Climate Paris Aligned UCITS ETF USD acc	0.03%	Equity World Social/Environmental Climate Change	56
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)	0.69%	Equity World Momentum	4,932
Vanguard LifeStrategy 60% Equity UCITS ETF Accumulating	0.01%	Equity World Multi-Asset Strategy	940
Amundi EURO STOXX 50 II UCITS ETF GBP Hedged Acc	3.11%	Equity Europe	29
iShares Moderate Portfolio UCITS ETF USD Hedged (Acc)	0.02%	Equity World Social/Environmental Multi-Asset Strategy	7
iShares MSCI EMU Paris-Aligned Climate UCITS ETF EUR (Acc)	0.54%	Equity Europe Social/Environmental Climate Change	1,572
VanEck Electrification and Power Infrastructure UCITS ETF Acc	6.09%	Equity World Infrastructure Electrification	36
iShares Dow Jones Eurozone Sustainability Screened UCITS ETF (DE)	4.74%	Equity Europe Social/Environmental	217
UBS Core MSCI Europe UCITS ETF hEUR acc	1.04%	Equity Europe	138
UBS MSCI Europe Climate Paris Aligned UCITS ETF EUR acc	0.25%	Equity Europe Social/Environmental Climate Change	6
Amundi STOXX Europe 600 Energy Screened UCITS ETF Acc	16.82%	Equity Europe Energy Social/Environmental	198
UBS EURO STOXX 50 ESG UCITS ETF EUR dis	3.22%	Equity Europe Social/Environmental	3,839
Xtrackers DAX UCITS ETF 1D	7.64%	Equity Germany	156
iShares Core MSCI World UCITS ETF USD (Acc)	0.16%	Equity World	127,926
iShares MSCI EMU Climate Transition Aware UCITS ETF EUR (Dist)	2.64%	Equity Europe Social/Environmental Climate Change	1
Xtrackers Stoxx Europe 600 UCITS ETF 1D	0.98%	Equity Europe	1,297
iShares MSCI World Climate Transition Aware UCITS ETF USD (Dist)	0.23%	Equity World Social/Environmental Climate Change	5
UBS MSCI EMU Universal UCITS ETF EUR acc	1.65%	Equity Europe Social/Environmental Climate Change	230
iShares Growth Portfolio UCITS ETF EUR (Acc)	0.04%	Equity World Social/Environmental Multi-Asset Strategy	104
Deka STOXX Europe Strong Growth 20 UCITS ETF	7.57%	Equity Europe Growth	149
Amundi Core MSCI Europe UCITS ETF Dist	1.10%	Equity Europe	459
State Street SPDR MSCI World UCITS ETF EUR Hedged (Acc)	0.16%	Equity World	847
Amundi Core MSCI World UCITS ETF EUR Hedged Acc	0.18%	Equity World	61
ODDO BHF Global Equity Active UCITS ETF (Acc)	0.02%	Equity World Social/Environmental	6
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (dist)	0.13%	Equity World Social/Environmental	60
Vanguard FTSE All-World UCITS ETF (USD) Distributing	0.13%	Equity World	23,299
Deka MSCI Europe UCITS ETF	1.03%	Equity Europe	1,452
State Street SPDR MSCI All Country World UCITS ETF USD Unhedged (Acc)	0.15%	Equity World	15,332
iShares Growth Portfolio UCITS ETF USD Hedged (Acc)	0.04%	Equity World Social/Environmental Multi-Asset Strategy	2
Xtrackers World Equity Enhanced Active UCITS ETF 1C	0.12%	Equity World Social/Environmental	434
Vanguard FTSE Eurozone UCITS ETF EUR Dist	1.79%	Equity Europe	5
Xtrackers MSCI World Momentum UCITS ETF 1C	0.66%	Equity World Momentum	2,002
UBS Core MSCI Europe UCITS ETF hCHF acc	1.04%	Equity Europe	150
Invesco MSCI Europe Ex UK Universal Screened UCITS ETF	0.85%	Equity Europe Social/Environmental	11
Fidelity Global Quality Income UCITS ETF INC-USD	0.23%	Equity World Dividend	776
BNP Paribas Easy MSCI World ex USA UCITS ETF EUR Acc	0.61%	Equity World	2
Amundi ETF DAX UCITS ETF DR	7.82%	Equity Germany	1,412
UBS MSCI World ex Mega Cap UCITS ETF USD acc	0.28%	Equity World	6
Amundi Core EURO STOXX 50 UCITS ETF EUR Dist	3.11%	Equity Europe	984
