LYQS.DE vs. XUEM.DE
LYQS.DE (Amundi USD Emerging Markets Government Bond UCITS ETF (Dist)) and XUEM.DE (Xtrackers USD Emerging Markets Bond UCITS ETF 2D) are both Emerging Markets Bonds funds - LYQS.DE tracks the J.P. Morgan EMBI Global Diversified Select Index while XUEM.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, LYQS.DE returned 1.74%/yr vs 2.65%/yr for XUEM.DE. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
LYQS.DE vs. XUEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LYQS.DE achieves a 5.26% return, which is significantly lower than XUEM.DE's 5.97% return.
LYQS.DE
- 1D
- 0.17%
- 1M
- 2.22%
- 6M
- 5.27%
- YTD
- 5.26%
- 1Y
- 11.97%
- 3Y*
- 5.45%
- 5Y*
- 1.74%
- 10Y*
- 1.50%
XUEM.DE
- 1D
- 0.19%
- 1M
- 2.12%
- 6M
- 6.07%
- YTD
- 5.97%
- 1Y
- 13.91%
- 3Y*
- 7.90%
- 5Y*
- 2.65%
- 10Y*
- —
LYQS.DE vs. XUEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LYQS.DE Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) | 5.26% | 0.04% | 6.43% | 5.45% | -11.25% | 5.76% | -5.23% | 17.03% | 6.01% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 5.97% | 1.05% | 12.16% | 7.17% | -14.21% | 5.47% | -6.15% | 17.95% | -11.62% |
Correlation
The correlation between LYQS.DE and XUEM.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 9, 2018 | 0.84 |
The correlation between LYQS.DE and XUEM.DE has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
LYQS.DE vs. XUEM.DE — Risk / Return Rank
LYQS.DE
XUEM.DE
LYQS.DE vs. XUEM.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 Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.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 | XUEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.44 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.26 | 5.15 | -0.89 |
| Martin ratioReturn relative to average drawdown | 13.30 | 15.44 | -2.13 |
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Drawdowns
LYQS.DE vs. XUEM.DE - Drawdown Comparison
The maximum LYQS.DE drawdown since its inception was -33.51%, which is greater than XUEM.DE's maximum drawdown of -26.81%. Use the drawdown chart below to compare losses from any high point for LYQS.DE and XUEM.DE.
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Drawdown Indicators
| LYQS.DE | XUEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.51% | -26.81% | -6.70% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -2.69% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -12.78% | -13.41% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -16.18% | -17.53% | +1.35% |
Max Drawdown (10Y)Largest decline over 10 years | -25.61% | — | — |
Current DrawdownCurrent decline from peak | -0.99% | -0.56% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -12.92% | -10.07% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.90% | 0.00% |
Volatility
LYQS.DE vs. XUEM.DE - Volatility Comparison
Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) (LYQS.DE) has a higher volatility of 1.48% compared to Xtrackers USD Emerging Markets Bond UCITS ETF 2D (XUEM.DE) at 1.39%. This indicates that LYQS.DE's price experiences larger fluctuations and is considered to be riskier than XUEM.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 | XUEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.39% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 4.08% | 3.90% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.04% | 6.12% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.63% | 8.73% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 11.76% | +5.26% |
LYQS.DE vs. XUEM.DE - Expense Ratio Comparison
Both LYQS.DE and XUEM.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LYQS.DE vs. XUEM.DE - Dividend Comparison
LYQS.DE's dividend yield for the trailing twelve months is around 5.09%, which matches XUEM.DE's 5.09% 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) | 5.09% | 5.36% | 3.57% | 6.06% | 6.00% | 4.33% | 4.48% | 5.10% | 5.08% | 5.40% | 5.15% | 6.61% |
XUEM.DE Xtrackers USD Emerging Markets Bond UCITS ETF 2D | 5.09% | 5.56% | 6.56% | 5.40% | 5.95% | 8.12% | 4.58% | 0.61% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, LYQS.DE and XUEM.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LYQS.DE and XUEM.DE have the same expense ratio: 0.25% per year.
LYQS.DE tracks J.P. Morgan EMBI Global Diversified Select Index, while XUEM.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: Amundi and Xtrackers.
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