SPYM.DE vs. LEER.DE
SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) and LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) are both Emerging Markets Equities funds - SPYM.DE tracks the MSCI Emerging Markets while LEER.DE tracks the MSCI Emerging Markets Eastern Europe ex Russia Index. Both are passively managed. Over the past 10 years, SPYM.DE returned 9.90%/yr vs 10.92%/yr for LEER.DE. A 0.57 correlation means they provide meaningful diversification when combined. SPYM.DE charges 0.18%/yr vs 0.50%/yr for LEER.DE.
Performance
SPYM.DE vs. LEER.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYM.DE achieves a 27.39% return, which is significantly higher than LEER.DE's 18.03% return. Over the past 10 years, SPYM.DE has underperformed LEER.DE with an annualized return of 9.90%, while LEER.DE has yielded a comparatively higher 10.92% annualized return.
SPYM.DE
- 1D
- -1.63%
- 1M
- 6.11%
- YTD
- 27.39%
- 6M
- 29.25%
- 1Y
- 50.03%
- 3Y*
- 21.15%
- 5Y*
- 8.45%
- 10Y*
- 9.90%
LEER.DE
- 1D
- 0.66%
- 1M
- 4.22%
- YTD
- 18.03%
- 6M
- 25.17%
- 1Y
- 42.24%
- 3Y*
- 31.18%
- 5Y*
- 16.61%
- 10Y*
- 10.92%
SPYM.DE vs. LEER.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.39% | 19.08% | 14.04% | 6.06% | -14.90% | 5.27% | 6.28% | 22.30% | -11.26% | 19.74% |
LEER.DE Amundi MSCI Eastern Europe Ex Russia UCITS ETF | 18.03% | 53.92% | 4.11% | 41.71% | -21.16% | 20.40% | -18.41% | 1.33% | -8.39% | 30.82% |
Correlation
The correlation between SPYM.DE and LEER.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 19, 2011 | 0.57 |
The correlation between SPYM.DE and LEER.DE has been stable across timeframes, ranging from 0.49 to 0.57 - a consistent structural relationship.
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Return for Risk
SPYM.DE vs. LEER.DE — Risk / Return Rank
SPYM.DE
LEER.DE
SPYM.DE vs. LEER.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) 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.
| SPYM.DE | LEER.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.34 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 4.24 | +0.56 |
| Martin ratioReturn relative to average drawdown | 17.28 | 11.61 | +5.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPYM.DE | LEER.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 2.00 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.71 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.50 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.12 | +0.22 |
Drawdowns
SPYM.DE vs. LEER.DE - Drawdown Comparison
The maximum SPYM.DE drawdown since its inception was -36.28%, smaller than the maximum LEER.DE drawdown of -72.16%. Use the drawdown chart below to compare losses from any high point for SPYM.DE and LEER.DE.
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Drawdown Indicators
| SPYM.DE | LEER.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.28% | -72.16% | +35.88% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -9.92% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -18.96% | -15.85% | -3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -23.86% | -43.49% | +19.63% |
Max Drawdown (10Y)Largest decline over 10 years | -31.69% | -48.74% | +17.05% |
Current DrawdownCurrent decline from peak | -2.74% | -0.84% | -1.90% |
Average DrawdownAverage peak-to-trough decline | -9.95% | -33.44% | +23.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.63% | -0.74% |
Volatility
SPYM.DE vs. LEER.DE - Volatility Comparison
SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a higher volatility of 7.34% compared to Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) at 6.19%. This indicates that SPYM.DE'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.
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Volatility by Period
| SPYM.DE | LEER.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 6.19% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 15.16% | 16.81% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.87% | 21.00% | -3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 23.00% | -6.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 21.97% | -3.57% |
SPYM.DE vs. LEER.DE - Expense Ratio Comparison
SPYM.DE has a 0.18% expense ratio, which is lower than LEER.DE's 0.50% expense ratio.
Dividends
SPYM.DE vs. LEER.DE - Dividend Comparison
Neither SPYM.DE nor LEER.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYM.DE and LEER.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYM.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for LEER.DE.
SPYM.DE tracks MSCI Emerging Markets, while LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.18% for SPYM.DE and 0.50% for LEER.DE.
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