LEER.DE vs. EL40.DE
LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) and EL40.DE (Deka MSCI Emerging Markets UCITS ETF ) are both Emerging Markets Equities funds - LEER.DE tracks the MSCI Emerging Markets Eastern Europe ex Russia Index while EL40.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, LEER.DE returned 10.92%/yr vs 9.07%/yr for EL40.DE. A 0.54 correlation means they provide meaningful diversification when combined. LEER.DE charges 0.50%/yr vs 0.66%/yr for EL40.DE.
Performance
LEER.DE vs. EL40.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LEER.DE achieves a 18.03% return, which is significantly lower than EL40.DE's 26.76% return. Over the past 10 years, LEER.DE has outperformed EL40.DE with an annualized return of 10.92%, while EL40.DE has yielded a comparatively lower 9.07% annualized return.
LEER.DE
- 1D
- 0.66%
- 1M
- 4.22%
- YTD
- 18.03%
- 6M
- 25.17%
- 1Y
- 42.24%
- 3Y*
- 31.18%
- 5Y*
- 16.61%
- 10Y*
- 10.92%
EL40.DE
- 1D
- -2.26%
- 1M
- 7.03%
- YTD
- 26.76%
- 6M
- 28.51%
- 1Y
- 47.85%
- 3Y*
- 19.57%
- 5Y*
- 7.38%
- 10Y*
- 9.07%
LEER.DE vs. EL40.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -8.39% | 30.82% |
EL40.DE Deka MSCI Emerging Markets UCITS ETF | 26.76% | 17.86% | 13.11% | 4.33% | -14.87% | 4.55% | 5.36% | 20.78% | -11.51% | 19.00% |
Correlation
The correlation between LEER.DE and EL40.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2010 | 0.54 |
The correlation between LEER.DE and EL40.DE shifts across timeframes, from 0.43 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LEER.DE vs. EL40.DE — Risk / Return Rank
LEER.DE
EL40.DE
LEER.DE vs. EL40.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) and Deka MSCI Emerging Markets UCITS ETF (EL40.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.
| LEER.DE | EL40.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.43 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 2.88 | +1.36 |
| Martin ratioReturn relative to average drawdown | 11.61 | 7.00 | +4.61 |
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
| LEER.DE | EL40.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.79 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.35 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.44 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.30 | -0.18 |
Drawdowns
LEER.DE vs. EL40.DE - Drawdown Comparison
The maximum LEER.DE drawdown since its inception was -72.16%, which is greater than EL40.DE's maximum drawdown of -36.65%. Use the drawdown chart below to compare losses from any high point for LEER.DE and EL40.DE.
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Drawdown Indicators
| LEER.DE | EL40.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.16% | -36.65% | -35.51% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -16.53% | +6.61% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -18.17% | +2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -43.49% | -25.06% | -18.43% |
Max Drawdown (10Y)Largest decline over 10 years | -48.74% | -31.59% | -17.15% |
Current DrawdownCurrent decline from peak | -0.84% | -3.01% | +2.17% |
Average DrawdownAverage peak-to-trough decline | -33.44% | -11.60% | -21.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 6.82% | -3.19% |
Volatility
LEER.DE vs. EL40.DE - Volatility Comparison
The current volatility for Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) is 6.19%, while Deka MSCI Emerging Markets UCITS ETF (EL40.DE) has a volatility of 8.00%. This indicates that LEER.DE experiences smaller price fluctuations and is considered to be less risky than EL40.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEER.DE | EL40.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 8.00% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 16.81% | 15.83% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.00% | 26.69% | -5.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.00% | 20.75% | +2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.97% | 20.44% | +1.53% |
LEER.DE vs. EL40.DE - Expense Ratio Comparison
LEER.DE has a 0.50% expense ratio, which is lower than EL40.DE's 0.66% expense ratio.
Dividends
LEER.DE vs. EL40.DE - Dividend Comparison
Neither LEER.DE nor EL40.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL40.DE Deka MSCI Emerging Markets UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% | 0.00% | 0.02% | 0.00% |
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
LEER.DE and EL40.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LEER.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LEER.DE is cheaper with a 0.50% expense ratio, compared with 0.66% for EL40.DE.
LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index, while EL40.DE tracks MSCI Emerging Markets. They also come from different issuers: Amundi and Deka Investment GmbH. Their fees differ too: 0.50% for LEER.DE and 0.66% for EL40.DE.
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