SWDA.L vs. LYQ2.DE
SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and LYQ2.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Acc) are both exchange-traded funds - SWDA.L is a Global Equities fund tracking the MSCI World Index, while LYQ2.DE is a European Government Bonds fund tracking the Bloomberg Euro Treasury 50bn 1-3 Year Bond. Both are passively managed. Over the past 10 years, SWDA.L returned 13.92%/yr vs 0.95%/yr for LYQ2.DE. At a 0.18 correlation, their price movements are largely independent. SWDA.L charges 0.20%/yr vs 0.17%/yr for LYQ2.DE.
Performance
SWDA.L vs. LYQ2.DE - Performance Comparison
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Different Trading Currencies
SWDA.L is traded in GBp, while LYQ2.DE is traded in EUR. To make them comparable, the LYQ2.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SWDA.L achieves a 8.84% return, which is significantly higher than LYQ2.DE's -0.93% return. Over the past 10 years, SWDA.L has outperformed LYQ2.DE with an annualized return of 13.92%, while LYQ2.DE has yielded a comparatively lower 0.95% annualized return.
SWDA.L
- 1D
- 1.55%
- 1M
- 0.30%
- YTD
- 8.84%
- 6M
- 9.32%
- 1Y
- 25.52%
- 3Y*
- 17.08%
- 5Y*
- 12.61%
- 10Y*
- 13.92%
LYQ2.DE
- 1D
- 0.08%
- 1M
- -0.01%
- YTD
- -0.93%
- 6M
- -1.37%
- 1Y
- 2.30%
- 3Y*
- 2.88%
- 5Y*
- 0.69%
- 10Y*
- 0.95%
SWDA.L vs. LYQ2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 8.84% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 23.03% | -3.78% | 11.78% |
LYQ2.DE Amundi Euro Government Bond 1-3Y UCITS ETF Acc | -0.93% | 7.46% | -1.52% | 1.21% | 0.23% | -7.84% | 5.43% | -5.32% | 0.96% | 3.61% |
Correlation
The correlation between SWDA.L and LYQ2.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | 0.18 |
The correlation between SWDA.L and LYQ2.DE shifts across timeframes, from 0.07 (3 years) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SWDA.L vs. LYQ2.DE — Risk / Return Rank
SWDA.L
LYQ2.DE
SWDA.L vs. LYQ2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) and Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.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.
| SWDA.L | LYQ2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.10 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 0.86 | +2.93 |
| Martin ratioReturn relative to average drawdown | 14.90 | 1.80 | +13.10 |
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Drawdowns
SWDA.L vs. LYQ2.DE - Drawdown Comparison
The maximum SWDA.L drawdown since its inception was -41.70%, which is greater than LYQ2.DE's maximum drawdown of -19.68%. Use the drawdown chart below to compare losses from any high point for SWDA.L and LYQ2.DE.
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Drawdown Indicators
| SWDA.L | LYQ2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.70% | -19.68% | -22.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -2.65% | -3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -3.13% | -15.37% |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | -6.63% | -11.87% |
Max Drawdown (10Y)Largest decline over 10 years | -25.58% | -14.11% | -11.47% |
Current DrawdownCurrent decline from peak | -1.23% | -5.51% | +4.28% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -7.51% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.27% | +0.40% |
Volatility
SWDA.L vs. LYQ2.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) has a higher volatility of 3.28% compared to Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) at 0.85%. This indicates that SWDA.L's price experiences larger fluctuations and is considered to be riskier than LYQ2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWDA.L | LYQ2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 0.85% | +2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 2.73% | +4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 4.11% | +6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 5.26% | +8.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.58% | 7.03% | +7.55% |
SWDA.L vs. LYQ2.DE - Expense Ratio Comparison
SWDA.L has a 0.20% expense ratio, which is higher than LYQ2.DE's 0.17% 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
SWDA.L vs. LYQ2.DE - Dividend Comparison
Neither SWDA.L nor LYQ2.DE has paid dividends to shareholders.
Frequently Asked Questions
SWDA.L and LYQ2.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYQ2.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYQ2.DE is cheaper with a 0.17% expense ratio, compared with 0.20% for SWDA.L.
SWDA.L is categorized as Global Equities, while LYQ2.DE is European Government Bonds. SWDA.L tracks MSCI World Index, while LYQ2.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for SWDA.L and 0.17% for LYQ2.DE.
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