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LCPE.L vs. CMB1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LCPE.L vs. CMB1.L

Last updated Jun 4, 2026

LCPE.L (Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS) and CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds - LCPE.L tracks the MSCI Europe NR EUR while CMB1.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, LCPE.L returned 10.12%/yr vs 16.24%/yr for CMB1.L. At a 0.33 correlation, their price movements are largely independent. LCPE.L charges 0.65%/yr vs 0.33%/yr for CMB1.L.

Performance

LCPE.L vs. CMB1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS (LCPE.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with LCPE.L having a 13.75% return and CMB1.L slightly lower at 13.57%. Over the past 10 years, LCPE.L has underperformed CMB1.L with an annualized return of 10.12%, while CMB1.L has yielded a comparatively higher 16.24% annualized return.

LCPE.L

1D
-0.59%
1M
2.51%
YTD
13.75%
6M
14.34%
1Y
28.26%
3Y*
12.14%
5Y*
9.55%
10Y*
10.12%

CMB1.L

1D
-0.72%
1M
5.16%
YTD
13.57%
6M
17.25%
1Y
34.15%
3Y*
28.69%
5Y*
19.90%
10Y*
16.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LCPE.L vs. CMB1.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LCPE.L
Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS		13.75%18.88%-2.83%10.70%0.29%16.28%8.38%12.94%-2.26%9.54%
CMB1.L
iShares FTSE MIB UCITS ETF (Acc)		13.57%43.83%13.25%30.68%-3.56%18.29%1.52%24.83%-12.74%21.01%

Correlation

The correlation between LCPE.L and CMB1.L is 0.50, 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

0.50

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

0.44

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

0.35

Correlation (10Y)
Calculated over the trailing 10-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Feb 17, 2015

0.33

The correlation between LCPE.L and CMB1.L shifts across timeframes, from 0.31 (10 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.

LCPE.L vs. CMB1.L - Sectors Allocation Comparison

Sectors
LCPE.L
CMB1.L

Consumer Defensive

32.8%
0.5%

Healthcare

32.6%
1.1%

Basic Materials

32.3%
0.6%

Consumer Cyclical

1.9%
10.0%

Industrials

0.2%
10.8%

Technology

0.2%
4.6%

Communication Services

0.0%
1.1%

Energy

0.0%
8.8%

Real Estate

0.0%
0.3%

Financial Services

-

45.1%

Utilities

-

17.2%

Consumer Defensive

LCPE.L
32.8%
CMB1.L
0.5%

Healthcare

LCPE.L
32.6%
CMB1.L
1.1%

Basic Materials

LCPE.L
32.3%
CMB1.L
0.6%

Consumer Cyclical

LCPE.L
1.9%
CMB1.L
10.0%

Industrials

LCPE.L
0.2%
CMB1.L
10.8%

Technology

LCPE.L
0.2%
CMB1.L
4.6%

Communication Services

LCPE.L
0.0%
CMB1.L
1.1%

Energy

LCPE.L
0.0%
CMB1.L
8.8%

Real Estate

LCPE.L
0.0%
CMB1.L
0.3%

Financial Services

LCPE.L

-

CMB1.L
45.1%

Utilities

LCPE.L

-

CMB1.L
17.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS

iShares FTSE MIB UCITS ETF (Acc)

Often compared with LCPE.L:
LCPE.L vs. VOOLCPE.L vs. WDEP.LLCPE.L vs. EDIV.LLCPE.L vs. UB17.LLCPE.L vs. EMID.LLCPE.L vs. MMS.LLCPE.L vs. HDEU.L
Often compared with CMB1.L:
CMB1.L vs. XDEM.LCMB1.L vs. IITU.LCMB1.L vs. H50E.LCMB1.L vs. SPYCMB1.L vs. X7PP.LCMB1.L vs. IQSA.LCMB1.L vs. EQQQ.L

