X03B.DE vs. LYQ3.DE
X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) and LYQ3.DE (Amundi Euro Government Bond 3-5Y UCITS ETF Acc) are both European Government Bonds funds - X03B.DE tracks the iBoxx® EUR Eurozone 1-3 while LYQ3.DE tracks the Bloomberg Euro Treasury 50bn 3-5 Year Bond. Both are passively managed. Over the past 10 years, X03B.DE returned 0.23%/yr vs -0.05%/yr for LYQ3.DE. Their correlation of 0.87 suggests significant overlap in exposure. X03B.DE charges 0.15%/yr vs 0.17%/yr for LYQ3.DE.
Performance
X03B.DE vs. LYQ3.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 LYQ3.DE's -0.32% return. Over the past 10 years, X03B.DE has outperformed LYQ3.DE with an annualized return of 0.23%, while LYQ3.DE has yielded a comparatively lower -0.05% 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%
LYQ3.DE
- 1D
- 0.05%
- 1M
- -0.07%
- YTD
- -0.32%
- 6M
- -0.08%
- 1Y
- 0.63%
- 3Y*
- 2.71%
- 5Y*
- -0.36%
- 10Y*
- -0.05%
X03B.DE vs. LYQ3.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% |
LYQ3.DE Amundi Euro Government Bond 3-5Y UCITS ETF Acc | -0.32% | 2.66% | 2.16% | 5.09% | -10.00% | -1.33% | 1.07% | 1.11% | -0.34% | -0.27% |
Correlation
The correlation between X03B.DE and LYQ3.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
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 | 0.87 |
The correlation between X03B.DE and LYQ3.DE has been stable across timeframes, ranging from 0.87 to 0.95 - a consistent structural relationship.
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Return for Risk
X03B.DE vs. LYQ3.DE — Risk / Return Rank
X03B.DE
LYQ3.DE
X03B.DE vs. LYQ3.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 3-5Y UCITS ETF Acc (LYQ3.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 | LYQ3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.03 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.15 | +0.48 |
| Martin ratioReturn relative to average drawdown | 2.04 | 0.43 | +1.61 |
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 | LYQ3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.15 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | -0.10 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | -0.02 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.67 | -0.09 |
Drawdowns
X03B.DE vs. LYQ3.DE - Drawdown Comparison
The maximum X03B.DE drawdown since its inception was -6.78%, smaller than the maximum LYQ3.DE drawdown of -12.43%. Use the drawdown chart below to compare losses from any high point for X03B.DE and LYQ3.DE.
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Drawdown Indicators
| X03B.DE | LYQ3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -12.43% | +5.65% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -2.38% | +1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -1.28% | -2.38% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -5.67% | -12.02% | +6.35% |
Max Drawdown (10Y)Largest decline over 10 years | -6.78% | -12.43% | +5.65% |
Current DrawdownCurrent decline from peak | -0.51% | -2.86% | +2.35% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -2.20% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.85% | -0.45% |
Volatility
X03B.DE vs. LYQ3.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 3-5Y UCITS ETF Acc (LYQ3.DE) has a volatility of 0.99%. This indicates that X03B.DE experiences smaller price fluctuations and is considered to be less risky than LYQ3.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 | LYQ3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 0.99% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 1.20% | 2.23% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 2.51% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.63% | 3.56% | -1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.32% | 2.80% | -1.48% |
X03B.DE vs. LYQ3.DE - Expense Ratio Comparison
X03B.DE has a 0.15% expense ratio, which is lower than LYQ3.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. LYQ3.DE - Dividend Comparison
X03B.DE's dividend yield for the trailing twelve months is around 1.53%, while LYQ3.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LYQ3.DE Amundi Euro Government Bond 3-5Y 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
With a correlation of 0.91, X03B.DE and LYQ3.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 LYQ3.DE.
X03B.DE tracks iBoxx® EUR Eurozone 1-3, while LYQ3.DE tracks Bloomberg Euro Treasury 50bn 3-5 Year Bond. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.15% for X03B.DE and 0.17% for LYQ3.DE.
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