LDEU.L vs. 0Y8Z.L
LDEU.L (L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist)) and 0Y8Z.L (iShares Core MSCI EMU UCITS ETF EUR (Dist)) are both Europe Equities funds - LDEU.L tracks the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index while 0Y8Z.L tracks the MSCI EMU Net Index (EUR). Both are passively managed. Over the past 3 years, LDEU.L returned 25.10%/yr vs 15.70%/yr for 0Y8Z.L. At a 0.42 correlation, their price movements are largely independent. LDEU.L charges 0.25%/yr vs 0.12%/yr for 0Y8Z.L.
Performance
LDEU.L vs. 0Y8Z.L - Performance Comparison
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Returns By Period
In the year-to-date period, LDEU.L achieves a 15.44% return, which is significantly higher than 0Y8Z.L's 10.50% return.
LDEU.L
- 1D
- 0.17%
- 1M
- 0.73%
- 6M
- 12.07%
- YTD
- 15.44%
- 1Y
- 29.48%
- 3Y*
- 25.10%
- 5Y*
- 17.14%
- 10Y*
- —
0Y8Z.L
- 1D
- -0.68%
- 1M
- -1.47%
- 6M
- 6.47%
- YTD
- 10.50%
- 1Y
- 20.10%
- 3Y*
- 15.70%
- 5Y*
- —
- 10Y*
- —
LDEU.L vs. 0Y8Z.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist) | 15.44% | 37.56% | 14.64% | 16.76% | 7.66% |
0Y8Z.L iShares Core MSCI EMU UCITS ETF EUR (Dist) | 10.50% | 24.83% | 8.63% | 15.41% | 1.14% |
Correlation
The correlation between LDEU.L and 0Y8Z.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022 | 0.42 |
The correlation between LDEU.L and 0Y8Z.L shifts across timeframes, from 0.42 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LDEU.L vs. 0Y8Z.L — Risk / Return Rank
LDEU.L
0Y8Z.L
LDEU.L vs. 0Y8Z.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist) (LDEU.L) and iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.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.
| LDEU.L | 0Y8Z.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.25 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 2.05 | +2.27 |
| Martin ratioReturn relative to average drawdown | 15.09 | 7.79 | +7.31 |
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Drawdowns
LDEU.L vs. 0Y8Z.L - Drawdown Comparison
The maximum LDEU.L drawdown since its inception was -20.16%, which is greater than 0Y8Z.L's maximum drawdown of -14.60%. Use the drawdown chart below to compare losses from any high point for LDEU.L and 0Y8Z.L.
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Drawdown Indicators
| LDEU.L | 0Y8Z.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.16% | -14.60% | -5.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -10.00% | +3.20% |
Max Drawdown (3Y)Largest decline over 3 years | -14.78% | -14.60% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -20.16% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.44% | +3.44% |
Average DrawdownAverage peak-to-trough decline | -3.03% | -2.23% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.61% | -0.66% |
Volatility
LDEU.L vs. 0Y8Z.L - Volatility Comparison
The current volatility for L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist) (LDEU.L) is 2.73%, while iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.L) has a volatility of 4.03%. This indicates that LDEU.L experiences smaller price fluctuations and is considered to be less risky than 0Y8Z.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDEU.L | 0Y8Z.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 4.03% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 13.24% | -3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.64% | 15.76% | -4.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.38% | 18.99% | -4.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.24% | 18.99% | -4.75% |
LDEU.L vs. 0Y8Z.L - Expense Ratio Comparison
LDEU.L has a 0.25% expense ratio, which is higher than 0Y8Z.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LDEU.L vs. 0Y8Z.L - Dividend Comparison
LDEU.L's dividend yield for the trailing twelve months is around 3.50%, more than 0Y8Z.L's 2.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
0Y8Z.L iShares Core MSCI EMU UCITS ETF EUR (Dist) | 2.33% | 2.53% | 2.41% | 0.00% | 0.00% | 0.00% |
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight UCITS ETF EUR (Dist) | 3.50% | 3.47% | 4.36% | 4.44% | 4.17% | 2.93% |
Frequently Asked Questions
LDEU.L and 0Y8Z.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0Y8Z.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0Y8Z.L is cheaper with a 0.12% expense ratio, compared with 0.25% for LDEU.L.
LDEU.L tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index, while 0Y8Z.L tracks MSCI EMU Net Index (EUR). They also come from different issuers: L&G and iShares. Their fees differ too: 0.25% for LDEU.L and 0.12% for 0Y8Z.L.
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