ASRE.DE vs. LYQ2.DE
ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) and LYQ2.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Acc) are both European Government Bonds funds - ASRE.DE tracks the J.P. Morgan ESG EMU Government Bond IG 3-5 Year while LYQ2.DE tracks the Bloomberg Euro Treasury 50bn 1-3 Year Bond. Both are passively managed. Over the past 5 years, ASRE.DE returned -0.19%/yr vs 0.65%/yr for LYQ2.DE. Their correlation of 0.93 suggests significant overlap in exposure. ASRE.DE charges 0.15%/yr vs 0.17%/yr for LYQ2.DE.
Performance
ASRE.DE vs. LYQ2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASRE.DE achieves a 0.49% return, which is significantly higher than LYQ2.DE's 0.42% return.
ASRE.DE
- 1D
- 0.00%
- 1M
- 0.47%
- YTD
- 0.49%
- 6M
- 0.63%
- 1Y
- 1.02%
- 3Y*
- 2.96%
- 5Y*
- -0.19%
- 10Y*
- —
LYQ2.DE
- 1D
- 0.05%
- 1M
- 0.32%
- YTD
- 0.42%
- 6M
- 0.53%
- 1Y
- 1.10%
- 3Y*
- 2.73%
- 5Y*
- 0.65%
- 10Y*
- 0.14%
ASRE.DE vs. LYQ2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ASRE.DE BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF | 0.49% | 2.42% | 2.13% | 5.11% | -9.94% | -0.99% |
LYQ2.DE Amundi Euro Government Bond 1-3Y UCITS ETF Acc | 0.42% | 2.14% | 2.97% | 3.27% | -4.97% | -0.72% |
Correlation
The correlation between ASRE.DE and LYQ2.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | 0.93 |
The correlation between ASRE.DE and LYQ2.DE has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
ASRE.DE vs. LYQ2.DE — Risk / Return Rank
ASRE.DE
LYQ2.DE
ASRE.DE vs. LYQ2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.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.
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.
| ASRE.DE | LYQ2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.17 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 0.90 | -0.48 |
| Martin ratioReturn relative to average drawdown | 1.14 | 2.73 | -1.59 |
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Drawdowns
ASRE.DE vs. LYQ2.DE - Drawdown Comparison
The maximum ASRE.DE drawdown since its inception was -12.01%, 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 ASRE.DE and LYQ2.DE.
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Drawdown Indicators
| ASRE.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.01% | -7.75% | -4.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | -1.22% | -1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -2.40% | -1.22% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -12.01% | -6.02% | -5.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -7.75% | — |
Current DrawdownCurrent decline from peak | -1.82% | -0.16% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -5.11% | -1.28% | -3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.40% | +0.50% |
Volatility
ASRE.DE vs. LYQ2.DE - Volatility Comparison
BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.DE) has a higher volatility of 0.67% compared to Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) at 0.31%. This indicates that ASRE.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.
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Volatility by Period
| ASRE.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 0.31% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 1.17% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.56% | 1.28% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.61% | 1.66% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 1.32% | +2.16% |
ASRE.DE vs. LYQ2.DE - Expense Ratio Comparison
ASRE.DE has a 0.15% expense ratio, which is lower than LYQ2.DE's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ASRE.DE vs. LYQ2.DE - Dividend Comparison
Neither ASRE.DE nor LYQ2.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRE.DE and LYQ2.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRE.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for LYQ2.DE.
ASRE.DE tracks J.P. Morgan ESG EMU Government Bond IG 3-5 Year, while LYQ2.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond. They also come from different issuers: BNP Paribas and Amundi. Their fees differ too: 0.15% for ASRE.DE and 0.17% for LYQ2.DE.
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