XESC.L vs. CEUR.L

Last updated Jun 5, 2026

XESC.L (Xtrackers EURO STOXX 50 UCITS ETF 1C) and CEUR.L (Amundi MSCI Europe) are both Europe Equities funds - XESC.L tracks the MSCI EMU NR EUR while CEUR.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, XESC.L returned 11.56%/yr vs 9.88%/yr for CEUR.L. Their correlation of 0.86 suggests significant overlap in exposure. XESC.L charges 0.09%/yr vs 0.05%/yr for CEUR.L.

Performance

XESC.L vs. CEUR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.L) and Amundi MSCI Europe (CEUR.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with XESC.L having a 6.52% return and CEUR.L slightly higher at 6.66%. Over the past 10 years, XESC.L has outperformed CEUR.L with an annualized return of 11.56%, while CEUR.L has yielded a comparatively lower 9.88% annualized return.

XESC.L

• 1D: 0.98%
• 1M: 4.88%
• YTD: 6.52%
• 6M: 7.72%
• 1Y: 19.01%
• 3Y*: 15.74%
• 5Y*: 11.67%
• 10Y*: 11.56%

CEUR.L

• 1D: 0.46%
• 1M: 3.94%
• YTD: 6.66%
• 6M: 8.98%
• 1Y: 19.26%
• 3Y*: 13.68%
• 5Y*: 9.47%
• 10Y*: 9.88%

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

XESC.L vs. CEUR.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XESC.L Xtrackers EURO STOXX 50 UCITS ETF 1C	6.52%	28.16%	6.11%	20.06%	-3.40%	15.50%	3.15%	21.73%	-10.68%	14.50%
CEUR.L Amundi MSCI Europe	6.66%	24.46%	4.90%	12.93%	-5.96%	17.02%	2.29%	19.59%	-9.49%	14.99%

Correlation

The correlation between XESC.L and CEUR.L is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 9, 2011	0.86

The correlation between XESC.L and CEUR.L has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.

XESC.L vs. CEUR.L - Sectors Allocation Comparison

Sectors	XESC.L	CEUR.L
Financial Services	26.0%	25.1%
Industrials	22.9%	19.8%
Technology	16.7%	10.4%
Consumer Cyclical	10.2%	6.2%
Healthcare	5.6%	13.8%
Energy	5.4%	3.5%
Utilities	5.0%	5.3%
Consumer Defensive	4.1%	7.2%
Communication Services	2.4%	3.4%
Basic Materials	1.8%	3.8%
Real Estate	-	1.7%

Return for Risk

XESC.L vs. CEUR.L — Risk / Return Rank

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

XESC.L

XESC.L Risk / Return Rank: 36
XESC.L Sharpe Ratio Rank: 36
XESC.L Sortino Ratio Rank: 37
XESC.L Omega Ratio Rank: 36
XESC.L Calmar Ratio Rank: 34
XESC.L Martin Ratio Rank: 37

CEUR.L

CEUR.L Risk / Return Rank: 42
CEUR.L Sharpe Ratio Rank: 45
CEUR.L Sortino Ratio Rank: 45
CEUR.L Omega Ratio Rank: 47
CEUR.L Calmar Ratio Rank: 36
CEUR.L Martin Ratio Rank: 39

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.

XESC.L vs. CEUR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.L) and Amundi MSCI Europe (CEUR.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.

	XESC.L	CEUR.L	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.54	-0.29
Sortino ratio: Return per unit of downside risk	1.87	2.18	-0.32
Omega ratio: Gain probability vs. loss probability	1.23	1.29	-0.06
Calmar ratio: Return relative to maximum drawdown	1.64	1.74	-0.09
Martin ratio: Return relative to average drawdown	5.52	6.06	-0.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XESC.L vs. CEUR.L - Sharpe Ratio Comparison

The current XESC.L Sharpe Ratio is 1.25, which is comparable to the CEUR.L Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of XESC.L and CEUR.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

	XESC.L	CEUR.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.54	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.68	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.66	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.56	-0.08

Drawdowns

XESC.L vs. CEUR.L - Drawdown Comparison

The maximum XESC.L drawdown since its inception was -34.48%, which is greater than CEUR.L's maximum drawdown of -28.63%. Use the drawdown chart below to compare losses from any high point for XESC.L and CEUR.L.

Drawdown Indicators

	XESC.L	CEUR.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.48%	-28.63%	-5.85%
Max Drawdown (1Y) Largest decline over 1 year	-11.53%	-11.05%	-0.48%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-12.66%	-1.57%
Max Drawdown (5Y) Largest decline over 5 years	-21.64%	-17.85%	-3.79%
Max Drawdown (10Y) Largest decline over 10 years	-31.64%	-28.63%	-3.01%
Current Drawdown Current decline from peak	-0.44%	-1.52%	+1.08%
Average Drawdown Average peak-to-trough decline	-7.08%	-4.58%	-2.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	3.17%	+0.27%

Volatility

XESC.L vs. CEUR.L - Volatility Comparison

Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.L) has a higher volatility of 4.85% compared to Amundi MSCI Europe (CEUR.L) at 4.25%. This indicates that XESC.L's price experiences larger fluctuations and is considered to be riskier than CEUR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XESC.L	CEUR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	4.25%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	12.30%	10.53%	+1.77%
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	12.44%	+2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	13.88%	+3.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.81%	14.97%	+2.84%

XESC.L vs. CEUR.L - Expense Ratio Comparison

XESC.L has a 0.09% expense ratio, which is higher than CEUR.L's 0.05% 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

XESC.L vs. CEUR.L - Dividend Comparison

Neither XESC.L nor CEUR.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XESC.L and CEUR.L in my portfolio?

With a correlation of 0.93, XESC.L and CEUR.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, XESC.L or CEUR.L?

On fees, CEUR.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XESC.L or CEUR.L?

CEUR.L is cheaper with a 0.05% expense ratio, compared with 0.09% for XESC.L.

What is the main difference between XESC.L and CEUR.L?

XESC.L tracks MSCI EMU NR EUR, while CEUR.L tracks MSCI Europe NR EUR. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.09% for XESC.L and 0.05% for CEUR.L.