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

LCUK.L vs. MVEU.L

Last updated Jun 25, 2026

LCUK.L (Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds - LCUK.L tracks the FTSE AllSh TR GBP while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, LCUK.L returned 10.73%/yr vs 7.13%/yr for MVEU.L. A 0.72 correlation means they provide meaningful diversification when combined. LCUK.L charges 0.04%/yr vs 0.25%/yr for MVEU.L.

Performance

LCUK.L vs. MVEU.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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 MVEU.L is traded in EUR. To make them comparable, the MVEU.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 6.81% return, which is significantly higher than MVEU.L's 5.99% return.

LCUK.L

1D
0.20%
1M
0.14%
YTD
6.81%
6M
7.28%
1Y
21.51%
3Y*
15.69%
5Y*
10.73%
10Y*
—

MVEU.L

1D
0.50%
1M
-0.08%
YTD
5.99%
6M
6.28%
1Y
10.48%
3Y*
11.60%
5Y*
7.13%
10Y*
7.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
LCUK.L
Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist		6.81%24.84%9.06%7.19%2.22%18.01%-11.80%18.71%-4.60%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		5.99%17.63%6.71%8.45%-8.16%14.46%1.57%15.47%-0.28%

Correlation

The correlation between LCUK.L and MVEU.L is 0.65, 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

0.65

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

0.70

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

0.69

Correlation (All Time)
Calculated using the full available price history since Feb 27, 2018

0.72

The correlation between LCUK.L and MVEU.L has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

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

Sectors
LCUK.L
MVEU.L

Financial Services

24.8%
17.6%

Industrials

14.2%
15.6%

Consumer Defensive

13.6%
14.1%

Healthcare

13.0%
12.3%

Energy

10.2%
6.9%

Basic Materials

8.8%
5.1%

Consumer Cyclical

5.4%
3.6%

Utilities

4.6%
10.1%

Communication Services

3.0%
9.0%

Real Estate

1.4%
1.5%

Technology

1.0%
3.4%

Financial Services

LCUK.L
24.8%
MVEU.L
17.6%

Industrials

LCUK.L
14.2%
MVEU.L
15.6%

Consumer Defensive

LCUK.L
13.6%
MVEU.L
14.1%

Healthcare

LCUK.L
13.0%
MVEU.L
12.3%

Energy

LCUK.L
10.2%
MVEU.L
6.9%

Basic Materials

LCUK.L
8.8%
MVEU.L
5.1%

Consumer Cyclical

LCUK.L
5.4%
MVEU.L
3.6%

Utilities

LCUK.L
4.6%
MVEU.L
10.1%

Communication Services

LCUK.L
3.0%
MVEU.L
9.0%

Real Estate

LCUK.L
1.4%
MVEU.L
1.5%

Technology

LCUK.L
1.0%
MVEU.L
3.4%

Compare stocks, funds, or ETFs

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

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

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)

Often compared with LCUK.L:
LCUK.L vs. LGUK.LLCUK.L vs. JURE.LLCUK.L vs. XASX.LLCUK.L vs. VUKG.LLCUK.L vs. IITU.LLCUK.L vs. VUKE.LLCUK.L vs. SMGB.L
Often compared with MVEU.L:
MVEU.L vs. SVOLMVEU.L vs. VTMVEU.L vs. FLXD.LMVEU.L vs. EUHD.LMVEU.L vs. CS1.LMVEU.L vs. CSP1.LMVEU.L vs. IITU.L

Return for Risk

LCUK.L vs. MVEU.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: 5858
Overall Rank
LCUK.L Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
LCUK.L Sortino Ratio Rank: 6464
Sortino Ratio Rank
LCUK.L Omega Ratio Rank: 6262
Omega Ratio Rank
LCUK.L Calmar Ratio Rank: 5353
Calmar Ratio Rank
LCUK.L Martin Ratio Rank: 5050
Martin Ratio Rank
MVEU.L
MVEU.L Risk / Return Rank: 3131
Overall Rank
MVEU.L Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
MVEU.L Sortino Ratio Rank: 3131
Sortino Ratio Rank
MVEU.L Omega Ratio Rank: 3131
Omega Ratio Rank
MVEU.L Calmar Ratio Rank: 3030
Calmar Ratio Rank
MVEU.L Martin Ratio Rank: 3232
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. MVEU.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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.

LCUK.LMVEU.LDifference
Sharpe ratioReturn per unit of total volatility
1.84
1.17

+0.67

Sortino ratioReturn per unit of downside risk
2.60
1.63

+0.97

Omega ratioGain probability vs. loss probability

1.33

1.21

+0.12

Calmar ratioReturn relative to maximum drawdown

2.34

1.25

+1.09

Martin ratioReturn relative to average drawdown

7.56

3.71

+3.84

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

The current LCUK.L Sharpe Ratio is 1.84, which is higher than the MVEU.L Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of LCUK.L and MVEU.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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Drawdowns

LCUK.L vs. MVEU.L - Drawdown Comparison

The maximum LCUK.L drawdown since its inception was -35.53%, which is greater than MVEU.L's maximum drawdown of -23.74%. Use the drawdown chart below to compare losses from any high point for LCUK.L and MVEU.L.

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Drawdown Indicators

LCUK.LMVEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.53%

-23.74%

-11.79%

Max Drawdown (1Y)

Largest decline over 1 year

-9.13%

-8.32%

-0.81%

Max Drawdown (3Y)

Largest decline over 3 years

-12.63%

-8.32%

-4.31%

Max Drawdown (5Y)

Largest decline over 5 years

-12.63%

-17.42%

+4.79%

Max Drawdown (10Y)

Largest decline over 10 years

—

-23.74%

—

Current Drawdown

Current decline from peak

-3.15%

-3.45%

+0.30%

Average Drawdown

Average peak-to-trough decline

-4.94%

-3.52%

-1.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.84%

2.82%

+0.02%

Volatility

LCUK.L vs. MVEU.L - Volatility Comparison

Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.L) has a higher volatility of 2.69% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 1.88%. This indicates that LCUK.L's price experiences larger fluctuations and is considered to be riskier than MVEU.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.LMVEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.69%

1.88%

+0.81%

Volatility (6M)

Calculated over the trailing 6-month period

9.71%

7.31%

+2.40%

Volatility (1Y)

Calculated over the trailing 1-year period

11.61%

8.92%

+2.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.89%

11.28%

+1.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.55%

12.62%

+2.93%

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

LCUK.L has a 0.04% expense ratio, which is lower than MVEU.L's 0.25% 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. MVEU.L - Dividend Comparison

LCUK.L's dividend yield for the trailing twelve months is around 2.85%, while MVEU.L has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019
LCUK.L
Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist		2.85%3.04%3.68%3.05%3.93%3.87%2.99%3.48%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LCUK.L and MVEU.L have a correlation of 0.65, 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 0.25% for MVEU.L.

LCUK.L tracks FTSE AllSh TR GBP, while MVEU.L tracks MSCI Europe NR EUR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.04% for LCUK.L and 0.25% for MVEU.L.

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