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LEML.L vs. E127.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LEML.L vs. E127.L

Last updated Jun 4, 2026

LEML.L (Lyxor MSCI Emerging Markets UCITS ETF - Acc USD) and E127.L (Amundi MSCI Emerging Markets II UCITS ETF Dist) are both Emerging Markets Equities funds from Amundi tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, LEML.L returned 8.49%/yr vs 9.53%/yr for E127.L. With a 0.99 correlation, they move nearly in lockstep. LEML.L charges 0.55%/yr vs 0.14%/yr for E127.L.

Performance

LEML.L vs. E127.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor MSCI Emerging Markets UCITS ETF - Acc USD (LEML.L) and Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

LEML.L is traded in GBp, while E127.L is traded in GBP. To make them comparable, the E127.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with LEML.L having a 27.97% return and E127.L slightly higher at 27.98%.

LEML.L

1D
-0.87%
1M
10.52%
YTD
27.97%
6M
30.42%
1Y
57.27%
3Y*
21.05%
5Y*
8.49%
10Y*
10.95%

E127.L

1D
-0.94%
1M
10.42%
YTD
27.98%
6M
30.80%
1Y
58.40%
3Y*
22.27%
5Y*
9.53%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

LEML.L vs. E127.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
LEML.L
Lyxor MSCI Emerging Markets UCITS ETF - Acc USD		27.97%24.60%8.72%2.68%-10.69%-1.92%25.35%
E127.L
Amundi MSCI Emerging Markets II UCITS ETF Dist		27.98%25.81%10.12%3.48%-9.65%-1.28%23.50%

Correlation

The correlation between LEML.L and E127.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

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

0.99

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

0.99

Correlation (All Time)
Calculated using the full available price history since May 21, 2020

0.99

The correlation between LEML.L and E127.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

LEML.L vs. E127.L - Sectors Allocation Comparison

Sectors
LEML.L
E127.L

Technology

36.9%
36.9%

Financial Services

19.5%
19.5%

Consumer Cyclical

9.6%
9.6%

Industrials

7.5%
7.5%

Communication Services

6.9%
6.9%

Basic Materials

6.6%
6.6%

Energy

4.1%
4.1%

Consumer Defensive

3.0%
3.0%

Healthcare

2.9%
2.9%

Utilities

2.1%
2.1%

Real Estate

1.0%
1.0%

Technology

LEML.L
36.9%
E127.L
36.9%

Financial Services

LEML.L
19.5%
E127.L
19.5%

Consumer Cyclical

LEML.L
9.6%
E127.L
9.6%

Industrials

LEML.L
7.5%
E127.L
7.5%

Communication Services

LEML.L
6.9%
E127.L
6.9%

Basic Materials

LEML.L
6.6%
E127.L
6.6%

Energy

LEML.L
4.1%
E127.L
4.1%

Consumer Defensive

LEML.L
3.0%
E127.L
3.0%

Healthcare

LEML.L
2.9%
E127.L
2.9%

Utilities

LEML.L
2.1%
E127.L
2.1%

Real Estate

LEML.L
1.0%
E127.L
1.0%

Compare stocks, funds, or ETFs

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

Lyxor MSCI Emerging Markets UCITS ETF - Acc USD

Amundi MSCI Emerging Markets II UCITS ETF Dist

Often compared with LEML.L:
LEML.L vs. ISDE.LLEML.L vs. MWRD.LLEML.L vs. PACW.LLEML.L vs. SEDY.LLEML.L vs. ANXU.LLEML.L vs. 100D.LLEML.L vs. ACWL.L
Often compared with E127.L:
E127.L vs. SPXP.LE127.L vs. FEMD.LE127.L vs. AEMU.LE127.L vs. SEGM.LE127.L vs. MXFP.LE127.L vs. AEME.LE127.L vs. HEMC.L

Return for Risk

LEML.L vs. E127.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LEML.L
LEML.L Risk / Return Rank: 9090
Overall Rank
LEML.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
LEML.L Sortino Ratio Rank: 9191
Sortino Ratio Rank
LEML.L Omega Ratio Rank: 9292
Omega Ratio Rank
LEML.L Calmar Ratio Rank: 8888
Calmar Ratio Rank
LEML.L Martin Ratio Rank: 8686
Martin Ratio Rank
E127.L
E127.L Risk / Return Rank: 9191
Overall Rank
E127.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
E127.L Sortino Ratio Rank: 9191
Sortino Ratio Rank
E127.L Omega Ratio Rank: 9393
Omega Ratio Rank
E127.L Calmar Ratio Rank: 8989
Calmar Ratio Rank
E127.L Martin Ratio Rank: 8888
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.

LEML.L vs. E127.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI Emerging Markets UCITS ETF - Acc USD (LEML.L) and Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.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.

LEML.LE127.LDifference
Sharpe ratioReturn per unit of total volatility
3.39
3.48

-0.08

Sortino ratioReturn per unit of downside risk
4.32
4.39

-0.07

Omega ratioGain probability vs. loss probability

1.63

1.64

-0.02

Calmar ratioReturn relative to maximum drawdown

5.23

5.37

-0.14

Martin ratioReturn relative to average drawdown

18.25

19.32

-1.07

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

LEML.L vs. E127.L - Sharpe Ratio Comparison

The current LEML.L Sharpe Ratio is 3.39, which is comparable to the E127.L Sharpe Ratio of 3.48. The chart below compares the historical Sharpe Ratios of LEML.L and E127.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

LEML.LE127.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.39

3.48

-0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

0.59

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.76

-0.34

Drawdowns

LEML.L vs. E127.L - Drawdown Comparison

The maximum LEML.L drawdown since its inception was -31.91%, which is greater than E127.L's maximum drawdown of -26.68%. Use the drawdown chart below to compare losses from any high point for LEML.L and E127.L.

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Drawdown Indicators

LEML.LE127.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.91%

-26.68%

-5.23%

Max Drawdown (1Y)

Largest decline over 1 year

-10.89%

-10.82%

-0.07%

Max Drawdown (3Y)

Largest decline over 3 years

-15.34%

-15.31%

-0.03%

Max Drawdown (5Y)

Largest decline over 5 years

-24.14%

-22.89%

-1.25%

Max Drawdown (10Y)

Largest decline over 10 years

-27.59%

—

—

Current Drawdown

Current decline from peak

-0.87%

-0.94%

+0.07%

Average Drawdown

Average peak-to-trough decline

-10.48%

-10.35%

-0.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.13%

3.01%

+0.12%

Volatility

LEML.L vs. E127.L - Volatility Comparison

Lyxor MSCI Emerging Markets UCITS ETF - Acc USD (LEML.L) and Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L) have volatilities of 7.36% and 7.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LEML.LE127.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.36%

7.37%

-0.01%

Volatility (6M)

Calculated over the trailing 6-month period

14.29%

14.21%

+0.08%

Volatility (1Y)

Calculated over the trailing 1-year period

16.80%

16.73%

+0.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.14%

16.17%

-0.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.94%

16.38%

+1.56%

LEML.L vs. E127.L - Expense Ratio Comparison

LEML.L has a 0.55% expense ratio, which is higher than E127.L's 0.14% expense ratio.

Dividends

LEML.L vs. E127.L - Dividend Comparison

LEML.L has not paid dividends to shareholders, while E127.L's dividend yield for the trailing twelve months is around 1.93%.

PositionTTM20252024202320222021
E127.L
Amundi MSCI Emerging Markets II UCITS ETF Dist		1.93%2.47%4.04%4.40%2.79%2.25%
LEML.L
Lyxor MSCI Emerging Markets UCITS ETF - Acc USD		0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.99, LEML.L and E127.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, E127.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

E127.L is cheaper with a 0.14% expense ratio, compared with 0.55% for LEML.L.

Both ETFs track MSCI EM NR USD. Their fees differ too: 0.55% for LEML.L and 0.14% for E127.L.

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