VWCE.DE vs. LYQ2.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and LYQ2.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Acc) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-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 5 years, VWCE.DE returned 11.89%/yr vs 0.57%/yr for LYQ2.DE. At a 0.07 correlation, their price movements are largely independent. VWCE.DE charges 0.19%/yr vs 0.17%/yr for LYQ2.DE.
Performance
VWCE.DE vs. LYQ2.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VWCE.DE achieves a 11.72% return, which is significantly higher than LYQ2.DE's 0.15% return.
VWCE.DE
- 1D
- 1.82%
- 1M
- 2.09%
- YTD
- 11.72%
- 6M
- 13.39%
- 1Y
- 25.76%
- 3Y*
- 17.02%
- 5Y*
- 11.89%
- 10Y*
- —
LYQ2.DE
- 1D
- 0.10%
- 1M
- 0.38%
- YTD
- 0.15%
- 6M
- 0.36%
- 1Y
- 0.82%
- 3Y*
- 2.60%
- 5Y*
- 0.57%
- 10Y*
- 0.12%
VWCE.DE vs. LYQ2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.72% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 7.08% |
LYQ2.DE Amundi Euro Government Bond 1-3Y UCITS ETF Acc | 0.15% | 2.14% | 2.97% | 3.27% | -4.97% | -0.84% | -0.20% | -0.47% |
Correlation
The correlation between VWCE.DE and LYQ2.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.07 |
The correlation between VWCE.DE and LYQ2.DE shifts across timeframes, from 0.07 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VWCE.DE vs. LYQ2.DE — Risk / Return Rank
VWCE.DE
LYQ2.DE
VWCE.DE vs. LYQ2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWCE.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.
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.
| VWCE.DE | LYQ2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.12 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 0.67 | +3.25 |
| Martin ratioReturn relative to average drawdown | 16.07 | 2.05 | +14.03 |
Loading charts...
Drawdowns
VWCE.DE vs. LYQ2.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, 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 VWCE.DE and LYQ2.DE.
Loading charts...
Drawdown Indicators
| VWCE.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -7.75% | -25.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -1.22% | -5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -1.22% | -19.85% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -6.02% | -15.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -7.75% | — |
Current DrawdownCurrent decline from peak | -1.47% | -0.43% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -1.28% | -3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 0.40% | +1.20% |
Volatility
VWCE.DE vs. LYQ2.DE - Volatility Comparison
Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a higher volatility of 3.40% compared to Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) at 0.53%. This indicates that VWCE.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.
Loading charts...
Volatility by Period
| VWCE.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 0.53% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 1.17% | +7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 1.28% | +10.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 1.65% | +12.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 1.31% | +14.85% |
VWCE.DE vs. LYQ2.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% 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
VWCE.DE vs. LYQ2.DE - Dividend Comparison
Neither VWCE.DE nor LYQ2.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and LYQ2.DE have a correlation of 0.25, 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 0.19% for VWCE.DE.
VWCE.DE is categorized as Global Equities, while LYQ2.DE is European Government Bonds. VWCE.DE tracks FTSE All-World Index, while LYQ2.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.19% for VWCE.DE and 0.17% for LYQ2.DE.
Find the right allocation for VWCE.DE and LYQ2.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer