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LCUK.L vs. CEUR.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LCUK.L vs. CEUR.L

Last updated Jun 5, 2026

LCUK.L (Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist) and CEUR.L (Amundi MSCI Europe) are both Europe Equities funds from Amundi - LCUK.L tracks the FTSE AllSh TR GBP while CEUR.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, LCUK.L returned 10.01%/yr vs 9.47%/yr for CEUR.L. Their correlation of 0.84 suggests significant overlap in exposure. LCUK.L charges 0.04%/yr vs 0.05%/yr for CEUR.L.

Performance

LCUK.L vs. CEUR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.L) and Amundi MSCI Europe (CEUR.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

LCUK.L is traded in GBP, while CEUR.L is traded in GBp. To make them comparable, the CEUR.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, LCUK.L achieves a 5.93% return, which is significantly lower than CEUR.L's 6.66% return.

LCUK.L

1D
0.54%
1M
1.88%
YTD
5.93%
6M
5.05%
1Y
16.53%
3Y*
13.40%
5Y*
10.01%
10Y*
—

CEUR.L

1D
0.46%
1M
3.94%
YTD
6.66%
6M
8.98%
1Y
19.26%
3Y*
13.68%
5Y*
9.47%
10Y*
9.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LCUK.L vs. CEUR.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
LCUK.L
Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist		5.93%21.01%9.05%7.25%2.15%18.06%-11.83%18.73%-0.85%
CEUR.L
Amundi MSCI Europe		6.66%24.46%4.90%12.93%-5.96%17.02%2.29%19.59%-3.10%

Correlation

The correlation between LCUK.L and CEUR.L 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

0.80

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

0.81

Correlation (All Time)
Calculated using the full available price history since Mar 23, 2018

0.84

The correlation between LCUK.L and CEUR.L shifts across timeframes, from 0.73 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

LCUK.L vs. CEUR.L - Sectors Allocation Comparison

Sectors
LCUK.L
CEUR.L

Financial Services

24.2%
25.1%

Industrials

13.9%
19.8%

Consumer Defensive

13.7%
7.2%

Healthcare

13.2%
13.8%

Energy

11.1%
3.5%

Basic Materials

8.3%
3.8%

Consumer Cyclical

5.2%
6.2%

Utilities

5.1%
5.3%

Communication Services

3.0%
3.4%

Real Estate

1.4%
1.7%

Technology

0.9%
10.4%

Financial Services

LCUK.L
24.2%
CEUR.L
25.1%

Industrials

LCUK.L
13.9%
CEUR.L
19.8%

Consumer Defensive

LCUK.L
13.7%
CEUR.L
7.2%

Healthcare

LCUK.L
13.2%
CEUR.L
13.8%

Energy

LCUK.L
11.1%
CEUR.L
3.5%

Basic Materials

LCUK.L
8.3%
CEUR.L
3.8%

Consumer Cyclical

LCUK.L
5.2%
CEUR.L
6.2%

Utilities

LCUK.L
5.1%
CEUR.L
5.3%

Communication Services

LCUK.L
3.0%
CEUR.L
3.4%

Real Estate

LCUK.L
1.4%
CEUR.L
1.7%

Technology

LCUK.L
0.9%
CEUR.L
10.4%

Compare stocks, funds, or ETFs

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Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist

Amundi MSCI Europe

Often compared with LCUK.L:
LCUK.L vs. LGUK.LLCUK.L vs. JURE.LLCUK.L vs. XASX.LLCUK.L vs. VUKG.LLCUK.L vs. SMGB.LLCUK.L vs. IITU.LLCUK.L vs. VUKE.L
Often compared with CEUR.L:
CEUR.L vs. DTLA.LCEUR.L vs. XS7R.LCEUR.L vs. XDWT.LCEUR.L vs. URTHCEUR.L vs. VERX.LCEUR.L vs. QQQCEUR.L vs. SPY

