UCT2.DE vs. LSMC.DE
UCT2.DE (Amundi US Curve Steepening 2-10Y UCITS ETF (Acc)) and LSMC.DE (Amundi MSCI Semiconductors ESG Screened UCITS ETF) are both exchange-traded funds - UCT2.DE is a Macro Trading fund tracking the Solactive USD Daily (x7) Steepener 2-10 Index, while LSMC.DE is a Semiconductors fund tracking the MSCI ACWI Semiconductors & Semiconductor Equipment ESG Filtered NET USD Index. Both are passively managed. Over the past 3 years, UCT2.DE returned 1.50%/yr vs 59.62%/yr for LSMC.DE. At a correlation of -0.15, they often move in opposite directions. UCT2.DE charges 0.30%/yr vs 0.45%/yr for LSMC.DE.
Performance
UCT2.DE vs. LSMC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UCT2.DE achieves a 1.32% return, which is significantly lower than LSMC.DE's 63.74% return.
UCT2.DE
- 1D
- 0.09%
- 1M
- 1.35%
- 6M
- 0.94%
- YTD
- 1.32%
- 1Y
- 2.32%
- 3Y*
- 1.50%
- 5Y*
- 0.25%
- 10Y*
- —
LSMC.DE
- 1D
- 2.29%
- 1M
- -3.39%
- 6M
- 59.12%
- YTD
- 63.74%
- 1Y
- 110.36%
- 3Y*
- 59.62%
- 5Y*
- —
- 10Y*
- —
UCT2.DE vs. LSMC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UCT2.DE Amundi US Curve Steepening 2-10Y UCITS ETF (Acc) | 1.32% | -8.99% | 10.12% | -3.66% | 1.75% | -0.34% |
LSMC.DE Amundi MSCI Semiconductors ESG Screened UCITS ETF | 63.74% | 32.60% | 66.51% | 74.52% | -34.67% | -0.88% |
Correlation
The correlation between UCT2.DE and LSMC.DE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021 | -0.15 |
The correlation between UCT2.DE and LSMC.DE shifts across timeframes, from -0.15 (all time) to -0.03 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UCT2.DE vs. LSMC.DE — Risk / Return Rank
UCT2.DE
LSMC.DE
UCT2.DE vs. LSMC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi US Curve Steepening 2-10Y UCITS ETF (Acc) (UCT2.DE) and Amundi MSCI Semiconductors ESG Screened UCITS ETF (LSMC.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UCT2.DE | LSMC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.96 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.47 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 8.55 | -7.89 |
| Martin ratioReturn relative to average drawdown | 1.35 | 25.57 | -24.22 |
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Drawdowns
UCT2.DE vs. LSMC.DE - Drawdown Comparison
The maximum UCT2.DE drawdown since its inception was -19.65%, smaller than the maximum LSMC.DE drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for UCT2.DE and LSMC.DE.
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Drawdown Indicators
| UCT2.DE | LSMC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.65% | -39.64% | +19.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -12.84% | +9.31% |
Max Drawdown (3Y)Largest decline over 3 years | -13.36% | -36.22% | +22.86% |
Max Drawdown (5Y)Largest decline over 5 years | -18.42% | — | — |
Current DrawdownCurrent decline from peak | -14.14% | -7.93% | -6.21% |
Average DrawdownAverage peak-to-trough decline | -12.83% | -11.34% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 4.30% | -2.58% |
Volatility
UCT2.DE vs. LSMC.DE - Volatility Comparison
The current volatility for Amundi US Curve Steepening 2-10Y UCITS ETF (Acc) (UCT2.DE) is 1.36%, while Amundi MSCI Semiconductors ESG Screened UCITS ETF (LSMC.DE) has a volatility of 14.15%. This indicates that UCT2.DE experiences smaller price fluctuations and is considered to be less risky than LSMC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCT2.DE | LSMC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 14.15% | -12.79% |
Volatility (6M)Calculated over the trailing 6-month period | 4.46% | 24.88% | -20.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.15% | 32.91% | -26.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 32.56% | -24.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.00% | 32.56% | -23.56% |
UCT2.DE vs. LSMC.DE - Expense Ratio Comparison
UCT2.DE has a 0.30% expense ratio, which is lower than LSMC.DE's 0.45% expense ratio.
Dividends
UCT2.DE vs. LSMC.DE - Dividend Comparison
Neither UCT2.DE nor LSMC.DE has paid dividends to shareholders.
Frequently Asked Questions
UCT2.DE and LSMC.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UCT2.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UCT2.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for LSMC.DE.
UCT2.DE is categorized as Macro Trading, while LSMC.DE is Semiconductors. UCT2.DE tracks Solactive USD Daily (x7) Steepener 2-10 Index, while LSMC.DE tracks MSCI ACWI Semiconductors & Semiconductor Equipment ESG Filtered NET USD Index. Their fees differ too: 0.30% for UCT2.DE and 0.45% for LSMC.DE.
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