Return for Risk

LCPE.L vs. CMB1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LCPE.L
LCPE.L Risk / Return Rank: 7777
Overall Rank
LCPE.L Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
LCPE.L Sortino Ratio Rank: 8080
Sortino Ratio Rank
LCPE.L Omega Ratio Rank: 7474
Omega Ratio Rank
LCPE.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
LCPE.L Martin Ratio Rank: 7474
Martin Ratio Rank
CMB1.L
CMB1.L Risk / Return Rank: 6767
Overall Rank
CMB1.L Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
CMB1.L Sortino Ratio Rank: 6767
Sortino Ratio Rank
CMB1.L Omega Ratio Rank: 6565
Omega Ratio Rank
CMB1.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
CMB1.L Martin Ratio Rank: 6666
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.

LCPE.L vs. CMB1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS (LCPE.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.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.

LCPE.LCMB1.LDifference
Sharpe ratioReturn per unit of total volatility
2.49
2.26

+0.23

Sortino ratioReturn per unit of downside risk
3.56
3.07

+0.49

Omega ratioGain probability vs. loss probability

1.44

1.40

+0.04

Calmar ratioReturn relative to maximum drawdown

4.23

3.30

+0.93

Martin ratioReturn relative to average drawdown

14.02

12.01

+2.01

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

LCPE.L vs. CMB1.L - Sharpe Ratio Comparison

The current LCPE.L Sharpe Ratio is 2.49, which is comparable to the CMB1.L Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of LCPE.L and CMB1.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

LCPE.LCMB1.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.49

2.26

+0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.03

1.11

-0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.19

0.83

+0.36

Sharpe Ratio (All Time)

Calculated using the full available price history

0.98

0.47

+0.51

Drawdowns

LCPE.L vs. CMB1.L - Drawdown Comparison

The maximum LCPE.L drawdown since its inception was -27.05%, smaller than the maximum CMB1.L drawdown of -47.37%. Use the drawdown chart below to compare losses from any high point for LCPE.L and CMB1.L.

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Drawdown Indicators

LCPE.LCMB1.LDifference

Max Drawdown

Largest peak-to-trough decline

-27.05%

-47.37%

+20.32%

Max Drawdown (1Y)

Largest decline over 1 year

-6.66%

-10.32%

+3.66%

Max Drawdown (3Y)

Largest decline over 3 years

-12.39%

-15.62%

+3.23%

Max Drawdown (5Y)

Largest decline over 5 years

-12.39%

-24.19%

+11.80%

Max Drawdown (10Y)

Largest decline over 10 years

-27.05%

-36.61%

+9.56%

Current Drawdown

Current decline from peak

-3.09%

-0.72%

-2.37%

Average Drawdown

Average peak-to-trough decline

-3.52%

-8.80%

+5.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.01%

2.84%

-0.83%

Volatility

LCPE.L vs. CMB1.L - Volatility Comparison

The current volatility for Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS (LCPE.L) is 3.81%, while iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) has a volatility of 4.47%. This indicates that LCPE.L experiences smaller price fluctuations and is considered to be less risky than CMB1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LCPE.LCMB1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.81%

4.47%

-0.66%

Volatility (6M)

Calculated over the trailing 6-month period

8.50%

12.15%

-3.65%

Volatility (1Y)

Calculated over the trailing 1-year period

11.31%

15.06%

-3.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.75%

18.00%

-0.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.61%

19.52%

+1.09%

LCPE.L vs. CMB1.L - Expense Ratio Comparison

LCPE.L has a 0.65% expense ratio, which is higher than CMB1.L's 0.33% expense ratio.

Dividends

LCPE.L vs. CMB1.L - Dividend Comparison

Neither LCPE.L nor CMB1.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

LCPE.L and CMB1.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CMB1.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CMB1.L is cheaper with a 0.33% expense ratio, compared with 0.65% for LCPE.L.

LCPE.L tracks MSCI Europe NR EUR, while CMB1.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: Natixis and iShares. Their fees differ too: 0.65% for LCPE.L and 0.33% for CMB1.L.

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