AYEM.DE vs. LEER.DE
AYEM.DE (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc)) and LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) are both Emerging Markets Equities funds - AYEM.DE tracks the MSCI Emerging Markets IMI ESG Screened while LEER.DE tracks the MSCI Emerging Markets Eastern Europe ex Russia Index. Both are passively managed. Over the past 5 years, AYEM.DE returned 8.30%/yr vs 16.61%/yr for LEER.DE. A 0.53 correlation means they provide meaningful diversification when combined. AYEM.DE charges 0.18%/yr vs 0.50%/yr for LEER.DE.
Performance
AYEM.DE vs. LEER.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEM.DE achieves a 26.90% return, which is significantly higher than LEER.DE's 18.03% return.
AYEM.DE
- 1D
- -1.29%
- 1M
- 4.35%
- YTD
- 26.90%
- 6M
- 27.17%
- 1Y
- 46.15%
- 3Y*
- 20.23%
- 5Y*
- 8.30%
- 10Y*
- —
LEER.DE
- 1D
- 0.66%
- 1M
- 1.32%
- YTD
- 18.03%
- 6M
- 25.59%
- 1Y
- 43.31%
- 3Y*
- 31.18%
- 5Y*
- 16.61%
- 10Y*
- 10.92%
AYEM.DE vs. LEER.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AYEM.DE iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) | 26.90% | 17.51% | 14.02% | 6.81% | -14.64% | 6.10% | 7.92% | 21.67% | 1.83% |
LEER.DE Amundi MSCI Eastern Europe Ex Russia UCITS ETF | 18.03% | 53.92% | 4.11% | 41.71% | -21.16% | 20.40% | -18.41% | 1.33% | 3.86% |
Correlation
The correlation between AYEM.DE and LEER.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.53 |
The correlation between AYEM.DE and LEER.DE has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.
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Return for Risk
AYEM.DE vs. LEER.DE — Risk / Return Rank
AYEM.DE
LEER.DE
AYEM.DE vs. LEER.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.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.
| AYEM.DE | LEER.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.34 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 4.24 | +0.06 |
| Martin ratioReturn relative to average drawdown | 15.83 | 11.61 | +4.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AYEM.DE | LEER.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 2.00 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.71 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.12 | +0.47 |
Drawdowns
AYEM.DE vs. LEER.DE - Drawdown Comparison
The maximum AYEM.DE drawdown since its inception was -31.19%, smaller than the maximum LEER.DE drawdown of -72.16%. Use the drawdown chart below to compare losses from any high point for AYEM.DE and LEER.DE.
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Drawdown Indicators
| AYEM.DE | LEER.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -72.16% | +40.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.01% | -9.92% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -15.85% | -3.29% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | -43.49% | +20.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.74% | — |
Current DrawdownCurrent decline from peak | -2.20% | -0.84% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -33.44% | +25.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.63% | -0.63% |
Volatility
AYEM.DE vs. LEER.DE - Volatility Comparison
iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) (AYEM.DE) has a higher volatility of 7.02% compared to Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) at 6.19%. This indicates that AYEM.DE's price experiences larger fluctuations and is considered to be riskier than LEER.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYEM.DE | LEER.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 6.19% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 16.81% | -1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 21.00% | -3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 23.00% | -6.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.62% | 21.97% | -3.35% |
AYEM.DE vs. LEER.DE - Expense Ratio Comparison
AYEM.DE has a 0.18% expense ratio, which is lower than LEER.DE's 0.50% expense ratio.
Dividends
AYEM.DE vs. LEER.DE - Dividend Comparison
Neither AYEM.DE nor LEER.DE has paid dividends to shareholders.
Frequently Asked Questions
AYEM.DE and LEER.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AYEM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYEM.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for LEER.DE.
AYEM.DE tracks MSCI Emerging Markets IMI ESG Screened, while LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.18% for AYEM.DE and 0.50% for LEER.DE.
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