EXHD.DE vs. LYQ2.DE
EXHD.DE (iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE)) and LYQ2.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Acc) are both European Government Bonds funds - EXHD.DE tracks the eb.rexx® Government Germany 5.5-10.5 while LYQ2.DE tracks the Bloomberg Euro Treasury 50bn 1-3 Year Bond. Both are passively managed. Over the past 10 years, EXHD.DE returned -1.06%/yr vs 0.10%/yr for LYQ2.DE. At a 0.48 correlation, their price movements are largely independent. EXHD.DE charges 0.16%/yr vs 0.17%/yr for LYQ2.DE.
Performance
EXHD.DE vs. LYQ2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHD.DE achieves a -0.51% return, which is significantly lower than LYQ2.DE's 0.02% return. Over the past 10 years, EXHD.DE has underperformed LYQ2.DE with an annualized return of -1.06%, while LYQ2.DE has yielded a comparatively higher 0.10% annualized return.
EXHD.DE
- 1D
- 0.17%
- 1M
- -0.45%
- YTD
- -0.51%
- 6M
- -0.74%
- 1Y
- -0.85%
- 3Y*
- 1.05%
- 5Y*
- -2.82%
- 10Y*
- -1.06%
LYQ2.DE
- 1D
- 0.02%
- 1M
- 0.00%
- YTD
- 0.02%
- 6M
- 0.14%
- 1Y
- 0.85%
- 3Y*
- 2.54%
- 5Y*
- 0.55%
- 10Y*
- 0.10%
EXHD.DE vs. LYQ2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXHD.DE iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) | -0.51% | -0.38% | -0.04% | 6.26% | -17.27% | -2.39% | 2.08% | 2.53% | 2.35% | -1.12% |
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 EXHD.DE and LYQ2.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2006 | 0.48 |
Over the past year, EXHD.DE and LYQ2.DE have become more correlated (0.81) than their long-term average of 0.48, meaning their price movements have been converging.
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Return for Risk
EXHD.DE vs. LYQ2.DE — Risk / Return Rank
EXHD.DE
LYQ2.DE
EXHD.DE vs. LYQ2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) (EXHD.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.
| EXHD.DE | LYQ2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.11 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 0.58 | -0.93 |
| Martin ratioReturn relative to average drawdown | -0.91 | 1.82 | -2.72 |
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
| EXHD.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 0.56 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | 0.33 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.20 | 0.07 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.88 | -0.54 |
Drawdowns
EXHD.DE vs. LYQ2.DE - Drawdown Comparison
The maximum EXHD.DE drawdown since its inception was -22.41%, 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 EXHD.DE and LYQ2.DE.
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Drawdown Indicators
| EXHD.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.41% | -7.75% | -14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -1.22% | -2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -4.84% | -1.22% | -3.62% |
Max Drawdown (5Y)Largest decline over 5 years | -20.34% | -6.02% | -14.32% |
Max Drawdown (10Y)Largest decline over 10 years | -22.41% | -7.75% | -14.66% |
Current DrawdownCurrent decline from peak | -17.09% | -0.55% | -16.54% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -1.30% | -4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 0.39% | +1.09% |
Volatility
EXHD.DE vs. LYQ2.DE - Volatility Comparison
iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) (EXHD.DE) has a higher volatility of 1.99% compared to Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) at 0.55%. This indicates that EXHD.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
| EXHD.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 0.55% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 1.14% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 1.26% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 1.65% | +4.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 1.31% | +3.85% |
EXHD.DE vs. LYQ2.DE - Expense Ratio Comparison
EXHD.DE has a 0.16% 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
EXHD.DE vs. LYQ2.DE - Dividend Comparison
EXHD.DE's dividend yield for the trailing twelve months is around 1.37%, while LYQ2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHD.DE iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) | 1.37% | 1.73% | 1.44% | 0.88% | 1.26% | 1.35% | 1.01% | 0.96% | 1.00% | 1.26% | 1.40% | 1.77% |
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
EXHD.DE and LYQ2.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXHD.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXHD.DE is cheaper with a 0.16% expense ratio, compared with 0.17% for LYQ2.DE.
EXHD.DE tracks eb.rexx® Government Germany 5.5-10.5, while LYQ2.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.16% for EXHD.DE and 0.17% for LYQ2.DE.
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