Check Point Software Tech

ISIN IL0010824113

WKN 901638

Market cap (in EUR)

11,675 m

Country

Israel

Sector

Technology

Dividend yield

0.00%

Overview

Quote

Description

Check Point Software Technologies Ltd. is engaged in the development and marketing of software and hardware solutions for information technology security. Its products include Quantum, CloudGuard, Harmony, and Infinity-Vision. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.

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Technology Software and Consulting Software Israel

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Financials

Key metrics

Market capitalisation, EUR	11,675 m
EPS, EUR	8.40
P/B ratio	4.8
P/E ratio	13.3
Dividend yield	0.00%

Income statement (2025)

Revenue, EUR	2,416 m
Net income, EUR	937 m
Profit margin	38.78%

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Capital at risk

What ETF is Check Point Software Tech in?

There are 188 ETFs which contain Check Point Software Tech. All of these ETFs are listed in the table below. The ETF with the largest weighting of Check Point Software Tech is the Global X Cybersecurity UCITS ETF USD Accumulating.

ETF	Weight	Investment focus	Fund size (in m EUR)
UBS Core MSCI World UCITS ETF USD acc	0.02%	Equity World	9,182
iShares MSCI World Sector & Country Neutral Equal Weight UCITS ETF USD (Acc)	0.01%	Equity World Equal Weighted	19
UBS Core MSCI World UCITS ETF hCHF acc	0.02%	Equity World	989
Xtrackers Portfolio UCITS ETF 1C	0.00%	Equity World Multi-Asset Strategy	742
Invesco MSCI World Equal Weight UCITS ETF Acc	0.07%	Equity World Equal Weighted	1,259
iShares Moderate Portfolio UCITS ETF EUR (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	44
iShares Core MSCI World UCITS ETF USD (Dist)	0.02%	Equity World	727
iShares Edge MSCI World Quality Factor UCITS ETF (Acc)	0.06%	Equity World Fundamental/Quality	4,553
Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc	0.02%	Equity World Social/Environmental Climate Change	25
Invesco RAFI All-World Fundamental Value UCITS ETF	0.03%	Equity World Value	215
WisdomTree Global Sustainable Equity UCITS ETF USD Unhedged Acc	0.35%	Equity World Social/Environmental	397
Xtrackers MSCI World ex USA UCITS ETF 1C	0.05%	Equity World	5,605
Franklin S&P World Screened UCITS ETF Acc	0.01%	Equity United States Social/Environmental Climate Change	12
iShares Edge MSCI World Minimum Volatility Advanced UCITS ETF EUR Hedged (Acc)	0.11%	Equity World Low Volatility/Risk Weighted	52
iShares Moderate Portfolio UCITS ETF GBP Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	27
Invesco FTSE All-World UCITS ETF GBP PfHdg Dist	0.02%	Equity World	23
Goldman Sachs Paris-Aligned Climate World Equity UCITS ETF USD (Acc)	0.03%	Equity World Social/Environmental Climate Change	8
HANetf HAN-GINS Tech Megatrend Equal Weight UCITS ETF	0.73%	Equity World Technology Innovation	106
UBS Core MSCI World UCITS ETF USD dis	0.02%	Equity World	1,863
BNP Paribas Easy MSCI World UCITS ETF USD Acc	0.02%	Equity World	78
Amundi Prime All Country World UCITS ETF Acc	0.01%	Equity World	1,895
UBS MSCI World UCITS ETF USD dis	0.02%	Equity World	1,446
UBS MSCI World ex USA UCITS ETF USD acc	0.06%	Equity World	136
Vanguard FTSE Developed World UCITS ETF Acc	0.01%	Equity World	5,319
BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF USD Acc	0.09%	Equity World Equal Weighted	24
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	511
Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF 1C	0.02%	Equity World Social/Environmental Climate Change	119
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	5,489
