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MEUD.L vs. BA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MEUD.L vs. BA.L

Last updated Jun 13, 2026

MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) is Europe Equities fund tracking the MSCI Europe NR EUR, while BA.L (BAE Systems plc) is a stock. Over the past 10 years, MEUD.L returned 11.01%/yr vs 18.87%/yr for BA.L. At a 0.39 correlation, their price movements are largely independent.

Performance

MEUD.L vs. BA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) and BAE Systems plc (BA.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MEUD.L achieves a 7.81% return, which is significantly lower than BA.L's 12.71% return. Over the past 10 years, MEUD.L has underperformed BA.L with an annualized return of 11.01%, while BA.L has yielded a comparatively higher 18.87% annualized return.

MEUD.L

1D
1.76%
1M
3.68%
YTD
7.81%
6M
9.49%
1Y
19.78%
3Y*
14.48%
5Y*
9.92%
10Y*
11.01%

BA.L

1D
-1.62%
1M
-0.91%
YTD
12.71%
6M
13.60%
1Y
3.23%
3Y*
28.80%
5Y*
32.37%
10Y*
18.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MEUD.L vs. BA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MEUD.L
Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc		7.81%26.51%3.65%13.48%-5.04%17.06%3.85%20.40%-9.59%15.43%
BA.L
BAE Systems plc		12.71%52.12%5.88%33.31%60.92%17.57%-9.28%28.43%-16.75%0.30%

Correlation

The correlation between MEUD.L and BA.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.17

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

0.23

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

0.20

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

0.34

Correlation (All Time)
Calculated using the full available price history since Apr 3, 2013

0.39

Over the past year, the correlation between MEUD.L and BA.L has dropped to 0.17 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.

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Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc

BAE Systems plc

Often compared with MEUD.L:
MEUD.L vs. SMEA.LMEUD.L vs. XSX6.LMEUD.L vs. VEUA.LMEUD.L vs. SPYMEUD.L vs. HMEU.LMEUD.L vs. VUAA.LMEUD.L vs. CS51.L
Often compared with BA.L:
BA.L vs. RTXBA.L vs. BAB.LBA.L vs. AVAVBA.L vs. LDO.MIBA.L vs. LHXBA.L vs. AIR.PABA.L vs. LLOY.L

Return for Risk

MEUD.L vs. BA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MEUD.L
MEUD.L Risk / Return Rank: 5050
Overall Rank
MEUD.L Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
MEUD.L Sortino Ratio Rank: 5353
Sortino Ratio Rank
MEUD.L Omega Ratio Rank: 5656
Omega Ratio Rank
MEUD.L Calmar Ratio Rank: 4343
Calmar Ratio Rank
MEUD.L Martin Ratio Rank: 4646
Martin Ratio Rank
BA.L
BA.L Risk / Return Rank: 4444
Overall Rank
BA.L Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
BA.L Sortino Ratio Rank: 4040
Sortino Ratio Rank
BA.L Omega Ratio Rank: 4040
Omega Ratio Rank
BA.L Calmar Ratio Rank: 4646
Calmar Ratio Rank
BA.L Martin Ratio Rank: 4646
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.

MEUD.L vs. BA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) and BAE Systems plc (BA.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.

MEUD.LBA.LDifference
Sharpe ratioReturn per unit of total volatility
1.60
0.11

+1.49

Sortino ratioReturn per unit of downside risk
2.27
0.36

+1.91

Omega ratioGain probability vs. loss probability

1.30

1.04

+0.26

Calmar ratioReturn relative to maximum drawdown

1.87

0.15

+1.72

Martin ratioReturn relative to average drawdown

6.77

0.33

+6.44

MEUD.L vs. BA.L - Sharpe Ratio Comparison

The current MEUD.L Sharpe Ratio is 1.60, which is higher than the BA.L Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of MEUD.L and BA.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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Drawdowns

MEUD.L vs. BA.L - Drawdown Comparison

The maximum MEUD.L drawdown since its inception was -28.57%, smaller than the maximum BA.L drawdown of -43.67%. Use the drawdown chart below to compare losses from any high point for MEUD.L and BA.L.

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Drawdown Indicators

MEUD.LBA.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.57%

-43.67%

+15.10%

Max Drawdown (1Y)

Largest decline over 1 year

-10.53%

-21.30%

+10.77%

Max Drawdown (3Y)

Largest decline over 3 years

-12.61%

-21.30%

+8.69%

Max Drawdown (5Y)

Largest decline over 5 years

-17.09%

-21.30%

+4.21%

Max Drawdown (10Y)

Largest decline over 10 years

-28.57%

-37.80%

+9.23%

Current Drawdown

Current decline from peak

-0.20%

-17.12%

+16.92%

Average Drawdown

Average peak-to-trough decline

-6.89%

-12.74%

+5.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.92%

9.84%

-6.92%

Volatility

MEUD.L vs. BA.L - Volatility Comparison

The current volatility for Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) is 3.54%, while BAE Systems plc (BA.L) has a volatility of 8.48%. This indicates that MEUD.L experiences smaller price fluctuations and is considered to be less risky than BA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MEUD.LBA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.54%

8.48%

-4.94%

Volatility (6M)

Calculated over the trailing 6-month period

10.39%

23.43%

-13.04%

Volatility (1Y)

Calculated over the trailing 1-year period

12.31%

29.85%

-17.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.02%

25.82%

-9.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.93%

25.07%

-8.14%

Dividends

MEUD.L vs. BA.L - Dividend Comparison

MEUD.L has not paid dividends to shareholders, while BA.L's dividend yield for the trailing twelve months is around 1.90%.

PositionTTM20252024202320222021202020192018201720162015
BA.L
BAE Systems plc		1.90%1.99%2.69%2.53%2.99%4.40%4.75%4.00%4.79%3.75%3.57%4.14%
MEUD.L
Lyxor Core STOXX Europe 600 (DR) - 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%

Frequently Asked Questions

MEUD.L and BA.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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