China Construction Bank Corp.

ISIN CNE1000002H1

WKN A0M4XF

Market cap (in EUR)

262,894 m

Country

China

Sector

Finance

Dividend yield

4.95%

Overview

Quote

Description

China Construction Bank Corp. engages in the provision of corporate and personal banking services. It operates through the following business segments: Corporate Banking, Personal Banking, Treasury Business, and Others. The Corporate Banking segment provides a range of financial products and services to corporations, government agencies, and financial institutions, which comprises of corporate loans, trade financing, deposit taking, and wealth management services, agency services, financial consulting, and advisory services, cash management services, remittance and settlement services, custody services, and guarantee services. The Personal Banking segment includes personal loans, deposit taking and wealth management services, card business, remittance services, and agency services to individual customers. The Treasury segment represents inter-bank money market transactions, repurchase and resale transactions, investments in debt securities, and trade of derivatives and foreign currency. The Others segment refers to the equity investments and revenues, results, assets and liabilities of overseas branches and subsidiaries. The company was founded in October 1954 and is headquartered in Beijing, China.

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Financials

Key metrics

Market capitalisation, EUR	262,894 m
EPS, EUR	0.16
P/B ratio	0.6
P/E ratio	6.0
Dividend yield	4.95%

Income statement (2025)

Revenue, EUR	167,220 m
Net income, EUR	41,793 m
Profit margin	24.99%

What ETF is China Construction Bank Corp. in?

There are 172 ETFs which contain China Construction Bank Corp.. All of these ETFs are listed in the table below. The ETF with the largest weighting of China Construction Bank Corp. is the iShares China Large Cap UCITS ETF.