Vanguard FTSE Developed Europe UCITS ETF Distributing	0.96%	Equity Europe	4,844
Amundi MSCI World Ex USA UCITS ETF Dist	0.66%	Equity World	130
Amundi MSCI World ESG Broad Transition UCITS ETF EUR Hedged (Acc)	0.05%	Equity World Social/Environmental Climate Change	2
iShares MSCI World CTB Enhanced ESG UCITS ETF EUR Hedged (Acc)	0.05%	Equity World Social/Environmental	278
iShares MSCI World CTB Enhanced ESG UCITS ETF USD (Dist)	0.05%	Equity World Social/Environmental	631
Ossiam STOXX Europe 600 ESG Equal Weight NR UCITS ETF 1C (EUR)	0.22%	Equity Europe Equal Weighted	199
Xtrackers MSCI World IMI UCITS ETF 1C Capitalisation	0.15%	Equity World	13
Invesco MSCI Europe Universal Screened UCITS ETF Acc	0.69%	Equity Europe Social/Environmental	193
iShares Core DAX® UCITS ETF (DE) EUR (Dist)	7.34%	Equity Germany	79
Amundi Multi-Asset Portfolio Offensive UCITS ETF Dist	0.34%	Equity World Multi-Asset Strategy	53
Amundi MSCI Europe ESG Broad Transition UCITS ETF EUR Dist	0.56%	Equity Europe Social/Environmental Climate Change	18
Amundi MSCI World Ex USA UCITS ETF Acc	0.66%	Equity World	652
Vanguard LifeStrategy 60% Equity UCITS ETF Distributing	0.01%	Equity World Multi-Asset Strategy	122
Deka STOXX Europe Strong Style Composite 40 UCITS ETF	3.86%	Equity Europe Value	40
UBS Core MSCI World UCITS ETF USD acc	0.16%	Equity World	10,350
iShares FTSE All-World UCITS ETF USD (Acc)	0.13%	Equity World	26
iShares Core MSCI World UCITS ETF USD (Dist)	0.16%	Equity World	789
UBS EURO STOXX 50 ESG UCITS ETF EUR acc	3.22%	Equity Europe Social/Environmental	487
iShares World Equity Enhanced Active UCITS ETF EUR Hedged (Acc)	0.32%	Equity World Social/Environmental Multi-Asset Strategy	123
Invesco RAFI All-World Fundamental Value UCITS ETF	0.06%	Equity World Value	260
Franklin S&P World Screened UCITS ETF Acc	0.17%	Equity United States Social/Environmental Climate Change	13
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF CHF Hedged (acc)	0.13%	Equity World Social/Environmental	5
Invesco FTSE All-World UCITS ETF GBP PfHdg Dist	0.13%	Equity World	31
BNP Paribas Easy MSCI World ex USA UCITS ETF Acc	0.61%	Equity World	11
Xtrackers STOXX Europe 600 UCITS ETF 1C	0.98%	Equity Europe	4,335
Amundi Multi-Asset Portfolio Defensive UCITS ETF Dist	0.23%	Equity World Multi-Asset Strategy	76
BNP Paribas Easy MSCI World UCITS ETF USD Acc	0.17%	Equity World	81
Amundi Prime All Country World UCITS ETF Acc	0.15%	Equity World	2,623
UBS MSCI World UCITS ETF USD dis	0.16%	Equity World	1,492
Vanguard FTSE Developed World UCITS ETF Acc	0.15%	Equity World	5,870
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF USD (dist)	0.13%	Equity World Social/Environmental	1,786
Amundi FTSE All World GDP-Weighted UCITS ETF Acc	0.36%	Equity World	22
BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Acc	0.15%	Equity World Social/Environmental	571
JPMorgan Eurozone Research Enhanced Index Equity Active UCITS ETF EUR (dist)	1.73%	Equity Europe Social/Environmental	4
L&G Hydrogen Economy UCITS ETF USD Acc	3.07%	Equity World Social/Environmental Hydrogen	413
UBS Core MSCI EMU UCITS ETF EUR dis	1.91%	Equity Europe	1,859
State Street Global Screened Enhanced Equity Fund UCITS ETF	0.78%	Equity World Social/Environmental	4
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)	0.11%	Equity World	6,931
BNP Paribas Easy MSCI EMU Min TE UCITS ETF	1.90%	Equity Europe Social/Environmental	1,277
Amundi MSCI Europe ex Switzerland ESG Broad Transition UCITS ETF Acc	0.69%	Equity Europe Social/Environmental Climate Change	623
