ACS, Actividades de Construcción y Servicios SA

ISIN ES0167050915

WKN A0CBA2

Market cap (in EUR)

29,095 m

Country

Spain

Sector

Industrials

Dividend yield

1.79%

Overview

Quote

Description

ACS, Actividades de Construcción y Servicios SA provides construction and engineering services and specializes in civil work projects. It operates through the following segments: Construction, Industrial Services, Services, and Corporate Unit. The Construction segment caters civil works, residential, and non-residential buildings. The Industrial Services segment engages in the development of applied engineering services, installations and the maintenance of industrial infrastructures in the energy, communications and control systems sectors. The Services segment comprises the integral building, public spaces and organization maintenance services provided by Clece, as well as personal assistance. The Corporate Unit segment includes corporate activity undertaken by ACS. The company was founded in 1997 and is headquartered in Madrid, Spain.

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Industrials Industrial Services Facilities and Construction Services Spain

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Financials

Key metrics

Market capitalisation, EUR	29,095 m
EPS, EUR	-
P/B ratio	4.6
P/E ratio	27.1
Dividend yield	1.79%

Income statement (2025)

Revenue, EUR	49,848 m
Net income, EUR	950 m
Profit margin	1.91%

What ETF is ACS, Actividades de Construcción y Servicios SA in?

There are 419 ETFs which contain ACS, Actividades de Construcción y Servicios SA. All of these ETFs are listed in the table below. The ETF with the largest weighting of ACS, Actividades de Construcción y Servicios SA is the iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE).

