ACUG.DE vs. LEER.DE

Last updated Jun 5, 2026

ACUG.DE (Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D)) and LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) are both Emerging Markets Equities funds from Amundi - ACUG.DE tracks the MSCI Emerging Markets SRI Filtered PAB while LEER.DE tracks the MSCI Emerging Markets Eastern Europe ex Russia Index. Both are passively managed. Over the past 3 years, ACUG.DE returned 12.58%/yr vs 31.18%/yr for LEER.DE. A 0.50 correlation means they provide meaningful diversification when combined. ACUG.DE charges 0.25%/yr vs 0.50%/yr for LEER.DE.

Performance

ACUG.DE vs. LEER.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) (ACUG.DE) and Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACUG.DE achieves a 16.73% return, which is significantly lower than LEER.DE's 18.03% return.

ACUG.DE

• 1D: -1.21%
• 1M: 2.49%
• YTD: 16.73%
• 6M: 17.14%
• 1Y: 30.76%
• 3Y*: 12.58%
• 5Y*: —
• 10Y*: —

LEER.DE

• 1D: 0.66%
• 1M: 4.22%
• YTD: 18.03%
• 6M: 25.17%
• 1Y: 42.24%
• 3Y*: 31.18%
• 5Y*: 16.61%
• 10Y*: 10.92%

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

ACUG.DE vs. LEER.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ACUG.DE Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D)	16.73%	13.06%	11.24%	-2.80%	-11.79%	-4.08%
LEER.DE Amundi MSCI Eastern Europe Ex Russia UCITS ETF	18.03%	53.92%	4.11%	41.71%	-21.16%	-4.96%

Correlation

The correlation between ACUG.DE and LEER.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021	0.50

The correlation between ACUG.DE and LEER.DE has been stable across timeframes, ranging from 0.50 to 0.50 - a consistent structural relationship.

Return for Risk

ACUG.DE vs. LEER.DE — Risk / Return Rank

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

ACUG.DE

ACUG.DE Risk / Return Rank: 58
ACUG.DE Sharpe Ratio Rank: 55
ACUG.DE Sortino Ratio Rank: 55
ACUG.DE Omega Ratio Rank: 54
ACUG.DE Calmar Ratio Rank: 65
ACUG.DE Martin Ratio Rank: 60

LEER.DE

LEER.DE Risk / Return Rank: 65
LEER.DE Sharpe Ratio Rank: 60
LEER.DE Sortino Ratio Rank: 60
LEER.DE Omega Ratio Rank: 57
LEER.DE Calmar Ratio Rank: 82
LEER.DE Martin Ratio Rank: 65

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.

ACUG.DE vs. LEER.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) (ACUG.DE) and Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.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.

	ACUG.DE	LEER.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.85	2.00	-0.16
Sortino ratio: Return per unit of downside risk	2.58	2.81	-0.23
Omega ratio: Gain probability vs. loss probability	1.33	1.34	-0.02
Calmar ratio: Return relative to maximum drawdown	3.21	4.24	-1.02
Martin ratio: Return relative to average drawdown	10.41	11.61	-1.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACUG.DE vs. LEER.DE - Sharpe Ratio Comparison

The current ACUG.DE Sharpe Ratio is 1.85, which is comparable to the LEER.DE Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of ACUG.DE and LEER.DE, 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

	ACUG.DE	LEER.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.85	2.00	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.12	+0.13

Drawdowns

ACUG.DE vs. LEER.DE - Drawdown Comparison

The maximum ACUG.DE drawdown since its inception was -26.17%, smaller than the maximum LEER.DE drawdown of -72.16%. Use the drawdown chart below to compare losses from any high point for ACUG.DE and LEER.DE.

Drawdown Indicators

	ACUG.DE	LEER.DE	Difference
Max Drawdown Largest peak-to-trough decline	-26.17%	-72.16%	+45.99%
Max Drawdown (1Y) Largest decline over 1 year	-9.53%	-9.92%	+0.39%
Max Drawdown (3Y) Largest decline over 3 years	-21.01%	-15.85%	-5.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-43.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-48.74%	—
Current Drawdown Current decline from peak	-2.61%	-0.84%	-1.77%
Average Drawdown Average peak-to-trough decline	-12.57%	-33.44%	+20.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.63%	-0.68%

Volatility

ACUG.DE vs. LEER.DE - Volatility Comparison

Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) (ACUG.DE) and Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) have volatilities of 6.12% and 6.19%, 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

	ACUG.DE	LEER.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	6.19%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	13.44%	16.81%	-3.37%
Volatility (1Y) Calculated over the trailing 1-year period	16.63%	21.00%	-4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.86%	23.00%	-6.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.86%	21.97%	-5.11%

ACUG.DE vs. LEER.DE - Expense Ratio Comparison

ACUG.DE has a 0.25% expense ratio, which is lower than LEER.DE's 0.50% expense ratio.

Dividends

ACUG.DE vs. LEER.DE - Dividend Comparison

ACUG.DE's dividend yield for the trailing twelve months is around 1.66%, while LEER.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
ACUG.DE Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D)	1.66%	1.93%	2.11%	2.26%	2.28%	1.69%
LEER.DE Amundi MSCI Eastern Europe Ex Russia UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ACUG.DE and LEER.DE in my portfolio?

ACUG.DE and LEER.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACUG.DE or LEER.DE?

On fees, ACUG.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ACUG.DE or LEER.DE?

ACUG.DE is cheaper with a 0.25% expense ratio, compared with 0.50% for LEER.DE.

What is the main difference between ACUG.DE and LEER.DE?

ACUG.DE tracks MSCI Emerging Markets SRI Filtered PAB, while LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index. Their fees differ too: 0.25% for ACUG.DE and 0.50% for LEER.DE.