ETF	Weight	Investment focus	Fund size (in m EUR)
HSBC MSCI AC Far East ex Japan UCITS ETF USD (Dist)	0.92%	Equity Asia Pacific	30
iShares MSCI AC Far East ex-Japan UCITS ETF	0.92%	Equity Asia Pacific	1,621
iShares FTSE All-World UCITS ETF USD (Acc)	0.09%	Equity World	26
Amundi MSCI China ESG Selection Extra UCITS ETF Dist	7.87%	Equity China Social/Environmental	95
State Street SPDR MSCI EM Asia UCITS ETF USD	0.87%	Equity Asia Pacific	1,348
iShares MSCI EM UCITS ETF (Dist)	0.72%	Equity Emerging Markets	8,627
Xtrackers Portfolio UCITS ETF 1C	0.08%	Equity World Multi-Asset Strategy	763
iShares Moderate Portfolio UCITS ETF EUR (Acc)	0.09%	Equity World Social/Environmental Multi-Asset Strategy	48
iShares MSCI EM SRI UCITS ETF USD (Dist)	2.44%	Equity Emerging Markets Social/Environmental	476
JPMorgan Global Emerging Markets Research Enhanced Index Equity SRI Paris Aligned Active UCITS ETF EUR (acc)	1.04%	Equity Emerging Markets Social/Environmental Climate Change	33
Amundi MSCI China ESG Selection Extra UCITS ETF Acc	7.87%	Equity China Social/Environmental	447
Invesco RAFI All-World Fundamental Value UCITS ETF	0.20%	Equity World Value	272
iShares Asia ex Japan Equity Enhanced Active UCITS ETF USD (Acc)	1.06%	Equity Asia Pacific Social/Environmental Multi-Asset Strategy	90
Franklin FTSE China UCITS ETF	3.52%	Equity China	1,537
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF CHF Hedged (acc)	0.13%	Equity World Social/Environmental	5
HSBC MSCI Emerging Markets UCITS ETF USD	0.73%	Equity Emerging Markets	3,553
iShares Moderate Portfolio UCITS ETF GBP Hedged (Acc)	0.09%	Equity World Social/Environmental Multi-Asset Strategy	29
iShares Core MSCI Emerging Markets IMI UCITS ETF	0.65%	Equity Emerging Markets	1,565
Invesco FTSE All-World UCITS ETF GBP PfHdg Dist	0.13%	Equity World	27
iShares MSCI EM UCITS ETF (Acc)	0.72%	Equity Emerging Markets	8,507
Xtrackers MSCI Emerging Markets UCITS ETF 1C	0.72%	Equity Emerging Markets	11,436
Amundi Prime All Country World UCITS ETF Acc	0.10%	Equity World	2,645
Amundi FTSE All World GDP-Weighted UCITS ETF Acc	0.59%	Equity World	23
Xtrackers MSCI China UCITS ETF 1D	3.77%	Equity China	791
HSBC Multi-Factor Worldwide Equity UCITS ETF USD	0.37%	Equity World Multi-Factor Strategy	1,016
CT QR Series Global Equity Active UCITS ETF USD Dist	0.11%	Equity World Fundamental/Quality	4
Vanguard LifeStrategy 40% Equity UCITS ETF Distributing	0.02%	Equity World Multi-Asset Strategy	45
Goldman Sachs Alpha Enhanced Emerging Markets Equity Active UCITS ETF USD (Dist)	1.07%	Equity Emerging Markets Social/Environmental	0
iShares MSCI ACWI UCITS ETF USD (Dist)	0.09%	Equity World	23
UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-UKdis	0.81%	Equity Emerging Markets	106
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)	0.12%	Equity World	7,021
Xtrackers MSCI AC World Screened UCITS ETF 2C - EUR Hedged	0.10%	Equity World Social/Environmental	85
JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.93%	Equity Asia Pacific Social/Environmental	178
Vanguard ESG Global All Cap UCITS ETF (USD) Distributing	0.10%	Equity World Social/Environmental	608
Invesco MSCI China All Shares Stock Connect UCITS ETF	2.36%	Equity China	93
HSBC Emerging Market Screened Equity UCITS ETF USD	1.19%	Equity Emerging Markets Social/Environmental Climate Change	168
iShares MSCI EM IMI Screened UCITS ETF USD (Dist)	0.66%	Equity Emerging Markets Social/Environmental	1,197
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Dist)	0.12%	Equity World	204
Xtrackers MSCI China UCITS ETF 1C	3.77%	Equity China	994
Scalable MSCI AC World Xtrackers UCITS ETF 1C	0.11%	Equity World	738
iShares BIC 50 UCITS ETF USD (Dist)	5.22%	Equity Emerging Markets	103
UBS MSCI ACWI Universal UCITS ETF hEUR acc	0.13%	Equity World Social/Environmental	609
Invesco FTSE EM High Dividend Low Volatility UCITS ETF	0.43%	Equity Emerging Markets Dividend	246
Vanguard LifeStrategy 20% Equity UCITS ETF Distributing	0.02%	Equity World Multi-Asset Strategy	15
JPMorgan Global Emerging Markets Research Enhanced Index Equity SRI Paris Aligned Active UCITS ETF USD (dist)	1.04%	Equity Emerging Markets Social/Environmental Climate Change	8
UBS Core MSCI EM UCITS ETF USD dis	0.81%	Equity Emerging Markets	2,693
