CEUR.L vs. MEUG.L
CEUR.L (Amundi MSCI Europe) and MEUG.L (Lyxor UCITS MSCI Europe D-EUR) 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 10.37%/yr for MEUG.L. A 0.61 correlation means they provide meaningful diversification when combined. CEUR.L charges 0.05%/yr vs 0.25%/yr for MEUG.L.
Performance
CEUR.L vs. MEUG.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CEUR.L having a 6.66% return and MEUG.L slightly lower at 6.45%. Both investments have delivered pretty close results over the past 10 years, with CEUR.L having a 9.88% annualized return and MEUG.L not far ahead at 10.37%.
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%
MEUG.L
- 1D
- 0.49%
- 1M
- 3.47%
- YTD
- 6.45%
- 6M
- 8.77%
- 1Y
- 19.14%
- 3Y*
- 13.58%
- 5Y*
- 9.94%
- 10Y*
- 10.37%
CEUR.L vs. MEUG.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% |
MEUG.L Lyxor UCITS MSCI Europe D-EUR | 6.45% | 26.01% | 3.67% | 12.42% | -3.12% | 15.71% | 2.31% | 20.16% | -9.59% | 15.90% |
Correlation
The correlation between CEUR.L and MEUG.L is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2015 | 0.61 |
Over the past year, CEUR.L and MEUG.L have become more correlated (0.97) than their long-term average of 0.61, meaning their price movements have been converging.
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Return for Risk
CEUR.L vs. MEUG.L — Risk / Return Rank
CEUR.L
MEUG.L
CEUR.L vs. MEUG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe (CEUR.L) and Lyxor UCITS MSCI Europe D-EUR (MEUG.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 | MEUG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.82 | -0.08 |
| Martin ratioReturn relative to average drawdown | 6.06 | 6.45 | -0.39 |
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
| CEUR.L | MEUG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 1.61 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 1.05 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.95 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.81 | -0.25 |
Drawdowns
CEUR.L vs. MEUG.L - Drawdown Comparison
The maximum CEUR.L drawdown since its inception was -28.63%, roughly equal to the maximum MEUG.L drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for CEUR.L and MEUG.L.
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Drawdown Indicators
| CEUR.L | MEUG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.63% | -28.58% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -10.47% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -12.66% | -12.69% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -17.85% | -15.18% | -2.67% |
Max Drawdown (10Y)Largest decline over 10 years | -28.63% | -28.58% | -0.05% |
Current DrawdownCurrent decline from peak | -1.52% | -1.41% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -4.37% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.96% | +0.21% |
Volatility
CEUR.L vs. MEUG.L - Volatility Comparison
Amundi MSCI Europe (CEUR.L) has a higher volatility of 4.25% compared to Lyxor UCITS MSCI Europe D-EUR (MEUG.L) at 3.82%. This indicates that CEUR.L's price experiences larger fluctuations and is considered to be riskier than MEUG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEUR.L | MEUG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 3.82% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.53% | 9.93% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.44% | 11.84% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 19.14% | -5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 19.39% | -4.42% |
CEUR.L vs. MEUG.L - Expense Ratio Comparison
CEUR.L has a 0.05% expense ratio, which is lower than MEUG.L's 0.25% 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. MEUG.L - Dividend Comparison
Neither CEUR.L nor MEUG.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEUR.L Amundi MSCI Europe | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MEUG.L Lyxor UCITS MSCI Europe D-EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.70% | 3.42% | 3.73% | 3.07% | 3.39% | 3.60% |
Frequently Asked Questions
With a correlation of 0.97, CEUR.L and MEUG.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.
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.
CEUR.L is cheaper with a 0.05% expense ratio, compared with 0.25% for MEUG.L.
Both ETFs track MSCI Europe NR EUR. Their fees differ too: 0.05% for CEUR.L and 0.25% for MEUG.L.
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