Bloom Energy

ISIN US0937121079

WKN A2JQTG

Market cap (in EUR)

63,209 m

Country

United States

Sector

Industrials

Dividend yield

0.00%

Overview

Quote

Description

Bloom Energy Corp. engages in the manufacture and installation of a solid oxide fuel-cell based power generation platform. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was founded by K. R. Sridhar, John Finn, Jim McElroy, Matthias Gottmann, and Dien Nguyen on January 18, 2001, and is headquartered in San Jose, CA.

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Industrials Industrial Manufacturing Electrical Equipment and Power Systems United States

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Financials

Key metrics

Market capitalisation, EUR	63,209 m
EPS, EUR	-0.05
P/B ratio	79.8
P/E ratio	23,091.5
Dividend yield	0.00%

Income statement (2025)

Revenue, EUR	1,794 m
Net income, EUR	-78 m
Profit margin	-4.37%

What ETF is Bloom Energy in?

There are 188 ETFs which contain Bloom Energy. All of these ETFs are listed in the table below. The ETF with the largest weighting of Bloom Energy is the Global X Hydrogen 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)	0.07%	Equity World Equal Weighted	19
UBS MSCI USA Select Factor Mix UCITS ETF hEUR acc	0.06%	Equity United States Multi-Factor Strategy	8
UBS Core MSCI World UCITS ETF USD acc	0.04%	Equity World	8,487
iShares Global Clean Energy Transition UCITS ETF USD (Dist)	9.41%	Equity World Utilities Social/Environmental Clean Energy	3,162
UBS Core MSCI World UCITS ETF hCHF acc	0.04%	Equity World	969
Xtrackers MSCI USA Screened UCITS ETF 1C	0.05%	Equity United States Social/Environmental	593
iShares MSCI USA Mid-Cap Equal Weight UCITS ETF USD (Acc)	0.36%	Equity United States Mid Cap	267
Xtrackers Portfolio UCITS ETF 1C	0.02%	Equity World Multi-Asset Strategy	718
Invesco MSCI World Equal Weight UCITS ETF Acc	0.09%	Equity World Equal Weighted	1,233
iShares Core MSCI World UCITS ETF USD (Dist)	0.04%	Equity World	693
L&G Russell 2000 US Small Cap Quality UCITS ETF	0.90%	Equity United States Small Cap	175
Xtrackers MSCI Global SDG 7 Affordable and Clean Energy UCITS ETF 1C	2.99%	Equity World Social/Environmental Clean Energy	28
Invesco MSCI USA Universal Screened UCITS ETF Acc	0.05%	Equity United States Social/Environmental	2,605
iShares World Equity Enhanced Active UCITS ETF EUR Hedged (Acc)	0.02%	Equity World Social/Environmental Multi-Asset Strategy	177
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF CHF Hedged (acc)	0.01%	Equity World Social/Environmental	3
Amundi Core MSCI USA UCITS ETF EUR Hedged (Acc)	0.06%	Equity United States	3
iShares MSCI USA ESG Enhanced CTB UCITS ETF USD (Dist)	0.06%	Equity United States Social/Environmental	14,311
HANetf HAN-GINS Tech Megatrend Equal Weight UCITS ETF	0.68%	Equity World Technology Innovation	91
Amundi MSCI USA Screened UCITS ETF Acc	0.07%	Equity United States Social/Environmental	834
UBS ETF (IE) MSCI USA UCITS ETF (USD) A-UKdis	0.05%	Equity United States	50
Global X Autonomous & Electric Vehicles UCITS ETF USD Accumulating	1.23%	Equity World Automobile Future Mobility	9
UBS MSCI USA NSL UCITS ETF USD acc	0.05%	Equity United States	2,916
Amundi Global Hydrogen UCITS ETF Acc	5.33%	Equity World Social/Environmental Hydrogen	296
UBS Core MSCI World UCITS ETF USD dis	0.04%	Equity World	1,782
UBS MSCI World UCITS ETF USD dis	0.04%	Equity World	1,412
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF GBP Hedged (dist)	0.01%	Equity World Social/Environmental	26
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF USD (dist)	0.01%	Equity World Social/Environmental	1,615
BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF USD Acc	0.09%	Equity World Equal Weighted	23
