LCEU.DE vs. EHF1.DE

Last updated Jun 5, 2026

LCEU.DE (BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF) and EHF1.DE (Amundi MSCI Europe High Dividend Factor UCITS ETF EUR) are both Europe Equities funds - LCEU.DE tracks the Low Carbon 100 Europe PAB while EHF1.DE tracks the MSCI Europe High Dividend Yield. Both are passively managed. Over the past 3 years, LCEU.DE returned 7.74%/yr vs 14.05%/yr for EHF1.DE. A 0.78 correlation means they provide meaningful diversification when combined. LCEU.DE charges 0.30%/yr vs 0.23%/yr for EHF1.DE.

Performance

LCEU.DE vs. EHF1.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF (LCEU.DE) and Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCEU.DE achieves a 4.87% return, which is significantly lower than EHF1.DE's 5.17% return.

LCEU.DE

• 1D: 0.90%
• 1M: 3.09%
• YTD: 4.87%
• 6M: 7.28%
• 1Y: 9.14%
• 3Y*: 7.74%
• 5Y*: —
• 10Y*: —

EHF1.DE

• 1D: 0.61%
• 1M: -0.73%
• YTD: 5.17%
• 6M: 6.71%
• 1Y: 13.10%
• 3Y*: 14.05%
• 5Y*: 11.31%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LCEU.DE vs. EHF1.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LCEU.DE BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF	4.87%	9.84%	5.83%	14.59%	2.39%
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR	5.17%	19.17%	9.83%	14.12%	4.34%

Correlation

The correlation between LCEU.DE and EHF1.DE is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jul 18, 2022	0.78

The correlation between LCEU.DE and EHF1.DE has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.

Return for Risk

LCEU.DE vs. EHF1.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LCEU.DE

LCEU.DE Risk / Return Rank: 22
LCEU.DE Sharpe Ratio Rank: 22
LCEU.DE Sortino Ratio Rank: 21
LCEU.DE Omega Ratio Rank: 22
LCEU.DE Calmar Ratio Rank: 20
LCEU.DE Martin Ratio Rank: 23

EHF1.DE

EHF1.DE Risk / Return Rank: 39
EHF1.DE Sharpe Ratio Rank: 37
EHF1.DE Sortino Ratio Rank: 36
EHF1.DE Omega Ratio Rank: 38
EHF1.DE Calmar Ratio Rank: 43
EHF1.DE Martin Ratio Rank: 39

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.

LCEU.DE vs. EHF1.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF (LCEU.DE) and Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.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.

	LCEU.DE	EHF1.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.71	1.31	-0.60
Sortino ratio: Return per unit of downside risk	1.11	1.85	-0.75
Omega ratio: Gain probability vs. loss probability	1.14	1.25	-0.11
Calmar ratio: Return relative to maximum drawdown	0.88	2.09	-1.21
Martin ratio: Return relative to average drawdown	2.91	5.91	-3.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCEU.DE vs. EHF1.DE - Sharpe Ratio Comparison

The current LCEU.DE Sharpe Ratio is 0.71, which is lower than the EHF1.DE Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of LCEU.DE and EHF1.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LCEU.DE	EHF1.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	1.31	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.58	+0.15

Drawdowns

LCEU.DE vs. EHF1.DE - Drawdown Comparison

The maximum LCEU.DE drawdown since its inception was -16.38%, smaller than the maximum EHF1.DE drawdown of -38.13%. Use the drawdown chart below to compare losses from any high point for LCEU.DE and EHF1.DE.

Drawdown Indicators

	LCEU.DE	EHF1.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.38%	-38.13%	+21.75%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-6.24%	-4.13%
Max Drawdown (3Y) Largest decline over 3 years	-16.38%	-12.89%	-3.49%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.64%	—
Current Drawdown Current decline from peak	-1.59%	-4.13%	+2.54%
Average Drawdown Average peak-to-trough decline	-2.92%	-4.65%	+1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	2.21%	+0.92%

Volatility

LCEU.DE vs. EHF1.DE - Volatility Comparison

BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF (LCEU.DE) has a higher volatility of 4.11% compared to Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE) at 3.69%. This indicates that LCEU.DE's price experiences larger fluctuations and is considered to be riskier than EHF1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCEU.DE	EHF1.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.11%	3.69%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	10.36%	7.94%	+2.42%
Volatility (1Y) Calculated over the trailing 1-year period	12.77%	9.92%	+2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.14%	12.28%	+0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.14%	15.39%	-2.25%

LCEU.DE vs. EHF1.DE - Expense Ratio Comparison

LCEU.DE has a 0.30% expense ratio, which is higher than EHF1.DE's 0.23% expense ratio.

Dividends

LCEU.DE vs. EHF1.DE - Dividend Comparison

Neither LCEU.DE nor EHF1.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LCEU.DE and EHF1.DE in my portfolio?

LCEU.DE and EHF1.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LCEU.DE or EHF1.DE?

On fees, EHF1.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LCEU.DE or EHF1.DE?

EHF1.DE is cheaper with a 0.23% expense ratio, compared with 0.30% for LCEU.DE.

What is the main difference between LCEU.DE and EHF1.DE?

LCEU.DE tracks Low Carbon 100 Europe PAB, while EHF1.DE tracks MSCI Europe High Dividend Yield. They also come from different issuers: BNP Paribas and Amundi. Their fees differ too: 0.30% for LCEU.DE and 0.23% for EHF1.DE.