VVMX.DE vs. LEER.DE
VVMX.DE (VanEck Rare Earth and Strategic Metals UCITS ETF A) and LEER.DE (Amundi MSCI Eastern Europe Ex Russia UCITS ETF) are both exchange-traded funds - VVMX.DE is a Commodity Producers Equities fund tracking the MVIS Global Rare Earth/Strategic Metals, 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 3 years, VVMX.DE returned 3.35%/yr vs 31.60%/yr for LEER.DE. At a 0.39 correlation, their price movements are largely independent. VVMX.DE charges 0.59%/yr vs 0.50%/yr for LEER.DE.
Performance
VVMX.DE vs. LEER.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VVMX.DE achieves a 30.24% return, which is significantly higher than LEER.DE's 19.93% return.
VVMX.DE
- 1D
- -1.82%
- 1M
- -9.18%
- YTD
- 30.24%
- 6M
- 37.51%
- 1Y
- 146.32%
- 3Y*
- 3.35%
- 5Y*
- —
- 10Y*
- —
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%
VVMX.DE vs. LEER.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 30.24% | 68.45% | -30.81% | -21.17% | -26.46% | 16.96% |
LEER.DE Amundi MSCI Eastern Europe Ex Russia UCITS ETF | 19.93% | 53.95% | 4.13% | 41.71% | -21.18% | 1.28% |
Correlation
The correlation between VVMX.DE and LEER.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.39 |
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Return for Risk
VVMX.DE vs. LEER.DE — Risk / Return Rank
VVMX.DE
LEER.DE
VVMX.DE vs. LEER.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.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.
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.
| VVMX.DE | LEER.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 7.59 | 4.63 | +2.96 |
| Martin ratioReturn relative to average drawdown | 19.66 | 12.70 | +6.96 |
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Drawdowns
VVMX.DE vs. LEER.DE - Drawdown Comparison
The maximum VVMX.DE drawdown since its inception was -73.26%, which is greater than LEER.DE's maximum drawdown of -69.75%. Use the drawdown chart below to compare losses from any high point for VVMX.DE and LEER.DE.
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Drawdown Indicators
| VVMX.DE | LEER.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.26% | -69.75% | -3.51% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -9.92% | -10.48% |
Max Drawdown (3Y)Largest decline over 3 years | -61.55% | -15.85% | -45.70% |
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 | -25.51% | 0.00% | -25.51% |
Average DrawdownAverage peak-to-trough decline | -41.19% | -30.47% | -10.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.89% | 3.63% | +4.26% |
Volatility
VVMX.DE vs. LEER.DE - Volatility Comparison
VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) has a higher volatility of 12.59% compared to Amundi MSCI Eastern Europe Ex Russia UCITS ETF (LEER.DE) at 6.57%. This indicates that VVMX.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
| VVMX.DE | LEER.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.59% | 6.57% | +6.02% |
Volatility (6M)Calculated over the trailing 6-month period | 32.22% | 17.34% | +14.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.13% | 21.36% | +24.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.36% | 23.08% | +13.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.36% | 21.85% | +14.51% |
VVMX.DE vs. LEER.DE - Expense Ratio Comparison
VVMX.DE has a 0.59% expense ratio, which is higher than LEER.DE's 0.50% expense ratio.
Dividends
VVMX.DE vs. LEER.DE - Dividend Comparison
Neither VVMX.DE nor LEER.DE has paid dividends to shareholders.
Frequently Asked Questions
VVMX.DE and LEER.DE have a correlation of 0.36, 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 0.59% for VVMX.DE.
VVMX.DE is categorized as Commodity Producers Equities, while LEER.DE is Emerging Markets Equities. VVMX.DE tracks MVIS Global Rare Earth/Strategic Metals, while LEER.DE tracks MSCI Emerging Markets Eastern Europe ex Russia Index. They also come from different issuers: VanEck and Amundi. Their fees differ too: 0.59% for VVMX.DE and 0.50% for LEER.DE.
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