Xtrackers MSCI AC World Screened UCITS ETF 2C - EUR Hedged	0.02%	Equity World Social/Environmental	89
Xtrackers USA Biodiversity Focus SRI UCITS ETF 1C	0.03%	Equity United States Social/Environmental	11
Amundi MSCI World Catholic Principles UCITS ETF Acc	0.05%	Equity World Social/Environmental Catholic principles	105
Vanguard ESG Global All Cap UCITS ETF (USD) Distributing	0.01%	Equity World Social/Environmental	532
WisdomTree Cybersecurity UCITS ETF USD Acc	4.58%	Equity World Technology Social/Environmental Cybersecurity	377
State Street SPDR MSCI World UCITS ETF USD Unhedged	0.02%	Equity World	16,068
State Street SPDR S&P Developed Quality Aristocrats UCITS ETF USD Unhedged (Acc)	0.41%	Equity World Fundamental/Quality	32
iShares World Equity High Income UCITS ETF USD (Dist)	0.27%	Equity World Social/Environmental	372
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Dist)	0.01%	Equity World	126
Scalable MSCI AC World Xtrackers UCITS ETF 1C	0.02%	Equity World	629
Vanguard FTSE Developed World UCITS ETF Distributing	0.01%	Equity World	3,977
Vanguard FTSE North America UCITS ETF (USD) Accumulating	0.02%	Equity North America	2,613
UBS MSCI ACWI Universal UCITS ETF hEUR acc	0.02%	Equity World Social/Environmental	685
Xtrackers MSCI World Minimum Volatility UCITS ETF 1C	0.19%	Equity World Low Volatility/Risk Weighted	970
JPMorgan Global Equity Multi-Factor UCITS ETF USD (dist)	0.14%	Equity World Multi-Factor Strategy	0
Vanguard LifeStrategy 20% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	16
HANetf Future of Defence UCITS ETF	1.04%	Equity World Military & Defense	2,767
Amundi MSCI Disruptive Technology UCITS ETF Acc	0.30%	Equity World Technology Social/Environmental Innovation	163
Xtrackers MSCI World ex USA UCITS ETF 1D	0.05%	Equity World	225
State Street SPDR MSCI All Country World UCITS ETF USD Hedged (Acc)	0.01%	Equity World	89
State Street SPDR MSCI World UCITS ETF GBP Hedged (Dist)	0.02%	Equity World	294
Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	0.02%	Equity World	51
Xtrackers MSCI World Screened UCITS ETF 1D	0.02%	Equity World Social/Environmental	131
Xtrackers MSCI World ESG UCITS ETF 1C	0.04%	Equity World Social/Environmental	5,225
BNP Paribas Easy MSCI World UCITS ETF EUR Acc	0.02%	Equity World	146
Xtrackers MSCI Fintech Innovation UCITS ETF 1C	0.24%	Equity World Technology Social/Environmental Fintech	11
Xtrackers MSCI AC World Screened UCITS ETF 1C	0.02%	Equity World Social/Environmental	5,847
Amundi S&P Global Information Technology ESG UCITS ETF DR EUR (D)	0.07%	Equity World Technology Social/Environmental	67
L&G Cyber Security Innovation UCITS ETF USD Acc	1.98%	Equity World Social/Environmental Cybersecurity	24
Invesco FTSE All-World UCITS ETF Acc	0.02%	Equity World	3,218
Rize Cybersecurity and Data Privacy UCITS ETF	2.92%	Equity World Technology Social/Environmental Cybersecurity	110
iShares Conservative Portfolio UCITS ETF USD Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	0
Xtrackers MSCI World Quality ESG UCITS ETF 1C	0.16%	Equity World Fundamental/Quality	176
Xtrackers MSCI World Climate Transition UCITS ETF 1C	0.01%	Equity World Social/Environmental Climate Change	21
iShares MSCI World Screened UCITS ETF USD (Dist)	0.02%	Equity World Social/Environmental	1,115
L&G Cyber Security UCITS ETF	3.92%	Equity World Technology Social/Environmental Cybersecurity	2,952
iShares Digital Security UCITS ETF USD (Dist)	1.23%	Equity World Technology Social/Environmental Cybersecurity	156
Xtrackers MSCI Innovation UCITS ETF 1C	0.08%	Equity World Social/Environmental Innovation	6
UBS MSCI ACWI Universal UCITS ETF USD dis	0.02%	Equity World Social/Environmental	2,297
WisdomTree Megatrends UCITS ETF USD	0.12%	Equity World Social/Environmental Innovation	56
Xtrackers MSCI World Quality UCITS ETF 1C	0.06%	Equity World Fundamental/Quality	2,480
HSBC MSCI World UCITS ETF CHF hedged	0.02%	Equity World	87
HSBC MSCI World UCITS ETF EUR Hedged (Acc)	0.02%	Equity World	730
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF EUR Acc	0.01%	Equity World Social/Environmental	16
Xtrackers MSCI World ESG UCITS ETF 1D	0.04%	Equity World Social/Environmental	22
iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD (Acc)	0.12%	Equity World Mid Cap	389
Amundi Core MSCI World UCITS ETF USD Dist	0.02%	Equity World	1,555
iShares MSCI World Screened UCITS ETF USD (Acc)	0.02%	Equity World Social/Environmental	5,092
UBS MSCI ACWI Universal UCITS ETF hGBP acc	0.02%	Equity World Social/Environmental	283
Vanguard LifeStrategy 40% Equity UCITS ETF Accumulating	0.00%	Equity World Multi-Asset Strategy	224
iShares MSCI ACWI Screened UCITS ETF USD (Acc)	0.01%	Equity World Social/Environmental	2,614
First Trust Nasdaq Cybersecurity UCITS ETF EUR Hedged Acc	3.48%	Equity World Technology Cybersecurity	86
iShares Digital Security UCITS ETF USD (Acc)	1.23%	Equity World Technology Social/Environmental Cybersecurity	1,500
iShares Edge MSCI World Minimum Volatility Advanced UCITS ETF USD (Acc)	0.11%	Equity World Low Volatility/Risk Weighted	215
UBS MSCI ACWI Universal UCITS ETF hJPY acc	0.02%	Equity World Social/Environmental	113
BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc	0.09%	Equity World Equal Weighted	36
State Street SPDR MSCI World Technology UCITS ETF USD	0.06%	Equity World Technology	1,042
Vanguard FTSE North America UCITS ETF (USD) Distributing	0.02%	Equity North America	2,792
Xtrackers MSCI World High Dividend Yield ESG UCITS ETF 1D	0.15%	Equity World Dividend	29
BNP Paribas Easy ESG Enhanced World UCITS ETF EUR Hedged Acc	0.01%	Equity World Social/Environmental	107
Amundi MSCI World Ex USA Screened UCITS ETF Acc	0.07%	Equity World Social/Environmental Climate Change	4
Invesco Global Active Defensive ESG Equity UCITS ETF EUR PfHdg Acc	0.43%	Equity World Low Volatility/Risk Weighted Climate Change	61
Xtrackers Portfolio Income UCITS ETF 1D	0.01%	Equity World Multi-Asset Strategy	59
iShares Edge MSCI World Minimum Volatility UCITS ETF GBP hedged (Acc)	0.19%	Equity World Low Volatility/Risk Weighted	57
iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)	0.19%	Equity World Low Volatility/Risk Weighted	2,168
iShares MSCI World UCITS ETF (Dist)	0.02%	Equity World	7,907
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF USD C	0.01%	Equity World Social/Environmental	61
iShares STOXX USA Equity Multifactor UCITS ETF USD (Dist)	0.02%	Equity United States Multi-Factor Strategy	2
Vanguard LifeStrategy 80% Equity UCITS ETF (EUR) Accumulating	0.01%	Equity World Multi-Asset Strategy	1,106
Amundi MSCI World Minimum Volatility Advanced UCITS ETF Acc	0.23%	Equity World Low Volatility/Risk Weighted Climate Change	448
iShares STOXX USA Equity Multifactor UCITS ETF USD (Acc)	0.02%	Equity United States Multi-Factor Strategy	88
iShares Core MSCI World UCITS ETF EUR Hedged (Dist)	0.02%	Equity World	1,720
Amundi MSCI World ESG Broad Transition UCITS ETF Dist	0.01%	Equity World Social/Environmental Climate Change	180
Amundi MSCI Robotics & AI UCITS ETF Acc	0.32%	Equity World Technology Social/Environmental Artificial Intelligence	1,255
Global X Cybersecurity UCITS ETF USD Accumulating	5.87%	Equity World Technology Cybersecurity	49
Amundi Prime Global UCITS ETF Acc	0.02%	Equity World	2,011
iShares Growth Portfolio UCITS ETF GBP Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	26
