LEER.DE vs. ICLN
LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) and ICLN (iShares Global Clean Energy ETF) are both exchange-traded funds - LEER.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Eastern Europe ex Russia Index, while ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index. Both are passively managed. Over the past 10 years, LEER.DE returned 11.69%/yr vs 11.32%/yr for ICLN. At a 0.32 correlation, their price movements are largely independent. LEER.DE charges 0.50%/yr vs 0.39%/yr for ICLN.
Performance
LEER.DE vs. ICLN - Performance Comparison
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Different Trading Currencies
LEER.DE is traded in EUR, while ICLN is traded in USD. To make them comparable, the ICLN 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 lower than ICLN's 29.29% return. Both investments have delivered pretty close results over the past 10 years, with LEER.DE having a 11.69% annualized return and ICLN not far behind at 11.32%.
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%
ICLN
- 1D
- 0.95%
- 1M
- -3.18%
- YTD
- 29.29%
- 6M
- 28.89%
- 1Y
- 61.09%
- 3Y*
- 2.84%
- 5Y*
- 0.70%
- 10Y*
- 11.32%
LEER.DE vs. ICLN - 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% |
ICLN iShares Global Clean Energy ETF | 29.29% | 29.60% | -20.81% | -22.79% | 0.43% | -18.51% | 121.89% | 47.62% | -4.76% | 6.54% |
Correlation
The correlation between LEER.DE and ICLN is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2008 | 0.32 |
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Return for Risk
LEER.DE vs. ICLN — Risk / Return Rank
LEER.DE
ICLN
LEER.DE vs. ICLN - 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 Global Clean Energy ETF (ICLN). 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 | ICLN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 3.91 | +0.72 |
| Martin ratioReturn relative to average drawdown | 12.70 | 13.46 | -0.76 |
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Drawdowns
LEER.DE vs. ICLN - Drawdown Comparison
The maximum LEER.DE drawdown since its inception was -69.75%, smaller than the maximum ICLN drawdown of -84.40%. Use the drawdown chart below to compare losses from any high point for LEER.DE and ICLN.
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Drawdown Indicators
| LEER.DE | ICLN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.75% | -84.40% | +14.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -15.69% | +5.77% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -42.73% | +26.88% |
Max Drawdown (5Y)Largest decline over 5 years | -43.51% | -57.06% | +13.55% |
Max Drawdown (10Y)Largest decline over 10 years | -48.74% | -62.76% | +14.02% |
Current DrawdownCurrent decline from peak | 0.00% | -28.84% | +28.84% |
Average DrawdownAverage peak-to-trough decline | -30.47% | -57.98% | +27.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 4.55% | -0.92% |
Volatility
LEER.DE vs. ICLN - Volatility Comparison
The current volatility for Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) is 6.57%, while iShares Global Clean Energy ETF (ICLN) has a volatility of 12.22%. This indicates that LEER.DE experiences smaller price fluctuations and is considered to be less risky than ICLN 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 | ICLN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.57% | 12.22% | -5.65% |
Volatility (6M)Calculated over the trailing 6-month period | 17.34% | 21.55% | -4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.36% | 27.08% | -5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.08% | 26.01% | -2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.85% | 26.55% | -4.70% |
LEER.DE vs. ICLN - Expense Ratio Comparison
LEER.DE has a 0.50% expense ratio, which is higher than ICLN's 0.39% expense ratio.
Dividends
LEER.DE vs. ICLN - Dividend Comparison
LEER.DE has not paid dividends to shareholders, while ICLN's dividend yield for the trailing twelve months is around 1.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 1.28% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
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 ICLN have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICLN is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICLN is cheaper with a 0.39% expense ratio, compared with 0.50% for LEER.DE.
LEER.DE is categorized as Emerging Markets Equities, while ICLN is Alternative Energy Equities. LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index, while ICLN tracks S&P Global Clean Energy Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.50% for LEER.DE and 0.39% for ICLN.
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