SPGP.L vs. LEER.DE
SPGP.L (iShares Gold Producers UCITS ETF) and LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) are both exchange-traded funds - SPGP.L is a Precious Metals fund tracking the EMIX Global Mining Global Gold TR USD, while LEER.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Eastern Europe ex Russia Index. Both are passively managed. Over the past 10 years, SPGP.L returned 13.80%/yr vs 12.62%/yr for LEER.DE. At a 0.21 correlation, their price movements are largely independent. SPGP.L charges 0.55%/yr vs 0.50%/yr for LEER.DE.
Performance
SPGP.L vs. LEER.DE - Performance Comparison
Loading charts...
Different Trading Currencies
SPGP.L is traded in GBp, while LEER.DE is traded in EUR. To make them comparable, the LEER.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPGP.L achieves a -5.80% return, which is significantly lower than LEER.DE's 18.65% return. Over the past 10 years, SPGP.L has outperformed LEER.DE with an annualized return of 13.80%, while LEER.DE has yielded a comparatively lower 12.62% annualized return.
SPGP.L
- 1D
- 5.49%
- 1M
- -16.05%
- YTD
- -5.80%
- 6M
- -4.88%
- 1Y
- 52.23%
- 3Y*
- 36.39%
- 5Y*
- 18.46%
- 10Y*
- 13.80%
LEER.DE
- 1D
- 3.15%
- 1M
- 4.63%
- YTD
- 18.65%
- 6M
- 22.25%
- 1Y
- 48.33%
- 3Y*
- 31.96%
- 5Y*
- 17.32%
- 10Y*
- 12.62%
SPGP.L vs. LEER.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGP.L iShares Gold Producers UCITS ETF | -5.80% | 137.41% | 12.81% | 3.72% | -0.45% | -9.15% | 19.43% | 41.00% | -4.37% | -2.80% |
LEER.DE Amundi MSCI Eastern Europe Ex Russia UCITS ETF | 18.65% | 61.96% | -0.41% | 38.88% | -16.86% | 11.92% | -13.81% | -3.97% | -7.08% | 36.17% |
Correlation
The correlation between SPGP.L and LEER.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2011 | 0.21 |
The correlation between SPGP.L and LEER.DE shifts across timeframes, from 0.21 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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
SPGP.L vs. LEER.DE — Risk / Return Rank
SPGP.L
LEER.DE
SPGP.L vs. LEER.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (SPGP.L) and Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.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.
| SPGP.L | LEER.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 5.10 | -3.56 |
| Martin ratioReturn relative to average drawdown | 4.40 | 13.52 | -9.12 |
Loading charts...
Drawdowns
SPGP.L vs. LEER.DE - Drawdown Comparison
The maximum SPGP.L drawdown since its inception was -86.56%, which is greater than LEER.DE's maximum drawdown of -65.08%. Use the drawdown chart below to compare losses from any high point for SPGP.L and LEER.DE.
Loading charts...
Drawdown Indicators
| SPGP.L | LEER.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.56% | -65.08% | -21.48% |
Max Drawdown (1Y)Largest decline over 1 year | -33.69% | -9.43% | -24.26% |
Max Drawdown (3Y)Largest decline over 3 years | -33.69% | -13.65% | -20.04% |
Max Drawdown (5Y)Largest decline over 5 years | -34.81% | -41.90% | +7.09% |
Max Drawdown (10Y)Largest decline over 10 years | -43.71% | -48.43% | +4.72% |
Current DrawdownCurrent decline from peak | -29.46% | -0.10% | -29.36% |
Average DrawdownAverage peak-to-trough decline | -60.25% | -24.06% | -36.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.81% | 3.56% | +8.25% |
Volatility
SPGP.L vs. LEER.DE - Volatility Comparison
iShares Gold Producers UCITS ETF (SPGP.L) has a higher volatility of 13.22% compared to Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) at 6.44%. This indicates that SPGP.L's price experiences larger fluctuations and is considered to be riskier than LEER.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPGP.L | LEER.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.22% | 6.44% | +6.78% |
Volatility (6M)Calculated over the trailing 6-month period | 33.40% | 17.43% | +15.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.37% | 21.28% | +20.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.91% | 23.49% | +11.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.95% | 22.10% | +11.85% |
SPGP.L vs. LEER.DE - Expense Ratio Comparison
SPGP.L has a 0.55% expense ratio, which is higher than LEER.DE's 0.50% expense ratio.
Dividends
SPGP.L vs. LEER.DE - Dividend Comparison
Neither SPGP.L nor LEER.DE has paid dividends to shareholders.
Frequently Asked Questions
SPGP.L and LEER.DE have a correlation of 0.37, 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 0.55% for SPGP.L.
SPGP.L is categorized as Precious Metals, while LEER.DE is Emerging Markets Equities. SPGP.L tracks EMIX Global Mining Global Gold TR USD, while LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.55% for SPGP.L and 0.50% for LEER.DE.
Find the right allocation for SPGP.L and LEER.DE
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