Pan American Silver Corp.

ISIN CA6979001089

WKN 876617

Market cap (in EUR)

16,750 m

Country

Canada

Sector

Non-Energy Materials

Dividend yield

1.38%

Overview

Quote

Description

Pan American Silver Corp. engages in the operation, development, and exploration of silver and gold producing properties and assets. It operates through the Silver and Gold segments. The Silver segment includes La Colorada, Huaron, Morococha, San Vicente, and Manantial Espejo mines. The Gold segment refers to the Dolores, Shahuindo, La Arena, Timmins West, and Bell Creek mines. The company was founded by Ross J. Beaty and John H. Wright on March 7, 1979 and is headquartered in Vancouver, Canada.

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

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Financials

Key metrics

Market capitalisation, EUR	16,750 m
EPS, EUR	2.69
P/B ratio	2.6
P/E ratio	14.4
Dividend yield	1.38%

Income statement (2025)

Revenue, EUR	3,209 m
Net income, EUR	867 m
Profit margin	27.02%

What ETF is Pan American Silver Corp. in?

There are 191 ETFs which contain Pan American Silver Corp.. All of these ETFs are listed in the table below. The ETF with the largest weighting of Pan American Silver Corp. is the Global X Silver Miners UCITS ETF USD Accumulating.

ETF	Weight	Investment focus	Fund size (in m EUR)
iShares MSCI World Sector & Country Neutral Equal Weight UCITS ETF USD (Acc)	0.04%	Equity World Equal Weighted	20
UBS Core MSCI World UCITS ETF USD acc	0.02%	Equity World	9,885
Xtrackers MSCI Canada Screened UCITS ETF 1C	0.84%	Equity Canada Social/Environmental	1,188
JPMorgan Global Research Enhanced Index Equity SRI Paris Aligned Active UCITS ETF USD (dist)	0.04%	Equity World Social/Environmental Climate Change	37
UBS Core MSCI World UCITS ETF hCHF acc	0.02%	Equity World	1,056
iShares FTSE All-World UCITS ETF USD (Acc)	0.02%	Equity World	25
Xtrackers Portfolio UCITS ETF 1C	0.00%	Equity World Multi-Asset Strategy	756
Invesco MSCI World Equal Weight UCITS ETF	0.08%	Equity World Equal Weighted	1,563
JPMorgan Global Research Enhanced Index Equity SRI Paris Aligned Active UCITS ETF USD (acc)	0.04%	Equity World Social/Environmental Climate Change	522
iShares Moderate Portfolio UCITS ETF EUR (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	47
UBS MSCI Canada UCITS ETF CAD acc	0.78%	Equity Canada	652
iShares Core MSCI World UCITS ETF USD (Dist)	0.03%	Equity World	753
Goldman Sachs Alpha Enhanced World Equity Active UCITS ETF CLASS USD (Acc)	0.02%	Equity World Social/Environmental	258
Amundi S&P Global Materials ESG UCITS ETF DR EUR (A)	1.00%	Equity World Basic Materials Social/Environmental	336
iShares World Equity Enhanced Active UCITS ETF EUR Hedged (Acc)	0.02%	Equity World Social/Environmental Multi-Asset Strategy	119
Xtrackers MSCI World ex USA UCITS ETF 1C	0.08%	Equity World	6,026
Franklin S&P World Screened UCITS ETF Acc	0.04%	Equity United States Social/Environmental Climate Change	13
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF CHF Hedged (acc)	0.02%	Equity World Social/Environmental	5
iShares Moderate Portfolio UCITS ETF GBP Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	28
Invesco FTSE All-World UCITS ETF GBP PfHdg Dist	0.02%	Equity World	28
UBS MSCI Canada UCITS ETF hCHF acc	0.78%	Equity Canada	52
BNP Paribas Easy MSCI World ex USA UCITS ETF Acc	0.09%	Equity World	11
BNP Paribas Easy MSCI World UCITS ETF USD Acc	0.03%	Equity World	79
UBS Core MSCI World UCITS ETF USD dis	0.02%	Equity World	1,939
Amundi Prime All Country World UCITS ETF Acc	0.02%	Equity World	2,464
UBS MSCI World UCITS ETF USD dis	0.03%	Equity World	1,450