iShares MSCI USA ESG Enhanced CTB UCITS ETF EUR Hedged (Acc)	0.06%	Equity United States Social/Environmental	1,530
BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Acc	0.04%	Equity World Social/Environmental	479
iShares MSCI ACWI UCITS ETF USD (Dist)	0.03%	Equity World	6
L&G Hydrogen Economy UCITS ETF USD Acc	3.43%	Equity World Social/Environmental Hydrogen	490
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)	0.03%	Equity World	5,169
Xtrackers MSCI AC World Screened UCITS ETF 2C - EUR Hedged	0.03%	Equity World Social/Environmental	85
Xtrackers USA Biodiversity Focus SRI UCITS ETF 1C	0.12%	Equity United States Social/Environmental	10
Amundi Core MSCI USA UCITS ETF Acc	0.06%	Equity United States	3,224
iShares MSCI USA Screened UCITS ETF USD (Dist)	0.06%	Equity United States Social/Environmental	1,359
Vanguard ESG Global All Cap UCITS ETF (USD) Distributing	0.04%	Equity World Social/Environmental	524
Global X Autonomous & Electric Vehicles UCITS ETF USD Distributing	1.23%	Equity World Automobile Future Mobility	2
State Street SPDR MSCI World UCITS ETF USD Unhedged	0.03%	Equity World	15,865
Xtrackers Russell 2000 UCITS ETF 1C	0.92%	Equity United States Small Cap	2,346
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Dist)	0.03%	Equity World	105
Goldman Sachs ActiveBeta® Paris-Aligned Sustainable US Large Cap Equity UCITS ETF CLASS USD (Acc.)	0.12%	Equity United States Multi-Factor Strategy	115
Scalable MSCI AC World Xtrackers UCITS ETF 1C	0.02%	Equity World	581
Invesco MSCI ACWI Islamic M-Series UCITS ETF Acc	0.09%	Equity World Islamic Investing	43
Invesco MSCI USA Universal Screened UCITS ETF Dist	0.05%	Equity United States Social/Environmental	36
HSBC NASDAQ Global Climate Tech UCITS ETF USD (Acc)	1.82%	Equity World Social/Environmental Climate Change	154
UBS MSCI USA ex Mega Cap UCITS ETF USD acc	0.09%	Equity United States	2
State Street SPDR MSCI All Country World UCITS ETF USD Hedged (Acc)	0.03%	Equity World	88
Amundi MSCI World Momentum Advanced UCITS ETF Acc	0.38%	Equity World Momentum Climate Change	605
UBS Core MSCI USA UCITS ETF EUR Hedged acc	0.05%	Equity United States	735
Xtrackers MSCI World UCITS ETF 2C - EUR Hedged	0.04%	Equity World	385
State Street SPDR MSCI World UCITS ETF GBP Hedged (Dist)	0.03%	Equity World	289
Franklin US Dividend Tilt UCITS ETF (Acc)	0.07%	Equity United States Dividend	1
Xtrackers MSCI World Screened UCITS ETF 1D	0.04%	Equity World Social/Environmental	126
Xtrackers MSCI World UCITS ETF 1D	0.04%	Equity World	4,445
Xtrackers MSCI World ESG UCITS ETF 1C	0.08%	Equity World Social/Environmental	5,151
Xtrackers MSCI AC World Screened UCITS ETF 1C	0.03%	Equity World Social/Environmental	5,484
JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF GBP Hedged (acc)	0.01%	Equity World Social/Environmental	535
iShares US Equity Enhanced Active UCITS ETF GBP Hedged (Acc)	0.04%	Equity United States Social/Environmental Multi-Asset Strategy	0
Xtrackers MSCI World Climate Transition UCITS ETF 1C	0.03%	Equity World Social/Environmental Climate Change	21
UBS Core MSCI USA UCITS ETF USD acc	0.05%	Equity United States	2,574
iShares MSCI World Screened UCITS ETF USD (Dist)	0.04%	Equity World Social/Environmental	1,107
Xtrackers MSCI USA ESG UCITS ETF 2C - EUR Hedged	0.11%	Equity United States Social/Environmental	257
State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF USD	0.82%	Equity United States Small Cap	4,527
State Street SPDR MSCI World Industrials UCITS ETF USD	0.32%	Equity World Industrials	183
iShares World Equity Enhanced Active UCITS ETF GBP Hedged (Acc)	0.02%	Equity World Social/Environmental Multi-Asset Strategy	46
iShares MSCI USA ESG Enhanced CTB UCITS ETF USD (Acc)	0.06%	Equity United States Social/Environmental	7,463
