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Carlisle Cos

ISIN US1423391002

WKN 871884

Overview

Quote

Description

Carlisle Cos., Inc. engages in the design, manufacture, and distribution of building envelope products and energy solutions. It operates through the Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT) segments. The CCM segment produces single-ply roofing products and warranted roof systems and accessories for the commercial building industry, including ethylene propylene diene monomer (“EPDM”), thermoplastic polyolefin (“TPO”) and polyvinyl chloride (“PVC”) membrane, polyiso insulation, and engineered metal roofing and wall panel systems for commercial and residential buildings. The CWT segment produces spray polyurethane foam technologies, architectural metal, heating, ventilation and air conditioning (HVAC) hardware and sealants, below-grade waterproofing, and air and vapor barrier systems focused on the weatherproofing and thermal performance of the building envelope. The company was founded by Charles S. Moomy in 1917 and is headquartered in Scottsdale, AZ.

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Non-Energy Materials Mining and Mineral Products Construction Materials United States

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Financials

Key metrics

Market capitalisation, EUR	13,740.95 m
EPS, EUR	34.55
P/B ratio	6.37
P/E ratio	19.46
Dividend yield	1.09%

Income statement (2024)

Revenue, EUR	4,625.70 m
Net income, EUR	797.45 m
Profit margin	17.24%

What ETF is Carlisle Cos in?

There are 180 ETFs which contain Carlisle Cos. All of these ETFs are listed in the table below. The ETF with the largest weighting of Carlisle Cos is the Global X U.S. Infrastructure Development UCITS ETF USD Distributing.

