VUKE.L vs. LCUK.L

Last updated Jun 5, 2026

VUKE.L (Vanguard FTSE 100 UCITS ETF Distributing) and LCUK.L (Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist) are both Europe Equities funds tracking the FTSE AllSh TR GBP, from Vanguard and Amundi respectively. Both are passively managed. Over the past 5 years, VUKE.L returned 11.72%/yr vs 10.01%/yr for LCUK.L. With a 0.96 correlation, they move nearly in lockstep. VUKE.L charges 0.09%/yr vs 0.04%/yr for LCUK.L.

Performance

VUKE.L vs. LCUK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE 100 UCITS ETF Distributing (VUKE.L) and Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VUKE.L achieves a 5.46% return, which is significantly lower than LCUK.L's 5.93% return.

VUKE.L

• 1D: 0.32%
• 1M: 1.69%
• YTD: 5.46%
• 6M: 7.94%
• 1Y: 21.02%
• 3Y*: 14.71%
• 5Y*: 11.72%
• 10Y*: 9.04%

LCUK.L

• 1D: 0.54%
• 1M: 1.88%
• YTD: 5.93%
• 6M: 5.05%
• 1Y: 16.53%
• 3Y*: 13.40%
• 5Y*: 10.01%
• 10Y*: —

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

VUKE.L vs. LCUK.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VUKE.L Vanguard FTSE 100 UCITS ETF Distributing	5.46%	26.19%	9.55%	7.05%	5.29%	17.69%	-11.61%	17.49%	-0.16%
LCUK.L Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist	5.93%	21.01%	9.05%	7.25%	2.15%	18.06%	-11.83%	18.73%	-0.85%

Correlation

The correlation between VUKE.L and LCUK.L 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	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018	0.96

The correlation between VUKE.L and LCUK.L has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

VUKE.L vs. LCUK.L - Sectors Allocation Comparison

Sectors	VUKE.L	LCUK.L
Financial Services	24.5%	24.2%
Consumer Defensive	13.9%	13.7%
Industrials	13.7%	13.9%
Healthcare	13.6%	13.2%
Energy	11.7%	11.1%
Basic Materials	8.5%	8.3%
Utilities	5.3%	5.1%
Consumer Cyclical	4.7%	5.2%
Communication Services	2.6%	3.0%
Real Estate	0.9%	1.4%
Technology	0.8%	0.9%

Return for Risk

VUKE.L vs. LCUK.L — Risk / Return Rank

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

VUKE.L

VUKE.L Risk / Return Rank: 56
VUKE.L Sharpe Ratio Rank: 59
VUKE.L Sortino Ratio Rank: 59
VUKE.L Omega Ratio Rank: 62
VUKE.L Calmar Ratio Rank: 50
VUKE.L Martin Ratio Rank: 48

LCUK.L

LCUK.L Risk / Return Rank: 38
LCUK.L Sharpe Ratio Rank: 40
LCUK.L Sortino Ratio Rank: 38
LCUK.L Omega Ratio Rank: 40
LCUK.L Calmar Ratio Rank: 37
LCUK.L Martin Ratio Rank: 38

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.

VUKE.L vs. LCUK.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE 100 UCITS ETF Distributing (VUKE.L) and Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.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.

	VUKE.L	LCUK.L	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.38	+0.57
Sortino ratio: Return per unit of downside risk	2.74	1.92	+0.82
Omega ratio: Gain probability vs. loss probability	1.37	1.25	+0.11
Calmar ratio: Return relative to maximum drawdown	2.40	1.80	+0.60
Martin ratio: Return relative to average drawdown	7.95	5.79	+2.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VUKE.L vs. LCUK.L - Sharpe Ratio Comparison

The current VUKE.L Sharpe Ratio is 1.95, which is higher than the LCUK.L Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of VUKE.L and LCUK.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

	VUKE.L	LCUK.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	1.38	+0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.77	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.51	+0.07

Drawdowns

VUKE.L vs. LCUK.L - Drawdown Comparison

The maximum VUKE.L drawdown since its inception was -34.27%, roughly equal to the maximum LCUK.L drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for VUKE.L and LCUK.L.

Drawdown Indicators

	VUKE.L	LCUK.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.27%	-35.54%	+1.27%
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	-9.13%	+0.42%
Max Drawdown (3Y) Largest decline over 3 years	-12.83%	-12.65%	-0.18%
Max Drawdown (5Y) Largest decline over 5 years	-12.83%	-12.65%	-0.18%
Max Drawdown (10Y) Largest decline over 10 years	-34.27%	—	—
Current Drawdown Current decline from peak	-4.19%	-3.98%	-0.21%
Average Drawdown Average peak-to-trough decline	-4.27%	-4.97%	+0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	2.85%	-0.21%

Volatility

VUKE.L vs. LCUK.L - Volatility Comparison

Vanguard FTSE 100 UCITS ETF Distributing (VUKE.L) and Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist (LCUK.L) have volatilities of 3.89% and 3.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VUKE.L	LCUK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	3.76%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	9.31%	10.20%	-0.89%
Volatility (1Y) Calculated over the trailing 1-year period	10.72%	11.92%	-1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.65%	12.97%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	15.69%	-0.67%

VUKE.L vs. LCUK.L - Expense Ratio Comparison

VUKE.L has a 0.09% expense ratio, which is higher than LCUK.L's 0.04% 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

VUKE.L vs. LCUK.L - Dividend Comparison

VUKE.L's dividend yield for the trailing twelve months is around 3.00%, while LCUK.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCUK.L Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist	0.00%	0.00%	3.68%	3.05%	3.94%	3.86%	3.00%	3.48%	0.00%	0.00%	0.00%	0.00%
VUKE.L Vanguard FTSE 100 UCITS ETF Distributing	3.00%	3.12%	3.74%	3.82%	3.94%	3.90%	3.02%	4.65%	4.64%	3.99%	3.75%	4.25%

Frequently Asked Questions

Can I hold both VUKE.L and LCUK.L in my portfolio?

With a correlation of 0.92, VUKE.L and LCUK.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, VUKE.L or LCUK.L?

On fees, LCUK.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VUKE.L or LCUK.L?

LCUK.L is cheaper with a 0.04% expense ratio, compared with 0.09% for VUKE.L.

What is the main difference between VUKE.L and LCUK.L?

Both ETFs track FTSE AllSh TR GBP. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.09% for VUKE.L and 0.04% for LCUK.L.