MEUG.L vs. PRIE.L

Last updated Jun 5, 2026

MEUG.L (Lyxor UCITS MSCI Europe D-EUR) and PRIE.L (Amundi Prime Europe UCITS ETF DR (D)) are both Europe Equities funds from Amundi tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, MEUG.L returned 9.94%/yr vs 7.25%/yr for PRIE.L. A 0.64 correlation means they provide meaningful diversification when combined. MEUG.L charges 0.25%/yr vs 0.05%/yr for PRIE.L.

Performance

MEUG.L vs. PRIE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor UCITS MSCI Europe D-EUR (MEUG.L) and Amundi Prime Europe UCITS ETF DR (D) (PRIE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEUG.L achieves a 6.45% return, which is significantly lower than PRIE.L's 6.91% 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%

PRIE.L

• 1D: 0.53%
• 1M: 3.65%
• YTD: 6.91%
• 6M: 6.51%
• 1Y: 16.99%
• 3Y*: 10.92%
• 5Y*: 7.25%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MEUG.L vs. PRIE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MEUG.L Lyxor UCITS MSCI Europe D-EUR	6.45%	26.01%	3.67%	12.42%	-3.12%	15.71%	2.31%	12.70%
PRIE.L Amundi Prime Europe UCITS ETF DR (D)	6.91%	22.93%	1.02%	10.15%	-6.60%	14.84%	-0.22%	9.43%

Correlation

The correlation between MEUG.L and PRIE.L is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Mar 15, 2019	0.64

Over the past year, MEUG.L and PRIE.L have become more correlated (0.97) than their long-term average of 0.64, meaning their price movements have been converging.

Return for Risk

MEUG.L vs. PRIE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MEUG.L

MEUG.L Risk / Return Rank: 44
MEUG.L Sharpe Ratio Rank: 47
MEUG.L Sortino Ratio Rank: 46
MEUG.L Omega Ratio Rank: 50
MEUG.L Calmar Ratio Rank: 37
MEUG.L Martin Ratio Rank: 41

PRIE.L

PRIE.L Risk / Return Rank: 37
PRIE.L Sharpe Ratio Rank: 39
PRIE.L Sortino Ratio Rank: 37
PRIE.L Omega Ratio Rank: 41
PRIE.L Calmar Ratio Rank: 33
PRIE.L Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MEUG.L vs. PRIE.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 Amundi Prime Europe UCITS ETF DR (D) (PRIE.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	PRIE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.36	+0.25
Sortino ratio: Return per unit of downside risk	2.27	1.90	+0.37
Omega ratio: Gain probability vs. loss probability	1.31	1.26	+0.05
Calmar ratio: Return relative to maximum drawdown	1.82	1.60	+0.22
Martin ratio: Return relative to average drawdown	6.45	5.58	+0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MEUG.L vs. PRIE.L - Sharpe Ratio Comparison

The current MEUG.L Sharpe Ratio is 1.61, which is comparable to the PRIE.L Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of MEUG.L and PRIE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MEUG.L	PRIE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	1.36	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	0.51	+0.54
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. PRIE.L - Drawdown Comparison

The maximum MEUG.L drawdown since its inception was -28.58%, roughly equal to the maximum PRIE.L drawdown of -28.92%. Use the drawdown chart below to compare losses from any high point for MEUG.L and PRIE.L.

Drawdown Indicators

	MEUG.L	PRIE.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.58%	-28.92%	+0.34%
Max Drawdown (1Y) Largest decline over 1 year	-10.47%	-10.55%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	-12.69%	-13.25%	+0.56%
Max Drawdown (5Y) Largest decline over 5 years	-15.18%	-17.75%	+2.57%
Max Drawdown (10Y) Largest decline over 10 years	-28.58%	—	—
Current Drawdown Current decline from peak	-1.41%	-1.14%	-0.27%
Average Drawdown Average peak-to-trough decline	-4.37%	-4.71%	+0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	3.04%	-0.08%

Volatility

MEUG.L vs. PRIE.L - Volatility Comparison

The current volatility for Lyxor UCITS MSCI Europe D-EUR (MEUG.L) is 3.82%, while Amundi Prime Europe UCITS ETF DR (D) (PRIE.L) has a volatility of 4.12%. This indicates that MEUG.L experiences smaller price fluctuations and is considered to be less risky than PRIE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEUG.L	PRIE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	4.12%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	9.93%	10.54%	-0.61%
Volatility (1Y) Calculated over the trailing 1-year period	11.84%	12.44%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.14%	14.21%	+4.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	15.99%	+3.40%

MEUG.L vs. PRIE.L - Expense Ratio Comparison

MEUG.L has a 0.25% expense ratio, which is higher than PRIE.L's 0.05% 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. PRIE.L - Dividend Comparison

MEUG.L has not paid dividends to shareholders, while PRIE.L's dividend yield for the trailing twelve months is around 0.02%.

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%
PRIE.L Amundi Prime Europe UCITS ETF DR (D)	0.02%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%	0.03%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MEUG.L and PRIE.L in my portfolio?

With a correlation of 0.97, MEUG.L and PRIE.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.

Which ETF is better, MEUG.L or PRIE.L?

On fees, PRIE.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MEUG.L or PRIE.L?

PRIE.L is cheaper with a 0.05% expense ratio, compared with 0.25% for MEUG.L.

What is the main difference between MEUG.L and PRIE.L?

Both ETFs track MSCI Europe NR EUR. Their fees differ too: 0.25% for MEUG.L and 0.05% for PRIE.L.