CEUG.L vs. MMS.L

Last updated Jun 5, 2026

CEUG.L (iShares MSCI EMU UCITS ETF GBP Hedged (Dist)) and MMS.L (Lyxor MSCI EMU Small Cap (DR) UCITS ETF - Dist) are both Europe Equities funds - CEUG.L tracks the MSCI Europe NR EUR while MMS.L tracks the MSCI EMU Small Cap NR EUR. Both are passively managed. CEUG.L charges 0.12%/yr vs 0.40%/yr for MMS.L.

Performance

CEUG.L vs. MMS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.L) and Lyxor MSCI EMU Small Cap (DR) UCITS ETF - Dist (MMS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CEUG.L

• 1D: 0.43%
• 1M: 4.93%
• YTD: 9.89%
• 6M: 11.74%
• 1Y: 20.38%
• 3Y*: 17.97%
• 5Y*: 12.03%
• 10Y*: —

MMS.L

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

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

CEUG.L vs. MMS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CEUG.L iShares MSCI EMU UCITS ETF GBP Hedged (Dist)	9.89%	26.75%	5.55%
MMS.L Lyxor MSCI EMU Small Cap (DR) UCITS ETF - Dist	0.00%	0.00%	0.00%

CEUG.L vs. MMS.L - Sectors Allocation Comparison

Sectors	CEUG.L	MMS.L
Financial Services	24.2%	16.9%
Industrials	21.4%	21.8%
Technology	14.6%	10.3%
Consumer Cyclical	8.3%	10.9%
Utilities	6.8%	3.4%
Healthcare	5.8%	7.7%
Consumer Defensive	5.6%	1.7%
Energy	4.2%	5.6%
Basic Materials	4.1%	5.9%
Communication Services	4.1%	3.0%
Real Estate	1.0%	12.8%

Return for Risk

CEUG.L vs. MMS.L — Risk / Return Rank

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

CEUG.L

CEUG.L Risk / Return Rank: 43
CEUG.L Sharpe Ratio Rank: 42
CEUG.L Sortino Ratio Rank: 43
CEUG.L Omega Ratio Rank: 43
CEUG.L Calmar Ratio Rank: 42
CEUG.L Martin Ratio Rank: 46

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.

CEUG.L vs. MMS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.L) and Lyxor MSCI EMU Small Cap (DR) UCITS ETF - Dist (MMS.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.

	CEUG.L	MMS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.44	—	—
Sortino ratio: Return per unit of downside risk	2.14	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.03	—	—
Martin ratio: Return relative to average drawdown	7.54	—	—
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

	CEUG.L	MMS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	—	—

Drawdowns

Drawdown Indicators

	CEUG.L	MMS.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.52%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.98%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.07%	—	—
Current Drawdown Current decline from peak	-0.12%	—	—
Average Drawdown Average peak-to-trough decline	-5.52%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	—	—

Volatility

Volatility by Period

	CEUG.L	MMS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.07%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.17%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.04%	—	—

CEUG.L vs. MMS.L - Expense Ratio Comparison

CEUG.L has a 0.12% expense ratio, which is lower than MMS.L's 0.40% expense ratio.

Dividends

CEUG.L vs. MMS.L - Dividend Comparison

CEUG.L's dividend yield for the trailing twelve months is around 2.35%, while MMS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CEUG.L iShares MSCI EMU UCITS ETF GBP Hedged (Dist)	2.35%	2.53%	2.80%	2.73%	2.84%	1.81%	1.77%	3.05%	0.38%
MMS.L Lyxor MSCI EMU Small Cap (DR) UCITS ETF - Dist	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, CEUG.L or MMS.L?

On fees, CEUG.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CEUG.L or MMS.L?

CEUG.L is cheaper with a 0.12% expense ratio, compared with 0.40% for MMS.L.

What is the main difference between CEUG.L and MMS.L?

CEUG.L tracks MSCI Europe NR EUR, while MMS.L tracks MSCI EMU Small Cap NR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for CEUG.L and 0.40% for MMS.L.