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LAUU.L vs. LCAL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LAUU.L vs. LCAL.L

Last updated Jun 5, 2026

LAUU.L (Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist) and LCAL.L (Lyxor MSCI EM Asia UCITS ETF - Acc) are both Asia Pacific Equities funds from Amundi - LAUU.L tracks the MSCI Australia NR USD while LCAL.L tracks the MSCI AC Asia Ex Japan NR USD. Both are passively managed. Over the past 5 years, LAUU.L returned 5.08%/yr vs 7.87%/yr for LCAL.L. A 0.64 correlation means they provide meaningful diversification when combined. LAUU.L charges 0.40%/yr vs 0.12%/yr for LCAL.L.

Performance

LAUU.L vs. LCAL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist (LAUU.L) and Lyxor MSCI EM Asia UCITS ETF - Acc (LCAL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

LAUU.L is traded in USD, while LCAL.L is traded in GBP. To make them comparable, the LCAL.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, LAUU.L achieves a 8.08% return, which is significantly lower than LCAL.L's 29.87% return.

LAUU.L

1D
-0.65%
1M
-0.49%
YTD
8.08%
6M
9.74%
1Y
14.51%
3Y*
12.32%
5Y*
5.08%
10Y*
—

LCAL.L

1D
-1.61%
1M
7.15%
YTD
29.87%
6M
33.53%
1Y
57.25%
3Y*
25.98%
5Y*
7.87%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

LAUU.L vs. LCAL.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
LAUU.L
Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist		8.08%17.36%1.39%11.94%-7.97%8.38%11.35%21.36%-8.57%
LCAL.L
Lyxor MSCI EM Asia UCITS ETF - Acc		29.87%33.46%11.77%6.27%-20.89%-4.95%28.01%18.69%-16.26%

Correlation

The correlation between LAUU.L and LCAL.L is 0.60, 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

0.60

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

0.64

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

0.64

Correlation (All Time)
Calculated using the full available price history since Apr 3, 2018

0.64

The correlation between LAUU.L and LCAL.L has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.

LAUU.L vs. LCAL.L - Sectors Allocation Comparison

Sectors
LAUU.L
LCAL.L

Financial Services

34.8%
16.4%

Basic Materials

24.7%
3.0%

Consumer Cyclical

6.7%
10.5%

Industrials

6.3%
7.1%

Real Estate

5.8%
1.3%

Healthcare

5.5%
3.8%

Energy

5.0%
2.1%

Communication Services

3.7%
6.9%

Consumer Defensive

3.6%
2.9%

Technology

2.5%
45.2%

Utilities

1.5%
1.0%

Financial Services

LAUU.L
34.8%
LCAL.L
16.4%

Basic Materials

LAUU.L
24.7%
LCAL.L
3.0%

Consumer Cyclical

LAUU.L
6.7%
LCAL.L
10.5%

Industrials

LAUU.L
6.3%
LCAL.L
7.1%

Real Estate

LAUU.L
5.8%
LCAL.L
1.3%

Healthcare

LAUU.L
5.5%
LCAL.L
3.8%

Energy

LAUU.L
5.0%
LCAL.L
2.1%

Communication Services

LAUU.L
3.7%
LCAL.L
6.9%

Consumer Defensive

LAUU.L
3.6%
LCAL.L
2.9%

Technology

LAUU.L
2.5%
LCAL.L
45.2%

Utilities

LAUU.L
1.5%
LCAL.L
1.0%

Compare stocks, funds, or ETFs

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Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist

Lyxor MSCI EM Asia UCITS ETF - Acc

Often compared with LAUU.L:
LAUU.L vs. SPYLAUU.L vs. ^NDXLAUU.L vs. TSLYLAUU.L vs. VUSA.LLAUU.L vs. YMAXLAUU.L vs. IVVLAUU.L vs. JEPI
Often compared with LCAL.L:
LCAL.L vs. SPYLCAL.L vs. IDAP.LLCAL.L vs. AUAD.LLCAL.L vs. KRWL.LLCAL.L vs. CI2G.LLCAL.L vs. UC48.LLCAL.L vs. IAPD.L

