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LEMV.L vs. EUMV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LEMV.L vs. EUMV.L

Last updated Jun 5, 2026

LEMV.L (Ossiam Europe ESG Machine Learning ETF UCITS (EUR)) and EUMV.L (Ossiam Europe ESG Machine Learning ETF UCITS (EUR)) are both Europe Equities funds from Natixis tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, LEMV.L returned 7.81%/yr vs 7.81%/yr for EUMV.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.

Performance

LEMV.L vs. EUMV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (LEMV.L) and Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

LEMV.L is traded in GBp, while EUMV.L is traded in EUR. To make them comparable, the EUMV.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 LEMV.L having a 4.58% return and EUMV.L slightly higher at 4.73%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: LEMV.L at 7.81% and EUMV.L at 7.81%.

LEMV.L

1D
0.80%
1M
-0.09%
YTD
4.58%
6M
6.09%
1Y
7.15%
3Y*
11.31%
5Y*
7.03%
10Y*
7.81%

EUMV.L

1D
0.73%
1M
-0.12%
YTD
4.73%
6M
5.99%
1Y
7.11%
3Y*
11.36%
5Y*
7.03%
10Y*
7.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LEMV.L vs. EUMV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LEMV.L
Ossiam Europe ESG Machine Learning ETF UCITS (EUR)		4.58%17.91%9.36%4.61%-9.18%15.18%6.43%12.42%-4.04%16.10%
EUMV.L
Ossiam Europe ESG Machine Learning ETF UCITS (EUR)		4.73%18.06%9.37%4.56%-9.49%15.84%6.52%11.60%-4.02%17.01%

Correlation

The correlation between LEMV.L and EUMV.L is 0.97 - 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

0.97

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

0.97

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

0.96

Correlation (10Y)
Calculated over the trailing 10-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Feb 15, 2013

0.94

The correlation between LEMV.L and EUMV.L has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

LEMV.L vs. EUMV.L - Sectors Allocation Comparison

Sectors
LEMV.L
EUMV.L

Utilities

20.2%
20.2%

Industrials

18.7%
18.7%

Financial Services

17.1%
17.1%

Communication Services

16.5%
16.5%

Real Estate

11.6%
11.6%

Technology

9.8%
9.8%

Energy

2.2%
2.2%

Consumer Cyclical

2.1%
2.1%

Healthcare

1.3%
1.3%

Consumer Defensive

1.1%
1.1%

Basic Materials

0.4%
0.4%

Utilities

LEMV.L
20.2%
EUMV.L
20.2%

Industrials

LEMV.L
18.7%
EUMV.L
18.7%

Financial Services

LEMV.L
17.1%
EUMV.L
17.1%

Communication Services

LEMV.L
16.5%
EUMV.L
16.5%

Real Estate

LEMV.L
11.6%
EUMV.L
11.6%

Technology

LEMV.L
9.8%
EUMV.L
9.8%

Energy

LEMV.L
2.2%
EUMV.L
2.2%

Consumer Cyclical

LEMV.L
2.1%
EUMV.L
2.1%

Healthcare

LEMV.L
1.3%
EUMV.L
1.3%

Consumer Defensive

LEMV.L
1.1%
EUMV.L
1.1%

Basic Materials

LEMV.L
0.4%
EUMV.L
0.4%

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Ossiam Europe ESG Machine Learning ETF UCITS (EUR)

Ossiam Europe ESG Machine Learning ETF UCITS (EUR)

Often compared with LEMV.L:
LEMV.L vs. 5HEP.LLEMV.L vs. L6EW.LLEMV.L vs. CAPU.LLEMV.L vs. EDIV.LLEMV.L vs. LCPE.LLEMV.L vs. CS1.LLEMV.L vs. IMV.L
Often compared with EUMV.L:
EUMV.L vs. L6EW.LEUMV.L vs. CAPU.LEUMV.L vs. MMS.LEUMV.L vs. 5HEP.LEUMV.L vs. LCPE.LEUMV.L vs. LGUK.LEUMV.L vs. FLXD.L

Return for Risk

LEMV.L vs. EUMV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LEMV.L
LEMV.L Risk / Return Rank: 2121
Overall Rank
LEMV.L Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
LEMV.L Sortino Ratio Rank: 2020
Sortino Ratio Rank
LEMV.L Omega Ratio Rank: 2121
Omega Ratio Rank
LEMV.L Calmar Ratio Rank: 1919
Calmar Ratio Rank
LEMV.L Martin Ratio Rank: 2222
Martin Ratio Rank
EUMV.L
EUMV.L Risk / Return Rank: 1515
Overall Rank
EUMV.L Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
EUMV.L Sortino Ratio Rank: 1515
Sortino Ratio Rank
EUMV.L Omega Ratio Rank: 1515
Omega Ratio Rank
EUMV.L Calmar Ratio Rank: 1616
Calmar Ratio Rank
EUMV.L Martin Ratio Rank: 1717
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.

LEMV.L vs. EUMV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (LEMV.L) and Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.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.

LEMV.LEUMV.LDifference
Sharpe ratioReturn per unit of total volatility
0.69
0.68

+0.02

Sortino ratioReturn per unit of downside risk
1.00
0.98

+0.02

Omega ratioGain probability vs. loss probability

1.13

1.13

0.00

Calmar ratioReturn relative to maximum drawdown

0.78

0.78

0.00

Martin ratioReturn relative to average drawdown

2.65

2.70

-0.06

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

LEMV.L vs. EUMV.L - Sharpe Ratio Comparison

The current LEMV.L Sharpe Ratio is 0.69, which is comparable to the EUMV.L Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of LEMV.L and EUMV.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

LEMV.LEUMV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.69

0.68

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

0.58

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.61

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.69

0.63

+0.07

Drawdowns

LEMV.L vs. EUMV.L - Drawdown Comparison

The maximum LEMV.L drawdown since its inception was -23.95%, roughly equal to the maximum EUMV.L drawdown of -24.37%. Use the drawdown chart below to compare losses from any high point for LEMV.L and EUMV.L.

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Drawdown Indicators

LEMV.LEUMV.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.95%

-24.37%

+0.42%

Max Drawdown (1Y)

Largest decline over 1 year

-9.17%

-9.06%

-0.11%

Max Drawdown (3Y)

Largest decline over 3 years

-9.93%

-10.56%

+0.63%

Max Drawdown (5Y)

Largest decline over 5 years

-17.93%

-17.87%

-0.06%

Max Drawdown (10Y)

Largest decline over 10 years

-23.95%

-24.37%

+0.42%

Current Drawdown

Current decline from peak

-3.14%

-2.95%

-0.19%

Average Drawdown

Average peak-to-trough decline

-3.95%

-3.97%

+0.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.70%

2.62%

+0.08%

Volatility

LEMV.L vs. EUMV.L - Volatility Comparison

The current volatility for Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (LEMV.L) is 2.86%, while Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.L) has a volatility of 3.21%. This indicates that LEMV.L experiences smaller price fluctuations and is considered to be less risky than EUMV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LEMV.LEUMV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.86%

3.21%

-0.35%

Volatility (6M)

Calculated over the trailing 6-month period

8.70%

8.80%

-0.10%

Volatility (1Y)

Calculated over the trailing 1-year period

10.31%

10.49%

-0.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.80%

12.19%

-0.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.49%

12.90%

-0.41%

LEMV.L vs. EUMV.L - Expense Ratio Comparison

Both LEMV.L and EUMV.L have an expense ratio of 0.45%.

Dividends

LEMV.L vs. EUMV.L - Dividend Comparison

Neither LEMV.L nor EUMV.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.97, LEMV.L and EUMV.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.

Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

LEMV.L and EUMV.L have the same expense ratio: 0.45% per year.

Both ETFs track MSCI Europe NR EUR.

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