MEUD.L vs. SGLP.L
MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - MEUD.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while SGLP.L is a Gold fund tracking the Gold. Both are passively managed. Over the past 10 years, MEUD.L returned 11.01%/yr vs 13.00%/yr for SGLP.L. At a 0.05 correlation, their price movements are largely independent. MEUD.L charges 0.15%/yr vs 0.12%/yr for SGLP.L.
Performance
MEUD.L vs. SGLP.L - Performance Comparison
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Returns By Period
In the year-to-date period, MEUD.L achieves a 7.81% return, which is significantly higher than SGLP.L's -1.79% return. Over the past 10 years, MEUD.L has underperformed SGLP.L with an annualized return of 11.01%, while SGLP.L has yielded a comparatively higher 13.00% annualized 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%
SGLP.L
- 1D
- 2.85%
- 1M
- -7.81%
- YTD
- -1.79%
- 6M
- -1.95%
- 1Y
- 24.73%
- 3Y*
- 26.66%
- 5Y*
- 18.64%
- 10Y*
- 13.00%
MEUD.L vs. SGLP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SGLP.L Invesco Physical Gold A | -1.79% | 53.60% | 28.14% | 7.26% | 11.83% | -2.88% | 19.99% | 14.65% | 4.31% | 1.64% |
Correlation
The correlation between MEUD.L and SGLP.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2013 | 0.05 |
The correlation between MEUD.L and SGLP.L shifts across timeframes, from 0.05 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MEUD.L vs. SGLP.L — Risk / Return Rank
MEUD.L
SGLP.L
MEUD.L vs. SGLP.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 Invesco Physical Gold A (SGLP.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.L | SGLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.22 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 1.13 | +0.74 |
| Martin ratioReturn relative to average drawdown | 6.77 | 3.52 | +3.25 |
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Drawdowns
MEUD.L vs. SGLP.L - Drawdown Comparison
The maximum MEUD.L drawdown since its inception was -28.57%, smaller than the maximum SGLP.L drawdown of -63.75%. Use the drawdown chart below to compare losses from any high point for MEUD.L and SGLP.L.
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Drawdown Indicators
| MEUD.L | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.57% | -63.75% | +35.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | -22.82% | +12.29% |
Max Drawdown (3Y)Largest decline over 3 years | -12.61% | -22.82% | +10.21% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -22.82% | +5.73% |
Max Drawdown (10Y)Largest decline over 10 years | -28.57% | -22.82% | -5.75% |
Current DrawdownCurrent decline from peak | -0.20% | -20.62% | +20.42% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -31.72% | +24.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 7.35% | -4.43% |
Volatility
MEUD.L vs. SGLP.L - Volatility Comparison
The current volatility for Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) is 3.54%, while Invesco Physical Gold A (SGLP.L) has a volatility of 6.68%. This indicates that MEUD.L experiences smaller price fluctuations and is considered to be less risky than SGLP.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.L | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 6.68% | -3.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.39% | 20.61% | -10.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.31% | 23.66% | -11.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 21.71% | -5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 18.76% | -1.83% |
MEUD.L vs. SGLP.L - Expense Ratio Comparison
MEUD.L has a 0.15% expense ratio, which is higher than SGLP.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MEUD.L vs. SGLP.L - Dividend Comparison
Neither MEUD.L nor SGLP.L has paid dividends to shareholders.
Frequently Asked Questions
MEUD.L and SGLP.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGLP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLP.L is cheaper with a 0.12% expense ratio, compared with 0.15% for MEUD.L.
MEUD.L is categorized as Europe Equities, while SGLP.L is Gold. MEUD.L tracks MSCI Europe NR EUR, while SGLP.L tracks Gold. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.15% for MEUD.L and 0.12% for SGLP.L.
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