ETF	Weight	Investment focus	Fund size (in m EUR)
iShares MSCI World Sector & Country Neutral Equal Weight UCITS ETF USD (Acc)	0.03%	Equity World Equal Weighted	21
UBS Core MSCI World UCITS ETF hCHF acc	0.02%	Equity World	1,203
iShares STOXX Europe Large 200 UCITS ETF (DE)	0.19%	Equity Europe Large Cap	169
UBS Core MSCI Europe UCITS ETF EUR dis	0.15%	Equity Europe	1,659
Invesco MSCI World UCITS ETF Acc	0.02%	Equity World	9,397
State Street SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF USD	0.25%	Equity World Infrastructure Multi-Asset Strategy	684
UBS MSCI World ex USA UCITS ETF USD acc	0.08%	Equity World	494
iShares STOXX Europe Equity Multifactor UCITS ETF EUR (Acc)	0.57%	Equity Europe Multi-Factor Strategy	637
BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF USD Acc	0.08%	Equity World Equal Weighted	26
VanEck European Equal Weight Screened UCITS ETF A	0.92%	Equity Europe Equal Weighted	85
iShares MSCI All Country World UCITS ETF USD (Dist)	0.03%	Equity World	35
iShares Edge MSCI Europe Momentum Factor UCITS ETF	0.72%	Equity Europe Momentum	716
HSBC Europe Ex UK Screened Equity UCITS ETF EUR (Dist)	0.01%	Equity Europe Social/Environmental Climate Change	52
iShares World Equity High Income UCITS ETF USD (Dist)	0.13%	Equity World Covered Call Alternative Investments	823
Scalable MSCI AC World Xtrackers UCITS ETF 1C	0.03%	Equity World	862
Amundi MSCI Europe ESG Broad Transition UCITS ETF EUR Hedged Acc	0.11%	Equity Europe Social/Environmental Climate Change	61
Invesco MSCI Europe Equal Weight UCITS ETF Acc	0.21%	Equity Europe Equal Weighted	212
Amundi Core Stoxx Europe 600 UCITS ETF Acc	0.16%	Equity Europe	21,636
BNP Paribas Easy Alpha Enhanced World UCITS ETF EUR Acc	0.08%	Equity World Multi-Factor Strategy	21
Amundi STOXX Europe 600 ESG UCITS ETF DR EUR (C)	0.19%	Equity Europe Social/Environmental	1,748
Amundi Prime All Country World UCITS ETF GBP Hedged Dist	0.02%	Equity World	31
D-X MSCI EMU Screened UCITS ETF X	0.30%	Equity Europe Social/Environmental	126
Amundi MSCI Europe UCITS ETF Acc	0.15%	Equity Europe	613
Xtrackers MSCI Europe Industrials UCITS ETF 1C	0.78%	Equity Europe Industrials	38
Invesco Global Enhanced Equity UCITS ETF GBP PfHdg Acc	0.12%	Equity World Multi-Factor Strategy	5
iShares World Equity High Income Active UCITS ETF EUR Hedged (Acc)	0.13%	Equity World Covered Call Alternative Investments	1
Xtrackers FTSE All-World ex US UCITS ETF 1C	0.05%	Equity World	45
Amundi MSCI World Momentum Advanced UCITS ETF Acc	0.23%	Equity World Momentum Climate Change	596
Xtrackers MSCI World Industrials UCITS ETF 1D	0.21%	Equity World Industrials	7
Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	0.01%	Equity World	75
Xtrackers MSCI World UCITS ETF 1D	0.02%	Equity World	4,695
Amundi IBEX 35 UCITS ETF Acc	2.81%	Equity Spain	474
UBS Factor MSCI EMU Low Volatility UCITS ETF EUR dis	0.80%	Equity Europe Low Volatility/Risk Weighted	9
Amundi Core MSCI World Swap UCITS ETF Dist	0.02%	Equity World	6,763
iShares EURO STOXX UCITS ETF (DE)	0.29%	Equity Europe	2,734
Xtrackers MSCI EMU UCITS ETF 4C	0.27%	Equity Europe	4
UBS MSCI ACWI Universal UCITS ETF USD dis	0.02%	Equity World Social/Environmental	2,176
HSBC MSCI World UCITS ETF EUR Hedged (Acc)	0.02%	Equity World	750
Amundi PEA MSCI Europe UCITS ETF Acc	0.15%	Equity Europe	385
Xtrackers MSCI World Industrials UCITS ETF 1C	0.21%	Equity World Industrials	1,189
Invesco Europe Enhanced Equity UCITS ETF Acc	0.37%	Equity Europe Multi-Factor Strategy	305
iShares MSCI EMU UCITS ETF GBP Hedged (Dist)	0.28%	Equity Europe	252
iShares Core MSCI EMU UCITS ETF EUR (Dist)	0.28%	Equity Europe	498
iShares STOXX Europe 600 UCITS ETF (DE) EUR (Acc)	0.15%	Equity Europe	958
Amundi MSCI World ESG Broad Transition UCITS ETF Dist	0.01%	Equity World Social/Environmental Climate Change	275
iShares Growth Portfolio UCITS ETF GBP Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	34
HSBC MSCI World UCITS ETF USD	0.02%	Equity World	14,381
Amundi MSCI Europe Momentum Factor UCITS ETF EUR (C)	0.72%	Equity Europe Momentum	129
L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR Dist	0.80%	Equity Europe Dividend	379
iShares MSCI World ex-USA UCITS ETF USD (Dist)	0.08%	Equity World	4
Amundi MSCI Europe Growth UCITS ETF Acc	0.30%	Equity Europe Growth	159
UBS MSCI EMU Universal UCITS ETF hCHF acc	0.35%	Equity Europe Social/Environmental Climate Change	5
Xtrackers S&P Europe ex UK UCITS ETF	0.23%	Equity Europe	511
UBS MSCI ACWI Universal UCITS ETF hCHF dis	0.02%	Equity World Social/Environmental	66
UBS MSCI ACWI Universal UCITS ETF hCHF acc	0.02%	Equity World Social/Environmental	1,338
iShares MSCI World Swap UCITS ETF USD (Acc)	0.02%	Equity World	2,191
UBS Core MSCI World UCITS ETF hEUR acc	0.02%	Equity World	956
WisdomTree Europe Equity UCITS ETF GBP Hedged	1.50%	Equity Europe Dividend	3
iShares Core MSCI EMU UCITS ETF EUR (Acc)	0.28%	Equity Europe	5,970
UBS MSCI World Selection UCITS ETF hEUR dis	0.04%	Equity World Social/Environmental	317