Xtrackers FTSE All-World ex US UCITS ETF 1C	0.24%	Equity World	46
State Street SPDR MSCI All Country World UCITS ETF USD Hedged (Acc)	0.10%	Equity World	96
Amundi MSCI China ESG Selection UCITS ETF Acc	5.36%	Equity China Social/Environmental	217
Franklin FTSE Emerging Markets UCITS ETF Dist	0.93%	Equity Emerging Markets	3
State Street SPDR MSCI Emerging Markets UCITS ETF USD	0.74%	Equity Emerging Markets	1,867
Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	0.13%	Equity World	60
Xtrackers MSCI AC World Screened UCITS ETF 1C	0.10%	Equity World Social/Environmental	6,255
Fidelity Emerging Markets Equity Research Enhanced UCITS ETF ACC-USD	1.35%	Equity Emerging Markets Social/Environmental	2,838
JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.95%	Equity Emerging Markets Social/Environmental	1,925
iShares MSCI ACWI SRI UCITS ETF USD (Acc)	0.36%	Equity World Social/Environmental	99
Invesco FTSE All-World UCITS ETF	0.13%	Equity World	3,879
iShares Conservative Portfolio UCITS ETF USD Hedged (Acc)	0.03%	Equity World Social/Environmental Multi-Asset Strategy	1
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)	0.65%	Equity Emerging Markets	36,777
JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	0.93%	Equity Asia Pacific Social/Environmental	1
iShares MSCI China UCITS ETF USD (Acc)	3.57%	Equity China	2,339
Franklin EM Multi-Factor Equity UCITS ETF	0.89%	Equity Emerging Markets Multi-Factor Strategy	77
UBS MSCI ACWI Universal UCITS ETF USD dis	0.13%	Equity World Social/Environmental	2,258
State Street Climate Transition Emerging Markets Enhanced Equity Fund UCITS ETF	0.56%	Equity Emerging Markets Social/Environmental Climate Change	1
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF EUR Acc	0.11%	Equity World Social/Environmental	17
Amundi Core MSCI Emerging Markets UCITS ETF Acc	0.83%	Equity Emerging Markets	4,063
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.13%	Equity World Social/Environmental	75
Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF	0.74%	Equity Emerging Markets Social/Environmental Climate Change	15
UBS MSCI ACWI Universal UCITS ETF hGBP acc	0.13%	Equity World Social/Environmental	367
Vanguard LifeStrategy 40% Equity UCITS ETF Accumulating	0.02%	Equity World Multi-Asset Strategy	242
iShares MSCI ACWI Screened UCITS ETF USD (Acc)	0.10%	Equity World Social/Environmental	2,919
iShares China Large Cap UCITS ETF	8.24%	Equity China	757
iShares MSCI EM IMI Screened UCITS ETF USD (Acc)	0.66%	Equity Emerging Markets Social/Environmental	5,611
Vanguard FTSE All-World High Dividend Yield UCITS ETF Distributing	0.22%	Equity World Dividend	9,605
iShares Emerging Markets Equity Enhanced Active UCITS ETF (Dist)	0.97%	Equity Emerging Markets Social/Environmental Multi-Asset Strategy	61
iShares MSCI EM CTB Enhanced ESG UCITS ETF USD (Dist)	0.94%	Equity Emerging Markets Social/Environmental	1,023
HSBC PLUS Emerging Markets Equity Quant Active UCITS ETF USD Acc	0.55%	Equity Emerging Markets Multi-Factor Strategy	130
UBS MSCI ACWI Universal UCITS ETF hJPY acc	0.13%	Equity World Social/Environmental	120
iShares MSCI EM CTB Enhanced ESG UCITS ETF USD (Acc)	0.94%	Equity Emerging Markets Social/Environmental	7,722
Invesco Emerging Markets Enhanced Equity UCITS ETF Acc	0.91%	Equity Emerging Markets Multi-Factor Strategy	118
iShares MSCI AC Far East ex-Japan UCITS ETF USD (Acc)	0.92%	Equity Asia Pacific	95
Amundi Core MSCI Emerging Markets UCITS ETF EUR Dist	0.83%	Equity Emerging Markets	1,087
Invesco MSCI Emerging Markets Universal Screened UCITS ETF Acc	1.42%	Equity Emerging Markets Social/Environmental	100
Goldman Sachs Alpha Enhanced Emerging Markets Equity Active UCITS ETF USD (Acc)	1.07%	Equity Emerging Markets Social/Environmental	359
Xtrackers Portfolio Income UCITS ETF 1D	0.12%	Equity World Multi-Asset Strategy	59
iShares MSCI EM SRI UCITS ETF	2.44%	Equity Emerging Markets Social/Environmental	2,788
HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF USD	1.14%	Equity Asia Pacific Social/Environmental Climate Change	496
Franklin FTSE Emerging Markets UCITS ETF (Acc)	0.93%	Equity Emerging Markets	9
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF USD C	0.11%	Equity World Social/Environmental	62
