LCUK.L vs. V3EL.L

Last updated Jun 5, 2026

LCUK.L (Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist) and V3EL.L (Vanguard ESG Developed Europe All Cap UCITS ETF EUR Distributing) are both Europe Equities funds - LCUK.L tracks the FTSE AllSh TR GBP while V3EL.L tracks the FTSE Developed Europe All Cap Choice Index. Both are passively managed. Over the past 3 years, LCUK.L returned 13.40%/yr vs 12.59%/yr for V3EL.L. A 0.77 correlation means they provide meaningful diversification when combined. LCUK.L charges 0.04%/yr vs 0.12%/yr for V3EL.L.

Performance

LCUK.L vs. V3EL.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 Vanguard ESG Developed Europe All Cap UCITS ETF EUR Distributing (V3EL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCUK.L achieves a 5.93% return, which is significantly higher than V3EL.L's 4.68% 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*: —

V3EL.L

• 1D: 0.76%
• 1M: 4.49%
• YTD: 4.68%
• 6M: 7.25%
• 1Y: 15.45%
• 3Y*: 12.59%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LCUK.L vs. V3EL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LCUK.L Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist	5.93%	21.01%	9.05%	7.25%	-0.68%
V3EL.L Vanguard ESG Developed Europe All Cap UCITS ETF EUR Distributing	4.68%	23.27%	4.39%	13.76%	0.75%

Correlation

The correlation between LCUK.L and V3EL.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	0.76
Correlation (All Time) Calculated using the full available price history since Aug 19, 2022	0.77

The correlation between LCUK.L and V3EL.L has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.

Return for Risk

LCUK.L vs. V3EL.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: 38
LCUK.L Sharpe Ratio Rank: 40
LCUK.L Sortino Ratio Rank: 38
LCUK.L Omega Ratio Rank: 40
LCUK.L Calmar Ratio Rank: 37
LCUK.L Martin Ratio Rank: 38

V3EL.L

V3EL.L Risk / Return Rank: 32
V3EL.L Sharpe Ratio Rank: 34
V3EL.L Sortino Ratio Rank: 34
V3EL.L Omega Ratio Rank: 35
V3EL.L Calmar Ratio Rank: 28
V3EL.L Martin Ratio Rank: 32

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. V3EL.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 Vanguard ESG Developed Europe All Cap UCITS ETF EUR Distributing (V3EL.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.L	V3EL.L	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.20	+0.18
Sortino ratio: Return per unit of downside risk	1.92	1.74	+0.18
Omega ratio: Gain probability vs. loss probability	1.25	1.23	+0.03
Calmar ratio: Return relative to maximum drawdown	1.80	1.33	+0.47
Martin ratio: Return relative to average drawdown	5.79	4.64	+1.14
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. V3EL.L - Sharpe Ratio Comparison

The current LCUK.L Sharpe Ratio is 1.38, which is comparable to the V3EL.L Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of LCUK.L and V3EL.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.

Sharpe Ratios by Period

	LCUK.L	V3EL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	1.20	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.92	-0.41

Drawdowns

LCUK.L vs. V3EL.L - Drawdown Comparison

The maximum LCUK.L drawdown since its inception was -35.54%, which is greater than V3EL.L's maximum drawdown of -12.74%. Use the drawdown chart below to compare losses from any high point for LCUK.L and V3EL.L.

Drawdown Indicators

	LCUK.L	V3EL.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.54%	-12.74%	-22.80%
Max Drawdown (1Y) Largest decline over 1 year	-9.13%	-11.57%	+2.44%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-12.74%	+0.09%
Max Drawdown (5Y) Largest decline over 5 years	-12.65%	—	—
Current Drawdown Current decline from peak	-3.98%	-1.31%	-2.67%
Average Drawdown Average peak-to-trough decline	-4.97%	-2.48%	-2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	3.32%	-0.47%

Volatility

LCUK.L vs. V3EL.L - Volatility Comparison

The current volatility for Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.L) is 3.76%, while Vanguard ESG Developed Europe All Cap UCITS ETF EUR Distributing (V3EL.L) has a volatility of 4.13%. This indicates that LCUK.L experiences smaller price fluctuations and is considered to be less risky than V3EL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCUK.L	V3EL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	4.13%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	10.20%	10.80%	-0.60%
Volatility (1Y) Calculated over the trailing 1-year period	11.92%	12.86%	-0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.97%	13.16%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	13.16%	+2.53%

LCUK.L vs. V3EL.L - Expense Ratio Comparison

LCUK.L has a 0.04% expense ratio, which is lower than V3EL.L's 0.12% 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. V3EL.L - Dividend Comparison

LCUK.L has not paid dividends to shareholders, while V3EL.L's dividend yield for the trailing twelve months is around 2.52%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
V3EL.L Vanguard ESG Developed Europe All Cap UCITS ETF EUR Distributing	2.52%	2.63%	2.87%	2.61%	0.37%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCUK.L and V3EL.L in my portfolio?

LCUK.L and V3EL.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.

Which ETF is better, LCUK.L or V3EL.L?

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.

Which ETF is cheaper, LCUK.L or V3EL.L?

LCUK.L is cheaper with a 0.04% expense ratio, compared with 0.12% for V3EL.L.

What is the main difference between LCUK.L and V3EL.L?

LCUK.L tracks FTSE AllSh TR GBP, while V3EL.L tracks FTSE Developed Europe All Cap Choice Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.04% for LCUK.L and 0.12% for V3EL.L.