MEUG.L vs. LDEG.L
MEUG.L (Lyxor UCITS MSCI Europe D-EUR) and LDEG.L (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both Europe Equities funds - MEUG.L tracks the MSCI Europe NR EUR while LDEG.L tracks the MSCI Europe Ex UK NR EUR. Both are passively managed. Over the past 5 years, MEUG.L returned 9.94%/yr vs 16.11%/yr for LDEG.L. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
MEUG.L vs. LDEG.L - Performance Comparison
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Returns By Period
In the year-to-date period, MEUG.L achieves a 6.45% return, which is significantly lower than LDEG.L's 10.41% 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%
LDEG.L
- 1D
- 0.89%
- 1M
- 1.38%
- YTD
- 10.41%
- 6M
- 13.94%
- 1Y
- 30.52%
- 3Y*
- 23.92%
- 5Y*
- 16.11%
- 10Y*
- —
MEUG.L vs. LDEG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MEUG.L Lyxor UCITS MSCI Europe D-EUR | 6.45% | 26.01% | 3.67% | 12.42% | -3.12% | 8.63% |
LDEG.L L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 10.41% | 44.92% | 8.83% | 14.32% | 3.42% | 2.83% |
Correlation
The correlation between MEUG.L and LDEG.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 10, 2021 | 0.48 |
Over the past year, MEUG.L and LDEG.L have become more correlated (0.86) than their long-term average of 0.48, meaning their price movements have been converging.
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Return for Risk
MEUG.L vs. LDEG.L — Risk / Return Rank
MEUG.L
LDEG.L
MEUG.L vs. LDEG.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 L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.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 | LDEG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.48 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.78 | -1.96 |
| Martin ratioReturn relative to average drawdown | 6.45 | 13.82 | -7.38 |
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
| MEUG.L | LDEG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 2.63 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 1.24 | -0.19 |
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 | 1.24 | -0.43 |
Drawdowns
MEUG.L vs. LDEG.L - Drawdown Comparison
The maximum MEUG.L drawdown since its inception was -28.58%, which is greater than LDEG.L's maximum drawdown of -15.97%. Use the drawdown chart below to compare losses from any high point for MEUG.L and LDEG.L.
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Drawdown Indicators
| MEUG.L | LDEG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -15.97% | -12.61% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -8.04% | -2.43% |
Max Drawdown (3Y)Largest decline over 3 years | -12.69% | -12.05% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -15.97% | +0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | — | — |
Current DrawdownCurrent decline from peak | -1.41% | -1.33% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -2.95% | -1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.20% | +0.76% |
Volatility
MEUG.L vs. LDEG.L - Volatility Comparison
Lyxor UCITS MSCI Europe D-EUR (MEUG.L) has a higher volatility of 3.82% compared to L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L) at 3.57%. This indicates that MEUG.L's price experiences larger fluctuations and is considered to be riskier than LDEG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEUG.L | LDEG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 3.57% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | 9.21% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 11.55% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.14% | 15.99% | +3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 16.01% | +3.38% |
MEUG.L vs. LDEG.L - Expense Ratio Comparison
Both MEUG.L and LDEG.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. LDEG.L - Dividend Comparison
MEUG.L has not paid dividends to shareholders, while LDEG.L's dividend yield for the trailing twelve months is around 3.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDEG.L L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 3.13% | 3.43% | 4.21% | 4.11% | 3.70% | 3.11% | 0.00% | 0.00% | 0.00% | 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 LDEG.L have a correlation of 0.86, 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 LDEG.L have the same expense ratio: 0.25% per year.
MEUG.L tracks MSCI Europe NR EUR, while LDEG.L tracks MSCI Europe Ex UK NR EUR. They also come from different issuers: Amundi and Legal & General.
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