X03B.DE vs. LYQ2.DE
X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) and LYQ2.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Acc) are both European Government Bonds funds - X03B.DE tracks the iBoxx® EUR Eurozone 1-3 while LYQ2.DE tracks the Bloomberg Euro Treasury 50bn 1-3 Year Bond. Both are passively managed. Over the past 10 years, X03B.DE returned 0.23%/yr vs 0.10%/yr for LYQ2.DE. Their correlation of 0.88 suggests significant overlap in exposure. X03B.DE charges 0.15%/yr vs 0.17%/yr for LYQ2.DE.
Performance
X03B.DE vs. LYQ2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X03B.DE achieves a 0.05% return, which is significantly higher than LYQ2.DE's 0.02% return. Over the past 10 years, X03B.DE has outperformed LYQ2.DE with an annualized return of 0.23%, while LYQ2.DE has yielded a comparatively lower 0.10% annualized return.
X03B.DE
- 1D
- 0.04%
- 1M
- 0.05%
- YTD
- 0.05%
- 6M
- 0.20%
- 1Y
- 0.95%
- 3Y*
- 2.63%
- 5Y*
- 0.68%
- 10Y*
- 0.23%
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%
X03B.DE vs. LYQ2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.05% | 2.25% | 3.05% | 3.35% | -4.64% | -0.79% | -0.13% | 0.14% | -0.34% | -0.48% |
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 X03B.DE and LYQ2.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2012 | 0.88 |
The correlation between X03B.DE and LYQ2.DE has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.
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Return for Risk
X03B.DE vs. LYQ2.DE — Risk / Return Rank
X03B.DE
LYQ2.DE
X03B.DE vs. LYQ2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.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.
| X03B.DE | LYQ2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.11 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.58 | +0.06 |
| Martin ratioReturn relative to average drawdown | 2.04 | 1.82 | +0.22 |
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
| X03B.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.56 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.33 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.07 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.88 | -0.31 |
Drawdowns
X03B.DE vs. LYQ2.DE - Drawdown Comparison
The maximum X03B.DE drawdown since its inception was -6.78%, smaller than the maximum LYQ2.DE drawdown of -7.75%. Use the drawdown chart below to compare losses from any high point for X03B.DE and LYQ2.DE.
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Drawdown Indicators
| X03B.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -7.75% | +0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -1.22% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -1.28% | -1.22% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -5.67% | -6.02% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -6.78% | -7.75% | +0.97% |
Current DrawdownCurrent decline from peak | -0.51% | -0.55% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -1.30% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.39% | +0.01% |
Volatility
X03B.DE vs. LYQ2.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) is 0.50%, while Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) has a volatility of 0.55%. This indicates that X03B.DE experiences smaller price fluctuations and is considered to be less risky 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
| X03B.DE | LYQ2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 0.55% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 1.14% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 1.26% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.63% | 1.65% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.32% | 1.31% | +0.01% |
X03B.DE vs. LYQ2.DE - Expense Ratio Comparison
X03B.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
X03B.DE vs. LYQ2.DE - Dividend Comparison
X03B.DE's dividend yield for the trailing twelve months is around 1.53%, 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% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 1.53% | 1.39% | 0.98% | 0.28% | 0.12% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.66% |
Frequently Asked Questions
X03B.DE and LYQ2.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X03B.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X03B.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for LYQ2.DE.
X03B.DE tracks iBoxx® EUR Eurozone 1-3, while LYQ2.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.15% for X03B.DE and 0.17% for LYQ2.DE.
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