HMEU.L vs. LIRU.DE
HMEU.L (HSBC MSCI Europe UCITS ETF) and LIRU.DE (Lyxor STOXX Europe 600 Insurance UCITS ETF Acc) are both exchange-traded funds - HMEU.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while LIRU.DE is a Financials Equities fund tracking the STOXX® Europe 600 Insurance. Both are passively managed. Over the past 10 years, HMEU.L returned 10.50%/yr vs 12.22%/yr for LIRU.DE. A 0.69 correlation means they provide meaningful diversification when combined. HMEU.L charges 0.25%/yr vs 0.30%/yr for LIRU.DE.
Performance
HMEU.L vs. LIRU.DE - Performance Comparison
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Different Trading Currencies
HMEU.L is traded in GBp, while LIRU.DE is traded in EUR. To make them comparable, the LIRU.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, HMEU.L achieves a 6.73% return, which is significantly higher than LIRU.DE's -3.39% return. Over the past 10 years, HMEU.L has underperformed LIRU.DE with an annualized return of 10.50%, while LIRU.DE has yielded a comparatively higher 12.22% annualized return.
HMEU.L
- 1D
- 0.61%
- 1M
- 1.13%
- YTD
- 6.73%
- 6M
- 8.71%
- 1Y
- 18.94%
- 3Y*
- 14.73%
- 5Y*
- 10.72%
- 10Y*
- 10.50%
LIRU.DE
- 1D
- 0.43%
- 1M
- -1.02%
- YTD
- -3.39%
- 6M
- 1.32%
- 1Y
- 5.54%
- 3Y*
- 18.32%
- 5Y*
- 14.10%
- 10Y*
- 12.22%
HMEU.L vs. LIRU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMEU.L HSBC MSCI Europe UCITS ETF | 6.73% | 25.88% | 6.23% | 13.28% | -3.35% | 17.08% | 2.26% | 19.72% | -9.45% | 15.34% |
LIRU.DE Lyxor STOXX Europe 600 Insurance UCITS ETF Acc | -3.43% | 36.43% | 17.32% | 10.35% | 9.17% | 11.16% | -4.84% | 15.69% | 0.87% | 15.84% |
Correlation
The correlation between HMEU.L and LIRU.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2010 | 0.69 |
The correlation between HMEU.L and LIRU.DE shifts across timeframes, from 0.56 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HMEU.L vs. LIRU.DE — Risk / Return Rank
HMEU.L
LIRU.DE
HMEU.L vs. LIRU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Europe UCITS ETF (HMEU.L) and Lyxor STOXX Europe 600 Insurance UCITS ETF Acc (LIRU.DE). 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.
| HMEU.L | LIRU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.07 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 0.67 | +1.16 |
| Martin ratioReturn relative to average drawdown | 6.52 | 1.62 | +4.90 |
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
| HMEU.L | LIRU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 0.37 | +1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.84 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.64 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.33 | +0.32 |
Drawdowns
HMEU.L vs. LIRU.DE - Drawdown Comparison
The maximum HMEU.L drawdown since its inception was -28.42%, smaller than the maximum LIRU.DE drawdown of -62.56%. Use the drawdown chart below to compare losses from any high point for HMEU.L and LIRU.DE.
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Drawdown Indicators
| HMEU.L | LIRU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.42% | -62.56% | +34.14% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -8.22% | -2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -9.99% | -2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -15.46% | -19.66% | +4.20% |
Max Drawdown (10Y)Largest decline over 10 years | -28.42% | -40.16% | +11.74% |
Current DrawdownCurrent decline from peak | -1.26% | -5.52% | +4.26% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -10.28% | +5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 3.42% | -0.49% |
Volatility
HMEU.L vs. LIRU.DE - Volatility Comparison
The current volatility for HSBC MSCI Europe UCITS ETF (HMEU.L) is 3.84%, while Lyxor STOXX Europe 600 Insurance UCITS ETF Acc (LIRU.DE) has a volatility of 4.56%. This indicates that HMEU.L experiences smaller price fluctuations and is considered to be less risky than LIRU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMEU.L | LIRU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 4.56% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.19% | 11.93% | -1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 15.04% | -2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.81% | 16.62% | -2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.47% | 19.13% | -3.66% |
HMEU.L vs. LIRU.DE - Expense Ratio Comparison
HMEU.L has a 0.25% expense ratio, which is lower than LIRU.DE's 0.30% expense ratio.
Dividends
HMEU.L vs. LIRU.DE - Dividend Comparison
HMEU.L's dividend yield for the trailing twelve months is around 2.44%, while LIRU.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMEU.L HSBC MSCI Europe UCITS ETF | 2.44% | 2.55% | 5.65% | 2.80% | 2.85% | 2.16% | 2.13% | 3.10% | 3.29% | 2.77% | 2.82% | 5.28% |
LIRU.DE Lyxor STOXX Europe 600 Insurance UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HMEU.L and LIRU.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HMEU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HMEU.L is cheaper with a 0.25% expense ratio, compared with 0.30% for LIRU.DE.
HMEU.L is categorized as Europe Equities, while LIRU.DE is Financials Equities. HMEU.L tracks MSCI Europe NR EUR, while LIRU.DE tracks STOXX® Europe 600 Insurance. They also come from different issuers: HSBC and Amundi. Their fees differ too: 0.25% for HMEU.L and 0.30% for LIRU.DE.
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