LYQ3.DE vs. MWOE.DE
LYQ3.DE (Amundi Euro Government Bond 3-5Y UCITS ETF Acc) and MWOE.DE (Amundi MSCI World UCITS ETF - USD 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 MWOE.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 3 years, LYQ3.DE returned 2.71%/yr vs 17.43%/yr for MWOE.DE. At a 0.12 correlation, their price movements are largely independent. LYQ3.DE charges 0.17%/yr vs 0.12%/yr for MWOE.DE.
Performance
LYQ3.DE vs. MWOE.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 MWOE.DE's 10.64% 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%
MWOE.DE
- 1D
- -0.02%
- 1M
- 3.66%
- YTD
- 10.64%
- 6M
- 10.70%
- 1Y
- 23.42%
- 3Y*
- 17.43%
- 5Y*
- —
- 10Y*
- —
LYQ3.DE vs. MWOE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LYQ3.DE Amundi Euro Government Bond 3-5Y UCITS ETF Acc | -0.32% | 2.66% | 2.16% | 5.09% | -5.30% |
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 10.64% | 7.87% | 25.72% | 19.87% | 0.54% |
Correlation
The correlation between LYQ3.DE and MWOE.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2022 | 0.12 |
The correlation between LYQ3.DE and MWOE.DE shifts across timeframes, from 0.12 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LYQ3.DE vs. MWOE.DE — Risk / Return Rank
LYQ3.DE
MWOE.DE
LYQ3.DE vs. MWOE.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 World UCITS ETF - USD Dist (MWOE.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 | MWOE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.40 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 3.49 | -3.34 |
| Martin ratioReturn relative to average drawdown | 0.43 | 13.79 | -13.36 |
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 | MWOE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 2.12 | -1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | — | — |
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 | 1.21 | -0.54 |
Drawdowns
LYQ3.DE vs. MWOE.DE - Drawdown Comparison
The maximum LYQ3.DE drawdown since its inception was -12.43%, smaller than the maximum MWOE.DE drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for LYQ3.DE and MWOE.DE.
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Drawdown Indicators
| LYQ3.DE | MWOE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.43% | -21.83% | +9.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.38% | -6.74% | +4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -2.38% | -21.83% | +19.45% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -12.43% | — | — |
Current DrawdownCurrent decline from peak | -2.86% | -0.33% | -2.53% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -3.61% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.71% | -0.86% |
Volatility
LYQ3.DE vs. MWOE.DE - Volatility Comparison
The current volatility for Amundi Euro Government Bond 3-5Y UCITS ETF Acc (LYQ3.DE) is 0.99%, while Amundi MSCI World UCITS ETF - USD Dist (MWOE.DE) has a volatility of 2.63%. This indicates that LYQ3.DE experiences smaller price fluctuations and is considered to be less risky than MWOE.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 | MWOE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 2.63% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 2.23% | 7.67% | -5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 11.08% | -8.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.56% | 13.41% | -9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.80% | 13.41% | -10.61% |
LYQ3.DE vs. MWOE.DE - Expense Ratio Comparison
LYQ3.DE has a 0.17% expense ratio, which is higher than MWOE.DE's 0.12% 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. MWOE.DE - Dividend Comparison
LYQ3.DE has not paid dividends to shareholders, while MWOE.DE's dividend yield for the trailing twelve months is around 0.95%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
LYQ3.DE Amundi Euro Government Bond 3-5Y UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% |
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 0.95% | 1.33% | 1.20% | 0.58% |
Frequently Asked Questions
LYQ3.DE and MWOE.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWOE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWOE.DE is cheaper with a 0.12% expense ratio, compared with 0.17% for LYQ3.DE.
LYQ3.DE is categorized as European Government Bonds, while MWOE.DE is Global Equities. LYQ3.DE tracks Bloomberg Euro Treasury 50bn 3-5 Year Bond, while MWOE.DE tracks MSCI World. Their fees differ too: 0.17% for LYQ3.DE and 0.12% for MWOE.DE.
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