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

MEUD.L vs. GRID

Last updated Jun 13, 2026

MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - MEUD.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 10 years, MEUD.L returned 11.01%/yr vs 20.37%/yr for GRID. A 0.54 correlation means they provide meaningful diversification when combined. MEUD.L charges 0.15%/yr vs 0.70%/yr for GRID.

Performance

MEUD.L vs. GRID - 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 First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

MEUD.L is traded in GBp, while GRID is traded in USD. To make them comparable, the GRID 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 GRID's 24.22% return. Over the past 10 years, MEUD.L has underperformed GRID with an annualized return of 11.01%, while GRID has yielded a comparatively higher 20.37% 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%

GRID

1D
-0.10%
1M
-3.34%
YTD
24.22%
6M
23.71%
1Y
43.97%
3Y*
20.73%
5Y*
18.04%
10Y*
20.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MEUD.L vs. GRID - 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%
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		24.22%20.42%17.20%15.50%-3.65%28.86%44.47%37.37%-18.11%16.42%

Correlation

The correlation between MEUD.L and GRID is 0.53, 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

0.53

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

0.51

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

0.54

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

0.55

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

0.54

The correlation between MEUD.L and GRID has been stable across timeframes, ranging from 0.51 to 0.55 - a consistent structural relationship.

MEUD.L vs. GRID - Sectors Allocation Comparison

Sectors
MEUD.L
GRID

Financial Services

23.9%

-

Industrials

20.3%
65.2%

Healthcare

12.6%

-

Technology

9.4%
11.0%

Consumer Defensive

7.7%

-

Consumer Cyclical

7.1%
3.5%

Energy

5.3%

-

Basic Materials

5.1%
0.0%

Utilities

4.4%
20.4%

Communication Services

3.0%

-

Real Estate

1.2%

-

Financial Services

MEUD.L
23.9%
GRID

-

Industrials

MEUD.L
20.3%
GRID
65.2%

Healthcare

MEUD.L
12.6%
GRID

-

Technology

MEUD.L
9.4%
GRID
11.0%

Consumer Defensive

MEUD.L
7.7%
GRID

-

Consumer Cyclical

MEUD.L
7.1%
GRID
3.5%

Energy

MEUD.L
5.3%
GRID

-

Basic Materials

MEUD.L
5.1%
GRID
0.0%

Utilities

MEUD.L
4.4%
GRID
20.4%

Communication Services

MEUD.L
3.0%
GRID

-

Real Estate

MEUD.L
1.2%
GRID

-

Compare stocks, funds, or ETFs

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

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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

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 GRID:
GRID vs. ICLNGRID vs. NLRGRID vs. VOOGRID vs. POWRGRID vs. FIWGRID vs. VOLTGRID vs. QCLN

Return for Risk

MEUD.L vs. GRID — 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
GRID
GRID Risk / Return Rank: 7373
Overall Rank
GRID Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
GRID Sortino Ratio Rank: 6969
Sortino Ratio Rank
GRID Omega Ratio Rank: 6969
Omega Ratio Rank
GRID Calmar Ratio Rank: 7979
Calmar Ratio Rank
GRID Martin Ratio Rank: 7878
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. GRID - 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 First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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.LGRIDDifference
Sharpe ratioReturn per unit of total volatility
1.60
2.36

-0.76

Sortino ratioReturn per unit of downside risk
2.27
3.03

-0.76

Omega ratioGain probability vs. loss probability

1.30

1.41

-0.11

Calmar ratioReturn relative to maximum drawdown

1.87

4.58

-2.71

Martin ratioReturn relative to average drawdown

6.77

14.39

-7.62

MEUD.L vs. GRID - Sharpe Ratio Comparison

The current MEUD.L Sharpe Ratio is 1.60, which is lower than the GRID Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of MEUD.L and GRID, 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. GRID - Drawdown Comparison

The maximum MEUD.L drawdown since its inception was -28.57%, smaller than the maximum GRID drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for MEUD.L and GRID.

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Drawdown Indicators

MEUD.LGRIDDifference

Max Drawdown

Largest peak-to-trough decline

-28.57%

-34.09%

+5.52%

Max Drawdown (1Y)

Largest decline over 1 year

-10.53%

-9.65%

-0.88%

Max Drawdown (3Y)

Largest decline over 3 years

-12.61%

-22.93%

+10.32%

Max Drawdown (5Y)

Largest decline over 5 years

-17.09%

-22.93%

+5.84%

Max Drawdown (10Y)

Largest decline over 10 years

-28.57%

-34.09%

+5.52%

Current Drawdown

Current decline from peak

-0.20%

-4.24%

+4.04%

Average Drawdown

Average peak-to-trough decline

-6.89%

-6.97%

+0.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.92%

3.06%

-0.14%

Volatility

MEUD.L vs. GRID - Volatility Comparison

The current volatility for Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) is 3.54%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 9.01%. This indicates that MEUD.L experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MEUD.LGRIDDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.54%

9.01%

-5.47%

Volatility (6M)

Calculated over the trailing 6-month period

10.39%

15.81%

-5.42%

Volatility (1Y)

Calculated over the trailing 1-year period

12.31%

18.75%

-6.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.02%

18.94%

-2.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.93%

21.56%

-4.63%

MEUD.L vs. GRID - Expense Ratio Comparison

MEUD.L has a 0.15% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

MEUD.L vs. GRID - Dividend Comparison

MEUD.L has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.80%.

PositionTTM20252024202320222021202020192018201720162015
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		0.80%1.01%1.06%1.23%1.26%0.63%0.68%1.26%1.28%1.07%1.07%1.23%
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 GRID have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MEUD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MEUD.L is cheaper with a 0.15% expense ratio, compared with 0.70% for GRID.

MEUD.L is categorized as Europe Equities, while GRID is Alternative Energy Equities. MEUD.L tracks MSCI Europe NR EUR, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: Amundi and First Trust. Their fees differ too: 0.15% for MEUD.L and 0.70% for GRID.

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