LYQ3.DE vs. EUNH.DE
LYQ3.DE (Amundi Euro Government Bond 3-5Y UCITS ETF Acc) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds - LYQ3.DE tracks the Bloomberg Euro Treasury 50bn 3-5 Year Bond while EUNH.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 10 years, LYQ3.DE returned -0.05%/yr vs -0.32%/yr for EUNH.DE. Their correlation of 0.86 suggests significant overlap in exposure. LYQ3.DE charges 0.17%/yr vs 0.07%/yr for EUNH.DE.
Performance
LYQ3.DE vs. EUNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LYQ3.DE achieves a -0.32% return, which is significantly lower than EUNH.DE's -0.06% return. Over the past 10 years, LYQ3.DE has outperformed EUNH.DE with an annualized return of -0.05%, while EUNH.DE has yielded a comparatively lower -0.32% annualized 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%
EUNH.DE
- 1D
- 0.04%
- 1M
- -0.08%
- YTD
- -0.06%
- 6M
- 0.09%
- 1Y
- 0.30%
- 3Y*
- 2.35%
- 5Y*
- -2.27%
- 10Y*
- -0.32%
LYQ3.DE vs. EUNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 1.11% | -0.34% | -0.27% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -0.06% | 0.80% | 1.52% | 6.83% | -18.32% | -3.37% | 4.72% | 6.76% | 0.85% | -0.13% |
Correlation
The correlation between LYQ3.DE and EUNH.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2009 | 0.86 |
The correlation between LYQ3.DE and EUNH.DE has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
LYQ3.DE vs. EUNH.DE — Risk / Return Rank
LYQ3.DE
EUNH.DE
LYQ3.DE vs. EUNH.DE - 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 Core Euro Government Bond UCITS ETF (Dist) (EUNH.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.
| LYQ3.DE | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.00 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | -0.03 | +0.19 |
| Martin ratioReturn relative to average drawdown | 0.43 | -0.08 | +0.51 |
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 | EUNH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | -0.02 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | -0.35 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | -0.06 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.25 | +0.41 |
Drawdowns
LYQ3.DE vs. EUNH.DE - Drawdown Comparison
The maximum LYQ3.DE drawdown since its inception was -12.43%, smaller than the maximum EUNH.DE drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for LYQ3.DE and EUNH.DE.
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Drawdown Indicators
| LYQ3.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.43% | -22.43% | +10.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.38% | -3.48% | +1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -2.38% | -4.10% | +1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -21.53% | +9.51% |
Max Drawdown (10Y)Largest decline over 10 years | -12.43% | -22.43% | +10.00% |
Current DrawdownCurrent decline from peak | -2.86% | -14.10% | +11.24% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -5.97% | +3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.35% | -0.50% |
Volatility
LYQ3.DE vs. EUNH.DE - Volatility Comparison
The current volatility for Amundi Euro Government Bond 3-5Y UCITS ETF Acc (LYQ3.DE) is 0.99%, while iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) has a volatility of 1.72%. This indicates that LYQ3.DE experiences smaller price fluctuations and is considered to be less risky than EUNH.DE 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 | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.72% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.23% | 3.70% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 4.37% | -1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.56% | 6.34% | -2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.80% | 5.52% | -2.72% |
LYQ3.DE vs. EUNH.DE - Expense Ratio Comparison
LYQ3.DE has a 0.17% expense ratio, which is higher than EUNH.DE's 0.07% 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%.
Dividends
LYQ3.DE vs. EUNH.DE - Dividend Comparison
LYQ3.DE has not paid dividends to shareholders, while EUNH.DE's dividend yield for the trailing twelve months is around 2.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 2.49% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LYQ3.DE and EUNH.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.17% for LYQ3.DE.
LYQ3.DE tracks Bloomberg Euro Treasury 50bn 3-5 Year Bond, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.17% for LYQ3.DE and 0.07% for EUNH.DE.
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