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Kuaishou Technology

ISIN KYG532631028

WKN A2QNAP

Market cap (in EUR)

16,423 m

Country

China

Sector

Business Services

Dividend yield

2.00%

Overview

Quote

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Description

Kuaishou Technology is an investment holding company, which provides online marketing services, live streaming services, and other services. The company was founded by Hua Su and Cheng Yixiao on February 11, 2014 and is headquartered in Beijing, China.

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Business Services Marketing and Printing Services China

Chart

Financials

Key metrics

Market capitalisation, EUR	16,423 m
EPS, EUR	0.45
P/B ratio	1.6
P/E ratio	8.4
Dividend yield	2.00%

Income statement (2025)

Revenue, EUR	17,607 m
Net income, EUR	2,296 m
Profit margin	13.04%

What ETF is Kuaishou Technology in?

There are 169 ETFs which contain Kuaishou Technology. All of these ETFs are listed in the table below. The ETF with the largest weighting of Kuaishou Technology is the HSBC Hang Seng TECH UCITS ETF HKD.

ETF	Weight	Investment focus	Fund size (in m EUR)
HSBC MSCI AC Far East ex Japan UCITS ETF USD (Dist)	0.17%	Equity Asia Pacific	31
iShares MSCI AC Far East ex-Japan UCITS ETF	0.18%	Equity Asia Pacific	1,636
iShares FTSE All-World UCITS ETF USD (Acc)	0.02%	Equity World	34
UBS MSCI ACWI SF UCITS ETF hUSD acc	0.01%	Equity World	2,139
iShares Dow Jones China Offshore 50 UCITS ETF (DE)	1.14%	Equity China	42
State Street SPDR MSCI EM Asia UCITS ETF USD	0.14%	Equity Asia Pacific	1,374
iShares MSCI EM UCITS ETF (Dist)	0.14%	Equity Emerging Markets	8,776
VanEck New China UCITS ETF A	0.79%	Equity China Growth	6
iShares MSCI EM Swap UCITS ETF USD (Acc)	0.14%	Equity Emerging Markets	223
Amundi MSCI Emerging Markets Swap II UCITS ETF EUR Acc	0.14%	Equity Emerging Markets	895
JPMorgan Global Emerging Markets Research Enhanced Index Equity SRI Paris Aligned Active UCITS ETF EUR (acc)	0.04%	Equity Emerging Markets Social/Environmental Climate Change	30
iShares Asia ex Japan Equity Enhanced Active UCITS ETF USD (Acc)	0.04%	Equity Asia Pacific Social/Environmental Multi-Asset Strategy	92
Franklin FTSE China UCITS ETF	0.64%	Equity China	1,493
HSBC MSCI Emerging Markets UCITS ETF USD	0.13%	Equity Emerging Markets	3,622
iShares MSCI ACWI Swap UCITS ETF USD (Acc)	0.01%	Equity World	70
iShares Core MSCI Emerging Markets IMI UCITS ETF	0.12%	Equity Emerging Markets	1,574
Invesco FTSE All-World UCITS ETF GBP PfHdg Dist	0.02%	Equity World	24
KraneShares CSI China Internet UCITS ETF EUR	3.68%	Equity China Technology	142
iShares MSCI EM UCITS ETF (Acc)	0.14%	Equity Emerging Markets	8,786
Xtrackers MSCI Emerging Markets UCITS ETF 1C	0.14%	Equity Emerging Markets	11,952
Amundi Prime All Country World UCITS ETF Acc	0.02%	Equity World	2,753
KraneShares CSI China Internet UCITS ETF GBP	3.68%	Equity China Technology	41
Amundi FTSE All World GDP-Weighted UCITS ETF Acc	0.10%	Equity World	24
Xtrackers MSCI China UCITS ETF 1D	0.61%	Equity China	746
First Trust Emerging Markets AlphaDEX UCITS ETF Acc	0.41%	Equity Emerging Markets Multi-Factor Strategy	13
UBS MSCI ACWI SF UCITS ETF USD Ukdis	0.01%	Equity World	284
Goldman Sachs Alpha Enhanced Emerging Markets Equity Active UCITS ETF USD (Dist)	0.13%	Equity Emerging Markets Social/Environmental	0