ETF	Weight	Investment focus	Fund size (in m EUR)
UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (hedged to EUR) A-acc	0.07%	Equity United States Multi-Factor Strategy	7
Ossiam Bloomberg USA PAB UCITS ETF 1A (EUR)	0.03%	Equity United States Social/Environmental Climate Change	499
UBS ETF (IE) MSCI World UCITS ETF (USD) A-acc	0.02%	Equity World	1,647
WisdomTree Global Quality Dividend Growth UCITS ETF USD (Inst) Dist	0.01%	Equity World Fundamental/Quality	598
UBS ETF (IE) MSCI World UCITS ETF (hedged to CHF) A-acc	0.02%	Equity World	294
Xtrackers MSCI USA Screened UCITS ETF 1C	0.03%	Equity United States Social/Environmental	118
iShares MSCI USA Mid-Cap Equal Weight UCITS ETF USD (Acc)	0.23%	Equity United States Mid Cap	258
Deka MSCI USA Climate Change ESG UCITS ETF	0.01%	Equity United States Social/Environmental Climate Change	518
Invesco MSCI World Equal Weight UCITS ETF Acc	0.04%	Equity World Equal Weighted	332
iShares Core MSCI World UCITS ETF USD (Dist)	0.02%	Equity World	354
SPDR S&P U.S. Dividend Aristocrats UCITS ETF EUR Hedged (Dist)	0.37%	Equity United States Dividend	41
Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc	0.11%	Equity World Social/Environmental Climate Change	15
Invesco MSCI USA ESG Universal Screened UCITS ETF Acc	0.03%	Equity United States Social/Environmental	2,274
SPDR S&P US Dividend Aristocrats UCITS ETF	0.37%	Equity United States Dividend	2,964
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF CHF Hedged (acc)	0.02%	Equity World Social/Environmental	1
iShares MSCI USA ESG Enhanced CTB UCITS ETF USD (Dist)	0.01%	Equity United States Social/Environmental	8,281
Invesco Global Buyback Achievers UCITS ETF	0.32%	Equity World Buyback	63
WisdomTree US Quality Dividend Growth UCITS ETF USD	0.06%	Equity United States Fundamental/Quality	127
UBS ETF (IE) MSCI USA UCITS ETF (USD) A-UKdis	0.03%	Equity United States	42
UBS ETF (IE) MSCI USA NSL UCITS ETF (USA) A-acc	0.03%	Equity United States	2,020
HSBC MSCI USA UCITS ETF USD	0.03%	Equity United States	34
UBS ETF (IE) MSCI World UCITS ETF (USD) A-dis	0.02%	Equity World	477
WisdomTree Global Quality Dividend Growth UCITS ETF EUR Hedged Acc	0.01%	Equity World Fundamental/Quality	5
UBS ETF (LU) MSCI World UCITS ETF (USD) A-dis	0.02%	Equity World	1,102
JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	0.02%	Equity World Social/Environmental	1,309
iShares MSCI USA ESG Enhanced CTB UCITS ETF EUR Hedged (Acc)	0.01%	Equity United States Social/Environmental	500
SPDR S&P U.S. Dividend Aristocrats Screened UCITS ETF USD Unhedged (Dist)	0.39%	Equity United States Dividend	27
SPDR MSCI All Country World Investable Market UCITS ETF (Acc)	0.00%	Equity World	2,579
Deka MSCI World Climate Change ESG UCITS ETF	0.03%	Equity World Social/Environmental Climate Change	1,021
Xtrackers MSCI AC World Screened UCITS ETF 2C - EUR Hedged	0.02%	Equity World Social/Environmental	41
UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis	0.07%	Equity United States Value	503
Amundi MSCI USA UCITS ETF Acc	0.02%	Equity United States	1,026
Amundi MSCI World Catholic Principles UCITS ETF Acc	0.06%	Equity World Social/Environmental	56
iShares MSCI USA Screened UCITS ETF USD (Dist)	0.03%	Equity United States Social/Environmental	936
Vanguard ESG Global All Cap UCITS ETF (USD) Distributing	0.02%	Equity World Social/Environmental	389
SPDR MSCI World UCITS ETF	0.02%	Equity World	9,053
Franklin U.S. Equity UCITS ETF	0.11%	Equity United States Multi-Factor Strategy	34
Global X U.S. Infrastructure Development UCITS ETF USD Accumulating	1.16%	Equity United States Infrastructure	383
SPDR MSCI All Country World Investable Market UCITS ETF (Dist)	0.00%	Equity World	25
Goldman Sachs ActiveBeta® US Large Cap Equity UCITS ETF CLASS USD (Acc.)	0.09%	Equity United States Multi-Factor Strategy	124
Deka MSCI World UCITS ETF Distribution	0.02%	Equity World	2,982
Invesco FTSE RAFI US 1000 UCITS ETF	0.02%	Equity United States Fundamental/Quality	414
Invesco MSCI USA Universal Screened UCITS ETF Dist	0.03%	Equity United States Social/Environmental	31
UBS ETF (IE) MSCI ACWI ESG Universal UCITS ETF (hedged to EUR) A-acc	0.02%	Equity World Social/Environmental	369
UBS ETF (IE) S&P USA Dividend Aristocrats ESG Elite UCITS ETF (USD) A-dis	0.57%	Equity United States Dividend	8
SPDR MSCI All Country World UCITS ETF USD Hedged (Acc)	0.02%	Equity World	60
