MEUD.L vs. FWIA.DE
MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) and FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - MEUD.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while FWIA.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past year, MEUD.L returned 19.78% vs 29.33% for FWIA.DE. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
MEUD.L vs. FWIA.DE - Performance Comparison
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Different Trading Currencies
MEUD.L is traded in GBp, while FWIA.DE is traded in EUR. To make them comparable, the FWIA.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 FWIA.DE's 11.66% 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%
FWIA.DE
- 1D
- -0.15%
- 1M
- 1.09%
- YTD
- 11.66%
- 6M
- 12.65%
- 1Y
- 29.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MEUD.L vs. FWIA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MEUD.L Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc | 7.81% | 26.51% | 3.65% | 6.84% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 11.66% | 14.69% | 19.26% | 8.66% |
Correlation
The correlation between MEUD.L and FWIA.DE is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023 | 0.65 |
The correlation between MEUD.L and FWIA.DE has been stable across timeframes, ranging from 0.65 to 0.68 - a consistent structural relationship.
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Return for Risk
MEUD.L vs. FWIA.DE — Risk / Return Rank
MEUD.L
FWIA.DE
MEUD.L vs. FWIA.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 Invesco FTSE All-World UCITS ETF Acc (FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.52 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 4.21 | -2.34 |
| Martin ratioReturn relative to average drawdown | 6.77 | 16.70 | -9.94 |
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Drawdowns
MEUD.L vs. FWIA.DE - Drawdown Comparison
The maximum MEUD.L drawdown since its inception was -28.57%, which is greater than FWIA.DE's maximum drawdown of -19.06%. Use the drawdown chart below to compare losses from any high point for MEUD.L and FWIA.DE.
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Drawdown Indicators
| MEUD.L | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.57% | -19.06% | -9.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | -7.08% | -3.45% |
Max Drawdown (3Y)Largest decline over 3 years | -12.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.57% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -0.46% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -2.00% | -4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 1.79% | +1.13% |
Volatility
MEUD.L vs. FWIA.DE - Volatility Comparison
Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) has a higher volatility of 3.54% compared to Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) at 3.09%. This indicates that MEUD.L's price experiences larger fluctuations and is considered to be riskier than FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 3.09% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.39% | 7.90% | +2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.31% | 10.70% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 12.44% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 12.44% | +4.49% |
MEUD.L vs. FWIA.DE - Expense Ratio Comparison
Both MEUD.L and FWIA.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. FWIA.DE - Dividend Comparison
Neither MEUD.L nor FWIA.DE has paid dividends to shareholders.
Frequently Asked Questions
MEUD.L and FWIA.DE have a correlation of 0.68, 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 FWIA.DE have the same expense ratio: 0.15% per year.
MEUD.L is categorized as Europe Equities, while FWIA.DE is Global Equities. MEUD.L tracks MSCI Europe NR EUR, while FWIA.DE tracks FTSE All-World. They also come from different issuers: Amundi and Invesco.
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