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (dist)	0.02%	Equity World Social/Environmental	29
UBS MSCI World ex USA UCITS ETF USD acc	0.09%	Equity World	348
Vanguard FTSE Developed World UCITS ETF Acc	0.02%	Equity World	5,694
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF USD (dist)	0.02%	Equity World Social/Environmental	1,738
JPMorgan Global Research Enhanced Index Equity SRI Paris Aligned Active UCITS ETF EUR Hedged (acc)	0.04%	Equity World Social/Environmental Climate Change	17
Amundi FTSE All World GDP-Weighted UCITS ETF Acc	0.02%	Equity World	21
BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF USD Acc	0.09%	Equity World Equal Weighted	25
BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Acc	0.03%	Equity World Social/Environmental	550
Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF 1C	0.06%	Equity World Social/Environmental Climate Change	119
iShares MSCI ACWI UCITS ETF USD (Dist)	0.02%	Equity World	25
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)	0.02%	Equity World	6,606
Xtrackers MSCI AC World Screened UCITS ETF 2C - EUR Hedged	0.02%	Equity World Social/Environmental	80
iShares Dow Jones Global Leaders Screened UCITS ETF USD (Acc)	0.11%	Equity World Social/Environmental	1,819
Vanguard ESG Global All Cap UCITS ETF (USD) Distributing	0.02%	Equity World Social/Environmental	587
State Street SPDR MSCI World UCITS ETF USD Unhedged	0.03%	Equity World	17,313
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Dist)	0.02%	Equity World	175
Scalable MSCI AC World Xtrackers UCITS ETF 1C	0.03%	Equity World	706
Vanguard FTSE Developed World UCITS ETF Distributing	0.02%	Equity World	4,077
Invesco MSCI ACWI Islamic M-Series UCITS ETF Acc	0.05%	Equity World Islamic Investing	91
VanEck Gold Miners UCITS ETF	3.42%	Equity World Basic Materials Gold Mining	2,668
Vanguard FTSE North America UCITS ETF (USD) Accumulating	0.03%	Equity North America	2,755
UBS MSCI Canada UCITS ETF hGBP dis	0.78%	Equity Canada	2
UBS MSCI ACWI Universal UCITS ETF hEUR acc	0.02%	Equity World Social/Environmental	634
Amundi S&P Global Materials ESG UCITS ETF DR EUR (D)	1.00%	Equity World Basic Materials Social/Environmental	10
JPMorgan Global Equity Multi-Factor UCITS ETF USD (dist)	0.08%	Equity World Multi-Factor Strategy	1
iShares MSCI World Paris-Aligned Climate UCITS ETF USD (Acc)	0.01%	Equity World Social/Environmental Climate Change	396
Xtrackers FTSE All-World ex US UCITS ETF 1C	0.05%	Equity World	44
Xtrackers MSCI World ex USA UCITS ETF 1D	0.08%	Equity World	242
State Street SPDR MSCI All Country World UCITS ETF USD Hedged (Acc)	0.03%	Equity World	94
Xtrackers MSCI World UCITS ETF 2C - EUR Hedged	0.02%	Equity World	425
State Street SPDR MSCI World UCITS ETF GBP Hedged (Dist)	0.03%	Equity World	334
Xtrackers MSCI World Screened UCITS ETF 1D	0.03%	Equity World Social/Environmental	135
Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	0.02%	Equity World	56
Xtrackers MSCI World UCITS ETF 1D	0.02%	Equity World	4,760
BNP Paribas Easy MSCI World UCITS ETF EUR Acc	0.03%	Equity World	141
Xtrackers MSCI AC World Screened UCITS ETF 1C	0.02%	Equity World Social/Environmental	6,001
JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF GBP Hedged (acc)	0.02%	Equity World Social/Environmental	581
Invesco FTSE All-World UCITS ETF	0.02%	Equity World	3,662
iShares Conservative Portfolio UCITS ETF USD Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	1
UBS ETF (LU) MSCI Canada UCITS ETF (CAD) A-UKdis	0.78%	Equity Canada	7
Xtrackers MSCI World Climate Transition UCITS ETF 1C	0.04%	Equity World Social/Environmental Climate Change	22
iShares MSCI World Islamic UCITS ETF	0.09%	Equity World Islamic Investing	1,269