UBS ETF (IE) MSCI USA hedged EUR UCITS ETF (EUR) A-acc	0.03%	Equity United States	240
Xtrackers MSCI World UCITS ETF 2C - EUR Hedged	0.02%	Equity World	153
SPDR MSCI World UCITS ETF GBP Hedged (Dist)	0.02%	Equity World	135
Xtrackers MSCI World Screened UCITS ETF 1D	0.02%	Equity World Social/Environmental	110
Xtrackers MSCI World UCITS ETF 1D	0.02%	Equity World	3,450
Xtrackers MSCI World ESG UCITS ETF 1C	0.05%	Equity World Social/Environmental	3,962
Xtrackers MSCI AC World Screened UCITS ETF 1C	0.02%	Equity World Social/Environmental	2,999
L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating	0.05%	Equity United States Social/Environmental Climate Change	135
JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF GBP Hedged (acc)	0.02%	Equity World Social/Environmental	325
Xtrackers MSCI World Climate Transition UCITS ETF	0.02%	Equity World Social/Environmental Climate Change	23
Ossiam US ESG Low Carbon Equity Factors UCITS ETF 1A (USD)	0.10%	Equity United States Multi-Factor Strategy Climate Change	18
UBS ETF (IE) MSCI USA UCITS ETF (USD) A-acc	0.03%	Equity United States	1,323
iShares MSCI World Screened UCITS ETF USD (Dist)	0.02%	Equity World Social/Environmental	570
Xtrackers MSCI USA ESG UCITS ETF 2C - EUR Hedged	0.07%	Equity United States Social/Environmental	59
SPDR MSCI World Industrials UCITS ETF	0.21%	Equity World Industrials	82
iShares MSCI USA ESG Enhanced CTB UCITS ETF USD (Acc)	0.01%	Equity United States Social/Environmental	6,630
UBS ETF (IE) MSCI ACWI ESG Universal UCITS ETF (USD) A-dis	0.02%	Equity World Social/Environmental	1,419
HSBC MSCI World UCITS ETF CHF hedged	0.02%	Equity World	55
HSBC MSCI World UCITS ETF EUR Hedged (Acc)	0.02%	Equity World	330
Amundi MSCI USA ESG Broad Transition UCITS ETF Dist	0.01%	Equity United States Social/Environmental Climate Change	2,183
Xtrackers MSCI World ESG UCITS ETF 1D	0.05%	Equity World Social/Environmental	262
iShares MSCI World Mid-Cap Equal Weight UCITS ETF USD (Acc)	0.09%	Equity World Mid Cap	240
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.02%	Equity World Social/Environmental	2
UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-acc	0.07%	Equity United States Multi-Factor Strategy	77
Amundi MSCI World UCITS ETF DR - USD (D)	0.03%	Equity World	820
JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)	0.02%	Equity World Social/Environmental	218
iShares MSCI World Screened UCITS ETF USD (Acc)	0.02%	Equity World Social/Environmental	3,428
iShares MSCI World CHF Hedged UCITS ETF (Acc)	0.02%	Equity World	1,232
WisdomTree Global Quality Dividend Growth UCITS ETF GBP Hedged Dist	0.01%	Equity World Fundamental/Quality	1
Amundi MSCI USA Ex Mega Cap UCITS ETF Acc	0.07%	Equity United States	36
UBS ETF (IE) MSCI ACWI ESG Universal UCITS ETF (hedged to GBP) A-acc	0.02%	Equity World Social/Environmental	150
Amundi MSCI USA UCITS ETF Dist	0.02%	Equity United States	-
Amundi MSCI North America ESG Broad Transition UCITS ETF Acc	0.01%	Equity North America Social/Environmental Climate Change	493
Invesco MSCI USA ESG Climate Paris Aligned UCITS ETF Acc	0.30%	Equity United States Social/Environmental Climate Change	333
Xtrackers MSCI World Industrials UCITS ETF 1C	0.20%	Equity World Industrials	363
UBS ETF (IE) MSCI ACWI ESG Universal UCITS ETF (hedged to JPY) A-acc	0.02%	Equity World Social/Environmental	92
iShares Russell 1000 Value UCITS ETF USD (Acc)	0.05%	Equity United States Value	108
JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF EUR Hedged (acc)	0.02%	Equity World Social/Environmental	690
Xtrackers MSCI USA Industrials UCITS ETF 1D	0.35%	Equity United States Industrials	361
Ossiam US ESG Low Carbon Equity Factors UCITS ETF 1A (EUR)	0.10%	Equity United States Multi-Factor Strategy Climate Change	3
Xtrackers MSCI USA Screened UCITS ETF 2C - EUR Hedged	0.03%	Equity United States Social/Environmental	3
JPMorgan BetaBuilders US Small Cap Equity UCITS ETF USD (acc)	0.29%	Equity United States Small Cap	66
iShares MSCI World UCITS ETF (Dist)	0.02%	Equity World	6,136
Rize USA Environmental Impact UCITS ETF USD Acc	0.85%	Equity United States Social/Environmental Climate Change	8
iShares Core MSCI World UCITS ETF EUR Hedged (Dist)	0.02%	Equity World	953
Amundi MSCI World ESG Broad Transition UCITS ETF Dist	0.01%	Equity World Social/Environmental Climate Change	261
