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CACX.L vs. CMU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CACX.L vs. CMU.L

Last updated Jun 5, 2026

CACX.L (Lyxor CAC 40 (DR) UCITS ETF - Dist) and CMU.L (Amundi ETF MSCI EMU ESG Leaders Select) are both Europe Equities funds from Amundi - CACX.L tracks the Euronext Paris CAC 40 NR EUR while CMU.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, CACX.L returned 10.55%/yr vs 10.79%/yr for CMU.L. Their correlation of 0.95 suggests significant overlap in exposure. CACX.L charges 0.25%/yr vs 0.15%/yr for CMU.L.

Performance

CACX.L vs. CMU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L) and Amundi ETF MSCI EMU ESG Leaders Select (CMU.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, CACX.L achieves a 2.53% return, which is significantly lower than CMU.L's 15.89% return. Both investments have delivered pretty close results over the past 10 years, with CACX.L having a 10.55% annualized return and CMU.L not far ahead at 10.79%.

CACX.L

1D
0.84%
1M
3.20%
YTD
2.53%
6M
2.64%
1Y
11.49%
3Y*
7.70%
5Y*
8.00%
10Y*
10.55%

CMU.L

1D
0.33%
1M
8.13%
YTD
15.89%
6M
17.12%
1Y
29.56%
3Y*
16.11%
5Y*
10.52%
10Y*
10.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CACX.L vs. CMU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CACX.L
Lyxor CAC 40 (DR) UCITS ETF - Dist		2.53%19.60%-4.39%16.83%-0.56%22.14%0.79%23.85%-7.71%17.11%
CMU.L
Amundi ETF MSCI EMU ESG Leaders Select		15.89%25.71%1.42%14.39%-5.30%13.03%4.59%19.05%-11.56%17.21%

Correlation

The correlation between CACX.L and CMU.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.88

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

0.93

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

0.94

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

0.95

Correlation (All Time)
Calculated using the full available price history since Aug 28, 2014

0.95

The correlation between CACX.L and CMU.L has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.

CACX.L vs. CMU.L - Sectors Allocation Comparison

Sectors
CACX.L
CMU.L

Industrials

34.9%
15.7%

Financial Services

15.4%
21.8%

Consumer Cyclical

14.9%
10.1%

Energy

9.6%
0.0%

Healthcare

9.5%
4.2%

Consumer Defensive

5.0%
5.2%

Technology

4.0%
30.8%

Communication Services

3.2%
2.3%

Basic Materials

2.4%
2.8%

Real Estate

0.7%
1.3%

Utilities

0.5%
5.8%

Industrials

CACX.L
34.9%
CMU.L
15.7%

Financial Services

CACX.L
15.4%
CMU.L
21.8%

Consumer Cyclical

CACX.L
14.9%
CMU.L
10.1%

Energy

CACX.L
9.6%
CMU.L
0.0%

Healthcare

CACX.L
9.5%
CMU.L
4.2%

Consumer Defensive

CACX.L
5.0%
CMU.L
5.2%

Technology

CACX.L
4.0%
CMU.L
30.8%

Communication Services

CACX.L
3.2%
CMU.L
2.3%

Basic Materials

CACX.L
2.4%
CMU.L
2.8%

Real Estate

CACX.L
0.7%
CMU.L
1.3%

Utilities

CACX.L
0.5%
CMU.L
5.8%

Compare stocks, funds, or ETFs

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Lyxor CAC 40 (DR) UCITS ETF - Dist

Amundi ETF MSCI EMU ESG Leaders Select

Often compared with CACX.L:
CACX.L vs. SPYCACX.L vs. AI.PACACX.L vs. XDAX.LCACX.L vs. QQQCACX.L vs. V50A.DECACX.L vs. BRK-BCACX.L vs. VOO
Often compared with CMU.L:
CMU.L vs. CEUR.LCMU.L vs. GLDCMU.L vs. UB06.LCMU.L vs. FLXD.LCMU.L vs. 100D.LCMU.L vs. 500G.LCMU.L vs. 500U.L

