Builders FirstSource

ISIN US12008R1077

WKN A0ER15

Market cap (in EUR)

10,516 m

Country

United States

Sector

Non-Energy Materials

Dividend yield

0.00%

Overview

Quote

Description

Builders FirstSource, Inc. engages in the supply and manufacture of building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood. The company was founded by Kevin P. O'Meara, Donald F. McAleenan and John D. Roach in March 1998 and is headquartered in Irving, TX.

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Non-Energy Materials Mining and Mineral Products Construction Materials United States

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Financials

Key metrics

Market capitalisation, EUR	10,516 m
EPS, EUR	4.76
P/B ratio	2.8
P/E ratio	21.1
Dividend yield	0.00%

Income statement (2024)

Revenue, EUR	15,162 m
Net income, EUR	996 m
Profit margin	6.57%

What ETF is Builders FirstSource in?

There are 197 ETFs which contain Builders FirstSource. All of these ETFs are listed in the table below. The ETF with the largest weighting of Builders FirstSource is the Global X U.S. Infrastructure Development UCITS ETF USD Distributing.

ETF	Weight	Investment focus	Fund size (in m EUR)
iShares MSCI World Sector & Country Neutral Equal Weight UCITS ETF USD (Acc)	0.06%	Equity World Equal Weighted	9
UBS MSCI USA Select Factor Mix UCITS ETF hEUR acc	0.02%	Equity United States Multi-Factor Strategy	9
UBS Core MSCI World UCITS ETF hCHF acc	0.02%	Equity World	669
Xtrackers MSCI USA Screened UCITS ETF 1C	0.03%	Equity United States Social/Environmental	200
Xtrackers Portfolio UCITS ETF 1C	0.02%	Equity World Multi-Asset Strategy	665
Invesco MSCI World Equal Weight UCITS ETF Acc	0.06%	Equity World Equal Weighted	687
iShares Moderate Portfolio UCITS ETF EUR (Acc)	0.01%	Equity World Social/Environmental Multi-Asset Strategy	35
Xtrackers MSCI World Value UCITS ETF 1C	0.09%	Equity World Value	2,683
iShares MSCI USA Value Factor Advanced UCITS ETF USD (Acc)	0.22%	Equity United States Value	102
iShares Moderate Portfolio UCITS ETF GBP Hedged (Acc)	0.01%	Equity World Social/Environmental Multi-Asset Strategy	15
iShares MSCI USA ESG Enhanced CTB UCITS ETF USD (Dist)	0.01%	Equity United States Social/Environmental	13,552
UBS ETF (IE) MSCI USA UCITS ETF (USD) A-UKdis	0.02%	Equity United States	48
SPDR S&P 500 UCITS ETF (Acc)	0.02%	Equity United States	11,324
UBS Core MSCI World UCITS ETF USD dis	0.02%	Equity World	1,215
BNP Paribas Easy S&P 500 II UCITS ETF EUR (Acc)	0.02%	Equity United States	46
BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF USD Acc	0.08%	Equity World Equal Weighted	21
iShares MSCI USA ESG Enhanced CTB UCITS ETF EUR Hedged (Acc)	0.01%	Equity United States Social/Environmental	1,615
iShares MSCI ACWI UCITS ETF USD (Dist)	0.01%	Equity World	0
Xtrackers MSCI AC World Screened UCITS ETF 2C - EUR Hedged	0.02%	Equity World Social/Environmental	62
UBS MSCI USA Value UCITS ETF USD dis	0.05%	Equity United States Value	419
Amundi Core MSCI USA UCITS ETF Acc	0.02%	Equity United States	2,491
Vanguard ESG Global All Cap UCITS ETF (USD) Distributing	0.01%	Equity World Social/Environmental	487
