MEURX vs. CAEZX

Last updated Jun 4, 2026

MEURX (Franklin Mutual European Fund) and CAEZX (Columbia Acorn European Fund) are both Europe Equities funds. Over the past 10 years, MEURX returned 9.16%/yr vs 8.55%/yr for CAEZX. A 0.72 correlation means they provide meaningful diversification when combined. MEURX charges 1.00%/yr vs 1.19%/yr for CAEZX.

Performance

MEURX vs. CAEZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Mutual European Fund (MEURX) and Columbia Acorn European Fund (CAEZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEURX achieves a 3.18% return, which is significantly lower than CAEZX's 6.63% return. Over the past 10 years, MEURX has outperformed CAEZX with an annualized return of 9.16%, while CAEZX has yielded a comparatively lower 8.55% annualized return.

MEURX

• 1D: 0.54%
• 1M: 2.36%
• YTD: 3.18%
• 6M: 5.92%
• 1Y: 18.68%
• 3Y*: 17.70%
• 5Y*: 12.16%
• 10Y*: 9.16%

CAEZX

• 1D: 0.38%
• 1M: 3.11%
• YTD: 6.63%
• 6M: 9.77%
• 1Y: 13.25%
• 3Y*: 10.36%
• 5Y*: 1.68%
• 10Y*: 8.55%

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

MEURX vs. CAEZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MEURX Franklin Mutual European Fund	3.18%	39.96%	3.67%	16.68%	-0.68%	16.48%	-6.22%	22.28%	-11.13%	10.45%
CAEZX Columbia Acorn European Fund	6.63%	24.00%	-4.20%	25.11%	-38.02%	21.76%	23.09%	46.34%	-18.57%	38.37%

Correlation

The correlation between MEURX and CAEZX is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Aug 19, 2011	0.72

The correlation between MEURX and CAEZX shifts across timeframes, from 0.70 (10 years) to 0.81 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MEURX vs. CAEZX — Risk / Return Rank

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

MEURX

MEURX Risk / Return Rank: 20
MEURX Sharpe Ratio Rank: 20
MEURX Sortino Ratio Rank: 20
MEURX Omega Ratio Rank: 20
MEURX Calmar Ratio Rank: 20
MEURX Martin Ratio Rank: 22

CAEZX

CAEZX Risk / Return Rank: 10
CAEZX Sharpe Ratio Rank: 9
CAEZX Sortino Ratio Rank: 10
CAEZX Omega Ratio Rank: 10
CAEZX Calmar Ratio Rank: 9
CAEZX Martin Ratio Rank: 11

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.

MEURX vs. CAEZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Mutual European Fund (MEURX) and Columbia Acorn European Fund (CAEZX). 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.

	MEURX	CAEZX	Difference
Sharpe ratio: Return per unit of total volatility	1.30	0.76	+0.53
Sortino ratio: Return per unit of downside risk	1.88	1.20	+0.67
Omega ratio: Gain probability vs. loss probability	1.24	1.15	+0.09
Calmar ratio: Return relative to maximum drawdown	1.63	0.85	+0.78
Martin ratio: Return relative to average drawdown	5.59	3.10	+2.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MEURX vs. CAEZX - Sharpe Ratio Comparison

The current MEURX Sharpe Ratio is 1.30, which is higher than the CAEZX Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of MEURX and CAEZX, 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

	MEURX	CAEZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	0.76	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.08	+0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.41	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.47	+0.17

Drawdowns

MEURX vs. CAEZX - Drawdown Comparison

The maximum MEURX drawdown since its inception was -43.16%, smaller than the maximum CAEZX drawdown of -50.98%. Use the drawdown chart below to compare losses from any high point for MEURX and CAEZX.

Drawdown Indicators

	MEURX	CAEZX	Difference
Max Drawdown Largest peak-to-trough decline	-43.16%	-50.98%	+7.82%
Max Drawdown (1Y) Largest decline over 1 year	-11.16%	-14.38%	+3.22%
Max Drawdown (3Y) Largest decline over 3 years	-15.36%	-22.96%	+7.60%
Max Drawdown (5Y) Largest decline over 5 years	-20.38%	-50.98%	+30.60%
Max Drawdown (10Y) Largest decline over 10 years	-41.10%	-50.98%	+9.88%
Current Drawdown Current decline from peak	-4.06%	-5.31%	+1.25%
Average Drawdown Average peak-to-trough decline	-7.66%	-11.52%	+3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	3.92%	-0.68%

Volatility

MEURX vs. CAEZX - Volatility Comparison

The current volatility for Franklin Mutual European Fund (MEURX) is 4.57%, while Columbia Acorn European Fund (CAEZX) has a volatility of 5.56%. This indicates that MEURX experiences smaller price fluctuations and is considered to be less risky than CAEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEURX	CAEZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	5.56%	-0.99%
Volatility (6M) Calculated over the trailing 6-month period	11.18%	13.38%	-2.20%
Volatility (1Y) Calculated over the trailing 1-year period	14.06%	15.97%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.35%	21.80%	-6.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	20.90%	-3.55%

MEURX vs. CAEZX - Expense Ratio Comparison

MEURX has a 1.00% expense ratio, which is lower than CAEZX's 1.19% expense ratio.

Dividends

MEURX vs. CAEZX - Dividend Comparison

MEURX's dividend yield for the trailing twelve months is around 2.99%, less than CAEZX's 19.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAEZX Columbia Acorn European Fund	19.66%	20.97%	2.67%	0.84%	0.00%	0.40%	0.45%	1.04%	0.77%	1.26%	1.10%	1.57%
MEURX Franklin Mutual European Fund	2.99%	3.09%	3.06%	2.25%	3.31%	3.52%	2.36%	2.71%	4.07%	1.31%	3.70%	5.72%

Frequently Asked Questions

Can I hold both MEURX and CAEZX in my portfolio?

MEURX and CAEZX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MEURX or CAEZX?

CAEZX has higher volatility (5.56%) compared to MEURX (4.57%). In terms of maximum drawdown, MEURX dropped -43.16% vs CAEZX's -50.98%.

Which has better risk-adjusted returns?

MEURX currently has the higher Sharpe Ratio (1.30 vs 0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.