MEUD.L vs. UHYG.L

Last updated Jun 25, 2026

MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) and UHYG.L (Lyxor ESG USD High Yield (DR) UCITS ETF - Dist) are both exchange-traded funds - MEUD.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while UHYG.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, MEUD.L returned 9.93%/yr vs 4.65%/yr for UHYG.L. At a 0.34 correlation, their price movements are largely independent. MEUD.L charges 0.15%/yr vs 0.25%/yr for UHYG.L.

Performance

MEUD.L vs. UHYG.L - 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 Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MEUD.L is traded in GBp, while UHYG.L is traded in GBP. To make them comparable, the UHYG.L 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 8.20% return, which is significantly higher than UHYG.L's 3.94% return.

MEUD.L

• 1D: -0.06%
• 1M: 1.72%
• YTD: 8.20%
• 6M: 8.64%
• 1Y: 21.89%
• 3Y*: 15.50%
• 5Y*: 9.93%
• 10Y*: 10.58%

UHYG.L

• 1D: 0.38%
• 1M: 2.89%
• YTD: 3.94%
• 6M: 4.50%
• 1Y: 9.88%
• 3Y*: 7.56%
• 5Y*: 4.65%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MEUD.L vs. UHYG.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	8.20%	26.51%	3.65%	13.48%	-5.04%	17.06%	3.85%	20.40%	-9.59%	15.43%
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist	3.94%	1.29%	9.76%	5.64%	-1.69%	4.49%	2.15%	9.59%	3.46%	-2.78%

Correlation

The correlation between MEUD.L and UHYG.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jul 5, 2016	0.34

Over the past year, the correlation between MEUD.L and UHYG.L has dropped to 0.09 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

Return for Risk

MEUD.L vs. UHYG.L — 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: 55
MEUD.L Sharpe Ratio Rank: 60
MEUD.L Sortino Ratio Rank: 60
MEUD.L Omega Ratio Rank: 63
MEUD.L Calmar Ratio Rank: 46
MEUD.L Martin Ratio Rank: 49

UHYG.L

UHYG.L Risk / Return Rank: 60
UHYG.L Sharpe Ratio Rank: 58
UHYG.L Sortino Ratio Rank: 64
UHYG.L Omega Ratio Rank: 58
UHYG.L Calmar Ratio Rank: 64
UHYG.L Martin Ratio Rank: 55

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. UHYG.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 Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.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	UHYG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.71	+0.08
Sortino ratio: Return per unit of downside risk	2.52	2.57	-0.05
Omega ratio: Gain probability vs. loss probability	1.34	1.31	+0.03
Calmar ratio: Return relative to maximum drawdown	2.07	2.75	-0.68
Martin ratio: Return relative to average drawdown	7.52	8.28	-0.76

MEUD.L vs. UHYG.L - Sharpe Ratio Comparison

The current MEUD.L Sharpe Ratio is 1.79, which is comparable to the UHYG.L Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of MEUD.L and UHYG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MEUD.L vs. UHYG.L - Drawdown Comparison

The maximum MEUD.L drawdown since its inception was -28.57%, which is greater than UHYG.L's maximum drawdown of -25.48%. Use the drawdown chart below to compare losses from any high point for MEUD.L and UHYG.L.

Drawdown Indicators

	MEUD.L	UHYG.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.57%	-25.48%	-3.09%
Max Drawdown (1Y) Largest decline over 1 year	-10.53%	-3.57%	-6.96%
Max Drawdown (3Y) Largest decline over 3 years	-12.61%	-9.52%	-3.09%
Max Drawdown (5Y) Largest decline over 5 years	-17.09%	-10.49%	-6.60%
Max Drawdown (10Y) Largest decline over 10 years	-28.57%	—	—
Current Drawdown Current decline from peak	-0.99%	0.00%	-0.99%
Average Drawdown Average peak-to-trough decline	-6.88%	-8.65%	+1.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	1.19%	+1.72%

Volatility

MEUD.L vs. UHYG.L - Volatility Comparison

Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) has a higher volatility of 3.02% compared to Lyxor ESG USD High Yield (DR) UCITS ETF - Dist (UHYG.L) at 1.52%. This indicates that MEUD.L's price experiences larger fluctuations and is considered to be riskier than UHYG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEUD.L	UHYG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	1.52%	+1.50%
Volatility (6M) Calculated over the trailing 6-month period	10.37%	4.18%	+6.19%
Volatility (1Y) Calculated over the trailing 1-year period	12.21%	5.80%	+6.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	8.05%	+7.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	10.65%	+6.26%

MEUD.L vs. UHYG.L - Expense Ratio Comparison

MEUD.L has a 0.15% expense ratio, which is lower than UHYG.L's 0.25% expense ratio. Despite the difference, 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. UHYG.L - Dividend Comparison

MEUD.L has not paid dividends to shareholders, while UHYG.L's dividend yield for the trailing twelve months is around 5.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
UHYG.L Lyxor ESG USD High Yield (DR) UCITS ETF - Dist	5.62%	5.84%	3.44%	6.01%	5.93%	6.98%	6.97%	6.59%	5.42%	4.11%

Frequently Asked Questions

Can I hold both MEUD.L and UHYG.L in my portfolio?

MEUD.L and UHYG.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MEUD.L or UHYG.L?

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.

Which ETF is cheaper, MEUD.L or UHYG.L?

MEUD.L is cheaper with a 0.15% expense ratio, compared with 0.25% for UHYG.L.

What is the main difference between MEUD.L and UHYG.L?

MEUD.L is categorized as Europe Equities, while UHYG.L is High Yield Bonds. MEUD.L tracks MSCI Europe NR EUR, while UHYG.L tracks Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.15% for MEUD.L and 0.25% for UHYG.L.