Flex Ltd

ISIN SG9999000020

WKN 890331

Market cap (in EUR)

20,471 m

Country

United States

Sector

Technology

Dividend yield

0.00%

Overview

Quote

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Description

Flex Ltd. operates as a manufacturing services company. It delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets. The firm operates through the following segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). The Flex Agility Solutions segment consists of Communications, Enterprise and Cloud (CEC), including data infrastructure, edge infrastructure and communications infrastructure, Lifestyle, including appliances, consumer packaging, floorcare, micro mobility and audio and, Consumer Devices including mobile and high velocity consumer devices. The Flex Reliability Solutions segment consists of Automotive, including autonomous, connectivity, electrification, and smart technologies, Health Solutions, including medical devices, medical equipment and drug delivery, Industrial, including capital equipment, industrial devices, and Renewable, including NEXTracker business, grid edge, and power systems. The company was founded by Joe McKenzie and Barbara-Ann McKenzie in 1969 and is headquartered in Austin, TX.

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Technology Electronic Components and Manufacturing Manufacturing Equipment and Services United States

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Financials

Key metrics

Market capitalisation, EUR	20,471 m
EPS, EUR	1.98
P/B ratio	4.7
P/E ratio	29.5
Dividend yield	0.00%

Income statement (2024)

Revenue, EUR	24,051 m
Net income, EUR	781 m
Profit margin	3.25%

What ETF is Flex Ltd in?

There are 168 ETFs which contain Flex Ltd. All of these ETFs are listed in the table below. The ETF with the largest weighting of Flex Ltd is the Deka Future Energy ESG UCITS ETF.

