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EEUD.L vs. CEUR.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EEUD.L vs. CEUR.L

Last updated Jun 5, 2026

EEUD.L (iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist)) and CEUR.L (Amundi MSCI Europe) are both Europe Equities funds tracking the MSCI Europe NR EUR, from BlackRock and Amundi respectively. Both are passively managed. Over the past 5 years, EEUD.L returned 8.83%/yr vs 9.47%/yr for CEUR.L. With a 0.97 correlation, they move nearly in lockstep. EEUD.L charges 0.12%/yr vs 0.05%/yr for CEUR.L.

Performance

EEUD.L vs. CEUR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist) (EEUD.L) and Amundi MSCI Europe (CEUR.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EEUD.L is traded in GBP, while CEUR.L is traded in GBp. To make them comparable, the CEUR.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with EEUD.L having a 6.81% return and CEUR.L slightly lower at 6.66%.

EEUD.L

1D
0.66%
1M
3.78%
YTD
6.81%
6M
9.10%
1Y
18.95%
3Y*
12.96%
5Y*
8.83%
10Y*
—

CEUR.L

1D
0.46%
1M
3.94%
YTD
6.66%
6M
8.98%
1Y
19.26%
3Y*
13.68%
5Y*
9.47%
10Y*
9.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EEUD.L vs. CEUR.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
EEUD.L
iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist)		6.81%23.28%3.38%13.27%-6.77%17.17%4.21%12.69%
CEUR.L
Amundi MSCI Europe		6.66%24.46%4.90%12.93%-5.96%17.02%2.29%12.18%

Correlation

The correlation between EEUD.L and CEUR.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.98

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

0.99

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

0.98

Correlation (All Time)
Calculated using the full available price history since Mar 13, 2019

0.97

The correlation between EEUD.L and CEUR.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

EEUD.L vs. CEUR.L - Sectors Allocation Comparison

Sectors
EEUD.L
CEUR.L

Financial Services

24.5%
25.1%

Industrials

19.0%
19.8%

Healthcare

13.7%
13.8%

Technology

9.3%
10.4%

Consumer Defensive

7.9%
7.2%

Consumer Cyclical

6.9%
6.2%

Utilities

5.1%
5.3%

Energy

4.5%
3.5%

Basic Materials

4.1%
3.8%

Communication Services

3.7%
3.4%

Real Estate

1.4%
1.7%

Financial Services

EEUD.L
24.5%
CEUR.L
25.1%

Industrials

EEUD.L
19.0%
CEUR.L
19.8%

Healthcare

EEUD.L
13.7%
CEUR.L
13.8%

Technology

EEUD.L
9.3%
CEUR.L
10.4%

Consumer Defensive

EEUD.L
7.9%
CEUR.L
7.2%

Consumer Cyclical

EEUD.L
6.9%
CEUR.L
6.2%

Utilities

EEUD.L
5.1%
CEUR.L
5.3%

Energy

EEUD.L
4.5%
CEUR.L
3.5%

Basic Materials

EEUD.L
4.1%
CEUR.L
3.8%

Communication Services

EEUD.L
3.7%
CEUR.L
3.4%

Real Estate

EEUD.L
1.4%
CEUR.L
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist)

Amundi MSCI Europe

Often compared with EEUD.L:
EEUD.L vs. SDUE.LEEUD.L vs. 500P.LEEUD.L vs. RENG.LEEUD.L vs. MMS.LEEUD.L vs. IGSD.LEEUD.L vs. FEUZ.LEEUD.L vs. OPEN.L
Often compared with CEUR.L:
CEUR.L vs. DTLA.LCEUR.L vs. XS7R.LCEUR.L vs. XDWT.LCEUR.L vs. URTHCEUR.L vs. VERX.LCEUR.L vs. QQQCEUR.L vs. SPY

Return for Risk

EEUD.L vs. CEUR.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EEUD.L
EEUD.L Risk / Return Rank: 4141
Overall Rank
EEUD.L Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
EEUD.L Sortino Ratio Rank: 4343
Sortino Ratio Rank
EEUD.L Omega Ratio Rank: 4545
Omega Ratio Rank
EEUD.L Calmar Ratio Rank: 3535
Calmar Ratio Rank
EEUD.L Martin Ratio Rank: 3838
Martin Ratio Rank
CEUR.L
CEUR.L Risk / Return Rank: 4242
Overall Rank
CEUR.L Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
CEUR.L Sortino Ratio Rank: 4545
Sortino Ratio Rank
CEUR.L Omega Ratio Rank: 4747
Omega Ratio Rank
CEUR.L Calmar Ratio Rank: 3636
Calmar Ratio Rank
CEUR.L Martin Ratio Rank: 3939
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.

EEUD.L vs. CEUR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist) (EEUD.L) and Amundi MSCI Europe (CEUR.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.

EEUD.LCEUR.LDifference
Sharpe ratioReturn per unit of total volatility
1.50
1.54

-0.04

Sortino ratioReturn per unit of downside risk
2.13
2.18

-0.06

Omega ratioGain probability vs. loss probability

1.28

1.29

-0.01

Calmar ratioReturn relative to maximum drawdown

1.70

1.74

-0.04

Martin ratioReturn relative to average drawdown

5.82

6.06

-0.24

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

EEUD.L vs. CEUR.L - Sharpe Ratio Comparison

The current EEUD.L Sharpe Ratio is 1.50, which is comparable to the CEUR.L Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of EEUD.L and CEUR.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

EEUD.LCEUR.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.50

1.54

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.63

0.68

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.56

+0.08

Drawdowns

EEUD.L vs. CEUR.L - Drawdown Comparison

The maximum EEUD.L drawdown since its inception was -27.37%, roughly equal to the maximum CEUR.L drawdown of -28.63%. Use the drawdown chart below to compare losses from any high point for EEUD.L and CEUR.L.

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Drawdown Indicators

EEUD.LCEUR.LDifference

Max Drawdown

Largest peak-to-trough decline

-27.37%

-28.63%

+1.26%

Max Drawdown (1Y)

Largest decline over 1 year

-11.10%

-11.05%

-0.05%

Max Drawdown (3Y)

Largest decline over 3 years

-12.69%

-12.66%

-0.03%

Max Drawdown (5Y)

Largest decline over 5 years

-18.30%

-17.85%

-0.45%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.63%

—

Current Drawdown

Current decline from peak

-1.81%

-1.52%

-0.29%

Average Drawdown

Average peak-to-trough decline

-4.06%

-4.58%

+0.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

3.17%

+0.08%

Volatility

EEUD.L vs. CEUR.L - Volatility Comparison

iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist) (EEUD.L) and Amundi MSCI Europe (CEUR.L) have volatilities of 4.15% and 4.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EEUD.LCEUR.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.15%

4.25%

-0.10%

Volatility (6M)

Calculated over the trailing 6-month period

10.48%

10.53%

-0.05%

Volatility (1Y)

Calculated over the trailing 1-year period

12.59%

12.44%

+0.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.95%

13.88%

+0.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.65%

14.97%

+0.68%

EEUD.L vs. CEUR.L - Expense Ratio Comparison

EEUD.L has a 0.12% expense ratio, which is higher than CEUR.L's 0.05% 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

EEUD.L vs. CEUR.L - Dividend Comparison

EEUD.L's dividend yield for the trailing twelve months is around 2.38%, while CEUR.L has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019
CEUR.L
Amundi MSCI Europe		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EEUD.L
iShares MSCI Europe ESG Enhanced UCITS ETF EUR (Dist)		2.38%2.54%2.94%2.76%2.92%2.30%1.92%2.72%

Frequently Asked Questions

With a correlation of 0.98, EEUD.L and CEUR.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, CEUR.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CEUR.L is cheaper with a 0.05% expense ratio, compared with 0.12% for EEUD.L.

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: BlackRock and Amundi. Their fees differ too: 0.12% for EEUD.L and 0.05% for CEUR.L.

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