iShares S&P 500 Equal Weight UCITS ETF GBP Hedged (Acc)	0.16%	Equity United States Equal Weighted	305
iShares S&P 500 CHF Hedged UCITS ETF (Acc)	0.02%	Equity United States	854
Invesco MSCI USA Universal Screened UCITS ETF Dist	0.02%	Equity United States Social/Environmental	36
WisdomTree US Efficient Core UCITS ETF USD Unhedged Acc	0.03%	Equity United States Social/Environmental Multi-Asset Strategy	22
UBS MSCI USA ex Mega Cap UCITS ETF USD acc	0.04%	Equity United States	2
SPDR MSCI All Country World UCITS ETF USD Hedged (Acc)	0.01%	Equity World	65
Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	0.02%	Equity World	29
Xtrackers MSCI World ESG UCITS ETF 1C	0.04%	Equity World Social/Environmental	5,861
Xtrackers S&P 500 UCITS ETF 1C - EUR Hedged	0.02%	Equity United States	574
Xtrackers S&P 500 Equal Weight UCITS ETF 1D - GBP Hedged	0.18%	Equity United States Equal Weighted	198
Xtrackers S&P 500 UCITS ETF 1D - EUR Hedged	0.02%	Equity United States	47
UBS MSCI ACWI Universal UCITS ETF USD dis	0.01%	Equity World Social/Environmental	1,899
HSBC MSCI World UCITS ETF EUR Hedged (Acc)	0.01%	Equity World	644
Amundi MSCI USA ESG Broad Transition UCITS ETF Dist	0.01%	Equity United States Social/Environmental Climate Change	2,396
UBS MSCI USA Select Factor Mix UCITS ETF USD acc	0.02%	Equity United States Multi-Factor Strategy	97
iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)	0.07%	Equity World Value	169
Amundi MSCI USA Ex Mega Cap UCITS ETF Acc	0.06%	Equity United States	39
Xtrackers MSCI World Industrials UCITS ETF 1C	0.16%	Equity World Industrials	482
BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc	0.08%	Equity World Equal Weighted	29
UBS Core S&P 500 UCITS ETF hGBP dis	0.02%	Equity United States	61
iShares Core S&P 500 UCITS ETF USD (Dist)	0.02%	Equity United States	17,512
Invesco Global Active Defensive ESG Equity UCITS ETF EUR PfHdg Acc	0.07%	Equity World Low Volatility/Risk Weighted Climate Change	58
iShares MSCI World Industrials Sector Advanced UCITS ETF USD (Dist)	0.09%	Equity World Industrials Social/Environmental	86
iShares Growth Portfolio UCITS ETF GBP Hedged (Acc)	0.02%	Equity World Social/Environmental Multi-Asset Strategy	21
UBS MSCI USA Select Factor Mix UCITS ETF USD dis	0.02%	Equity United States Multi-Factor Strategy	29
HSBC MSCI World UCITS ETF USD	0.01%	Equity World	12,580
UBS Core S&P 500 UCITS ETF hEUR acc	0.02%	Equity United States	254
BNP Paribas Easy S&P 500 II UCITS ETF EUR Hedged (Acc)	0.02%	Equity United States	56
Invesco MSCI World Universal Screened UCITS ETF Acc	0.01%	Equity World Social/Environmental	204
UBS MSCI ACWI Universal UCITS ETF hCHF dis	0.01%	Equity World Social/Environmental	63
SPDR S&P U.S. Industrials Select Sector UCITS ETF USD	0.27%	Equity United States Industrials	381
UBS MSCI ACWI Universal UCITS ETF hCHF acc	0.01%	Equity World Social/Environmental	1,319
Xtrackers MSCI USA UCITS ETF 1C	0.02%	Equity United States	9,332
UBS Core MSCI USA UCITS ETF EUR Hedged dis	0.02%	Equity United States	326
iShares Conservative Portfolio UCITS ETF EUR (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	12
