Lynas Rare Earths

ISIN AU000000LYC6

WKN 871899

Market cap (in EUR)

11,178 m

Country

Australia

Sector

Non-Energy Materials

Dividend yield

0.00%

Overview

Quote

Description

Lynas Rare Earths Ltd. engages in the production of rare earth minerals. It focuses on the exploration, development, mining, and processing of rare earth deposits. The company was founded by Nicholas Anthony Curtis on May 23, 1983 and is headquartered in Perth, Australia.

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Non-Energy Materials Mining and Mineral Products Metal Ore Mining Australia

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Financials

Key metrics

Market capitalisation, EUR	11,178 m
EPS, EUR	-
P/B ratio	5.4
P/E ratio	215.9
Dividend yield	0.00%

Income statement (2025)

Revenue, EUR	332 m
Net income, EUR	5 m
Profit margin	1.44%

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Capital at risk

What ETF is Lynas Rare Earths in?

There are 188 ETFs which contain Lynas Rare Earths. All of these ETFs are listed in the table below. The ETF with the largest weighting of Lynas Rare Earths is the VanEck Rare Earth and Strategic Metals UCITS ETF A.

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	20
UBS Core MSCI World UCITS ETF USD acc	0.01%	Equity World	9,023
UBS Core MSCI World UCITS ETF hCHF acc	0.01%	Equity World	965
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	0.28%	Equity Asia Pacific	1,855
Invesco MSCI World Equal Weight UCITS ETF Acc	0.11%	Equity World Equal Weighted	1,281
iShares Core MSCI World UCITS ETF USD (Dist)	0.01%	Equity World	736
Amundi S&P Global Materials ESG UCITS ETF DR EUR (A)	0.45%	Equity World Basic Materials Social/Environmental	314
Xtrackers MSCI World ex USA UCITS ETF 1C	0.05%	Equity World	5,537
Franklin S&P World Screened UCITS ETF Acc	0.01%	Equity United States Social/Environmental Climate Change	12
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF CHF Hedged (acc)	0.01%	Equity World Social/Environmental	4
UBS MSCI Australia UCITS ETF hCHF acc	0.87%	Equity Australia	38
UBS Factor MSCI World Selection Minimum Volatility UCITS ETF USD acc	0.06%	Equity World Low Volatility/Risk Weighted	240
Invesco FTSE All-World UCITS ETF GBP PfHdg Dist	0.01%	Equity World	23
Fidelity Pacific ex-Japan Equity Research Enhanced UCITS ETF ACC-USD	0.45%	Equity Asia Pacific Social/Environmental	395
Jupiter Origin Global Smaller Companies Active UCITS ETF (Acc)	0.52%	Equity World Small Cap	17
BNP Paribas Easy MSCI World UCITS ETF USD Acc	0.02%	Equity World	77
UBS Core MSCI World UCITS ETF USD dis	0.01%	Equity World	1,837
Amundi Prime All Country World UCITS ETF Acc	0.01%	Equity World	1,890
UBS MSCI World UCITS ETF USD dis	0.01%	Equity World	1,418
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (dist)	0.01%	Equity World Social/Environmental	27
UBS MSCI World ex USA UCITS ETF USD acc	0.06%	Equity World	139
Vanguard FTSE Developed World UCITS ETF Acc	0.01%	Equity World	5,373
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF USD (dist)	0.01%	Equity World Social/Environmental	1,635
L&G Asia Pacific ex Japan Equity UCITS ETF	0.53%	Equity Asia Pacific Social/Environmental	647
BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF USD Acc	0.13%	Equity World Equal Weighted	23
Vanguard LifeStrategy 40% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	41
BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Acc	0.02%	Equity World Social/Environmental	499
iShares MSCI ACWI UCITS ETF USD (Dist)	0.01%	Equity World	11
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)	0.01%	Equity World	5,589
Xtrackers MSCI AC World Screened UCITS ETF 2C - EUR Hedged	0.02%	Equity World Social/Environmental	87
JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.07%	Equity Asia Pacific Social/Environmental	175
Amundi MSCI World Catholic Principles UCITS ETF Acc	0.02%	Equity World Social/Environmental Catholic principles	102
Vanguard ESG Global All Cap UCITS ETF (USD) Distributing	0.02%	Equity World Social/Environmental	534
Amundi MSCI World ESG Selection UCITS ETF EUR Hedged Acc	0.03%	Equity World Social/Environmental	88
State Street SPDR MSCI World UCITS ETF USD Unhedged	0.01%	Equity World	16,166
VanEck Rare Earth and Strategic Metals UCITS ETF A	7.86%	Equity World Basic Materials	1,236
Amundi MSCI Pacific Ex Japan UCITS ETF Dist	0.58%	Equity Asia Pacific	244
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Dist)	0.01%	Equity World	128
Scalable MSCI AC World Xtrackers UCITS ETF 1C	0.01%	Equity World	622
iShares World Equity Factor Rotation Active UCITS ETF USD (Acc)	0.10%	Equity World Multi-Factor Strategy	217
Vanguard FTSE Developed World UCITS ETF Distributing	0.01%	Equity World	3,962
WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Unhedged Acc	4.12%	Equity World Basic Materials Social/Environmental	895
Amundi MSCI Pacific Ex Japan SRI Climate Paris Aligned UCITS ETF DR - EUR (C)	2.16%	Equity Asia Pacific Social/Environmental	226
KraneShares Global Humanoid and Embodied Intelligence UCITS ETF (Acc)	3.19%	Equity World Robotics & Automation	66
Amundi MSCI Pacific ESG Broad Transition UCITS ETF Dist	0.59%	Equity Asia Pacific Social/Environmental Climate Change	171
Amundi MSCI World ESG Selection UCITS ETF Acc	0.03%	Equity World Social/Environmental	1,756
Amundi MSCI Pacific Ex Japan SRI Climate Paris Aligned UCITS ETF DR - USD (C)	2.16%	Equity Asia Pacific Social/Environmental	22
UBS MSCI ACWI Universal UCITS ETF hEUR acc	0.01%	Equity World Social/Environmental	653
Amundi S&P Global Materials ESG UCITS ETF DR EUR (D)	0.45%	Equity World Basic Materials Social/Environmental	11
Vanguard LifeStrategy 20% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	16
iShares Core MSCI Pacific ex Japan UCITS ETF (Acc)	0.55%	Equity Asia Pacific	3,122
Xtrackers MSCI World ex USA UCITS ETF 1D	0.05%	Equity World	222
State Street SPDR MSCI All Country World UCITS ETF USD Hedged (Acc)	0.01%	Equity World	91
UBS MSCI Pacific ex Japan IMI Socially Responsible UCITS ETF USD acc	1.02%	Equity Asia Pacific Social/Environmental Climate Change	1
Invesco MSCI Pacific Ex Japan Universal Screened UCITS ETF Acc	0.30%	Equity Asia Pacific Social/Environmental	66
Amundi MSCI World Momentum Advanced UCITS ETF Acc	0.16%	Equity World Momentum Climate Change	515
State Street SPDR MSCI World UCITS ETF GBP Hedged (Dist)	0.01%	Equity World	297
Xtrackers MSCI World Screened UCITS ETF 1D	0.02%	Equity World Social/Environmental	135
Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	0.01%	Equity World	51
Xtrackers MSCI Pacific ex Japan UCITS ETF 1D	3.09%	Equity Asia Pacific	472
BNP Paribas Easy MSCI World UCITS ETF EUR Acc	0.02%	Equity World	145
Xtrackers MSCI AC World Screened UCITS ETF 1C	0.02%	Equity World Social/Environmental	5,729
JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF GBP Hedged (acc)	0.01%	Equity World Social/Environmental	546
Invesco FTSE All-World UCITS ETF Acc	0.01%	Equity World	3,226
UBS MSCI World Selection UCITS ETF hEUR acc	0.03%	Equity World Social/Environmental	43
UBS MSCI Australia UCITS ETF hUSD acc	0.87%	Equity Australia	39
Xtrackers MSCI World Climate Transition UCITS ETF 1C	0.04%	Equity World Social/Environmental Climate Change	21
JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	0.07%	Equity Asia Pacific Social/Environmental	1