ETF	Weight	Investment focus	Fund size (in m EUR)
iShares MSCI World Sector & Country Neutral Equal Weight UCITS ETF USD (Acc)	0.27%	Equity World Equal Weighted	9
Amundi MSCI World Small Cap ESG Broad Transition UCITS ETF Acc	0.11%	Equity World Small Cap Climate Change	174
UBS MSCI USA Select Factor Mix UCITS ETF hEUR acc	0.07%	Equity United States Multi-Factor Strategy	8
UBS Core MSCI World UCITS ETF USD acc	0.03%	Equity World	7,134
UBS Core MSCI World UCITS ETF hCHF acc	0.03%	Equity World	808
Xtrackers MSCI USA Screened UCITS ETF 1C	0.04%	Equity United States Social/Environmental	260
iShares MSCI USA Mid-Cap Equal Weight UCITS ETF USD (Acc)	0.30%	Equity United States Mid Cap	285
Deka MSCI USA Climate Change ESG UCITS ETF	0.13%	Equity United States Social/Environmental Climate Change	661
iShares Core MSCI World UCITS ETF USD (Dist)	0.03%	Equity World	493
Invesco FTSE RAFI All World 3000 UCITS ETF	0.10%	Equity World Fundamental/Quality	166
iShares World Equity Enhanced Active UCITS ETF EUR Hedged (Acc)	0.01%	Equity World Social/Environmental Multi-Asset Strategy	198
iShares MSCI USA Value Factor Advanced UCITS ETF USD (Acc)	0.30%	Equity United States Value	99
iShares MSCI USA ESG Enhanced CTB UCITS ETF USD (Dist)	0.01%	Equity United States Social/Environmental	12,650
UBS MSCI USA NSL UCITS ETF USD acc	0.03%	Equity United States	2,793
BNP Paribas Easy MSCI World UCITS ETF USD Acc	0.03%	Equity World	49
UBS Core MSCI World UCITS ETF USD dis	0.02%	Equity World	1,348
UBS MSCI World UCITS ETF USD dis	0.02%	Equity World	1,346
Vanguard FTSE Developed World UCITS ETF Acc	0.03%	Equity World	4,990
BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF USD Acc	0.09%	Equity World Equal Weighted	23
iShares MSCI USA ESG Enhanced CTB UCITS ETF EUR Hedged (Acc)	0.01%	Equity United States Social/Environmental	1,759
Vanguard LifeStrategy 40% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	36
BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Acc	0.02%	Equity World Social/Environmental	437
iShares MSCI ACWI UCITS ETF USD (Dist)	0.02%	Equity World	2
SPDR MSCI All Country World Investable Market UCITS ETF (Acc)	0.00%	Equity World	4,372
Deka MSCI World Climate Change ESG UCITS ETF	0.09%	Equity World Social/Environmental Climate Change	1,481
Xtrackers MSCI AC World Screened UCITS ETF 2C - EUR Hedged	0.03%	Equity World Social/Environmental	70
UBS MSCI USA Value UCITS ETF USD dis	0.07%	Equity United States Value	452
iShares Dow Jones Global Leaders Screened UCITS ETF USD (Acc)	0.11%	Equity World Social/Environmental	1,620
iShares MSCI USA Screened UCITS ETF USD (Dist)	0.04%	Equity United States Social/Environmental	1,294
Vanguard ESG Global All Cap UCITS ETF (USD) Distributing	0.03%	Equity World Social/Environmental	490
SPDR MSCI World UCITS ETF	0.03%	Equity World	14,203
Franklin U.S. Equity UCITS ETF	0.10%	Equity United States Multi-Factor Strategy	56
SPDR MSCI All Country World Investable Market UCITS ETF (Dist)	0.00%	Equity World	83
Deka MSCI World UCITS ETF Distribution	0.03%	Equity World	4,512
Scalable MSCI AC World Xtrackers UCITS ETF 1C	0.02%	Equity World	436
Vanguard FTSE Developed World UCITS ETF Distributing	0.03%	Equity World	3,536
Invesco FTSE RAFI US 1000 UCITS ETF	0.10%	Equity United States Fundamental/Quality	615
Vanguard FTSE North America UCITS ETF (USD) Accumulating	0.04%	Equity North America	2,109
UBS MSCI ACWI Universal UCITS ETF hEUR acc	0.01%	Equity World Social/Environmental	668
JPMorgan Global Equity Multi-Factor UCITS ETF USD (Dist)	0.29%	Equity World Multi-Factor Strategy	0
Amundi MSCI World IMI Value Advanced UCITS ETF Acc	0.23%	Equity World Value Climate Change	203
Vanguard LifeStrategy 20% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	15
HSBC USA Screened Equity UCITS ETF USD	0.07%	Equity United States Social/Environmental Climate Change	609
UBS MSCI USA ex Mega Cap UCITS ETF USD acc	0.06%	Equity United States	2
SPDR MSCI All Country World UCITS ETF USD Hedged (Acc)	0.02%	Equity World	66
