LCUK.DE vs. ZPRE.DE
LCUK.DE (Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist) and ZPRE.DE (SPDR MSCI EMU UCITS ETF) are both Europe Equities funds - LCUK.DE tracks the FTSE AllSh TR GBP while ZPRE.DE tracks the MSCI EMU. Both are passively managed. Over the past 5 years, LCUK.DE returned 10.57%/yr vs 10.50%/yr for ZPRE.DE. A 0.79 correlation means they provide meaningful diversification when combined. LCUK.DE charges 0.04%/yr vs 0.18%/yr for ZPRE.DE.
Performance
LCUK.DE vs. ZPRE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LCUK.DE achieves a 6.49% return, which is significantly lower than ZPRE.DE's 9.05% return.
LCUK.DE
- 1D
- 0.13%
- 1M
- -0.44%
- YTD
- 6.49%
- 6M
- 9.65%
- 1Y
- 16.97%
- 3Y*
- 14.46%
- 5Y*
- 10.57%
- 10Y*
- —
ZPRE.DE
- 1D
- 0.59%
- 1M
- 2.03%
- YTD
- 9.05%
- 6M
- 10.79%
- 1Y
- 17.71%
- 3Y*
- 15.98%
- 5Y*
- 10.50%
- 10Y*
- 9.98%
LCUK.DE vs. ZPRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LCUK.DE Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist | 6.49% | 19.79% | 13.71% | 9.61% | -4.22% | 25.64% | -15.89% | 26.84% | -5.66% |
ZPRE.DE SPDR MSCI EMU UCITS ETF | 9.05% | 24.37% | 9.48% | 18.70% | -11.85% | 21.92% | -0.70% | 27.13% | -11.13% |
Correlation
The correlation between LCUK.DE and ZPRE.DE 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 (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2018 | 0.79 |
The correlation between LCUK.DE and ZPRE.DE has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.
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Return for Risk
LCUK.DE vs. ZPRE.DE — Risk / Return Rank
LCUK.DE
ZPRE.DE
LCUK.DE vs. ZPRE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.DE) and SPDR MSCI EMU UCITS ETF (ZPRE.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.
| LCUK.DE | ZPRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.76 | +0.27 |
| Martin ratioReturn relative to average drawdown | 7.27 | 6.43 | +0.84 |
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
| LCUK.DE | ZPRE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.25 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.64 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.54 | -0.06 |
Drawdowns
LCUK.DE vs. ZPRE.DE - Drawdown Comparison
The maximum LCUK.DE drawdown since its inception was -41.10%, which is greater than ZPRE.DE's maximum drawdown of -38.16%. Use the drawdown chart below to compare losses from any high point for LCUK.DE and ZPRE.DE.
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Drawdown Indicators
| LCUK.DE | ZPRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.10% | -38.16% | -2.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -10.27% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -16.69% | -15.13% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -16.69% | -24.48% | +7.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.16% | — |
Current DrawdownCurrent decline from peak | -2.84% | -0.47% | -2.37% |
Average DrawdownAverage peak-to-trough decline | -5.66% | -5.83% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 2.82% | -0.49% |
Volatility
LCUK.DE vs. ZPRE.DE - Volatility Comparison
Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.DE) and SPDR MSCI EMU UCITS ETF (ZPRE.DE) have volatilities of 4.62% and 4.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCUK.DE | ZPRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 4.62% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 11.92% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 14.52% | -2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.12% | 16.13% | -2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 17.12% | -0.02% |
LCUK.DE vs. ZPRE.DE - Expense Ratio Comparison
LCUK.DE has a 0.04% expense ratio, which is lower than ZPRE.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LCUK.DE vs. ZPRE.DE - Dividend Comparison
LCUK.DE's dividend yield for the trailing twelve months is around 2.84%, while ZPRE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
LCUK.DE Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist | 2.84% | 3.03% | 3.73% | 3.09% | 4.08% | 3.76% | 2.95% | 3.36% |
ZPRE.DE SPDR MSCI EMU UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LCUK.DE and ZPRE.DE 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, LCUK.DE is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCUK.DE is cheaper with a 0.04% expense ratio, compared with 0.18% for ZPRE.DE.
LCUK.DE tracks FTSE AllSh TR GBP, while ZPRE.DE tracks MSCI EMU. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.04% for LCUK.DE and 0.18% for ZPRE.DE.
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