iShares MSCI World Islamic UCITS ETF	0.05%	Equity World Islamic Investing	1,174
iShares MSCI Australia UCITS ETF	0.88%	Equity Australia	485
iShares MSCI World Screened UCITS ETF USD (Dist)	0.02%	Equity World Social/Environmental	1,119
Global X Disruptive Materials UCITS ETF USD Accumulating	4.24%	Equity World Basic Materials	40
UBS MSCI ACWI Universal UCITS ETF USD dis	0.01%	Equity World Social/Environmental	2,236
WisdomTree Megatrends UCITS ETF USD	0.33%	Equity World Social/Environmental Innovation	56
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF EUR Acc	0.02%	Equity World Social/Environmental	16
HSBC MSCI World UCITS ETF CHF hedged	0.01%	Equity World	67
HSBC MSCI World UCITS ETF EUR Hedged (Acc)	0.01%	Equity World	713
iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD (Acc)	0.19%	Equity World Mid Cap	391
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.01%	Equity World Social/Environmental	2
UBS MSCI Australia UCITS ETF hEUR acc	0.87%	Equity Australia	35
iShares MSCI World Screened UCITS ETF USD (Acc)	0.02%	Equity World Social/Environmental	5,112
Amundi Core MSCI World UCITS ETF USD Dist	0.01%	Equity World	1,526
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.01%	Equity World Social/Environmental	71
Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Distributing	0.14%	Equity Asia Pacific Social/Environmental	46
UBS MSCI ACWI Universal UCITS ETF hGBP acc	0.01%	Equity World Social/Environmental	271
Vanguard LifeStrategy 40% Equity UCITS ETF Accumulating	0.00%	Equity World Multi-Asset Strategy	225
iShares MSCI ACWI Screened UCITS ETF USD (Acc)	0.02%	Equity World Social/Environmental	2,624
First Trust Indxx Future Economy Metals UCITS ETF Class A USD ACC	2.19%	Equity World Basic Materials	5
HSBC MSCI Pacific ex Japan UCITS ETF USD (Acc)	0.55%	Equity Asia Pacific	452
UBS MSCI ACWI Universal UCITS ETF hJPY acc	0.01%	Equity World Social/Environmental	110
BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc	0.13%	Equity World Equal Weighted	36
Amundi MSCI Pacific Ex Japan SRI Climate Paris Aligned UCITS ETF DR - GBP (D)	2.16%	Equity Asia Pacific Social/Environmental	6
BNP Paribas Easy ESG Enhanced World UCITS ETF EUR Hedged Acc	0.07%	Equity World Social/Environmental	104
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF EUR Hedged (acc)	0.01%	Equity World Social/Environmental	891
UBS MSCI World Selection UCITS ETF USD acc	0.03%	Equity World Social/Environmental	698
Amundi MSCI World Ex USA Screened UCITS ETF Acc	0.06%	Equity World Social/Environmental Climate Change	4
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF USD C	0.02%	Equity World Social/Environmental	59
iShares MSCI World UCITS ETF (Dist)	0.01%	Equity World	7,937
Vanguard LifeStrategy 80% Equity UCITS ETF (EUR) Accumulating	0.00%	Equity World Multi-Asset Strategy	1,104
Amundi MSCI World ESG Broad Transition UCITS ETF Dist	0.05%	Equity World Social/Environmental Climate Change	178
iShares Core MSCI World UCITS ETF EUR Hedged (Dist)	0.01%	Equity World	1,727
Amundi Prime Global UCITS ETF Acc	0.01%	Equity World	1,992
Vanguard FTSE All-World UCITS ETF (USD) Accumulating	0.01%	Equity World	40,344
HSBC MSCI World UCITS ETF USD (Acc)	0.01%	Equity World	1,837
HSBC MSCI World UCITS ETF USD	0.01%	Equity World	13,130
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Distributing	0.01%	Equity World Multi-Factor Strategy	202
iShares MSCI World ESG Enhanced CTB UCITS ETF USD (Acc)	0.08%	Equity World Social/Environmental	4,159
BNP Paribas Easy MSCI Pacific ex Japan Min TE UCITS ETF	0.58%	Equity Asia Pacific Social/Environmental	283
UBS MSCI Australia UCITS ETF hGBP acc	0.87%	Equity Australia	4
