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XXSC.L vs. CEUR.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XXSC.L vs. CEUR.L

Last updated Jun 5, 2026

XXSC.L (Xtrackers MSCI Europe Small Cap UCITS ETF 1C) and CEUR.L (Amundi MSCI Europe) are both Europe Equities funds - XXSC.L tracks the MSCI Europe Small Cap NR EUR while CEUR.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, XXSC.L returned 8.44%/yr vs 9.88%/yr for CEUR.L. A 0.74 correlation means they provide meaningful diversification when combined. XXSC.L charges 0.30%/yr vs 0.05%/yr for CEUR.L.

Performance

XXSC.L vs. CEUR.L - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with XXSC.L having a 6.58% return and CEUR.L slightly higher at 6.66%. Over the past 10 years, XXSC.L has underperformed CEUR.L with an annualized return of 8.44%, while CEUR.L has yielded a comparatively higher 9.88% annualized return.

XXSC.L

1D
0.56%
1M
2.62%
YTD
6.58%
6M
9.35%
1Y
15.64%
3Y*
11.84%
5Y*
4.26%
10Y*
8.44%

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)

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

2026 (YTD)202520242023202220212020201920182017
XXSC.L
Xtrackers MSCI Europe Small Cap UCITS ETF 1C		6.58%22.28%0.76%10.44%-17.50%15.39%10.55%24.87%-14.91%23.58%
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 XXSC.L and CEUR.L is 0.84, 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

0.84

Correlation (3Y)
Calculated over the trailing 3-year period

0.86

Correlation (5Y)
Calculated over the trailing 5-year period

0.88

Correlation (10Y)
Calculated over the trailing 10-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Jun 9, 2011

0.75

The correlation between XXSC.L and CEUR.L shifts across timeframes, from 0.74 (all time) to 0.88 (5 years), reflecting how their relationship changes across market environments.

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

Sectors
XXSC.L
CEUR.L

Industrials

26.6%
19.8%

Financial Services

15.3%
25.1%

Consumer Cyclical

11.4%
6.2%

Real Estate

8.3%
1.7%

Basic Materials

7.5%
3.8%

Technology

7.4%
10.4%

Healthcare

7.3%
13.8%

Energy

5.1%
3.5%

Communication Services

5.0%
3.4%

Consumer Defensive

3.5%
7.2%

Utilities

2.5%
5.3%

Industrials

XXSC.L
26.6%
CEUR.L
19.8%

Financial Services

XXSC.L
15.3%
CEUR.L
25.1%

Consumer Cyclical

XXSC.L
11.4%
CEUR.L
6.2%

Real Estate

XXSC.L
8.3%
CEUR.L
1.7%

Basic Materials

XXSC.L
7.5%
CEUR.L
3.8%

Technology

XXSC.L
7.4%
CEUR.L
10.4%

Healthcare

XXSC.L
7.3%
CEUR.L
13.8%

Energy

XXSC.L
5.1%
CEUR.L
3.5%

Communication Services

XXSC.L
5.0%
CEUR.L
3.4%

Consumer Defensive

XXSC.L
3.5%
CEUR.L
7.2%

Utilities

XXSC.L
2.5%
CEUR.L
5.3%

Compare stocks, funds, or ETFs

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Xtrackers MSCI Europe Small Cap UCITS ETF 1C

Amundi MSCI Europe

Often compared with XXSC.L:
XXSC.L vs. IUSQ.DEXXSC.L vs. AYEW.DEXXSC.L vs. CES1.LXXSC.L vs. EMIM.LXXSC.L vs. SPYXXSC.L vs. EUNL.DEXXSC.L vs. XDEV.L
Often compared with CEUR.L:
CEUR.L vs. DTLA.LCEUR.L vs. XS7R.LCEUR.L vs. XDWT.LCEUR.L vs. URTHCEUR.L vs. VERX.LCEUR.L vs. QQQCEUR.L vs. SPY

