EUNM.DE vs. LYQ3.DE
EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) and LYQ3.DE (Amundi Euro Government Bond 3-5Y UCITS ETF Acc) are both exchange-traded funds - EUNM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while LYQ3.DE is a European Government Bonds fund tracking the Bloomberg Euro Treasury 50bn 3-5 Year Bond. Both are passively managed. Over the past 10 years, EUNM.DE returned 10.07%/yr vs -0.03%/yr for LYQ3.DE. At a 0.05 correlation, their price movements are largely independent. EUNM.DE charges 0.18%/yr vs 0.17%/yr for LYQ3.DE.
Performance
EUNM.DE vs. LYQ3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNM.DE achieves a 26.16% return, which is significantly higher than LYQ3.DE's -0.12% return. Over the past 10 years, EUNM.DE has outperformed LYQ3.DE with an annualized return of 10.07%, while LYQ3.DE has yielded a comparatively lower -0.03% annualized return.
EUNM.DE
- 1D
- 3.17%
- 1M
- 2.53%
- YTD
- 26.16%
- 6M
- 28.73%
- 1Y
- 46.27%
- 3Y*
- 19.51%
- 5Y*
- 8.28%
- 10Y*
- 10.07%
LYQ3.DE
- 1D
- 0.20%
- 1M
- 0.64%
- YTD
- -0.12%
- 6M
- 0.33%
- 1Y
- 0.51%
- 3Y*
- 2.83%
- 5Y*
- -0.36%
- 10Y*
- -0.03%
EUNM.DE vs. LYQ3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 26.16% | 19.20% | 14.09% | 5.71% | -14.48% | 4.68% | 6.81% | 20.92% | -10.84% | 19.89% |
LYQ3.DE Amundi Euro Government Bond 3-5Y UCITS ETF Acc | -0.12% | 2.66% | 2.16% | 5.09% | -10.00% | -1.34% | 1.07% | 1.11% | -0.34% | -0.27% |
Correlation
The correlation between EUNM.DE and LYQ3.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | 0.05 |
Over the past year, EUNM.DE and LYQ3.DE have become more correlated (0.32) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
EUNM.DE vs. LYQ3.DE — Risk / Return Rank
EUNM.DE
LYQ3.DE
EUNM.DE vs. LYQ3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) and Amundi Euro Government Bond 3-5Y UCITS ETF Acc (LYQ3.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.
| EUNM.DE | LYQ3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.30 | ||
| Sortino ratioReturn per unit of downside risk | +3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.04 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 0.21 | +4.18 |
| Martin ratioReturn relative to average drawdown | 15.27 | 0.58 | +14.69 |
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Drawdowns
EUNM.DE vs. LYQ3.DE - Drawdown Comparison
The maximum EUNM.DE drawdown since its inception was -35.91%, which is greater than LYQ3.DE's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for EUNM.DE and LYQ3.DE.
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Drawdown Indicators
| EUNM.DE | LYQ3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.91% | -12.42% | -23.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -2.39% | -8.08% |
Max Drawdown (3Y)Largest decline over 3 years | -19.02% | -2.39% | -16.63% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -12.02% | -11.59% |
Max Drawdown (10Y)Largest decline over 10 years | -31.88% | -12.42% | -19.46% |
Current DrawdownCurrent decline from peak | -3.40% | -2.66% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -10.51% | -2.17% | -8.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 0.88% | +2.14% |
Volatility
EUNM.DE vs. LYQ3.DE - Volatility Comparison
iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) has a higher volatility of 7.44% compared to Amundi Euro Government Bond 3-5Y UCITS ETF Acc (LYQ3.DE) at 0.94%. This indicates that EUNM.DE's price experiences larger fluctuations and is considered to be riskier than LYQ3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNM.DE | LYQ3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 0.94% | +6.50% |
Volatility (6M)Calculated over the trailing 6-month period | 15.75% | 2.23% | +13.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.43% | 2.52% | +15.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 3.56% | +13.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.22% | 2.80% | +15.42% |
EUNM.DE vs. LYQ3.DE - Expense Ratio Comparison
EUNM.DE has a 0.18% expense ratio, which is higher than LYQ3.DE's 0.17% 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
EUNM.DE vs. LYQ3.DE - Dividend Comparison
Neither EUNM.DE nor LYQ3.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNM.DE and LYQ3.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYQ3.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYQ3.DE is cheaper with a 0.17% expense ratio, compared with 0.18% for EUNM.DE.
EUNM.DE is categorized as Emerging Markets Equities, while LYQ3.DE is European Government Bonds. EUNM.DE tracks MSCI Emerging Markets, while LYQ3.DE tracks Bloomberg Euro Treasury 50bn 3-5 Year Bond. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.18% for EUNM.DE and 0.17% for LYQ3.DE.
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