LCAL.L vs. PACW.L
LCAL.L (Lyxor MSCI EM Asia UCITS ETF - Acc) and PACW.L (Amundi Prime All Country World UCITS ETF Income) are both exchange-traded funds - LCAL.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Ex Japan NR USD, while PACW.L is a Global Equities fund tracking the Solactive GBS Global Markets Large & Mid Cap Index. Both are passively managed. Over the past year, LCAL.L returned 63.67% vs 30.63% for PACW.L. A 0.71 correlation means they provide meaningful diversification when combined. LCAL.L charges 0.12%/yr vs 0.07%/yr for PACW.L.
Performance
LCAL.L vs. PACW.L - Performance Comparison
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Returns By Period
In the year-to-date period, LCAL.L achieves a 32.38% return, which is significantly higher than PACW.L's 11.96% return.
LCAL.L
- 1D
- -1.09%
- 1M
- 12.92%
- YTD
- 32.38%
- 6M
- 35.00%
- 1Y
- 63.67%
- 3Y*
- 23.36%
- 5Y*
- 9.38%
- 10Y*
- —
PACW.L
- 1D
- -0.43%
- 1M
- 5.84%
- YTD
- 11.96%
- 6M
- 12.58%
- 1Y
- 30.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LCAL.L vs. PACW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LCAL.L Lyxor MSCI EM Asia UCITS ETF - Acc | 32.38% | 18.49% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 11.96% | 9.58% |
Correlation
The correlation between LCAL.L and PACW.L is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.71 |
The correlation between LCAL.L and PACW.L has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.
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Return for Risk
LCAL.L vs. PACW.L — Risk / Return Rank
LCAL.L
PACW.L
LCAL.L vs. PACW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI EM Asia UCITS ETF - Acc (LCAL.L) and Amundi Prime All Country World UCITS ETF Income (PACW.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.
| LCAL.L | PACW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.56 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.45 | 4.32 | +1.13 |
| Martin ratioReturn relative to average drawdown | 18.54 | 17.62 | +0.91 |
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
| LCAL.L | PACW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.43 | 2.93 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 1.24 | -0.74 |
Drawdowns
LCAL.L vs. PACW.L - Drawdown Comparison
The maximum LCAL.L drawdown since its inception was -33.83%, which is greater than PACW.L's maximum drawdown of -17.68%. Use the drawdown chart below to compare losses from any high point for LCAL.L and PACW.L.
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Drawdown Indicators
| LCAL.L | PACW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.83% | -17.68% | -16.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -7.06% | -4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.34% | — | — |
Current DrawdownCurrent decline from peak | -1.09% | -0.43% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -12.58% | -3.03% | -9.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 1.73% | +1.69% |
Volatility
LCAL.L vs. PACW.L - Volatility Comparison
Lyxor MSCI EM Asia UCITS ETF - Acc (LCAL.L) has a higher volatility of 8.56% compared to Amundi Prime All Country World UCITS ETF Income (PACW.L) at 2.93%. This indicates that LCAL.L's price experiences larger fluctuations and is considered to be riskier than PACW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCAL.L | PACW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.56% | 2.93% | +5.63% |
Volatility (6M)Calculated over the trailing 6-month period | 15.54% | 7.75% | +7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.47% | 10.45% | +8.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.71% | 13.93% | +3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.01% | 13.93% | +5.08% |
LCAL.L vs. PACW.L - Expense Ratio Comparison
LCAL.L has a 0.12% expense ratio, which is higher than PACW.L's 0.07% 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
LCAL.L vs. PACW.L - Dividend Comparison
LCAL.L has not paid dividends to shareholders, while PACW.L's dividend yield for the trailing twelve months is around 1.23%.
| Position | TTM |
|---|---|
LCAL.L Lyxor MSCI EM Asia UCITS ETF - Acc | 0.00% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 1.23% |
Frequently Asked Questions
LCAL.L and PACW.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PACW.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PACW.L is cheaper with a 0.07% expense ratio, compared with 0.12% for LCAL.L.
LCAL.L is categorized as Asia Pacific Equities, while PACW.L is Global Equities. LCAL.L tracks MSCI AC Asia Ex Japan NR USD, while PACW.L tracks Solactive GBS Global Markets Large & Mid Cap Index. Their fees differ too: 0.12% for LCAL.L and 0.07% for PACW.L.
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