EUPA.DE vs. LEAD.DE

Last updated Jun 5, 2026

EUPA.DE (Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD)) and LEAD.DE (Amundi MSCI Europe ESG Leaders UCITS ETF Acc) are both Europe Equities funds - EUPA.DE tracks the Shiller Barclays CAPE® Global Sector while LEAD.DE tracks the MSCI Europe ESG Leaders. Both are passively managed. Over the past 3 years, EUPA.DE returned 17.95%/yr vs 11.72%/yr for LEAD.DE. A 0.67 correlation means they provide meaningful diversification when combined. EUPA.DE charges 0.65%/yr vs 0.20%/yr for LEAD.DE.

Performance

EUPA.DE vs. LEAD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.DE) and Amundi MSCI Europe ESG Leaders UCITS ETF Acc (LEAD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUPA.DE achieves a 8.36% return, which is significantly lower than LEAD.DE's 9.44% return.

EUPA.DE

• 1D: 0.63%
• 1M: 0.54%
• YTD: 8.36%
• 6M: 9.94%
• 1Y: 17.10%
• 3Y*: 17.95%
• 5Y*: —
• 10Y*: —

LEAD.DE

• 1D: 0.54%
• 1M: 4.78%
• YTD: 9.44%
• 6M: 11.63%
• 1Y: 16.87%
• 3Y*: 11.72%
• 5Y*: 8.61%
• 10Y*: —

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

EUPA.DE vs. LEAD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EUPA.DE Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD)	8.36%	18.38%	13.54%	11.13%
LEAD.DE Amundi MSCI Europe ESG Leaders UCITS ETF Acc	9.44%	13.89%	6.93%	6.73%

Correlation

The correlation between EUPA.DE and LEAD.DE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023	0.67

The correlation between EUPA.DE and LEAD.DE has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.

Return for Risk

EUPA.DE vs. LEAD.DE — Risk / Return Rank

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

EUPA.DE

EUPA.DE Risk / Return Rank: 45
EUPA.DE Sharpe Ratio Rank: 46
EUPA.DE Sortino Ratio Rank: 46
EUPA.DE Omega Ratio Rank: 45
EUPA.DE Calmar Ratio Rank: 41
EUPA.DE Martin Ratio Rank: 46

LEAD.DE

LEAD.DE Risk / Return Rank: 35
LEAD.DE Sharpe Ratio Rank: 34
LEAD.DE Sortino Ratio Rank: 35
LEAD.DE Omega Ratio Rank: 35
LEAD.DE Calmar Ratio Rank: 33
LEAD.DE 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.

EUPA.DE vs. LEAD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.DE) and Amundi MSCI Europe ESG Leaders UCITS ETF Acc (LEAD.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.

	EUPA.DE	LEAD.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.22	+0.35
Sortino ratio: Return per unit of downside risk	2.27	1.82	+0.45
Omega ratio: Gain probability vs. loss probability	1.28	1.23	+0.05
Calmar ratio: Return relative to maximum drawdown	2.02	1.61	+0.41
Martin ratio: Return relative to average drawdown	7.49	6.00	+1.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUPA.DE vs. LEAD.DE - Sharpe Ratio Comparison

The current EUPA.DE Sharpe Ratio is 1.57, which is comparable to the LEAD.DE Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of EUPA.DE and LEAD.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

	EUPA.DE	LEAD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	1.22	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	0.72	+0.58

Drawdowns

EUPA.DE vs. LEAD.DE - Drawdown Comparison

The maximum EUPA.DE drawdown since its inception was -10.28%, smaller than the maximum LEAD.DE drawdown of -21.53%. Use the drawdown chart below to compare losses from any high point for EUPA.DE and LEAD.DE.

Drawdown Indicators

	EUPA.DE	LEAD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-10.28%	-21.53%	+11.25%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-10.43%	+1.99%
Max Drawdown (3Y) Largest decline over 3 years	-10.28%	-16.59%	+6.31%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.53%	—
Current Drawdown Current decline from peak	-2.77%	-1.11%	-1.66%
Average Drawdown Average peak-to-trough decline	-1.91%	-4.13%	+2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	2.81%	-0.53%

Volatility

EUPA.DE vs. LEAD.DE - Volatility Comparison

The current volatility for Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.DE) is 3.63%, while Amundi MSCI Europe ESG Leaders UCITS ETF Acc (LEAD.DE) has a volatility of 4.67%. This indicates that EUPA.DE experiences smaller price fluctuations and is considered to be less risky than LEAD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUPA.DE	LEAD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	4.67%	-1.04%
Volatility (6M) Calculated over the trailing 6-month period	9.03%	11.36%	-2.33%
Volatility (1Y) Calculated over the trailing 1-year period	10.84%	13.78%	-2.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.40%	14.65%	-2.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.40%	14.47%	-2.07%

EUPA.DE vs. LEAD.DE - Expense Ratio Comparison

EUPA.DE has a 0.65% expense ratio, which is higher than LEAD.DE's 0.20% expense ratio.

Dividends

EUPA.DE vs. LEAD.DE - Dividend Comparison

Neither EUPA.DE nor LEAD.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EUPA.DE and LEAD.DE in my portfolio?

EUPA.DE and LEAD.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUPA.DE or LEAD.DE?

On fees, LEAD.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUPA.DE or LEAD.DE?

LEAD.DE is cheaper with a 0.20% expense ratio, compared with 0.65% for EUPA.DE.

What is the main difference between EUPA.DE and LEAD.DE?

EUPA.DE tracks Shiller Barclays CAPE® Global Sector, while LEAD.DE tracks MSCI Europe ESG Leaders. They also come from different issuers: Franklin Templeton and Amundi. Their fees differ too: 0.65% for EUPA.DE and 0.20% for LEAD.DE.