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FEUD.L vs. CUKS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FEUD.L vs. CUKS.L

Last updated Jun 4, 2026

FEUD.L (First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares) and CUKS.L (iShares MSCI UK Small Cap UCITS ETF (Acc)) are both Europe Equities funds - FEUD.L tracks the MSCI EMU NR EUR while CUKS.L tracks the FTSE Small Cap Ex Invest Trust TR GBP. Both are passively managed. Over the past 5 years, FEUD.L returned 11.70%/yr vs 1.07%/yr for CUKS.L. A 0.57 correlation means they provide meaningful diversification when combined. FEUD.L charges 0.75%/yr vs 0.58%/yr for CUKS.L.

Performance

FEUD.L vs. CUKS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares (FEUD.L) and iShares MSCI UK Small Cap UCITS ETF (Acc) (CUKS.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FEUD.L achieves a 12.20% return, which is significantly higher than CUKS.L's 2.25% return.

FEUD.L

1D
-0.28%
1M
3.00%
YTD
12.20%
6M
16.08%
1Y
33.92%
3Y*
22.42%
5Y*
11.70%
10Y*
—

CUKS.L

1D
-0.44%
1M
2.06%
YTD
2.25%
6M
5.31%
1Y
10.20%
3Y*
9.53%
5Y*
1.07%
10Y*
4.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FEUD.L vs. CUKS.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FEUD.L
First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares		12.20%47.89%4.04%10.07%-9.74%13.79%0.98%17.82%-15.76%
CUKS.L
iShares MSCI UK Small Cap UCITS ETF (Acc)		2.25%14.90%5.74%9.76%-22.81%14.33%-6.24%29.73%-15.44%

Correlation

The correlation between FEUD.L and CUKS.L is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.58

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

0.62

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

0.61

Correlation (All Time)
Calculated using the full available price history since Sep 10, 2018

0.57

The correlation between FEUD.L and CUKS.L has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.

FEUD.L vs. CUKS.L - Sectors Allocation Comparison

Sectors
FEUD.L
CUKS.L

Industrials

27.4%
21.1%

Energy

10.8%
3.3%

Financial Services

10.6%
24.0%

Consumer Cyclical

9.2%
15.3%

Utilities

8.3%
3.0%

Basic Materials

7.5%
6.6%

Real Estate

6.0%
9.0%

Technology

6.0%
4.2%

Consumer Defensive

5.3%
4.1%

Healthcare

5.2%
3.3%

Communication Services

3.7%
6.2%

Industrials

FEUD.L
27.4%
CUKS.L
21.1%

Energy

FEUD.L
10.8%
CUKS.L
3.3%

Financial Services

FEUD.L
10.6%
CUKS.L
24.0%

Consumer Cyclical

FEUD.L
9.2%
CUKS.L
15.3%

Utilities

FEUD.L
8.3%
CUKS.L
3.0%

Basic Materials

FEUD.L
7.5%
CUKS.L
6.6%

Real Estate

FEUD.L
6.0%
CUKS.L
9.0%

Technology

FEUD.L
6.0%
CUKS.L
4.2%

Consumer Defensive

FEUD.L
5.3%
CUKS.L
4.1%

Healthcare

FEUD.L
5.2%
CUKS.L
3.3%

Communication Services

FEUD.L
3.7%
CUKS.L
6.2%

Compare stocks, funds, or ETFs

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First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares

iShares MSCI UK Small Cap UCITS ETF (Acc)

Often compared with FEUD.L:
FEUD.L vs. EZUFEUD.L vs. FPX.LFEUD.L vs. FCBR.LFEUD.L vs. EUHD.LFEUD.L vs. FDN.LFEUD.L vs. CAPS.LFEUD.L vs. SX5S.L
Often compared with CUKS.L:
CUKS.L vs. VMIG.LCUKS.L vs. MIDD.LCUKS.L vs. IITU.LCUKS.L vs. AEICUKS.L vs. CUKX.LCUKS.L vs. VUKG.LCUKS.L vs. AVUV