Vanguard FTSE All-World UCITS ETF (USD) Accumulating	0.01%	Equity World	40,030
HSBC MSCI World UCITS ETF USD (Acc)	0.02%	Equity World	1,872
HSBC MSCI World UCITS ETF USD	0.02%	Equity World	13,366
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Distributing	0.01%	Equity World Multi-Factor Strategy	199
iShares MSCI World ESG Enhanced CTB UCITS ETF USD (Acc)	0.00%	Equity World Social/Environmental	4,139
L&G Global Equity UCITS ETF	0.01%	Equity World Social/Environmental	1,278
BNP Paribas Easy ESG Enhanced World UCITS ETF EUR Acc	0.01%	Equity World Social/Environmental	401
Invesco MSCI World Universal Screened UCITS ETF Acc	0.02%	Equity World Social/Environmental	243
UBS MSCI ACWI Universal UCITS ETF hCHF dis	0.02%	Equity World Social/Environmental	54
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	104
UBS Core MSCI World UCITS ETF hGBP acc	0.02%	Equity World	55
UBS MSCI ACWI Universal UCITS ETF hCHF acc	0.02%	Equity World Social/Environmental	1,457
iShares MSCI ACWI UCITS ETF USD (Acc)	0.01%	Equity World	28,098
Vanguard LifeStrategy 80% Equity UCITS ETF Distributing	0.01%	Equity World Multi-Asset Strategy	81
Xtrackers MSCI World Minimum Volatility ESG UCITS ETF 1C	0.18%	Equity World Low Volatility/Risk Weighted	17
UBS Core MSCI World UCITS ETF hEUR acc	0.02%	Equity World	816
Invesco Nasdaq Next Generation 100 UCITS ETF Acc	0.80%	Equity United States	41
Xtrackers MSCI World Information Technology UCITS ETF 1C	0.06%	Equity World Technology	5,633
L&G MSCI World Mid Cap UCITS ETF USD Acc	0.08%	Equity World Mid Cap	7
iShares Digitalisation UCITS ETF	0.73%	Equity World Technology Social/Environmental Digitalisation	636
State Street SPDR MSCI All Country World UCITS ETF EUR Hedged (Acc)	0.01%	Equity World	1,522
Xtrackers MSCI World ESG UCITS ETF 2C EUR Hedged	0.04%	Equity World Social/Environmental	1,065
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	0.01%	Equity World	18
State Street SPDR MSCI World Value UCITS ETF USD Unhedged (Acc)	0.16%	Equity World Value	182
iShares Core MSCI World UCITS ETF GBP Hedged (Dist)	0.02%	Equity World	1,118
BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc	0.02%	Equity World Social/Environmental	446
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Accumulating	0.01%	Equity World Multi-Factor Strategy	1,203
Vanguard ESG North America All Cap UCITS ETF (USD) Distributing	0.02%	Equity North America Social/Environmental	25
Amundi Core MSCI World UCITS ETF Acc	0.02%	Equity World	13,688
iShares MSCI World EUR Hedged UCITS ETF (Acc)	0.02%	Equity World	5,123
Amundi S&P Global Information Technology ESG UCITS ETF DR EUR (A)	0.07%	Equity World Technology Social/Environmental	1,003
Invesco FTSE All-World UCITS ETF Dist	0.02%	Equity World	242
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	0.04%	Equity World Social/Environmental Climate Change	52
Vanguard LifeStrategy 60% Equity UCITS ETF Accumulating	0.01%	Equity World Multi-Asset Strategy	843
BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Hedged Acc	0.02%	Equity World Social/Environmental	107
iShares Moderate Portfolio UCITS ETF USD Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	7
Amundi Prime Global UCITS ETF Dist	0.02%	Equity World	1,553
iShares Core MSCI World UCITS ETF USD (Acc)	0.02%	Equity World	119,715
Amundi MSCI Digital Economy UCITS ETF Acc	0.30%	Equity World Technology Social/Environmental Digitalisation	111
iShares World Equity High Income UCITS ETF USD (Acc)	0.27%	Equity World Social/Environmental	15
iShares MSCI World GBP Hedged UCITS ETF (Acc)	0.02%	Equity World	527
iShares Growth Portfolio UCITS ETF EUR (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	94