State Street SPDR MSCI World UCITS ETF USD Unhedged	0.16%	Equity World	17,786
Vanguard FTSE Developed Europe ex UK UCITS ETF (EUR) Distributing	1.25%	Equity Europe	3,369
Invesco MSCI Europe Equal Weight UCITS ETF Dist	0.26%	Equity Europe Equal Weighted	58
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Dist)	0.11%	Equity World	197
Deka DAX (ausschüttend) UCITS ETF	7.34%	Equity Germany	1,074
iShares Nuclear Energy and Uranium Mining UCITS ETF USD (Acc)	3.72%	Equity World Uranium	27
iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Acc)	0.53%	Equity Europe Social/Environmental	3,632
Deka MSCI World UCITS ETF	0.16%	Equity World	5,534
Fidelity Europe Quality Income UCITS ETF ACC-GBP (hedged)	1.45%	Equity Europe Dividend	2
Vanguard FTSE Developed World UCITS ETF Distributing	0.15%	Equity World	4,185
iShares Core MSCI EMU UCITS ETF USD Hedged (Acc)	1.94%	Equity Europe	843
Fidelity Global Quality Income UCITS ETF INC-CHF (hedged)	0.23%	Equity World Dividend	28
iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist)	3.36%	Equity Europe Momentum	41
UBS MSCI ACWI Universal UCITS ETF hEUR acc	0.13%	Equity World Social/Environmental	757
Amundi Core DAX UCITS ETF Acc	7.82%	Equity Germany	9
iShares MSCI Europe Climate Transition Aware UCITS ETF EUR (Acc)	1.44%	Equity Europe Social/Environmental Climate Change	6
UBS MSCI EMU Universal UCITS ETF hUSD acc	1.65%	Equity Europe Social/Environmental Climate Change	5
Amundi Multi-Asset Portfolio UCITS ETF Dist	0.31%	Equity World Multi-Asset Strategy	269
Xtrackers MSCI World ex USA UCITS ETF 1D	0.61%	Equity World	248
Xtrackers MSCI World UCITS ETF 2C - EUR Hedged	0.17%	Equity World	442
State Street SPDR MSCI World UCITS ETF GBP Hedged (Dist)	0.16%	Equity World	345
Amundi EURO STOXX 50 II UCITS ETF CHF Hedged Acc	3.11%	Equity Europe	102
BNP Paribas Easy MSCI World UCITS ETF EUR Acc	0.17%	Equity World	155
iShares Europe Foreign Focus UCITS ETF EUR (Acc)	1.44%	Equity Europe	11
Invesco FTSE All-World UCITS ETF	0.13%	Equity World	3,806
iShares Conservative Portfolio UCITS ETF USD Hedged (Acc)	0.01%	Equity World Social/Environmental Multi-Asset Strategy	1
CT QR Series European Equity Active UCITS ETF EUR Acc	1.54%	Equity Europe Fundamental/Quality	51
UBS Core MSCI EMU UCITS ETF hCHF acc	1.91%	Equity Europe	734
iShares MSCI World Islamic UCITS ETF	0.57%	Equity World Islamic Investing	1,334
iShares MSCI World Paris-Aligned Climate UCITS ETF USD (Dist)	0.05%	Equity World Social/Environmental Climate Change	189
State Street SPDR MSCI World Industrials UCITS ETF USD	1.46%	Equity World Industrials	199
UBS Core EURO STOXX 50 UCITS ETF EUR dis	2.90%	Equity Europe	812
iShares World Equity Enhanced Active UCITS ETF GBP Hedged (Acc)	0.32%	Equity World Social/Environmental Multi-Asset Strategy	56
iShares Europe Equity Enhanced Active UCITS ETF EUR (Acc)	1.25%	Equity Europe Social/Environmental Multi-Asset Strategy	626
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF EUR Acc	0.14%	Equity World Social/Environmental	17
BNP Paribas Easy ECPI Global ESG Blue Economy UCITS ETF USD	2.51%	Equity World Social/Environmental	1
iShares STOXX Europe 50 UCITS ETF	1.96%	Equity Europe	582
Amundi Core MSCI World UCITS ETF USD Dist	0.18%	Equity World	1,657
UBS MSCI ACWI Universal UCITS ETF hGBP acc	0.13%	Equity World Social/Environmental	366
Xtrackers Global Equity Top Active UCITS ETF 1C	1.00%	Equity World Fundamental/Quality	8
