MEUG.L vs. IEDL.L
MEUG.L (Lyxor UCITS MSCI Europe D-EUR) and IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) are both Europe Equities funds - MEUG.L tracks the MSCI Europe NR EUR while IEDL.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 5 years, MEUG.L returned 9.94%/yr vs 14.62%/yr for IEDL.L. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
MEUG.L vs. IEDL.L - Performance Comparison
Loading charts...
Different Trading Currencies
MEUG.L is traded in GBp, while IEDL.L is traded in EUR. To make them comparable, the IEDL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, MEUG.L achieves a 6.45% return, which is significantly lower than IEDL.L's 13.19% return.
MEUG.L
- 1D
- 0.49%
- 1M
- 3.47%
- YTD
- 6.45%
- 6M
- 8.77%
- 1Y
- 19.14%
- 3Y*
- 13.58%
- 5Y*
- 9.94%
- 10Y*
- 10.37%
IEDL.L
- 1D
- 0.03%
- 1M
- 4.86%
- YTD
- 13.19%
- 6M
- 15.86%
- 1Y
- 36.33%
- 3Y*
- 21.75%
- 5Y*
- 14.62%
- 10Y*
- —
MEUG.L vs. IEDL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MEUG.L Lyxor UCITS MSCI Europe D-EUR | 6.45% | 26.01% | 3.67% | 12.42% | -3.12% | 15.71% | 2.31% | 20.16% | -7.34% |
IEDL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) | 13.19% | 42.22% | 5.44% | 11.24% | 1.22% | 19.20% | -3.60% | 14.87% | -10.37% |
Correlation
The correlation between MEUG.L and IEDL.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2018 | 0.65 |
Over the past year, MEUG.L and IEDL.L have become more correlated (0.90) than their long-term average of 0.65, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MEUG.L vs. IEDL.L — Risk / Return Rank
MEUG.L
IEDL.L
MEUG.L vs. IEDL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor UCITS MSCI Europe D-EUR (MEUG.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.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.
| MEUG.L | IEDL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.48 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.43 | -1.61 |
| Martin ratioReturn relative to average drawdown | 6.45 | 12.68 | -6.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MEUG.L | IEDL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 2.68 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 0.95 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.59 | +0.22 |
Drawdowns
MEUG.L vs. IEDL.L - Drawdown Comparison
The maximum MEUG.L drawdown since its inception was -28.58%, smaller than the maximum IEDL.L drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for MEUG.L and IEDL.L.
Loading charts...
Drawdown Indicators
| MEUG.L | IEDL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -34.37% | +5.79% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -10.54% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -12.69% | -16.23% | +3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -16.28% | +1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | — | — |
Current DrawdownCurrent decline from peak | -1.41% | -0.80% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -5.72% | +1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.86% | +0.10% |
Volatility
MEUG.L vs. IEDL.L - Volatility Comparison
The current volatility for Lyxor UCITS MSCI Europe D-EUR (MEUG.L) is 3.82%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) has a volatility of 4.75%. This indicates that MEUG.L experiences smaller price fluctuations and is considered to be less risky than IEDL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MEUG.L | IEDL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 4.75% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | 11.06% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 13.48% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.14% | 15.30% | +3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 17.59% | +1.80% |
MEUG.L vs. IEDL.L - Expense Ratio Comparison
Both MEUG.L and IEDL.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
MEUG.L vs. IEDL.L - Dividend Comparison
MEUG.L has not paid dividends to shareholders, while IEDL.L's dividend yield for the trailing twelve months is around 3.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEDL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) | 3.01% | 3.44% | 4.22% | 4.76% | 4.23% | 3.56% | 2.32% | 3.86% | 3.19% | 0.00% | 0.00% | 0.00% |
MEUG.L Lyxor UCITS MSCI Europe D-EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.70% | 3.42% | 3.73% | 3.07% | 3.39% | 3.60% |
Frequently Asked Questions
MEUG.L and IEDL.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MEUG.L and IEDL.L have the same expense ratio: 0.25% per year.
MEUG.L tracks MSCI Europe NR EUR, while IEDL.L tracks MSCI Europe Value NR EUR. They also come from different issuers: Amundi and iShares.
Find the right allocation for MEUG.L and IEDL.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer