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

CMU.L vs. IEDL.L

Last updated Jun 5, 2026

CMU.L (Amundi ETF MSCI EMU ESG Leaders Select) and IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) are both Europe Equities funds - CMU.L tracks the MSCI EMU NR EUR while IEDL.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 5 years, CMU.L returned 10.52%/yr vs 14.62%/yr for IEDL.L. Their correlation of 0.87 suggests significant overlap in exposure. CMU.L charges 0.15%/yr vs 0.25%/yr for IEDL.L.

Performance

CMU.L vs. IEDL.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 Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.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 IEDL.L is traded in EUR. To make them comparable, the IEDL.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 IEDL.L's 13.19% 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%

IEDL.L

1D
0.03%
1M
4.86%
YTD
13.19%
6M
15.86%
1Y
36.33%
3Y*
21.75%
5Y*
14.62%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
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%-10.43%
IEDL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)		13.13%42.22%5.44%11.24%1.22%19.20%-3.60%14.87%-10.37%

Correlation

The correlation between CMU.L and IEDL.L is 0.85, 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

0.85

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

0.85

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

0.86

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2018

0.87

The correlation between CMU.L and IEDL.L has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

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

Sectors
CMU.L
IEDL.L

Technology

30.8%
12.2%

Financial Services

21.8%
22.6%

Industrials

15.7%
17.0%

Consumer Cyclical

10.1%
6.2%

Utilities

5.8%
4.5%

Consumer Defensive

5.2%
8.6%

Healthcare

4.2%
12.3%

Basic Materials

2.8%
6.2%

Communication Services

2.3%
3.7%

Real Estate

1.3%
0.6%

Energy

0.0%
5.1%

Technology

CMU.L
30.8%
IEDL.L
12.2%

Financial Services

CMU.L
21.8%
IEDL.L
22.6%

Industrials

CMU.L
15.7%
IEDL.L
17.0%

Consumer Cyclical

CMU.L
10.1%
IEDL.L
6.2%

Utilities

CMU.L
5.8%
IEDL.L
4.5%

Consumer Defensive

CMU.L
5.2%
IEDL.L
8.6%

Healthcare

CMU.L
4.2%
IEDL.L
12.3%

Basic Materials

CMU.L
2.8%
IEDL.L
6.2%

Communication Services

CMU.L
2.3%
IEDL.L
3.7%

Real Estate

CMU.L
1.3%
IEDL.L
0.6%

Energy

CMU.L
0.0%
IEDL.L
5.1%

Compare stocks, funds, or ETFs

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Amundi ETF MSCI EMU ESG Leaders Select

iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)

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 IEDL.L:
IEDL.L vs. S7XP.LIEDL.L vs. XHYG.DEIEDL.L vs. MVEW.DEIEDL.L vs. EUMD.LIEDL.L vs. T3KE.DEIEDL.L vs. CNX1.LIEDL.L vs. VEUR.L

Return for Risk

CMU.L vs. IEDL.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
IEDL.L
IEDL.L Risk / Return Rank: 7272
Overall Rank
IEDL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEDL.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
IEDL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEDL.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
IEDL.L Martin Ratio Rank: 6868
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. IEDL.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 Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.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.LIEDL.LDifference
Sharpe ratioReturn per unit of total volatility
1.98
2.68

-0.70

Sortino ratioReturn per unit of downside risk
2.79
3.61

-0.82

Omega ratioGain probability vs. loss probability

1.37

1.48

-0.12

Calmar ratioReturn relative to maximum drawdown

2.58

3.43

-0.85

Martin ratioReturn relative to average drawdown

9.67

12.68

-3.02

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. IEDL.L - Sharpe Ratio Comparison

The current CMU.L Sharpe Ratio is 1.98, which is comparable to the IEDL.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of CMU.L and IEDL.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.LIEDL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.98

2.68

-0.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.66

0.95

-0.30

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

0.59

-0.10

Drawdowns

CMU.L vs. IEDL.L - Drawdown Comparison

The maximum CMU.L drawdown since its inception was -32.53%, smaller than the maximum IEDL.L drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for CMU.L and IEDL.L.

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Drawdown Indicators

CMU.LIEDL.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.53%

-34.37%

+1.84%

Max Drawdown (1Y)

Largest decline over 1 year

-11.43%

-10.54%

-0.89%

Max Drawdown (3Y)

Largest decline over 3 years

-11.95%

-16.23%

+4.28%

Max Drawdown (5Y)

Largest decline over 5 years

-21.11%

-16.28%

-4.83%

Max Drawdown (10Y)

Largest decline over 10 years

-31.41%

—

—

Current Drawdown

Current decline from peak

-0.18%

-0.80%

+0.62%

Average Drawdown

Average peak-to-trough decline

-5.80%

-5.72%

-0.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.05%

2.86%

+0.19%

Volatility

CMU.L vs. IEDL.L - Volatility Comparison

Amundi ETF MSCI EMU ESG Leaders Select (CMU.L) has a higher volatility of 5.34% compared to iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) at 4.75%. This indicates that CMU.L's price experiences larger fluctuations and is considered to be riskier than IEDL.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.LIEDL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.34%

4.75%

+0.59%

Volatility (6M)

Calculated over the trailing 6-month period

12.44%

11.06%

+1.38%

Volatility (1Y)

Calculated over the trailing 1-year period

14.86%

13.48%

+1.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.00%

15.30%

+0.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.78%

17.59%

-0.81%

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

CMU.L has a 0.15% expense ratio, which is lower than IEDL.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

CMU.L vs. IEDL.L - Dividend Comparison

CMU.L has not paid dividends to shareholders, while IEDL.L's dividend yield for the trailing twelve months is around 3.01%.

PositionTTM20252024202320222021202020192018
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%
IEDL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)		3.01%3.44%4.22%4.76%4.23%3.56%2.32%3.86%3.19%

Frequently Asked Questions

CMU.L and IEDL.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

CMU.L is cheaper with a 0.15% expense ratio, compared with 0.25% for IEDL.L.

CMU.L tracks MSCI EMU NR EUR, while IEDL.L tracks MSCI Europe Value NR EUR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for CMU.L and 0.25% for IEDL.L.

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