LYQ2.DE vs. ERNX.DE
Compare and contrast key facts about Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) and iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE).
LYQ2.DE and ERNX.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LYQ2.DE is a passively managed fund by Amundi that tracks the performance of the Bloomberg Euro Treasury 50bn 1-3 Year Bond. It was launched on Sep 22, 2005. ERNX.DE is a passively managed fund by iShares that tracks the performance of the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index. It was launched on Oct 28, 2024. Both LYQ2.DE and ERNX.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
LYQ2.DE vs. ERNX.DE - Performance Comparison
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LYQ2.DE vs. ERNX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LYQ2.DE Amundi Euro Government Bond 1-3Y UCITS ETF Acc | -0.36% | 2.14% | 2.96% | 3.27% | -3.27% |
ERNX.DE iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating | 0.30% | 2.69% | 4.04% | 3.34% | 0.10% |
Returns By Period
In the year-to-date period, LYQ2.DE achieves a -0.36% return, which is significantly lower than ERNX.DE's 0.30% return.
LYQ2.DE
- 1D
- 0.16%
- 1M
- -0.78%
- YTD
- -0.36%
- 6M
- 0.02%
- 1Y
- 1.09%
- 3Y*
- 2.43%
- 5Y*
- 0.44%
- 10Y*
- 0.06%
ERNX.DE
- 1D
- -0.07%
- 1M
- -0.06%
- YTD
- 0.30%
- 6M
- 0.88%
- 1Y
- 2.20%
- 3Y*
- 3.29%
- 5Y*
- —
- 10Y*
- —
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LYQ2.DE vs. ERNX.DE - Expense Ratio Comparison
LYQ2.DE has a 0.17% expense ratio, which is higher than ERNX.DE's 0.09% 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%.
Return for Risk
LYQ2.DE vs. ERNX.DE — Risk / Return Rank
LYQ2.DE
ERNX.DE
LYQ2.DE vs. ERNX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) and iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.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.
| LYQ2.DE | ERNX.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 2.90 | -1.88 |
Sortino ratioReturn per unit of downside risk | 1.39 | 4.71 | -3.32 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.64 | -0.44 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 10.83 | -9.95 |
Martin ratioReturn relative to average drawdown | 4.01 | 49.84 | -45.83 |
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
| LYQ2.DE | ERNX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 2.90 | -1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 3.90 | -3.02 |
Correlation
The correlation between LYQ2.DE and ERNX.DE is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
LYQ2.DE vs. ERNX.DE - Dividend Comparison
Neither LYQ2.DE nor ERNX.DE has paid dividends to shareholders.
Drawdowns
LYQ2.DE vs. ERNX.DE - Drawdown Comparison
The maximum LYQ2.DE drawdown since its inception was -7.75%, which is greater than ERNX.DE's maximum drawdown of -0.83%. Use the drawdown chart below to compare losses from any high point for LYQ2.DE and ERNX.DE.
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Drawdown Indicators
| LYQ2.DE | ERNX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.75% | -0.83% | -6.92% |
Max Drawdown (1Y)Largest decline over 1 year | -1.22% | -0.20% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -6.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -7.75% | — | — |
Current DrawdownCurrent decline from peak | -0.93% | -0.20% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -0.09% | -1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.27% | 0.04% | +0.23% |
Volatility
LYQ2.DE vs. ERNX.DE - Volatility Comparison
Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) has a higher volatility of 0.63% compared to iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) at 0.31%. This indicates that LYQ2.DE's price experiences larger fluctuations and is considered to be riskier than ERNX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LYQ2.DE | ERNX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 0.31% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 0.79% | 0.54% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.06% | 0.75% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.61% | 0.68% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.29% | 0.68% | +0.61% |