UBS Core MSCI USA UCITS ETF EUR Hedged acc	0.03%	Equity United States	684
Xtrackers MSCI World UCITS ETF 2C - EUR Hedged	0.03%	Equity World	364
SPDR MSCI World UCITS ETF GBP Hedged (Dist)	0.03%	Equity World	262
Xtrackers MSCI World Screened UCITS ETF 1D	0.03%	Equity World Social/Environmental	120
Xtrackers MSCI World UCITS ETF 1D	0.03%	Equity World	4,611
BNP Paribas Easy MSCI World UCITS ETF EUR Acc	0.03%	Equity World	69
Xtrackers MSCI AC World Screened UCITS ETF 1C	0.03%	Equity World Social/Environmental	5,177
L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating	0.04%	Equity United States Social/Environmental Climate Change	153
First Trust US Momentum UCITS ETF Class A Accumulation	0.16%	Equity United States Momentum	72
UBS Factor MSCI USA Prime Value Screened UCITS ETF hEUR acc	0.37%	Equity United States Value Climate Change	16
iShares AI Innovation Active UCITS ETF USD (Acc)	1.71%	Equity World Social/Environmental Artificial Intelligence	113
iShares MSCI World Islamic UCITS ETF	0.10%	Equity World Islamic Investing	863
UBS Core MSCI USA UCITS ETF USD acc	0.03%	Equity United States	2,215
iShares MSCI World Screened UCITS ETF USD (Dist)	0.03%	Equity World Social/Environmental	994
Xtrackers MSCI USA Information Technology UCITS ETF 1D	0.11%	Equity United States Technology	1,509
iShares World Equity Enhanced Active UCITS ETF GBP Hedged (Acc)	0.01%	Equity World Social/Environmental Multi-Asset Strategy	2
iShares MSCI USA ESG Enhanced CTB UCITS ETF USD (Acc)	0.01%	Equity United States Social/Environmental	6,947
UBS MSCI ACWI Universal UCITS ETF USD dis	0.01%	Equity World Social/Environmental	2,010
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF EUR Acc	0.02%	Equity World Social/Environmental	15
HSBC MSCI World UCITS ETF EUR Hedged (Acc)	0.02%	Equity World	697
HSBC USA Screened Equity UCITS ETF USD (Dist)	0.07%	Equity United States Social/Environmental Climate Change	81
iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD (Acc)	0.11%	Equity World Mid Cap	371
UBS MSCI USA Select Factor Mix UCITS ETF USD acc	0.07%	Equity United States Multi-Factor Strategy	99
iShares MSCI World Screened UCITS ETF USD (Acc)	0.03%	Equity World Social/Environmental	4,816
UBS MSCI ACWI Universal UCITS ETF hGBP acc	0.01%	Equity World Social/Environmental	282
Vanguard LifeStrategy 40% Equity UCITS ETF Accumulating	0.00%	Equity World Multi-Asset Strategy	203
UBS MSCI ACWI Universal UCITS ETF hJPY acc	0.01%	Equity World Social/Environmental	105
BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc	0.09%	Equity World Equal Weighted	33
SPDR MSCI World Technology UCITS ETF	0.09%	Equity World Technology	852
iShares Russell 1000 Value UCITS ETF USD (Acc)	0.07%	Equity United States Value	362
Vanguard FTSE North America UCITS ETF (USD) Distributing	0.04%	Equity North America	2,497
SPDR S&P 400 U.S. Mid Cap UCITS ETF USD Unhedged (Dist)	0.70%	Equity United States Mid Cap	16
SPDR S&P 400 U.S. Mid Cap UCITS ETF EUR Hedged (Dist)	0.70%	Equity United States Mid Cap	47
iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)	0.20%	Equity United States Value	125
Invesco Global Active Defensive ESG Equity UCITS ETF EUR PfHdg Acc	0.20%	Equity World Low Volatility/Risk Weighted Climate Change	59
Xtrackers MSCI USA Screened UCITS ETF 2C - EUR Hedged	0.04%	Equity United States Social/Environmental	41
iShares MSCI World UCITS ETF (Dist)	0.03%	Equity World	7,394
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF USD C	0.02%	Equity World Social/Environmental	25
Vanguard LifeStrategy 80% Equity UCITS ETF (EUR) Accumulating	0.01%	Equity World Multi-Asset Strategy	932
iShares Core MSCI World UCITS ETF EUR Hedged (Dist)	0.03%	Equity World	1,619
iShares MSCI USA Islamic UCITS ETF	0.18%	Equity United States Islamic Investing	282
Vanguard FTSE All-World UCITS ETF (USD) Accumulating	0.02%	Equity World	29,930
UBS MSCI USA Select Factor Mix UCITS ETF USD dis	0.07%	Equity United States Multi-Factor Strategy	25
