LEER.DE vs. JRZE.L
LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) and JRZE.L (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)) are both exchange-traded funds - LEER.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Eastern Europe ex Russia Index, while JRZE.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 3 years, LEER.DE returned 31.60%/yr vs 15.01%/yr for JRZE.L. A 0.60 correlation means they provide meaningful diversification when combined. LEER.DE charges 0.50%/yr vs 0.25%/yr for JRZE.L.
Performance
LEER.DE vs. JRZE.L - Performance Comparison
Loading charts...
Different Trading Currencies
LEER.DE is traded in EUR, while JRZE.L is traded in GBp. To make them comparable, the JRZE.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 JRZE.L's 8.93% 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%
JRZE.L
- 1D
- 0.00%
- 1M
- 4.00%
- YTD
- 8.93%
- 6M
- 10.37%
- 1Y
- 18.35%
- 3Y*
- 15.01%
- 5Y*
- —
- 10Y*
- —
LEER.DE vs. JRZE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LEER.DE Amundi MSCI Eastern Europe Ex Russia UCITS ETF | 19.93% | 53.95% | 4.13% | 41.71% | -6.46% |
JRZE.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) | 8.93% | 23.16% | 8.33% | 20.32% | -14.03% |
Correlation
The correlation between LEER.DE and JRZE.L is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2022 | 0.60 |
The correlation between LEER.DE and JRZE.L has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
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. JRZE.L — Risk / Return Rank
LEER.DE
JRZE.L
LEER.DE vs. JRZE.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 JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JRZE.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 | JRZE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 1.80 | +2.84 |
| Martin ratioReturn relative to average drawdown | 12.70 | 6.56 | +6.14 |
Loading charts...
Drawdowns
LEER.DE vs. JRZE.L - Drawdown Comparison
The maximum LEER.DE drawdown since its inception was -69.75%, which is greater than JRZE.L's maximum drawdown of -27.24%. Use the drawdown chart below to compare losses from any high point for LEER.DE and JRZE.L.
Loading charts...
Drawdown Indicators
| LEER.DE | JRZE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.75% | -27.24% | -42.51% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -10.27% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -14.85% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -43.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.74% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.32% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -30.47% | -5.98% | -24.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 2.82% | +0.81% |
Volatility
LEER.DE vs. JRZE.L - Volatility Comparison
Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) has a higher volatility of 6.57% compared to JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JRZE.L) at 3.34%. This indicates that LEER.DE's price experiences larger fluctuations and is considered to be riskier than JRZE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LEER.DE | JRZE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.57% | 3.34% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 17.34% | 11.80% | +5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.36% | 14.75% | +6.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.08% | 17.63% | +5.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.85% | 17.63% | +4.22% |
LEER.DE vs. JRZE.L - Expense Ratio Comparison
LEER.DE has a 0.50% expense ratio, which is higher than JRZE.L's 0.25% expense ratio.
Dividends
LEER.DE vs. JRZE.L - Dividend Comparison
Neither LEER.DE nor JRZE.L has paid dividends to shareholders.
Frequently Asked Questions
LEER.DE and JRZE.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JRZE.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JRZE.L is cheaper with a 0.25% expense ratio, compared with 0.50% for LEER.DE.
LEER.DE is categorized as Emerging Markets Equities, while JRZE.L is Europe Equities. LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index, while JRZE.L tracks MSCI EMU NR EUR. They also come from different issuers: Amundi and JPMorgan. Their fees differ too: 0.50% for LEER.DE and 0.25% for JRZE.L.
Find the right allocation for LEER.DE and JRZE.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