Franklin FTSE Developed World UCITS ETF USD Capitalisation	0.02%	Equity World	17
iShares Core MSCI World UCITS ETF GBP Hedged (Dist)	0.02%	Equity World	952
BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc	0.01%	Equity World Social/Environmental	113
iShares S&P 500 Equal Weight UCITS ETF USD (Dist)	0.16%	Equity United States Equal Weighted	10
UBS Core MSCI USA UCITS ETF CHF Hedged acc	0.02%	Equity United States	464
iShares Edge MSCI World Value Factor UCITS ETF	0.07%	Equity World Value	3,899
Vanguard ESG North America All Cap UCITS ETF (USD) Distributing	0.02%	Equity North America Social/Environmental	27
Amundi Core MSCI World UCITS ETF Acc	0.02%	Equity World	8,682
UBS Core MSCI USA UCITS ETF hGBP acc	0.02%	Equity United States	59
iShares Moderate Portfolio UCITS ETF USD Hedged (Acc)	0.01%	Equity World Social/Environmental Multi-Asset Strategy	5
iShares Core MSCI World UCITS ETF USD (Acc)	0.02%	Equity World	108,360
iShares Core S&P 500 UCITS ETF GBP Hedged (Dist)	0.02%	Equity United States	3,002
SPDR MSCI USA Value Weighted UCITS ETF	0.22%	Equity United States Value	152
iShares Core S&P 500 UCITS ETF USD (Acc)	0.02%	Equity United States	115,996
iShares Growth Portfolio UCITS ETF EUR (Acc)	0.02%	Equity World Social/Environmental Multi-Asset Strategy	70
Vanguard ESG North America All Cap UCITS ETF (USD) Accumulating	0.02%	Equity North America Social/Environmental	315
BNP Paribas Easy S&P 500 II UCITS ETF USD (Acc)	0.02%	Equity United States	97
UBS Core MSCI USA UCITS ETF USD dis	0.02%	Equity United States	1,194
Vanguard FTSE All-World UCITS ETF (USD) Distributing	0.01%	Equity World	18,707
UBS MSCI USA Universal UCITS ETF USD acc	0.02%	Equity United States Social/Environmental Climate Change	3
Invesco MSCI USA Universal Screened UCITS ETF GBP Hedged Acc	0.02%	Equity United States Social/Environmental	4
SPDR MSCI All Country World UCITS ETF (Acc)	0.01%	Equity World	6,772
iShares Growth Portfolio UCITS ETF USD Hedged (Acc)	0.02%	Equity World Social/Environmental Multi-Asset Strategy	1
iShares STOXX World Equity Multifactor UCITS ETF EUR Hedged (Acc)	0.29%	Equity World Multi-Factor Strategy	75
iShares MSCI USA UCITS ETF (Acc)	0.02%	Equity United States	2,696
JPMorgan Global Equity Multi-Factor UCITS ETF Accumulating	0.16%	Equity World Multi-Factor Strategy	185
UBS MSCI World ex Mega Cap UCITS ETF USD acc	0.03%	Equity World	5
iShares MSCI World ESG Enhanced CTB UCITS ETF EUR Hedged (Acc)	0.01%	Equity World Social/Environmental	180
iShares MSCI World ESG Enhanced CTB UCITS ETF USD (Dist)	0.01%	Equity World Social/Environmental	945
Invesco Global Active Defensive ESG Equity UCITS ETF Acc	0.07%	Equity World Low Volatility/Risk Weighted Climate Change	4
Xtrackers S&P 500 UCITS ETF 4D	0.02%	Equity United States	2
Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	0.01%	Equity World Social/Environmental	705
Xtrackers MSCI World Screened UCITS ETF 1C	0.02%	Equity World Social/Environmental	65
Xtrackers MSCI USA ESG UCITS ETF 1C	0.05%	Equity United States Social/Environmental	8,269
UBS Core S&P 500 UCITS ETF USD dis	0.02%	Equity United States	1,044