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating	0.28%	Equity Asia Pacific	936
BNP Paribas Easy ESG Enhanced World UCITS ETF EUR Acc	0.07%	Equity World Social/Environmental	393
L&G Global Equity UCITS ETF	0.02%	Equity World Social/Environmental	1,301
Invesco MSCI World Universal Screened UCITS ETF Acc	0.01%	Equity World Social/Environmental	244
Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Accumulating	0.14%	Equity Asia Pacific Social/Environmental	271
UBS MSCI ACWI Universal UCITS ETF hCHF dis	0.01%	Equity World Social/Environmental	66
iShares MSCI Pacific ex-Japan ESG Enhanced CTB UCITS ETF USD (Acc)	2.89%	Equity Asia Pacific Social/Environmental	99
Xtrackers MSCI AC World Screened UCITS ETF 5C - USD Hedged	0.02%	Equity World Social/Environmental	1
UBS Core MSCI World UCITS ETF hGBP dis	0.01%	Equity World	103
UBS Core MSCI World UCITS ETF hGBP acc	0.01%	Equity World	54
UBS MSCI ACWI Universal UCITS ETF hCHF acc	0.01%	Equity World Social/Environmental	1,415
iShares Essential Metals Producers UCITS ETF USD (Acc)	2.33%	Equity World Basic Materials Clean Energy	833
iShares MSCI ACWI UCITS ETF USD (Acc)	0.01%	Equity World	28,319
Vanguard LifeStrategy 80% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	81
UBS MSCI Pacific ex Japan IMI Socially Responsible UCITS ETF hEUR acc	1.02%	Equity Asia Pacific Social/Environmental Climate Change	1
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.01%	Equity World Social/Environmental	215
iShares MSCI World Materials Sector Advanced UCITS ETF USD (Dist)	0.36%	Equity World Basic Materials Social/Environmental	48
UBS Core MSCI World UCITS ETF hEUR acc	0.01%	Equity World	796
L&G MSCI World Mid Cap UCITS ETF USD Acc	0.09%	Equity World Mid Cap	7
UBS MSCI World Selection UCITS ETF hEUR dis	0.03%	Equity World Social/Environmental	307
State Street SPDR MSCI All Country World UCITS ETF EUR Hedged (Acc)	0.01%	Equity World	1,537
UBS MSCI World Selection UCITS ETF hCHF acc	0.03%	Equity World Social/Environmental	285
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR Hedged (acc)	0.01%	Equity World Social/Environmental	25
Franklin FTSE Developed World UCITS ETF USD Capitalisation	0.02%	Equity World	18
Fidelity Global Equity Research Enhanced UCITS ETF ACC-USD	0.06%	Equity World Social/Environmental	234
iShares Core MSCI World UCITS ETF GBP Hedged (Dist)	0.01%	Equity World	1,135
BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc	0.02%	Equity World Social/Environmental	437
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Accumulating	0.01%	Equity World Multi-Factor Strategy	1,215
Amundi Core MSCI World UCITS ETF Acc	0.01%	Equity World	13,446
iShares MSCI World EUR Hedged UCITS ETF (Acc)	0.01%	Equity World	5,178
Invesco Dow Jones Islamic Global Developed Markets UCITS ETF Acc	0.02%	Equity World Islamic Investing	946
State Street SPDR MSCI World Materials UCITS ETF USD	0.41%	Equity World Basic Materials	160
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.01%	Equity World Social/Environmental	5,434
Invesco FTSE All-World UCITS ETF Dist	0.01%	Equity World	247
Vanguard LifeStrategy 20% Equity UCITS ETF Accumulating	0.00%	Equity World Multi-Asset Strategy	98
UBS MSCI World ex USA Climate Paris Aligned UCITS ETF USD acc	0.08%	Equity World Social/Environmental Climate Change	51
iShares MSCI Pacific ex-Japan UCITS ETF (Dist)	0.54%	Equity Asia Pacific	150
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)	0.05%	Equity World Momentum	4,410
Vanguard LifeStrategy 60% Equity UCITS ETF Accumulating	0.00%	Equity World Multi-Asset Strategy	850
BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Hedged Acc	0.02%	Equity World Social/Environmental	105
