LYQ2.DE vs. OG35.DE

Last updated Jun 5, 2026

LYQ2.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Acc) and OG35.DE (Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF) are both European Government Bonds funds - LYQ2.DE tracks the Bloomberg Euro Treasury 50bn 1-3 Year Bond while OG35.DE tracks the ICE 3-5 Year Euro Government Carbon Reduction. Both are passively managed. Over the past 5 years, LYQ2.DE returned 0.55%/yr vs -0.34%/yr for OG35.DE. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.17% expense ratio.

Performance

LYQ2.DE vs. OG35.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) and Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LYQ2.DE achieves a 0.02% return, which is significantly higher than OG35.DE's -0.13% return.

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%

OG35.DE

• 1D: 0.05%
• 1M: -0.04%
• YTD: -0.13%
• 6M: -0.06%
• 1Y: 0.67%
• 3Y*: 2.79%
• 5Y*: -0.34%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LYQ2.DE vs. OG35.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LYQ2.DE Amundi Euro Government Bond 1-3Y UCITS ETF Acc	0.02%	2.14%	2.96%	3.27%	-4.97%	-0.84%	0.10%
OG35.DE Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF	-0.13%	2.46%	2.13%	5.16%	-10.01%	-1.17%	1.17%

Correlation

The correlation between LYQ2.DE and OG35.DE is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020	0.83

The correlation between LYQ2.DE and OG35.DE has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

Return for Risk

LYQ2.DE vs. OG35.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LYQ2.DE

LYQ2.DE Risk / Return Rank: 18
LYQ2.DE Sharpe Ratio Rank: 19
LYQ2.DE Sortino Ratio Rank: 17
LYQ2.DE Omega Ratio Rank: 18
LYQ2.DE Calmar Ratio Rank: 16
LYQ2.DE Martin Ratio Rank: 18

OG35.DE

OG35.DE Risk / Return Rank: 11
OG35.DE Sharpe Ratio Rank: 11
OG35.DE Sortino Ratio Rank: 10
OG35.DE Omega Ratio Rank: 10
OG35.DE Calmar Ratio Rank: 11
OG35.DE Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LYQ2.DE vs. OG35.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 Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.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	OG35.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.56	0.15	+0.41
Sortino ratio: Return per unit of downside risk	0.84	0.23	+0.61
Omega ratio: Gain probability vs. loss probability	1.11	1.03	+0.08
Calmar ratio: Return relative to maximum drawdown	0.58	0.17	+0.41
Martin ratio: Return relative to average drawdown	1.82	0.48	+1.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LYQ2.DE vs. OG35.DE - Sharpe Ratio Comparison

The current LYQ2.DE Sharpe Ratio is 0.56, which is higher than the OG35.DE Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of LYQ2.DE and OG35.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LYQ2.DE	OG35.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	0.15	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	-0.08	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	-0.05	+0.93

Drawdowns

LYQ2.DE vs. OG35.DE - Drawdown Comparison

The maximum LYQ2.DE drawdown since its inception was -7.75%, smaller than the maximum OG35.DE drawdown of -12.21%. Use the drawdown chart below to compare losses from any high point for LYQ2.DE and OG35.DE.

Drawdown Indicators

	LYQ2.DE	OG35.DE	Difference
Max Drawdown Largest peak-to-trough decline	-7.75%	-12.21%	+4.46%
Max Drawdown (1Y) Largest decline over 1 year	-1.22%	-2.41%	+1.19%
Max Drawdown (3Y) Largest decline over 3 years	-1.22%	-2.41%	+1.19%
Max Drawdown (5Y) Largest decline over 5 years	-6.02%	-11.90%	+5.88%
Max Drawdown (10Y) Largest decline over 10 years	-7.75%	—	—
Current Drawdown Current decline from peak	-0.55%	-2.66%	+2.11%
Average Drawdown Average peak-to-trough decline	-1.30%	-4.99%	+3.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.39%	0.85%	-0.46%

Volatility

LYQ2.DE vs. OG35.DE - Volatility Comparison

The current volatility for Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) is 0.55%, while Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE) has a volatility of 1.08%. This indicates that LYQ2.DE experiences smaller price fluctuations and is considered to be less risky than OG35.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LYQ2.DE	OG35.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.55%	1.08%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	1.14%	2.47%	-1.33%
Volatility (1Y) Calculated over the trailing 1-year period	1.26%	2.72%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.65%	3.97%	-2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.31%	3.76%	-2.45%

LYQ2.DE vs. OG35.DE - Expense Ratio Comparison

Both LYQ2.DE and OG35.DE have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

LYQ2.DE vs. OG35.DE - Dividend Comparison

Neither LYQ2.DE nor OG35.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LYQ2.DE and OG35.DE in my portfolio?

LYQ2.DE and OG35.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LYQ2.DE or OG35.DE?

Both ETFs have the same 0.17% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LYQ2.DE or OG35.DE?

LYQ2.DE and OG35.DE have the same expense ratio: 0.17% per year.

What is the main difference between LYQ2.DE and OG35.DE?

LYQ2.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond, while OG35.DE tracks ICE 3-5 Year Euro Government Carbon Reduction. They also come from different issuers: Amundi and Natixis.