BNP Paribas Easy MSCI EMU UCITS ETF Acc	1.95%	Equity Europe	53
Xtrackers MSCI EMU UCITS ETF 3C CHF hedged	1.94%	Equity Europe	115
iShares Core MSCI Europe UCITS ETF EUR (Acc)	1.05%	Equity Europe	1,250
iShares STOXX Europe Equity Multifactor UCITS ETF EUR (Dist)	1.30%	Equity Europe Multi-Factor Strategy	219
Amundi Core Stoxx Europe 600 UCITS ETF EUR Hedged Dist	1.03%	Equity Europe	56
Invesco EURO STOXX 50 Equal Weight UCITS ETF (Dist)	2.11%	Equity Europe Equal Weighted	1
UBS MSCI ACWI Universal UCITS ETF hJPY acc	0.13%	Equity World Social/Environmental	1
HSBC MSCI Europe UCITS ETF EUR	1.06%	Equity Europe	363
Amundi Core EURO STOXX 50 UCITS ETF EUR Acc	3.11%	Equity Europe	4,162
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF EUR Hedged (acc)	0.13%	Equity World Social/Environmental	926
L&G Europe ex UK Equity UCITS ETF	1.52%	Equity Europe Social/Environmental	470
Amundi Prime Eurozone UCITS ETF DR (D)	2.11%	Equity Europe	81
Xtrackers EURO STOXX 50 UCITS ETF 1C	2.88%	Equity Europe	6,522
Amundi Prime Europe UCITS ETF DR (C)	1.12%	Equity Europe	240
Fidelity Europe Quality Income UCITS ETF ACC-Euro	1.45%	Equity Europe Dividend	35
iShares MSCI World UCITS ETF (Dist)	0.16%	Equity World	8,301
VanEck World Equal Weight Screened UCITS ETF A	0.39%	Equity World Equal Weighted	1,462
Amundi MSCI EMU ESG Broad Transition UCITS ETF Dist	0.77%	Equity Europe Social/Environmental Climate Change	170
Fidelity Global Quality Income UCITS ETF INC-Euro (hedged)	0.23%	Equity World Dividend	43
iShares Core MSCI World UCITS ETF EUR Hedged (Dist)	0.16%	Equity World	1,820
Xtrackers MSCI EMU UCITS ETF 1C - USD Hedged	1.94%	Equity Europe	336
Xtrackers Europe Equity Enhanced Active UCITS ETF 1C	1.00%	Equity Europe Social/Environmental	69
UBS Core MSCI EMU UCITS ETF hGBP dis	1.91%	Equity Europe	85
Vanguard FTSE All-World UCITS ETF (USD) Accumulating	0.13%	Equity World	47,509
HSBC Europe Screened Equity UCITS ETF EUR	0.36%	Equity Europe Social/Environmental Climate Change	19
HSBC MSCI World UCITS ETF USD (Acc)	0.16%	Equity World	1,982
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Distributing	0.13%	Equity World Multi-Factor Strategy	223
iShares MSCI World CTB Enhanced ESG UCITS ETF USD (Acc)	0.05%	Equity World Social/Environmental	4,413
Amundi MSCI New Energy UCITS ETF Dist	8.59%	Equity World Utilities Social/Environmental Clean Energy	898
BNP Paribas Easy II MSCI Europe PAB UCITS ETF EUR Acc	0.26%	Equity Europe Social/Environmental Climate Change	157
JPMorgan Eurozone Research Enhanced Index Equity Active UCITS ETF EUR (acc)	1.73%	Equity Europe Social/Environmental	558
BNP Paribas Easy ESG Enhanced World UCITS ETF EUR Acc	0.19%	Equity World Social/Environmental	403
Invesco Global Enhanced Equity UCITS ETF Acc	0.10%	Equity World Multi-Factor Strategy	898
Amundi S&P Global Industrials ESG UCITS ETF EUR (D)	2.08%	Equity World Industrials Social/Environmental	19
Amundi Core MSCI EMU UCITS ETF Acc	2.04%	Equity Europe	627
Vanguard FTSE Eurozone UCITS ETF EUR Acc	1.79%	Equity Europe	654
Invesco RAFI Europe Fundamental Value UCITS ETF	0.23%	Equity Europe Value	34
iShares Core DAX® UCITS ETF (DE) EUR (Acc)	7.34%	Equity Germany	8,848
VanEck Multi-Asset Balanced Allocation UCITS ETF	0.26%	Equity World Social/Environmental Multi-Asset Strategy	43
HSBC Developed World Screened Equity UCITS ETF USD (Dist)	0.08%	Equity World Social/Environmental Climate Change	61
