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EUMV.L vs. L6EW.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUMV.L vs. L6EW.L

Last updated Jun 5, 2026

EUMV.L (Ossiam Europe ESG Machine Learning ETF UCITS (EUR)) and L6EW.L (Ossiam Stoxx Europe 600 Equal Weight NR UCITS) are both Europe Equities funds from Natixis tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, EUMV.L returned 6.77%/yr vs 7.37%/yr for L6EW.L. Their correlation of 0.81 suggests significant overlap in exposure. EUMV.L charges 0.45%/yr vs 0.35%/yr for L6EW.L.

Performance

EUMV.L vs. L6EW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.L) and Ossiam Stoxx Europe 600 Equal Weight NR UCITS (L6EW.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EUMV.L is traded in EUR, while L6EW.L is traded in GBp. To make them comparable, the L6EW.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with EUMV.L having a 5.51% return and L6EW.L slightly higher at 5.62%. Over the past 10 years, EUMV.L has underperformed L6EW.L with an annualized return of 6.77%, while L6EW.L has yielded a comparatively higher 7.37% annualized return.

EUMV.L

1D
0.60%
1M
-0.34%
YTD
5.51%
6M
7.03%
1Y
4.29%
3Y*
11.20%
5Y*
6.88%
10Y*
6.77%

L6EW.L

1D
0.45%
1M
2.42%
YTD
5.62%
6M
8.18%
1Y
12.28%
3Y*
11.19%
5Y*
5.06%
10Y*
7.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUMV.L vs. L6EW.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EUMV.L
Ossiam Europe ESG Machine Learning ETF UCITS (EUR)		5.51%12.06%14.58%6.69%-13.94%23.14%0.82%18.31%-4.96%12.22%
L6EW.L
Ossiam Stoxx Europe 600 Equal Weight NR UCITS		5.62%16.84%4.55%15.00%-18.20%20.93%1.47%28.84%-12.01%14.22%

Correlation

The correlation between EUMV.L and L6EW.L is 0.81, 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

0.81

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

0.82

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

0.82

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

0.79

Correlation (All Time)
Calculated using the full available price history since Feb 22, 2013

0.81

The correlation between EUMV.L and L6EW.L has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.

EUMV.L vs. L6EW.L - Sectors Allocation Comparison

Sectors
EUMV.L
L6EW.L

Utilities

20.2%
5.0%

Industrials

18.7%
23.1%

Financial Services

17.1%
19.9%

Communication Services

16.5%
5.0%

Real Estate

11.6%
5.8%

Technology

9.8%
5.0%

Energy

2.2%
1.5%

Consumer Cyclical

2.1%
10.9%

Healthcare

1.3%
8.4%

Consumer Defensive

1.1%
7.7%

Basic Materials

0.4%
7.6%

Utilities

EUMV.L
20.2%
L6EW.L
5.0%

Industrials

EUMV.L
18.7%
L6EW.L
23.1%

Financial Services

EUMV.L
17.1%
L6EW.L
19.9%

Communication Services

EUMV.L
16.5%
L6EW.L
5.0%

Real Estate

EUMV.L
11.6%
L6EW.L
5.8%

Technology

EUMV.L
9.8%
L6EW.L
5.0%

Energy

EUMV.L
2.2%
L6EW.L
1.5%

Consumer Cyclical

EUMV.L
2.1%
L6EW.L
10.9%

Healthcare

EUMV.L
1.3%
L6EW.L
8.4%

Consumer Defensive

EUMV.L
1.1%
L6EW.L
7.7%

Basic Materials

EUMV.L
0.4%
L6EW.L
7.6%

Compare stocks, funds, or ETFs

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Ossiam Europe ESG Machine Learning ETF UCITS (EUR)

Ossiam Stoxx Europe 600 Equal Weight NR UCITS

Often compared with EUMV.L:
EUMV.L vs. LEMV.LEUMV.L vs. CAPU.LEUMV.L vs. MMS.LEUMV.L vs. 5HEP.LEUMV.L vs. LCPE.LEUMV.L vs. LGUK.LEUMV.L vs. FLXD.L
Often compared with L6EW.L:
L6EW.L vs. 5HEP.LL6EW.L vs. LEMV.LL6EW.L vs. CSKR.LL6EW.L vs. IMV.LL6EW.L vs. CAPU.LL6EW.L vs. LCPE.LL6EW.L vs. LCUK.L