iShares MSCI World Screened UCITS ETF USD (Dist)	0.03%	Equity World Social/Environmental	1,052
iShares MSCI World Paris-Aligned Climate UCITS ETF USD (Dist)	0.01%	Equity World Social/Environmental Climate Change	185
UBS MSCI Canada Universal UCITS ETF CAD acc	0.80%	Equity Canada Social/Environmental Climate Change	371
iShares World Equity Enhanced Active UCITS ETF GBP Hedged (Acc)	0.02%	Equity World Social/Environmental Multi-Asset Strategy	55
UBS MSCI ACWI Universal UCITS ETF USD dis	0.02%	Equity World Social/Environmental	2,209
iShares Gold Producers UCITS ETF	2.94%	Equity World Basic Materials Gold Mining	2,923
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF EUR Acc	0.03%	Equity World Social/Environmental	16
HSBC MSCI World UCITS ETF CHF hedged	0.02%	Equity World	77
HSBC MSCI World UCITS ETF EUR Hedged (Acc)	0.02%	Equity World	733
iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD (Acc)	0.14%	Equity World Mid Cap	389
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.02%	Equity World Social/Environmental	73
iShares MSCI World Screened UCITS ETF USD (Acc)	0.03%	Equity World Social/Environmental	5,268
Amundi Core MSCI World UCITS ETF USD Dist	0.03%	Equity World	1,608
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.02%	Equity World Social/Environmental	79
UBS MSCI ACWI Universal UCITS ETF hGBP acc	0.02%	Equity World Social/Environmental	265
iShares MSCI ACWI Screened UCITS ETF USD (Acc)	0.02%	Equity World Social/Environmental	2,810
Amundi MSCI North America ESG Broad Transition UCITS ETF Acc	0.01%	Equity North America Social/Environmental Climate Change	438
L&G Gold Mining UCITS ETF	2.37%	Equity World Basic Materials Gold Mining	619
Amundi Gold Miners UCITS ETF Dist	2.50%	Equity World Basic Materials Gold Mining	621
UBS MSCI ACWI Universal UCITS ETF hJPY acc	0.02%	Equity World Social/Environmental	114
BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc	0.09%	Equity World Equal Weighted	40
Vanguard FTSE North America UCITS ETF (USD) Distributing	0.03%	Equity North America	2,903
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF EUR Hedged (acc)	0.02%	Equity World Social/Environmental	894
BNP Paribas Easy ESG Enhanced World UCITS ETF EUR Hedged Acc	0.00%	Equity World Social/Environmental	107
JPMorgan Global Research Enhanced Index Equity SRI Paris Aligned Active UCITS ETF CHF Hedged (acc)	0.04%	Equity World Social/Environmental Climate Change	2
Amundi MSCI World Ex USA Screened UCITS ETF	0.10%	Equity World Social/Environmental Climate Change	5
JPMorgan Global Research Enhanced Index Equity SRI Paris Aligned Active UCITS ETF EUR (acc)	0.04%	Equity World Social/Environmental Climate Change	301
Xtrackers MSCI World Value ESG UCITS ETF 1C	0.23%	Equity World Value	272
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF USD C	0.03%	Equity World Social/Environmental	61
iShares MSCI World UCITS ETF (Dist)	0.03%	Equity World	8,100
iShares Core MSCI World UCITS ETF EUR Hedged (Dist)	0.03%	Equity World	1,755
Amundi MSCI World ESG Broad Transition UCITS ETF Dist	0.01%	Equity World Social/Environmental Climate Change	309
Amundi Prime Global UCITS ETF Acc	0.02%	Equity World	2,773
iShares Growth Portfolio UCITS ETF GBP Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	27
Vanguard FTSE All-World UCITS ETF (USD) Accumulating	0.02%	Equity World	45,591
HSBC MSCI World UCITS ETF USD (Acc)	0.02%	Equity World	1,925
HSBC MSCI World UCITS ETF USD	0.02%	Equity World	13,595
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Distributing	0.02%	Equity World Multi-Factor Strategy	217
iShares MSCI World ex-USA UCITS ETF USD (Dist)	0.10%	Equity World	0
iShares MSCI World CTB Enhanced ESG UCITS ETF USD (Acc)	0.01%	Equity World Social/Environmental	4,367
UBS MSCI Canada UCITS ETF hGBP acc	0.78%	Equity Canada	244
iShares MSCI North America UCITS ETF	0.03%	Equity North America	1,252
Xtrackers MSCI World UCITS ETF 3C - CHF Hedged	0.02%	Equity World	51
L&G Global Equity UCITS ETF	0.03%	Equity World Social/Environmental	1,513
BNP Paribas Easy ESG Enhanced World UCITS ETF EUR Acc	0.00%	Equity World Social/Environmental	385
Invesco MSCI World Universal Screened UCITS ETF Acc	0.02%	Equity World Social/Environmental	254
UBS MSCI ACWI Universal UCITS ETF hCHF dis	0.02%	Equity World Social/Environmental	64
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	0.02%	Equity World	107
UBS Core MSCI World UCITS ETF hGBP acc	0.02%	Equity World	59
UBS MSCI ACWI Universal UCITS ETF hCHF acc	0.02%	Equity World Social/Environmental	1,383
Global X Silver Miners UCITS ETF USD Accumulating	14.25%	Equity World Basic Materials	1,087
iShares MSCI ACWI UCITS ETF USD (Acc)	0.02%	Equity World	29,882
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.02%	Equity World Social/Environmental	215
Xtrackers MSCI World Momentum ESG UCITS ETF	0.10%	Equity World Momentum	285
iShares MSCI World Materials Sector Advanced UCITS ETF USD (Dist)	0.72%	Equity World Basic Materials Social/Environmental	51
UBS Core MSCI World UCITS ETF hEUR acc	0.02%	Equity World	902
L&G MSCI World Mid Cap UCITS ETF USD Acc	0.18%	Equity World Mid Cap	7
State Street SPDR MSCI All Country World UCITS ETF EUR Hedged (Acc)	0.03%	Equity World	1,622
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR Hedged (acc)	0.02%	Equity World Social/Environmental	28
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	0.02%	Equity World	19
UBS MSCI Canada UCITS ETF hUSD acc	0.78%	Equity Canada	57
iShares Core MSCI World UCITS ETF GBP Hedged (Dist)	0.03%	Equity World	1,158
BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc	0.03%	Equity World Social/Environmental	439
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Accumulating	0.02%	Equity World Multi-Factor Strategy	1,354
Vanguard ESG North America All Cap UCITS ETF (USD) Distributing	0.04%	Equity North America Social/Environmental	27
iShares MSCI World EUR Hedged UCITS ETF (Acc)	0.03%	Equity World	5,226
Amundi Core MSCI World UCITS ETF Acc	0.03%	Equity World	14,217
Invesco Dow Jones Islamic Global Developed Markets UCITS ETF	0.04%	Equity World Islamic Investing	937
State Street SPDR MSCI World Materials UCITS ETF USD	0.79%	Equity World Basic Materials	179
Xtrackers FTSE All-World UCITS ETF 1C	0.02%	Equity World	69
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.02%	Equity World Social/Environmental	5,562
Invesco FTSE All-World UCITS ETF	0.02%	Equity World	270
UBS MSCI World ex USA Climate Paris Aligned UCITS ETF USD acc	0.18%	Equity World Social/Environmental Climate Change	54
UBS Solactive US Listed Gold & Silver Miners UCITS ETF USD acc	8.22%	Equity World Basic Materials Social/Environmental	84
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)	0.08%	Equity World Momentum	4,832
BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Hedged Acc	0.03%	Equity World Social/Environmental	106
iShares Moderate Portfolio UCITS ETF USD Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	7
Xtrackers MSCI World UCITS ETF 2D - GBP Hedged	0.02%	Equity World	436
Amundi Prime Global UCITS ETF Dist	0.02%	Equity World	1,576
iShares Core MSCI World UCITS ETF USD (Acc)	0.03%	Equity World	124,492
Xtrackers MSCI World UCITS ETF 1C	0.02%	Equity World	19,714
Xtrackers MSCI World Materials UCITS ETF 1C	0.68%	Equity World Basic Materials	637
iShares MSCI World GBP Hedged UCITS ETF (Acc)	0.03%	Equity World	540
