LYQS.DE vs. SPFD.DE
LYQS.DE (Amundi USD Emerging Markets Government Bond UCITS ETF (Dist)) and SPFD.DE (State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc)) are both Emerging Markets Bonds funds - LYQS.DE tracks the J.P. Morgan EMBI Global Diversified Select Index while SPFD.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond Index (EUR Hedged). Both are passively managed. Over the past 5 years, LYQS.DE returned 1.43%/yr vs -1.32%/yr for SPFD.DE. At a 0.06 correlation, their price movements are largely independent. LYQS.DE charges 0.25%/yr vs 0.60%/yr for SPFD.DE.
Performance
LYQS.DE vs. SPFD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LYQS.DE achieves a 4.61% return, which is significantly higher than SPFD.DE's -1.67% return.
LYQS.DE
- 1D
- 0.10%
- 1M
- 0.68%
- 6M
- 3.34%
- YTD
- 4.61%
- 1Y
- 10.90%
- 3Y*
- 5.80%
- 5Y*
- 1.43%
- 10Y*
- 1.37%
SPFD.DE
- 1D
- -0.29%
- 1M
- -1.28%
- 6M
- -1.60%
- YTD
- -1.67%
- 1Y
- 1.39%
- 3Y*
- 1.86%
- 5Y*
- -1.32%
- 10Y*
- —
LYQS.DE vs. SPFD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LYQS.DE Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) | 4.61% | 0.04% | 6.43% | 5.45% | -11.25% | 5.76% | -5.23% | 1.13% |
SPFD.DE State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) | -1.67% | 12.44% | -4.38% | 6.62% | -12.76% | -9.84% | 1.86% | 2.40% |
Correlation
The correlation between LYQS.DE and SPFD.DE is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2019 | 0.06 |
The correlation between LYQS.DE and SPFD.DE shifts across timeframes, from -0.13 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LYQS.DE vs. SPFD.DE — Risk / Return Rank
LYQS.DE
SPFD.DE
LYQS.DE vs. SPFD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) (LYQS.DE) and State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) (SPFD.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LYQS.DE | SPFD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.04 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.88 | 0.21 | +3.67 |
| Martin ratioReturn relative to average drawdown | 11.90 | 0.52 | +11.38 |
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Drawdowns
LYQS.DE vs. SPFD.DE - Drawdown Comparison
The maximum LYQS.DE drawdown since its inception was -33.51%, which is greater than SPFD.DE's maximum drawdown of -28.89%. Use the drawdown chart below to compare losses from any high point for LYQS.DE and SPFD.DE.
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Drawdown Indicators
| LYQS.DE | SPFD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.51% | -28.89% | -4.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -6.69% | +3.89% |
Max Drawdown (3Y)Largest decline over 3 years | -12.78% | -8.98% | -3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -16.18% | -25.45% | +9.27% |
Max Drawdown (10Y)Largest decline over 10 years | -25.61% | — | — |
Current DrawdownCurrent decline from peak | -1.60% | -11.63% | +10.03% |
Average DrawdownAverage peak-to-trough decline | -12.89% | -13.40% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 2.66% | -1.75% |
Volatility
LYQS.DE vs. SPFD.DE - Volatility Comparison
The current volatility for Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) (LYQS.DE) is 1.07%, while State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) (SPFD.DE) has a volatility of 1.65%. This indicates that LYQS.DE experiences smaller price fluctuations and is considered to be less risky than SPFD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LYQS.DE | SPFD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.65% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.93% | 6.80% | -2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 7.47% | -1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.62% | 7.99% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 8.38% | +8.64% |
LYQS.DE vs. SPFD.DE - Expense Ratio Comparison
LYQS.DE has a 0.25% expense ratio, which is lower than SPFD.DE's 0.60% expense ratio.
Dividends
LYQS.DE vs. SPFD.DE - Dividend Comparison
LYQS.DE's dividend yield for the trailing twelve months is around 5.12%, while SPFD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LYQS.DE Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) | 5.12% | 5.36% | 3.57% | 6.06% | 6.00% | 4.33% | 4.48% | 5.10% | 5.08% | 5.40% | 5.15% | 6.61% |
SPFD.DE State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (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
LYQS.DE and SPFD.DE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYQS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYQS.DE is cheaper with a 0.25% expense ratio, compared with 0.60% for SPFD.DE.
LYQS.DE tracks J.P. Morgan EMBI Global Diversified Select Index, while SPFD.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond Index (EUR Hedged). They also come from different issuers: Amundi and State Street. Their fees differ too: 0.25% for LYQS.DE and 0.60% for SPFD.DE.
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