Xtrackers MSCI Innovation UCITS ETF 1C	0.07%	Equity World Social/Environmental Innovation	5
WisdomTree Megatrends UCITS ETF USD	0.58%	Equity World Social/Environmental Innovation	49
Amundi MSCI USA ESG Broad Transition UCITS ETF Dist	0.06%	Equity United States Social/Environmental Climate Change	2,059
HSBC MSCI World UCITS ETF CHF hedged	0.04%	Equity World	82
HSBC MSCI World UCITS ETF EUR Hedged (Acc)	0.04%	Equity World	720
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF EUR Acc	0.03%	Equity World Social/Environmental	16
Xtrackers MSCI World ESG UCITS ETF 1D	0.08%	Equity World Social/Environmental	17
iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD (Acc)	0.14%	Equity World Mid Cap	384
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.01%	Equity World Social/Environmental	0
UBS MSCI USA Select Factor Mix UCITS ETF USD acc	0.06%	Equity United States Multi-Factor Strategy	106
Amundi Core MSCI World UCITS ETF USD Dist	0.04%	Equity World	1,506
iShares MSCI World Screened UCITS ETF USD (Acc)	0.04%	Equity World Social/Environmental	4,873
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.01%	Equity World Social/Environmental	68
Amundi MSCI USA Ex Mega Cap UCITS ETF Acc	0.15%	Equity United States	27
iShares MSCI ACWI Screened UCITS ETF USD (Acc)	0.04%	Equity World Social/Environmental	2,097
iShares MSCI World Momentum Factor Advanced UCITS ETF USD (Acc)	0.37%	Equity World Momentum	203
Amundi Core MSCI USA UCITS ETF Dist	0.06%	Equity United States	1,022
Amundi MSCI North America ESG Broad Transition UCITS ETF Acc	0.04%	Equity North America Social/Environmental Climate Change	425
Xtrackers MSCI World Industrials UCITS ETF 1C	0.29%	Equity World Industrials	856
BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc	0.09%	Equity World Equal Weighted	34
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF EUR Hedged (acc)	0.01%	Equity World Social/Environmental	868
Xtrackers MSCI USA Industrials UCITS ETF 1D	0.53%	Equity United States Industrials	298
Amundi MSCI New Energy UCITS ETF Acc	3.50%	Equity World Utilities Social/Environmental Clean Energy	185
VanEck Hydrogen Economy UCITS ETF	8.93%	Equity World Hydrogen	151
Xtrackers MSCI USA Screened UCITS ETF 2C - EUR Hedged	0.05%	Equity United States Social/Environmental	128
BNP Paribas Easy ECPI Global ESG Hydrogen Economy UCITS ETF USD	2.24%	Equity World Social/Environmental Hydrogen	0
iShares MSCI World UCITS ETF (Dist)	0.04%	Equity World	7,853
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF USD C	0.03%	Equity World Social/Environmental	58
Rize USA Environmental Impact UCITS ETF USD Acc	1.23%	Equity United States Social/Environmental Climate Change	7
iShares Core MSCI World UCITS ETF EUR Hedged (Dist)	0.04%	Equity World	1,709
Amundi MSCI World ESG Broad Transition UCITS ETF Dist	0.03%	Equity World Social/Environmental Climate Change	137
First Trust Nasdaq Clean Edge Green Energy UCITS ETF Acc	7.19%	Equity World Utilities Clean Energy	24
Amundi Core MSCI USA UCITS ETF UCITS ETF CHF Hedged Acc	0.06%	Equity United States	1
iShares MSCI World Industrials Sector Advanced UCITS ETF USD (Dist)	0.27%	Equity World Industrials Social/Environmental	104
UBS MSCI USA Select Factor Mix UCITS ETF USD dis	0.06%	Equity United States Multi-Factor Strategy	27
HSBC MSCI World UCITS ETF USD (Acc)	0.04%	Equity World	1,806
Xtrackers MSCI USA UCITS ETF 1D	0.05%	Equity United States	271
HSBC MSCI World UCITS ETF USD	0.04%	Equity World	12,967
iShares US Equity Enhanced Active UCITS ETF EUR Hedged (Acc)	0.04%	Equity United States Social/Environmental Multi-Asset Strategy	8
iShares MSCI World ESG Enhanced CTB UCITS ETF USD (Acc)	0.01%	Equity World Social/Environmental	3,910
iShares MSCI North America UCITS ETF	0.05%	Equity North America	1,289