UBS Climate Aware Global Developed Equity CTB UCITS ETF USD acc	0.02%	Equity World Social/Environmental Climate Change	17
iShares World Equity Enhanced Active UCITS ETF USD (Acc)	0.02%	Equity World Social/Environmental Multi-Asset Strategy	1,742
iShares Growth Portfolio UCITS ETF EUR (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	101
iShares Conservative Portfolio UCITS ETF GBP Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	3
Vanguard ESG North America All Cap UCITS ETF (USD) Accumulating	0.04%	Equity North America Social/Environmental	250
State Street SPDR MSCI World UCITS ETF EUR Hedged (Acc)	0.03%	Equity World	814
Amundi MSCI World ESG Broad Transition UCITS ETF Acc	0.01%	Equity World Social/Environmental Climate Change	1,045
Amundi Core MSCI World UCITS ETF EUR Hedged Acc	0.03%	Equity World	59
Amundi Prime All Country World UCITS ETF Dist	0.02%	Equity World	4,597
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (dist)	0.02%	Equity World Social/Environmental	58
Vanguard FTSE All-World UCITS ETF (USD) Distributing	0.02%	Equity World	22,675
VanEck S&P Global Mining UCITS ETF A	1.10%	Equity World Basic Materials	1,682
Xtrackers World Biodiversity Focus SRI UCITS ETF 1C	0.04%	Equity World Social/Environmental	17
iShares MSCI World Screened UCITS ETF GBP Hedged (Dist)	0.03%	Equity World Social/Environmental	99
UBS MSCI ACWI Universal UCITS ETF hUSD acc	0.02%	Equity World Social/Environmental	1,339
BNP Paribas Easy ESG Enhanced World UCITS ETF USD Acc	0.00%	Equity World Social/Environmental	17
Amundi MSCI North America ESG Broad Transition UCITS ETF Dist	0.01%	Equity North America Social/Environmental Climate Change	40
State Street SPDR MSCI All Country World UCITS ETF USD Unhedged (Acc)	0.03%	Equity World	14,873
iShares Growth Portfolio UCITS ETF USD Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	2
Xtrackers MSCI World Momentum UCITS ETF 1C	0.06%	Equity World Momentum	1,953
UBS MSCI Canada UCITS ETF hEUR acc	0.78%	Equity Canada	157
UBS MSCI Canada UCITS ETF CAD dis	0.78%	Equity Canada	781
HSBC MSCI WORLD ISLAMIC SCREENED UCITS ETF USD (Acc)	0.07%	Equity World Social/Environmental Islamic Investing	111
BNP Paribas Easy MSCI World ex USA UCITS ETF EUR Acc	0.09%	Equity World	2
JPMorgan Global Equity Multi-Factor UCITS ETF USD (acc)	0.08%	Equity World Multi-Factor Strategy	244
UBS MSCI World ex Mega Cap UCITS ETF USD acc	0.05%	Equity World	6
Amundi MSCI World Ex USA UCITS ETF Dist	0.09%	Equity World	127
Amundi MSCI World ESG Broad Transition UCITS ETF EUR Hedged (Acc)	0.01%	Equity World Social/Environmental Climate Change	2
Invesco FTSE All-World UCITS ETF CHF PfHdg Acc	0.02%	Equity World	63
iShares MSCI World CTB Enhanced ESG UCITS ETF EUR Hedged (Acc)	0.01%	Equity World Social/Environmental	269
iShares MSCI World CTB Enhanced ESG UCITS ETF USD (Dist)	0.01%	Equity World Social/Environmental	595
Xtrackers MSCI World IMI UCITS ETF 1C Capitalisation	0.02%	Equity World	12
Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	0.02%	Equity World Social/Environmental	970
Amundi MSCI World Screened UCITS ETF Acc	0.03%	Equity World Social/Environmental	1,583
HSBC MSCI Canada UCITS ETF USD	0.80%	Equity Canada	360
iShares MSCI Canada UCITS ETF (Acc)	0.79%	Equity Canada	2,142
iShares MSCI World ex-USA UCITS ETF USD (Acc)	0.10%	Equity World	2,974
Amundi MSCI World Ex USA UCITS ETF Acc	0.09%	Equity World	634

Performance

Returns overview

YTD	-17.43%
1 month	-2.77%
3 months	-20.26%
6 months	-30.45%
1 year	+52.03%
3 years	+164.58%
5 years	+68.81%
Since inception (MAX)	+342.63%
2025	+148.08%
2024	+24.19%
2023	-8.14%
2022	-21.19%

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).