IBC3.DE vs. LEER.DE
IBC3.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF) and LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) are both Emerging Markets Equities funds - IBC3.DE tracks the MSCI Emerging Markets Investable Market (IMI) while LEER.DE tracks the MSCI Emerging Markets Eastern Europe ex Russia Index. Both are passively managed. Over the past 5 years, IBC3.DE returned 8.85%/yr vs 16.61%/yr for LEER.DE. A 0.55 correlation means they provide meaningful diversification when combined. IBC3.DE charges 0.18%/yr vs 0.50%/yr for LEER.DE.
Performance
IBC3.DE vs. LEER.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC3.DE achieves a 25.91% return, which is significantly higher than LEER.DE's 18.03% return.
IBC3.DE
- 1D
- -1.44%
- 1M
- 3.09%
- YTD
- 25.91%
- 6M
- 26.49%
- 1Y
- 46.24%
- 3Y*
- 20.30%
- 5Y*
- 8.85%
- 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%
IBC3.DE vs. LEER.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 25.91% | 17.59% | 14.06% | 7.48% | -13.80% | 7.38% | 7.44% | 21.30% | -9.19% |
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% | -4.59% |
Correlation
The correlation between IBC3.DE and LEER.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2018 | 0.55 |
The correlation between IBC3.DE and LEER.DE has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.
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Return for Risk
IBC3.DE vs. LEER.DE — Risk / Return Rank
IBC3.DE
LEER.DE
IBC3.DE vs. LEER.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.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.
| IBC3.DE | LEER.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.34 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 4.24 | +0.28 |
| Martin ratioReturn relative to average drawdown | 16.28 | 11.61 | +4.68 |
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
| IBC3.DE | LEER.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 2.00 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.71 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.12 | +0.36 |
Drawdowns
IBC3.DE vs. LEER.DE - Drawdown Comparison
The maximum IBC3.DE drawdown since its inception was -31.89%, smaller than the maximum LEER.DE drawdown of -72.16%. Use the drawdown chart below to compare losses from any high point for IBC3.DE and LEER.DE.
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Drawdown Indicators
| IBC3.DE | LEER.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.89% | -72.16% | +40.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -9.92% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -19.08% | -15.85% | -3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -43.49% | +21.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.74% | — |
Current DrawdownCurrent decline from peak | -2.52% | -0.84% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -33.44% | +25.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.63% | -0.74% |
Volatility
IBC3.DE vs. LEER.DE - Volatility Comparison
iShares Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) has a higher volatility of 7.06% compared to Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) at 6.19%. This indicates that IBC3.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
| IBC3.DE | LEER.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.06% | 6.19% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 14.60% | 16.81% | -2.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.37% | 21.00% | -3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 23.00% | -6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 21.97% | -3.55% |
IBC3.DE vs. LEER.DE - Expense Ratio Comparison
IBC3.DE has a 0.18% expense ratio, which is lower than LEER.DE's 0.50% expense ratio.
Dividends
IBC3.DE vs. LEER.DE - Dividend Comparison
IBC3.DE's dividend yield for the trailing twelve months is around 1.88%, while LEER.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 1.88% | 2.26% | 2.44% | 2.69% | 3.36% | 2.18% | 2.09% | 2.56% | 2.08% |
LEER.DE Amundi MSCI Eastern Europe Ex Russia UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBC3.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.
On fees, IBC3.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBC3.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for LEER.DE.
IBC3.DE tracks MSCI Emerging Markets Investable Market (IMI), 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 IBC3.DE and 0.50% for LEER.DE.
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