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

EUE.L vs. CEUR.L

Last updated Jun 5, 2026

EUE.L (iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)) and CEUR.L (Amundi MSCI Europe) are both Europe Equities funds - EUE.L tracks the MSCI EMU NR EUR while CEUR.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, EUE.L returned 11.61%/yr vs 9.88%/yr for CEUR.L. Their correlation of 0.84 suggests significant overlap in exposure. EUE.L charges 0.10%/yr vs 0.05%/yr for CEUR.L.

Performance

EUE.L vs. CEUR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L) and Amundi MSCI Europe (CEUR.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with EUE.L having a 6.60% return and CEUR.L slightly higher at 6.66%. Over the past 10 years, EUE.L has outperformed CEUR.L with an annualized return of 11.61%, while CEUR.L has yielded a comparatively lower 9.88% annualized return.

EUE.L

1D
0.97%
1M
4.94%
YTD
6.60%
6M
7.73%
1Y
19.02%
3Y*
15.72%
5Y*
11.67%
10Y*
11.61%

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)

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

2026 (YTD)202520242023202220212020201920182017
EUE.L
iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)		6.60%27.87%6.16%20.16%-3.39%15.38%3.14%21.68%-10.63%14.51%
CEUR.L
Amundi MSCI Europe		6.66%24.46%4.90%12.93%-5.96%17.02%2.29%19.59%-9.49%14.99%

Correlation

The correlation between EUE.L and CEUR.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.93

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

0.93

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

0.93

Correlation (10Y)
Calculated over the trailing 10-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Jun 9, 2011

0.84

The correlation between EUE.L and CEUR.L has been stable across timeframes, ranging from 0.84 to 0.94 - a consistent structural relationship.

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

Sectors
EUE.L
CEUR.L

Financial Services

25.0%
25.1%

Industrials

21.7%
19.8%

Technology

17.6%
10.4%

Consumer Cyclical

9.8%
6.2%

Consumer Defensive

5.5%
7.2%

Healthcare

5.2%
13.8%

Energy

4.8%
3.5%

Utilities

4.5%
5.3%

Basic Materials

3.5%
3.8%

Communication Services

2.4%
3.4%

Real Estate

-

1.7%

Financial Services

EUE.L
25.0%
CEUR.L
25.1%

Industrials

EUE.L
21.7%
CEUR.L
19.8%

Technology

EUE.L
17.6%
CEUR.L
10.4%

Consumer Cyclical

EUE.L
9.8%
CEUR.L
6.2%

Consumer Defensive

EUE.L
5.5%
CEUR.L
7.2%

Healthcare

EUE.L
5.2%
CEUR.L
13.8%

Energy

EUE.L
4.8%
CEUR.L
3.5%

Utilities

EUE.L
4.5%
CEUR.L
5.3%

Basic Materials

EUE.L
3.5%
CEUR.L
3.8%

Communication Services

EUE.L
2.4%
CEUR.L
3.4%

Real Estate

EUE.L

-

CEUR.L
1.7%

Compare stocks, funds, or ETFs

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iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)

Amundi MSCI Europe

Often compared with EUE.L:
EUE.L vs. SPYEUE.L vs. EUN.LEUE.L vs. QQQEUE.L vs. FEZEUE.L vs. GSJYEUE.L vs. ESIT.DEEUE.L vs. INAA.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

EUE.L vs. CEUR.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUE.L
EUE.L Risk / Return Rank: 3535
Overall Rank
EUE.L Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
EUE.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
EUE.L Omega Ratio Rank: 3535
Omega Ratio Rank
EUE.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
EUE.L Martin Ratio Rank: 3636
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.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.

EUE.LCEUR.LDifference
Sharpe ratioReturn per unit of total volatility
1.25
1.54

-0.30

Sortino ratioReturn per unit of downside risk
1.87
2.18

-0.31

Omega ratioGain probability vs. loss probability

1.23

1.29

-0.06

Calmar ratioReturn relative to maximum drawdown

1.64

1.74

-0.09

Martin ratioReturn relative to average drawdown

5.51

6.06

-0.55

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

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

The current EUE.L Sharpe Ratio is 1.25, which is comparable to the CEUR.L Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of EUE.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

EUE.LCEUR.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.25

1.54

-0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

0.68

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

0.66

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

0.56

-0.29

Drawdowns

EUE.L vs. CEUR.L - Drawdown Comparison

The maximum EUE.L drawdown since its inception was -48.69%, which is greater than CEUR.L's maximum drawdown of -28.63%. Use the drawdown chart below to compare losses from any high point for EUE.L and CEUR.L.

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Drawdown Indicators

EUE.LCEUR.LDifference

Max Drawdown

Largest peak-to-trough decline

-48.69%

-28.63%

-20.06%

Max Drawdown (1Y)

Largest decline over 1 year

-11.53%

-11.05%

-0.48%

Max Drawdown (3Y)

Largest decline over 3 years

-14.41%

-12.66%

-1.75%

Max Drawdown (5Y)

Largest decline over 5 years

-21.94%

-17.85%

-4.09%

Max Drawdown (10Y)

Largest decline over 10 years

-31.97%

-28.63%

-3.34%

Current Drawdown

Current decline from peak

-0.49%

-1.52%

+1.03%

Average Drawdown

Average peak-to-trough decline

-11.17%

-4.58%

-6.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.44%

3.17%

+0.27%

Volatility

EUE.L vs. CEUR.L - Volatility Comparison

iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L) has a higher volatility of 4.95% compared to Amundi MSCI Europe (CEUR.L) at 4.25%. This indicates that EUE.L's price experiences larger fluctuations and is considered to be riskier than CEUR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EUE.LCEUR.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.95%

4.25%

+0.70%

Volatility (6M)

Calculated over the trailing 6-month period

12.42%

10.53%

+1.89%

Volatility (1Y)

Calculated over the trailing 1-year period

15.21%

12.44%

+2.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.42%

13.88%

+3.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.91%

14.97%

+2.94%

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

EUE.L has a 0.10% 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

EUE.L vs. CEUR.L - Dividend Comparison

EUE.L's dividend yield for the trailing twelve months is around 2.55%, while CEUR.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CEUR.L
Amundi MSCI Europe		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EUE.L
iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)		2.55%2.46%3.09%3.00%2.79%2.10%2.13%3.20%3.64%2.84%3.32%2.85%

Frequently Asked Questions

With a correlation of 0.93, EUE.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 0.10% for EUE.L.

EUE.L tracks MSCI EMU NR EUR, while CEUR.L tracks MSCI Europe NR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.10% for EUE.L and 0.05% for CEUR.L.

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