LEER.DE vs. UETE.DE
LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - LEER.DE tracks the MSCI Emerging Markets Eastern Europe ex Russia Index while UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 5 years, LEER.DE returned 17.83%/yr vs 9.13%/yr for UETE.DE. A 0.52 correlation means they provide meaningful diversification when combined. LEER.DE charges 0.50%/yr vs 0.24%/yr for UETE.DE.
Performance
LEER.DE vs. UETE.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 UETE.DE's 30.14% 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%
UETE.DE
- 1D
- -0.15%
- 1M
- -5.30%
- 6M
- 25.20%
- YTD
- 30.14%
- 1Y
- 47.10%
- 3Y*
- 22.81%
- 5Y*
- 9.13%
- 10Y*
- —
LEER.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LEER.DE Amundi MSCI Eastern Europe Ex Russia UCITS ETF | 21.43% | 53.95% | 4.13% | 41.71% | -21.18% | 20.41% | -18.42% | -1.32% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 30.14% | 21.01% | 16.13% | 2.59% | -15.04% | 7.14% | 5.67% | -5.92% |
Correlation
The correlation between LEER.DE and UETE.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.52 |
The correlation between LEER.DE and UETE.DE has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.
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Return for Risk
LEER.DE vs. UETE.DE — Risk / Return Rank
LEER.DE
UETE.DE
LEER.DE vs. UETE.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 UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.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 | UETE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 4.97 | -0.93 |
| Martin ratioReturn relative to average drawdown | 10.84 | 14.15 | -3.31 |
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Drawdowns
LEER.DE vs. UETE.DE - Drawdown Comparison
The maximum LEER.DE drawdown since its inception was -69.75%, which is greater than UETE.DE's maximum drawdown of -39.65%. Use the drawdown chart below to compare losses from any high point for LEER.DE and UETE.DE.
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Drawdown Indicators
| LEER.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.75% | -39.65% | -30.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -9.43% | -0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -20.18% | +4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -43.51% | -23.78% | -19.73% |
Max Drawdown (10Y)Largest decline over 10 years | -48.74% | — | — |
Current DrawdownCurrent decline from peak | -0.60% | -8.62% | +8.02% |
Average DrawdownAverage peak-to-trough decline | -30.33% | -11.47% | -18.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 3.32% | +0.39% |
Volatility
LEER.DE vs. UETE.DE - Volatility Comparison
The current volatility for Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) is 4.77%, while UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) has a volatility of 8.53%. This indicates that LEER.DE experiences smaller price fluctuations and is considered to be less risky than UETE.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 | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 8.53% | -3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 17.18% | 18.33% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.03% | 20.94% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.12% | 18.49% | +4.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 21.14% | +0.58% |
LEER.DE vs. UETE.DE - Expense Ratio Comparison
LEER.DE has a 0.50% expense ratio, which is higher than UETE.DE's 0.24% expense ratio.
Dividends
LEER.DE vs. UETE.DE - Dividend Comparison
Neither LEER.DE nor UETE.DE has paid dividends to shareholders.
Frequently Asked Questions
LEER.DE and UETE.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UETE.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETE.DE is cheaper with a 0.24% expense ratio, compared with 0.50% for LEER.DE.
LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index, while UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.50% for LEER.DE and 0.24% for UETE.DE.
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