HSBC MSCI World UCITS ETF USD (Acc)	0.02%	Equity World	1,517
Invesco Global Active Defensive ESG Equity UCITS ETF Dist	0.20%	Equity World Low Volatility/Risk Weighted Climate Change	164
Xtrackers MSCI USA UCITS ETF 1D	0.04%	Equity United States	251
HSBC MSCI World UCITS ETF USD	0.02%	Equity World	12,533
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Distributing	0.04%	Equity World Multi-Factor Strategy	165
iShares MSCI North America UCITS ETF	0.04%	Equity North America	1,039
BNP Paribas Easy ESG Enhanced World UCITS ETF EUR Capitalisation	0.10%	Equity World Social/Environmental	419
Invesco Global Enhanced Equity UCITS ETF Acc	0.20%	Equity World Multi-Factor Strategy	396
UBS MSCI ACWI Universal UCITS ETF hCHF dis	0.01%	Equity World Social/Environmental	60
JPMorgan BetaBuilders US Equity UCITS ETF (Dist)	0.04%	Equity United States	2
UBS Core MSCI World UCITS ETF hGBP dis	0.03%	Equity World	94
HSBC Developed World Screened Equity UCITS ETF USD (Dist)	0.04%	Equity World Social/Environmental Climate Change	57
UBS MSCI ACWI Universal UCITS ETF hCHF acc	0.01%	Equity World Social/Environmental	1,409
iShares MSCI ACWI UCITS ETF USD (Acc)	0.02%	Equity World	22,814
Vanguard LifeStrategy 80% Equity UCITS ETF Distributing	0.01%	Equity World Multi-Asset Strategy	69
Xtrackers MSCI USA UCITS ETF 1C	0.04%	Equity United States	9,191
Xtrackers MSCI World Momentum ESG UCITS ETF	0.11%	Equity World Momentum	234
UBS Core MSCI World UCITS ETF hEUR acc	0.03%	Equity World	402
Invesco Nasdaq Next Generation 100 UCITS ETF Acc	1.10%	Equity United States Technology	34
UBS Core MSCI USA UCITS ETF EUR Hedged dis	0.03%	Equity United States	267
Xtrackers MSCI World Information Technology UCITS ETF 1C	0.10%	Equity World Technology	4,259
UBS MSCI USA Select Factor Mix UCITS ETF hCHF acc	0.07%	Equity United States Multi-Factor Strategy	25
SPDR MSCI All Country World UCITS ETF EUR Hedged (Acc)	0.02%	Equity World	1,057
Franklin FTSE Developed World UCITS ETF USD Capitalisation	0.03%	Equity World	17
BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc	0.02%	Equity World Social/Environmental	125
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Accumulating	0.04%	Equity World Multi-Factor Strategy	933
UBS Core MSCI USA UCITS ETF CHF Hedged acc	0.03%	Equity United States	491
Vanguard ESG North America All Cap UCITS ETF (USD) Distributing	0.04%	Equity North America Social/Environmental	24
iShares MSCI World EUR Hedged UCITS ETF (Acc)	0.03%	Equity World	4,866
Deka MSCI USA UCITS ETF	0.04%	Equity United States	381
iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist)	0.11%	Equity United States Momentum	13
JPMorgan BetaBuilders US Equity UCITS ETF (Acc)	0.04%	Equity United States	71
iShares MSCI World Climate Transition Aware UCITS ETF USD (Acc)	0.03%	Equity World Social/Environmental Climate Change	6
Vanguard LifeStrategy 20% Equity UCITS ETF Accumulating	0.00%	Equity World Multi-Asset Strategy	93
iShares Edge MSCI USA Value Factor UCITS ETF	0.20%	Equity United States Value	2,779
iShares MSCI USA Screened UCITS ETF USD (Acc)	0.04%	Equity United States Social/Environmental	13,582
UBS Factor MSCI USA Prime Value Screened UCITS ETF USD dis	0.37%	Equity United States Value Climate Change	179
Deka MSCI USA MC UCITS ETF	0.30%	Equity United States Mid Cap	49
UBS Core MSCI USA UCITS ETF hGBP acc	0.03%	Equity United States	39
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)	0.07%	Equity World Momentum	3,419
Vanguard LifeStrategy 60% Equity UCITS ETF Accumulating	0.01%	Equity World Multi-Asset Strategy	716
iShares Core MSCI World UCITS ETF USD (Acc)	0.03%	Equity World	111,477
Xtrackers MSCI World UCITS ETF 1C	0.03%	Equity World	16,626
Invesco Global Enhanced Equity UCITS ETF EUR PfHdg Acc	0.20%	Equity World Multi-Factor Strategy	7
SPDR MSCI USA Value Weighted UCITS ETF	0.28%	Equity United States Value	162
iShares MSCI World Climate Transition Aware UCITS ETF USD (Dist)	0.03%	Equity World Social/Environmental Climate Change	2