Return for Risk

LCUK.L vs. CEUR.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LCUK.L
LCUK.L Risk / Return Rank: 3838
Overall Rank
LCUK.L Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
LCUK.L Sortino Ratio Rank: 3838
Sortino Ratio Rank
LCUK.L Omega Ratio Rank: 4040
Omega Ratio Rank
LCUK.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
LCUK.L Martin Ratio Rank: 3838
Martin Ratio Rank
CEUR.L
CEUR.L Risk / Return Rank: 4242
Overall Rank
CEUR.L Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
CEUR.L Sortino Ratio Rank: 4545
Sortino Ratio Rank
CEUR.L Omega Ratio Rank: 4747
Omega Ratio Rank
CEUR.L Calmar Ratio Rank: 3636
Calmar Ratio Rank
CEUR.L Martin Ratio Rank: 3939
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.

LCUK.L vs. CEUR.L - 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.L) and Amundi MSCI Europe (CEUR.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.

LCUK.LCEUR.LDifference
Sharpe ratioReturn per unit of total volatility
1.38
1.54

-0.16

Sortino ratioReturn per unit of downside risk
1.92
2.18

-0.26

Omega ratioGain probability vs. loss probability

1.25

1.29

-0.04

Calmar ratioReturn relative to maximum drawdown

1.80

1.74

+0.07

Martin ratioReturn relative to average drawdown

5.79

6.06

-0.27

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

LCUK.L vs. CEUR.L - Sharpe Ratio Comparison

The current LCUK.L Sharpe Ratio is 1.38, which is comparable to the CEUR.L Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of LCUK.L and CEUR.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

LCUK.LCEUR.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.38

1.54

-0.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

0.68

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.56

-0.05

Drawdowns

LCUK.L vs. CEUR.L - Drawdown Comparison

The maximum LCUK.L drawdown since its inception was -35.54%, which is greater than CEUR.L's maximum drawdown of -28.63%. Use the drawdown chart below to compare losses from any high point for LCUK.L and CEUR.L.

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Drawdown Indicators

LCUK.LCEUR.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.54%

-28.63%

-6.91%

Max Drawdown (1Y)

Largest decline over 1 year

-9.13%

-11.05%

+1.92%

Max Drawdown (3Y)

Largest decline over 3 years

-12.65%

-12.66%

+0.01%

Max Drawdown (5Y)

Largest decline over 5 years

-12.65%

-17.85%

+5.20%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.63%

—

Current Drawdown

Current decline from peak

-3.98%

-1.52%

-2.46%

Average Drawdown

Average peak-to-trough decline

-4.97%

-4.58%

-0.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.85%

3.17%

-0.32%

Volatility

LCUK.L vs. CEUR.L - Volatility Comparison

The current volatility for Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.L) is 3.76%, while Amundi MSCI Europe (CEUR.L) has a volatility of 4.25%. This indicates that LCUK.L experiences smaller price fluctuations and is considered to be less risky than CEUR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LCUK.LCEUR.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.76%

4.25%

-0.49%

Volatility (6M)

Calculated over the trailing 6-month period

10.20%

10.53%

-0.33%

Volatility (1Y)

Calculated over the trailing 1-year period

11.92%

12.44%

-0.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.97%

13.88%

-0.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.69%

14.97%

+0.72%

LCUK.L vs. CEUR.L - Expense Ratio Comparison

LCUK.L has a 0.04% expense ratio, which is lower than CEUR.L's 0.05% 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.L vs. CEUR.L - Dividend Comparison

Neither LCUK.L nor CEUR.L has paid dividends to shareholders.

PositionTTM2025202420232022202120202019
CEUR.L
Amundi MSCI Europe		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
LCUK.L
Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist		0.00%0.00%3.68%3.05%3.94%3.86%3.00%3.48%

Frequently Asked Questions

LCUK.L and CEUR.L 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.

On fees, LCUK.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

LCUK.L is cheaper with a 0.04% expense ratio, compared with 0.05% for CEUR.L.

LCUK.L tracks FTSE AllSh TR GBP, while CEUR.L tracks MSCI Europe NR EUR. Their fees differ too: 0.04% for LCUK.L and 0.05% for CEUR.L.

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