Return for Risk

CACX.L vs. CMU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CACX.L
CACX.L Risk / Return Rank: 2323
Overall Rank
CACX.L Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
CACX.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
CACX.L Omega Ratio Rank: 2424
Omega Ratio Rank
CACX.L Calmar Ratio Rank: 2222
Calmar Ratio Rank
CACX.L Martin Ratio Rank: 2323
Martin Ratio Rank
CMU.L
CMU.L Risk / Return Rank: 5858
Overall Rank
CMU.L Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
CMU.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
CMU.L Omega Ratio Rank: 6161
Omega Ratio Rank
CMU.L Calmar Ratio Rank: 5252
Calmar Ratio Rank
CMU.L Martin Ratio Rank: 5656
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.

CACX.L vs. CMU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L) and Amundi ETF MSCI EMU ESG Leaders Select (CMU.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.

CACX.LCMU.LDifference
Sharpe ratioReturn per unit of total volatility
0.79
1.98

-1.19

Sortino ratioReturn per unit of downside risk
1.18
2.79

-1.61

Omega ratioGain probability vs. loss probability

1.15

1.37

-0.21

Calmar ratioReturn relative to maximum drawdown

0.97

2.58

-1.61

Martin ratioReturn relative to average drawdown

2.95

9.67

-6.72

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CACX.L vs. CMU.L - Sharpe Ratio Comparison

The current CACX.L Sharpe Ratio is 0.79, which is lower than the CMU.L Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of CACX.L and CMU.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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Sharpe Ratios by Period

CACX.LCMU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.79

1.98

-1.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

0.66

-0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

0.65

-0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.49

+0.03

Drawdowns

CACX.L vs. CMU.L - Drawdown Comparison

The maximum CACX.L drawdown since its inception was -32.83%, roughly equal to the maximum CMU.L drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for CACX.L and CMU.L.

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Drawdown Indicators

CACX.LCMU.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.83%

-32.53%

-0.30%

Max Drawdown (1Y)

Largest decline over 1 year

-11.81%

-11.43%

-0.38%

Max Drawdown (3Y)

Largest decline over 3 years

-14.77%

-11.95%

-2.82%

Max Drawdown (5Y)

Largest decline over 5 years

-19.36%

-21.11%

+1.75%

Max Drawdown (10Y)

Largest decline over 10 years

-32.83%

-31.41%

-1.42%

Current Drawdown

Current decline from peak

-3.61%

-0.18%

-3.43%

Average Drawdown

Average peak-to-trough decline

-5.30%

-5.80%

+0.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.89%

3.05%

+0.84%

Volatility

CACX.L vs. CMU.L - Volatility Comparison

The current volatility for Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L) is 4.87%, while Amundi ETF MSCI EMU ESG Leaders Select (CMU.L) has a volatility of 5.34%. This indicates that CACX.L experiences smaller price fluctuations and is considered to be less risky than CMU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CACX.LCMU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.87%

5.34%

-0.47%

Volatility (6M)

Calculated over the trailing 6-month period

11.20%

12.44%

-1.24%

Volatility (1Y)

Calculated over the trailing 1-year period

14.50%

14.86%

-0.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.71%

16.00%

+0.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.62%

16.78%

+0.84%

CACX.L vs. CMU.L - Expense Ratio Comparison

CACX.L has a 0.25% expense ratio, which is higher than CMU.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CACX.L vs. CMU.L - Dividend Comparison

CACX.L's dividend yield for the trailing twelve months is around 2.83%, while CMU.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CACX.L
Lyxor CAC 40 (DR) UCITS ETF - Dist		2.83%2.90%3.00%2.78%2.54%1.95%1.66%3.03%3.70%2.94%3.49%3.46%
CMU.L
Amundi ETF MSCI EMU ESG Leaders Select		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

CACX.L and CMU.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CMU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CMU.L is cheaper with a 0.15% expense ratio, compared with 0.25% for CACX.L.

CACX.L tracks Euronext Paris CAC 40 NR EUR, while CMU.L tracks MSCI EMU NR EUR. Their fees differ too: 0.25% for CACX.L and 0.15% for CMU.L.

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