LEER.DE vs. IBZL.L
LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) and IBZL.L (iShares MSCI Brazil UCITS ETF (Dist)) are both exchange-traded funds - LEER.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Eastern Europe ex Russia Index, while IBZL.L is a Latin America Equities fund tracking the MSCI Brazil NR USD. Both are passively managed. Over the past 10 years, LEER.DE returned 11.69%/yr vs 7.62%/yr for IBZL.L. At a 0.38 correlation, their price movements are largely independent. LEER.DE charges 0.50%/yr vs 0.74%/yr for IBZL.L.
Performance
LEER.DE vs. IBZL.L - Performance Comparison
Loading charts...
Different Trading Currencies
LEER.DE is traded in EUR, while IBZL.L is traded in GBp. To make them comparable, the IBZL.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, LEER.DE achieves a 19.93% return, which is significantly higher than IBZL.L's 12.57% return. Over the past 10 years, LEER.DE has outperformed IBZL.L with an annualized return of 11.69%, while IBZL.L has yielded a comparatively lower 7.62% annualized return.
LEER.DE
- 1D
- 3.17%
- 1M
- 5.04%
- YTD
- 19.93%
- 6M
- 24.39%
- 1Y
- 46.18%
- 3Y*
- 31.60%
- 5Y*
- 17.19%
- 10Y*
- 11.69%
IBZL.L
- 1D
- 4.24%
- 1M
- -6.10%
- YTD
- 12.57%
- 6M
- 12.19%
- 1Y
- 31.62%
- 3Y*
- 6.37%
- 5Y*
- 6.58%
- 10Y*
- 7.62%
LEER.DE vs. IBZL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LEER.DE Amundi MSCI Eastern Europe Ex Russia UCITS ETF | 19.93% | 53.95% | 4.13% | 41.71% | -21.18% | 20.41% | -18.42% | 1.30% | -8.37% | 30.59% |
IBZL.L iShares MSCI Brazil UCITS ETF (Dist) | 12.57% | 28.87% | -23.67% | 26.35% | 21.77% | -15.53% | -21.72% | 21.77% | 1.42% | 9.80% |
Correlation
The correlation between LEER.DE and IBZL.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.38 |
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. IBZL.L — Risk / Return Rank
LEER.DE
IBZL.L
LEER.DE vs. IBZL.L - 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 iShares MSCI Brazil UCITS ETF (Dist) (IBZL.L). 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 | IBZL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.25 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 1.72 | +2.92 |
| Martin ratioReturn relative to average drawdown | 12.70 | 5.73 | +6.97 |
Loading charts...
Drawdowns
LEER.DE vs. IBZL.L - Drawdown Comparison
The maximum LEER.DE drawdown since its inception was -69.75%, roughly equal to the maximum IBZL.L drawdown of -69.25%. Use the drawdown chart below to compare losses from any high point for LEER.DE and IBZL.L.
Loading charts...
Drawdown Indicators
| LEER.DE | IBZL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.75% | -69.25% | -0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -18.34% | +8.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -27.09% | +11.24% |
Max Drawdown (5Y)Largest decline over 5 years | -43.51% | -27.73% | -15.78% |
Max Drawdown (10Y)Largest decline over 10 years | -48.74% | -52.26% | +3.52% |
Current DrawdownCurrent decline from peak | 0.00% | -14.43% | +14.43% |
Average DrawdownAverage peak-to-trough decline | -30.47% | -30.04% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 5.50% | -1.87% |
Volatility
LEER.DE vs. IBZL.L - Volatility Comparison
The current volatility for Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) is 6.57%, while iShares MSCI Brazil UCITS ETF (Dist) (IBZL.L) has a volatility of 7.25%. This indicates that LEER.DE experiences smaller price fluctuations and is considered to be less risky than IBZL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LEER.DE | IBZL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.57% | 7.25% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 17.34% | 17.80% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.36% | 21.99% | -0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.08% | 26.78% | -3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.85% | 31.74% | -9.89% |
LEER.DE vs. IBZL.L - Expense Ratio Comparison
LEER.DE has a 0.50% expense ratio, which is lower than IBZL.L's 0.74% expense ratio.
Dividends
LEER.DE vs. IBZL.L - Dividend Comparison
LEER.DE has not paid dividends to shareholders, while IBZL.L's dividend yield for the trailing twelve months is around 3.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBZL.L iShares MSCI Brazil UCITS ETF (Dist) | 3.26% | 4.32% | 6.46% | 5.44% | 13.60% | 6.32% | 1.92% | 2.53% | 2.45% | 1.46% | 1.64% | 3.54% |
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 IBZL.L have a correlation of 0.35, 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 0.74% for IBZL.L.
LEER.DE is categorized as Emerging Markets Equities, while IBZL.L is Latin America Equities. LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index, while IBZL.L tracks MSCI Brazil NR USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.50% for LEER.DE and 0.74% for IBZL.L.
Find the right allocation for LEER.DE and IBZL.L
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