Amundi MSCI New Energy UCITS ETF Dist	3.50%	Equity World Utilities Social/Environmental Clean Energy	948
Xtrackers MSCI World UCITS ETF 3C - CHF Hedged	0.04%	Equity World	47
Invesco MSCI World Universal Screened UCITS ETF Acc	0.03%	Equity World Social/Environmental	240
Invesco Hydrogen Economy UCITS ETF Acc	1.70%	Equity World Social/Environmental Hydrogen	7
JPMorgan BetaBuilders US Equity UCITS ETF USD (dist)	0.06%	Equity United States	4
Xtrackers MSCI AC World Screened UCITS ETF 5C - USD Hedged	0.03%	Equity World Social/Environmental	1
UBS Core MSCI World UCITS ETF hGBP dis	0.04%	Equity World	100
UBS Core MSCI World UCITS ETF hGBP acc	0.04%	Equity World	48
Franklin ClearBridge US Smaller Companies UCITS ETF Acc	2.64%	Equity United States Small Cap	4
WisdomTree Renewable Energy UCITS ETF USD Unhedged Acc	3.39%	Equity World Social/Environmental Clean Energy	38
iShares MSCI ACWI UCITS ETF USD (Acc)	0.03%	Equity World	26,625
HANetf Ukraine Reconstruction UCITS ETF Acc	1.74%	Equity World Infrastructure	8
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.01%	Equity World Social/Environmental	196
Xtrackers MSCI USA UCITS ETF 1C	0.05%	Equity United States	10,510
Xtrackers MSCI World Momentum ESG UCITS ETF	0.35%	Equity World Momentum	217
UBS Core MSCI World UCITS ETF hEUR acc	0.04%	Equity World	798
UBS Core MSCI USA UCITS ETF EUR Hedged dis	0.05%	Equity United States	190
L&G MSCI World Mid Cap UCITS ETF USD Acc	0.25%	Equity World Mid Cap	6
UBS MSCI USA Select Factor Mix UCITS ETF hCHF acc	0.06%	Equity United States Multi-Factor Strategy	24
Invesco Global Clean Energy UCITS ETF Dist	0.98%	Equity World Utilities Social/Environmental Clean Energy	5
State Street SPDR MSCI All Country World UCITS ETF EUR Hedged (Acc)	0.03%	Equity World	1,425
Xtrackers MSCI World ESG UCITS ETF 2C EUR Hedged	0.08%	Equity World Social/Environmental	1,031
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR Hedged (acc)	0.01%	Equity World Social/Environmental	20
iShares Core MSCI World UCITS ETF GBP Hedged (Dist)	0.04%	Equity World	1,103
BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc	0.04%	Equity World Social/Environmental	452
UBS Core MSCI USA UCITS ETF CHF Hedged acc	0.05%	Equity United States	573
Vanguard ESG North America All Cap UCITS ETF (USD) Distributing	0.06%	Equity North America Social/Environmental	26
Amundi Core MSCI World UCITS ETF Acc	0.04%	Equity World	13,202
iShares MSCI World EUR Hedged UCITS ETF (Acc)	0.04%	Equity World	5,061
JPMorgan Global Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.01%	Equity World Social/Environmental	5,338
iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist)	0.39%	Equity United States Momentum	12
iShares Energy Storage & Hydrogen UCITS ETF USD (Acc)	12.56%	Equity World Social/Environmental Hydrogen	25
JPMorgan BetaBuilders US Equity UCITS ETF USD (acc)	0.06%	Equity United States	78
iShares MSCI USA Screened UCITS ETF USD (Acc)	0.06%	Equity United States Social/Environmental	14,482
UBS Core MSCI USA UCITS ETF hGBP acc	0.05%	Equity United States	35
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)	0.25%	Equity World Momentum	4,232
BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Hedged Acc	0.04%	Equity World Social/Environmental	104
Global X CleanTech UCITS ETF USD Accumulating	4.78%	Equity World Technology Clean Energy	7
Amundi MSCI USA ESG Broad Transition UCITS ETF Acc	0.06%	Equity United States Social/Environmental Climate Change	2,922
Xtrackers MSCI World UCITS ETF 2D - GBP Hedged	0.04%	Equity World	457
Xtrackers MSCI USA ESG UCITS ETF 1D	0.11%	Equity United States Social/Environmental	295
iShares Core MSCI World UCITS ETF USD (Acc)	0.04%	Equity World	118,632
Xtrackers MSCI World UCITS ETF 1C	0.04%	Equity World	18,577