Amundi Prime Global UCITS ETF Dist	0.01%	Equity World	1,518
iShares Core MSCI World UCITS ETF USD (Acc)	0.01%	Equity World	120,187
Global X Disruptive Materials UCITS ETF Distributing	4.24%	Equity World Basic Materials	0
Xtrackers MSCI World Materials UCITS ETF 1C	0.43%	Equity World Basic Materials	632
Amundi MSCI Pacific Ex Japan SRI Climate Paris Aligned UCITS ETF DR - EUR (D)	2.16%	Equity Asia Pacific Social/Environmental	46
iShares MSCI World GBP Hedged UCITS ETF (Acc)	0.01%	Equity World	527
UBS MSCI Pacific ex Japan UCITS ETF USD dis	0.55%	Equity Asia Pacific	80
UBS MSCI Australia UCITS ETF AUD dis	0.87%	Equity Australia	87
Xtrackers S&P/ASX 200 UCITS ETF 1D	0.71%	Equity Australia	61
Amundi MSCI World ESG Broad Transition UCITS ETF Acc	0.05%	Equity World Social/Environmental Climate Change	968
State Street SPDR MSCI World UCITS ETF EUR Hedged (Acc)	0.01%	Equity World	760
Franklin MSCI World Catholic Principles UCITS ETF USD Capitalisation	0.02%	Equity World Social/Environmental Catholic principles	157
Amundi Core MSCI World UCITS ETF EUR Hedged Acc	0.01%	Equity World	63
Amundi Prime All Country World UCITS ETF Dist	0.01%	Equity World	4,218
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (dist)	0.01%	Equity World Social/Environmental	57
Vanguard FTSE All-World UCITS ETF (USD) Distributing	0.01%	Equity World	21,837
VanEck S&P Global Mining UCITS ETF A	0.59%	Equity World Basic Materials	1,573
iShares MSCI World Screened UCITS ETF GBP Hedged (Dist)	0.02%	Equity World Social/Environmental	97
UBS MSCI ACWI Universal UCITS ETF hUSD acc	0.01%	Equity World Social/Environmental	1,257
BNP Paribas Easy ESG Enhanced World UCITS ETF USD Acc	0.07%	Equity World Social/Environmental	15
HSBC MSCI Pacific ex Japan UCITS ETF USD	0.55%	Equity Asia Pacific	674
State Street SPDR MSCI All Country World UCITS ETF USD Unhedged (Acc)	0.01%	Equity World	13,173
Xtrackers MSCI World Momentum UCITS ETF 1C	0.05%	Equity World Momentum	1,851
Fidelity Global Equity Research Enhanced PAB UCITS ETF USD (Acc)	0.16%	Equity World Social/Environmental Climate Change	606
Xtrackers MSCI Pacific ex Japan UCITS ETF 1C	3.09%	Equity Asia Pacific	608
UBS MSCI Pacific ex Japan UCITS ETF USD acc	0.55%	Equity Asia Pacific	19
UBS MSCI Australia Universal UCITS ETF AUD acc	1.02%	Equity Australia Social/Environmental Climate Change	49
UBS MSCI World ex Mega Cap UCITS ETF USD acc	0.03%	Equity World	8
Amundi MSCI World Ex USA UCITS ETF Dist	0.05%	Equity World	120
Amundi MSCI World ESG Broad Transition UCITS ETF EUR Hedged (Acc)	0.05%	Equity World Social/Environmental Climate Change	3
iShares MSCI World ESG Enhanced CTB UCITS ETF EUR Hedged (Acc)	0.08%	Equity World Social/Environmental	253
iShares MSCI World ESG Enhanced CTB UCITS ETF USD (Dist)	0.08%	Equity World Social/Environmental	768
Invesco FTSE All-World UCITS ETF CHF PfHdg Acc	0.01%	Equity World	57
UBS MSCI Australia UCITS ETF AUD acc	0.87%	Equity Australia	239
Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	0.02%	Equity World Social/Environmental	931
Amundi MSCI World Screened UCITS ETF Acc	0.02%	Equity World Social/Environmental	1,499
iShares MSCI World ex-USA UCITS ETF USD (Acc)	0.06%	Equity World	2,859
Amundi MSCI World Ex USA UCITS ETF Acc	0.05%	Equity World	632
Vanguard LifeStrategy 60% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	109

Performance

Returns overview

YTD	+37.22%
1 month	-16.36%
3 months	-11.44%
6 months	+35.06%
1 year	+89.62%
3 years	+109.00%
5 years	+185.38%
Since inception (MAX)	+887.36%
2025	+96.86%
2024	-16.09%
2023	-13.47%
2022	-20.80%

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).