CMU.L vs. MEUD.L

Last updated Jun 5, 2026

CMU.L (Amundi ETF MSCI EMU ESG Leaders Select) and MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) are both Europe Equities funds from Amundi - CMU.L tracks the MSCI EMU NR EUR while MEUD.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, CMU.L returned 10.79%/yr vs 10.28%/yr for MEUD.L. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.

Performance

CMU.L vs. MEUD.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 Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CMU.L achieves a 15.89% return, which is significantly higher than MEUD.L's 6.58% return. Both investments have delivered pretty close results over the past 10 years, with CMU.L having a 10.79% annualized return and MEUD.L not far behind at 10.28%.

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%

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	17.21%
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%	15.43%

Correlation

The correlation between CMU.L and MEUD.L is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Sep 17, 2013	0.95

The correlation between CMU.L and MEUD.L has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

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

Sectors	CMU.L	MEUD.L
Technology	30.8%	9.4%
Financial Services	21.8%	24.0%
Industrials	15.7%	20.1%
Consumer Cyclical	10.1%	6.9%
Utilities	5.8%	4.5%
Consumer Defensive	5.2%	7.7%
Healthcare	4.2%	12.7%
Basic Materials	2.8%	5.0%
Communication Services	2.3%	3.1%
Real Estate	1.3%	1.2%
Energy	0.0%	5.5%

Return for Risk

CMU.L vs. MEUD.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: 58
CMU.L Sharpe Ratio Rank: 59
CMU.L Sortino Ratio Rank: 60
CMU.L Omega Ratio Rank: 61
CMU.L Calmar Ratio Rank: 52
CMU.L Martin Ratio Rank: 56

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.

CMU.L vs. MEUD.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 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.

	CMU.L	MEUD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.60	+0.38
Sortino ratio: Return per unit of downside risk	2.79	2.26	+0.53
Omega ratio: Gain probability vs. loss probability	1.37	1.30	+0.06
Calmar ratio: Return relative to maximum drawdown	2.58	1.85	+0.73
Martin ratio: Return relative to average drawdown	9.67	6.70	+2.97
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. MEUD.L - Sharpe Ratio Comparison

The current CMU.L Sharpe Ratio is 1.98, which is comparable to the MEUD.L Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of CMU.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

	CMU.L	MEUD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	1.60	+0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.71	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.69	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.60	-0.11

Drawdowns

CMU.L vs. MEUD.L - Drawdown Comparison

The maximum CMU.L drawdown since its inception was -32.53%, which is greater than MEUD.L's maximum drawdown of -28.57%. Use the drawdown chart below to compare losses from any high point for CMU.L and MEUD.L.

Drawdown Indicators

	CMU.L	MEUD.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.53%	-28.57%	-3.96%
Max Drawdown (1Y) Largest decline over 1 year	-11.43%	-10.53%	-0.90%
Max Drawdown (3Y) Largest decline over 3 years	-11.95%	-12.61%	+0.66%
Max Drawdown (5Y) Largest decline over 5 years	-21.11%	-17.09%	-4.02%
Max Drawdown (10Y) Largest decline over 10 years	-31.41%	-28.57%	-2.84%
Current Drawdown Current decline from peak	-0.18%	-1.33%	+1.15%
Average Drawdown Average peak-to-trough decline	-5.80%	-4.16%	-1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	2.91%	+0.14%

Volatility

CMU.L vs. MEUD.L - Volatility Comparison

Amundi ETF MSCI EMU ESG Leaders Select (CMU.L) has a higher volatility of 5.34% compared to Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) at 4.14%. This indicates that CMU.L's price experiences larger fluctuations and is considered to be riskier than MEUD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMU.L	MEUD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.34%	4.14%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	12.44%	10.20%	+2.24%
Volatility (1Y) Calculated over the trailing 1-year period	14.86%	12.14%	+2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	13.94%	+2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.78%	14.92%	+1.86%

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

Both CMU.L and MEUD.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. MEUD.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.90, CMU.L and MEUD.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, CMU.L or MEUD.L?

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

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

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

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

CMU.L tracks MSCI EMU NR EUR, while MEUD.L tracks MSCI Europe NR EUR.