Return for Risk

FEUD.L vs. CUKS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEUD.L
FEUD.L Risk / Return Rank: 7575
Overall Rank
FEUD.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
FEUD.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
FEUD.L Omega Ratio Rank: 7979
Omega Ratio Rank
FEUD.L Calmar Ratio Rank: 7272
Calmar Ratio Rank
FEUD.L Martin Ratio Rank: 6969
Martin Ratio Rank
CUKS.L
CUKS.L Risk / Return Rank: 2121
Overall Rank
CUKS.L Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
CUKS.L Sortino Ratio Rank: 2222
Sortino Ratio Rank
CUKS.L Omega Ratio Rank: 2222
Omega Ratio Rank
CUKS.L Calmar Ratio Rank: 2020
Calmar Ratio Rank
CUKS.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.

FEUD.L vs. CUKS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares (FEUD.L) and iShares MSCI UK Small Cap UCITS ETF (Acc) (CUKS.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.

FEUD.LCUKS.LDifference
Sharpe ratioReturn per unit of total volatility
2.59
0.76

+1.83

Sortino ratioReturn per unit of downside risk
3.36
1.17

+2.19

Omega ratioGain probability vs. loss probability

1.47

1.15

+0.33

Calmar ratioReturn relative to maximum drawdown

3.54

0.83

+2.71

Martin ratioReturn relative to average drawdown

12.62

2.68

+9.94

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

FEUD.L vs. CUKS.L - Sharpe Ratio Comparison

The current FEUD.L Sharpe Ratio is 2.59, which is higher than the CUKS.L Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of FEUD.L and CUKS.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

FEUD.LCUKS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.59

0.76

+1.83

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.78

0.07

+0.71

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.28

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.47

+0.09

Drawdowns

FEUD.L vs. CUKS.L - Drawdown Comparison

The maximum FEUD.L drawdown since its inception was -34.17%, smaller than the maximum CUKS.L drawdown of -42.42%. Use the drawdown chart below to compare losses from any high point for FEUD.L and CUKS.L.

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Drawdown Indicators

FEUD.LCUKS.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.17%

-42.42%

+8.25%

Max Drawdown (1Y)

Largest decline over 1 year

-10.60%

-12.28%

+1.68%

Max Drawdown (3Y)

Largest decline over 3 years

-14.03%

-16.88%

+2.85%

Max Drawdown (5Y)

Largest decline over 5 years

-23.21%

-35.35%

+12.14%

Max Drawdown (10Y)

Largest decline over 10 years

—

-42.42%

—

Current Drawdown

Current decline from peak

-0.35%

-4.42%

+4.07%

Average Drawdown

Average peak-to-trough decline

-6.69%

-9.28%

+2.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.85%

3.80%

-0.95%

Volatility

FEUD.L vs. CUKS.L - Volatility Comparison

First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares (FEUD.L) and iShares MSCI UK Small Cap UCITS ETF (Acc) (CUKS.L) have volatilities of 3.98% and 4.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FEUD.LCUKS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.98%

4.09%

-0.11%

Volatility (6M)

Calculated over the trailing 6-month period

11.64%

11.09%

+0.55%

Volatility (1Y)

Calculated over the trailing 1-year period

14.52%

13.38%

+1.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.64%

15.99%

+1.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.90%

17.02%

+2.88%

FEUD.L vs. CUKS.L - Expense Ratio Comparison

FEUD.L has a 0.75% expense ratio, which is higher than CUKS.L's 0.58% expense ratio.

Dividends

FEUD.L vs. CUKS.L - Dividend Comparison

FEUD.L's dividend yield for the trailing twelve months is around 2.77%, while CUKS.L has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019
CUKS.L
iShares MSCI UK Small Cap UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FEUD.L
First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares		2.77%3.05%3.72%2.76%2.50%1.94%1.01%1.75%

Frequently Asked Questions

FEUD.L and CUKS.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CUKS.L is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CUKS.L is cheaper with a 0.58% expense ratio, compared with 0.75% for FEUD.L.

FEUD.L tracks MSCI EMU NR EUR, while CUKS.L tracks FTSE Small Cap Ex Invest Trust TR GBP. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.75% for FEUD.L and 0.58% for CUKS.L.

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