iShares MSCI ACWI UCITS ETF USD (Dist)	0.01%	Equity World	20
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)	0.01%	Equity World	7,220
Xtrackers MSCI AC World Screened UCITS ETF 2C - EUR Hedged	0.02%	Equity World Social/Environmental	86
Deka MSCI Emerging Markets ESG Focus Select UCITS ETF	0.09%	Equity Emerging Markets Social/Environmental	290
Vanguard ESG Global All Cap UCITS ETF (USD) Distributing	0.02%	Equity World Social/Environmental	557
Vanguard FTSE All-World Ex-U.S. UCITS ETF USD Acc	0.04%	Equity World	9
Invesco MSCI China All Shares Stock Connect UCITS ETF	0.37%	Equity China	89
UBS MSCI EM Climate Paris Aligned UCITS ETF USD acc	0.16%	Equity Emerging Markets Social/Environmental Climate Change	625
HSBC Emerging Market Screened Equity UCITS ETF USD	0.04%	Equity Emerging Markets Social/Environmental Climate Change	167
iShares MSCI EM IMI Screened UCITS ETF USD (Dist)	0.13%	Equity Emerging Markets Social/Environmental	1,218
HSBC Hang Seng TECH UCITS ETF HKD	3.69%	Equity Hong Kong Technology	1,084
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Dist)	0.01%	Equity World	207
Vanguard FTSE Global All-Cap UCITS ETF USD Dist	0.01%	Equity World	9
UBS MSCI ACWI SF UCITS ETF USD Hedged Ukdis	0.01%	Equity World	49
State Street All World Enhanced Active Equity UCITS ETF USD Unhedged (Acc)	0.07%	Equity World Multi-Factor Strategy	6
Xtrackers MSCI China UCITS ETF 1C	0.61%	Equity China	990
Scalable MSCI AC World Xtrackers UCITS ETF 1C	0.01%	Equity World	750
Amundi MSCI Millennials UCITS ETF Acc	0.39%	Equity World Social/Environmental Millennials	19
Invesco MSCI Emerging Markets ESG Climate Paris Aligned UCITS ETF	0.22%	Equity Emerging Markets Social/Environmental Climate Change	137
Amundi Prime All Country World UCITS ETF GBP Hedged Dist	0.02%	Equity World	24
iShares BIC 50 UCITS ETF USD (Dist)	0.88%	Equity Emerging Markets	97
UBS MSCI ACWI Universal UCITS ETF hEUR acc	0.01%	Equity World Social/Environmental	605
UBS MSCI ACWI SF UCITS ETF hEUR acc	0.01%	Equity World	1,674
BNP Paribas Easy MSCI China Min TE UCITS ETF EUR Acc	0.56%	Equity China Social/Environmental	84
JPMorgan Global Emerging Markets Research Enhanced Index Equity SRI Paris Aligned Active UCITS ETF USD (dist)	0.04%	Equity Emerging Markets Social/Environmental Climate Change	8
Amundi PEA Global (MSCI ACWI) UCITS ETF Acc	0.01%	Equity World	47
UBS Core MSCI EM UCITS ETF USD dis	0.14%	Equity Emerging Markets	2,766
Amundi MSCI All Country World UCITS ETF EUR Acc	0.01%	Equity World	2,383
Xtrackers FTSE All-World ex US UCITS ETF 1C	0.04%	Equity World	46
State Street SPDR MSCI All Country World UCITS ETF USD Hedged (Acc)	0.02%	Equity World	95
Franklin FTSE Emerging Markets UCITS ETF Dist	0.16%	Equity Emerging Markets	3
Vanguard FTSE All-World Ex-U.S. UCITS ETF USD Dist	0.04%	Equity World	9
State Street SPDR MSCI Emerging Markets UCITS ETF USD	0.12%	Equity Emerging Markets	1,926
UBS MSCI ACWI SF UCITS ETF CHF Hedged Ukdis	0.01%	Equity World	86
Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	0.02%	Equity World	61
Xtrackers MSCI Fintech Innovation UCITS ETF 1C	0.49%	Equity World Technology Social/Environmental Fintech	11
Xtrackers MSCI AC World Screened UCITS ETF 1C	0.02%	Equity World Social/Environmental	6,235