iShares MSCI World GBP Hedged UCITS ETF (Acc)	0.04%	Equity World	520
iShares World Equity Enhanced Active UCITS ETF USD (Acc)	0.02%	Equity World Social/Environmental Multi-Asset Strategy	1,699
Vanguard ESG North America All Cap UCITS ETF (USD) Accumulating	0.06%	Equity North America Social/Environmental	238
State Street SPDR MSCI World UCITS ETF EUR Hedged (Acc)	0.03%	Equity World	732
Amundi MSCI World ESG Broad Transition UCITS ETF Acc	0.03%	Equity World Social/Environmental Climate Change	985
Amundi Core MSCI World UCITS ETF EUR Hedged Acc	0.04%	Equity World	58
State Street SPDR MSCI Resilient Future UCITS ETF USD Unhedged (Acc)	0.95%	Equity World Social/Environmental	4
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (dist)	0.01%	Equity World Social/Environmental	55
UBS Core MSCI USA UCITS ETF USD dis	0.05%	Equity United States	1,220
Xtrackers World Biodiversity Focus SRI UCITS ETF 1C	0.09%	Equity World Social/Environmental	17
iShares MSCI USA ESG Enhanced CTB UCITS ETF GBP Hedged (Dist)	0.06%	Equity United States Social/Environmental	420
iShares MSCI World Screened UCITS ETF GBP Hedged (Dist)	0.04%	Equity World Social/Environmental	96
iShares MSCI USA Screened UCITS ETF EUR Hedged (Acc)	0.06%	Equity United States Social/Environmental	762
Invesco MSCI USA Universal Screened UCITS ETF GBP Hedged Acc	0.05%	Equity United States Social/Environmental	5
Amundi MSCI North America ESG Broad Transition UCITS ETF Dist	0.04%	Equity North America Social/Environmental Climate Change	38
iShares Edge MSCI USA Momentum Factor UCITS ETF	0.39%	Equity United States Momentum	506
State Street SPDR MSCI All Country World UCITS ETF USD Unhedged (Acc)	0.03%	Equity World	10,556
Invesco Global Clean Energy UCITS ETF Acc	0.98%	Equity World Utilities Social/Environmental Clean Energy	177
Xtrackers MSCI World Momentum UCITS ETF 1C	0.23%	Equity World Momentum	1,781
iShares MSCI USA UCITS ETF (Acc)	0.05%	Equity United States	3,974
Xtrackers MSCI USA UCITS ETF 3C CHF Hedged	0.05%	Equity United States	337
BNP Paribas Easy MSCI USA Min TE UCITS ETF	0.05%	Equity United States Social/Environmental	1,140
Global X Hydrogen UCITS ETF USD Accumulating	13.46%	Equity World Social/Environmental Hydrogen	53
UBS MSCI World ex Mega Cap UCITS ETF USD acc	0.06%	Equity World	34
Amundi MSCI World ESG Broad Transition UCITS ETF EUR Hedged (Acc)	0.03%	Equity World Social/Environmental Climate Change	3
iShares MSCI World ESG Enhanced CTB UCITS ETF EUR Hedged (Acc)	0.01%	Equity World Social/Environmental	252
iShares MSCI World ESG Enhanced CTB UCITS ETF USD (Dist)	0.01%	Equity World Social/Environmental	743
iShares Global Clean Energy Transition UCITS ETF USD (Acc)	9.41%	Equity World Utilities Social/Environmental Clean Energy	794
WisdomTree Battery Solutions UCITS ETF USD Acc	3.82%	Equity World Technology Social/Environmental Battery Technology	173
Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	0.04%	Equity World Social/Environmental	865
Amundi MSCI World Screened UCITS ETF Acc	0.05%	Equity World Social/Environmental	1,400
Xtrackers MSCI USA ESG UCITS ETF 1C	0.11%	Equity United States Social/Environmental	7,187
Franklin US Dividend Tilt UCITS ETF (Dis)	0.07%	Equity United States Dividend	3
iShares US Equity Enhanced Active UCITS ETF USD (Acc)	0.04%	Equity United States Social/Environmental Multi-Asset Strategy	1,111
UBS MSCI USA UCITS ETF USD dis	0.05%	Equity United States	482
Xtrackers MSCI USA UCITS ETF 2C EUR Hedged	0.05%	Equity United States	559

Performance

Returns overview

YTD	+221.38%
1 month	+30.89%
3 months	+92.55%
6 months	+153.87%
1 year	+1,378.77%
3 years	+1,779.07%
5 years	+1,264.06%
Since inception (MAX)	+2,297.95%
2025	+264.78%
2024	+50.75%
2023	-22.77%
2022	-0.83%

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).