CEUR.L vs. UB06.L

Last updated Jun 5, 2026

CEUR.L (Amundi MSCI Europe) and UB06.L (UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis) are both Europe Equities funds - CEUR.L tracks the MSCI Europe NR EUR while UB06.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, CEUR.L returned 9.88%/yr vs 11.04%/yr for UB06.L. Their correlation of 0.94 suggests significant overlap in exposure. CEUR.L charges 0.05%/yr vs 0.17%/yr for UB06.L.

Performance

CEUR.L vs. UB06.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI Europe (CEUR.L) and UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis (UB06.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEUR.L achieves a 6.66% return, which is significantly lower than UB06.L's 7.99% return. Over the past 10 years, CEUR.L has underperformed UB06.L with an annualized return of 9.88%, while UB06.L has yielded a comparatively higher 11.04% annualized return.

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%

UB06.L

• 1D: 0.42%
• 1M: 4.96%
• YTD: 7.99%
• 6M: 9.65%
• 1Y: 21.21%
• 3Y*: 16.18%
• 5Y*: 10.71%
• 10Y*: 11.04%

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

CEUR.L vs. UB06.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%
UB06.L UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis	7.99%	30.63%	4.81%	16.43%	-6.51%	14.17%	5.04%	18.97%	-11.33%	17.27%

Correlation

The correlation between CEUR.L and UB06.L is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jul 27, 2012	0.94

The correlation between CEUR.L and UB06.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

CEUR.L vs. UB06.L - Sectors Allocation Comparison

Sectors	CEUR.L	UB06.L
Financial Services	25.1%	24.0%
Industrials	19.8%	20.7%
Healthcare	13.8%	5.8%
Technology	10.4%	15.7%
Consumer Defensive	7.2%	5.5%
Consumer Cyclical	6.2%	8.3%
Utilities	5.3%	6.6%
Basic Materials	3.8%	4.0%
Energy	3.5%	4.2%
Communication Services	3.4%	4.4%
Real Estate	1.7%	0.9%

Return for Risk

CEUR.L vs. UB06.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

UB06.L

UB06.L Risk / Return Rank: 43
UB06.L Sharpe Ratio Rank: 43
UB06.L Sortino Ratio Rank: 44
UB06.L Omega Ratio Rank: 45
UB06.L Calmar Ratio Rank: 39
UB06.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. UB06.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe (CEUR.L) and UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis (UB06.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	UB06.L	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.50	+0.04
Sortino ratio: Return per unit of downside risk	2.18	2.17	+0.01
Omega ratio: Gain probability vs. loss probability	1.29	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	1.74	1.94	-0.20
Martin ratio: Return relative to average drawdown	6.06	6.82	-0.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEUR.L vs. UB06.L - Sharpe Ratio Comparison

The current CEUR.L Sharpe Ratio is 1.54, which is comparable to the UB06.L Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of CEUR.L and UB06.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	UB06.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	1.50	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.66	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.66	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.68	-0.12

Drawdowns

CEUR.L vs. UB06.L - Drawdown Comparison

The maximum CEUR.L drawdown since its inception was -28.63%, smaller than the maximum UB06.L drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for CEUR.L and UB06.L.

Drawdown Indicators

	CEUR.L	UB06.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.63%	-31.36%	+2.73%
Max Drawdown (1Y) Largest decline over 1 year	-11.05%	-10.91%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-12.66%	-13.04%	+0.38%
Max Drawdown (5Y) Largest decline over 5 years	-17.85%	-21.60%	+3.75%
Max Drawdown (10Y) Largest decline over 10 years	-28.63%	-31.36%	+2.73%
Current Drawdown Current decline from peak	-1.52%	-0.11%	-1.41%
Average Drawdown Average peak-to-trough decline	-4.58%	-5.01%	+0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	3.10%	+0.07%

Volatility

CEUR.L vs. UB06.L - Volatility Comparison

The current volatility for Amundi MSCI Europe (CEUR.L) is 4.25%, while UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis (UB06.L) has a volatility of 4.48%. This indicates that CEUR.L experiences smaller price fluctuations and is considered to be less risky than UB06.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEUR.L	UB06.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	4.48%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	10.53%	11.63%	-1.10%
Volatility (1Y) Calculated over the trailing 1-year period	12.44%	14.08%	-1.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.88%	16.14%	-2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.97%	16.82%	-1.85%

CEUR.L vs. UB06.L - Expense Ratio Comparison

CEUR.L has a 0.05% expense ratio, which is lower than UB06.L's 0.17% 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. UB06.L - Dividend Comparison

CEUR.L has not paid dividends to shareholders, while UB06.L's dividend yield for the trailing twelve months is around 2.47%.

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%
UB06.L UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis	2.47%	2.49%	2.80%	2.68%	2.68%	1.88%	1.57%	2.84%	3.20%	2.52%	2.50%	2.92%

Frequently Asked Questions

Can I hold both CEUR.L and UB06.L in my portfolio?

With a correlation of 0.96, CEUR.L and UB06.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 UB06.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 UB06.L?

CEUR.L is cheaper with a 0.05% expense ratio, compared with 0.17% for UB06.L.

What is the main difference between CEUR.L and UB06.L?

CEUR.L tracks MSCI Europe NR EUR, while UB06.L tracks MSCI EMU NR EUR. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.05% for CEUR.L and 0.17% for UB06.L.