UBS MSCI World Selection UCITS ETF hCHF acc	0.04%	Equity World Social/Environmental	370
Amundi Core Stoxx Europe 600 UCITS ETF USD Hedged Acc	0.16%	Equity Europe	136
Xtrackers DJE Europe Equity Research UCITS ETF 1C	1.17%	Equity Europe Multi-Factor Strategy	66
BBVA Acción IBEX 35 ETF FI Cotizado Armonizado (EUR)	2.81%	Equity Spain	164
WisdomTree Europe Equity UCITS ETF USD Hedged Acc	1.50%	Equity Europe Dividend	69
iShares Moderate Portfolio UCITS ETF USD Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	7
iShares Dow Jones Eurozone Sustainability Screened UCITS ETF (DE)	0.83%	Equity Europe Social/Environmental	204
UBS Core MSCI Europe UCITS ETF hEUR acc	0.15%	Equity Europe	147
iShares Core MSCI World UCITS ETF USD (Acc)	0.02%	Equity World	132,066
iShares MSCI EMU Climate Transition Aware UCITS ETF EUR (Dist)	0.31%	Equity Europe Social/Environmental Climate Change	1
Xtrackers Stoxx Europe 600 UCITS ETF 1D	0.16%	Equity Europe	1,498
UBS MSCI EMU Universal UCITS ETF EUR acc	0.35%	Equity Europe Social/Environmental Climate Change	218
BlueSphere World Equity UCITS ETF Acc	0.02%	Equity World	1
iShares Growth Portfolio UCITS ETF EUR (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	110
State Street SPDR MSCI World UCITS ETF EUR Hedged (Acc)	0.02%	Equity World	987
ODDO BHF Global Equity Active UCITS ETF C	0.01%	Equity World Social/Environmental	5
UBS MSCI ACWI SF UCITS ETF hCHF acc	0.03%	Equity World	1,907
Deka MSCI Europe UCITS ETF	0.15%	Equity Europe	1,060
iShares Growth Portfolio UCITS ETF USD Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	2
Xtrackers World Equity Enhanced Active UCITS ETF 1C	0.23%	Equity World Social/Environmental	497
UBS Core MSCI Europe UCITS ETF hCHF acc	0.15%	Equity Europe	158
Invesco MSCI Europe Ex UK Universal Screened UCITS ETF Acc	0.24%	Equity Europe Social/Environmental	11
UBS MSCI World ex USA UCITS ETF USD dis	0.08%	Equity World	4
UBS MSCI World ex Mega Cap UCITS ETF USD acc	0.04%	Equity World	18
Xtrackers Euro Stoxx UCITS ETF 1D	0.29%	Equity Europe	55
Xtrackers Stoxx Europe 600 II UCITS ETF 1D	0.16%	Equity Europe	5
Vanguard FTSE Developed Europe UCITS ETF Distributing	0.14%	Equity Europe	4,801
Amundi MSCI World Ex USA UCITS ETF Dist	0.08%	Equity World	132
Amundi MSCI World ESG Broad Transition UCITS ETF EUR Hedged (Acc)	0.01%	Equity World Social/Environmental Climate Change	43
Xtrackers MSCI World Screened UCITS ETF 1C	0.03%	Equity World Social/Environmental	550
Amundi MSCI World Screened UCITS ETF Acc	0.02%	Equity World Social/Environmental	2,098
UBS MSCI ACWI SF UCITS ETF hUSD acc	0.03%	Equity World	2,174
JPMorgan Carbon Transition Global Equity (CTB) UCITS ETF USD (acc)	0.08%	Equity World Social/Environmental Climate Change	175
iShares Core MSCI World UCITS ETF USD (Dist)	0.02%	Equity World	636
Franklin S&P World Screened UCITS ETF Acc	0.05%	Equity United States Social/Environmental Climate Change	13
BNP Paribas Easy MSCI World ex USA UCITS ETF Acc	0.08%	Equity World	11
Xtrackers STOXX Europe 600 UCITS ETF 1C	0.16%	Equity Europe	4,233
BNP Paribas Easy MSCI World UCITS ETF USD Acc	0.02%	Equity World	28
UBS MSCI World UCITS ETF USD dis	0.03%	Equity World	1,499
WisdomTree Eurozone Efficient Core UCITS ETF EUR Unhedged Acc	0.33%	Equity World Social/Environmental Multi-Asset Strategy	8
Amundi FTSE All World GDP-Weighted UCITS ETF Acc	0.04%	Equity World	28
UBS Core MSCI EMU UCITS ETF EUR dis	0.27%	Equity Europe	1,781
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)	0.00%	Equity World	8,380
BNP Paribas Easy MSCI EMU Min TE UCITS ETF	0.31%	Equity Europe Social/Environmental	1,209
iShares Dow Jones Global Leaders Screened UCITS ETF USD (Acc)	0.11%	Equity World Social/Environmental	2,005
HANetf Making Europe Great Again UCITS ETF Acc	2.05%	Equity World Social/Environmental	13
Vanguard FTSE Developed Europe ex UK UCITS ETF (EUR) Distributing	0.19%	Equity Europe	3,631
iShares MSCI World Swap PEA UCITS ETF EUR (Acc)	0.02%	Equity World	2,352
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Dist)	0.00%	Equity World	242
iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Acc)	0.08%	Equity Europe Social/Environmental	3,517
Deka MSCI World UCITS ETF	0.02%	Equity World	5,888
Vanguard FTSE Developed World UCITS ETF Distributing	0.02%	Equity World	4,215
Ossiam MSCI World UCITS ETF 1C/A (EUR)	0.02%	Equity World	23
iShares Core MSCI EMU UCITS ETF USD Hedged (Acc)	0.28%	Equity Europe	938
Xtrackers MSCI World Swap UCITS ETF 1C	0.02%	Equity World	5,437
Robeco 3D Global Equity UCITS ETF USD Dis	0.01%	Equity World Social/Environmental	67
UBS MSCI ACWI Universal UCITS ETF hEUR acc	0.02%	Equity World Social/Environmental	598
iShares MSCI Europe Climate Transition Aware UCITS ETF EUR (Acc)	0.20%	Equity Europe Social/Environmental Climate Change	6
UBS MSCI ACWI SF UCITS ETF hEUR acc	0.03%	Equity World	1,639
Amundi PEA Global (MSCI ACWI) UCITS ETF Acc	0.03%	Equity World	87
BNP Paribas Easy MSCI Europe UCITS ETF USD	0.15%	Equity Europe	-
