MEUG.L vs. MVED.L
MEUG.L (Lyxor UCITS MSCI Europe D-EUR) and MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) are both Europe Equities funds tracking the MSCI Europe NR EUR, from Amundi and BlackRock respectively. Both are passively managed. Over the past 5 years, MEUG.L returned 9.94%/yr vs 6.21%/yr for MVED.L. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
MEUG.L vs. MVED.L - Performance Comparison
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Different Trading Currencies
MEUG.L is traded in GBp, while MVED.L is traded in EUR. To make them comparable, the MVED.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 higher than MVED.L's 3.88% 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%
MVED.L
- 1D
- 0.45%
- 1M
- 0.80%
- YTD
- 3.88%
- 6M
- 4.77%
- 1Y
- 5.26%
- 3Y*
- 8.28%
- 5Y*
- 6.21%
- 10Y*
- —
MEUG.L vs. MVED.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% | -7.08% |
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 3.88% | 14.60% | 3.94% | 8.51% | -8.08% | 14.30% | 1.58% | 15.71% | 0.07% |
Correlation
The correlation between MEUG.L and MVED.L is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2018 | 0.59 |
The correlation between MEUG.L and MVED.L shifts across timeframes, from 0.43 (5 years) to 0.69 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MEUG.L vs. MVED.L — Risk / Return Rank
MEUG.L
MVED.L
MEUG.L vs. MVED.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 Minimum Volatility UCITS ETF EUR (Dist) (MVED.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 | MVED.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.11 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.63 | +1.19 |
| Martin ratioReturn relative to average drawdown | 6.45 | 1.79 | +4.66 |
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 | MVED.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 0.57 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 0.55 | +0.50 |
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 | 0.49 | +0.32 |
Drawdowns
MEUG.L vs. MVED.L - Drawdown Comparison
The maximum MEUG.L drawdown since its inception was -28.58%, which is greater than MVED.L's maximum drawdown of -24.31%. Use the drawdown chart below to compare losses from any high point for MEUG.L and MVED.L.
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Drawdown Indicators
| MEUG.L | MVED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -24.31% | -4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -8.28% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -12.69% | -8.28% | -4.41% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -17.36% | +2.18% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | — | — |
Current DrawdownCurrent decline from peak | -1.41% | -5.32% | +3.91% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -4.10% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.94% | +0.02% |
Volatility
MEUG.L vs. MVED.L - Volatility Comparison
Lyxor UCITS MSCI Europe D-EUR (MEUG.L) has a higher volatility of 3.82% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) at 2.98%. This indicates that MEUG.L's price experiences larger fluctuations and is considered to be riskier than MVED.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 | MVED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 2.98% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | 7.68% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 9.18% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.14% | 11.29% | +7.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 12.95% | +6.44% |
MEUG.L vs. MVED.L - Expense Ratio Comparison
Both MEUG.L and MVED.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. MVED.L - Dividend Comparison
Neither MEUG.L nor MVED.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 0.00% | 0.00% | 0.00% | 2.67% | 2.95% | 2.16% | 2.54% | 2.81% | 2.50% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MEUG.L and MVED.L have a correlation of 0.69, 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 MVED.L have the same expense ratio: 0.25% per year.
Both ETFs track MSCI Europe NR EUR. They also come from different issuers: Amundi and BlackRock.
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