Invesco FTSE All-World UCITS ETF	0.02%	Equity World	3,922
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)	0.12%	Equity Emerging Markets	37,895
BNP Paribas Easy MSCI Emerging UCITS ETF Acc	0.14%	Equity Emerging Markets	62
UBS MSCI ACWI SF UCITS ETF USD acc	0.01%	Equity World	3,854
iShares MSCI China UCITS ETF USD (Acc)	0.61%	Equity China	2,263
Xtrackers MSCI Innovation UCITS ETF 1C	0.26%	Equity World Social/Environmental Innovation	6
UBS MSCI ACWI Universal UCITS ETF USD dis	0.01%	Equity World Social/Environmental	2,205
State Street Climate Transition Emerging Markets Enhanced Equity Fund UCITS ETF	0.60%	Equity Emerging Markets Social/Environmental Climate Change	1
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF EUR Acc	0.01%	Equity World Social/Environmental	18
Amundi Core MSCI Emerging Markets UCITS ETF Acc	0.13%	Equity Emerging Markets	4,160
Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF	0.13%	Equity Emerging Markets Social/Environmental Climate Change	15
UBS MSCI ACWI Universal UCITS ETF hGBP acc	0.01%	Equity World Social/Environmental	260
iShares MSCI ACWI Screened UCITS ETF USD (Acc)	0.01%	Equity World Social/Environmental	2,878
iShares China Large Cap UCITS ETF	1.36%	Equity China	728
iShares MSCI EM IMI Screened UCITS ETF USD (Acc)	0.13%	Equity Emerging Markets Social/Environmental	5,580
First Trust Dow Jones International Internet UCITS ETF Acc	2.02%	Equity World Technology	7
iShares MSCI EM CTB Enhanced ESG UCITS ETF USD (Dist)	0.11%	Equity Emerging Markets Social/Environmental	1,030
Amundi MSCI China UCITS ETF Acc	0.62%	Equity China	571
UBS MSCI ACWI Universal UCITS ETF hJPY acc	0.01%	Equity World Social/Environmental	119
Amundi MSCI Emerging Markets Swap II UCITS ETF USD Acc	0.14%	Equity Emerging Markets	44
Amundi MSCI Emerging Markets Swap UCITS ETF USD Acc	0.14%	Equity Emerging Markets	1,441
iShares MSCI EM CTB Enhanced ESG UCITS ETF USD (Acc)	0.11%	Equity Emerging Markets Social/Environmental	7,888
Amundi MSCI Emerging Markets Asia UCITS ETF EUR (C)	0.14%	Equity Asia Pacific	1,676
iShares MSCI AC Far East ex-Japan UCITS ETF USD (Acc)	0.18%	Equity Asia Pacific	97
Amundi Core MSCI Emerging Markets UCITS ETF EUR Dist	0.13%	Equity Emerging Markets	1,105
iShares MSCI China Tech UCITS ETF USD (Acc)	2.75%	Equity China Technology Social/Environmental	1,672
WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF	0.25%	Equity Emerging Markets Social/Environmental	20
Invesco MSCI Emerging Markets Universal Screened UCITS ETF Acc	0.13%	Equity Emerging Markets Social/Environmental	149
Goldman Sachs Alpha Enhanced Emerging Markets Equity Active UCITS ETF USD (Acc)	0.13%	Equity Emerging Markets Social/Environmental	366
HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF USD	0.00%	Equity Asia Pacific Social/Environmental Climate Change	510
Franklin FTSE Emerging Markets UCITS ETF (Acc)	0.16%	Equity Emerging Markets	9
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF USD C	0.01%	Equity World Social/Environmental	62
State Street Emerging Markets Screened Enhanced Equity Fund UCITS ETF	0.49%	Equity Emerging Markets Social/Environmental	87
JPMorgan Global Emerging Markets Research Enhanced Index Equity SRI Paris Aligned Active UCITS ETF USD (acc)	0.04%	Equity Emerging Markets Social/Environmental Climate Change	218