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XXSC.L
XXSC.L Risk / Return Rank: 3434
Overall Rank
XXSC.L Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
XXSC.L Sortino Ratio Rank: 3535
Sortino Ratio Rank
XXSC.L Omega Ratio Rank: 3636
Omega Ratio Rank
XXSC.L Calmar Ratio Rank: 3030
Calmar Ratio Rank
XXSC.L Martin Ratio Rank: 3535
Martin Ratio Rank
CEUR.L
CEUR.L Risk / Return Rank: 4242
Overall Rank
CEUR.L Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
CEUR.L Sortino Ratio Rank: 4545
Sortino Ratio Rank
CEUR.L Omega Ratio Rank: 4747
Omega Ratio Rank
CEUR.L Calmar Ratio Rank: 3636
Calmar Ratio Rank
CEUR.L Martin Ratio Rank: 3939
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.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.

XXSC.LCEUR.LDifference
Sharpe ratioReturn per unit of total volatility
1.25
1.54

-0.30

Sortino ratioReturn per unit of downside risk
1.80
2.18

-0.38

Omega ratioGain probability vs. loss probability

1.23

1.29

-0.06

Calmar ratioReturn relative to maximum drawdown

1.44

1.74

-0.29

Martin ratioReturn relative to average drawdown

5.17

6.06

-0.88

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XXSC.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 XXSC.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.

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Sharpe Ratios by Period

XXSC.LCEUR.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.25

1.54

-0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.27

0.68

-0.41

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.66

-0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.76

0.56

+0.20

Drawdowns

XXSC.L vs. CEUR.L - Drawdown Comparison

The maximum XXSC.L drawdown since its inception was -35.12%, 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 XXSC.L and CEUR.L.

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Drawdown Indicators

XXSC.LCEUR.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.12%

-28.63%

-6.49%

Max Drawdown (1Y)

Largest decline over 1 year

-10.79%

-11.05%

+0.26%

Max Drawdown (3Y)

Largest decline over 3 years

-12.84%

-12.66%

-0.18%

Max Drawdown (5Y)

Largest decline over 5 years

-30.74%

-17.85%

-12.89%

Max Drawdown (10Y)

Largest decline over 10 years

-35.12%

-28.63%

-6.49%

Current Drawdown

Current decline from peak

-1.31%

-1.52%

+0.21%

Average Drawdown

Average peak-to-trough decline

-7.53%

-4.58%

-2.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

3.17%

-0.15%

Volatility

XXSC.L vs. CEUR.L - Volatility Comparison

The current volatility for Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) is 3.95%, while Amundi MSCI Europe (CEUR.L) has a volatility of 4.25%. This indicates that XXSC.L experiences smaller price fluctuations and is considered to be less risky than CEUR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XXSC.LCEUR.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.95%

4.25%

-0.30%

Volatility (6M)

Calculated over the trailing 6-month period

10.48%

10.53%

-0.05%

Volatility (1Y)

Calculated over the trailing 1-year period

12.50%

12.44%

+0.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.01%

13.88%

+2.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.27%

14.97%

+1.30%

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

XXSC.L has a 0.30% expense ratio, which is higher than CEUR.L's 0.05% expense ratio.

Dividends

XXSC.L vs. CEUR.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
CEUR.L
Amundi MSCI Europe		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XXSC.L
Xtrackers MSCI Europe Small Cap UCITS ETF 1C		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%1.95%

Frequently Asked Questions

XXSC.L and CEUR.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

CEUR.L is cheaper with a 0.05% expense ratio, compared with 0.30% for XXSC.L.

XXSC.L tracks MSCI Europe Small Cap NR EUR, while CEUR.L tracks MSCI Europe NR EUR. They also come from different issuers: DWS and Amundi. Their fees differ too: 0.30% for XXSC.L and 0.05% for CEUR.L.

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