Vanguard LifeStrategy 80% Equity UCITS ETF Accumulating	0.02%	Equity World Multi-Asset Strategy	1,226
State Street Emerging Markets Screened Enhanced Equity Fund UCITS ETF	0.78%	Equity Emerging Markets Social/Environmental	86
JPMorgan Global Emerging Markets Research Enhanced Index Equity SRI Paris Aligned Active UCITS ETF USD (acc)	1.04%	Equity Emerging Markets Social/Environmental Climate Change	211
HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF USD (Dist)	1.14%	Equity Asia Pacific Social/Environmental Climate Change	73
HSBC MSCI China UCITS ETF USD	3.58%	Equity China	853
iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc)	2.45%	Equity Emerging Markets Value	1,379
Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Distributing	0.96%	Equity Emerging Markets Social/Environmental	19
KraneShares ICBCCS China S&P 500 UCITS ETF	1.77%	Equity China	67
iShares MSCI EM Asia UCITS ETF (Acc)	0.87%	Equity Asia Pacific	7,042
iShares Growth Portfolio UCITS ETF GBP Hedged (Acc)	0.17%	Equity World Social/Environmental Multi-Asset Strategy	28
Vanguard FTSE All-World UCITS ETF (USD) Accumulating	0.09%	Equity World	48,290
Amundi MSCI Emerging Markets ESG Selection UCITS ETF Acc	1.71%	Equity Emerging Markets Social/Environmental	964
HSBC MSCI AC Far East ex Japan UCITS ETF USD	0.92%	Equity Asia Pacific	387
Fidelity Emerging Markets Quality Income UCITS ETF ACC-USD	1.21%	Equity Emerging Markets Dividend	38
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Distributing	0.21%	Equity World Multi-Factor Strategy	226
Amundi MSCI EM Asia ESG Broad Transition UCITS ETF Acc	1.34%	Equity Asia Pacific Social/Environmental Climate Change	656
CT QR Series Global Equity Active UCITS ETF USD Acc	0.11%	Equity World Fundamental/Quality	84
Vanguard FTSE All-World High Dividend Yield UCITS ETF Acc	0.22%	Equity World Dividend	2,822
Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing	0.87%	Equity Emerging Markets	3,189
UBS MSCI ACWI Universal UCITS ETF hCHF dis	0.13%	Equity World Social/Environmental	66
Xtrackers MSCI AC World Screened UCITS ETF 5C - USD Hedged	0.10%	Equity World Social/Environmental	1
JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	0.95%	Equity Emerging Markets Social/Environmental	95
JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.95%	Equity Emerging Markets Social/Environmental	31
UBS MSCI ACWI Universal UCITS ETF hCHF acc	0.13%	Equity World Social/Environmental	1,347
Xtrackers MSCI Emerging Markets UCITS ETF 1D	0.72%	Equity Emerging Markets	761
iShares MSCI ACWI UCITS ETF USD (Acc)	0.09%	Equity World	30,872
iShares Emerging Markets Equity Enhanced Active UCITS ETF USD (Acc)	0.97%	Equity Emerging Markets Social/Environmental Multi-Asset Strategy	1,274
Vanguard LifeStrategy 80% Equity UCITS ETF Distributing	0.02%	Equity World Multi-Asset Strategy	94
HSBC Emerging Market Screened Equity UCITS ETF USD (Dist)	1.19%	Equity Emerging Markets Social/Environmental Climate Change	66
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.13%	Equity World Social/Environmental	220
HSBC MSCI Emerging Markets UCITS ETF USD (Acc)	0.73%	Equity Emerging Markets	1,446
HSBC MSCI China UCITS ETF USD (Acc)	3.58%	Equity China	125
State Street SPDR MSCI All Country World UCITS ETF EUR Hedged (Acc)	0.10%	Equity World	1,719
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR Hedged (acc)	0.13%	Equity World Social/Environmental	29
iShares Conservative Portfolio UCITS ETF EUR (Acc)	0.03%	Equity World Social/Environmental Multi-Asset Strategy	16
L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF USD Dist	0.23%	Equity Emerging Markets Dividend	56
HSBC MSCI Emerging Markets Value Screened UCITS ETF USD (Acc)	2.55%	Equity Emerging Markets Value	104
UBS Core MSCI EM UCITS ETF USD acc	0.81%	Equity Emerging Markets	8,013
Xtrackers Artificial Intelligence & Big Data UCITS ETF 1C	1.01%	Equity World Technology Social/Environmental Artificial Intelligence	7,683
Amundi Prime Emerging Markets UCITS ETF DR (C)	0.76%	Equity Emerging Markets	764
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Accumulating	0.21%	Equity World Multi-Factor Strategy	1,406
Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating	0.87%	Equity Emerging Markets	1,994
Amundi MSCI AC Far East Ex Japan ESG Selection UCITS ETF USD Acc	2.10%	Equity Asia Pacific Social/Environmental	4
