EUPA.L vs. CMU.L
EUPA.L (Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF) and CMU.L (Amundi ETF MSCI EMU ESG Leaders Select) are both Europe Equities funds - EUPA.L tracks the MSCI Europe NR EUR while CMU.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, EUPA.L returned 6.23%/yr vs 10.52%/yr for CMU.L. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
EUPA.L vs. CMU.L - Performance Comparison
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Different Trading Currencies
EUPA.L is traded in GBP, while CMU.L is traded in GBp. To make them comparable, the CMU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUPA.L achieves a 4.38% return, which is significantly lower than CMU.L's 15.89% return.
EUPA.L
- 1D
- 0.65%
- 1M
- 3.80%
- YTD
- 4.38%
- 6M
- 5.66%
- 1Y
- 8.58%
- 3Y*
- 7.50%
- 5Y*
- 6.23%
- 10Y*
- —
CMU.L
- 1D
- 0.33%
- 1M
- 8.13%
- YTD
- 15.89%
- 6M
- 17.12%
- 1Y
- 29.56%
- 3Y*
- 16.11%
- 5Y*
- 10.52%
- 10Y*
- 10.79%
EUPA.L vs. CMU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EUPA.L Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF | 4.38% | 11.10% | 2.65% | 13.53% | -5.80% | 15.83% | 10.92% |
CMU.L Amundi ETF MSCI EMU ESG Leaders Select | 15.89% | 25.71% | 1.42% | 14.39% | -5.30% | 13.03% | 13.56% |
Correlation
The correlation between EUPA.L and CMU.L is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2020 | 0.78 |
The correlation between EUPA.L and CMU.L shifts across timeframes, from 0.63 (3 years) to 0.83 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EUPA.L vs. CMU.L — Risk / Return Rank
EUPA.L
CMU.L
EUPA.L vs. CMU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF (EUPA.L) and Amundi ETF MSCI EMU ESG Leaders Select (CMU.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.
| EUPA.L | CMU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.37 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 2.58 | -1.86 |
| Martin ratioReturn relative to average drawdown | 2.21 | 9.67 | -7.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUPA.L | CMU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 1.98 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.66 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.49 | +0.12 |
Drawdowns
EUPA.L vs. CMU.L - Drawdown Comparison
The maximum EUPA.L drawdown since its inception was -18.43%, smaller than the maximum CMU.L drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for EUPA.L and CMU.L.
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Drawdown Indicators
| EUPA.L | CMU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.43% | -32.53% | +14.10% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -11.43% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -11.95% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -18.43% | -21.11% | +2.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.41% | — |
Current DrawdownCurrent decline from peak | -3.00% | -0.18% | -2.82% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -5.80% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 3.05% | +0.82% |
Volatility
EUPA.L vs. CMU.L - Volatility Comparison
The current volatility for Franklin STOXX Europe 600 Paris Aligned Climate UCITS ETF (EUPA.L) is 4.37%, while Amundi ETF MSCI EMU ESG Leaders Select (CMU.L) has a volatility of 5.34%. This indicates that EUPA.L experiences smaller price fluctuations and is considered to be less risky than CMU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUPA.L | CMU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 5.34% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 11.07% | 12.44% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.27% | 14.86% | -1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 16.00% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.47% | 16.78% | -2.31% |
EUPA.L vs. CMU.L - Expense Ratio Comparison
Both EUPA.L and CMU.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUPA.L vs. CMU.L - Dividend Comparison
Neither EUPA.L nor CMU.L has paid dividends to shareholders.
Frequently Asked Questions
EUPA.L and CMU.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUPA.L and CMU.L have the same expense ratio: 0.15% per year.
EUPA.L tracks MSCI Europe NR EUR, while CMU.L tracks MSCI EMU NR EUR. They also come from different issuers: Franklin Templeton and Amundi.
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