CMU.L vs. XEC1.DE
CMU.L (Amundi ETF MSCI EMU ESG Leaders Select) and XEC1.DE (Xtrackers II EUR Corporate Bond UCITS ETF) are both exchange-traded funds - CMU.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while XEC1.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond. Both are passively managed. Over the past 3 years, CMU.L returned 14.82%/yr vs 3.65%/yr for XEC1.DE. At a 0.32 correlation, their price movements are largely independent. CMU.L charges 0.15%/yr vs 0.12%/yr for XEC1.DE.
Performance
CMU.L vs. XEC1.DE - Performance Comparison
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Different Trading Currencies
CMU.L is traded in GBp, while XEC1.DE is traded in EUR. To make them comparable, the XEC1.DE 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 15.46% return, which is significantly higher than XEC1.DE's -2.12% return.
CMU.L
- 1D
- 0.09%
- 1M
- -3.51%
- 6M
- 14.95%
- YTD
- 15.46%
- 1Y
- 26.13%
- 3Y*
- 14.82%
- 5Y*
- 10.51%
- 10Y*
- 10.12%
- ALL TIME*
- 8.12%
XEC1.DE
- 1D
- 0.00%
- 1M
- -2.27%
- 6M
- -2.00%
- YTD
- -2.12%
- 1Y
- -0.59%
- 3Y*
- 3.65%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.69%
CMU.L vs. XEC1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CMU.L Amundi ETF MSCI EMU ESG Leaders Select | 15.46% | 25.71% | 1.42% | 14.39% | -5.30% | 3.61% |
XEC1.DE Xtrackers II EUR Corporate Bond UCITS ETF | -2.12% | 8.37% | -0.27% | 5.39% | -8.66% | 16.69% |
Correlation
The correlation between CMU.L and XEC1.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.32 |
The correlation between CMU.L and XEC1.DE shifts across timeframes, from 0.31 (3 years) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CMU.L vs. XEC1.DE — Risk / Return Rank
CMU.L
XEC1.DE
CMU.L vs. XEC1.DE - 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 Xtrackers II EUR Corporate Bond UCITS ETF (XEC1.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CMU.L | XEC1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.98 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | -0.15 | +2.42 |
| Martin ratioReturn relative to average drawdown | 8.43 | -0.34 | +8.77 |
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Drawdowns
CMU.L vs. XEC1.DE - Drawdown Comparison
The maximum CMU.L drawdown since its inception was -31.46%, which is greater than XEC1.DE's maximum drawdown of -15.51%. Use the drawdown chart below to compare losses from any high point for CMU.L and XEC1.DE.
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Drawdown Indicators
| CMU.L | XEC1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.46% | -15.51% | -15.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -4.06% | -7.37% |
Max Drawdown (3Y)Largest decline over 3 years | -11.95% | -4.06% | -7.89% |
Max Drawdown (5Y)Largest decline over 5 years | -21.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.41% | — | — |
Current DrawdownCurrent decline from peak | -3.81% | -3.84% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -6.61% | -6.83% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.73% | +1.36% |
Volatility
CMU.L vs. XEC1.DE - Volatility Comparison
Amundi ETF MSCI EMU ESG Leaders Select (CMU.L) has a higher volatility of 3.79% compared to Xtrackers II EUR Corporate Bond UCITS ETF (XEC1.DE) at 1.27%. This indicates that CMU.L's price experiences larger fluctuations and is considered to be riskier than XEC1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMU.L | XEC1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 1.27% | +2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 12.80% | 3.75% | +9.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.08% | 4.85% | +10.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 10.52% | +5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.68% | 10.52% | +6.16% |
CMU.L vs. XEC1.DE - Expense Ratio Comparison
CMU.L has a 0.15% expense ratio, which is higher than XEC1.DE's 0.12% 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
CMU.L vs. XEC1.DE - Dividend Comparison
CMU.L has not paid dividends to shareholders, while XEC1.DE's dividend yield for the trailing twelve months is around 2.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CMU.L Amundi ETF MSCI EMU ESG Leaders Select | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XEC1.DE Xtrackers II EUR Corporate Bond UCITS ETF | 2.71% | 2.50% | 2.68% | 1.77% | 1.08% |
Frequently Asked Questions
CMU.L and XEC1.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEC1.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEC1.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for CMU.L.
CMU.L is categorized as Europe Equities, while XEC1.DE is European Corporate Bonds. CMU.L tracks MSCI EMU NR EUR, while XEC1.DE tracks Bloomberg Euro Corporate Bond. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.15% for CMU.L and 0.12% for XEC1.DE.
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