MEUG.L vs. VEUR.AS
MEUG.L (Lyxor UCITS MSCI Europe D-EUR) and VEUR.AS (Vanguard FTSE Developed Europe UCITS ETF) are both Europe Equities funds tracking the MSCI Europe NR EUR, from Amundi and Vanguard respectively. Both are passively managed. Over the past 10 years, MEUG.L returned 10.37%/yr vs 10.29%/yr for VEUR.AS. A 0.58 correlation means they provide meaningful diversification when combined. MEUG.L charges 0.25%/yr vs 0.10%/yr for VEUR.AS.
Performance
MEUG.L vs. VEUR.AS - Performance Comparison
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Different Trading Currencies
MEUG.L is traded in GBp, while VEUR.AS is traded in EUR. To make them comparable, the VEUR.AS values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with MEUG.L having a 6.45% return and VEUR.AS slightly lower at 6.37%. Both investments have delivered pretty close results over the past 10 years, with MEUG.L having a 10.37% annualized return and VEUR.AS not far behind at 10.29%.
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%
VEUR.AS
- 1D
- 0.69%
- 1M
- 3.43%
- YTD
- 6.37%
- 6M
- 8.81%
- 1Y
- 19.46%
- 3Y*
- 14.22%
- 5Y*
- 10.08%
- 10Y*
- 10.29%
MEUG.L vs. VEUR.AS - 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% |
VEUR.AS Vanguard FTSE Developed Europe UCITS ETF | 6.37% | 26.09% | 5.25% | 13.83% | -5.46% | 18.10% | 2.78% | 18.80% | -9.15% | 15.53% |
Correlation
The correlation between MEUG.L and VEUR.AS is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2015 | 0.58 |
Over the past year, MEUG.L and VEUR.AS have become more correlated (0.92) than their long-term average of 0.58, meaning their price movements have been converging.
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Return for Risk
MEUG.L vs. VEUR.AS — Risk / Return Rank
MEUG.L
VEUR.AS
MEUG.L vs. VEUR.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor UCITS MSCI Europe D-EUR (MEUG.L) and Vanguard FTSE Developed Europe UCITS ETF (VEUR.AS). 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 | VEUR.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.29 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.82 | 0.00 |
| Martin ratioReturn relative to average drawdown | 6.45 | 6.66 | -0.21 |
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 | VEUR.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.55 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 0.70 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.67 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.56 | +0.25 |
Drawdowns
MEUG.L vs. VEUR.AS - Drawdown Comparison
The maximum MEUG.L drawdown since its inception was -28.58%, roughly equal to the maximum VEUR.AS drawdown of -27.81%. Use the drawdown chart below to compare losses from any high point for MEUG.L and VEUR.AS.
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Drawdown Indicators
| MEUG.L | VEUR.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.58% | -27.81% | -0.77% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -10.55% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -12.69% | -13.82% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -16.33% | +1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -28.58% | -27.81% | -0.77% |
Current DrawdownCurrent decline from peak | -1.41% | -1.27% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -4.18% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.90% | +0.06% |
Volatility
MEUG.L vs. VEUR.AS - Volatility Comparison
The current volatility for Lyxor UCITS MSCI Europe D-EUR (MEUG.L) is 3.82%, while Vanguard FTSE Developed Europe UCITS ETF (VEUR.AS) has a volatility of 4.15%. This indicates that MEUG.L experiences smaller price fluctuations and is considered to be less risky than VEUR.AS 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 | VEUR.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 4.15% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | 10.58% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.84% | 12.45% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.14% | 14.09% | +5.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 15.14% | +4.25% |
MEUG.L vs. VEUR.AS - Expense Ratio Comparison
MEUG.L has a 0.25% expense ratio, which is higher than VEUR.AS's 0.10% 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. VEUR.AS - Dividend Comparison
MEUG.L has not paid dividends to shareholders, while VEUR.AS's dividend yield for the trailing twelve months is around 2.60%.
| 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% |
VEUR.AS Vanguard FTSE Developed Europe UCITS ETF | 2.60% | 2.79% | 3.04% | 3.00% | 3.32% | 2.66% | 2.24% | 3.24% | 3.62% | 3.05% | 3.19% | 3.10% |
Frequently Asked Questions
With a correlation of 0.92, MEUG.L and VEUR.AS 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, VEUR.AS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUR.AS is cheaper with a 0.10% expense ratio, compared with 0.25% for MEUG.L.
Both ETFs track MSCI Europe NR EUR. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.25% for MEUG.L and 0.10% for VEUR.AS.
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