LCUW.DE vs. PIOTX

Last updated Jun 5, 2026

LCUW.DE (Amundi MSCI World V UCITS ETF Acc) and PIOTX (Pioneer Core Equity Fund) are both funds - LCUW.DE is a Global Equities fund tracking the MSCI World, while PIOTX is a Large Cap Blend Equities fund managed by Amundi. A 0.52 correlation means they provide meaningful diversification when combined. LCUW.DE charges 0.12%/yr vs 0.88%/yr for PIOTX.

Performance

LCUW.DE vs. PIOTX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI World V UCITS ETF Acc (LCUW.DE) and Pioneer Core Equity Fund (PIOTX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LCUW.DE is traded in EUR, while PIOTX is traded in USD. To make them comparable, the PIOTX values have been converted to EUR using the latest available exchange rates.

Returns By Period

LCUW.DE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PIOTX

• 1D: -0.57%
• 1M: 6.37%
• YTD: 11.96%
• 6M: 10.70%
• 1Y: 24.89%
• 3Y*: 14.32%
• 5Y*: 10.86%
• 10Y*: 13.47%

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

LCUW.DE vs. PIOTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LCUW.DE Amundi MSCI World V UCITS ETF Acc	0.00%	3.85%	25.97%	20.04%	-14.02%	33.02%	5.33%	31.23%	0.23%
PIOTX Pioneer Core Equity Fund	11.96%	3.07%	21.89%	14.64%	-12.15%	35.22%	11.01%	34.39%	0.05%

Correlation

The correlation between LCUW.DE and PIOTX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Mar 26, 2018	0.52

The correlation between LCUW.DE and PIOTX shifts across timeframes, from 0.37 (3 years) to 0.52 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LCUW.DE vs. PIOTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PIOTX

PIOTX Risk / Return Rank: 57
PIOTX Sharpe Ratio Rank: 57
PIOTX Sortino Ratio Rank: 53
PIOTX Omega Ratio Rank: 53
PIOTX Calmar Ratio Rank: 70
PIOTX Martin Ratio Rank: 53

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.

LCUW.DE vs. PIOTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World V UCITS ETF Acc (LCUW.DE) and Pioneer Core Equity Fund (PIOTX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	LCUW.DE	PIOTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.94	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.44	—

Drawdowns

Drawdown Indicators

	LCUW.DE	PIOTX	Difference
Max Drawdown Largest peak-to-trough decline	—	-57.80%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.05%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.23%	—
Current Drawdown Current decline from peak	—	-0.57%	—
Average Drawdown Average peak-to-trough decline	—	-11.94%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.92%	—

Volatility

Volatility by Period

	LCUW.DE	PIOTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.65%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.84%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.52%	—

LCUW.DE vs. PIOTX - Expense Ratio Comparison

LCUW.DE has a 0.12% expense ratio, which is lower than PIOTX's 0.88% expense ratio.

Dividends

LCUW.DE vs. PIOTX - Dividend Comparison

LCUW.DE has not paid dividends to shareholders, while PIOTX's dividend yield for the trailing twelve months is around 6.81%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCUW.DE Amundi MSCI World V UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PIOTX Pioneer Core Equity Fund	6.81%	7.53%	5.87%	2.83%	7.10%	20.38%	8.56%	3.06%	19.73%	9.04%	1.13%	0.74%

Frequently Asked Questions

Can I hold both LCUW.DE and PIOTX in my portfolio?

LCUW.DE and PIOTX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.