IAEX.L vs. LDEU.L
IAEX.L (iShares AEX UCITS ETF EUR (Dist)) and LDEU.L (L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis) are both Europe Equities funds - IAEX.L tracks the Euronext AEX All Share TR EUR while LDEU.L tracks the L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis. Both are passively managed. Over the past 5 years, IAEX.L returned 10.42%/yr vs 16.82%/yr for LDEU.L. A 0.72 correlation means they provide meaningful diversification when combined. IAEX.L charges 0.30%/yr vs 0.25%/yr for LDEU.L.
Performance
IAEX.L vs. LDEU.L - Performance Comparison
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Different Trading Currencies
IAEX.L is traded in GBp, while LDEU.L is traded in EUR. To make them comparable, the LDEU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IAEX.L achieves a 13.77% return, which is significantly higher than LDEU.L's 11.99% return.
IAEX.L
- 1D
- -0.08%
- 1M
- 0.06%
- 6M
- 9.13%
- YTD
- 13.77%
- 1Y
- 18.77%
- 3Y*
- 14.19%
- 5Y*
- 10.42%
- 10Y*
- 12.05%
LDEU.L
- 1D
- 0.00%
- 1M
- -0.65%
- 6M
- 9.70%
- YTD
- 11.99%
- 1Y
- 26.76%
- 3Y*
- 24.77%
- 5Y*
- 16.82%
- 10Y*
- —
IAEX.L vs. LDEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAEX.L iShares AEX UCITS ETF EUR (Dist) | 13.77% | 16.14% | 8.60% | 14.11% | -6.28% | 10.14% |
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis | 11.99% | 44.92% | 9.43% | 14.43% | 1.84% | 5.93% |
Correlation
The correlation between IAEX.L and LDEU.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.72 |
The correlation between IAEX.L and LDEU.L has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.
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Return for Risk
IAEX.L vs. LDEU.L — Risk / Return Rank
IAEX.L
LDEU.L
IAEX.L vs. LDEU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares AEX UCITS ETF EUR (Dist) (IAEX.L) and L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis (LDEU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IAEX.L | LDEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 3.40 | -0.92 |
| Martin ratioReturn relative to average drawdown | 7.33 | 12.02 | -4.69 |
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Drawdowns
IAEX.L vs. LDEU.L - Drawdown Comparison
The maximum IAEX.L drawdown since its inception was -63.74%, which is greater than LDEU.L's maximum drawdown of -17.44%. Use the drawdown chart below to compare losses from any high point for IAEX.L and LDEU.L.
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Drawdown Indicators
| IAEX.L | LDEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.74% | -17.44% | -46.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.54% | -7.91% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -12.80% | -13.34% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -21.96% | -17.44% | -4.52% |
Max Drawdown (10Y)Largest decline over 10 years | -28.85% | — | — |
Current DrawdownCurrent decline from peak | -0.80% | -1.58% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -2.98% | -13.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.24% | +0.32% |
Volatility
IAEX.L vs. LDEU.L - Volatility Comparison
iShares AEX UCITS ETF EUR (Dist) (IAEX.L) has a higher volatility of 3.29% compared to L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis (LDEU.L) at 2.99%. This indicates that IAEX.L's price experiences larger fluctuations and is considered to be riskier than LDEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAEX.L | LDEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 2.99% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 9.61% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.85% | 11.77% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.19% | 14.58% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.10% | 14.43% | +1.67% |
IAEX.L vs. LDEU.L - Expense Ratio Comparison
IAEX.L has a 0.30% expense ratio, which is higher than LDEU.L's 0.25% expense ratio.
Dividends
IAEX.L vs. LDEU.L - Dividend Comparison
IAEX.L's dividend yield for the trailing twelve months is around 1.95%, less than LDEU.L's 3.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAEX.L iShares AEX UCITS ETF EUR (Dist) | 1.95% | 2.03% | 2.16% | 2.09% | 2.20% | 1.57% | 1.41% | 2.89% | 3.11% | 2.70% | 2.73% | 2.85% |
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis | 3.52% | 3.47% | 4.36% | 4.44% | 4.17% | 2.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IAEX.L and LDEU.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LDEU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LDEU.L is cheaper with a 0.25% expense ratio, compared with 0.30% for IAEX.L.
IAEX.L tracks Euronext AEX All Share TR EUR, while LDEU.L tracks L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis. They also come from different issuers: iShares and L&G. Their fees differ too: 0.30% for IAEX.L and 0.25% for LDEU.L.
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