Xtrackers MSCI World ex USA UCITS ETF 1D	0.08%	Equity World	253
Ossiam MSCI World UCITS ETF 1C/A (USD)	0.02%	Equity World	7
Amundi Euro Stoxx UCITS ETF Dist	0.29%	Equity Europe	56
BNP Paribas Easy MSCI World UCITS ETF EUR Acc	0.02%	Equity World	201
Xtrackers MSCI AC World Screened UCITS ETF 1C	0.02%	Equity World Social/Environmental	6,466
iShares Europe Foreign Focus UCITS ETF EUR (Acc)	0.24%	Equity Europe	10
Invesco FTSE All-World UCITS ETF Acc	0.01%	Equity World	4,271
UBS MSCI ACWI SF UCITS ETF USD acc	0.03%	Equity World	3,987
iShares MSCI World Screened UCITS ETF USD (Dist)	0.03%	Equity World Social/Environmental	1,014
BNP Paribas Easy MSCI Europe UCITS ETF Acc	0.15%	Equity Europe	122
iShares MSCI Europe ex-UK GBP Hedged UCITS ETF	0.18%	Equity Europe	210
Amundi MSCI World Swap II UCITS ETF USD Hedged Dist	0.02%	Equity World	47
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF EUR Acc	0.02%	Equity World Social/Environmental	18
iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD (Acc)	0.11%	Equity World Mid Cap	401
iShares MSCI World Screened UCITS ETF USD (Acc)	0.03%	Equity World Social/Environmental	5,241
Amundi Core MSCI World UCITS ETF USD Dist	0.02%	Equity World	1,632
ODDO BHF Global Balanced Allocation Active UCITS ETF C	0.01%	Equity World Multi-Asset Strategy	12
UBS MSCI ACWI Universal UCITS ETF hGBP acc	0.02%	Equity World Social/Environmental	258
iShares MSCI All Country World Screened UCITS ETF USD (Acc)	0.02%	Equity World Social/Environmental	2,878
BNP Paribas Easy MSCI EMU UCITS ETF Acc	0.27%	Equity Europe	50
iShares Core MSCI Europe UCITS ETF EUR (Acc)	0.15%	Equity Europe	1,291
Amundi Core Stoxx Europe 600 UCITS ETF EUR Hedged Dist	0.16%	Equity Europe	54
Amundi MSCI World Swap II UCITS ETF EUR Hedged Dist	0.02%	Equity World	643
iShares MSCI World Swap UCITS ETF EUR Hedged (Acc)	0.02%	Equity World	95
UBS MSCI World Selection UCITS ETF USD acc	0.04%	Equity World Social/Environmental	825
Amundi Prime Eurozone UCITS ETF DR (D)	0.29%	Equity Europe	82
Amundi Prime Europe UCITS ETF DR (C)	0.15%	Equity Europe	336
iShares Core MSCI World UCITS ETF EUR Hedged (Dist)	0.02%	Equity World	1,838
Xtrackers MSCI EMU UCITS ETF 1C - USD Hedged	0.27%	Equity Europe	339
BNP Paribas Easy MSCI World II UCITS ETF EUR Acc	0.02%	Equity World	1
Vanguard FTSE All-World UCITS ETF (USD) Accumulating	0.02%	Equity World	55,567
Amundi Core Stoxx Europe 600 UCITS ETF Dist	0.16%	Equity Europe	5
HSBC MSCI World UCITS ETF USD (Acc)	0.02%	Equity World	2,284
Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)	0.16%	Equity Europe Low Volatility/Risk Weighted	85
BNP Paribas Easy MSCI ACWI UCITS ETF EUR (Acc)	0.03%	Equity World	75
iShares MSCI World CTB Enhanced ESG UCITS ETF USD (Acc)	0.01%	Equity World Social/Environmental	4,640
Xtrackers MSCI World UCITS ETF 3C - CHF Hedged	0.02%	Equity World	57
iShares World Thematic Rotation Active UCITS ETF USD (Acc)	0.12%	Equity World Social/Environmental	37
Invesco RAFI Europe Fundamental Value UCITS ETF Dist	0.12%	Equity Europe Value	34
Amundi MSCI Europe ESG Broad Transition UCITS ETF EUR Acc	0.11%	Equity Europe Social/Environmental Climate Change	2,367
BNP Paribas Easy MSCI Europe Min TE UCITS ETF	0.17%	Equity Europe Social/Environmental	3,682
iShares MSCI Europe Screened UCITS ETF EUR (Acc)	0.17%	Equity Europe Social/Environmental	4,874
Amundi S&P Global Industrials ESG UCITS ETF DR EUR (A)	0.34%	Equity World Industrials Social/Environmental	349
iShares Euro Total Market Growth Large UCITS ETF	0.69%	Equity Europe Growth	283
State Street SPDR MSCI All Country World UCITS ETF EUR Hedged (Acc)	0.02%	Equity World	1,809
Xtrackers MSCI Europe UCITS ETF 2C USD hedged	0.15%	Equity Europe	317
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Accumulating	0.01%	Equity World Multi-Factor Strategy	1,482
iShares MSCI World EUR Hedged UCITS ETF (Acc)	0.02%	Equity World	5,371
iShares Edge MSCI Europe Size Factor UCITS ETF	0.36%	Equity Europe Mid Cap	35
Xtrackers FTSE All-World UCITS ETF 1C	0.02%	Equity World	182
Amundi MSCI EMU Screened UCITS ETF EUR Acc	0.30%	Equity Germany Social/Environmental	47
iShares MSCI EMU Climate Transition Aware UCITS ETF EUR (Acc)	0.31%	Equity Europe Social/Environmental Climate Change	4
Xtrackers MSCI EMU Screened UCITS ETF 1D	0.36%	Equity Europe Social/Environmental	12
JPMorgan Carbon Transition Global Equity (CTB) UCITS ETF USD (dist)	0.08%	Equity World Social/Environmental Climate Change	0
Amundi MSCI World Swap UCITS ETF EUR Dist	0.02%	Equity World	464
UBS MSCI EMU Select Factor Mix UCITS ETF EUR acc	0.38%	Equity Europe Multi-Factor Strategy	16
iShares STOXX Europe 600 UCITS ETF EUR (Dist)	0.16%	Equity Europe	10
Robeco 3D Global Equity UCITS ETF A EUR Hedged	0.01%	Equity World Social/Environmental	1
First Trust Eurozone AlphaDEX UCITS ETF B Dist	0.98%	Equity Europe Multi-Factor Strategy	18
Xtrackers Euro Stoxx UCITS ETF 1C	0.29%	Equity Europe	1
Xtrackers MSCI World UCITS ETF 1C	0.02%	Equity World	22,063