Franklin MSCI China Paris Aligned Climate UCITS ETF	0.55%	Equity China Social/Environmental Climate Change	8
iShares MSCI China UCITS ETF USD (Dist)	3.57%	Equity China	82
Xtrackers FTSE All-World UCITS ETF 1C	0.09%	Equity World	80
Invesco FTSE All-World UCITS ETF	0.13%	Equity World	285
BNP Paribas Easy MSCI Emerging Min TE UCITS ETF	0.85%	Equity Emerging Markets Social/Environmental	1,679
Vanguard LifeStrategy 20% Equity UCITS ETF Accumulating	0.02%	Equity World Multi-Asset Strategy	102
iShares MSCI ACWI SRI UCITS ETF USD (Dist)	0.36%	Equity World Social/Environmental	28
Vanguard LifeStrategy 60% Equity UCITS ETF Accumulating	0.02%	Equity World Multi-Asset Strategy	949
BNP Paribas Easy MSCI China Min TE UCITS ETF USD Acc	4.11%	Equity China Social/Environmental	13
UBS MSCI AC Asia ex Japan Selection UCITS ETF USD acc	1.96%	Equity Asia Pacific Social/Environmental Climate Change	9
iShares Moderate Portfolio UCITS ETF USD Hedged (Acc)	0.09%	Equity World Social/Environmental Multi-Asset Strategy	7
Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating	0.96%	Equity Emerging Markets Social/Environmental	101
HSBC PLUS Emerging Markets Equity Income Quant Active UCITS ETF USD Dist	0.59%	Equity World Dividend	85
Fidelity Emerging Markets Quality Income UCITS ETF INC-USD	1.21%	Equity Emerging Markets Dividend	139
Amundi Core MSCI Emerging Markets UCITS ETF USD Dist	0.83%	Equity Emerging Markets	89
iShares China Large Cap UCITS ETF USD (Acc)	8.24%	Equity China Large Cap	32
WisdomTree Emerging Markets High Dividend UCITS ETF Dist	4.15%	Equity Emerging Markets Dividend	162
UBS MSCI China Universal UCITS ETF USD dis	5.61%	Equity China Social/Environmental Climate Change	212
Xtrackers MSCI Emerging Markets Climate Transition UCITS ETF 1C	0.68%	Equity Emerging Markets Social/Environmental Climate Change	36
iShares Growth Portfolio UCITS ETF EUR (Acc)	0.17%	Equity World Social/Environmental Multi-Asset Strategy	104
iShares Conservative Portfolio UCITS ETF GBP Hedged (Acc)	0.03%	Equity World Social/Environmental Multi-Asset Strategy	3
Amundi Prime All Country World UCITS ETF Dist	0.10%	Equity World	4,716
Xtrackers MSCI Global Social Fairness Contributors UCITS ETF 1C	0.80%	Equity World Social/Environmental	3
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (dist)	0.13%	Equity World Social/Environmental	60
Vanguard FTSE All-World UCITS ETF (USD) Distributing	0.09%	Equity World	23,505
UBS MSCI ACWI Universal UCITS ETF hUSD acc	0.13%	Equity World Social/Environmental	1,231
State Street SPDR MSCI All Country World UCITS ETF USD Unhedged (Acc)	0.10%	Equity World	15,626
HSBC Multi Factor Worldwide Equity UCITS ETF USD (Acc)	0.37%	Equity World Multi-Factor Strategy	5
iShares Growth Portfolio UCITS ETF USD Hedged (Acc)	0.17%	Equity World Social/Environmental Multi-Asset Strategy	2
Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C	1.60%	Equity Emerging Markets Social/Environmental	1,334
WisdomTree Emerging Markets High Dividend UCITS ETF Acc	4.15%	Equity Emerging Markets Dividend	72
Amundi MSCI Emerging Markets ESG Broad Transition UCITS ETF Acc	1.20%	Equity Emerging Markets Social/Environmental Climate Change	1,770
iShares Edge MSCI EM Minimum Volatility UCITS ETF	0.78%	Equity Emerging Markets Low Volatility/Risk Weighted	420
State Street SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF USD	2.17%	Equity Emerging Markets Dividend	236
Invesco FTSE All-World UCITS ETF CHF PfHdg Acc	0.13%	Equity World	67
iShares Emerging Markets Dividend UCITS ETF	2.92%	Equity Emerging Markets Dividend	1,248
Invesco RAFI Emerging Markets Fundamental Value UCITS ETF Dist	1.27%	Equity Emerging Markets Value	77
Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	0.10%	Equity World Social/Environmental	1,028
L&G Emerging Markets Equity UCITS ETF USD Acc	0.83%	Equity Emerging Markets Social/Environmental	128
Vanguard LifeStrategy 60% Equity UCITS ETF Distributing	0.02%	Equity World Multi-Asset Strategy	124

Performance

Returns overview

YTD	+13.70%
1 month	+10.67%
3 months	-1.19%
6 months	+9.21%
1 year	+9.21%
3 years	+93.02%
5 years	+66.00%
Since inception (MAX)	+50.91%
2025	+10.61%
2024	+40.43%
2023	-7.84%
2022	+0.00%

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).