MEUG.L vs. SPOL.L
MEUG.L (Lyxor UCITS MSCI Europe D-EUR) and SPOL.L (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - MEUG.L tracks the MSCI Europe NR EUR while SPOL.L tracks the MSCI Poland NR EUR. Both are passively managed. Over the past 10 years, MEUG.L returned 10.37%/yr vs 10.28%/yr for SPOL.L. At a 0.38 correlation, their price movements are largely independent. MEUG.L charges 0.25%/yr vs 0.74%/yr for SPOL.L.
Performance
MEUG.L vs. SPOL.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MEUG.L achieves a 6.45% return, which is significantly lower than SPOL.L's 15.71% return. Both investments have delivered pretty close results over the past 10 years, with MEUG.L having a 10.37% annualized return and SPOL.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%
SPOL.L
- 1D
- 0.64%
- 1M
- 6.57%
- YTD
- 15.71%
- 6M
- 25.23%
- 1Y
- 43.43%
- 3Y*
- 30.33%
- 5Y*
- 15.01%
- 10Y*
- 10.28%
MEUG.L vs. SPOL.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% |
SPOL.L iShares MSCI Poland UCITS ETF USD (Acc) | 15.71% | 61.27% | -4.98% | 41.52% | -17.96% | 8.30% | -14.19% | -9.68% | -7.69% | 40.45% |
Correlation
The correlation between MEUG.L and SPOL.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2015 | 0.38 |
The correlation between MEUG.L and SPOL.L shifts across timeframes, from 0.35 (5 years) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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. SPOL.L — Risk / Return Rank
MEUG.L
SPOL.L
MEUG.L vs. SPOL.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 MSCI Poland UCITS ETF USD (Acc) (SPOL.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 | SPOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 4.54 | -2.72 |
| Martin ratioReturn relative to average drawdown | 6.45 | 10.87 | -4.42 |
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 | SPOL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.87 | -0.26 |
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 | 0.40 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.16 | +0.65 |
Drawdowns
MEUG.L vs. SPOL.L - Drawdown Comparison
The maximum MEUG.L drawdown since its inception was -28.58%, smaller than the maximum SPOL.L drawdown of -56.64%. Use the drawdown chart below to compare losses from any high point for MEUG.L and SPOL.L.
Loading charts...
Drawdown Indicators
| MEUG.L | SPOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -56.64% | +28.06% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -9.51% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -12.69% | -19.47% | +6.78% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -46.27% | +31.09% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | -56.64% | +28.06% |
Current DrawdownCurrent decline from peak | -1.41% | -0.53% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -21.79% | +17.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.98% | -1.02% |
Volatility
MEUG.L vs. SPOL.L - Volatility Comparison
The current volatility for Lyxor UCITS MSCI Europe D-EUR (MEUG.L) is 3.82%, while iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.L) has a volatility of 7.21%. This indicates that MEUG.L experiences smaller price fluctuations and is considered to be less risky than SPOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MEUG.L | SPOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 7.21% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | 17.30% | -7.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 23.13% | -11.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.14% | 27.10% | -7.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 25.42% | -6.03% |
MEUG.L vs. SPOL.L - Expense Ratio Comparison
MEUG.L has a 0.25% expense ratio, which is lower than SPOL.L's 0.74% expense ratio.
Dividends
MEUG.L vs. SPOL.L - Dividend Comparison
Neither MEUG.L nor SPOL.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% |
SPOL.L iShares MSCI Poland UCITS ETF USD (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% |
Frequently Asked Questions
MEUG.L and SPOL.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MEUG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MEUG.L is cheaper with a 0.25% expense ratio, compared with 0.74% for SPOL.L.
MEUG.L tracks MSCI Europe NR EUR, while SPOL.L tracks MSCI Poland NR EUR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for MEUG.L and 0.74% for SPOL.L.
Find the right allocation for MEUG.L and SPOL.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