EMNE.DE vs. LCUK.DE
EMNE.DE (iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)) and LCUK.DE (Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist) are both Europe Equities funds - EMNE.DE tracks the MSCI EMU ESG Enhanced Focus CTB Index while LCUK.DE tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 5 years, EMNE.DE returned 10.53%/yr vs 11.45%/yr for LCUK.DE. A 0.65 correlation means they provide meaningful diversification when combined. EMNE.DE charges 0.12%/yr vs 0.04%/yr for LCUK.DE.
Performance
EMNE.DE vs. LCUK.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EMNE.DE having a 10.66% return and LCUK.DE slightly lower at 10.27%.
EMNE.DE
- 1D
- -0.22%
- 1M
- -0.33%
- 6M
- 7.66%
- YTD
- 10.66%
- 1Y
- 20.09%
- 3Y*
- 15.22%
- 5Y*
- 10.53%
- 10Y*
- —
LCUK.DE
- 1D
- 0.81%
- 1M
- 2.76%
- 6M
- 7.03%
- YTD
- 10.27%
- 1Y
- 22.60%
- 3Y*
- 16.36%
- 5Y*
- 11.45%
- 10Y*
- —
EMNE.DE vs. LCUK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 10.66% | 22.18% | 9.86% | 18.79% | -12.35% | 22.75% | 1.44% | 16.09% |
LCUK.DE Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist | 10.27% | 19.81% | 13.69% | 9.65% | -4.25% | 25.69% | -15.90% | 11.10% |
Correlation
The correlation between EMNE.DE and LCUK.DE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.65 |
The correlation between EMNE.DE and LCUK.DE has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.
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Return for Risk
EMNE.DE vs. LCUK.DE — Risk / Return Rank
EMNE.DE
LCUK.DE
EMNE.DE vs. LCUK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) and Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.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.
| EMNE.DE | LCUK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.72 | -0.88 |
| Martin ratioReturn relative to average drawdown | 6.80 | 9.69 | -2.89 |
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Drawdowns
EMNE.DE vs. LCUK.DE - Drawdown Comparison
The maximum EMNE.DE drawdown since its inception was -34.37%, smaller than the maximum LCUK.DE drawdown of -41.09%. Use the drawdown chart below to compare losses from any high point for EMNE.DE and LCUK.DE.
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Drawdown Indicators
| EMNE.DE | LCUK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -41.09% | +6.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -8.28% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -16.66% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -16.66% | -8.04% |
Current DrawdownCurrent decline from peak | -2.07% | -0.57% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -5.58% | +0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.33% | +0.62% |
Volatility
EMNE.DE vs. LCUK.DE - Volatility Comparison
iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) has a higher volatility of 3.83% compared to Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.DE) at 3.46%. This indicates that EMNE.DE's price experiences larger fluctuations and is considered to be riskier than LCUK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMNE.DE | LCUK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 3.46% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 10.55% | +2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 12.52% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 14.11% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 20.33% | -0.34% |
EMNE.DE vs. LCUK.DE - Expense Ratio Comparison
EMNE.DE has a 0.12% expense ratio, which is higher than LCUK.DE's 0.04% 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
EMNE.DE vs. LCUK.DE - Dividend Comparison
EMNE.DE's dividend yield for the trailing twelve months is around 2.37%, less than LCUK.DE's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 2.37% | 2.61% | 2.95% | 3.17% | 3.34% | 2.40% | 1.85% | 2.67% |
LCUK.DE Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist | 2.74% | 3.03% | 3.73% | 3.09% | 4.08% | 3.76% | 2.95% | 3.36% |
Frequently Asked Questions
EMNE.DE and LCUK.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LCUK.DE is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCUK.DE is cheaper with a 0.04% expense ratio, compared with 0.12% for EMNE.DE.
EMNE.DE tracks MSCI EMU ESG Enhanced Focus CTB Index, while LCUK.DE tracks FTSE AllSh TR GBP. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for EMNE.DE and 0.04% for LCUK.DE.
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