LYQ3.DE vs. MJMT.DE
LYQ3.DE (Amundi Euro Government Bond 3-5Y UCITS ETF Acc) and MJMT.DE (Amundi MSCI Europe Momentum Factor UCITS ETF EUR) are both exchange-traded funds - LYQ3.DE is a European Government Bonds fund tracking the Bloomberg Euro Treasury 50bn 3-5 Year Bond, while MJMT.DE is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 5 years, LYQ3.DE returned -0.36%/yr vs 11.41%/yr for MJMT.DE. At a 0.08 correlation, their price movements are largely independent. LYQ3.DE charges 0.17%/yr vs 0.23%/yr for MJMT.DE.
Performance
LYQ3.DE vs. MJMT.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 MJMT.DE's 8.02% 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%
MJMT.DE
- 1D
- 0.03%
- 1M
- 1.15%
- YTD
- 8.02%
- 6M
- 12.09%
- 1Y
- 17.13%
- 3Y*
- 20.41%
- 5Y*
- 11.41%
- 10Y*
- —
LYQ3.DE vs. MJMT.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% |
MJMT.DE Amundi MSCI Europe Momentum Factor UCITS ETF EUR | 8.02% | 27.24% | 19.93% | 13.04% | -15.57% | 22.09% | 10.97% | 31.75% | -10.54% | 11.30% |
Correlation
The correlation between LYQ3.DE and MJMT.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2016 | 0.08 |
Over the past year, LYQ3.DE and MJMT.DE have become more correlated (0.30) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
LYQ3.DE vs. MJMT.DE — Risk / Return Rank
LYQ3.DE
MJMT.DE
LYQ3.DE vs. MJMT.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 Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.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 | MJMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.19 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 1.51 | -1.36 |
| Martin ratioReturn relative to average drawdown | 0.43 | 5.64 | -5.21 |
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 | MJMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 1.03 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.69 | -0.79 |
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 | 0.70 | -0.04 |
Drawdowns
LYQ3.DE vs. MJMT.DE - Drawdown Comparison
The maximum LYQ3.DE drawdown since its inception was -12.43%, smaller than the maximum MJMT.DE drawdown of -31.35%. Use the drawdown chart below to compare losses from any high point for LYQ3.DE and MJMT.DE.
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Drawdown Indicators
| LYQ3.DE | MJMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.43% | -31.35% | +18.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.38% | -11.56% | +9.18% |
Max Drawdown (3Y)Largest decline over 3 years | -2.38% | -15.62% | +13.24% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -23.84% | +11.82% |
Max Drawdown (10Y)Largest decline over 10 years | -12.43% | — | — |
Current DrawdownCurrent decline from peak | -2.86% | -1.36% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -5.33% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 3.10% | -2.25% |
Volatility
LYQ3.DE vs. MJMT.DE - Volatility Comparison
The current volatility for Amundi Euro Government Bond 3-5Y UCITS ETF Acc (LYQ3.DE) is 0.99%, while Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) has a volatility of 4.49%. This indicates that LYQ3.DE experiences smaller price fluctuations and is considered to be less risky than MJMT.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 | MJMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 4.49% | -3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.23% | 14.45% | -12.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 16.95% | -14.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.56% | 16.32% | -12.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.80% | 16.24% | -13.44% |
LYQ3.DE vs. MJMT.DE - Expense Ratio Comparison
LYQ3.DE has a 0.17% expense ratio, which is lower than MJMT.DE's 0.23% 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. MJMT.DE - Dividend Comparison
Neither LYQ3.DE nor MJMT.DE has paid dividends to shareholders.
Frequently Asked Questions
LYQ3.DE and MJMT.DE 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 0.23% for MJMT.DE.
LYQ3.DE is categorized as European Government Bonds, while MJMT.DE is Momentum. LYQ3.DE tracks Bloomberg Euro Treasury 50bn 3-5 Year Bond, while MJMT.DE tracks MSCI Europe Momentum Index. Their fees differ too: 0.17% for LYQ3.DE and 0.23% for MJMT.DE.
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