LEER.DE vs. XIEE.DE
LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) and XIEE.DE (Xtrackers MSCI Europe UCITS 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 XIEE.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 10 years, LEER.DE returned 11.69%/yr vs 10.02%/yr for XIEE.DE. A 0.56 correlation means they provide meaningful diversification when combined. LEER.DE charges 0.50%/yr vs 0.12%/yr for XIEE.DE.
Performance
LEER.DE vs. XIEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LEER.DE achieves a 19.93% return, which is significantly higher than XIEE.DE's 9.31% return. Over the past 10 years, LEER.DE has outperformed XIEE.DE with an annualized return of 11.69%, while XIEE.DE has yielded a comparatively lower 10.02% 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%
XIEE.DE
- 1D
- 1.84%
- 1M
- 4.98%
- YTD
- 9.31%
- 6M
- 11.06%
- 1Y
- 18.17%
- 3Y*
- 14.01%
- 5Y*
- 10.04%
- 10Y*
- 10.02%
LEER.DE vs. XIEE.DE - 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% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 9.31% | 20.33% | 8.08% | 15.72% | -9.15% | 24.96% | -3.13% | 27.82% | -10.98% | 10.20% |
Correlation
The correlation between LEER.DE and XIEE.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.56 |
The correlation between LEER.DE and XIEE.DE has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.
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Return for Risk
LEER.DE vs. XIEE.DE — Risk / Return Rank
LEER.DE
XIEE.DE
LEER.DE vs. XIEE.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 Xtrackers MSCI Europe UCITS ETF (XIEE.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 | XIEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.25 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 1.80 | +2.83 |
| Martin ratioReturn relative to average drawdown | 12.70 | 7.32 | +5.38 |
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Drawdowns
LEER.DE vs. XIEE.DE - Drawdown Comparison
The maximum LEER.DE drawdown since its inception was -69.75%, which is greater than XIEE.DE's maximum drawdown of -35.52%. Use the drawdown chart below to compare losses from any high point for LEER.DE and XIEE.DE.
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Drawdown Indicators
| LEER.DE | XIEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.75% | -35.52% | -34.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -10.03% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -15.85% | -16.52% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -43.51% | -19.30% | -24.21% |
Max Drawdown (10Y)Largest decline over 10 years | -48.74% | -35.52% | -13.22% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -30.47% | -7.24% | -23.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 2.48% | +1.15% |
Volatility
LEER.DE vs. XIEE.DE - Volatility Comparison
Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) has a higher volatility of 6.57% compared to Xtrackers MSCI Europe UCITS ETF (XIEE.DE) at 4.10%. This indicates that LEER.DE's price experiences larger fluctuations and is considered to be riskier than XIEE.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 | XIEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.57% | 4.10% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 17.34% | 11.65% | +5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.36% | 13.69% | +7.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.08% | 14.30% | +8.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.85% | 17.60% | +4.25% |
LEER.DE vs. XIEE.DE - Expense Ratio Comparison
LEER.DE has a 0.50% expense ratio, which is higher than XIEE.DE's 0.12% expense ratio.
Dividends
LEER.DE vs. XIEE.DE - Dividend Comparison
LEER.DE has not paid dividends to shareholders, while XIEE.DE's dividend yield for the trailing twelve months is around 2.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 2.39% | 2.49% | 3.26% | 2.85% | 5.70% | 1.50% | 3.74% | 0.30% | 3.19% | 0.92% | 0.09% |
Frequently Asked Questions
LEER.DE and XIEE.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIEE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIEE.DE is cheaper with a 0.12% expense ratio, compared with 0.50% for LEER.DE.
LEER.DE is categorized as Emerging Markets Equities, while XIEE.DE is Europe Equities. LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index, while XIEE.DE tracks MSCI Europe. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.50% for LEER.DE and 0.12% for XIEE.DE.
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