EL4V.DE vs. LYQ2.DE
EL4V.DE (Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF) and LYQ2.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Acc) are both European Government Bonds funds - EL4V.DE tracks the Deutsche Börse EUROGOV Germany 10+ Index while LYQ2.DE tracks the Bloomberg Euro Treasury 50bn 1-3 Year Bond. Both are passively managed. Over the past 10 years, EL4V.DE returned -3.65%/yr vs 0.11%/yr for LYQ2.DE. At a 0.38 correlation, their price movements are largely independent. EL4V.DE charges 0.15%/yr vs 0.17%/yr for LYQ2.DE.
Performance
EL4V.DE vs. LYQ2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4V.DE achieves a -0.97% return, which is significantly lower than LYQ2.DE's 0.18% return. Over the past 10 years, EL4V.DE has underperformed LYQ2.DE with an annualized return of -3.65%, while LYQ2.DE has yielded a comparatively higher 0.11% annualized return.
EL4V.DE
- 1D
- -0.29%
- 1M
- -1.59%
- 6M
- -1.93%
- YTD
- -0.97%
- 1Y
- -3.20%
- 3Y*
- -2.20%
- 5Y*
- -8.68%
- 10Y*
- -3.65%
LYQ2.DE
- 1D
- 0.05%
- 1M
- -0.03%
- 6M
- 0.01%
- YTD
- 0.18%
- 1Y
- 0.80%
- 3Y*
- 2.69%
- 5Y*
- 0.58%
- 10Y*
- 0.11%
EL4V.DE vs. LYQ2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4V.DE Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF | -0.97% | -8.19% | -2.86% | 6.90% | -32.41% | -4.81% | 7.99% | 9.21% | 6.28% | -4.39% |
LYQ2.DE Amundi Euro Government Bond 1-3Y UCITS ETF Acc | 0.18% | 2.14% | 2.97% | 3.27% | -4.97% | -0.84% | -0.20% | -0.13% | -0.45% | -0.63% |
Correlation
The correlation between EL4V.DE and LYQ2.DE is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2009 | 0.38 |
Over the past year, EL4V.DE and LYQ2.DE have become more correlated (0.65) than their long-term average of 0.38, meaning their price movements have been converging.
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Return for Risk
EL4V.DE vs. LYQ2.DE — Risk / Return Rank
EL4V.DE
LYQ2.DE
EL4V.DE vs. LYQ2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF (EL4V.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.
| EL4V.DE | LYQ2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.12 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 0.65 | -1.15 |
| Martin ratioReturn relative to average drawdown | -0.92 | 1.96 | -2.88 |
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Drawdowns
EL4V.DE vs. LYQ2.DE - Drawdown Comparison
The maximum EL4V.DE drawdown since its inception was -43.83%, 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 EL4V.DE and LYQ2.DE.
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Drawdown Indicators
| EL4V.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.83% | -7.75% | -36.08% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -1.22% | -5.41% |
Max Drawdown (3Y)Largest decline over 3 years | -14.80% | -1.22% | -13.58% |
Max Drawdown (5Y)Largest decline over 5 years | -40.13% | -6.02% | -34.11% |
Max Drawdown (10Y)Largest decline over 10 years | -43.83% | -7.69% | -36.14% |
Current DrawdownCurrent decline from peak | -42.50% | -0.40% | -42.10% |
Average DrawdownAverage peak-to-trough decline | -13.95% | -1.28% | -12.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 0.41% | +3.17% |
Volatility
EL4V.DE vs. LYQ2.DE - Volatility Comparison
Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF (EL4V.DE) has a higher volatility of 2.19% compared to Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) at 0.34%. This indicates that EL4V.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
| EL4V.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 0.34% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 5.85% | 1.17% | +4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.71% | 1.30% | +6.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 1.66% | +11.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.87% | 1.32% | +9.55% |
EL4V.DE vs. LYQ2.DE - Expense Ratio Comparison
EL4V.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
EL4V.DE vs. LYQ2.DE - Dividend Comparison
EL4V.DE's dividend yield for the trailing twelve months is around 2.30%, while LYQ2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4V.DE Deka Deutsche Börse EUROGOV Germany 10+ UCITS ETF | 2.30% | 2.06% | 2.00% | 2.29% | 2.45% | 1.79% | 1.84% | 2.06% | 2.35% | 1.03% | 2.57% | 2.79% |
LYQ2.DE Amundi Euro Government Bond 1-3Y UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EL4V.DE and LYQ2.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4V.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4V.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for LYQ2.DE.
EL4V.DE tracks Deutsche Börse EUROGOV Germany 10+ Index, while LYQ2.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond. They also come from different issuers: Deka and Amundi. Their fees differ too: 0.15% for EL4V.DE and 0.17% for LYQ2.DE.
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