LYQY.DE vs. AYE2.DE
LYQY.DE (Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist) and AYE2.DE (iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc) are both European High Yield Bonds funds - LYQY.DE tracks the Bloomberg MSCI Euro Corporate High Yield SRI Sustainable while AYE2.DE tracks the Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond. Both are passively managed. Over the past 5 years, LYQY.DE returned 1.41%/yr vs 2.45%/yr for AYE2.DE. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
LYQY.DE vs. AYE2.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with LYQY.DE having a 0.68% return and AYE2.DE slightly higher at 0.71%.
LYQY.DE
- 1D
- -0.02%
- 1M
- 0.38%
- YTD
- 0.68%
- 6M
- 0.94%
- 1Y
- 3.77%
- 3Y*
- 5.38%
- 5Y*
- 1.41%
- 10Y*
- 2.39%
AYE2.DE
- 1D
- -0.10%
- 1M
- 0.40%
- YTD
- 0.71%
- 6M
- 1.00%
- 1Y
- 4.01%
- 3Y*
- 6.88%
- 5Y*
- 2.45%
- 10Y*
- —
LYQY.DE vs. AYE2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LYQY.DE Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist | 0.68% | 5.63% | 6.21% | 6.03% | -10.82% | 0.89% |
AYE2.DE iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc | 0.71% | 5.88% | 6.36% | 10.77% | -10.72% | 0.80% |
Correlation
The correlation between LYQY.DE and AYE2.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.80 |
The correlation between LYQY.DE and AYE2.DE shifts across timeframes, from 0.62 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LYQY.DE vs. AYE2.DE — Risk / Return Rank
LYQY.DE
AYE2.DE
LYQY.DE vs. AYE2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist (LYQY.DE) and iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.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.
| LYQY.DE | AYE2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.21 | +0.03 |
| Martin ratioReturn relative to average drawdown | 5.20 | 5.15 | +0.05 |
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
| LYQY.DE | AYE2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.05 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.45 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.45 | +0.07 |
Drawdowns
LYQY.DE vs. AYE2.DE - Drawdown Comparison
The maximum LYQY.DE drawdown since its inception was -25.79%, which is greater than AYE2.DE's maximum drawdown of -16.48%. Use the drawdown chart below to compare losses from any high point for LYQY.DE and AYE2.DE.
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Drawdown Indicators
| LYQY.DE | AYE2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.79% | -16.48% | -9.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -3.10% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -3.47% | -3.69% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.59% | -16.48% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -25.79% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -0.33% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -3.96% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.73% | 0.00% |
Volatility
LYQY.DE vs. AYE2.DE - Volatility Comparison
The current volatility for Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist (LYQY.DE) is 0.75%, while iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) has a volatility of 0.98%. This indicates that LYQY.DE experiences smaller price fluctuations and is considered to be less risky than AYE2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LYQY.DE | AYE2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 0.98% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 3.09% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 3.58% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 5.34% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.06% | 5.26% | +1.80% |
LYQY.DE vs. AYE2.DE - Expense Ratio Comparison
Both LYQY.DE and AYE2.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
LYQY.DE vs. AYE2.DE - Dividend Comparison
LYQY.DE's dividend yield for the trailing twelve months is around 4.05%, while AYE2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AYE2.DE iShares EUR High Yield Corporate Bond ESG 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% |
LYQY.DE Lyxor ESG Euro High Yield (DR) UCITS ETF - Dist | 4.05% | 4.08% | 2.29% | 0.00% | 3.54% | 2.85% | 3.15% | 3.67% | 4.01% | 4.05% | 4.79% | 4.42% |
Frequently Asked Questions
LYQY.DE and AYE2.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LYQY.DE and AYE2.DE have the same expense ratio: 0.25% per year.
LYQY.DE tracks Bloomberg MSCI Euro Corporate High Yield SRI Sustainable, while AYE2.DE tracks Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond. They also come from different issuers: Amundi and iShares.
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