UBS Core S&P 500 UCITS ETF hCHF acc	0.02%	Equity United States	484
Xtrackers MSCI USA UCITS ETF 2C EUR Hedged	0.02%	Equity United States	500
Ossiam Bloomberg USA PAB UCITS ETF 1A (EUR)	0.12%	Equity United States Social/Environmental Climate Change	418
UBS Core MSCI World UCITS ETF USD acc	0.02%	Equity World	4,807
iShares MSCI USA Mid-Cap Equal Weight UCITS ETF USD (Acc)	0.31%	Equity United States Mid Cap	264
iShares Core MSCI World UCITS ETF USD (Dist)	0.02%	Equity World	412
Xtrackers S&P 500 Equal Weight UCITS ETF 1C	0.18%	Equity United States Equal Weighted	7,400
Invesco MSCI USA Universal Screened UCITS ETF Acc	0.02%	Equity United States Social/Environmental	2,858
Invesco FTSE RAFI All World 3000 UCITS ETF	0.03%	Equity World Fundamental/Quality	127
Invesco Global Buyback Achievers UCITS ETF	0.25%	Equity World Buyback	115
Amundi MSCI USA ESG Leaders Extra UCITS ETF Acc EUR Hedged	0.04%	Equity United States Social/Environmental	0
Invesco FTSE All-World UCITS ETF GBP PfHdg Dist	0.02%	Equity World	4
UBS MSCI USA NSL UCITS ETF USD acc	0.02%	Equity United States	2,753
BNP Paribas Easy MSCI World UCITS ETF USD Acc	0.02%	Equity World	26
UBS MSCI World UCITS ETF USD dis	0.01%	Equity World	1,338
Vanguard FTSE Developed World UCITS ETF Acc	0.02%	Equity World	4,728
Xtrackers S&P 500 Equal Weight UCITS ETF 2D	0.18%	Equity United States Equal Weighted	378
BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Acc	0.01%	Equity World Social/Environmental	459
SPDR MSCI All Country World Investable Market UCITS ETF (Acc)	0.00%	Equity World	3,882
Amundi MSCI World Catholic Principles UCITS ETF Acc	0.03%	Equity World Social/Environmental Catholic principles	80
iShares MSCI USA Screened UCITS ETF USD (Dist)	0.02%	Equity United States Social/Environmental	1,370
Franklin S&P 500 Screened UCITS ETF Acc	0.02%	Equity United States Social/Environmental Climate Change	3
SPDR S&P 500 UCITS ETF (Dist)	0.02%	Equity United States	15,324
SPDR MSCI World UCITS ETF	0.02%	Equity World	13,319
Global X U.S. Infrastructure Development UCITS ETF USD Accumulating	0.82%	Equity United States Infrastructure	444
iShares S&P 500 Equal Weight UCITS ETF EUR Hedged (Acc)	0.16%	Equity United States Equal Weighted	38
Amundi MSCI USA ESG Leaders Extra UCITS ETF DR USD (A)	0.04%	Equity United States Social/Environmental	635
SPDR MSCI All Country World Investable Market UCITS ETF (Dist)	0.00%	Equity World	67
Vanguard FTSE Developed World UCITS ETF Distributing	0.02%	Equity World	3,521
Invesco FTSE RAFI US 1000 UCITS ETF	0.05%	Equity United States Fundamental/Quality	568
Vanguard FTSE North America UCITS ETF (USD) Accumulating	0.02%	Equity North America	2,027
UBS MSCI ACWI Universal UCITS ETF hEUR acc	0.01%	Equity World Social/Environmental	747
HSBC S&P 500 UCITS ETF USD	0.02%	Equity United States	7,088
Xtrackers S&P 500 Equal Weight UCITS ETF 3C - CHF Hedged	0.18%	Equity United States Equal Weighted	34
iShares STOXX World Equity Multifactor UCITS ETF CHF Hedged (Acc)	0.29%	Equity World Multi-Factor Strategy	9
Xtrackers S&P 500 Equal Weight UCITS ETF 2C EUR Hedged	0.18%	Equity United States Equal Weighted	796