iShares MSCI Europe CTB Enhanced ESG UCITS ETF EUR (Acc)	0.04%	Equity Europe Social/Environmental	2,321
iShares World Equity High Income Active UCITS ETF USD (Acc)	0.13%	Equity World Covered Call Alternative Investments	23
State Street SPDR MSCI World UCITS ETF USD Unhedged (Dist)	0.02%	Equity World	139
Amundi MSCI World ESG Broad Transition UCITS ETF Acc	0.01%	Equity World Social/Environmental Climate Change	1,466
Franklin MSCI World Catholic Principles UCITS ETF USD Capitalisation	0.08%	Equity World Social/Environmental Catholic principles	165
iShares MSCI Europe Screened UCITS ETF EUR (Dist)	0.17%	Equity Europe Social/Environmental	487
iShares MSCI World Screened UCITS ETF GBP Hedged (Dist)	0.03%	Equity World Social/Environmental	95
UBS MSCI ACWI Universal UCITS ETF hUSD acc	0.02%	Equity World Social/Environmental	1,262
BNP Paribas Easy STOXX Europe 600 UCITS ETF	0.16%	Equity Europe	286
Xtrackers MSCI Europe UCITS ETF 1C	0.15%	Equity Europe	7,766
Amundi STOXX Europe 600 ESG II UCITS ETF Dist	0.20%	Equity Europe Social/Environmental	648
Xtrackers MSCI EMU UCITS ETF 2C - GBP Hedged	0.27%	Equity Europe	22
State Street SPDR MSCI Europe UCITS ETF EUR	0.15%	Equity Europe	382
BNP Paribas Easy MSCI World ex USA Min TE UCITS ETF	0.09%	Equity World Social/Environmental	33
UBS Core MSCI EMU UCITS ETF hGBP acc	0.27%	Equity Europe	32
iShares MSCI Europe CTB Enhanced ESG UCITS ETF EUR (Dist)	0.04%	Equity Europe Social/Environmental	5,134
Invesco FTSE All-World UCITS ETF CHF PfHdg Acc	0.01%	Equity World	73
Amundi S&P Eurozone Climate Paris Aligned UCITS ETF Acc	1.66%	Equity Europe Social/Environmental Climate Change	2,692
Finanzen.net MSCI World UCITS ETF Acc	0.02%	Equity World	49
WisdomTree Europe Equity UCITS ETF USD Hedged	1.50%	Equity Europe Dividend	30
Amundi Prime Eurozone UCITS ETF DR (C)	0.29%	Equity Europe	165
iShares MSCI World ex-USA UCITS ETF USD (Acc)	0.08%	Equity World	3,307
iShares Core MSCI Europe UCITS ETF CHF Hedged (Acc)	0.15%	Equity Europe	46
iShares Core MSCI Europe UCITS ETF EUR (Acc)	0.15%	Equity Europe	15,942
D-X MSCI World Screened UCITS ETF X	0.03%	Equity World Social/Environmental	2,469
Invesco MSCI World Equal Weight UCITS ETF Acc	0.06%	Equity World Equal Weighted	1,915
iShares Moderate Portfolio UCITS ETF EUR (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	48
Amundi MSCI EMU ESG Broad Transition UCITS ETF Acc	0.28%	Equity Europe Social/Environmental Climate Change	1,180
Xtrackers Spanish Equity UCITS ETF 1D	2.36%	Equity Spain	264
Amundi Core MSCI World Swap UCITS ETF EUR Hedged Acc	0.02%	Equity World	12
Xtrackers MSCI World ex USA UCITS ETF 1C	0.08%	Equity World	7,081
iShares Moderate Portfolio UCITS ETF GBP Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	31
UBS Core MSCI World UCITS ETF USD dis	0.02%	Equity World	2,135
State Street SPDR STOXX Europe 600 SRI UCITS ETF EUR Unhedged (Acc)	0.34%	Equity Europe Social/Environmental	678
UBS MSCI ACWI SF UCITS ETF USD Ukdis	0.03%	Equity World	290
iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)	0.08%	Equity Europe Social/Environmental	400
L&G Global Quality Dividends UCITS ETF USD Acc	0.17%	Equity World Dividend	49
Ossiam MSCI Europe UCITS ETF 1C/A (EUR)	0.15%	Equity Europe	193
Xtrackers MSCI AC World Screened UCITS ETF 2C - EUR Hedged	0.02%	Equity World Social/Environmental	88
iShares MSCI World Swap UCITS ETF CHF Hedged (Acc)	0.02%	Equity World	7
ODDO BHF Global Balanced Allocation Active UCITS ETF AAA Acc	0.01%	Equity World Multi-Asset Strategy	0
Xtrackers Spanish Equity UCITS ETF 1C	2.36%	Equity Spain	220
Vanguard FTSE All-World Ex-U.S. UCITS ETF USD Acc	0.05%	Equity World	155
iShares STOXX Europe 600 UCITS ETF EUR (Acc)	0.16%	Equity Europe	3
Amundi PEA Monde (MSCI World) UCITS ETF Acc	0.02%	Equity World	1,733
Xtrackers Stoxx Europe 600 UCITS ETF 2C - EUR Hedged	0.16%	Equity Europe	15
UBS Core MSCI EMU UCITS ETF hUSD acc	0.27%	Equity Europe	796
UBS MSCI EMU Universal UCITS ETF hGBP acc	0.35%	Equity Europe Social/Environmental Climate Change	2
iShares MSCI EMU Screened UCITS ETF EUR (Dist)	0.30%	Equity Europe Social/Environmental	608
State Street SPDR MSCI All Country World UCITS ETF USD Hedged (Acc)	0.02%	Equity World	107
Invesco All Country World Enhanced Equity UCITS ETF Acc	0.10%	Equity World Multi-Factor Strategy	76
JPMorgan Carbon Transition Global Equity (CTB) UCITS ETF EUR (acc)	0.08%	Equity World Social/Environmental Climate Change	144
iShares MSCI Europe Climate Transition Aware UCITS ETF EUR (Dist)	0.20%	Equity Europe Social/Environmental Climate Change	1
iShares Edge MSCI Europe Minimum Volatility UCITS ETF	0.16%	Equity Europe Low Volatility/Risk Weighted	962
WisdomTree Megatrends UCITS ETF USD	0.24%	Equity World Social/Environmental Innovation	59
iShares MSCI Europe Mid Cap UCITS ETF	0.88%	Equity Europe Mid Cap	26
iShares Core MSCI Europe UCITS ETF EUR (Dist)	0.15%	Equity Europe	10,670
iShares MSCI World Momentum Factor Advanced UCITS ETF USD (Acc)	0.24%	Equity World Momentum	267