Invesco MSCI China Technology All Shares Stock Connect UCITS ETF	1.31%	Equity China Innovation	130
HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF USD (Dist)	0.00%	Equity Asia Pacific Social/Environmental Climate Change	70
HSBC MSCI China UCITS ETF USD	0.62%	Equity China	838
Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Distributing	0.18%	Equity Emerging Markets Social/Environmental	20
iShares MSCI EM Asia UCITS ETF (Acc)	0.17%	Equity Asia Pacific	7,256
HSBC MSCI AC Asia Pacific ex Japan Climate Paris Aligned UCITS ETF	0.15%	Equity Asia Pacific Social/Environmental Climate Change	16
Vanguard FTSE All-World UCITS ETF (USD) Accumulating	0.02%	Equity World	49,406
UBS MSCI ACWI SF UCITS ETF GBP Hedged Ukdis	0.01%	Equity World	520
HSBC MSCI AC Far East ex Japan UCITS ETF USD	0.17%	Equity Asia Pacific	396
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Distributing	0.02%	Equity World Multi-Factor Strategy	229
BNP Paribas Easy MSCI ACWI UCITS ETF EUR (Acc)	0.01%	Equity World	61
Amundi MSCI EM Asia ESG Broad Transition UCITS ETF Acc	0.12%	Equity Asia Pacific Social/Environmental Climate Change	657
Amundi MSCI China Tech UCITS ETF USD	1.23%	Equity China Social/Environmental Innovation	35
Vanguard FTSE Global All-Cap UCITS ETF USD Acc	0.01%	Equity World	42
Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C	1.61%	Equity China Social/Environmental Innovation	41
Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing	0.16%	Equity Emerging Markets	3,152
UBS MSCI ACWI Universal UCITS ETF hCHF dis	0.01%	Equity World Social/Environmental	63
UBS MSCI ACWI Universal UCITS ETF hCHF acc	0.01%	Equity World Social/Environmental	1,343
Xtrackers MSCI Emerging Markets UCITS ETF 1D	0.14%	Equity Emerging Markets	807
iShares FTSE All-World UCITS ETF USD (Dist)	0.02%	Equity World	0
iShares MSCI ACWI UCITS ETF USD (Acc)	0.01%	Equity World	30,886
BNP Paribas Easy MSCI Emerging UCITS ETF EUR Acc	0.14%	Equity Emerging Markets	4
HSBC Emerging Market Screened Equity UCITS ETF USD (Dist)	0.04%	Equity Emerging Markets Social/Environmental Climate Change	76
Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C	0.14%	Equity Emerging Markets	868
HSBC MSCI Emerging Markets UCITS ETF USD (Acc)	0.13%	Equity Emerging Markets	1,494
HSBC MSCI China UCITS ETF USD (Acc)	0.62%	Equity China	124
State Street SPDR MSCI All Country World UCITS ETF EUR Hedged (Acc)	0.02%	Equity World	1,783
UBS Core MSCI EM UCITS ETF USD acc	0.14%	Equity Emerging Markets	7,914
Amundi Prime Emerging Markets UCITS ETF DR (C)	0.13%	Equity Emerging Markets	855
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Accumulating	0.02%	Equity World Multi-Factor Strategy	1,420
Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating	0.16%	Equity Emerging Markets	2,028
Franklin MSCI China Paris Aligned Climate UCITS ETF	0.17%	Equity China Social/Environmental Climate Change	8
KraneShares CSI China Internet UCITS ETF USD	3.68%	Equity China Technology	438
iShares MSCI China UCITS ETF USD (Dist)	0.61%	Equity China	77
Xtrackers FTSE All-World UCITS ETF 1C	0.02%	Equity World	109
Amundi MSCI AC Asia Ex Japan UCITS ETF Acc	0.16%	Equity Asia Pacific	392
Invesco FTSE All-World UCITS ETF	0.02%	Equity World	283
BNP Paribas Easy MSCI Emerging Min TE UCITS ETF	0.13%	Equity Emerging Markets Social/Environmental	1,724
