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CMU.L vs. UB06.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CMU.L vs. UB06.L

Last updated Jun 4, 2026

CMU.L (Amundi ETF MSCI EMU ESG Leaders Select) and UB06.L (UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis) are both Europe Equities funds tracking the MSCI EMU NR EUR, from Amundi and UBS respectively. Both are passively managed. Over the past 10 years, CMU.L returned 10.86%/yr vs 11.11%/yr for UB06.L. Their correlation of 0.95 suggests significant overlap in exposure. CMU.L charges 0.15%/yr vs 0.17%/yr for UB06.L.

Performance

CMU.L vs. UB06.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 UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis (UB06.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CMU.L achieves a 15.52% return, which is significantly higher than UB06.L's 7.54% return. Both investments have delivered pretty close results over the past 10 years, with CMU.L having a 10.86% annualized return and UB06.L not far ahead at 11.11%.

CMU.L

1D
-0.50%
1M
7.55%
YTD
15.52%
6M
17.22%
1Y
29.93%
3Y*
15.83%
5Y*
10.45%
10Y*
10.86%

UB06.L

1D
-0.50%
1M
4.00%
YTD
7.54%
6M
9.67%
1Y
21.36%
3Y*
15.85%
5Y*
10.62%
10Y*
11.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CMU.L vs. UB06.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CMU.L
Amundi ETF MSCI EMU ESG Leaders Select		15.52%25.71%1.42%14.39%-5.30%13.03%4.59%19.05%-11.56%17.21%
UB06.L
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis		7.54%30.63%4.81%16.43%-6.51%14.17%5.04%18.97%-11.33%17.27%

Correlation

The correlation between CMU.L and UB06.L is 0.94, 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

0.94

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

0.96

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

0.97

Correlation (10Y)
Calculated over the trailing 10-year period

0.97

Correlation (All Time)
Calculated using the full available price history since Jul 10, 2012

0.95

The correlation between CMU.L and UB06.L has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

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

Sectors
CMU.L
UB06.L

Technology

30.8%
15.7%

Financial Services

21.8%
24.0%

Industrials

15.7%
20.7%

Consumer Cyclical

10.1%
8.3%

Utilities

5.8%
6.6%

Consumer Defensive

5.2%
5.5%

Healthcare

4.2%
5.8%

Basic Materials

2.8%
4.0%

Communication Services

2.3%
4.4%

Real Estate

1.3%
0.9%

Energy

0.0%
4.2%

Technology

CMU.L
30.8%
UB06.L
15.7%

Financial Services

CMU.L
21.8%
UB06.L
24.0%

Industrials

CMU.L
15.7%
UB06.L
20.7%

Consumer Cyclical

CMU.L
10.1%
UB06.L
8.3%

Utilities

CMU.L
5.8%
UB06.L
6.6%

Consumer Defensive

CMU.L
5.2%
UB06.L
5.5%

Healthcare

CMU.L
4.2%
UB06.L
5.8%

Basic Materials

CMU.L
2.8%
UB06.L
4.0%

Communication Services

CMU.L
2.3%
UB06.L
4.4%

Real Estate

CMU.L
1.3%
UB06.L
0.9%

Energy

CMU.L
0.0%
UB06.L
4.2%

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Amundi ETF MSCI EMU ESG Leaders Select

UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis

Often compared with CMU.L:
CMU.L vs. CEUR.LCMU.L vs. GLDCMU.L vs. FLXD.LCMU.L vs. 500U.LCMU.L vs. BNKE.LCMU.L vs. 100D.LCMU.L vs. 500G.L
Often compared with UB06.L:
UB06.L vs. CEMU.ASUB06.L vs. C001.DEUB06.L vs. 5ESG.LUB06.L vs. IMV.LUB06.L vs. CS1.LUB06.L vs. UC15.LUB06.L vs. WDEP.L

Return for Risk

CMU.L vs. UB06.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: 5959
Overall Rank
CMU.L Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
CMU.L Sortino Ratio Rank: 6161
Sortino Ratio Rank
CMU.L Omega Ratio Rank: 6161
Omega Ratio Rank
CMU.L Calmar Ratio Rank: 5353
Calmar Ratio Rank
CMU.L Martin Ratio Rank: 5656
Martin Ratio Rank
UB06.L
UB06.L Risk / Return Rank: 4343
Overall Rank
UB06.L Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
UB06.L Sortino Ratio Rank: 4343
Sortino Ratio Rank
UB06.L Omega Ratio Rank: 4545
Omega Ratio Rank
UB06.L Calmar Ratio Rank: 4040
Calmar Ratio Rank
UB06.L Martin Ratio Rank: 4343
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. UB06.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 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.

CMU.LUB06.LDifference
Sharpe ratioReturn per unit of total volatility
2.01
1.51

+0.49

Sortino ratioReturn per unit of downside risk
2.82
2.18

+0.64

Omega ratioGain probability vs. loss probability

1.37

1.28

+0.08

Calmar ratioReturn relative to maximum drawdown

2.61

1.95

+0.66

Martin ratioReturn relative to average drawdown

9.79

6.87

+2.92

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

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

The current CMU.L Sharpe Ratio is 2.01, which is higher than the UB06.L Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of CMU.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.

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Sharpe Ratios by Period

CMU.LUB06.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.01

1.51

+0.49

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.66

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

0.66

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.68

-0.19

Drawdowns

CMU.L vs. UB06.L - Drawdown Comparison

The maximum CMU.L drawdown since its inception was -32.53%, roughly equal to the maximum UB06.L drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for CMU.L and UB06.L.

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Drawdown Indicators

CMU.LUB06.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.53%

-31.36%

-1.17%

Max Drawdown (1Y)

Largest decline over 1 year

-11.43%

-10.91%

-0.52%

Max Drawdown (3Y)

Largest decline over 3 years

-11.95%

-13.04%

+1.09%

Max Drawdown (5Y)

Largest decline over 5 years

-21.11%

-21.60%

+0.49%

Max Drawdown (10Y)

Largest decline over 10 years

-31.41%

-31.36%

-0.05%

Current Drawdown

Current decline from peak

-0.50%

-0.53%

+0.03%

Average Drawdown

Average peak-to-trough decline

-5.80%

-5.01%

-0.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.05%

3.10%

-0.05%

Volatility

CMU.L vs. UB06.L - Volatility Comparison

Amundi ETF MSCI EMU ESG Leaders Select (CMU.L) has a higher volatility of 5.38% compared to UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis (UB06.L) at 4.54%. This indicates that CMU.L's price experiences larger fluctuations and is considered to be riskier than UB06.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.LUB06.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.38%

4.54%

+0.84%

Volatility (6M)

Calculated over the trailing 6-month period

12.44%

11.62%

+0.82%

Volatility (1Y)

Calculated over the trailing 1-year period

14.87%

14.07%

+0.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.00%

16.14%

-0.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.78%

16.83%

-0.05%

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

CMU.L has a 0.15% 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

CMU.L vs. UB06.L - Dividend Comparison

CMU.L has not paid dividends to shareholders, while UB06.L's dividend yield for the trailing twelve months is around 2.48%.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%
UB06.L
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis		2.48%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

With a correlation of 0.94, CMU.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.

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 0.17% for UB06.L.

Both ETFs track MSCI EMU NR EUR. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.15% for CMU.L and 0.17% for UB06.L.

Portfolio Optimizer

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