JRZE.L vs. LEER.DE
JRZE.L (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) and LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) are both exchange-traded funds - JRZE.L is a Europe Equities fund tracking the MSCI EMU NR EUR, 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 3 years, JRZE.L returned 15.69%/yr vs 31.38%/yr for LEER.DE. A 0.61 correlation means they provide meaningful diversification when combined. JRZE.L charges 0.25%/yr vs 0.50%/yr for LEER.DE.
Performance
JRZE.L vs. LEER.DE - Performance Comparison
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Different Trading Currencies
JRZE.L is traded in GBp, while LEER.DE is traded in EUR. To make them comparable, the LEER.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, JRZE.L achieves a 8.11% return, which is significantly lower than LEER.DE's 17.10% return.
JRZE.L
- 1D
- 0.42%
- 1M
- 4.70%
- YTD
- 8.11%
- 6M
- 9.51%
- 1Y
- 21.36%
- 3Y*
- 15.69%
- 5Y*
- —
- 10Y*
- —
LEER.DE
- 1D
- 0.78%
- 1M
- 4.45%
- YTD
- 17.10%
- 6M
- 23.96%
- 1Y
- 46.08%
- 3Y*
- 31.38%
- 5Y*
- 16.78%
- 10Y*
- 12.00%
JRZE.L vs. LEER.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JRZE.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) | 8.11% | 29.94% | 3.35% | 17.82% | 5.89% |
LEER.DE Amundi MSCI Eastern Europe Ex Russia UCITS ETF | 17.10% | 61.93% | -0.43% | 38.88% | 3.15% |
Correlation
The correlation between JRZE.L and LEER.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 5, 2022 | 0.61 |
The correlation between JRZE.L and LEER.DE has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
JRZE.L vs. LEER.DE — Risk / Return Rank
JRZE.L
LEER.DE
JRZE.L vs. LEER.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JRZE.L) 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.
| JRZE.L | LEER.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.38 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 4.86 | -2.95 |
| Martin ratioReturn relative to average drawdown | 6.73 | 13.01 | -6.28 |
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
| JRZE.L | LEER.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.19 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.13 | +0.69 |
Drawdowns
JRZE.L vs. LEER.DE - Drawdown Comparison
The maximum JRZE.L drawdown since its inception was -17.17%, smaller than the maximum LEER.DE drawdown of -64.93%. Use the drawdown chart below to compare losses from any high point for JRZE.L and LEER.DE.
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Drawdown Indicators
| JRZE.L | LEER.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.17% | -64.93% | +47.76% |
Max Drawdown (1Y)Largest decline over 1 year | -11.09% | -9.43% | -1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -17.17% | -13.66% | -3.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.29% | — |
Current DrawdownCurrent decline from peak | -0.07% | -1.41% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -23.96% | +18.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 3.53% | -0.36% |
Volatility
JRZE.L vs. LEER.DE - Volatility Comparison
The current volatility for JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JRZE.L) is 4.64%, while Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) has a volatility of 6.11%. This indicates that JRZE.L experiences smaller price fluctuations and is considered to be less risky 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
| JRZE.L | LEER.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 6.11% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 16.92% | -5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 20.95% | -6.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 23.41% | -4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 22.18% | -3.05% |
JRZE.L vs. LEER.DE - Expense Ratio Comparison
JRZE.L has a 0.25% expense ratio, which is lower than LEER.DE's 0.50% expense ratio.
Dividends
JRZE.L vs. LEER.DE - Dividend Comparison
Neither JRZE.L nor LEER.DE has paid dividends to shareholders.
Frequently Asked Questions
JRZE.L and LEER.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRZE.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRZE.L is cheaper with a 0.25% expense ratio, compared with 0.50% for LEER.DE.
JRZE.L is categorized as Europe Equities, while LEER.DE is Emerging Markets Equities. JRZE.L tracks MSCI EMU NR EUR, while LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index. They also come from different issuers: JPMorgan and Amundi. Their fees differ too: 0.25% for JRZE.L and 0.50% for LEER.DE.
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