- Issuer
- L&G
- Inception Date
- Aug 30, 2019
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
RIEU.L Performance Chart
L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF (RIEU.L) is up 8.6% since the beginning of the year. RIEU.L is currently trading at €20 per share. Investors who bought €1,000 worth of RIEU.L shares 5 years ago would now be looking at an investment worth €1,492.
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Returns By Period
L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF (RIEU.L) has returned 8.55% so far this year and 16.21% over the past 12 months.
L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF
- 1D
- -0.50%
- 1M
- 1.30%
- 6M
- 5.51%
- YTD
- 8.55%
- 1Y
- 16.21%
- 3Y*
- 12.73%
- 5Y*
- 8.33%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.09%
- 1M
- 1.27%
- 6M
- 10.98%
- YTD
- 13.27%
- 1Y
- 22.64%
- 3Y*
- 18.04%
- 5Y*
- 12.49%
- 10Y*
- 12.92%
RIEU.L Monthly Returns History
Based on dividend-adjusted daily data since Aug 30, 2019, RIEU.L's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +13.4%, while the worst month was Mar 2020 at -14.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, RIEU.L closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +7.5%, while the worst single day was Mar 16, 2020 at -7.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.94% | 5.06% | -8.61% | 5.10% | 1.92% | 3.25% | -0.70% | 8.55% | |||||
| 2025 | 6.79% | 3.48% | -3.36% | -1.56% | 4.08% | -1.81% | 0.18% | 1.01% | 1.36% | 1.92% | 1.03% | 1.86% | 15.57% |
| 2024 | 1.96% | 2.27% | 3.36% | -1.69% | 3.84% | -0.51% | 1.67% | 1.64% | 0.12% | -3.84% | 0.97% | -0.45% | 9.47% |
| 2023 | 6.54% | 1.53% | 0.43% | 2.28% | -1.83% | 2.25% | 1.74% | -2.78% | -2.35% | -4.20% | 7.13% | 4.32% | 15.33% |
| 2022 | -4.91% | -3.75% | 0.89% | -1.45% | -1.62% | -7.06% | 8.34% | -5.64% | -6.61% | 5.69% | 6.91% | -2.35% | -12.34% |
| 2021 | -0.85% | 2.29% | 6.57% | 2.60% | 2.99% | 1.15% | 2.11% | 2.04% | -3.48% | 4.61% | -2.40% | 5.26% | 24.84% |
Benchmark Metrics
L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF has an annualized alpha of 5.08%, beta of 0.36, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since August 30, 2019.
- This ETF participated in 82.52% of S&P 500 Index downside but only 70.18% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.36 may look defensive, but with R2 of 0.19 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.19 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.08%
- Beta
- 0.36
- R²
- 0.19
- Upside Capture
- 70.18%
- Downside Capture
- 82.52%
Expense Ratio
RIEU.L has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
RIEU.L ranks 43 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF (RIEU.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RIEU.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 3.01 | -1.38 |
| Martin ratioReturn relative to average drawdown | 5.67 | 11.10 | -5.43 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF was 34.22%, occurring on Mar 18, 2020. Recovery took 230 trading sessions.
The current L&G MSCI Europe Select UCITS ETF - EUR Accumulating ETF drawdown is 2.14%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-34.22%Mar 2020 | 27d | 11mo 4d | 12mo 1dFeb 2020 - Feb 2021 | COVID crash2020 |
-22.82%Sep 2022 | 8mo 26d | 1y 3mo | 2y 19dJan 2022 - Jan 2024 | Bear market2022 |
-16.18%Apr 2025 | 1mo 6d | 5mo 26d | 7mo 2dMar 2025 - Oct 2025 | 2025 selloff2025 |
-10.20%Mar 2026 | 18d | 3mo 4d | 3mo 22dMar 2026 - Jun 2026 | — |
-7.17%Aug 2024 | 21d | 24d | 1mo 15dJul 2024 - Aug 2024 | — |
Drawdown Indicators
| RIEU.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.22% | -51.17% | +16.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.20% | -7.57% | -2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -23.99% | +7.81% |
Max Drawdown (5Y)Largest decline over 5 years | -22.82% | -23.99% | +1.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -2.14% | -0.52% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -8.90% | +3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.04% | +0.88% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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