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

IMEU.L vs. LCUK.L

Last updated Jun 5, 2026

IMEU.L (iShares MSCI Europe UCITS Dist) and LCUK.L (Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist) are both Europe Equities funds - IMEU.L tracks the MSCI Europe NR EUR while LCUK.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 5 years, IMEU.L returned 10.63%/yr vs 10.01%/yr for LCUK.L. Their correlation of 0.85 suggests significant overlap in exposure. IMEU.L charges 1.00%/yr vs 0.04%/yr for LCUK.L.

Performance

IMEU.L vs. LCUK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe UCITS Dist (IMEU.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

IMEU.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, IMEU.L achieves a 6.98% return, which is significantly higher than LCUK.L's 5.93% return.

IMEU.L

1D
0.82%
1M
3.92%
YTD
6.98%
6M
9.21%
1Y
20.02%
3Y*
14.37%
5Y*
10.63%
10Y*
10.70%

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)

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

2026 (YTD)20252024202320222021202020192018
IMEU.L
iShares MSCI Europe UCITS Dist		6.98%26.50%4.39%13.45%-2.93%17.55%2.64%20.21%-2.50%
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 IMEU.L and LCUK.L is 0.75, 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

0.75

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

0.80

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

0.82

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

0.85

The correlation between IMEU.L and LCUK.L has been stable across timeframes, ranging from 0.75 to 0.85 - a consistent structural relationship.

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

Sectors
IMEU.L
LCUK.L

Financial Services

23.1%
24.2%

Industrials

19.3%
13.9%

Healthcare

13.1%
13.2%

Technology

9.5%
0.9%

Consumer Defensive

8.4%
13.7%

Consumer Cyclical

6.4%
5.2%

Basic Materials

5.6%
8.3%

Energy

5.1%
11.1%

Utilities

4.8%
5.1%

Communication Services

3.9%
3.0%

Real Estate

0.8%
1.4%

Financial Services

IMEU.L
23.1%
LCUK.L
24.2%

Industrials

IMEU.L
19.3%
LCUK.L
13.9%

Healthcare

IMEU.L
13.1%
LCUK.L
13.2%

Technology

IMEU.L
9.5%
LCUK.L
0.9%

Consumer Defensive

IMEU.L
8.4%
LCUK.L
13.7%

Consumer Cyclical

IMEU.L
6.4%
LCUK.L
5.2%

Basic Materials

IMEU.L
5.6%
LCUK.L
8.3%

Energy

IMEU.L
5.1%
LCUK.L
11.1%

Utilities

IMEU.L
4.8%
LCUK.L
5.1%

Communication Services

IMEU.L
3.9%
LCUK.L
3.0%

Real Estate

IMEU.L
0.8%
LCUK.L
1.4%

Compare stocks, funds, or ETFs

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iShares MSCI Europe UCITS Dist

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

Often compared with IMEU.L:
IMEU.L vs. IEURIMEU.L vs. VEUR.ASIMEU.L vs. SWDA.LIMEU.L vs. VGKIMEU.L vs. VEUR.LIMEU.L vs. XDEW.DEIMEU.L vs. EUE.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMEU.L
IMEU.L Risk / Return Rank: 4646
Overall Rank
IMEU.L Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
IMEU.L Sortino Ratio Rank: 4848
Sortino Ratio Rank
IMEU.L Omega Ratio Rank: 5151
Omega Ratio Rank
IMEU.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
IMEU.L Martin Ratio Rank: 4343
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe UCITS Dist (IMEU.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.

IMEU.LLCUK.LDifference
Sharpe ratioReturn per unit of total volatility
1.66
1.38

+0.27

Sortino ratioReturn per unit of downside risk
2.33
1.92

+0.41

Omega ratioGain probability vs. loss probability

1.32

1.25

+0.06

Calmar ratioReturn relative to maximum drawdown

1.88

1.80

+0.08

Martin ratioReturn relative to average drawdown

6.73

5.79

+0.94

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

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

The current IMEU.L Sharpe Ratio is 1.66, which is comparable to the LCUK.L Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of IMEU.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

IMEU.LLCUK.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.66

1.38

+0.27

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

0.77

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.72

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.51

-0.09

Drawdowns

IMEU.L vs. LCUK.L - Drawdown Comparison

The maximum IMEU.L drawdown since its inception was -43.51%, which is greater than LCUK.L's maximum drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for IMEU.L and LCUK.L.

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Drawdown Indicators

IMEU.LLCUK.LDifference

Max Drawdown

Largest peak-to-trough decline

-43.51%

-35.54%

-7.97%

Max Drawdown (1Y)

Largest decline over 1 year

-10.59%

-9.13%

-1.46%

Max Drawdown (3Y)

Largest decline over 3 years

-12.55%

-12.65%

+0.10%

Max Drawdown (5Y)

Largest decline over 5 years

-15.81%

-12.65%

-3.16%

Max Drawdown (10Y)

Largest decline over 10 years

-28.68%

—

—

Current Drawdown

Current decline from peak

-1.11%

-3.98%

+2.87%

Average Drawdown

Average peak-to-trough decline

-6.17%

-4.97%

-1.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.97%

2.85%

+0.12%

Volatility

IMEU.L vs. LCUK.L - Volatility Comparison

iShares MSCI Europe UCITS Dist (IMEU.L) and Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.L) have volatilities of 3.92% and 3.76%, 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

IMEU.LLCUK.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.92%

3.76%

+0.16%

Volatility (6M)

Calculated over the trailing 6-month period

10.09%

10.20%

-0.11%

Volatility (1Y)

Calculated over the trailing 1-year period

12.05%

11.92%

+0.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.74%

12.97%

+0.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.85%

15.69%

-0.84%

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

IMEU.L has a 1.00% expense ratio, which is higher than LCUK.L's 0.04% expense ratio.

Dividends

IMEU.L vs. LCUK.L - Dividend Comparison

IMEU.L's dividend yield for the trailing twelve months is around 2.93%, while LCUK.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IMEU.L
iShares MSCI Europe UCITS Dist		2.93%2.92%3.46%3.31%3.29%2.68%2.30%3.59%3.61%2.97%3.34%3.62%
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

IMEU.L and LCUK.L have a correlation of 0.75, 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 1.00% for IMEU.L.

IMEU.L tracks MSCI Europe NR EUR, while LCUK.L tracks FTSE AllSh TR GBP. They also come from different issuers: iShares and Amundi. Their fees differ too: 1.00% for IMEU.L and 0.04% for LCUK.L.

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