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BA.L vs. MEUD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BA.L vs. MEUD.L

Last updated Jun 13, 2026

BA.L (BAE Systems plc) is a stock, while MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) is Europe Equities fund tracking the MSCI Europe NR EUR. Over the past 10 years, BA.L returned 18.87%/yr vs 11.01%/yr for MEUD.L. At a 0.39 correlation, their price movements are largely independent.

Performance

BA.L vs. MEUD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in BAE Systems plc (BA.L) and Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BA.L achieves a 12.71% return, which is significantly higher than MEUD.L's 7.81% return. Over the past 10 years, BA.L has outperformed MEUD.L with an annualized return of 18.87%, while MEUD.L has yielded a comparatively lower 11.01% annualized return.

BA.L

1D
-1.62%
1M
-0.91%
YTD
12.71%
6M
13.60%
1Y
3.23%
3Y*
28.80%
5Y*
32.37%
10Y*
18.87%

MEUD.L

1D
1.76%
1M
3.68%
YTD
7.81%
6M
9.49%
1Y
19.78%
3Y*
14.48%
5Y*
9.92%
10Y*
11.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BA.L vs. MEUD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BA.L
BAE Systems plc		12.71%52.12%5.88%33.31%60.92%17.57%-9.28%28.43%-16.75%0.30%
MEUD.L
Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc		7.81%26.51%3.65%13.48%-5.04%17.06%3.85%20.40%-9.59%15.43%

Correlation

The correlation between BA.L and MEUD.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (10Y)
Calculated over the trailing 10-year period

0.34

Correlation (All Time)
Calculated using the full available price history since Apr 3, 2013

0.39

Over the past year, the correlation between BA.L and MEUD.L has dropped to 0.17 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.

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BAE Systems plc

Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc

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Often compared with MEUD.L:
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Return for Risk

BA.L vs. MEUD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BA.L
BA.L Risk / Return Rank: 4444
Overall Rank
BA.L Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
BA.L Sortino Ratio Rank: 4040
Sortino Ratio Rank
BA.L Omega Ratio Rank: 4040
Omega Ratio Rank
BA.L Calmar Ratio Rank: 4646
Calmar Ratio Rank
BA.L Martin Ratio Rank: 4646
Martin Ratio Rank
MEUD.L
MEUD.L Risk / Return Rank: 5050
Overall Rank
MEUD.L Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
MEUD.L Sortino Ratio Rank: 5353
Sortino Ratio Rank
MEUD.L Omega Ratio Rank: 5656
Omega Ratio Rank
MEUD.L Calmar Ratio Rank: 4343
Calmar Ratio Rank
MEUD.L Martin Ratio Rank: 4646
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BA.L vs. MEUD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BAE Systems plc (BA.L) and Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

BA.LMEUD.LDifference
Sharpe ratioReturn per unit of total volatility
0.11
1.60

-1.49

Sortino ratioReturn per unit of downside risk
0.36
2.27

-1.91

Omega ratioGain probability vs. loss probability

1.04

1.30

-0.26

Calmar ratioReturn relative to maximum drawdown

0.15

1.87

-1.72

Martin ratioReturn relative to average drawdown

0.33

6.77

-6.44

BA.L vs. MEUD.L - Sharpe Ratio Comparison

The current BA.L Sharpe Ratio is 0.11, which is lower than the MEUD.L Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of BA.L and MEUD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BA.L vs. MEUD.L - Drawdown Comparison

The maximum BA.L drawdown since its inception was -43.67%, which is greater than MEUD.L's maximum drawdown of -28.57%. Use the drawdown chart below to compare losses from any high point for BA.L and MEUD.L.

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Drawdown Indicators

BA.LMEUD.LDifference

Max Drawdown

Largest peak-to-trough decline

-43.67%

-28.57%

-15.10%

Max Drawdown (1Y)

Largest decline over 1 year

-21.30%

-10.53%

-10.77%

Max Drawdown (3Y)

Largest decline over 3 years

-21.30%

-12.61%

-8.69%

Max Drawdown (5Y)

Largest decline over 5 years

-21.30%

-17.09%

-4.21%

Max Drawdown (10Y)

Largest decline over 10 years

-37.80%

-28.57%

-9.23%

Current Drawdown

Current decline from peak

-17.12%

-0.20%

-16.92%

Average Drawdown

Average peak-to-trough decline

-12.74%

-6.89%

-5.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.84%

2.92%

+6.92%

Volatility

BA.L vs. MEUD.L - Volatility Comparison

BAE Systems plc (BA.L) has a higher volatility of 8.48% compared to Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) at 3.54%. This indicates that BA.L's price experiences larger fluctuations and is considered to be riskier than MEUD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BA.LMEUD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.48%

3.54%

+4.94%

Volatility (6M)

Calculated over the trailing 6-month period

23.43%

10.39%

+13.04%

Volatility (1Y)

Calculated over the trailing 1-year period

29.85%

12.31%

+17.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.82%

16.02%

+9.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.07%

16.93%

+8.14%

Dividends

BA.L vs. MEUD.L - Dividend Comparison

BA.L's dividend yield for the trailing twelve months is around 1.90%, while MEUD.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
BA.L
BAE Systems plc		1.90%1.99%2.69%2.53%2.99%4.40%4.75%4.00%4.79%3.75%3.57%4.14%
MEUD.L
Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

BA.L and MEUD.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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