iShares MSCI World GBP Hedged UCITS ETF (Acc)	0.03%	Equity World	478
iShares World Equity Enhanced Active UCITS ETF USD (Acc)	0.01%	Equity World Social/Environmental Multi-Asset Strategy	1,328
Vanguard ESG North America All Cap UCITS ETF (USD) Accumulating	0.04%	Equity North America Social/Environmental	263
SPDR MSCI World UCITS ETF EUR Hedged (Acc)	0.03%	Equity World	680
ODDO BHF Global Equity Active UCITS ETF (Acc)	0.01%	Equity World Social/Environmental	5
UBS Core MSCI USA UCITS ETF USD dis	0.03%	Equity United States	1,156
Vanguard FTSE All-World UCITS ETF (USD) Distributing	0.02%	Equity World	19,455
UBS MSCI USA Universal UCITS ETF USD acc	0.02%	Equity United States Social/Environmental Climate Change	3
UBS MSCI ACWI Universal UCITS ETF hUSD acc	0.01%	Equity World Social/Environmental	1,190
BNP Paribas Easy ESG Enhanced World UCITS ETF USD Acc	0.10%	Equity World Social/Environmental	14
SPDR S&P 400 U.S. Mid Cap Leaders UCITS ETF USD Unhedged (Acc)	1.50%	Equity United States Mid Cap	4
iShares MSCI USA Screened UCITS ETF EUR Hedged (Acc)	0.04%	Equity United States Social/Environmental	967
iShares Edge MSCI USA Momentum Factor UCITS ETF	0.11%	Equity United States Momentum	424
SPDR MSCI All Country World UCITS ETF (Acc)	0.02%	Equity World	8,191
iShares MSCI USA Climate Transition Aware UCITS ETF USD (Acc)	0.05%	Equity United States Social/Environmental Climate Change	5
Xtrackers MSCI World Momentum UCITS ETF 1C	0.07%	Equity World Momentum	1,609
Xtrackers MSCI USA UCITS ETF 3C CHF Hedged	0.04%	Equity United States	304
iShares MSCI USA UCITS ETF (Acc)	0.04%	Equity United States	3,003
BNP Paribas Easy MSCI USA Min TE UCITS ETF	0.02%	Equity United States Social/Environmental	1,347
iShares MSCI World Information Technology Sector Advanced UCITS ETF USD (Dist)	0.02%	Equity World Technology Social/Environmental	634
iShares MSCI USA Climate Transition Aware UCITS ETF USD (Dist)	0.05%	Equity United States Social/Environmental Climate Change	1
Deka Future Energy ESG UCITS ETF	4.59%	Equity World Utilities Social/Environmental Clean Energy	30
JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating	0.29%	Equity World Multi-Factor Strategy	208
UBS MSCI World ex Mega Cap UCITS ETF USD acc	0.04%	Equity World	32
Invesco Global Active Defensive ESG Equity UCITS ETF Acc	0.20%	Equity World Low Volatility/Risk Weighted Climate Change	3
Invesco US Enhanced Equity UCITS ETF Acc	0.10%	Equity United States Multi-Factor Strategy	53
SPDR S&P 400 U.S. Mid Cap UCITS ETF USD Unhedged (Acc)	0.70%	Equity United States Mid Cap	4,743
UBS Factor MSCI USA Prime Value Screened UCITS ETF hGBP dis	0.37%	Equity United States Value Climate Change	5
Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	0.03%	Equity World Social/Environmental	738
HSBC Developed World Screened Equity UCITS ETF USD	0.04%	Equity World Social/Environmental Climate Change	273
Xtrackers MSCI World Screened UCITS ETF 1C	0.03%	Equity World Social/Environmental	73
Vanguard LifeStrategy 60% Equity UCITS ETF Distributing	0.01%	Equity World Multi-Asset Strategy	92
Xtrackers MSCI USA UCITS ETF 2C EUR Hedged	0.04%	Equity United States	551
UBS MSCI USA UCITS ETF USD dis	0.03%	Equity United States	441

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€	3000	View offer**
0.00€	5600	View offer*
1.00€	2500	View offer*
9.95€	5000	View offer*
0.00€	2500	View offer*

Show all offers

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

Savings plan offers

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

Select your savings amount:

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*
0.00€	0.00€	View offer*

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

Performance

Returns overview

YTD	+3.88%
1 month	+1.21%
3 months	+9.35%
6 months	+29.18%
1 year	+35.62%
3 years	+147.91%
5 years	+248.99%
Since inception (MAX)	+482.38%
2025	+43.42%
2024	+33.55%
2023	+38.54%
2022	+23.41%

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).