LEAD.DE vs. ED3F.DE

Last updated Jun 5, 2026

LEAD.DE (Amundi MSCI Europe ESG Leaders UCITS ETF Acc) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - LEAD.DE is a Europe Equities fund tracking the MSCI Europe ESG Leaders, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, LEAD.DE returned 16.87% vs -1.88% for ED3F.DE. At a 0.24 correlation, their price movements are largely independent. LEAD.DE charges 0.20%/yr vs 0.40%/yr for ED3F.DE.

Performance

LEAD.DE vs. ED3F.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI Europe ESG Leaders UCITS ETF Acc (LEAD.DE) and Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LEAD.DE achieves a 9.44% return, which is significantly higher than ED3F.DE's 0.02% return.

LEAD.DE

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

ED3F.DE

• 1D: -0.42%
• 1M: -8.21%
• YTD: 0.02%
• 6M: 4.46%
• 1Y: -1.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LEAD.DE vs. ED3F.DE - Yearly Performance Comparison

	2026 (YTD)	2025
LEAD.DE Amundi MSCI Europe ESG Leaders UCITS ETF Acc	9.44%	6.92%
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating	0.02%	4.82%

Correlation

The correlation between LEAD.DE and ED3F.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since May 23, 2025	0.24

Return for Risk

LEAD.DE vs. ED3F.DE — Risk / Return Rank

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

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

ED3F.DE

ED3F.DE Risk / Return Rank: 9
ED3F.DE Sharpe Ratio Rank: 8
ED3F.DE Sortino Ratio Rank: 9
ED3F.DE Omega Ratio Rank: 9
ED3F.DE Calmar Ratio Rank: 8
ED3F.DE Martin Ratio Rank: 8

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.

LEAD.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe ESG Leaders UCITS ETF Acc (LEAD.DE) and Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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.

	LEAD.DE	ED3F.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.22	-0.06	+1.28
Sortino ratio: Return per unit of downside risk	1.82	0.13	+1.69
Omega ratio: Gain probability vs. loss probability	1.23	1.01	+0.21
Calmar ratio: Return relative to maximum drawdown	1.61	-0.08	+1.69
Martin ratio: Return relative to average drawdown	6.00	-0.18	+6.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEAD.DE vs. ED3F.DE - Sharpe Ratio Comparison

The current LEAD.DE Sharpe Ratio is 1.22, which is higher than the ED3F.DE Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of LEAD.DE and ED3F.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

	LEAD.DE	ED3F.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	-0.06	+1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.15	+0.57

Drawdowns

LEAD.DE vs. ED3F.DE - Drawdown Comparison

The maximum LEAD.DE drawdown since its inception was -21.53%, smaller than the maximum ED3F.DE drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for LEAD.DE and ED3F.DE.

Drawdown Indicators

	LEAD.DE	ED3F.DE	Difference
Max Drawdown Largest peak-to-trough decline	-21.53%	-23.91%	+2.38%
Max Drawdown (1Y) Largest decline over 1 year	-10.43%	-23.91%	+13.48%
Max Drawdown (3Y) Largest decline over 3 years	-16.59%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.53%	—	—
Current Drawdown Current decline from peak	-1.11%	-20.80%	+19.69%
Average Drawdown Average peak-to-trough decline	-4.13%	-8.37%	+4.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	10.25%	-7.44%

Volatility

LEAD.DE vs. ED3F.DE - Volatility Comparison

The current volatility for Amundi MSCI Europe ESG Leaders UCITS ETF Acc (LEAD.DE) is 4.67%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that LEAD.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEAD.DE	ED3F.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	10.58%	-5.91%
Volatility (6M) Calculated over the trailing 6-month period	11.36%	22.80%	-11.44%
Volatility (1Y) Calculated over the trailing 1-year period	13.78%	30.60%	-16.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.65%	30.42%	-15.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.47%	30.42%	-15.95%

LEAD.DE vs. ED3F.DE - Expense Ratio Comparison

LEAD.DE has a 0.20% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.

Dividends

LEAD.DE vs. ED3F.DE - Dividend Comparison

Neither LEAD.DE nor ED3F.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LEAD.DE and ED3F.DE in my portfolio?

LEAD.DE and ED3F.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LEAD.DE or ED3F.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, LEAD.DE or ED3F.DE?

LEAD.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for ED3F.DE.

What is the main difference between LEAD.DE and ED3F.DE?

LEAD.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. LEAD.DE tracks MSCI Europe ESG Leaders, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: Amundi and Global X. Their fees differ too: 0.20% for LEAD.DE and 0.40% for ED3F.DE.