MEUD vs EXSA: returns, risk and drawdowns compared
Amundi Stoxx Europe 600 UCITS ETF Acc against iShares STOXX Europe 600 UCITS ETF (DE), over the same 10 years (December 2015 to October 2026) with dividends reinvested.
Data updated October 2026
From December 2015 to October 2026, MEUD returned 7.8% a year and EXSA 5.6% a year on average, so MEUD came out ahead by 2.2% a year. EXSA was the more volatile of the two (13.8% against 13.7% a year), and the deepest falls from a month-end high were 22.6% for MEUD and 23.2% for EXSA.
The correlation of monthly returns was 0.95: they moved almost in lockstep. Over 95 rolling 3-year periods, MEUD did better in 99% and EXSA in 1%.
Side by side
| MEUD | EXSA | |
|---|---|---|
| Annual return (CAGR) | +7.8% | +5.6% |
| Total return | +126% | +81% |
| Annual volatility | 13.7% | 13.8% |
| Maximum drawdown (month-end) | −22.6% | −23.2% |
| Worst month | −14.2% | −14.9% |
| Best month | +14.2% | +13.8% |
| Positive months | 59% | 59% |
| Best year | 2019: +27.9% | 2019: +24.5% |
| Worst year | 2018: −10.9% | 2018: −13.3% |
| 1-year return | +14.7% | +14.4% |
| 5 years, a year | +9.4% | +8.0% |
| 10 years, a year | +9.4% | +7.1% |
| Trading currency | EUR | EUR |
First nine rows: the same 130 months for both funds. Trailing returns: to each fund’s last close.
Growth of 10,000: MEUD vs EXSA
Returns by calendar year
| Year | MEUD | EXSA |
|---|---|---|
| 2025 | +21.1% | +20.5% |
| 2024 | +8.6% | +8.5% |
| 2023 | +16.1% | +12.7% |
| 2022 | −10.9% | −12.8% |
| 2021 | +25.0% | +21.7% |
| 2020 | −1.4% | −3.8% |
| 2019 | +27.9% | +24.5% |
| 2018 | −10.9% | −13.3% |
| 2017 | +11.4% | +5.9% |
| 2016 | +2.0% | −2.1% |
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
The comparison uses only the months in which both funds have prices, so the figures cover the same period even when one fund is older.
Questions
Which has returned more, MEUD or EXSA?
From December 2015 to October 2026, MEUD returned +7.8% a year and EXSA +5.6% a year, with dividends reinvested. Over rolling 3-year periods MEUD did better in 99% of cases. Past returns do not predict future returns.
Which is riskier, MEUD or EXSA?
Over the same months annual volatility was 13.7% for MEUD and 13.8% for EXSA; the deepest fall from a month-end high was 22.6% and 23.2%, and the worst single month −14.2% and −14.9%.
How correlated are MEUD and EXSA?
The correlation of their monthly returns was 0.95: they moved almost in lockstep. Holding both adds little diversification compared with holding one.
More comparisons
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.