LYQ3.DE vs. EUNM.DE
LYQ3.DE (Amundi Euro Government Bond 3-5Y UCITS ETF Acc) and EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) are both exchange-traded funds - LYQ3.DE is a European Government Bonds fund tracking the Bloomberg Euro Treasury 50bn 3-5 Year Bond, while EUNM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, LYQ3.DE returned -0.05%/yr vs 9.83%/yr for EUNM.DE. At a 0.05 correlation, their price movements are largely independent. LYQ3.DE charges 0.17%/yr vs 0.18%/yr for EUNM.DE.
Performance
LYQ3.DE vs. EUNM.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 EUNM.DE's 27.21% return. Over the past 10 years, LYQ3.DE has underperformed EUNM.DE with an annualized return of -0.05%, while EUNM.DE has yielded a comparatively higher 9.83% 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%
EUNM.DE
- 1D
- -1.60%
- 1M
- 3.61%
- YTD
- 27.21%
- 6M
- 27.83%
- 1Y
- 48.65%
- 3Y*
- 20.75%
- 5Y*
- 8.41%
- 10Y*
- 9.83%
LYQ3.DE vs. EUNM.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% |
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 27.21% | 19.18% | 14.09% | 5.71% | -14.47% | 4.68% | 6.84% | 20.91% | -10.84% | 19.89% |
Correlation
The correlation between LYQ3.DE and EUNM.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | 0.05 |
Over the past year, LYQ3.DE and EUNM.DE have become more correlated (0.28) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
LYQ3.DE vs. EUNM.DE — Risk / Return Rank
LYQ3.DE
EUNM.DE
LYQ3.DE vs. EUNM.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 MSCI EM UCITS ETF (Acc) (EUNM.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 | EUNM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.63 | ||
| Sortino ratioReturn per unit of downside risk | -3.48 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.50 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 4.72 | -4.57 |
| Martin ratioReturn relative to average drawdown | 0.43 | 17.07 | -16.63 |
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 | EUNM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 2.78 | -2.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.50 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | 0.54 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.39 | +0.28 |
Drawdowns
LYQ3.DE vs. EUNM.DE - Drawdown Comparison
The maximum LYQ3.DE drawdown since its inception was -12.43%, smaller than the maximum EUNM.DE drawdown of -35.91%. Use the drawdown chart below to compare losses from any high point for LYQ3.DE and EUNM.DE.
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Drawdown Indicators
| LYQ3.DE | EUNM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.43% | -35.91% | +23.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.38% | -10.46% | +8.08% |
Max Drawdown (3Y)Largest decline over 3 years | -2.38% | -19.01% | +16.63% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -23.62% | +11.60% |
Max Drawdown (10Y)Largest decline over 10 years | -12.43% | -31.86% | +19.43% |
Current DrawdownCurrent decline from peak | -2.86% | -2.61% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -10.55% | +8.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 2.90% | -2.05% |
Volatility
LYQ3.DE vs. EUNM.DE - Volatility Comparison
The current volatility for Amundi Euro Government Bond 3-5Y UCITS ETF Acc (LYQ3.DE) is 0.99%, while iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) has a volatility of 7.30%. This indicates that LYQ3.DE experiences smaller price fluctuations and is considered to be less risky than EUNM.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 | EUNM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 7.30% | -6.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.23% | 14.98% | -12.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 17.80% | -15.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.56% | 16.70% | -13.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.80% | 18.19% | -15.39% |
LYQ3.DE vs. EUNM.DE - Expense Ratio Comparison
LYQ3.DE has a 0.17% expense ratio, which is lower than EUNM.DE's 0.18% 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
LYQ3.DE vs. EUNM.DE - Dividend Comparison
Neither LYQ3.DE nor EUNM.DE has paid dividends to shareholders.
Frequently Asked Questions
LYQ3.DE and EUNM.DE have a correlation of 0.28, 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 0.18% for EUNM.DE.
LYQ3.DE is categorized as European Government Bonds, while EUNM.DE is Emerging Markets Equities. LYQ3.DE tracks Bloomberg Euro Treasury 50bn 3-5 Year Bond, while EUNM.DE tracks MSCI Emerging Markets. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.17% for LYQ3.DE and 0.18% for EUNM.DE.
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