SYBG.DE vs. LYQ2.DE
SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) and LYQ2.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Acc) are both European Government Bonds funds - SYBG.DE tracks the Bloomberg UK Gilt while LYQ2.DE tracks the Bloomberg Euro Treasury 50bn 1-3 Year Bond. Both are passively managed. Over the past 10 years, SYBG.DE returned -2.10%/yr vs 0.10%/yr for LYQ2.DE. At a 0.39 correlation, their price movements are largely independent. SYBG.DE charges 0.15%/yr vs 0.17%/yr for LYQ2.DE.
Performance
SYBG.DE vs. LYQ2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBG.DE achieves a -0.52% return, which is significantly lower than LYQ2.DE's 0.02% return. Over the past 10 years, SYBG.DE has underperformed LYQ2.DE with an annualized return of -2.10%, while LYQ2.DE has yielded a comparatively higher 0.10% annualized return.
SYBG.DE
- 1D
- 0.06%
- 1M
- 0.46%
- YTD
- -0.52%
- 6M
- -0.19%
- 1Y
- -0.66%
- 3Y*
- 1.99%
- 5Y*
- -5.01%
- 10Y*
- -2.10%
LYQ2.DE
- 1D
- 0.02%
- 1M
- 0.00%
- YTD
- 0.02%
- 6M
- 0.14%
- 1Y
- 0.85%
- 3Y*
- 2.54%
- 5Y*
- 0.55%
- 10Y*
- 0.10%
SYBG.DE vs. LYQ2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | -0.52% | 0.15% | 0.09% | 5.36% | -28.98% | 2.15% | 1.98% | 13.19% | -1.03% | -1.99% |
LYQ2.DE Amundi Euro Government Bond 1-3Y UCITS ETF Acc | 0.02% | 2.14% | 2.96% | 3.27% | -4.97% | -0.84% | -0.20% | -0.12% | -0.45% | -0.63% |
Correlation
The correlation between SYBG.DE and LYQ2.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since May 21, 2012 | 0.39 |
The correlation between SYBG.DE and LYQ2.DE shifts across timeframes, from 0.39 (all time) to 0.61 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBG.DE vs. LYQ2.DE — Risk / Return Rank
SYBG.DE
LYQ2.DE
SYBG.DE vs. LYQ2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) 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.
| SYBG.DE | LYQ2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.11 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 0.58 | -0.70 |
| Martin ratioReturn relative to average drawdown | -0.29 | 1.82 | -2.11 |
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
| SYBG.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 0.56 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.33 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.19 | 0.07 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.88 | -0.90 |
Drawdowns
SYBG.DE vs. LYQ2.DE - Drawdown Comparison
The maximum SYBG.DE drawdown since its inception was -36.77%, which is greater than LYQ2.DE's maximum drawdown of -7.75%. Use the drawdown chart below to compare losses from any high point for SYBG.DE and LYQ2.DE.
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Drawdown Indicators
| SYBG.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.77% | -7.75% | -29.02% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -1.22% | -4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -8.77% | -1.22% | -7.55% |
Max Drawdown (5Y)Largest decline over 5 years | -36.25% | -6.02% | -30.23% |
Max Drawdown (10Y)Largest decline over 10 years | -36.77% | -7.75% | -29.02% |
Current DrawdownCurrent decline from peak | -28.15% | -0.55% | -27.60% |
Average DrawdownAverage peak-to-trough decline | -13.60% | -1.30% | -12.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 0.39% | +1.96% |
Volatility
SYBG.DE vs. LYQ2.DE - Volatility Comparison
SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a higher volatility of 3.47% compared to Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) at 0.55%. This indicates that SYBG.DE'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
| SYBG.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 0.55% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 6.13% | 1.14% | +4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.05% | 1.26% | +6.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.82% | 1.65% | +10.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.14% | 1.31% | +9.83% |
SYBG.DE vs. LYQ2.DE - Expense Ratio Comparison
SYBG.DE has a 0.15% expense ratio, which is lower than LYQ2.DE's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SYBG.DE vs. LYQ2.DE - Dividend Comparison
SYBG.DE's dividend yield for the trailing twelve months is around 3.82%, while LYQ2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LYQ2.DE Amundi Euro Government Bond 1-3Y UCITS ETF 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% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 3.82% | 3.64% | 2.67% | 1.69% | 1.22% | 0.82% | 1.11% | 1.14% | 1.28% | 1.61% | 1.77% | 1.89% |
Frequently Asked Questions
SYBG.DE and LYQ2.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBG.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBG.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for LYQ2.DE.
SYBG.DE tracks Bloomberg UK Gilt, while LYQ2.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.15% for SYBG.DE and 0.17% for LYQ2.DE.
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