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	0.02%	Equity North America Social/Environmental	238
State Street SPDR MSCI World UCITS ETF EUR Hedged (Acc)	0.02%	Equity World	755
Amundi MSCI World ESG Broad Transition UCITS ETF Acc	0.01%	Equity World Social/Environmental Climate Change	968
Franklin MSCI World Catholic Principles UCITS ETF USD Capitalisation	0.05%	Equity World Social/Environmental Catholic principles	161
Amundi Core MSCI World UCITS ETF EUR Hedged Acc	0.02%	Equity World	64
Amundi Prime All Country World UCITS ETF Dist	0.01%	Equity World	4,304
Invesco Cybersecurity UCITS ETF Acc	2.84%	Equity World Technology Social/Environmental Cybersecurity	10
Vanguard FTSE All-World UCITS ETF (USD) Distributing	0.01%	Equity World	21,734
UBS MSCI ACWI Universal UCITS ETF hUSD acc	0.02%	Equity World Social/Environmental	1,285
Xtrackers World Biodiversity Focus SRI UCITS ETF 1C	0.02%	Equity World Social/Environmental	17
iShares MSCI World Screened UCITS ETF GBP Hedged (Dist)	0.02%	Equity World Social/Environmental	96
BNP Paribas Easy ESG Enhanced World UCITS ETF USD Acc	0.01%	Equity World Social/Environmental	15
State Street SPDR MSCI All Country World UCITS ETF USD Unhedged (Acc)	0.01%	Equity World	12,654
iShares Growth Portfolio UCITS ETF USD Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	2
iShares MSCI World Information Technology Sector Advanced UCITS ETF USD (Dist)	0.02%	Equity World Technology Social/Environmental	879
iShares MSCI World Quality Factor Advanced UCITS ETF USD (Acc)	0.15%	Equity World Fundamental/Quality	60
JPMorgan Global Equity Multi-Factor UCITS ETF USD (acc)	0.14%	Equity World Multi-Factor Strategy	223
UBS MSCI World ex Mega Cap UCITS ETF USD acc	0.02%	Equity World	8
Amundi MSCI World Ex USA UCITS ETF Dist	0.06%	Equity World	122
Amundi MSCI World ESG Broad Transition UCITS ETF EUR Hedged (Acc)	0.01%	Equity World Social/Environmental Climate Change	3
Invesco FTSE All-World UCITS ETF CHF PfHdg Acc	0.02%	Equity World	57
iShares MSCI World ESG Enhanced CTB UCITS ETF EUR Hedged (Acc)	0.00%	Equity World Social/Environmental	253
iShares MSCI World ESG Enhanced CTB UCITS ETF USD (Dist)	0.00%	Equity World Social/Environmental	765
Invesco Global Active Defensive ESG Equity UCITS ETF Acc	0.43%	Equity World Low Volatility/Risk Weighted Climate Change	3
First Trust Nasdaq Cybersecurity UCITS ETF Acc	3.48%	Equity World Technology Cybersecurity	1,251
Amundi MSCI Smart Cities UCITS ETF - Acc	0.85%	Equity World Infrastructure Social/Environmental	77
iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Dist)	0.19%	Equity World Low Volatility/Risk Weighted	11
Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	0.01%	Equity World Social/Environmental	926
Amundi MSCI World Screened UCITS ETF Acc	0.02%	Equity World Social/Environmental	1,531
iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc)	0.19%	Equity World Low Volatility/Risk Weighted	156
WisdomTree Tech Megatrends UCITS ETF USD Acc	0.40%	Equity World Technology Social/Environmental Innovation	8
iShares MSCI World ex-USA UCITS ETF USD (Acc)	0.06%	Equity World	2,864
Amundi MSCI World Ex USA UCITS ETF Acc	0.06%	Equity World	637
Vanguard LifeStrategy 60% Equity UCITS ETF Distributing	0.01%	Equity World Multi-Asset Strategy	109
Invesco S&P World Information Technology ESG UCITS ETF Acc	0.14%	Equity World Technology Social/Environmental	31

Performance

Returns overview

YTD	-30.66%
1 month	+14.91%
3 months	-21.46%
6 months	-32.40%
1 year	-43.88%
3 years	-2.36%
5 years	+15.38%
Since inception (MAX)	+82.94%
2025	-5.83%
2024	+23.73%
2023	+14.28%
2022	+20.11%

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).