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

LCPE.L vs. EUN.L

Last updated Jun 4, 2026

LCPE.L (Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS) and EUN.L (iShares STOXX Europe 50 UCITS) are both Europe Equities funds tracking the MSCI Europe NR EUR, from Natixis and iShares respectively. Both are passively managed. Over the past 10 years, LCPE.L returned 10.12%/yr vs 7.26%/yr for EUN.L. At a 0.40 correlation, their price movements are largely independent. LCPE.L charges 0.65%/yr vs 0.35%/yr for EUN.L.

Performance

LCPE.L vs. EUN.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 STOXX Europe 50 UCITS (EUN.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LCPE.L achieves a 13.75% return, which is significantly higher than EUN.L's 4.27% return. Over the past 10 years, LCPE.L has outperformed EUN.L with an annualized return of 10.12%, while EUN.L has yielded a comparatively lower 7.26% 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%

EUN.L

1D
-0.58%
1M
0.95%
YTD
4.27%
6M
6.52%
1Y
16.24%
3Y*
9.01%
5Y*
8.29%
10Y*
7.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LCPE.L vs. EUN.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%
EUN.L
iShares STOXX Europe 50 UCITS		4.27%20.23%0.23%9.58%1.57%14.92%-3.44%16.69%-12.04%10.12%

Correlation

The correlation between LCPE.L and EUN.L is 0.69, 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

0.69

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

0.55

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

0.44

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

0.37

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

0.40

Over the past year, LCPE.L and EUN.L have become more correlated (0.69) than their long-term average of 0.40, meaning their price movements have been converging.

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

Sectors
LCPE.L
EUN.L

Consumer Defensive

32.8%
9.5%

Healthcare

32.6%
17.4%

Basic Materials

32.3%
3.2%

Consumer Cyclical

1.9%
4.9%

Industrials

0.2%
18.1%

Technology

0.2%
10.0%

Communication Services

0.0%
1.6%

Energy

0.0%
8.1%

Real Estate

0.0%

-

Financial Services

-

22.8%

Utilities

-

4.5%

Consumer Defensive

LCPE.L
32.8%
EUN.L
9.5%

Healthcare

LCPE.L
32.6%
EUN.L
17.4%

Basic Materials

LCPE.L
32.3%
EUN.L
3.2%

Consumer Cyclical

LCPE.L
1.9%
EUN.L
4.9%

Industrials

LCPE.L
0.2%
EUN.L
18.1%

Technology

LCPE.L
0.2%
EUN.L
10.0%

Communication Services

LCPE.L
0.0%
EUN.L
1.6%

Energy

LCPE.L
0.0%
EUN.L
8.1%

Real Estate

LCPE.L
0.0%
EUN.L

-

Financial Services

LCPE.L

-

EUN.L
22.8%

Utilities

LCPE.L

-

EUN.L
4.5%

Compare stocks, funds, or ETFs

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Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS

iShares STOXX Europe 50 UCITS

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 EUN.L:
EUN.L vs. SWDA.LEUN.L vs. VWCE.DEEUN.L vs. QDVE.DEEUN.L vs. VUAA.LEUN.L vs. EUE.LEUN.L vs. XESC.LEUN.L vs. SPY

Return for Risk

LCPE.L vs. EUN.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
EUN.L
EUN.L Risk / Return Rank: 3434
Overall Rank
EUN.L Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
EUN.L Sortino Ratio Rank: 3535
Sortino Ratio Rank
EUN.L Omega Ratio Rank: 3535
Omega Ratio Rank
EUN.L Calmar Ratio Rank: 3131
Calmar Ratio Rank
EUN.L Martin Ratio Rank: 3333
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. EUN.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 STOXX Europe 50 UCITS (EUN.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.LEUN.LDifference
Sharpe ratioReturn per unit of total volatility
2.49
1.28

+1.21

Sortino ratioReturn per unit of downside risk
3.56
1.85

+1.71

Omega ratioGain probability vs. loss probability

1.44

1.24

+0.20

Calmar ratioReturn relative to maximum drawdown

4.23

1.51

+2.71

Martin ratioReturn relative to average drawdown

14.02

5.06

+8.97

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. EUN.L - Sharpe Ratio Comparison

The current LCPE.L Sharpe Ratio is 2.49, which is higher than the EUN.L Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of LCPE.L and EUN.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.LEUN.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.49

1.28

+1.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.03

0.61

+0.42

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.19

0.49

+0.71

Sharpe Ratio (All Time)

Calculated using the full available price history

0.98

0.20

+0.78

Drawdowns

LCPE.L vs. EUN.L - Drawdown Comparison

The maximum LCPE.L drawdown since its inception was -27.05%, smaller than the maximum EUN.L drawdown of -47.49%. Use the drawdown chart below to compare losses from any high point for LCPE.L and EUN.L.

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Drawdown Indicators

LCPE.LEUN.LDifference

Max Drawdown

Largest peak-to-trough decline

-27.05%

-47.49%

+20.44%

Max Drawdown (1Y)

Largest decline over 1 year

-6.66%

-10.70%

+4.04%

Max Drawdown (3Y)

Largest decline over 3 years

-12.39%

-13.31%

+0.92%

Max Drawdown (5Y)

Largest decline over 5 years

-12.39%

-13.31%

+0.92%

Max Drawdown (10Y)

Largest decline over 10 years

-27.05%

-26.31%

-0.74%

Current Drawdown

Current decline from peak

-3.09%

-3.82%

+0.73%

Average Drawdown

Average peak-to-trough decline

-3.52%

-10.65%

+7.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.01%

3.21%

-1.20%

Volatility

LCPE.L vs. EUN.L - Volatility Comparison

The current volatility for Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS (LCPE.L) is 3.81%, while iShares STOXX Europe 50 UCITS (EUN.L) has a volatility of 4.28%. This indicates that LCPE.L experiences smaller price fluctuations and is considered to be less risky than EUN.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.LEUN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.81%

4.28%

-0.47%

Volatility (6M)

Calculated over the trailing 6-month period

8.50%

10.42%

-1.92%

Volatility (1Y)

Calculated over the trailing 1-year period

11.31%

12.60%

-1.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.75%

13.59%

+4.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.61%

14.83%

+5.78%

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

LCPE.L has a 0.65% expense ratio, which is higher than EUN.L's 0.35% expense ratio.

Dividends

LCPE.L vs. EUN.L - Dividend Comparison

LCPE.L has not paid dividends to shareholders, while EUN.L's dividend yield for the trailing twelve months is around 0.02%.

PositionTTM20252024202320222021202020192018201720162015
EUN.L
iShares STOXX Europe 50 UCITS		0.02%0.02%0.03%0.03%0.03%0.02%0.02%0.03%0.03%0.03%0.03%0.03%
LCPE.L
Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LCPE.L and EUN.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EUN.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EUN.L is cheaper with a 0.35% expense ratio, compared with 0.65% for LCPE.L.

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: Natixis and iShares. Their fees differ too: 0.65% for LCPE.L and 0.35% for EUN.L.

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