ICLN vs. LEER.DE
ICLN (iShares Global Clean Energy ETF) and LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) are both exchange-traded funds - ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index, while LEER.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Eastern Europe ex Russia Index. Both are passively managed. Over the past 10 years, ICLN returned 11.67%/yr vs 12.04%/yr for LEER.DE. At a 0.40 correlation, their price movements are largely independent. ICLN charges 0.39%/yr vs 0.50%/yr for LEER.DE.
Performance
ICLN vs. LEER.DE - Performance Comparison
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Different Trading Currencies
ICLN is traded in USD, while LEER.DE is traded in EUR. To make them comparable, the LEER.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ICLN achieves a 27.33% return, which is significantly higher than LEER.DE's 18.09% return. Both investments have delivered pretty close results over the past 10 years, with ICLN having a 11.67% annualized return and LEER.DE not far ahead at 12.04%.
ICLN
- 1D
- 0.87%
- 1M
- -4.39%
- YTD
- 27.33%
- 6M
- 27.01%
- 1Y
- 60.81%
- 3Y*
- 5.25%
- 5Y*
- -0.21%
- 10Y*
- 11.67%
LEER.DE
- 1D
- 3.06%
- 1M
- 3.72%
- YTD
- 18.09%
- 6M
- 22.55%
- 1Y
- 46.01%
- 3Y*
- 34.68%
- 5Y*
- 16.12%
- 10Y*
- 12.04%
ICLN vs. LEER.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 27.33% | 47.05% | -25.72% | -20.41% | -5.43% | -24.18% | 141.82% | 44.36% | -9.03% | 21.47% |
LEER.DE Amundi MSCI Eastern Europe Ex Russia UCITS ETF | 18.09% | 73.79% | -1.82% | 46.19% | -25.52% | 10.91% | -10.44% | -0.84% | -12.68% | 49.06% |
Correlation
The correlation between ICLN and LEER.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2008 | 0.40 |
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Return for Risk
ICLN vs. LEER.DE — Risk / Return Rank
ICLN
LEER.DE
ICLN vs. LEER.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ICLN | LEER.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.34 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 3.85 | -0.12 |
| Martin ratioReturn relative to average drawdown | 13.84 | 10.97 | +2.87 |
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Drawdowns
ICLN vs. LEER.DE - Drawdown Comparison
The maximum ICLN drawdown since its inception was -87.15%, which is greater than LEER.DE's maximum drawdown of -74.69%. Use the drawdown chart below to compare losses from any high point for ICLN and LEER.DE.
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Drawdown Indicators
| ICLN | LEER.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.15% | -74.69% | -12.46% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -11.89% | -4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -43.18% | -17.69% | -25.49% |
Max Drawdown (5Y)Largest decline over 5 years | -57.16% | -52.31% | -4.85% |
Max Drawdown (10Y)Largest decline over 10 years | -66.75% | -59.03% | -7.72% |
Current DrawdownCurrent decline from peak | -43.03% | -0.91% | -42.12% |
Average DrawdownAverage peak-to-trough decline | -66.56% | -42.79% | -23.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 4.18% | +0.23% |
Volatility
ICLN vs. LEER.DE - Volatility Comparison
iShares Global Clean Energy ETF (ICLN) has a higher volatility of 12.97% compared to Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) at 7.49%. This indicates that ICLN'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
| ICLN | LEER.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.97% | 7.49% | +5.48% |
Volatility (6M)Calculated over the trailing 6-month period | 22.62% | 19.12% | +3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.21% | 23.07% | +5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.55% | 26.24% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.32% | 24.36% | +2.96% |
ICLN vs. LEER.DE - Expense Ratio Comparison
ICLN has a 0.39% expense ratio, which is lower than LEER.DE's 0.50% expense ratio.
Dividends
ICLN vs. LEER.DE - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 1.28%, while LEER.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 1.28% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ICLN and LEER.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICLN is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICLN is cheaper with a 0.39% expense ratio, compared with 0.50% for LEER.DE.
ICLN is categorized as Alternative Energy Equities, while LEER.DE is Emerging Markets Equities. ICLN tracks S&P Global Clean Energy Index, 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: 0.39% for ICLN and 0.50% for LEER.DE.
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