EMID.L vs. LCPE.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI Europe Mid Cap UCITS ETF (EMID.L) and Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS (LCPE.L).

EMID.L and LCPE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMID.L is a passively managed fund by iShares that tracks the performance of the MSCI Europe SMID NR EUR. It was launched on Jun 6, 2017. LCPE.L is a passively managed fund by Natixis that tracks the performance of the MSCI Europe NR EUR. It was launched on Dec 30, 2014. Both EMID.L and LCPE.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EMID.L vs. LCPE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI Europe Mid Cap UCITS ETF (EMID.L) and Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS (LCPE.L). The values are adjusted to include any dividend payments, if applicable.

EMID.L vs. LCPE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMID.L iShares MSCI Europe Mid Cap UCITS ETF	3.32%	22.78%	9.74%	13.61%	-18.63%	21.77%	3.00%	34.61%	-15.31%	2.86%
LCPE.L Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS	9.36%	12.93%	1.63%	12.75%	-3.37%	23.79%	2.17%	17.94%	-2.63%	-3.10%

Different Trading Currencies

EMID.L is traded in EUR, while LCPE.L is traded in GBp. To make them comparable, the LCPE.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EMID.L achieves a 3.32% return, which is significantly lower than LCPE.L's 9.36% return.

EMID.L

• 1D: 2.39%
• 1M: -3.01%
• YTD: 3.32%
• 6M: 7.67%
• 1Y: 19.69%
• 3Y*: 14.01%
• 5Y*: 7.63%
• 10Y*: —

LCPE.L

• 1D: -0.02%
• 1M: -0.88%
• YTD: 9.36%
• 6M: 15.64%
• 1Y: 18.91%
• 3Y*: 10.67%
• 5Y*: 9.00%
• 10Y*: 8.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMID.L vs. LCPE.L - Expense Ratio Comparison

EMID.L has a 0.15% expense ratio, which is lower than LCPE.L's 0.65% expense ratio.

LCPE.L

Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS

EMID.L

iShares MSCI Europe Mid Cap UCITS ETF

Return for Risk

EMID.L vs. LCPE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMID.L

EMID.L Risk / Return Rank: 71
EMID.L Sharpe Ratio Rank: 72
EMID.L Sortino Ratio Rank: 66
EMID.L Omega Ratio Rank: 71
EMID.L Calmar Ratio Rank: 73
EMID.L Martin Ratio Rank: 72

LCPE.L

LCPE.L Risk / Return Rank: 80
LCPE.L Sharpe Ratio Rank: 86
LCPE.L Sortino Ratio Rank: 85
LCPE.L Omega Ratio Rank: 86
LCPE.L Calmar Ratio Rank: 69
LCPE.L Martin Ratio Rank: 74

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.

EMID.L vs. LCPE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Mid Cap UCITS ETF (EMID.L) and Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS (LCPE.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.

	EMID.L	LCPE.L	Difference
Sharpe ratio Return per unit of total volatility	1.34	1.42	-0.08
Sortino ratio Return per unit of downside risk	1.77	1.79	-0.02
Omega ratio Gain probability vs. loss probability	1.28	1.29	-0.01
Calmar ratio Return relative to maximum drawdown	2.13	1.19	+0.94
Martin ratio Return relative to average drawdown	8.43	4.60	+3.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMID.L vs. LCPE.L - Sharpe Ratio Comparison

The current EMID.L Sharpe Ratio is 1.34, which is comparable to the LCPE.L Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of EMID.L and LCPE.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EMID.L	LCPE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	1.42	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.95	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.70	-0.07

Correlation

The correlation between EMID.L and LCPE.L is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EMID.L vs. LCPE.L - Dividend Comparison

EMID.L's dividend yield for the trailing twelve months is around 2.69%, while LCPE.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMID.L iShares MSCI Europe Mid Cap UCITS ETF	2.69%	2.78%	2.75%	2.43%	2.61%	1.77%	1.39%	2.30%	2.92%	0.48%
LCPE.L Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

EMID.L vs. LCPE.L - Drawdown Comparison

The maximum EMID.L drawdown since its inception was -37.54%, which is greater than LCPE.L's maximum drawdown of -32.81%. Use the drawdown chart below to compare losses from any high point for EMID.L and LCPE.L.

Drawdown Indicators

	EMID.L	LCPE.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.54%	-27.05%	-10.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-8.37%	-2.65%
Max Drawdown (5Y) Largest decline over 5 years	-29.12%	-12.39%	-16.73%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.05%	—
Current Drawdown Current decline from peak	-4.21%	-1.95%	-2.26%
Average Drawdown Average peak-to-trough decline	-6.08%	-3.61%	-2.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	2.37%	+0.04%

Volatility

EMID.L vs. LCPE.L - Volatility Comparison

iShares MSCI Europe Mid Cap UCITS ETF (EMID.L) has a higher volatility of 5.82% compared to Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS (LCPE.L) at 3.94%. This indicates that EMID.L's price experiences larger fluctuations and is considered to be riskier than LCPE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMID.L	LCPE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.82%	3.94%	+1.88%
Volatility (6M) Calculated over the trailing 6-month period	8.87%	8.12%	+0.75%
Volatility (1Y) Calculated over the trailing 1-year period	14.62%	13.88%	+0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.13%	19.10%	-0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.48%	22.57%	-1.09%