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H50E.L vs. LCUK.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

H50E.L vs. LCUK.L

Last updated Jun 5, 2026

H50E.L (HSBC EURO STOXX 50 UCITS ETF) and LCUK.L (Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist) are both Europe Equities funds - H50E.L tracks the MSCI EMU NR EUR while LCUK.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 5 years, H50E.L returned 11.75%/yr vs 10.01%/yr for LCUK.L. A 0.77 correlation means they provide meaningful diversification when combined. H50E.L charges 0.25%/yr vs 0.04%/yr for LCUK.L.

Performance

H50E.L vs. LCUK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC EURO STOXX 50 UCITS ETF (H50E.L) and Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

H50E.L is traded in GBp, while LCUK.L is traded in GBP. To make them comparable, the LCUK.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, H50E.L achieves a 6.58% return, which is significantly higher than LCUK.L's 5.93% return.

H50E.L

1D
0.97%
1M
5.00%
YTD
6.58%
6M
7.69%
1Y
18.97%
3Y*
15.76%
5Y*
11.75%
10Y*
11.61%

LCUK.L

1D
0.54%
1M
1.88%
YTD
5.93%
6M
5.05%
1Y
16.53%
3Y*
13.40%
5Y*
10.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

H50E.L vs. LCUK.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
H50E.L
HSBC EURO STOXX 50 UCITS ETF		6.58%28.02%6.20%20.06%-3.33%15.58%3.30%21.72%-4.75%
LCUK.L
Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist		5.93%21.01%9.05%7.25%2.15%18.06%-11.83%18.73%-0.85%

Correlation

The correlation between H50E.L and LCUK.L is 0.62, 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

0.62

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

0.67

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

0.72

Correlation (All Time)
Calculated using the full available price history since Mar 23, 2018

0.77

The correlation between H50E.L and LCUK.L shifts across timeframes, from 0.62 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.

H50E.L vs. LCUK.L - Sectors Allocation Comparison

Sectors
H50E.L
LCUK.L

Financial Services

24.8%
24.2%

Industrials

21.5%
13.9%

Technology

17.9%
0.9%

Consumer Cyclical

9.7%
5.2%

Consumer Defensive

5.4%
13.7%

Healthcare

5.2%
13.2%

Energy

5.0%
11.1%

Utilities

4.6%
5.1%

Basic Materials

3.5%
8.3%

Communication Services

2.4%
3.0%

Real Estate

-

1.4%

Financial Services

H50E.L
24.8%
LCUK.L
24.2%

Industrials

H50E.L
21.5%
LCUK.L
13.9%

Technology

H50E.L
17.9%
LCUK.L
0.9%

Consumer Cyclical

H50E.L
9.7%
LCUK.L
5.2%

Consumer Defensive

H50E.L
5.4%
LCUK.L
13.7%

Healthcare

H50E.L
5.2%
LCUK.L
13.2%

Energy

H50E.L
5.0%
LCUK.L
11.1%

Utilities

H50E.L
4.6%
LCUK.L
5.1%

Basic Materials

H50E.L
3.5%
LCUK.L
8.3%

Communication Services

H50E.L
2.4%
LCUK.L
3.0%

Real Estate

H50E.L

-

LCUK.L
1.4%

Compare stocks, funds, or ETFs

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HSBC EURO STOXX 50 UCITS ETF

Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist

Often compared with H50E.L:
H50E.L vs. HMEU.LH50E.L vs. SPX5.LH50E.L vs. JREE.DEH50E.L vs. EUHD.LH50E.L vs. EUE.LH50E.L vs. SPYH50E.L vs. EQQQ.L
Often compared with LCUK.L:
LCUK.L vs. LGUK.LLCUK.L vs. JURE.LLCUK.L vs. XASX.LLCUK.L vs. VUKG.LLCUK.L vs. SMGB.LLCUK.L vs. IITU.LLCUK.L vs. VUKE.L

Return for Risk

H50E.L vs. LCUK.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
H50E.L
H50E.L Risk / Return Rank: 3636
Overall Rank
H50E.L Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
H50E.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
H50E.L Omega Ratio Rank: 3636
Omega Ratio Rank
H50E.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
H50E.L Martin Ratio Rank: 3636
Martin Ratio Rank
LCUK.L
LCUK.L Risk / Return Rank: 3838
Overall Rank
LCUK.L Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
LCUK.L Sortino Ratio Rank: 3838
Sortino Ratio Rank
LCUK.L Omega Ratio Rank: 4040
Omega Ratio Rank
LCUK.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
LCUK.L Martin Ratio Rank: 3838
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.

