LYQS.DE vs. SYBM.DE
LYQS.DE (Amundi USD Emerging Markets Government Bond UCITS ETF (Dist)) and SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) are both Emerging Markets Bonds funds - LYQS.DE tracks the J.P. Morgan EMBI Global Diversified Select Index while SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond. Both are passively managed. Over the past 10 years, LYQS.DE returned 1.37%/yr vs 1.31%/yr for SYBM.DE. A 0.59 correlation means they provide meaningful diversification when combined. LYQS.DE charges 0.25%/yr vs 0.55%/yr for SYBM.DE.
Performance
LYQS.DE vs. SYBM.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 SYBM.DE's 2.31% return. Both investments have delivered pretty close results over the past 10 years, with LYQS.DE having a 1.37% annualized return and SYBM.DE not far behind at 1.31%.
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%
SYBM.DE
- 1D
- -0.43%
- 1M
- 0.16%
- 6M
- 0.83%
- YTD
- 2.31%
- 1Y
- 5.08%
- 3Y*
- 3.58%
- 5Y*
- 1.70%
- 10Y*
- 1.31%
LYQS.DE vs. SYBM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 17.03% | -0.39% | -4.62% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 2.31% | 2.48% | 3.06% | 5.79% | -4.56% | -0.97% | -5.72% | 14.76% | -1.48% | 0.35% |
Correlation
The correlation between LYQS.DE and SYBM.DE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 16, 2011 | 0.59 |
The correlation between LYQS.DE and SYBM.DE has been stable across timeframes, ranging from 0.56 to 0.59 - a consistent structural relationship.
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Return for Risk
LYQS.DE vs. SYBM.DE — Risk / Return Rank
LYQS.DE
SYBM.DE
LYQS.DE vs. SYBM.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 SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.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 | SYBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.88 | 1.30 | +2.58 |
| Martin ratioReturn relative to average drawdown | 11.90 | 3.93 | +7.97 |
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Drawdowns
LYQS.DE vs. SYBM.DE - Drawdown Comparison
The maximum LYQS.DE drawdown since its inception was -33.51%, which is greater than SYBM.DE's maximum drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for LYQS.DE and SYBM.DE.
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Drawdown Indicators
| LYQS.DE | SYBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.51% | -31.70% | -1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -3.90% | +1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -12.78% | -7.60% | -5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.18% | -8.64% | -7.54% |
Max Drawdown (10Y)Largest decline over 10 years | -25.61% | -16.37% | -9.24% |
Current DrawdownCurrent decline from peak | -1.60% | -5.31% | +3.71% |
Average DrawdownAverage peak-to-trough decline | -12.89% | -17.12% | +4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.29% | -0.38% |
Volatility
LYQS.DE vs. SYBM.DE - Volatility Comparison
Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) (LYQS.DE) has a higher volatility of 1.07% compared to SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) at 0.96%. This indicates that LYQS.DE's price experiences larger fluctuations and is considered to be riskier than SYBM.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 | SYBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.96% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.93% | 4.21% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 5.06% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.62% | 6.68% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 7.65% | +9.37% |
LYQS.DE vs. SYBM.DE - Expense Ratio Comparison
LYQS.DE has a 0.25% expense ratio, which is lower than SYBM.DE's 0.55% expense ratio.
Dividends
LYQS.DE vs. SYBM.DE - Dividend Comparison
LYQS.DE's dividend yield for the trailing twelve months is around 5.12%, more than SYBM.DE's 4.98% yield.
| 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% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 4.98% | 5.01% | 4.74% | 4.21% | 4.29% | 3.90% | 4.12% | 4.34% | 4.13% | 5.01% | 4.30% | 5.26% |
Frequently Asked Questions
LYQS.DE and SYBM.DE have a correlation of 0.56, 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 0.55% for SYBM.DE.
LYQS.DE tracks J.P. Morgan EMBI Global Diversified Select Index, while SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.25% for LYQS.DE and 0.55% for SYBM.DE.
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