HANetf EMQQ Emerging Markets Internet UCITS ETF	1.23%	Equity Emerging Markets Social/Environmental E-commerce	108
Amundi MSCI All Country World UCITS ETF USD Acc	0.01%	Equity World	126
Amundi Core MSCI Emerging Markets Swap UCITS ETF Acc	0.14%	Equity Emerging Markets	5,068
UBS MSCI EM SF UCITS ETF USD acc	0.14%	Equity Emerging Markets	153
BNP Paribas Easy MSCI China Min TE UCITS ETF USD Acc	0.56%	Equity China Social/Environmental	13
Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist	0.14%	Equity Emerging Markets	5,328
Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating	0.18%	Equity Emerging Markets Social/Environmental	101
Invesco MSCI Emerging Markets UCITS ETF	0.14%	Equity Emerging Markets	415
UBS MSCI AC Asia ex Japan SF UCITS ETF USD acc	0.16%	Equity Asia Pacific	897
Amundi Core MSCI Emerging Markets UCITS ETF USD Dist	0.13%	Equity Emerging Markets	89
Amundi MSCI Digital Economy UCITS ETF Acc	0.07%	Equity World Technology Social/Environmental Digitalisation	105
iShares China Large Cap UCITS ETF USD (Acc)	1.36%	Equity China Large Cap	31
UBS MSCI China Universal UCITS ETF USD dis	0.61%	Equity China Social/Environmental Climate Change	207
Xtrackers MSCI Emerging Markets Climate Transition UCITS ETF 1C	0.12%	Equity Emerging Markets Social/Environmental Climate Change	37
UBS MSCI ACWI SF UCITS ETF hEUR Ukdis	0.01%	Equity World	43
Amundi Prime All Country World UCITS ETF Dist	0.02%	Equity World	4,607
UBS MSCI ACWI SF UCITS ETF hCHF acc	0.01%	Equity World	1,865
HSBC MSCI Emerging Markets Climate Paris Aligned UCITS ETF	0.15%	Equity Emerging Markets Social/Environmental Climate Change	33
Vanguard FTSE All-World UCITS ETF (USD) Distributing	0.02%	Equity World	23,358
UBS MSCI ACWI Universal UCITS ETF hUSD acc	0.01%	Equity World Social/Environmental	1,230
State Street SPDR MSCI All Country World UCITS ETF USD Unhedged (Acc)	0.02%	Equity World	15,883
Amundi MSCI China Tech UCITS ETF EUR	1.23%	Equity China Social/Environmental Innovation	192
BNP Paribas Easy MSCI ACWI UCITS ETF (Acc)	0.01%	Equity World	59
Amundi MSCI Emerging Markets Asia UCITS ETF USD	0.14%	Equity Asia Pacific	802
Amundi MSCI Emerging Markets ESG Broad Transition UCITS ETF Acc	0.10%	Equity Emerging Markets Social/Environmental Climate Change	1,806
Invesco FTSE All-World UCITS ETF CHF PfHdg Acc	0.02%	Equity World	72
Xtrackers MSCI Emerging Markets Swap UCITS ETF 1D	0.14%	Equity Emerging Markets	182
Amundi MSCI Emerging Markets Swap UCITS ETF EUR Acc	0.14%	Equity Emerging Markets	4,131
Invesco RAFI Emerging Markets Fundamental Value UCITS ETF Dist	0.06%	Equity Emerging Markets Value	78
Deka MSCI China ex A Shares UCITS ETF	0.73%	Equity China	75
Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	0.02%	Equity World Social/Environmental	1,033
L&G Emerging Markets Equity UCITS ETF USD Acc	0.14%	Equity Emerging Markets Social/Environmental	130
Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF	0.16%	Equity Emerging Markets Social/Environmental Climate Change	7

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

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	-47.73%
1 month	-22.03%
3 months	-27.13%
6 months	-46.74%
1 year	-57.70%
3 years	-51.64%
5 years	-52.64%
Since inception (MAX)	-88.50%
2025	+36.17%
2024	-14.83%
2023	-28.42%
2022	+9.00%

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).