MEUD.L vs. SPICHA.SW
MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) and SPICHA.SW (UBS ETF (CH) – SPI® (CHF) A-dis) are both Europe Equities funds - MEUD.L tracks the MSCI Europe NR EUR while SPICHA.SW tracks the SPI® Index. Both are passively managed. Over the past 10 years, MEUD.L returned 10.52%/yr vs 10.76%/yr for SPICHA.SW. A 0.71 correlation means they provide meaningful diversification when combined. MEUD.L charges 0.15%/yr vs 0.10%/yr for SPICHA.SW.
Performance
MEUD.L vs. SPICHA.SW - Performance Comparison
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Different Trading Currencies
MEUD.L is traded in GBp, while SPICHA.SW is traded in CHF. To make them comparable, the SPICHA.SW 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 6.17% return, which is significantly higher than SPICHA.SW's 3.91% return. Both investments have delivered pretty close results over the past 10 years, with MEUD.L having a 10.52% annualized return and SPICHA.SW not far ahead at 10.76%.
MEUD.L
- 1D
- 0.06%
- 1M
- 2.27%
- YTD
- 6.17%
- 6M
- 8.63%
- 1Y
- 18.55%
- 3Y*
- 14.23%
- 5Y*
- 9.58%
- 10Y*
- 10.52%
SPICHA.SW
- 1D
- 1.15%
- 1M
- 1.50%
- YTD
- 3.91%
- 6M
- 6.95%
- 1Y
- 15.82%
- 3Y*
- 9.89%
- 5Y*
- 8.58%
- 10Y*
- 10.76%
MEUD.L vs. SPICHA.SW - 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 | 6.17% | 26.51% | 3.65% | 13.48% | -5.04% | 17.06% | 3.85% | 20.40% | -9.59% | 15.43% |
SPICHA.SW UBS ETF (CH) – SPI® (CHF) A-dis | 3.91% | 25.17% | 0.15% | 10.41% | -8.11% | 20.03% | 9.91% | 27.85% | -3.50% | 14.07% |
Correlation
The correlation between MEUD.L and SPICHA.SW is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2013 | 0.71 |
The correlation between MEUD.L and SPICHA.SW has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
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Return for Risk
MEUD.L vs. SPICHA.SW — Risk / Return Rank
MEUD.L
SPICHA.SW
MEUD.L vs. SPICHA.SW - 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 UBS ETF (CH) – SPI® (CHF) A-dis (SPICHA.SW). 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.
| MEUD.L | SPICHA.SW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.37 | +0.39 |
| Martin ratioReturn relative to average drawdown | 6.35 | 4.53 | +1.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MEUD.L | SPICHA.SW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.33 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.62 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.74 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.63 | -0.18 |
Drawdowns
MEUD.L vs. SPICHA.SW - Drawdown Comparison
The maximum MEUD.L drawdown since its inception was -28.57%, which is greater than SPICHA.SW's maximum drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for MEUD.L and SPICHA.SW.
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Drawdown Indicators
| MEUD.L | SPICHA.SW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.57% | -21.59% | -6.98% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | -12.11% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -12.61% | -13.02% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -16.29% | -0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -28.57% | -21.59% | -6.98% |
Current DrawdownCurrent decline from peak | -1.71% | -4.30% | +2.59% |
Average DrawdownAverage peak-to-trough decline | -6.90% | -4.50% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 3.62% | -0.71% |
Volatility
MEUD.L vs. SPICHA.SW - Volatility Comparison
The current volatility for Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) is 3.16%, while UBS ETF (CH) – SPI® (CHF) A-dis (SPICHA.SW) has a volatility of 3.76%. This indicates that MEUD.L experiences smaller price fluctuations and is considered to be less risky than SPICHA.SW 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 | SPICHA.SW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 3.76% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 10.13% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 12.45% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 13.96% | +2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 14.58% | +2.36% |
MEUD.L vs. SPICHA.SW - Expense Ratio Comparison
MEUD.L has a 0.15% expense ratio, which is higher than SPICHA.SW's 0.10% 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. SPICHA.SW - Dividend Comparison
MEUD.L has not paid dividends to shareholders, while SPICHA.SW's dividend yield for the trailing twelve months is around 2.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPICHA.SW UBS ETF (CH) – SPI® (CHF) A-dis | 2.20% | 2.64% | 2.96% | 2.94% | 2.83% | 2.26% | 2.55% | 2.60% | 3.21% | 2.62% | 3.04% | 2.87% |
Frequently Asked Questions
MEUD.L and SPICHA.SW have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPICHA.SW is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPICHA.SW is cheaper with a 0.10% expense ratio, compared with 0.15% for MEUD.L.
MEUD.L tracks MSCI Europe NR EUR, while SPICHA.SW tracks SPI® Index. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.15% for MEUD.L and 0.10% for SPICHA.SW.
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