Return for Risk

EUMV.L vs. L6EW.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUMV.L
EUMV.L Risk / Return Rank: 1515
Overall Rank
EUMV.L Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
EUMV.L Sortino Ratio Rank: 1515
Sortino Ratio Rank
EUMV.L Omega Ratio Rank: 1515
Omega Ratio Rank
EUMV.L Calmar Ratio Rank: 1616
Calmar Ratio Rank
EUMV.L Martin Ratio Rank: 1717
Martin Ratio Rank
L6EW.L
L6EW.L Risk / Return Rank: 3333
Overall Rank
L6EW.L Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
L6EW.L Sortino Ratio Rank: 3434
Sortino Ratio Rank
L6EW.L Omega Ratio Rank: 3535
Omega Ratio Rank
L6EW.L Calmar Ratio Rank: 2828
Calmar Ratio Rank
L6EW.L Martin Ratio Rank: 3232
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.

EUMV.L vs. L6EW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.L) and Ossiam Stoxx Europe 600 Equal Weight NR UCITS (L6EW.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.

EUMV.LL6EW.LDifference
Sharpe ratioReturn per unit of total volatility
0.42
0.97

-0.56

Sortino ratioReturn per unit of downside risk
0.64
1.43

-0.79

Omega ratioGain probability vs. loss probability

1.08

1.18

-0.10

Calmar ratioReturn relative to maximum drawdown

0.55

1.17

-0.62

Martin ratioReturn relative to average drawdown

1.56

4.30

-2.74

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

EUMV.L vs. L6EW.L - Sharpe Ratio Comparison

The current EUMV.L Sharpe Ratio is 0.42, which is lower than the L6EW.L Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of EUMV.L and L6EW.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

EUMV.LL6EW.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.42

0.97

-0.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

0.32

+0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.45

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.53

+0.09

Drawdowns

EUMV.L vs. L6EW.L - Drawdown Comparison

The maximum EUMV.L drawdown since its inception was -30.58%, smaller than the maximum L6EW.L drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for EUMV.L and L6EW.L.

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Drawdown Indicators

EUMV.LL6EW.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.58%

-38.41%

+7.83%

Max Drawdown (1Y)

Largest decline over 1 year

-7.79%

-10.43%

+2.64%

Max Drawdown (3Y)

Largest decline over 3 years

-12.32%

-14.67%

+2.35%

Max Drawdown (5Y)

Largest decline over 5 years

-20.37%

-29.48%

+9.11%

Max Drawdown (10Y)

Largest decline over 10 years

-30.58%

-38.41%

+7.83%

Current Drawdown

Current decline from peak

-1.83%

-0.99%

-0.84%

Average Drawdown

Average peak-to-trough decline

-5.23%

-6.62%

+1.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.74%

2.85%

-0.11%

Volatility

EUMV.L vs. L6EW.L - Volatility Comparison

The current volatility for Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.L) is 3.26%, while Ossiam Stoxx Europe 600 Equal Weight NR UCITS (L6EW.L) has a volatility of 4.04%. This indicates that EUMV.L experiences smaller price fluctuations and is considered to be less risky than L6EW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EUMV.LL6EW.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.26%

4.04%

-0.78%

Volatility (6M)

Calculated over the trailing 6-month period

8.53%

10.22%

-1.69%

Volatility (1Y)

Calculated over the trailing 1-year period

10.22%

12.58%

-2.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.83%

15.59%

-3.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.37%

16.52%

-4.15%

EUMV.L vs. L6EW.L - Expense Ratio Comparison

EUMV.L has a 0.45% expense ratio, which is higher than L6EW.L's 0.35% expense ratio.

Dividends

EUMV.L vs. L6EW.L - Dividend Comparison

Neither EUMV.L nor L6EW.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

EUMV.L and L6EW.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, L6EW.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

L6EW.L is cheaper with a 0.35% expense ratio, compared with 0.45% for EUMV.L.

Both ETFs track MSCI Europe NR EUR. Their fees differ too: 0.45% for EUMV.L and 0.35% for L6EW.L.

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