MEUD.L vs. EMXC.DE
MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) and EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) are both exchange-traded funds - MEUD.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while EMXC.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, MEUD.L returned 9.92%/yr vs 13.58%/yr for EMXC.DE. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
MEUD.L vs. EMXC.DE - Performance Comparison
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Different Trading Currencies
MEUD.L is traded in GBp, while EMXC.DE is traded in EUR. To make them comparable, the EMXC.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, MEUD.L achieves a 7.81% return, which is significantly lower than EMXC.DE's 37.82% return.
MEUD.L
- 1D
- 1.76%
- 1M
- 3.61%
- YTD
- 7.81%
- 6M
- 9.49%
- 1Y
- 21.10%
- 3Y*
- 14.48%
- 5Y*
- 9.92%
- 10Y*
- 11.01%
EMXC.DE
- 1D
- 3.48%
- 1M
- 5.77%
- YTD
- 37.82%
- 6M
- 41.60%
- 1Y
- 69.25%
- 3Y*
- 24.24%
- 5Y*
- 13.58%
- 10Y*
- —
MEUD.L vs. EMXC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 4.46% |
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 37.82% | 26.16% | 4.37% | 12.03% | -8.86% | 9.27% | 8.02% | -8.22% |
Correlation
The correlation between MEUD.L and EMXC.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.62 |
The correlation between MEUD.L and EMXC.DE has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
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Return for Risk
MEUD.L vs. EMXC.DE — Risk / Return Rank
MEUD.L
EMXC.DE
MEUD.L vs. EMXC.DE - 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 Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE). 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.L | EMXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.60 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 5.55 | -3.68 |
| Martin ratioReturn relative to average drawdown | 6.77 | 19.73 | -12.96 |
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Drawdowns
MEUD.L vs. EMXC.DE - Drawdown Comparison
The maximum MEUD.L drawdown since its inception was -28.57%, smaller than the maximum EMXC.DE drawdown of -38.66%. Use the drawdown chart below to compare losses from any high point for MEUD.L and EMXC.DE.
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Drawdown Indicators
| MEUD.L | EMXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.57% | -38.66% | +10.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | -12.00% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -12.61% | -19.46% | +6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -19.46% | +2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -28.57% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -3.25% | +3.05% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -7.31% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 3.38% | -0.46% |
Volatility
MEUD.L vs. EMXC.DE - Volatility Comparison
The current volatility for Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) is 3.54%, while Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a volatility of 8.56%. This indicates that MEUD.L experiences smaller price fluctuations and is considered to be less risky than EMXC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEUD.L | EMXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 8.56% | -5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.39% | 17.80% | -7.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.31% | 19.96% | -7.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 15.69% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 18.24% | -1.31% |
MEUD.L vs. EMXC.DE - Expense Ratio Comparison
Both MEUD.L and EMXC.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
MEUD.L vs. EMXC.DE - Dividend Comparison
Neither MEUD.L nor EMXC.DE has paid dividends to shareholders.
Frequently Asked Questions
MEUD.L and EMXC.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MEUD.L and EMXC.DE have the same expense ratio: 0.15% per year.
MEUD.L is categorized as Europe Equities, while EMXC.DE is Emerging Markets Equities. MEUD.L tracks MSCI Europe NR EUR, while EMXC.DE tracks MSCI EM NR USD.
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