LYQ2.DE vs. VWCE.DE
LYQ2.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Acc) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - LYQ2.DE is a European Government Bonds fund tracking the Bloomberg Euro Treasury 50bn 1-3 Year Bond, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, LYQ2.DE returned 0.57%/yr vs 11.89%/yr for VWCE.DE. At a 0.07 correlation, their price movements are largely independent. LYQ2.DE charges 0.17%/yr vs 0.19%/yr for VWCE.DE.
Performance
LYQ2.DE vs. VWCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LYQ2.DE achieves a 0.15% return, which is significantly lower than VWCE.DE's 11.72% return.
LYQ2.DE
- 1D
- 0.10%
- 1M
- 0.38%
- YTD
- 0.15%
- 6M
- 0.36%
- 1Y
- 0.82%
- 3Y*
- 2.60%
- 5Y*
- 0.57%
- 10Y*
- 0.12%
VWCE.DE
- 1D
- 1.82%
- 1M
- 2.09%
- YTD
- 11.72%
- 6M
- 13.39%
- 1Y
- 25.76%
- 3Y*
- 17.02%
- 5Y*
- 11.89%
- 10Y*
- —
LYQ2.DE vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LYQ2.DE Amundi Euro Government Bond 1-3Y UCITS ETF Acc | 0.15% | 2.14% | 2.97% | 3.27% | -4.97% | -0.84% | -0.20% | -0.47% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.72% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 7.08% |
Correlation
The correlation between LYQ2.DE and VWCE.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.07 |
The correlation between LYQ2.DE and VWCE.DE shifts across timeframes, from 0.07 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LYQ2.DE vs. VWCE.DE — Risk / Return Rank
LYQ2.DE
VWCE.DE
LYQ2.DE vs. VWCE.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 Vanguard FTSE All-World UCITS ETF (VWCE.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.
| LYQ2.DE | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.41 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | 3.92 | -3.25 |
| Martin ratioReturn relative to average drawdown | 2.05 | 16.07 | -14.03 |
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Drawdowns
LYQ2.DE vs. VWCE.DE - Drawdown Comparison
The maximum LYQ2.DE drawdown since its inception was -7.75%, smaller than the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for LYQ2.DE and VWCE.DE.
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Drawdown Indicators
| LYQ2.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.75% | -33.43% | +25.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.22% | -6.55% | +5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -1.22% | -21.07% | +19.85% |
Max Drawdown (5Y)Largest decline over 5 years | -6.02% | -21.07% | +15.05% |
Max Drawdown (10Y)Largest decline over 10 years | -7.75% | — | — |
Current DrawdownCurrent decline from peak | -0.43% | -1.47% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -4.68% | +3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 1.60% | -1.20% |
Volatility
LYQ2.DE vs. VWCE.DE - Volatility Comparison
The current volatility for Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) is 0.53%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.40%. This indicates that LYQ2.DE experiences smaller price fluctuations and is considered to be less risky than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 3.40% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 1.17% | 8.51% | -7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.28% | 11.63% | -10.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.65% | 13.79% | -12.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.31% | 16.16% | -14.85% |
LYQ2.DE vs. VWCE.DE - Expense Ratio Comparison
LYQ2.DE has a 0.17% expense ratio, which is lower than VWCE.DE's 0.19% 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
LYQ2.DE vs. VWCE.DE - Dividend Comparison
Neither LYQ2.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
LYQ2.DE and VWCE.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYQ2.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYQ2.DE is cheaper with a 0.17% expense ratio, compared with 0.19% for VWCE.DE.
LYQ2.DE is categorized as European Government Bonds, while VWCE.DE is Global Equities. LYQ2.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.17% for LYQ2.DE and 0.19% for VWCE.DE.
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