LEER.DE vs. H410.DE
LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) and H410.DE (HSBC MSCI Emerging Markets UCITS ETF USD) are both Emerging Markets Equities funds - LEER.DE tracks the MSCI Emerging Markets Eastern Europe ex Russia Index while H410.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, LEER.DE returned 11.46%/yr vs 8.62%/yr for H410.DE. A 0.54 correlation means they provide meaningful diversification when combined. LEER.DE charges 0.50%/yr vs 0.15%/yr for H410.DE.
Performance
LEER.DE vs. H410.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LEER.DE achieves a 21.43% return, which is significantly lower than H410.DE's 23.59% return. Over the past 10 years, LEER.DE has outperformed H410.DE with an annualized return of 11.46%, while H410.DE has yielded a comparatively lower 8.62% annualized return.
LEER.DE
- 1D
- -0.60%
- 1M
- 1.96%
- 6M
- 16.20%
- YTD
- 21.43%
- 1Y
- 40.26%
- 3Y*
- 30.38%
- 5Y*
- 17.83%
- 10Y*
- 11.46%
H410.DE
- 1D
- -0.41%
- 1M
- -4.81%
- 6M
- 16.27%
- YTD
- 23.59%
- 1Y
- 40.06%
- 3Y*
- 19.24%
- 5Y*
- 7.58%
- 10Y*
- 8.62%
LEER.DE vs. H410.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 | 21.43% | 53.95% | 4.13% | 41.71% | -21.18% | 20.41% | -18.42% | 1.30% | -8.37% | 30.59% |
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 23.59% | 18.65% | 13.95% | 4.67% | -13.87% | 4.04% | 6.95% | 21.14% | -11.36% | 21.12% |
Correlation
The correlation between LEER.DE and H410.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2011 | 0.54 |
The correlation between LEER.DE and H410.DE has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
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Return for Risk
LEER.DE vs. H410.DE — Risk / Return Rank
LEER.DE
H410.DE
LEER.DE vs. H410.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 HSBC MSCI Emerging Markets UCITS ETF USD (H410.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LEER.DE | H410.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.36 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 3.81 | +0.23 |
| Martin ratioReturn relative to average drawdown | 10.84 | 11.69 | -0.86 |
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Drawdowns
LEER.DE vs. H410.DE - Drawdown Comparison
The maximum LEER.DE drawdown since its inception was -69.75%, which is greater than H410.DE's maximum drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for LEER.DE and H410.DE.
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Drawdown Indicators
| LEER.DE | H410.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.75% | -41.02% | -28.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -10.47% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -19.01% | +3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -43.51% | -22.77% | -20.74% |
Max Drawdown (10Y)Largest decline over 10 years | -48.74% | -31.62% | -17.12% |
Current DrawdownCurrent decline from peak | -0.60% | -7.87% | +7.27% |
Average DrawdownAverage peak-to-trough decline | -30.33% | -13.30% | -17.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 3.42% | +0.29% |
Volatility
LEER.DE vs. H410.DE - Volatility Comparison
The current volatility for Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) is 4.77%, while HSBC MSCI Emerging Markets UCITS ETF USD (H410.DE) has a volatility of 8.52%. This indicates that LEER.DE experiences smaller price fluctuations and is considered to be less risky than H410.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 | H410.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 8.52% | -3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 17.18% | 17.56% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.03% | 20.06% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.12% | 17.16% | +5.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 18.30% | +3.42% |
LEER.DE vs. H410.DE - Expense Ratio Comparison
LEER.DE has a 0.50% expense ratio, which is higher than H410.DE's 0.15% expense ratio.
Dividends
LEER.DE vs. H410.DE - Dividend Comparison
LEER.DE has not paid dividends to shareholders, while H410.DE's dividend yield for the trailing twelve months is around 1.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H410.DE HSBC MSCI Emerging Markets UCITS ETF USD | 1.65% | 2.00% | 2.40% | 2.59% | 3.11% | 2.00% | 1.69% | 2.03% | 2.20% | 1.62% | 1.71% | 2.28% |
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 H410.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H410.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H410.DE is cheaper with a 0.15% expense ratio, compared with 0.50% for LEER.DE.
LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index, while H410.DE tracks MSCI Emerging Markets. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.50% for LEER.DE and 0.15% for H410.DE.
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