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CMU.L vs. EMID.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CMU.L vs. EMID.L

Last updated Jun 5, 2026

CMU.L (Amundi ETF MSCI EMU ESG Leaders Select) and EMID.L (iShares MSCI Europe Mid Cap UCITS ETF) are both Europe Equities funds - CMU.L tracks the MSCI EMU NR EUR while EMID.L tracks the MSCI Europe SMID NR EUR. Both are passively managed. Over the past 5 years, CMU.L returned 10.52%/yr vs 7.67%/yr for EMID.L. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.

Performance

CMU.L vs. EMID.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi ETF MSCI EMU ESG Leaders Select (CMU.L) and iShares MSCI Europe Mid Cap UCITS ETF (EMID.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CMU.L is traded in GBp, while EMID.L is traded in EUR. To make them comparable, the EMID.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CMU.L achieves a 15.89% return, which is significantly higher than EMID.L's 7.17% return.

CMU.L

1D
0.33%
1M
8.13%
YTD
15.89%
6M
17.12%
1Y
29.56%
3Y*
16.11%
5Y*
10.52%
10Y*
10.79%

EMID.L

1D
0.41%
1M
1.77%
YTD
7.17%
6M
9.68%
1Y
19.05%
3Y*
15.43%
5Y*
7.67%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CMU.L vs. EMID.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CMU.L
Amundi ETF MSCI EMU ESG Leaders Select		15.89%25.71%1.42%14.39%-5.30%13.03%4.59%19.05%-11.56%2.53%
EMID.L
iShares MSCI Europe Mid Cap UCITS ETF		7.17%29.35%4.34%11.78%-14.12%14.17%9.99%22.21%-12.05%4.65%

Correlation

The correlation between CMU.L and EMID.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.81

Correlation (3Y)
Calculated over the trailing 3-year period

0.86

Correlation (5Y)
Calculated over the trailing 5-year period

0.88

Correlation (All Time)
Calculated using the full available price history since Jun 7, 2017

0.87

The correlation between CMU.L and EMID.L has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.

CMU.L vs. EMID.L - Sectors Allocation Comparison

Sectors
CMU.L
EMID.L

Technology

30.8%
3.1%

Financial Services

21.8%
21.4%

Industrials

15.7%
26.4%

Consumer Cyclical

10.1%
7.2%

Utilities

5.8%
6.0%

Consumer Defensive

5.2%
7.3%

Healthcare

4.2%
8.0%

Basic Materials

2.8%
6.2%

Communication Services

2.3%
6.7%

Real Estate

1.3%
3.9%

Energy

0.0%
3.7%

Technology

CMU.L
30.8%
EMID.L
3.1%

Financial Services

CMU.L
21.8%
EMID.L
21.4%

Industrials

CMU.L
15.7%
EMID.L
26.4%

Consumer Cyclical

CMU.L
10.1%
EMID.L
7.2%

Utilities

CMU.L
5.8%
EMID.L
6.0%

Consumer Defensive

CMU.L
5.2%
EMID.L
7.3%

Healthcare

CMU.L
4.2%
EMID.L
8.0%

Basic Materials

CMU.L
2.8%
EMID.L
6.2%

Communication Services

CMU.L
2.3%
EMID.L
6.7%

Real Estate

CMU.L
1.3%
EMID.L
3.9%

Energy

CMU.L
0.0%
EMID.L
3.7%

Compare stocks, funds, or ETFs

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Amundi ETF MSCI EMU ESG Leaders Select

iShares MSCI Europe Mid Cap UCITS ETF

Often compared with CMU.L:
CMU.L vs. CEUR.LCMU.L vs. GLDCMU.L vs. UB06.LCMU.L vs. FLXD.LCMU.L vs. 100D.LCMU.L vs. 500U.LCMU.L vs. BNKE.L
Often compared with EMID.L:
EMID.L vs. ZPDX.DEEMID.L vs. IMV.LEMID.L vs. LCPE.LEMID.L vs. EEIP.LEMID.L vs. EQDS.LEMID.L vs. EEI.LEMID.L vs. ISAC.L

