MEUD.L vs. USD=X
MEUD.L (Amundi Core STOXX Europe 600 UCITS ETF Acc) is Europe Equities fund tracking the STOXX Europe 600 Index, while USD=X (USD Cash) is a currency. Over the past 10 years, MEUD.L returned 9.81%/yr vs -0.21%/yr for USD=X. At a 0.08 correlation, their price movements are largely independent.
Performance
MEUD.L vs. USD=X - Performance Comparison
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Different Trading Currencies
MEUD.L is traded in GBp, while USD=X is traded in USD. To make them comparable, the USD=X 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 8.45% return, which is significantly higher than USD=X's 0.66% return. Over the past 10 years, MEUD.L has outperformed USD=X with an annualized return of 9.81%, while USD=X has yielded a comparatively lower -0.21% annualized return.
MEUD.L
- 1D
- 0.76%
- 1M
- -0.32%
- 6M
- 6.48%
- YTD
- 8.45%
- 1Y
- 18.90%
- 3Y*
- 14.07%
- 5Y*
- 10.11%
- 10Y*
- 9.81%
- ALL TIME*
- 7.75%
USD=X
- 1D
- 0.00%
- 1M
- -1.32%
- 6M
- 0.43%
- YTD
- 0.66%
- 1Y
- 0.80%
- 3Y*
- -1.34%
- 5Y*
- 0.54%
- 10Y*
- -0.21%
- ALL TIME*
- 2.18%
MEUD.L vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEUD.L Amundi Core STOXX Europe 600 UCITS ETF Acc | 8.45% | 26.51% | 3.65% | 13.48% | -5.04% | 17.06% | 3.85% | 20.40% | -9.59% | 15.43% |
USD=X USD Cash | 0.66% | -7.12% | 1.75% | -5.00% | 11.89% | 0.95% | -2.94% | -3.80% | 5.93% | -8.65% |
Correlation
The correlation between MEUD.L and USD=X 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 | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2013 | 0.08 |
The correlation between MEUD.L and USD=X shifts across timeframes, from -0.11 (5 years) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MEUD.L vs. USD=X — Risk / Return Rank
MEUD.L
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MEUD.L vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Core STOXX Europe 600 UCITS ETF Acc (MEUD.L) and USD Cash (USD=X). 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 | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.03 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 0.18 | +1.61 |
| Martin ratioReturn relative to average drawdown | 6.41 | 0.39 | +6.02 |
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Drawdowns
MEUD.L vs. USD=X - Drawdown Comparison
The maximum MEUD.L drawdown since its inception was -28.57%, which is greater than USD=X's maximum drawdown of -22.85%. Use the drawdown chart below to compare losses from any high point for MEUD.L and USD=X.
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Drawdown Indicators
| MEUD.L | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.57% | -22.85% | -5.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | -5.98% | -4.55% |
Max Drawdown (3Y)Largest decline over 3 years | -12.61% | -12.79% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -17.09% | -22.85% | +5.76% |
Max Drawdown (10Y)Largest decline over 10 years | -28.57% | -22.85% | -5.72% |
Current DrawdownCurrent decline from peak | -1.88% | -20.18% | +18.30% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -11.19% | +4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 2.83% | +0.11% |
Volatility
MEUD.L vs. USD=X - Volatility Comparison
Amundi Core STOXX Europe 600 UCITS ETF Acc (MEUD.L) has a higher volatility of 3.21% compared to USD Cash (USD=X) at 1.69%. This indicates that MEUD.L's price experiences larger fluctuations and is considered to be riskier than USD=X 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 | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 1.69% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 5.40% | +5.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.34% | 5.75% | +6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 7.11% | +8.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 7.32% | +9.52% |
Frequently Asked Questions
MEUD.L and USD=X 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.
Find the right allocation for MEUD.L and USD=X
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