LYQ3.DE vs. CYBU.AS
LYQ3.DE (Amundi Euro Government Bond 3-5Y UCITS ETF Acc) and CYBU.AS (iShares China CNY Bond UCITS ETF USD Hedged (Dist)) are both exchange-traded funds - LYQ3.DE is a European Government Bonds fund tracking the Bloomberg Euro Treasury 50bn 3-5 Year Bond, while CYBU.AS is a Emerging Markets Bonds fund tracking the Bloomberg China Treasury + Policy Bank Index. Both are passively managed. Over the past 5 years, LYQ3.DE returned -0.36%/yr vs 6.65%/yr for CYBU.AS. At a correlation of -0.04, they often move in opposite directions. LYQ3.DE charges 0.17%/yr vs 0.40%/yr for CYBU.AS.
Performance
LYQ3.DE vs. CYBU.AS - Performance Comparison
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Different Trading Currencies
LYQ3.DE is traded in EUR, while CYBU.AS is traded in USD. To make them comparable, the CYBU.AS values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, LYQ3.DE achieves a -0.32% return, which is significantly lower than CYBU.AS's 3.70% return.
LYQ3.DE
- 1D
- 0.05%
- 1M
- -0.07%
- YTD
- -0.32%
- 6M
- -0.08%
- 1Y
- 0.63%
- 3Y*
- 2.71%
- 5Y*
- -0.36%
- 10Y*
- -0.05%
CYBU.AS
- 1D
- -0.08%
- 1M
- 1.77%
- YTD
- 3.70%
- 6M
- 2.99%
- 1Y
- 2.31%
- 3Y*
- 4.13%
- 5Y*
- 6.65%
- 10Y*
- —
LYQ3.DE vs. CYBU.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LYQ3.DE Amundi Euro Government Bond 3-5Y UCITS ETF Acc | -0.32% | 2.66% | 2.16% | 5.09% | -10.00% | -1.33% | 1.07% | -0.56% |
CYBU.AS iShares China CNY Bond UCITS ETF USD Hedged (Dist) | 3.70% | -9.69% | 18.86% | 4.58% | 8.91% | 9.95% | -7.28% | 0.97% |
Correlation
The correlation between LYQ3.DE and CYBU.AS is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2019 | -0.04 |
Over the past year, the inverse relationship between LYQ3.DE and CYBU.AS has strengthened: their correlation has moved from -0.04 to -0.30, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
LYQ3.DE vs. CYBU.AS — Risk / Return Rank
LYQ3.DE
CYBU.AS
LYQ3.DE vs. CYBU.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Bond 3-5Y UCITS ETF Acc (LYQ3.DE) and iShares China CNY Bond UCITS ETF USD Hedged (Dist) (CYBU.AS). 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.
| LYQ3.DE | CYBU.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.05 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 0.44 | -0.29 |
| Martin ratioReturn relative to average drawdown | 0.43 | 1.00 | -0.56 |
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
| LYQ3.DE | CYBU.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.29 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.83 | -0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.52 | +0.15 |
Drawdowns
LYQ3.DE vs. CYBU.AS - Drawdown Comparison
The maximum LYQ3.DE drawdown since its inception was -12.43%, smaller than the maximum CYBU.AS drawdown of -15.50%. Use the drawdown chart below to compare losses from any high point for LYQ3.DE and CYBU.AS.
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Drawdown Indicators
| LYQ3.DE | CYBU.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.43% | -15.50% | +3.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.38% | -4.26% | +1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -2.38% | -12.74% | +10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -12.74% | +0.72% |
Max Drawdown (10Y)Largest decline over 10 years | -12.43% | — | — |
Current DrawdownCurrent decline from peak | -2.86% | -7.68% | +4.82% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -6.50% | +4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.87% | -1.02% |
Volatility
LYQ3.DE vs. CYBU.AS - Volatility Comparison
The current volatility for Amundi Euro Government Bond 3-5Y UCITS ETF Acc (LYQ3.DE) is 0.99%, while iShares China CNY Bond UCITS ETF USD Hedged (Dist) (CYBU.AS) has a volatility of 1.41%. This indicates that LYQ3.DE experiences smaller price fluctuations and is considered to be less risky than CYBU.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LYQ3.DE | CYBU.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.41% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.23% | 4.60% | -2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 6.58% | -4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.56% | 7.87% | -4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.80% | 7.79% | -4.99% |
LYQ3.DE vs. CYBU.AS - Expense Ratio Comparison
LYQ3.DE has a 0.17% expense ratio, which is lower than CYBU.AS's 0.40% expense ratio.
Dividends
LYQ3.DE vs. CYBU.AS - Dividend Comparison
LYQ3.DE has not paid dividends to shareholders, while CYBU.AS's dividend yield for the trailing twelve months is around 1.84%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CYBU.AS iShares China CNY Bond UCITS ETF USD Hedged (Dist) | 1.84% | 1.88% | 2.13% | 2.45% | 2.60% | 2.82% | 2.66% | 0.21% |
LYQ3.DE Amundi Euro Government Bond 3-5Y UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LYQ3.DE and CYBU.AS have a correlation of -0.30, 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 0.40% for CYBU.AS.
LYQ3.DE is categorized as European Government Bonds, while CYBU.AS is Emerging Markets Bonds. LYQ3.DE tracks Bloomberg Euro Treasury 50bn 3-5 Year Bond, while CYBU.AS tracks Bloomberg China Treasury + Policy Bank Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.17% for LYQ3.DE and 0.40% for CYBU.AS.
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