MEUG.L vs. MEUD.L
MEUG.L (Lyxor UCITS MSCI Europe D-EUR) and MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) are both Europe Equities funds from Amundi tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, MEUG.L returned 10.37%/yr vs 10.28%/yr for MEUD.L. A 0.62 correlation means they provide meaningful diversification when combined. MEUG.L charges 0.25%/yr vs 0.15%/yr for MEUD.L.
Performance
MEUG.L vs. MEUD.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MEUG.L having a 6.45% return and MEUD.L slightly higher at 6.58%. Both investments have delivered pretty close results over the past 10 years, with MEUG.L having a 10.37% annualized return and MEUD.L not far behind at 10.28%.
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%
MEUD.L
- 1D
- 0.58%
- 1M
- 3.26%
- YTD
- 6.58%
- 6M
- 8.93%
- 1Y
- 19.54%
- 3Y*
- 14.05%
- 5Y*
- 9.89%
- 10Y*
- 10.28%
MEUG.L vs. MEUD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEUG.L Lyxor UCITS MSCI Europe D-EUR | 6.45% | 26.01% | 3.67% | 12.42% | -3.12% | 15.71% | 2.31% | 20.16% | -9.59% | 15.90% |
MEUD.L Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc | 6.58% | 26.51% | 3.65% | 13.48% | -5.04% | 17.06% | 3.85% | 20.40% | -9.59% | 15.43% |
Correlation
The correlation between MEUG.L and MEUD.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2015 | 0.62 |
Over the past year, MEUG.L and MEUD.L have become more correlated (0.98) than their long-term average of 0.62, meaning their price movements have been converging.
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Return for Risk
MEUG.L vs. MEUD.L — Risk / Return Rank
MEUG.L
MEUD.L
MEUG.L vs. MEUD.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 Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.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 | MEUD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.85 | -0.03 |
| Martin ratioReturn relative to average drawdown | 6.45 | 6.70 | -0.25 |
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 | MEUD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.60 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 0.71 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.69 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.60 | +0.21 |
Drawdowns
MEUG.L vs. MEUD.L - Drawdown Comparison
The maximum MEUG.L drawdown since its inception was -28.58%, roughly equal to the maximum MEUD.L drawdown of -28.57%. Use the drawdown chart below to compare losses from any high point for MEUG.L and MEUD.L.
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Drawdown Indicators
| MEUG.L | MEUD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -28.57% | -0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -10.53% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -12.69% | -12.61% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -17.09% | +1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | -28.57% | -0.01% |
Current DrawdownCurrent decline from peak | -1.41% | -1.33% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -4.16% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.91% | +0.05% |
Volatility
MEUG.L vs. MEUD.L - Volatility Comparison
The current volatility for Lyxor UCITS MSCI Europe D-EUR (MEUG.L) is 3.82%, while Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) has a volatility of 4.14%. This indicates that MEUG.L experiences smaller price fluctuations and is considered to be less risky than MEUD.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 | MEUD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 4.14% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | 10.20% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 12.14% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.14% | 13.94% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 14.92% | +4.47% |
MEUG.L vs. MEUD.L - Expense Ratio Comparison
MEUG.L has a 0.25% expense ratio, which is higher than MEUD.L's 0.15% 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
MEUG.L vs. MEUD.L - Dividend Comparison
Neither MEUG.L nor MEUD.L has paid dividends to shareholders.
| 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% |
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
With a correlation of 0.98, MEUG.L and MEUD.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
MEUD.L is cheaper with a 0.15% expense ratio, compared with 0.25% for MEUG.L.
Both ETFs track MSCI Europe NR EUR. Their fees differ too: 0.25% for MEUG.L and 0.15% for MEUD.L.
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