LEER.DE vs. H41E.DE
LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) and H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - LEER.DE tracks the MSCI Emerging Markets Eastern Europe ex Russia Index while H41E.DE tracks the MSCI Emerging Markets Value SRI ESG Target Select. Both are passively managed. Over the past 3 years, LEER.DE returned 31.18%/yr vs 27.78%/yr for H41E.DE. At a 0.46 correlation, their price movements are largely independent. LEER.DE charges 0.50%/yr vs 0.35%/yr for H41E.DE.
Performance
LEER.DE vs. H41E.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 H41E.DE's 39.52% 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%
H41E.DE
- 1D
- -1.46%
- 1M
- 11.44%
- YTD
- 39.52%
- 6M
- 42.99%
- 1Y
- 69.89%
- 3Y*
- 27.78%
- 5Y*
- —
- 10Y*
- —
LEER.DE vs. H41E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LEER.DE Amundi MSCI Eastern Europe Ex Russia UCITS ETF | 18.03% | 53.92% | 4.11% | 41.71% | 4.25% |
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 39.52% | 22.02% | 17.74% | 11.43% | -2.00% |
Correlation
The correlation between LEER.DE and H41E.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.46 |
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Return for Risk
LEER.DE vs. H41E.DE — Risk / Return Rank
LEER.DE
H41E.DE
LEER.DE vs. H41E.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 Value ESG UCITS ETF USD (Acc) (H41E.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 | H41E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.69 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 7.09 | -2.85 |
| Martin ratioReturn relative to average drawdown | 11.61 | 25.00 | -13.39 |
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 | H41E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 3.91 | -1.91 |
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 | 1.56 | -1.44 |
Drawdowns
LEER.DE vs. H41E.DE - Drawdown Comparison
The maximum LEER.DE drawdown since its inception was -72.16%, which is greater than H41E.DE's maximum drawdown of -20.92%. Use the drawdown chart below to compare losses from any high point for LEER.DE and H41E.DE.
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Drawdown Indicators
| LEER.DE | H41E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.16% | -20.92% | -51.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -9.80% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -20.92% | +5.07% |
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% | -3.33% | +2.49% |
Average DrawdownAverage peak-to-trough decline | -33.44% | -3.10% | -30.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 2.79% | +0.84% |
Volatility
LEER.DE vs. H41E.DE - Volatility Comparison
The current volatility for Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) is 6.19%, while HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) has a volatility of 7.97%. This indicates that LEER.DE experiences smaller price fluctuations and is considered to be less risky than H41E.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 | H41E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 7.97% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 16.81% | 14.66% | +2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.00% | 17.80% | +3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.00% | 16.06% | +6.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.97% | 16.06% | +5.91% |
LEER.DE vs. H41E.DE - Expense Ratio Comparison
LEER.DE has a 0.50% expense ratio, which is higher than H41E.DE's 0.35% expense ratio.
Dividends
LEER.DE vs. H41E.DE - Dividend Comparison
Neither LEER.DE nor H41E.DE has paid dividends to shareholders.
Frequently Asked Questions
LEER.DE and H41E.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H41E.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H41E.DE is cheaper with a 0.35% expense ratio, compared with 0.50% for LEER.DE.
LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index, while H41E.DE tracks MSCI Emerging Markets Value SRI ESG Target Select. They also come from different issuers: Amundi and HSBC. Their fees differ too: 0.50% for LEER.DE and 0.35% for H41E.DE.
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