iShares MSCI World Industrials Sector Advanced UCITS ETF USD (Dist)	0.06%	Equity World Industrials Social/Environmental	56
UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis	0.07%	Equity United States Multi-Factor Strategy	27
HSBC MSCI World UCITS ETF USD (Acc)	0.02%	Equity World	672
Xtrackers MSCI USA UCITS ETF 1D	0.03%	Equity United States	101
WisdomTree US Quality Dividend Growth UCITS ETF - GBP Hedged	0.06%	Equity United States Fundamental/Quality	1
Ossiam Bloomberg World PAB UCITS ETF 1A (EUR)	0.04%	Equity World Social/Environmental Climate Change	99
HSBC MSCI World UCITS ETF USD	0.02%	Equity World	9,331
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Distributing	0.03%	Equity World Multi-Factor Strategy	81
iShares MSCI World ESG Enhanced CTB UCITS ETF USD (Acc)	0.01%	Equity World Social/Environmental	3,566
iShares MSCI North America UCITS ETF	0.03%	Equity North America	902
Xtrackers MSCI World UCITS ETF 3C - CHF Hedged	0.02%	Equity World	38
Amundi Russell 1000 Growth UCITS ETF Acc	0.01%	Equity United States Growth	536
BNP Paribas Easy Sustainable World UCITS ETF EUR Capitalisation	0.02%	Equity World Social/Environmental	16
Invesco MSCI World ESG Universal Screened UCITS ETF Acc	0.02%	Equity World Social/Environmental	169
WisdomTree Global Quality Dividend Growth UCITS ETF USD	0.01%	Equity World Fundamental/Quality	288
UBS ETF (IE) MSCI ACWI ESG Universal UCITS ETF (hedged to CHF) A-dis	0.02%	Equity World Social/Environmental	73
Xtrackers MSCI AC World Screened UCITS ETF 5C - USD Hedged	0.02%	Equity World Social/Environmental	2
UBS ETF (IE) MSCI World UCITS ETF (hedged to GBP) A-dis	0.02%	Equity World	41
iShares Russell 1000 Growth UCITS ETF USD (Acc)	0.01%	Equity United States Growth	229
UBS ETF (IE) MSCI ACWI ESG Universal UCITS ETF (hedged to CHF) A-acc	0.02%	Equity World Social/Environmental	786
iShares MSCI ACWI UCITS ETF USD (Acc)	0.02%	Equity World	15,179
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.02%	Equity World Social/Environmental	13
Ossiam Bloomberg USA PAB UCITS ETF 1A (EUR Hedged)	0.03%	Equity United States Social/Environmental Climate Change	8
Xtrackers MSCI USA UCITS ETF 1C	0.03%	Equity United States	7,359
UBS ETF (IE) MSCI World UCITS ETF (hedged to EUR) A-acc	0.02%	Equity World	9
UBS ETF (IE) MSCI USA hedged EUR UCITS ETF (EUR) A-dis	0.03%	Equity United States	89
UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (hedged to CHF) A-acc	0.07%	Equity United States Multi-Factor Strategy	23
SPDR MSCI All Country World UCITS ETF EUR Hedged (Acc)	0.02%	Equity World	415
Xtrackers MSCI World ESG UCITS ETF 2C EUR Hedged	0.05%	Equity World Social/Environmental	396
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR Hedged (acc)	0.02%	Equity World Social/Environmental	2
iShares Core MSCI World UCITS ETF GBP Hedged (Dist)	0.02%	Equity World	757
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Accumulating	0.03%	Equity World Multi-Factor Strategy	474
UBS ETF (IE) MSCI USA hedged CHF UCITS ETF (CHF) A-acc	0.03%	Equity United States	274
Vanguard ESG North America All Cap UCITS ETF (USD) Distributing	0.03%	Equity North America Social/Environmental	22
Amundi MSCI World UCITS ETF Acc	0.03%	Equity World	7,698
iShares MSCI World EUR Hedged UCITS ETF (Acc)	0.02%	Equity World	3,428
Invesco Dow Jones Islamic Global Developed Markets UCITS ETF Acc	0.03%	Equity World Islamic Investing	705
Deka MSCI USA UCITS ETF	0.03%	Equity United States	284
WisdomTree US Quality Dividend Growth UCITS ETF USD Acc	0.06%	Equity United States Fundamental/Quality	379
JPMorgan Global Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	0.02%	Equity World Social/Environmental	5,123
iShares Edge MSCI USA Momentum Factor UCITS ETF USD (Dist)	0.10%	Equity United States Momentum	8
iShares MSCI World Climate Transition Aware UCITS ETF USD (Acc)	0.04%	Equity World Social/Environmental Climate Change	5
UBS ETF (IE) S&P USA Dividend Aristocrats ESG Elite UCITS ETF (hedged to EUR) A-dis	0.57%	Equity United States Dividend	0
iShares MSCI USA Screened UCITS ETF USD (Acc)	0.03%	Equity United States Social/Environmental	8,901
Deka MSCI USA MC UCITS ETF	0.24%	Equity United States Mid Cap	46
UBS ETF (IE) MSCI USA UCITS ETF (hedged to GBP) A-acc	0.03%	Equity United States	21
JPMorgan Climate Change Solutions UCITS ETF USD (Acc)	1.02%	Equity World Social/Environmental Climate Change	57
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)	0.06%	Equity World Momentum	2,182
Xtrackers MSCI World UCITS ETF 2D - GBP Hedged	0.02%	Equity World	355
Amundi MSCI USA ESG Broad Transition UCITS ETF Acc	0.01%	Equity United States Social/Environmental Climate Change	1,882
Xtrackers MSCI USA ESG UCITS ETF 1D	0.07%	Equity United States Social/Environmental	121
JPMorgan BetaBuilders US Small Cap Equity UCITS ETF USD (dist)	0.29%	Equity United States Small Cap	131
iShares Core MSCI World UCITS ETF USD (Acc)	0.02%	Equity World	81,143
Global X U.S. Infrastructure Development UCITS ETF USD Distributing	1.16%	Equity United States Infrastructure	14
Xtrackers MSCI World UCITS ETF 1C	0.02%	Equity World	12,251
iShares MSCI World Climate Transition Aware UCITS ETF USD (Dist)	0.04%	Equity World Social/Environmental Climate Change	2
iShares MSCI World GBP Hedged UCITS ETF (Acc)	0.02%	Equity World	334
Vanguard ESG North America All Cap UCITS ETF (USD) Accumulating	0.03%	Equity North America Social/Environmental	230
SPDR MSCI World UCITS ETF EUR Hedged (Acc)	0.02%	Equity World	338
Amundi MSCI World ESG Broad Transition UCITS ETF Acc	0.01%	Equity World Social/Environmental Climate Change	1,225
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (dist)	0.02%	Equity World Social/Environmental	15
UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis	0.03%	Equity United States	889
UBS ETF (IE) MSCI USA ESG Universal Low Carbon Select UCITS ETF (USD) A-acc	0.04%	Equity United States Social/Environmental Climate Change	2
iShares MSCI World Screened UCITS ETF GBP Hedged (Dist)	0.02%	Equity World Social/Environmental	52
UBS ETF (IE) MSCI ACWI ESG Universal UCITS ETF (hedged to USD) A-acc	0.02%	Equity World Social/Environmental	744
iShares MSCI USA ESG Enhanced CTB UCITS ETF GBP Hedged (Dist)	0.01%	Equity United States Social/Environmental	148
BNP Paribas Easy Sustainable World UCITS ETF USD Capitalisation	0.02%	Equity World Social/Environmental	10
iShares MSCI USA Screened UCITS ETF EUR Hedged (Acc)	0.03%	Equity United States Social/Environmental	152
Invesco MSCI USA ESG Universal Screened UCITS ETF GBP Hedged Acc	0.03%	Equity United States Social/Environmental	3
WisdomTree Global Quality Dividend Growth UCITS ETF USD Acc	0.01%	Equity World Fundamental/Quality	606
Amundi MSCI North America ESG Broad Transition UCITS ETF Dist	0.01%	Equity North America Social/Environmental Climate Change	26
iShares Edge MSCI USA Momentum Factor UCITS ETF	0.10%	Equity United States Momentum	416
SPDR MSCI All Country World UCITS ETF (Acc)	0.02%	Equity World	3,952
iShares MSCI USA Climate Transition Aware UCITS ETF USD (Acc)	0.02%	Equity United States Social/Environmental Climate Change	4
Xtrackers MSCI World Momentum UCITS ETF 1C	0.05%	Equity World Momentum	1,183
iShares MSCI USA UCITS ETF (Acc)	0.03%	Equity United States	1,575
Xtrackers MSCI USA UCITS ETF 3C CHF Hedged	0.03%	Equity United States	189
BNP Paribas Easy MSCI North America ESG Filtered Min TE UCITS ETF	0.01%	Equity North America Social/Environmental	838
Amundi MSCI World Climate Paris Aligned Umweltzeichen UCITS ETF DR	0.04%	Equity World Social/Environmental Climate Change	98
iShares MSCI USA Climate Transition Aware UCITS ETF USD (Dist)	0.02%	Equity United States Social/Environmental Climate Change	1
iShares MSCI World ESG Enhanced CTB UCITS ETF USD (Dist)	0.01%	Equity World Social/Environmental	770
SPDR S&P 400 US Mid Cap UCITS ETF	0.53%	Equity United States Mid Cap	3,918
Ossiam Bloomberg World PAB UCITS ETF 1A (USD)	0.04%	Equity World Social/Environmental Climate Change	2
Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	0.02%	Equity World Social/Environmental	466
Xtrackers MSCI USA ESG UCITS ETF 1C	0.07%	Equity United States Social/Environmental	6,180
WisdomTree US Quality Dividend Growth UCITS ETF - EUR Hedged Acc	0.06%	Equity United States Fundamental/Quality	5
UBS ETF (LU) MSCI USA UCITS ETF (USD) A-dis	0.03%	Equity United States	515
Xtrackers MSCI USA UCITS ETF 2C EUR Hedged	0.03%	Equity United States	310

Performance

Returns overview

YTD	-8.66%
1 month	+1.30%
3 months	-18.69%
6 months	-26.40%
1 year	-9.84%
3 years	-
5 years	-
Since inception (MAX)	+6.05%
2024	+18.61%
2023	+26.49%
2022	-
2021	-

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).