CEU2.L vs. PACW.L

Last updated Jun 6, 2026

CEU2.L (Amundi Core MSCI Europe UCITS ETF DR) and PACW.L (Amundi Prime All Country World UCITS ETF Income) are both exchange-traded funds - CEU2.L is a Europe Equities fund tracking the MSCI Europe Index, while PACW.L is a Global Equities fund tracking the Solactive GBS Global Markets Large & Mid Cap Index. Both are passively managed. CEU2.L charges 0.12%/yr vs 0.07%/yr for PACW.L.

Performance

CEU2.L vs. PACW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi Core MSCI Europe UCITS ETF DR (CEU2.L) and Amundi Prime All Country World UCITS ETF Income (PACW.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CEU2.L is traded in USD, while PACW.L is traded in GBP. To make them comparable, the PACW.L values have been converted to USD using the latest available exchange rates.

Returns By Period

CEU2.L

• 1D: -1.01%
• 1M: -1.11%
• YTD: 5.49%
• 6M: 8.57%
• 1Y: 16.45%
• 3Y*: 16.31%
• 5Y*: 8.70%
• 10Y*: —

PACW.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CEU2.L vs. PACW.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CEU2.L

CEU2.L Risk / Return Rank: 33
CEU2.L Sharpe Ratio Rank: 33
CEU2.L Sortino Ratio Rank: 33
CEU2.L Omega Ratio Rank: 33
CEU2.L Calmar Ratio Rank: 32
CEU2.L Martin Ratio Rank: 36

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.

CEU2.L vs. PACW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Core MSCI Europe UCITS ETF DR (CEU2.L) and Amundi Prime All Country World UCITS ETF Income (PACW.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.

	CEU2.L	PACW.L	Difference
Sharpe ratio: Return per unit of total volatility	1.07	—	—
Sortino ratio: Return per unit of downside risk	1.62	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.43	—	—
Martin ratio: Return relative to average drawdown	5.07	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CEU2.L	PACW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	—	—

Drawdowns

Drawdown Indicators

	CEU2.L	PACW.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.85%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.47%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.85%	—	—
Current Drawdown Current decline from peak	-2.57%	—	—
Average Drawdown Average peak-to-trough decline	-5.77%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	—	—

Volatility

Volatility by Period

	CEU2.L	PACW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.32%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.41%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.21%	—	—

CEU2.L vs. PACW.L - Expense Ratio Comparison

CEU2.L has a 0.12% expense ratio, which is higher than PACW.L's 0.07% 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

CEU2.L vs. PACW.L - Dividend Comparison

Neither CEU2.L nor PACW.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, CEU2.L or PACW.L?

On fees, PACW.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CEU2.L or PACW.L?

PACW.L is cheaper with a 0.07% expense ratio, compared with 0.12% for CEU2.L.

What is the main difference between CEU2.L and PACW.L?

CEU2.L is categorized as Europe Equities, while PACW.L is Global Equities. CEU2.L tracks MSCI Europe Index, while PACW.L tracks Solactive GBS Global Markets Large & Mid Cap Index. Their fees differ too: 0.12% for CEU2.L and 0.07% for PACW.L.