LEER.DE vs. FLXE.DE
LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) and FLXE.DE (Franklin Emerging Markets UCITS ETF) are both Emerging Markets Equities funds - LEER.DE tracks the MSCI Emerging Markets Eastern Europe ex Russia Index while FLXE.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, LEER.DE returned 16.61%/yr vs 7.69%/yr for FLXE.DE. A 0.54 correlation means they provide meaningful diversification when combined. LEER.DE charges 0.50%/yr vs 0.45%/yr for FLXE.DE.
Performance
LEER.DE vs. FLXE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LEER.DE achieves a 18.03% return, which is significantly higher than FLXE.DE's 16.10% 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%
FLXE.DE
- 1D
- -0.62%
- 1M
- 1.42%
- YTD
- 16.10%
- 6M
- 17.14%
- 1Y
- 30.17%
- 3Y*
- 15.92%
- 5Y*
- 7.69%
- 10Y*
- —
LEER.DE vs. FLXE.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% | 0.44% |
FLXE.DE Franklin Emerging Markets UCITS ETF | 16.10% | 13.48% | 13.20% | 8.82% | -14.02% | 16.09% | -8.15% | 15.51% | -7.66% | 2.87% |
Correlation
The correlation between LEER.DE and FLXE.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2017 | 0.54 |
The correlation between LEER.DE and FLXE.DE has been stable across timeframes, ranging from 0.49 to 0.54 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LEER.DE vs. FLXE.DE — Risk / Return Rank
LEER.DE
FLXE.DE
LEER.DE vs. FLXE.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 Franklin Emerging Markets UCITS ETF (FLXE.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 | FLXE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.42 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 3.58 | +0.66 |
| Martin ratioReturn relative to average drawdown | 11.61 | 12.18 | -0.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LEER.DE | FLXE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 2.30 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.56 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.36 | -0.25 |
Drawdowns
LEER.DE vs. FLXE.DE - Drawdown Comparison
The maximum LEER.DE drawdown since its inception was -72.16%, which is greater than FLXE.DE's maximum drawdown of -32.87%. Use the drawdown chart below to compare losses from any high point for LEER.DE and FLXE.DE.
Loading charts...
Drawdown Indicators
| LEER.DE | FLXE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.16% | -32.87% | -39.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -8.39% | -1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -14.16% | -1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -43.49% | -18.56% | -24.93% |
Max Drawdown (10Y)Largest decline over 10 years | -48.74% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -1.81% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -33.44% | -7.16% | -26.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 2.47% | +1.16% |
Volatility
LEER.DE vs. FLXE.DE - Volatility Comparison
Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) has a higher volatility of 6.19% compared to Franklin Emerging Markets UCITS ETF (FLXE.DE) at 5.11%. This indicates that LEER.DE's price experiences larger fluctuations and is considered to be riskier than FLXE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LEER.DE | FLXE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 5.11% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.81% | 10.96% | +5.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.00% | 13.04% | +7.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.00% | 13.69% | +9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.97% | 16.06% | +5.91% |
LEER.DE vs. FLXE.DE - Expense Ratio Comparison
LEER.DE has a 0.50% expense ratio, which is higher than FLXE.DE's 0.45% expense ratio.
Dividends
LEER.DE vs. FLXE.DE - Dividend Comparison
Neither LEER.DE nor FLXE.DE has paid dividends to shareholders.
Frequently Asked Questions
LEER.DE and FLXE.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXE.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXE.DE is cheaper with a 0.45% expense ratio, compared with 0.50% for LEER.DE.
LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index, while FLXE.DE tracks MSCI EM NR USD. They also come from different issuers: Amundi and Franklin Templeton. Their fees differ too: 0.50% for LEER.DE and 0.45% for FLXE.DE.
Find the right allocation for LEER.DE and FLXE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer