LCPE.L vs. IPOL.L
LCPE.L (Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS) and IPOL.L (iShares MSCI Poland UCITS ETF USD (Acc)) are both exchange-traded funds - LCPE.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while IPOL.L is a Emerging Markets Equities fund tracking the MSCI Emerging - Poland in Net USD. Both are passively managed. Over the past 10 years, LCPE.L returned 9.06%/yr vs 9.34%/yr for IPOL.L. A 0.52 correlation means they provide meaningful diversification when combined. LCPE.L charges 0.65%/yr vs 0.74%/yr for IPOL.L.
Performance
LCPE.L vs. IPOL.L - Performance Comparison
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Different Trading Currencies
LCPE.L is traded in GBp, while IPOL.L is traded in USD. To make them comparable, the IPOL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, LCPE.L achieves a 13.89% return, which is significantly lower than IPOL.L's 14.97% return. Both investments have delivered pretty close results over the past 10 years, with LCPE.L having a 9.06% annualized return and IPOL.L not far ahead at 9.34%.
LCPE.L
- 1D
- 0.32%
- 1M
- -0.17%
- 6M
- 12.47%
- YTD
- 13.89%
- 1Y
- 27.61%
- 3Y*
- 11.70%
- 5Y*
- 8.99%
- 10Y*
- 9.06%
IPOL.L
- 1D
- -1.01%
- 1M
- -4.14%
- 6M
- 12.04%
- YTD
- 14.97%
- 1Y
- 30.48%
- 3Y*
- 26.74%
- 5Y*
- 15.31%
- 10Y*
- 9.34%
LCPE.L vs. IPOL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCPE.L Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS | 13.89% | 18.27% | -2.33% | 10.46% | -0.17% | 17.51% | 8.55% | 16.87% | -6.17% | 9.67% |
IPOL.L iShares MSCI Poland UCITS ETF USD (Acc) | 14.97% | 60.44% | -4.46% | 41.75% | -17.88% | 7.85% | -13.81% | -10.35% | -7.43% | 40.84% |
Correlation
The correlation between LCPE.L and IPOL.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.52 |
The correlation between LCPE.L and IPOL.L has been stable across timeframes, ranging from 0.46 to 0.52 - a consistent structural relationship.
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Return for Risk
LCPE.L vs. IPOL.L — Risk / Return Rank
LCPE.L
IPOL.L
LCPE.L vs. IPOL.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 MSCI Poland UCITS ETF USD (Acc) (IPOL.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LCPE.L | IPOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.22 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 3.16 | +0.90 |
| Martin ratioReturn relative to average drawdown | 12.41 | 7.17 | +5.25 |
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Drawdowns
LCPE.L vs. IPOL.L - Drawdown Comparison
The maximum LCPE.L drawdown since its inception was -27.75%, smaller than the maximum IPOL.L drawdown of -56.74%. Use the drawdown chart below to compare losses from any high point for LCPE.L and IPOL.L.
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Drawdown Indicators
| LCPE.L | IPOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.75% | -56.74% | +28.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.66% | -9.60% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -12.39% | -19.63% | +7.24% |
Max Drawdown (5Y)Largest decline over 5 years | -12.39% | -46.45% | +34.06% |
Max Drawdown (10Y)Largest decline over 10 years | -27.75% | -56.74% | +28.99% |
Current DrawdownCurrent decline from peak | -2.97% | -4.14% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -21.55% | +17.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 4.24% | -2.05% |
Volatility
LCPE.L vs. IPOL.L - Volatility Comparison
The current volatility for Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS (LCPE.L) is 3.63%, while iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.L) has a volatility of 5.06%. This indicates that LCPE.L experiences smaller price fluctuations and is considered to be less risky than IPOL.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.L | IPOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 5.06% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 8.67% | 18.08% | -9.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 23.64% | -12.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.90% | 27.89% | -14.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.18% | 25.84% | -11.66% |
LCPE.L vs. IPOL.L - Expense Ratio Comparison
LCPE.L has a 0.65% expense ratio, which is lower than IPOL.L's 0.74% expense ratio.
Dividends
LCPE.L vs. IPOL.L - Dividend Comparison
Neither LCPE.L nor IPOL.L has paid dividends to shareholders.
Frequently Asked Questions
LCPE.L and IPOL.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LCPE.L is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCPE.L is cheaper with a 0.65% expense ratio, compared with 0.74% for IPOL.L.
LCPE.L is categorized as Europe Equities, while IPOL.L is Emerging Markets Equities. LCPE.L tracks MSCI Europe NR EUR, while IPOL.L tracks MSCI Emerging - Poland in Net USD. They also come from different issuers: Natixis and iShares. Their fees differ too: 0.65% for LCPE.L and 0.74% for IPOL.L.
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