LEER.DE vs. FVEM.DE
LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) and FVEM.DE (Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation) are both Emerging Markets Equities funds - LEER.DE tracks the MSCI Emerging Markets Eastern Europe ex Russia Index while FVEM.DE tracks the MSCI Emerging Markets Climate Paris Aligned. Both are passively managed. Over the past 3 years, LEER.DE returned 31.18%/yr vs 18.13%/yr for FVEM.DE. At a 0.49 correlation, their price movements are largely independent. LEER.DE charges 0.50%/yr vs 0.18%/yr for FVEM.DE.
Performance
LEER.DE vs. FVEM.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 FVEM.DE's 25.43% 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%
FVEM.DE
- 1D
- -1.33%
- 1M
- 4.58%
- YTD
- 25.43%
- 6M
- 27.21%
- 1Y
- 47.18%
- 3Y*
- 18.13%
- 5Y*
- —
- 10Y*
- —
LEER.DE vs. FVEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LEER.DE Amundi MSCI Eastern Europe Ex Russia UCITS ETF | 18.03% | 53.92% | 4.11% | 36.24% |
FVEM.DE Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation | 25.43% | 17.23% | 13.32% | 0.60% |
Correlation
The correlation between LEER.DE and FVEM.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2023 | 0.49 |
The correlation between LEER.DE and FVEM.DE has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.
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Return for Risk
LEER.DE vs. FVEM.DE — Risk / Return Rank
LEER.DE
FVEM.DE
LEER.DE vs. FVEM.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 MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.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 | FVEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.47 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 4.42 | -0.19 |
| Martin ratioReturn relative to average drawdown | 11.61 | 16.79 | -5.19 |
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 | FVEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 2.66 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
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 | 1.08 | -0.96 |
Drawdowns
LEER.DE vs. FVEM.DE - Drawdown Comparison
The maximum LEER.DE drawdown since its inception was -72.16%, which is greater than FVEM.DE's maximum drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for LEER.DE and FVEM.DE.
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Drawdown Indicators
| LEER.DE | FVEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.16% | -18.76% | -53.40% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -10.62% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -18.76% | +2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -43.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.74% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -2.08% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -33.44% | -3.46% | -29.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 2.80% | +0.83% |
Volatility
LEER.DE vs. FVEM.DE - Volatility Comparison
The current volatility for Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) is 6.19%, while Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.DE) has a volatility of 7.26%. This indicates that LEER.DE experiences smaller price fluctuations and is considered to be less risky than FVEM.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 | FVEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 7.26% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 16.81% | 14.82% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.00% | 17.67% | +3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.00% | 16.04% | +6.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.97% | 16.04% | +5.93% |
LEER.DE vs. FVEM.DE - Expense Ratio Comparison
LEER.DE has a 0.50% expense ratio, which is higher than FVEM.DE's 0.18% expense ratio.
Dividends
LEER.DE vs. FVEM.DE - Dividend Comparison
Neither LEER.DE nor FVEM.DE has paid dividends to shareholders.
Frequently Asked Questions
LEER.DE and FVEM.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FVEM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FVEM.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for LEER.DE.
LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index, while FVEM.DE tracks MSCI Emerging Markets Climate Paris Aligned. They also come from different issuers: Amundi and Franklin Templeton. Their fees differ too: 0.50% for LEER.DE and 0.18% for FVEM.DE.
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