Invesco MSCI Europe ex-UK UCITS ETF	0.18%	Equity Europe	70
BNP Paribas Easy MSCI World II UCITS ETF Acc	0.02%	Equity World	56
iShares MSCI World Industrials Sector Advanced UCITS ETF USD (Acc)	0.42%	Equity World Industrials Social/Environmental	1
Amundi MSCI World Swap II UCITS ETF Acc	0.02%	Equity World	761
Amundi Prime Europe UCITS ETF DR (D)	0.15%	Equity Europe	278
Amundi MSCI Europe Growth UCITS ETF Dist	0.30%	Equity Europe Growth	91
BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc	0.08%	Equity World Equal Weighted	43
HSBC PLUS World Equity Income Quant Active UCITS ETF USD Acc	0.03%	Equity World Dividend	3
First Trust Eurozone AlphaDEX UCITS ETF Acc	0.98%	Equity Europe Multi-Factor Strategy	102
Amundi Core MSCI EMU UCITS ETF Dist	0.27%	Equity Europe	793
Amundi Core MSCI Europe UCITS ETF Acc	0.15%	Equity Europe	4,177
CT QR Series European Equity Active UCITS ETF EUR Dist	0.21%	Equity Europe Fundamental/Quality	1
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF USD C	0.02%	Equity World Social/Environmental	61
Amundi MSCI World Swap II UCITS ETF Dist	0.02%	Equity World	8,962
Amundi Prime Global UCITS ETF Acc	0.02%	Equity World	3,381
iShares MSCI World Industrials Sector Advanced UCITS ETF USD (Dist)	0.42%	Equity World Industrials Social/Environmental	158
Amundi Core MSCI World Swap UCITS ETF Acc	0.02%	Equity World	15
Xtrackers MSCI EMU UCITS ETF 1D	0.27%	Equity Europe	1,973
iShares STOXX Europe 600 UCITS ETF (DE)	0.15%	Equity Europe	9,514
Amundi IBEX 35 UCITS ETF Dist	2.81%	Equity Spain	419
UBS ETFs (IE) MSCI ACWI SF UCITS ETF (hedged to JPY) A-acc	0.03%	Equity World	214
L&G Global Equity UCITS ETF	0.02%	Equity World Social/Environmental	1,967
Vanguard FTSE Global All-Cap UCITS ETF USD Acc	0.02%	Equity World	3,468
Invesco MSCI World Universal Screened UCITS ETF Acc	0.03%	Equity World Social/Environmental	280
Xtrackers Stoxx Europe 600 II UCITS ETF 1C	0.16%	Equity Europe	8
UBS Core MSCI World UCITS ETF hGBP dis	0.02%	Equity World	158
BNP Paribas Easy Alpha Enhanced Europe UCITS ETF Acc	0.46%	Equity Europe Multi-Factor Strategy	62
iShares FTSE All-World UCITS ETF USD (Dist)	0.02%	Equity World	1
HANetf Ukraine Reconstruction UCITS ETF Acc	1.28%	Equity World Infrastructure	18
iShares MSCI World Swap PEA UCITS ETF EUR Hedged (Acc)	0.02%	Equity World	16
L&G MSCI World Mid Cap UCITS ETF USD Acc	0.17%	Equity World Mid Cap	7
iShares Europe Infrastructure Builders UCITS ETF (Acc)	1.77%	Equity Europe Infrastructure	6
BNP Paribas Easy MSCI World II UCITS ETF Dist	0.02%	Equity World	1
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	0.03%	Equity World	20
iShares Core MSCI World UCITS ETF GBP Hedged (Dist)	0.02%	Equity World	1,148
WisdomTree Europe Equity UCITS ETF EUR Acc	1.50%	Equity Europe Dividend	9
BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc	0.03%	Equity World Social/Environmental	416
iShares MSCI Europe Industrials Sector UCITS ETF EUR (Acc)	0.80%	Equity Europe Industrials	1,067
Amundi Core MSCI World UCITS ETF Acc	0.02%	Equity World	15,634
HSBC MSCI Europe UCITS ETF EUR (Acc)	0.15%	Equity Europe	92
iShares MSCI World Climate Transition Aware UCITS ETF USD (Acc)	0.03%	Equity World Social/Environmental Climate Change	10
Amundi European Strategic Autonomy UCITS ETF Acc	0.47%	Equity Europe	28
UBS Core MSCI Europe UCITS ETF USD acc	0.15%	Equity Europe	137
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)	0.13%	Equity World Momentum	5,420
iShares MSCI World Swap UCITS ETF GBP Hedged (Acc)	0.02%	Equity World	1
Xtrackers MSCI World Swap UCITS ETF 4C EUR hedged	0.02%	Equity World	1,617
BNP Paribas Easy Alpha Enhanced World UCITS ETF USD Acc	0.08%	Equity World Multi-Factor Strategy	20
Xtrackers MSCI World UCITS ETF 2D - GBP Hedged	0.02%	Equity World	476
Xtrackers MSCI World Swap UCITS ETF 1D	0.02%	Equity World	5,918
iShares MSCI World Climate Transition Aware UCITS ETF USD (Dist)	0.03%	Equity World Social/Environmental Climate Change	3
Amundi Core MSCI Europe UCITS ETF Dist	0.15%	Equity Europe	426
Amundi Core MSCI World UCITS ETF EUR Hedged Acc	0.02%	Equity World	73
L&G Global Quality Dividends UCITS ETF USD Dist	0.17%	Equity World Dividend	378
Vanguard FTSE All-World UCITS ETF (USD) Distributing	0.02%	Equity World	23,944
State Street SPDR MSCI All Country World UCITS ETF USD Unhedged (Acc)	0.02%	Equity World	18,120
Amundi S&P Eurozone Climate Paris Aligned UCITS ETF Dist	1.66%	Equity Europe Social/Environmental Climate Change	494
Vanguard FTSE Eurozone UCITS ETF EUR Dist	0.26%	Equity Europe	2
Xtrackers MSCI World Momentum UCITS ETF 1C	0.18%	Equity World Momentum	1,968
Ossiam MSCI EMU UCITS ETF 1C	0.28%	Equity Europe	43
BNP Paribas Easy MSCI World ex USA UCITS ETF EUR Acc	0.08%	Equity World	4
BNP Paribas Easy MSCI ACWI UCITS ETF (Acc)	0.03%	Equity World	70
Robeco 3D Global Equity UCITS ETF GBP Hedged (Acc)	0.01%	Equity World Social/Environmental	17