Return for Risk

LAUU.L vs. LCAL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LAUU.L
LAUU.L Risk / Return Rank: 2828
Overall Rank
LAUU.L Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
LAUU.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
LAUU.L Omega Ratio Rank: 2626
Omega Ratio Rank
LAUU.L Calmar Ratio Rank: 2929
Calmar Ratio Rank
LAUU.L Martin Ratio Rank: 2929
Martin Ratio Rank
LCAL.L
LCAL.L Risk / Return Rank: 8989
Overall Rank
LCAL.L Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
LCAL.L Sortino Ratio Rank: 8989
Sortino Ratio Rank
LCAL.L Omega Ratio Rank: 9090
Omega Ratio Rank
LCAL.L Calmar Ratio Rank: 8888
Calmar Ratio Rank
LCAL.L Martin Ratio Rank: 8484
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.

LAUU.L vs. LCAL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist (LAUU.L) and Lyxor MSCI EM Asia UCITS ETF - Acc (LCAL.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.

LAUU.LLCAL.LDifference
Sharpe ratioReturn per unit of total volatility
0.94
2.81

-1.87

Sortino ratioReturn per unit of downside risk
1.48
3.74

-2.26

Omega ratioGain probability vs. loss probability

1.17

1.50

-0.33

Calmar ratioReturn relative to maximum drawdown

1.35

4.06

-2.70

Martin ratioReturn relative to average drawdown

4.15

15.03

-10.88

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

LAUU.L vs. LCAL.L - Sharpe Ratio Comparison

The current LAUU.L Sharpe Ratio is 0.94, which is lower than the LCAL.L Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of LAUU.L and LCAL.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

LAUU.LLCAL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.94

2.81

-1.87

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.26

0.39

-0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.42

-0.11

Drawdowns

LAUU.L vs. LCAL.L - Drawdown Comparison

The maximum LAUU.L drawdown since its inception was -45.03%, roughly equal to the maximum LCAL.L drawdown of -45.45%. Use the drawdown chart below to compare losses from any high point for LAUU.L and LCAL.L.

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Drawdown Indicators

LAUU.LLCAL.LDifference

Max Drawdown

Largest peak-to-trough decline

-45.03%

-45.45%

+0.42%

Max Drawdown (1Y)

Largest decline over 1 year

-10.67%

-14.04%

+3.37%

Max Drawdown (3Y)

Largest decline over 3 years

-23.29%

-19.30%

-3.99%

Max Drawdown (5Y)

Largest decline over 5 years

-25.38%

-40.83%

+15.45%

Current Drawdown

Current decline from peak

-4.28%

-3.03%

-1.25%

Average Drawdown

Average peak-to-trough decline

-7.16%

-16.85%

+9.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.49%

3.80%

-0.31%

Volatility

LAUU.L vs. LCAL.L - Volatility Comparison

The current volatility for Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist (LAUU.L) is 5.36%, while Lyxor MSCI EM Asia UCITS ETF - Acc (LCAL.L) has a volatility of 9.19%. This indicates that LAUU.L experiences smaller price fluctuations and is considered to be less risky than LCAL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LAUU.LLCAL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.36%

9.19%

-3.83%

Volatility (6M)

Calculated over the trailing 6-month period

12.61%

17.28%

-4.67%

Volatility (1Y)

Calculated over the trailing 1-year period

15.44%

20.32%

-4.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.71%

20.04%

-0.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.13%

20.80%

+1.33%

LAUU.L vs. LCAL.L - Expense Ratio Comparison

LAUU.L has a 0.40% expense ratio, which is higher than LCAL.L's 0.12% expense ratio.

Dividends

LAUU.L vs. LCAL.L - Dividend Comparison

LAUU.L's dividend yield for the trailing twelve months is around 2.40%, while LCAL.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
LAUU.L
Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist		2.40%2.60%3.90%3.13%4.48%2.86%1.94%3.50%3.96%
LCAL.L
Lyxor MSCI EM Asia UCITS ETF - Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LAUU.L and LCAL.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, LCAL.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

LCAL.L is cheaper with a 0.12% expense ratio, compared with 0.40% for LAUU.L.

LAUU.L tracks MSCI Australia NR USD, while LCAL.L tracks MSCI AC Asia Ex Japan NR USD. Their fees differ too: 0.40% for LAUU.L and 0.12% for LCAL.L.

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