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

EUMV.L vs. LEMV.L

Last updated Jun 5, 2026

EUMV.L (Ossiam Europe ESG Machine Learning ETF UCITS (EUR)) and LEMV.L (Ossiam Europe ESG Machine Learning ETF UCITS (EUR)) 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 6.78%/yr for LEMV.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.

Performance

EUMV.L vs. LEMV.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 Europe ESG Machine Learning ETF UCITS (EUR) (LEMV.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 LEMV.L is traded in GBp. To make them comparable, the LEMV.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with EUMV.L at 5.51% and LEMV.L at 5.51%. Both investments have delivered pretty close results over the past 10 years, with EUMV.L having a 6.77% annualized return and LEMV.L not far ahead at 6.78%.

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%

LEMV.L

1D
0.70%
1M
-0.28%
YTD
5.51%
6M
7.16%
1Y
4.35%
3Y*
11.14%
5Y*
6.89%
10Y*
6.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUMV.L vs. LEMV.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%
LEMV.L
Ossiam Europe ESG Machine Learning ETF UCITS (EUR)		5.51%11.76%14.63%6.82%-13.86%22.67%0.65%19.57%-5.22%11.53%

Correlation

The correlation between EUMV.L and LEMV.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.97

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

0.97

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

0.96

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

0.94

Correlation (All Time)
Calculated using the full available price history since Feb 15, 2013

0.94

The correlation between EUMV.L and LEMV.L has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

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

Sectors
EUMV.L
LEMV.L

Utilities

20.2%
20.2%

Industrials

18.7%
18.7%

Financial Services

17.1%
17.1%

Communication Services

16.5%
16.5%

Real Estate

11.6%
11.6%

Technology

9.8%
9.8%

Energy

2.2%
2.2%

Consumer Cyclical

2.1%
2.1%

Healthcare

1.3%
1.3%

Consumer Defensive

1.1%
1.1%

Basic Materials

0.4%
0.4%

Utilities

EUMV.L
20.2%
LEMV.L
20.2%

Industrials

EUMV.L
18.7%
LEMV.L
18.7%

Financial Services

EUMV.L
17.1%
LEMV.L
17.1%

Communication Services

EUMV.L
16.5%
LEMV.L
16.5%

Real Estate

EUMV.L
11.6%
LEMV.L
11.6%

Technology

EUMV.L
9.8%
LEMV.L
9.8%

Energy

EUMV.L
2.2%
LEMV.L
2.2%

Consumer Cyclical

EUMV.L
2.1%
LEMV.L
2.1%

Healthcare

EUMV.L
1.3%
LEMV.L
1.3%

Consumer Defensive

EUMV.L
1.1%
LEMV.L
1.1%

Basic Materials

EUMV.L
0.4%
LEMV.L
0.4%

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Ossiam Europe ESG Machine Learning ETF UCITS (EUR)

Ossiam Europe ESG Machine Learning ETF UCITS (EUR)

Often compared with EUMV.L:
EUMV.L vs. L6EW.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 LEMV.L:
LEMV.L vs. 5HEP.LLEMV.L vs. L6EW.LLEMV.L vs. CAPU.LLEMV.L vs. EDIV.LLEMV.L vs. LCPE.LLEMV.L vs. CS1.LLEMV.L vs. IMV.L

Return for Risk

EUMV.L vs. LEMV.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
LEMV.L
LEMV.L Risk / Return Rank: 2121
Overall Rank
LEMV.L Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
LEMV.L Sortino Ratio Rank: 2020
Sortino Ratio Rank
LEMV.L Omega Ratio Rank: 2121
Omega Ratio Rank
LEMV.L Calmar Ratio Rank: 1919
Calmar Ratio Rank
LEMV.L Martin Ratio Rank: 2222
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. LEMV.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 Europe ESG Machine Learning ETF UCITS (EUR) (LEMV.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.LLEMV.LDifference
Sharpe ratioReturn per unit of total volatility
0.42
0.42

0.00

Sortino ratioReturn per unit of downside risk
0.64
0.65

-0.01

Omega ratioGain probability vs. loss probability

1.08

1.08

0.00

Calmar ratioReturn relative to maximum drawdown

0.55

0.55

0.00

Martin ratioReturn relative to average drawdown

1.56

1.57

-0.01

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. LEMV.L - Sharpe Ratio Comparison

The current EUMV.L Sharpe Ratio is 0.42, which is comparable to the LEMV.L Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of EUMV.L and LEMV.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.LLEMV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.42

0.42

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

0.58

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.54

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.64

-0.01

Drawdowns

EUMV.L vs. LEMV.L - Drawdown Comparison

The maximum EUMV.L drawdown since its inception was -30.58%, roughly equal to the maximum LEMV.L drawdown of -30.15%. Use the drawdown chart below to compare losses from any high point for EUMV.L and LEMV.L.

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Drawdown Indicators

EUMV.LLEMV.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.58%

-30.15%

-0.43%

Max Drawdown (1Y)

Largest decline over 1 year

-7.79%

-7.93%

+0.14%

Max Drawdown (3Y)

Largest decline over 3 years

-12.32%

-12.26%

-0.06%

Max Drawdown (5Y)

Largest decline over 5 years

-20.37%

-20.68%

+0.31%

Max Drawdown (10Y)

Largest decline over 10 years

-30.58%

-30.15%

-0.43%

Current Drawdown

Current decline from peak

-1.83%

-1.82%

-0.01%

Average Drawdown

Average peak-to-trough decline

-5.23%

-5.19%

-0.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.74%

2.76%

-0.02%

Volatility

EUMV.L vs. LEMV.L - Volatility Comparison

Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.L) has a higher volatility of 3.26% compared to Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (LEMV.L) at 3.04%. This indicates that EUMV.L's price experiences larger fluctuations and is considered to be riskier than LEMV.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.LLEMV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.26%

3.04%

+0.22%

Volatility (6M)

Calculated over the trailing 6-month period

8.53%

8.56%

-0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

10.22%

10.25%

-0.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.83%

11.86%

-0.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.37%

12.53%

-0.16%

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

Both EUMV.L and LEMV.L have an expense ratio of 0.45%.

Dividends

EUMV.L vs. LEMV.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.97, EUMV.L and LEMV.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.

Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

EUMV.L and LEMV.L have the same expense ratio: 0.45% per year.

Both ETFs track MSCI Europe NR EUR.

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