iShares MSCI World CTB Enhanced ESG UCITS ETF USD (Dist)	0.01%	Equity World Social/Environmental	681
iShares MSCI World CTB Enhanced ESG UCITS ETF EUR Hedged (Acc)	0.01%	Equity World Social/Environmental	282
Ossiam STOXX Europe 600 ESG Equal Weight NR UCITS ETF 1C (EUR)	0.15%	Equity Europe Equal Weighted	197
Xtrackers MSCI World IMI UCITS ETF 1C Capitalisation	0.02%	Equity World	24
Invesco MSCI Europe Universal Screened UCITS ETF Acc	0.19%	Equity Europe Social/Environmental	182
Amundi MSCI Europe ESG Broad Transition UCITS ETF EUR Dist	0.11%	Equity Europe Social/Environmental Climate Change	18
Amundi MSCI World Ex USA UCITS ETF Acc	0.08%	Equity World	681
UBS Core MSCI World UCITS ETF USD acc	0.02%	Equity World	11,734
iShares FTSE All-World UCITS ETF USD (Acc)	0.02%	Equity World	35
iShares World Equity Enhanced Active UCITS ETF EUR Hedged (Acc)	0.08%	Equity World Social/Environmental	123
Invesco RAFI All-World Fundamental Value UCITS ETF	0.05%	Equity World Value	424
WisdomTree Europe Equity UCITS ETF CHF Hedged Acc	1.50%	Equity Europe Dividend	4
Deka MSCI Europe MC UCITS ETF	0.87%	Equity Europe Mid Cap	65
iShares MSCI All Country World Swap UCITS ETF USD (Acc)	0.03%	Equity World	100
Invesco FTSE All-World UCITS ETF GBP PfHdg Dist	0.01%	Equity World	28
Robeco 3D European Equity UCITS ETF A EUR	0.22%	Equity Europe Social/Environmental	23
iShares MSCI Europe Mid Cap UCITS ETF EUR (Acc)	0.88%	Equity Europe Mid Cap	602
Amundi Prime All Country World UCITS ETF Acc	0.02%	Equity World	3,375
Vanguard FTSE Developed World UCITS ETF Acc	0.02%	Equity World	6,143
BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Acc	0.03%	Equity World Social/Environmental	769
JPMorgan Eurozone Research Enhanced Index Equity Active UCITS ETF EUR (dist)	0.13%	Equity Europe Social/Environmental	8
State Street Global Screened Enhanced Equity Fund UCITS ETF	0.00%	Equity World Social/Environmental	4
Amundi MSCI World Catholic Principles UCITS ETF Acc	0.07%	Equity World Social/Environmental Catholic principles	89
Amundi MSCI Europe ex Switzerland ESG Broad Transition UCITS ETF Acc	0.20%	Equity Europe Social/Environmental Climate Change	628
D-X MSCI Europe Screened UCITS ETF X	0.17%	Equity Europe Social/Environmental	461
State Street SPDR MSCI World UCITS ETF USD Unhedged (Acc)	0.02%	Equity World	18,597
Invesco MSCI Europe Equal Weight UCITS ETF Dist	0.21%	Equity Europe Equal Weighted	60
UBS MSCI ACWI SF UCITS ETF USD Hedged Ukdis	0.03%	Equity World	50
Vanguard FTSE Global All-Cap UCITS ETF USD Dist	0.02%	Equity World	116
Amundi MSCI Europe Screened UCITS ETF (Acc)	0.16%	Equity Europe Social/Environmental	789
iShares Edge MSCI Europe Momentum Factor UCITS ETF EUR (Dist)	0.72%	Equity Europe Momentum	36
Fineco AM Amundi Stoxx Europe 600 UCITS ETF Acc	0.16%	Equity Europe	1
iShares MSCI EMU Screened UCITS ETF EUR (Acc)	0.30%	Equity Europe Social/Environmental	1,462
UBS MSCI EMU Universal UCITS ETF hUSD acc	0.35%	Equity Europe Social/Environmental Climate Change	5
Eurizon YIS MSCI World Selection UCITS ETF USD (Acc)	0.04%	Equity World Social/Environmental	618
Amundi MSCI All Country World Swap UCITS ETF EUR Acc	0.03%	Equity World	2,505
Vanguard FTSE All-World Ex-U.S. UCITS ETF USD Dist	0.05%	Equity World	11
Xtrackers MSCI World UCITS ETF 2C - EUR Hedged	0.02%	Equity World	440
Xtrackers MSCI Europe Screened UCITS ETF 1C	0.17%	Equity Europe Social/Environmental	85
UBS MSCI ACWI SF UCITS ETF CHF Hedged Ukdis	0.03%	Equity World	89
State Street SPDR MSCI World UCITS ETF GBP Hedged (Dist)	0.02%	Equity World	356
Xtrackers MSCI World Screened UCITS ETF 1D	0.03%	Equity World Social/Environmental	136
UBS MSCI World Selection UCITS ETF hEUR acc	0.04%	Equity World Social/Environmental	96
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)	0.16%	Equity Europe Low Volatility/Risk Weighted	26
BlueSphere European Equity UCITS ETF Acc	0.15%	Equity Europe	3
iShares Conservative Portfolio UCITS ETF USD Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	1
CT QR Series European Equity Active UCITS ETF EUR Acc	0.21%	Equity Europe Fundamental/Quality	75
UBS Core MSCI EMU UCITS ETF hCHF acc	0.27%	Equity Europe	718
State Street SPDR MSCI World Industrials UCITS ETF USD	0.21%	Equity World Industrials	219
iShares World Equity Enhanced Active UCITS ETF GBP Hedged (Acc)	0.08%	Equity World Social/Environmental	3
HSBC MSCI World UCITS ETF CHF hedged	0.02%	Equity World	76
DZ BANK MSCI World UCITS ETF Acc	0.02%	Equity World	23
iShares MSCI World CHF Hedged UCITS ETF (Acc)	0.02%	Equity World	2,222
Robeco 3D Global Equity UCITS ETF USD Acc	0.01%	Equity World Social/Environmental	1,045
BNP Paribas Easy STOXX Europe 600 UCITS ETF	0.16%	Equity Europe	1,098
JPMorgan Carbon Transition Global Equity (CTB) UCITS ETF EUR Hedged (acc)	0.08%	Equity World Social/Environmental Climate Change	9
Xtrackers MSCI EMU UCITS ETF 3C CHF hedged	0.27%	Equity Europe	116
iShares STOXX Europe Equity Multifactor UCITS ETF EUR (Dist)	0.57%	Equity Europe Multi-Factor Strategy	225
iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE)	4.95%	Equity Europe Industrials	764
Amundi MSCI World Swap UCITS ETF USD Acc	0.02%	Equity World	81
UBS MSCI ACWI Universal UCITS ETF hJPY acc	0.02%	Equity World Social/Environmental	132
HSBC MSCI Europe UCITS ETF EUR	0.15%	Equity Europe	360
Amundi MSCI World Screened UCITS ETF UCITS ETF EUR Hedged Acc	0.02%	Equity World Social/Environmental	2
UBS MSCI World ex USA UCITS ETF hCHF acc	0.08%	Equity World	2
Amundi MSCI World Swap II UCITS ETF EUR Hedged Acc	0.02%	Equity World	609
ODDO BHF Global Equity Active UCITS ETF Acc - CGP	0.01%	Equity World Social/Environmental	1
L&G Europe ex UK Equity UCITS ETF	0.20%	Equity Europe Social/Environmental	464
Amundi MSCI World Ex USA Screened UCITS ETF Acc	0.09%	Equity World Social/Environmental Climate Change	5
iShares MSCI World UCITS ETF (Dist)	0.02%	Equity World	8,461
Amundi MSCI EMU ESG Broad Transition UCITS ETF Dist	0.28%	Equity Europe Social/Environmental Climate Change	168
Xtrackers Europe Equity Enhanced Active UCITS ETF 1C	0.29%	Equity Europe Social/Environmental	82
UBS Core MSCI EMU UCITS ETF hGBP dis	0.27%	Equity Europe	84
UBS MSCI ACWI SF UCITS ETF GBP Hedged Ukdis	0.03%	Equity World	518
Invesco MSCI World UCITS ETF Dist	0.02%	Equity World	-
HSBC Europe Screened Equity UCITS ETF EUR	0.02%	Equity Europe Social/Environmental Climate Change	19
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Distributing	0.01%	Equity World Multi-Factor Strategy	245
Invesco MSCI Europe UCITS ETF	0.15%	Equity Europe	55
JPMorgan Eurozone Research Enhanced Index Equity Active UCITS ETF CHF Hedged (acc)	0.13%	Equity Europe Social/Environmental	19
JPMorgan Eurozone Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.13%	Equity Europe Social/Environmental	533
Invesco Global Enhanced Equity UCITS ETF Acc	0.12%	Equity World Multi-Factor Strategy	1,372
Amundi S&P Global Industrials ESG UCITS ETF EUR (D)	0.34%	Equity World Industrials Social/Environmental	17
Amundi Core MSCI EMU UCITS ETF Acc	0.27%	Equity Europe	582
Vanguard FTSE Eurozone UCITS ETF EUR Acc	0.26%	Equity Europe	629
Xtrackers MSCI AC World Screened UCITS ETF 5C - USD Hedged	0.02%	Equity World Social/Environmental	1
UBS Core MSCI World UCITS ETF hGBP acc	0.02%	Equity World	286
iShares MSCI All Country World UCITS ETF USD (Acc)	0.03%	Equity World	31,540
Fineco AM Amundi MSCI World UCITS ETF Acc	0.02%	Equity World	1
State Street SPDR MSCI EMU UCITS ETF EUR	0.28%	Equity Europe	348
State Street Europe Screened Enhanced Equity Fund UCITS ETF	0.13%	Equity Europe Social/Environmental	3
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-UKdis	0.27%	Equity Europe	86
iShares MSCI EMU Mid Cap UCITS ETF	1.61%	Equity Europe Mid Cap	547
iShares MSCI Europe ex-UK UCITS ETF	0.19%	Equity Europe	1,307
Invesco FTSE All-World UCITS ETF Dist	0.01%	Equity World	294
BNP Paribas Easy MSCI World ex USA Min TE UCITS ETF EUR	0.09%	Equity World Social/Environmental	1
Xtrackers MSCI Europe UCITS ETF 1D	0.15%	Equity Europe	372
Amundi MSCI All Country World Swap UCITS ETF USD Acc	0.03%	Equity World	129
HSBC PLUS World Equity Income Quant Active UCITS ETF USD Dist	0.03%	Equity World Dividend	180
BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Hedged Acc	0.03%	Equity World Social/Environmental	97
Amundi Prime Global UCITS ETF Dist	0.02%	Equity World	1,777
Invesco Global Enhanced Equity UCITS ETF EUR PfHdg Acc	0.12%	Equity World Multi-Factor Strategy	10
iShares MSCI World GBP Hedged UCITS ETF (Acc)	0.02%	Equity World	546
UBS Climate Aware Global Developed Equity CTB UCITS ETF USD acc	0.01%	Equity World Social/Environmental Climate Change	18
iShares World Equity Enhanced Active UCITS ETF USD (Acc)	0.08%	Equity World Social/Environmental	2,001
UBS MSCI ACWI SF UCITS ETF hEUR Ukdis	0.03%	Equity World	43
iShares Conservative Portfolio UCITS ETF GBP Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	3
UBS Core MSCI EMU UCITS ETF hUSD dis	0.27%	Equity Europe	18
UBS Core MSCI Europe UCITS ETF EUR acc	0.15%	Equity Europe	778
Invesco STOXX Europe 600 UCITS ETF	0.16%	Equity Europe	510
Amundi Prime All Country World UCITS ETF Dist	0.02%	Equity World	5,234
Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating	0.14%	Equity Europe	3,188
iShares MSCI EMU USD Hedged UCITS ETF (Acc)	0.28%	Equity Europe	272
State Street SPDR MSCI Europe Industrials UCITS ETF EUR	0.78%	Equity Europe Industrials	1,260
UBS Core MSCI EMU UCITS ETF EUR acc	0.27%	Equity Europe	3,878
Amundi MSCI World Swap UCITS ETF EUR Acc	0.02%	Equity World	6,875
iShares MSCI EMU CHF Hedged UCITS ETF (Acc)	0.28%	Equity Europe	192
Vanguard FTSE Developed Europe ex UK UCITS ETF (EUR) Accumulating	0.19%	Equity Europe	1,659

Performance

Returns overview

YTD	+8.19%
1 month	-2.44%
3 months	-15.71%
6 months	-23.98%
1 year	+25.83%
3 years	+175.77%
5 years	+304.54%
Since inception (MAX)	+187.78%
2025	+76.65%
2024	+19.38%
2023	+50.35%
2022	+14.55%

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).