H50E.L vs. LCUK.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC EURO STOXX 50 UCITS ETF (H50E.L) and Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.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.

H50E.LLCUK.LDifference
Sharpe ratioReturn per unit of total volatility
1.25
1.38

-0.13

Sortino ratioReturn per unit of downside risk
1.87
1.92

-0.05

Omega ratioGain probability vs. loss probability

1.23

1.25

-0.02

Calmar ratioReturn relative to maximum drawdown

1.64

1.80

-0.16

Martin ratioReturn relative to average drawdown

5.52

5.79

-0.27

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

H50E.L vs. LCUK.L - Sharpe Ratio Comparison

The current H50E.L Sharpe Ratio is 1.25, which is comparable to the LCUK.L Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of H50E.L and LCUK.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

H50E.LLCUK.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.25

1.38

-0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.77

-0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.51

-0.12

Drawdowns

H50E.L vs. LCUK.L - Drawdown Comparison

The maximum H50E.L drawdown since its inception was -34.68%, roughly equal to the maximum LCUK.L drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for H50E.L and LCUK.L.

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Drawdown Indicators

H50E.LLCUK.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.68%

-35.54%

+0.86%

Max Drawdown (1Y)

Largest decline over 1 year

-11.49%

-9.13%

-2.36%

Max Drawdown (3Y)

Largest decline over 3 years

-14.20%

-12.65%

-1.55%

Max Drawdown (5Y)

Largest decline over 5 years

-21.72%

-12.65%

-9.07%

Max Drawdown (10Y)

Largest decline over 10 years

-31.50%

—

—

Current Drawdown

Current decline from peak

-0.42%

-3.98%

+3.56%

Average Drawdown

Average peak-to-trough decline

-7.22%

-4.97%

-2.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.43%

2.85%

+0.58%

Volatility

H50E.L vs. LCUK.L - Volatility Comparison

HSBC EURO STOXX 50 UCITS ETF (H50E.L) has a higher volatility of 4.79% compared to Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.L) at 3.76%. This indicates that H50E.L's price experiences larger fluctuations and is considered to be riskier than LCUK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

H50E.LLCUK.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.79%

3.76%

+1.03%

Volatility (6M)

Calculated over the trailing 6-month period

12.32%

10.20%

+2.12%

Volatility (1Y)

Calculated over the trailing 1-year period

15.11%

11.92%

+3.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.19%

12.97%

+4.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.99%

15.69%

+2.30%

H50E.L vs. LCUK.L - Expense Ratio Comparison

H50E.L has a 0.25% expense ratio, which is higher than LCUK.L's 0.04% 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

H50E.L vs. LCUK.L - Dividend Comparison

H50E.L's dividend yield for the trailing twelve months is around 2.45%, while LCUK.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
H50E.L
HSBC EURO STOXX 50 UCITS ETF		2.45%2.46%2.98%2.92%2.77%2.01%2.05%3.04%3.50%2.76%2.79%2.63%
LCUK.L
Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist		0.00%0.00%3.68%3.05%3.94%3.86%3.00%3.48%0.00%0.00%0.00%0.00%

Frequently Asked Questions

H50E.L and LCUK.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, LCUK.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

LCUK.L is cheaper with a 0.04% expense ratio, compared with 0.25% for H50E.L.

H50E.L tracks MSCI EMU NR EUR, while LCUK.L tracks FTSE AllSh TR GBP. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.25% for H50E.L and 0.04% for LCUK.L.

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