CEUR.L vs. MEUD.L

Last updated Jun 5, 2026

CEUR.L (Amundi MSCI Europe) and MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) are both Europe Equities funds from Amundi tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, CEUR.L returned 9.88%/yr vs 10.28%/yr for MEUD.L. With a 0.98 correlation, they move nearly in lockstep. CEUR.L charges 0.05%/yr vs 0.15%/yr for MEUD.L.

Performance

CEUR.L vs. MEUD.L - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with CEUR.L having a 6.66% return and MEUD.L slightly lower at 6.58%. Both investments have delivered pretty close results over the past 10 years, with CEUR.L having a 9.88% annualized return and MEUD.L not far ahead at 10.28%.

CEUR.L

• 1D: 0.46%
• 1M: 3.94%
• YTD: 6.66%
• 6M: 8.98%
• 1Y: 19.26%
• 3Y*: 13.68%
• 5Y*: 9.47%
• 10Y*: 9.88%

MEUD.L

• 1D: 0.58%
• 1M: 3.26%
• YTD: 6.58%
• 6M: 8.93%
• 1Y: 19.54%
• 3Y*: 14.05%
• 5Y*: 9.89%
• 10Y*: 10.28%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CEUR.L Amundi MSCI Europe	6.66%	24.46%	4.90%	12.93%	-5.96%	17.02%	2.29%	19.59%	-9.49%	14.99%
MEUD.L Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc	6.58%	26.51%	3.65%	13.48%	-5.04%	17.06%	3.85%	20.40%	-9.59%	15.43%

Correlation

The correlation between CEUR.L and MEUD.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013	0.98

The correlation between CEUR.L and MEUD.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

CEUR.L vs. MEUD.L - Sectors Allocation Comparison

Sectors	CEUR.L	MEUD.L
Financial Services	25.1%	24.0%
Industrials	19.8%	20.1%
Healthcare	13.8%	12.7%
Technology	10.4%	9.4%
Consumer Defensive	7.2%	7.7%
Consumer Cyclical	6.2%	6.9%
Utilities	5.3%	4.5%
Basic Materials	3.8%	5.0%
Energy	3.5%	5.5%
Communication Services	3.4%	3.1%
Real Estate	1.7%	1.2%

Return for Risk

CEUR.L vs. MEUD.L — Risk / Return Rank

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

CEUR.L

CEUR.L Risk / Return Rank: 42
CEUR.L Sharpe Ratio Rank: 45
CEUR.L Sortino Ratio Rank: 45
CEUR.L Omega Ratio Rank: 47
CEUR.L Calmar Ratio Rank: 36
CEUR.L Martin Ratio Rank: 39

MEUD.L

MEUD.L Risk / Return Rank: 45
MEUD.L Sharpe Ratio Rank: 47
MEUD.L Sortino Ratio Rank: 46
MEUD.L Omega Ratio Rank: 49
MEUD.L Calmar Ratio Rank: 38
MEUD.L Martin Ratio Rank: 43

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.

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

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe (CEUR.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.

	CEUR.L	MEUD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.60	-0.06
Sortino ratio: Return per unit of downside risk	2.18	2.26	-0.08
Omega ratio: Gain probability vs. loss probability	1.29	1.30	-0.01
Calmar ratio: Return relative to maximum drawdown	1.74	1.85	-0.11
Martin ratio: Return relative to average drawdown	6.06	6.70	-0.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current CEUR.L Sharpe Ratio is 1.54, which is comparable to the MEUD.L Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of CEUR.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.

Sharpe Ratios by Period

	CEUR.L	MEUD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	1.60	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.71	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.69	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.60	-0.04

Drawdowns

CEUR.L vs. MEUD.L - Drawdown Comparison

The maximum CEUR.L drawdown since its inception was -28.63%, roughly equal to the maximum MEUD.L drawdown of -28.57%. Use the drawdown chart below to compare losses from any high point for CEUR.L and MEUD.L.

Drawdown Indicators

	CEUR.L	MEUD.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.63%	-28.57%	-0.06%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-10.53%	-0.52%
Max Drawdown (3Y) Largest decline over 3 years	-12.66%	-12.61%	-0.05%
Max Drawdown (5Y) Largest decline over 5 years	-17.85%	-17.09%	-0.76%
Max Drawdown (10Y) Largest decline over 10 years	-28.63%	-28.57%	-0.06%
Current Drawdown Current decline from peak	-1.52%	-1.33%	-0.19%
Average Drawdown Average peak-to-trough decline	-4.58%	-4.16%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	2.91%	+0.26%

Volatility

CEUR.L vs. MEUD.L - Volatility Comparison

Amundi MSCI Europe (CEUR.L) and Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) have volatilities of 4.25% and 4.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEUR.L	MEUD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	4.14%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	10.53%	10.20%	+0.33%
Volatility (1Y) Calculated over the trailing 1-year period	12.44%	12.14%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.88%	13.94%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.97%	14.92%	+0.05%

CEUR.L vs. MEUD.L - Expense Ratio Comparison

CEUR.L has a 0.05% expense ratio, which is lower than MEUD.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CEUR.L vs. MEUD.L - Dividend Comparison

Neither CEUR.L nor MEUD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CEUR.L and MEUD.L in my portfolio?

With a correlation of 0.98, CEUR.L and MEUD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CEUR.L or MEUD.L?

On fees, CEUR.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CEUR.L or MEUD.L?

CEUR.L is cheaper with a 0.05% expense ratio, compared with 0.15% for MEUD.L.

What is the main difference between CEUR.L and MEUD.L?

Both ETFs track MSCI Europe NR EUR. Their fees differ too: 0.05% for CEUR.L and 0.15% for MEUD.L.