Amundi MSCI Europe ESG Broad Transition UCITS ETF EUR Acc	0.56%	Equity Europe Social/Environmental Climate Change	2,456
BNP Paribas Easy MSCI Europe Min TE UCITS ETF	1.02%	Equity Europe Social/Environmental	3,478
iShares MSCI ACWI UCITS ETF USD (Acc)	0.14%	Equity World	30,645
Deka MSCI Germany Climate Change ESG UCITS ETF	3.37%	Equity Germany Social/Environmental Climate Change	128
Fidelity Europe Quality Income UCITS ETF INC-Euro	1.45%	Equity Europe Dividend	29
Amundi S&P Global Industrials ESG UCITS ETF DR EUR (A)	2.08%	Equity World Industrials Social/Environmental	355
State Street SPDR MSCI EMU UCITS ETF EUR	1.97%	Equity Europe	366
HSBC PLUS World Equity Quant Active UCITS ETF USD Acc	0.07%	Equity World Multi-Factor Strategy	607
iShares Euro Total Market Growth Large UCITS ETF	4.10%	Equity Europe Growth	340
BNP Paribas Easy ECPI Global ESG Blue Economy UCITS ETF EUR	2.51%	Equity World Social/Environmental	100
State Street Europe Screened Enhanced Equity Fund UCITS ETF	0.78%	Equity Europe Social/Environmental	3
State Street SPDR MSCI All Country World UCITS ETF EUR Hedged (Acc)	0.15%	Equity World	1,710
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR Hedged (acc)	0.13%	Equity World Social/Environmental	29
Xtrackers MSCI Europe UCITS ETF 2C USD hedged	1.07%	Equity Europe	298
Vanguard Germany All Cap UCITS ETF (EUR) Distributing	6.69%	Equity Germany	263
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Accumulating	0.13%	Equity World Multi-Factor Strategy	1,392
iShares MSCI World EUR Hedged UCITS ETF (Acc)	0.16%	Equity World	5,390
Invesco Dow Jones Islamic Global Developed Markets UCITS ETF	0.22%	Equity World Islamic Investing	969
Xtrackers FTSE All-World UCITS ETF 1C	0.14%	Equity World	80
iShares MSCI Europe ex-UK UCITS ETF	1.35%	Equity Europe	1,770
Invesco FTSE All-World UCITS ETF	0.13%	Equity World	283
Vanguard LifeStrategy 20% Equity UCITS ETF Accumulating	0.00%	Equity World Multi-Asset Strategy	102
Fidelity Global Quality Income UCITS ETF INC-GBP (hedged)	0.23%	Equity World Dividend	63
iShares MSCI EMU Climate Transition Aware UCITS ETF EUR (Acc)	2.64%	Equity Europe Social/Environmental Climate Change	5
JPMorgan Europe Equity Premium Income Active UCITS ETF EUR (dist)	0.79%	Equity Europe Covered Call Alternative Investments	82
Xtrackers MSCI Europe UCITS ETF 1D	1.07%	Equity Europe	487
HSBC PLUS World Equity Income Quant Active UCITS ETF USD Dist	0.30%	Equity World Dividend	143
BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Hedged Acc	0.15%	Equity World Social/Environmental	110
iShares STOXX Europe 600 UCITS ETF EUR (Dist)	0.97%	Equity Europe	8
UBS MSCI EMU Select Factor Mix UCITS ETF EUR acc	0.81%	Equity Europe Multi-Factor Strategy	17
iShares MSCI EMU Large Cap UCITS ETF	2.34%	Equity Europe Large Cap	167
Amundi Prime Global UCITS ETF Dist	0.17%	Equity World	1,630
First Trust Eurozone AlphaDEX UCITS ETF B Dist	0.70%	Equity Europe Multi-Factor Strategy	20
Xtrackers MSCI World UCITS ETF 1C	0.17%	Equity World	20,417
Invesco Global Enhanced Equity UCITS ETF EUR PfHdg Acc	0.10%	Equity World Multi-Factor Strategy	8
iShares MSCI Europe CTB Enhanced ESG UCITS ETF EUR (Acc)	0.29%	Equity Europe Social/Environmental	2,548
iShares World Equity High Income Active UCITS ETF USD (Acc)	0.36%	Equity World Social/Environmental	21
BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF EUR	2.79%	Equity World Social/Environmental Hydrogen	19
iShares MSCI World GBP Hedged UCITS ETF (Acc)	0.16%	Equity World	557