UBS Core MSCI USA UCITS ETF EUR Hedged acc	0.02%	Equity United States	471
BNP Paribas Easy MSCI World UCITS ETF EUR Acc	0.02%	Equity World	31
Xtrackers MSCI AC World Screened UCITS ETF 1C	0.02%	Equity World Social/Environmental	4,777
Amundi MSCI USA ESG Leaders Extra UCITS ETF DR - USD (D)	0.04%	Equity United States Social/Environmental	188
Invesco FTSE All-World UCITS ETF Acc	0.02%	Equity World	2,065
iShares Conservative Portfolio UCITS ETF USD Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	0
UBS Core MSCI USA UCITS ETF USD acc	0.02%	Equity United States	2,065
Vanguard S&P 500 UCITS ETF (USD) Accumulating	0.02%	Equity United States	25,555
iShares MSCI World Screened UCITS ETF USD (Dist)	0.02%	Equity World Social/Environmental	821
Xtrackers MSCI USA ESG UCITS ETF 2C - EUR Hedged	0.05%	Equity United States Social/Environmental	130
SPDR MSCI World Industrials UCITS ETF	0.15%	Equity World Industrials	114
iShares MSCI USA ESG Enhanced CTB UCITS ETF USD (Acc)	0.01%	Equity United States Social/Environmental	7,221
HSBC MSCI World UCITS ETF CHF hedged	0.01%	Equity World	49
iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD (Acc)	0.12%	Equity World Mid Cap	321
iShares MSCI World Screened UCITS ETF USD (Acc)	0.02%	Equity World Social/Environmental	4,445
iShares MSCI World CHF Hedged UCITS ETF (Acc)	0.01%	Equity World	1,643
UBS MSCI ACWI Universal UCITS ETF hGBP acc	0.01%	Equity World Social/Environmental	313
Amundi Core MSCI USA UCITS ETF Dist	0.02%	Equity United States	-
UBS MSCI ACWI Universal UCITS ETF hJPY acc	0.01%	Equity World Social/Environmental	107
Vanguard FTSE North America UCITS ETF (USD) Distributing	0.02%	Equity North America	2,442
Xtrackers S&P 500 UCITS ETF 4C	0.02%	Equity United States	904
iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)	0.19%	Equity United States Value	109
Xtrackers MSCI USA Screened UCITS ETF 2C - EUR Hedged	0.03%	Equity United States Social/Environmental	90
iShares MSCI World UCITS ETF (Dist)	0.01%	Equity World	7,454
iShares Core MSCI World UCITS ETF EUR Hedged (Dist)	0.02%	Equity World	1,490
SPDR S&P 500 EUR Hedged UCITS ETF	0.02%	Equity United States	2,327
iShares S&P 500 EUR Hedged UCITS ETF (Acc)	0.02%	Equity United States	7,796
Vanguard FTSE All-World UCITS ETF (USD) Accumulating	0.01%	Equity World	26,098
HSBC MSCI World UCITS ETF USD (Acc)	0.01%	Equity World	1,406
Xtrackers MSCI USA UCITS ETF 1D	0.02%	Equity United States	245
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Distributing	0.02%	Equity World Multi-Factor Strategy	141
iShares MSCI World ESG Enhanced CTB UCITS ETF USD (Acc)	0.01%	Equity World Social/Environmental	4,503
iShares MSCI North America UCITS ETF	0.02%	Equity North America	1,111
BNP Paribas Easy S&P 500 II UCITS ETF USD (Dist)	0.02%	Equity United States	0
Xtrackers MSCI AC World Screened UCITS ETF 5C - USD Hedged	0.02%	Equity World Social/Environmental	1
iShares MSCI ACWI UCITS ETF USD (Acc)	0.01%	Equity World	21,112
Ossiam Bloomberg USA PAB UCITS ETF 1A (EUR Hedged)	0.12%	Equity United States Social/Environmental Climate Change	1
iShares S&P 500 Industrials Sector UCITS ETF	0.26%	Equity United States Industrials	413
