CBE3.L vs. LYP6.DE
CBE3.L (iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc)) and LYP6.DE (Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc) are both exchange-traded funds - CBE3.L is a Short-Term Bond fund tracking the Bloomberg Euro Government Bond 1-3 Year Index, while LYP6.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 5 years, CBE3.L returned 0.81%/yr vs 9.75%/yr for LYP6.DE. At a 0.13 correlation, their price movements are largely independent. CBE3.L charges 0.20%/yr vs 0.07%/yr for LYP6.DE.
Performance
CBE3.L vs. LYP6.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CBE3.L achieves a 0.13% return, which is significantly lower than LYP6.DE's 7.48% return.
CBE3.L
- 1D
- 0.04%
- 1M
- 0.24%
- YTD
- 0.13%
- 6M
- 0.25%
- 1Y
- 0.94%
- 3Y*
- 2.70%
- 5Y*
- 0.81%
- 10Y*
- 0.36%
LYP6.DE
- 1D
- 0.57%
- 1M
- 3.11%
- YTD
- 7.48%
- 6M
- 10.06%
- 1Y
- 16.54%
- 3Y*
- 13.98%
- 5Y*
- 9.75%
- 10Y*
- —
CBE3.L vs. LYP6.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBE3.L iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc) | 0.13% | 2.27% | 3.11% | 3.46% | -4.26% | -0.83% | -0.15% | 0.18% | -0.33% | -0.04% |
LYP6.DE Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc | 7.48% | 20.82% | 8.25% | 15.97% | -10.40% | 24.81% | -1.72% | 28.59% | -11.28% | 2.60% |
Correlation
The correlation between CBE3.L and LYP6.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2017 | 0.13 |
Over the past year, CBE3.L and LYP6.DE have become more correlated (0.34) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
CBE3.L vs. LYP6.DE — Risk / Return Rank
CBE3.L
LYP6.DE
CBE3.L vs. LYP6.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc) (CBE3.L) and Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc (LYP6.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.
| CBE3.L | LYP6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 1.74 | -0.89 |
| Martin ratioReturn relative to average drawdown | 2.81 | 6.63 | -3.83 |
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
| CBE3.L | LYP6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.28 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.67 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.56 | -0.12 |
Drawdowns
CBE3.L vs. LYP6.DE - Drawdown Comparison
The maximum CBE3.L drawdown since its inception was -6.12%, smaller than the maximum LYP6.DE drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for CBE3.L and LYP6.DE.
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Drawdown Indicators
| CBE3.L | LYP6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.12% | -35.51% | +29.39% |
Max Drawdown (1Y)Largest decline over 1 year | -1.10% | -9.45% | +8.35% |
Max Drawdown (3Y)Largest decline over 3 years | -1.10% | -16.26% | +15.16% |
Max Drawdown (5Y)Largest decline over 5 years | -5.19% | -20.71% | +15.52% |
Max Drawdown (10Y)Largest decline over 10 years | -6.12% | — | — |
Current DrawdownCurrent decline from peak | -0.42% | -1.62% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -1.06% | -4.84% | +3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 2.49% | -2.15% |
Volatility
CBE3.L vs. LYP6.DE - Volatility Comparison
The current volatility for iShares € Govt Bond 1-3yr UCITS ETF EUR (Acc) (CBE3.L) is 0.41%, while Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc (LYP6.DE) has a volatility of 4.35%. This indicates that CBE3.L experiences smaller price fluctuations and is considered to be less risky than LYP6.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBE3.L | LYP6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 4.35% | -3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 1.08% | 10.65% | -9.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.19% | 12.90% | -11.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.51% | 14.41% | -12.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.28% | 15.86% | -14.58% |
CBE3.L vs. LYP6.DE - Expense Ratio Comparison
CBE3.L has a 0.20% expense ratio, which is higher than LYP6.DE's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CBE3.L vs. LYP6.DE - Dividend Comparison
Neither CBE3.L nor LYP6.DE has paid dividends to shareholders.
Frequently Asked Questions
CBE3.L and LYP6.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYP6.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYP6.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for CBE3.L.
CBE3.L is categorized as Short-Term Bond, while LYP6.DE is Europe Equities. CBE3.L tracks Bloomberg Euro Government Bond 1-3 Year Index, while LYP6.DE tracks STOXX® Europe 600. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for CBE3.L and 0.07% for LYP6.DE.
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