iShares World Equity Enhanced Active UCITS ETF USD (Acc)	0.32%	Equity World Social/Environmental Multi-Asset Strategy	1,766
Deka DAX ex Financials 30 UCITS ETF	10.12%	Equity Germany	20
UBS Core MSCI EMU UCITS ETF hUSD dis	1.91%	Equity Europe	19
iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)	2.90%	Equity Europe	5,846
Deka MSCI EMU Climate Change ESG UCITS ETF	0.17%	Equity Europe Social/Environmental Climate Change	216
Amundi MSCI World ESG Broad Transition UCITS ETF Acc	0.05%	Equity World Social/Environmental Climate Change	1,061
UBS Core MSCI Europe UCITS ETF EUR acc	1.04%	Equity Europe	604
HSBC MSCI Europe Climate Paris Aligned UCITS ETF EUR Acc	1.03%	Equity Europe Social/Environmental Climate Change	38
Amundi Prime All Country World UCITS ETF Dist	0.15%	Equity World	4,707
State Street SPDR MSCI Resilient Future UCITS ETF USD Unhedged (Acc)	3.96%	Equity World Social/Environmental	4
Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating	0.96%	Equity Europe	2,952
UBS MSCI ACWI Universal UCITS ETF hUSD acc	0.13%	Equity World Social/Environmental	1,374
BNP Paribas Easy ESG Enhanced World UCITS ETF USD Acc	0.19%	Equity World Social/Environmental	18
Xtrackers MSCI Europe UCITS ETF 1C	1.07%	Equity Europe	7,816
Amundi STOXX Europe 600 ESG II UCITS ETF Dist	1.24%	Equity Europe Social/Environmental	428
HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)	2.92%	Equity Europe	636
Xtrackers MSCI EMU UCITS ETF 2C - GBP Hedged	1.94%	Equity Europe	25
State Street SPDR MSCI Europe UCITS ETF EUR	1.06%	Equity Europe	401
First Trust IPOX Europe Equity Opportunities UCITS ETF Acc	5.83%	Equity Europe IPO	1
iShares MSCI EMU USD Hedged UCITS ETF (Acc)	1.93%	Equity Europe	271
UBS Core MSCI EMU UCITS ETF hGBP acc	1.91%	Equity Europe	34
iShares MSCI Europe CTB Enhanced ESG UCITS ETF EUR (Dist)	0.29%	Equity Europe Social/Environmental	4,980
Invesco FTSE All-World UCITS ETF CHF PfHdg Acc	0.13%	Equity World	64
State Street SPDR MSCI Europe Industrials UCITS ETF EUR	5.49%	Equity Europe Industrials	1,346
UBS Core MSCI EMU UCITS ETF EUR acc	1.91%	Equity Europe	4,043
iShares MSCI EMU CHF Hedged UCITS ETF (Acc)	1.92%	Equity Europe	190
Finanzen.net MSCI World UCITS ETF Acc	0.18%	Equity World	39
Deka MSCI Europe Climate Change ESG UCITS ETF	0.10%	Equity Europe Social/Environmental Climate Change	489
Amundi Prime Eurozone UCITS ETF DR (C)	2.11%	Equity Europe	110
Vanguard FTSE Developed Europe ex UK UCITS ETF (EUR) Accumulating	1.25%	Equity Europe	1,464
HSBC Developed World Screened Equity UCITS ETF USD	0.08%	Equity World Social/Environmental Climate Change	462
iShares MSCI World ex-USA UCITS ETF USD (Acc)	0.59%	Equity World	3,098

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 €	4100	View offer*
1.00 €	2500	View offer*
0.00 €	8045	View offer*
0.00 €	7560	View offer*

Show all offers

Source: justETF Research; as of 8/2026. 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 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.

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*
		0.00 €	0.00 €	View offer*

Show all offers

Source: justETF Research; as of 8/2026. 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	+25.46%
1 month	-9.86%
3 months	-17.05%
6 months	+2.93%
1 year	+53.30%
3 years	+882.13%
5 years	+552.07%
Since inception (MAX)	+606.64%
2025	+140.10%
2024	+319.57%
2023	-32.08%
2022	-21.73%

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).