Vanguard S&P 500 UCITS ETF (USD) Distributing	0.02%	Equity United States	43,484
UBS MSCI USA Select Factor Mix UCITS ETF hCHF acc	0.02%	Equity United States Multi-Factor Strategy	31
SPDR MSCI All Country World UCITS ETF EUR Hedged (Acc)	0.01%	Equity World	942
iShares S&P 500 Equal Weight UCITS ETF USD (Acc)	0.16%	Equity United States Equal Weighted	3,118
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Accumulating	0.02%	Equity World Multi-Factor Strategy	756
iShares MSCI World EUR Hedged UCITS ETF (Acc)	0.01%	Equity World	4,678
Invesco Dow Jones Islamic Global Developed Markets UCITS ETF Acc	0.02%	Equity World Islamic Investing	948
Invesco FTSE All-World UCITS ETF Dist	0.02%	Equity World	178
JPMorgan BetaBuilders US Equity UCITS ETF (Acc)	0.02%	Equity United States	72
iShares Edge MSCI USA Value Factor UCITS ETF	0.19%	Equity United States Value	2,240
Xtrackers S&P 500 UCITS ETF 3C CHF hedged	0.02%	Equity United States	61
iShares MSCI USA Screened UCITS ETF USD (Acc)	0.02%	Equity United States Social/Environmental	13,831
Amundi MSCI USA ESG Broad Transition UCITS ETF Acc	0.01%	Equity United States Social/Environmental Climate Change	2,070
Xtrackers MSCI USA ESG UCITS ETF 1D	0.05%	Equity United States Social/Environmental	197
Global X U.S. Infrastructure Development UCITS ETF USD Distributing	0.82%	Equity United States Infrastructure	18
iShares Conservative Portfolio UCITS ETF GBP Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	2
Amundi MSCI World ESG Broad Transition UCITS ETF Acc	0.01%	Equity World Social/Environmental Climate Change	1,225
Franklin MSCI World Catholic Principles UCITS ETF USD Capitalisation	0.03%	Equity World Social/Environmental Catholic principles	143
UBS Core S&P 500 UCITS ETF USD acc	0.02%	Equity United States	972
iShares STOXX World Equity Multifactor UCITS ETF USD (Acc)	0.29%	Equity World Multi-Factor Strategy	629
iShares MSCI World Screened UCITS ETF GBP Hedged (Dist)	0.02%	Equity World Social/Environmental	78
UBS MSCI ACWI Universal UCITS ETF hUSD acc	0.01%	Equity World Social/Environmental	1,180
iShares MSCI USA ESG Enhanced CTB UCITS ETF GBP Hedged (Dist)	0.01%	Equity United States Social/Environmental	523
iShares MSCI USA Screened UCITS ETF EUR Hedged (Acc)	0.02%	Equity United States Social/Environmental	876
Xtrackers MSCI USA UCITS ETF 3C CHF Hedged	0.02%	Equity United States	260
BNP Paribas Easy MSCI USA Min TE UCITS ETF	0.01%	Equity United States Social/Environmental	1,343
Amundi MSCI World Climate Paris Aligned Umweltzeichen UCITS ETF	0.01%	Equity World Social/Environmental Climate Change	98
Invesco FTSE All-World UCITS ETF CHF PfHdg Acc	0.02%	Equity World	13
Xtrackers S&P 500 UCITS ETF 2C - GBP Hedged	0.02%	Equity United States	521
HSBC S&P 500 UCITS ETF CHF Hedged (Acc)	0.02%	Equity United States	5
UBS MSCI USA UCITS ETF USD dis	0.02%	Equity United States	457

Performance

Returns overview

YTD	-32.01%
1 month	-2.10%
3 months	-25.65%
6 months	-4.78%
1 year	-42.71%
3 years	+52.14%
5 years	-
Since inception (MAX)	+128.09%
2024	-6.73%
2023	+132.62%
2022	-22.81%
2021	-

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).