AMEW.DE vs. LYQ2.DE

Last updated Jun 5, 2026

AMEW.DE (Amundi MSCI World UCITS ETF EUR) and LYQ2.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Acc) are both exchange-traded funds - AMEW.DE is a Global Equities fund tracking the MSCI World, while LYQ2.DE is a European Government Bonds fund tracking the Bloomberg Euro Treasury 50bn 1-3 Year Bond. Both are passively managed. Over the past 10 years, AMEW.DE returned 12.59%/yr vs 0.10%/yr for LYQ2.DE. At a 0.09 correlation, their price movements are largely independent. AMEW.DE charges 0.38%/yr vs 0.17%/yr for LYQ2.DE.

Performance

AMEW.DE vs. LYQ2.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI World UCITS ETF EUR (AMEW.DE) and Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMEW.DE achieves a 10.74% return, which is significantly higher than LYQ2.DE's 0.02% return. Over the past 10 years, AMEW.DE has outperformed LYQ2.DE with an annualized return of 12.59%, while LYQ2.DE has yielded a comparatively lower 0.10% annualized return.

AMEW.DE

• 1D: -0.03%
• 1M: 4.92%
• YTD: 10.74%
• 6M: 11.18%
• 1Y: 23.45%
• 3Y*: 17.26%
• 5Y*: 12.62%
• 10Y*: 12.59%

LYQ2.DE

• 1D: 0.02%
• 1M: 0.21%
• YTD: 0.02%
• 6M: 0.09%
• 1Y: 0.71%
• 3Y*: 2.54%
• 5Y*: 0.55%
• 10Y*: 0.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMEW.DE vs. LYQ2.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMEW.DE Amundi MSCI World UCITS ETF EUR	10.74%	7.42%	25.77%	19.94%	-13.88%	32.66%	5.32%	31.10%	-5.22%	7.54%
LYQ2.DE Amundi Euro Government Bond 1-3Y UCITS ETF Acc	0.02%	2.14%	2.96%	3.27%	-4.97%	-0.84%	-0.20%	-0.12%	-0.45%	-0.63%

Correlation

The correlation between AMEW.DE and LYQ2.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Feb 6, 2012	0.09

The correlation between AMEW.DE and LYQ2.DE shifts across timeframes, from 0.06 (10 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AMEW.DE vs. LYQ2.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AMEW.DE

AMEW.DE Risk / Return Rank: 68
AMEW.DE Sharpe Ratio Rank: 64
AMEW.DE Sortino Ratio Rank: 65
AMEW.DE Omega Ratio Rank: 67
AMEW.DE Calmar Ratio Rank: 72
AMEW.DE Martin Ratio Rank: 75

LYQ2.DE

LYQ2.DE Risk / Return Rank: 18
LYQ2.DE Sharpe Ratio Rank: 19
LYQ2.DE Sortino Ratio Rank: 17
LYQ2.DE Omega Ratio Rank: 18
LYQ2.DE Calmar Ratio Rank: 16
LYQ2.DE Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMEW.DE vs. LYQ2.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World UCITS ETF EUR (AMEW.DE) and Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.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.

	AMEW.DE	LYQ2.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.10	0.56	+1.54
Sortino ratio: Return per unit of downside risk	2.94	0.84	+2.11
Omega ratio: Gain probability vs. loss probability	1.39	1.11	+0.29
Calmar ratio: Return relative to maximum drawdown	3.54	0.58	+2.96
Martin ratio: Return relative to average drawdown	13.99	1.82	+12.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AMEW.DE vs. LYQ2.DE - Sharpe Ratio Comparison

The current AMEW.DE Sharpe Ratio is 2.10, which is higher than the LYQ2.DE Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of AMEW.DE and LYQ2.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AMEW.DE	LYQ2.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	0.56	+1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.33	+0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.07	+0.76
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.88	-0.01

Drawdowns

AMEW.DE vs. LYQ2.DE - Drawdown Comparison

The maximum AMEW.DE drawdown since its inception was -33.73%, which is greater than LYQ2.DE's maximum drawdown of -7.75%. Use the drawdown chart below to compare losses from any high point for AMEW.DE and LYQ2.DE.

Drawdown Indicators

	AMEW.DE	LYQ2.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.73%	-7.75%	-25.98%
Max Drawdown (1Y) Largest decline over 1 year	-6.61%	-1.22%	-5.39%
Max Drawdown (3Y) Largest decline over 3 years	-21.69%	-1.22%	-20.47%
Max Drawdown (5Y) Largest decline over 5 years	-21.69%	-6.02%	-15.67%
Max Drawdown (10Y) Largest decline over 10 years	-33.73%	-7.75%	-25.98%
Current Drawdown Current decline from peak	-0.31%	-0.55%	+0.24%
Average Drawdown Average peak-to-trough decline	-4.29%	-1.30%	-2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	0.39%	+1.28%

Volatility

AMEW.DE vs. LYQ2.DE - Volatility Comparison

Amundi MSCI World UCITS ETF EUR (AMEW.DE) has a higher volatility of 2.60% compared to Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) at 0.55%. This indicates that AMEW.DE's price experiences larger fluctuations and is considered to be riskier than LYQ2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AMEW.DE	LYQ2.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.60%	0.55%	+2.05%
Volatility (6M) Calculated over the trailing 6-month period	7.64%	1.14%	+6.50%
Volatility (1Y) Calculated over the trailing 1-year period	11.11%	1.26%	+9.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.16%	1.65%	+12.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.03%	1.31%	+13.72%

AMEW.DE vs. LYQ2.DE - Expense Ratio Comparison

AMEW.DE has a 0.38% expense ratio, which is higher than LYQ2.DE's 0.17% expense ratio.

Dividends

AMEW.DE vs. LYQ2.DE - Dividend Comparison

Neither AMEW.DE nor LYQ2.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AMEW.DE and LYQ2.DE in my portfolio?

AMEW.DE and LYQ2.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMEW.DE or LYQ2.DE?

On fees, LYQ2.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMEW.DE or LYQ2.DE?

LYQ2.DE is cheaper with a 0.17% expense ratio, compared with 0.38% for AMEW.DE.

What is the main difference between AMEW.DE and LYQ2.DE?

AMEW.DE is categorized as Global Equities, while LYQ2.DE is European Government Bonds. AMEW.DE tracks MSCI World, while LYQ2.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond. Their fees differ too: 0.38% for AMEW.DE and 0.17% for LYQ2.DE.