Return for Risk

CMU.L vs. EMID.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CMU.L
CMU.L Risk / Return Rank: 5858
Overall Rank
CMU.L Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
CMU.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
CMU.L Omega Ratio Rank: 6161
Omega Ratio Rank
CMU.L Calmar Ratio Rank: 5252
Calmar Ratio Rank
CMU.L Martin Ratio Rank: 5656
Martin Ratio Rank
EMID.L
EMID.L Risk / Return Rank: 4040
Overall Rank
EMID.L Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
EMID.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
EMID.L Omega Ratio Rank: 3939
Omega Ratio Rank
EMID.L Calmar Ratio Rank: 3939
Calmar Ratio Rank
EMID.L Martin Ratio Rank: 4444
Martin Ratio Rank
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.

CMU.L vs. EMID.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI EMU ESG Leaders Select (CMU.L) and iShares MSCI Europe Mid Cap UCITS ETF (EMID.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.

CMU.LEMID.LDifference
Sharpe ratioReturn per unit of total volatility
1.98
1.62

+0.36

Sortino ratioReturn per unit of downside risk
2.79
2.23

+0.56

Omega ratioGain probability vs. loss probability

1.37

1.30

+0.07

Calmar ratioReturn relative to maximum drawdown

2.58

2.00

+0.57

Martin ratioReturn relative to average drawdown

9.67

7.39

+2.27

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMU.L vs. EMID.L - Sharpe Ratio Comparison

The current CMU.L Sharpe Ratio is 1.98, which is comparable to the EMID.L Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of CMU.L and EMID.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.

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Sharpe Ratios by Period

CMU.LEMID.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.98

1.62

+0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.51

+0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.49

0.00

Drawdowns

CMU.L vs. EMID.L - Drawdown Comparison

The maximum CMU.L drawdown since its inception was -32.53%, which is greater than EMID.L's maximum drawdown of -30.59%. Use the drawdown chart below to compare losses from any high point for CMU.L and EMID.L.

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Drawdown Indicators

CMU.LEMID.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.53%

-30.59%

-1.94%

Max Drawdown (1Y)

Largest decline over 1 year

-11.43%

-9.46%

-1.97%

Max Drawdown (3Y)

Largest decline over 3 years

-11.95%

-12.55%

+0.60%

Max Drawdown (5Y)

Largest decline over 5 years

-21.11%

-26.23%

+5.12%

Max Drawdown (10Y)

Largest decline over 10 years

-31.41%

—

—

Current Drawdown

Current decline from peak

-0.18%

-1.17%

+0.99%

Average Drawdown

Average peak-to-trough decline

-5.80%

-6.17%

+0.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.05%

2.57%

+0.48%

Volatility

CMU.L vs. EMID.L - Volatility Comparison

Amundi ETF MSCI EMU ESG Leaders Select (CMU.L) has a higher volatility of 5.34% compared to iShares MSCI Europe Mid Cap UCITS ETF (EMID.L) at 3.99%. This indicates that CMU.L's price experiences larger fluctuations and is considered to be riskier than EMID.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CMU.LEMID.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.34%

3.99%

+1.35%

Volatility (6M)

Calculated over the trailing 6-month period

12.44%

9.68%

+2.76%

Volatility (1Y)

Calculated over the trailing 1-year period

14.86%

11.73%

+3.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.00%

15.15%

+0.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.78%

16.04%

+0.74%

CMU.L vs. EMID.L - Expense Ratio Comparison

Both CMU.L and EMID.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

CMU.L vs. EMID.L - Dividend Comparison

CMU.L has not paid dividends to shareholders, while EMID.L's dividend yield for the trailing twelve months is around 2.57%.

PositionTTM202520242023202220212020201920182017
CMU.L
Amundi ETF MSCI EMU ESG Leaders Select		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EMID.L
iShares MSCI Europe Mid Cap UCITS ETF		2.57%2.78%2.75%2.42%2.61%1.78%1.39%2.33%2.84%0.48%

Frequently Asked Questions

CMU.L and EMID.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

CMU.L and EMID.L have the same expense ratio: 0.15% per year.

CMU.L tracks MSCI EMU NR EUR, while EMID.L tracks MSCI Europe SMID NR EUR. They also come from different issuers: Amundi and iShares.

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