CLIM.L vs. MEUD.L

Last updated Jun 5, 2026

CLIM.L (Lyxor Green Bond (DR) UCITS ETF - Acc) and MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) are both exchange-traded funds - CLIM.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR USD, while MEUD.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, CLIM.L returned -1.57%/yr vs 9.89%/yr for MEUD.L. At a 0.20 correlation, their price movements are largely independent. CLIM.L charges 0.25%/yr vs 0.15%/yr for MEUD.L.

Performance

CLIM.L vs. MEUD.L - Performance Comparison

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

Different Trading Currencies

CLIM.L is traded in GBP, while MEUD.L is traded in GBp. To make them comparable, the MEUD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, CLIM.L achieves a -0.77% return, which is significantly lower than MEUD.L's 6.58% return.

CLIM.L

• 1D: 0.21%
• 1M: 1.07%
• YTD: -0.77%
• 6M: -0.85%
• 1Y: 3.44%
• 3Y*: 2.81%
• 5Y*: -1.57%
• 10Y*: —

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CLIM.L Lyxor Green Bond (DR) UCITS ETF - Acc	-0.77%	5.06%	-1.39%	4.76%	-13.57%	-8.41%	8.92%	3.56%	1.99%	0.53%
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%	7.88%

Correlation

The correlation between CLIM.L and MEUD.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Mar 20, 2017	0.20

The correlation between CLIM.L and MEUD.L shifts across timeframes, from 0.16 (5 years) to 0.35 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

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

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

CLIM.L

CLIM.L Risk / Return Rank: 19
CLIM.L Sharpe Ratio Rank: 21
CLIM.L Sortino Ratio Rank: 20
CLIM.L Omega Ratio Rank: 19
CLIM.L Calmar Ratio Rank: 19
CLIM.L Martin Ratio Rank: 17

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.

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

This table presents a comparison of risk-adjusted performance metrics for Lyxor Green Bond (DR) UCITS ETF - Acc (CLIM.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.

	CLIM.L	MEUD.L	Difference
Sharpe ratio: Return per unit of total volatility	0.67	1.60	-0.93
Sortino ratio: Return per unit of downside risk	1.00	2.26	-1.25
Omega ratio: Gain probability vs. loss probability	1.12	1.30	-0.19
Calmar ratio: Return relative to maximum drawdown	0.79	1.85	-1.05
Martin ratio: Return relative to average drawdown	1.78	6.70	-4.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current CLIM.L Sharpe Ratio is 0.67, which is lower than the MEUD.L Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of CLIM.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

	CLIM.L	MEUD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	1.60	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.22	0.71	-0.93
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.60	-0.62

Drawdowns

CLIM.L vs. MEUD.L - Drawdown Comparison

The maximum CLIM.L drawdown since its inception was -25.39%, smaller than the maximum MEUD.L drawdown of -28.57%. Use the drawdown chart below to compare losses from any high point for CLIM.L and MEUD.L.

Drawdown Indicators

	CLIM.L	MEUD.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.39%	-28.57%	+3.18%
Max Drawdown (1Y) Largest decline over 1 year	-4.32%	-10.53%	+6.21%
Max Drawdown (3Y) Largest decline over 3 years	-4.66%	-12.61%	+7.95%
Max Drawdown (5Y) Largest decline over 5 years	-20.11%	-17.09%	-3.02%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.57%	—
Current Drawdown Current decline from peak	-16.66%	-1.33%	-15.33%
Average Drawdown Average peak-to-trough decline	-11.96%	-4.16%	-7.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	2.91%	-0.98%

Volatility

CLIM.L vs. MEUD.L - Volatility Comparison

The current volatility for Lyxor Green Bond (DR) UCITS ETF - Acc (CLIM.L) is 1.62%, while Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) has a volatility of 4.14%. This indicates that CLIM.L experiences smaller price fluctuations and is considered to be less risky than MEUD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLIM.L	MEUD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.62%	4.14%	-2.52%
Volatility (6M) Calculated over the trailing 6-month period	3.98%	10.20%	-6.22%
Volatility (1Y) Calculated over the trailing 1-year period	5.10%	12.14%	-7.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.00%	13.94%	-6.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.53%	14.92%	-7.39%

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

CLIM.L has a 0.25% expense ratio, which is higher than MEUD.L's 0.15% 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

CLIM.L vs. MEUD.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

CLIM.L and MEUD.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, MEUD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

MEUD.L is cheaper with a 0.15% expense ratio, compared with 0.25% for CLIM.L.

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

CLIM.L is categorized as Global Corporate Bonds, while MEUD.L is Europe Equities. CLIM.L tracks Bloomberg Gbl Agg Corp TR USD, while MEUD.L tracks MSCI Europe NR EUR. Their fees differ too: 0.25% for CLIM.L and 0.15% for MEUD.L.