EMUM.L vs. LCUK.L
EMUM.L (iShares MSCI EMU Mid Cap UCITS ETF EUR (Acc)) and LCUK.L (Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist) are both Europe Equities funds - EMUM.L tracks the MSCI EMU Mid Cap Net Index while LCUK.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 3 years, EMUM.L returned 19.92%/yr vs 16.39%/yr for LCUK.L. At a 0.24 correlation, their price movements are largely independent. EMUM.L charges 0.49%/yr vs 0.04%/yr for LCUK.L.
Performance
EMUM.L vs. LCUK.L - Performance Comparison
Loading charts...
Different Trading Currencies
EMUM.L is traded in EUR, while LCUK.L is traded in GBP. To make them comparable, the LCUK.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMUM.L achieves a 13.16% return, which is significantly higher than LCUK.L's 10.60% return.
EMUM.L
- 1D
- -0.66%
- 1M
- 0.95%
- 6M
- 10.50%
- YTD
- 13.16%
- 1Y
- 20.57%
- 3Y*
- 19.92%
- 5Y*
- —
- 10Y*
- —
LCUK.L
- 1D
- 0.60%
- 1M
- 2.57%
- 6M
- 6.92%
- YTD
- 10.60%
- 1Y
- 22.61%
- 3Y*
- 16.39%
- 5Y*
- 11.49%
- 10Y*
- —
EMUM.L vs. LCUK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EMUM.L iShares MSCI EMU Mid Cap UCITS ETF EUR (Acc) | 13.16% | 31.38% | 11.63% | 9.56% | -14.55% |
LCUK.L Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist | 10.60% | 18.32% | 14.32% | 9.46% | -5.33% |
Correlation
The correlation between EMUM.L and LCUK.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2022 | 0.24 |
Over the past year, EMUM.L and LCUK.L have become more correlated (0.49) than their long-term average of 0.24, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMUM.L vs. LCUK.L — Risk / Return Rank
EMUM.L
LCUK.L
EMUM.L vs. LCUK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Mid Cap UCITS ETF EUR (Acc) (EMUM.L) and Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.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.
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.
| EMUM.L | LCUK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.77 | -0.05 |
| Martin ratioReturn relative to average drawdown | 9.65 | 9.82 | -0.17 |
Loading charts...
Drawdowns
EMUM.L vs. LCUK.L - Drawdown Comparison
The maximum EMUM.L drawdown since its inception was -23.13%, smaller than the maximum LCUK.L drawdown of -40.90%. Use the drawdown chart below to compare losses from any high point for EMUM.L and LCUK.L.
Loading charts...
Drawdown Indicators
| EMUM.L | LCUK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -40.90% | +17.77% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -8.11% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -14.40% | -15.94% | +1.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.94% | — |
Current DrawdownCurrent decline from peak | -1.26% | -0.65% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -5.62% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.30% | -0.09% |
Volatility
EMUM.L vs. LCUK.L - Volatility Comparison
The current volatility for iShares MSCI EMU Mid Cap UCITS ETF EUR (Acc) (EMUM.L) is 3.11%, while Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.L) has a volatility of 3.43%. This indicates that EMUM.L experiences smaller price fluctuations and is considered to be less risky than LCUK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMUM.L | LCUK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 3.43% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 10.31% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.17% | 12.45% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.57% | 14.18% | +11.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.57% | 17.14% | +8.43% |
EMUM.L vs. LCUK.L - Expense Ratio Comparison
EMUM.L has a 0.49% expense ratio, which is higher than LCUK.L's 0.04% expense ratio.
Dividends
EMUM.L vs. LCUK.L - Dividend Comparison
EMUM.L has not paid dividends to shareholders, while LCUK.L's dividend yield for the trailing twelve months is around 2.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMUM.L iShares MSCI EMU Mid Cap UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LCUK.L Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist | 2.83% | 3.04% | 3.68% | 3.05% | 3.93% | 3.87% | 2.99% | 3.48% |
Frequently Asked Questions
EMUM.L and LCUK.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LCUK.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCUK.L is cheaper with a 0.04% expense ratio, compared with 0.49% for EMUM.L.
EMUM.L tracks MSCI EMU Mid Cap Net Index, while LCUK.L tracks FTSE AllSh TR GBP. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.49% for EMUM.L and 0.04% for LCUK.L.
Find the right allocation for EMUM.L and LCUK.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer