CE71.L vs. LCWL.L
CE71.L (iShares Euro Government Bond 3-7yr UCITS ETF (Acc)) and LCWL.L (Lyxor Core MSCI World (DR) UCITS ETF) are both exchange-traded funds - CE71.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while LCWL.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. At a 0.10 correlation, their price movements are largely independent. CE71.L charges 0.15%/yr vs 0.12%/yr for LCWL.L.
Performance
CE71.L vs. LCWL.L - Performance Comparison
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Different Trading Currencies
CE71.L is traded in GBp, while LCWL.L is traded in GBP. To make them comparable, the LCWL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
CE71.L
- 1D
- 0.20%
- 1M
- 0.75%
- YTD
- -1.10%
- 6M
- -1.03%
- 1Y
- 3.12%
- 3Y*
- 2.91%
- 5Y*
- -0.55%
- 10Y*
- 1.36%
LCWL.L
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CE71.L vs. LCWL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CE71.L iShares Euro Government Bond 3-7yr UCITS ETF (Acc) | -1.10% | 7.79% | -2.51% | 3.91% | -7.07% | -8.68% | 8.08% | -2.38% | 0.93% |
LCWL.L Lyxor Core MSCI World (DR) UCITS ETF | 0.00% | 3.27% | 21.01% | 17.50% | -9.07% | 24.30% | 12.00% | 22.96% | 1.59% |
Correlation
The correlation between CE71.L and LCWL.L is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018 | 0.10 |
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Return for Risk
CE71.L vs. LCWL.L — Risk / Return Rank
CE71.L
LCWL.L
CE71.L vs. LCWL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 3-7yr UCITS ETF (Acc) (CE71.L) and Lyxor Core MSCI World (DR) UCITS ETF (LCWL.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.
| CE71.L | LCWL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.11 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | — | — |
| Martin ratioReturn relative to average drawdown | 1.76 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CE71.L | LCWL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | — | — |
Drawdowns
CE71.L vs. LCWL.L - Drawdown Comparison
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Drawdown Indicators
| CE71.L | LCWL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.41% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -4.18% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.10% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.41% | — | — |
Current DrawdownCurrent decline from peak | -9.79% | — | — |
Average DrawdownAverage peak-to-trough decline | -10.39% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | — | — |
Volatility
CE71.L vs. LCWL.L - Volatility Comparison
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Volatility by Period
| CE71.L | LCWL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.25% | — | — |
CE71.L vs. LCWL.L - Expense Ratio Comparison
CE71.L has a 0.15% expense ratio, which is higher than LCWL.L's 0.12% 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
CE71.L vs. LCWL.L - Dividend Comparison
Neither CE71.L nor LCWL.L has paid dividends to shareholders.
Frequently Asked Questions
CE71.L and LCWL.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LCWL.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCWL.L is cheaper with a 0.12% expense ratio, compared with 0.15% for CE71.L.
CE71.L is categorized as European Government Bonds, while LCWL.L is Global Equities. CE71.L tracks Bloomberg Euro Agg Govt TR EUR, while LCWL.L tracks MSCI ACWI NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for CE71.L and 0.12% for LCWL.L.
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