XXSC.L vs. LYQ2.DE
XXSC.L (Xtrackers MSCI Europe Small Cap UCITS ETF 1C) and LYQ2.DE (Amundi Euro Government Bond 1-3Y UCITS ETF Acc) are both exchange-traded funds - XXSC.L is a Europe Equities fund tracking the MSCI Europe Small Cap NR EUR, 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, XXSC.L returned 8.98%/yr vs 0.95%/yr for LYQ2.DE. At a 0.17 correlation, their price movements are largely independent. XXSC.L charges 0.30%/yr vs 0.17%/yr for LYQ2.DE.
Performance
XXSC.L vs. LYQ2.DE - Performance Comparison
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Different Trading Currencies
XXSC.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, XXSC.L achieves a 6.17% return, which is significantly higher than LYQ2.DE's -0.93% return. Over the past 10 years, XXSC.L has outperformed LYQ2.DE with an annualized return of 8.98%, while LYQ2.DE has yielded a comparatively lower 0.95% annualized return.
XXSC.L
- 1D
- 1.71%
- 1M
- 1.58%
- YTD
- 6.17%
- 6M
- 8.47%
- 1Y
- 13.53%
- 3Y*
- 11.34%
- 5Y*
- 4.15%
- 10Y*
- 8.98%
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%
XXSC.L vs. LYQ2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C | 6.17% | 22.28% | 0.76% | 10.44% | -17.50% | 15.39% | 10.55% | 24.37% | -14.57% | 23.35% |
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 XXSC.L and LYQ2.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2008 | 0.17 |
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Return for Risk
XXSC.L vs. LYQ2.DE — Risk / Return Rank
XXSC.L
LYQ2.DE
XXSC.L vs. LYQ2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.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.
| XXSC.L | LYQ2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.10 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 0.86 | +0.38 |
| Martin ratioReturn relative to average drawdown | 4.44 | 1.80 | +2.64 |
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Drawdowns
XXSC.L vs. LYQ2.DE - Drawdown Comparison
The maximum XXSC.L drawdown since its inception was -74.17%, 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 XXSC.L and LYQ2.DE.
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Drawdown Indicators
| XXSC.L | LYQ2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.17% | -19.68% | -54.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -2.65% | -8.14% |
Max Drawdown (3Y)Largest decline over 3 years | -19.10% | -3.13% | -15.97% |
Max Drawdown (5Y)Largest decline over 5 years | -30.74% | -6.63% | -24.11% |
Max Drawdown (10Y)Largest decline over 10 years | -35.75% | -14.11% | -21.64% |
Current DrawdownCurrent decline from peak | -1.69% | -5.51% | +3.82% |
Average DrawdownAverage peak-to-trough decline | -20.66% | -7.51% | -13.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 1.27% | +1.77% |
Volatility
XXSC.L vs. LYQ2.DE - Volatility Comparison
Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) has a higher volatility of 3.81% compared to Amundi Euro Government Bond 1-3Y UCITS ETF Acc (LYQ2.DE) at 0.85%. This indicates that XXSC.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
| XXSC.L | LYQ2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 0.85% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 2.73% | +7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 4.11% | +8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.53% | 5.26% | +15.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 7.03% | +11.28% |
XXSC.L vs. LYQ2.DE - Expense Ratio Comparison
XXSC.L has a 0.30% expense ratio, which is higher than LYQ2.DE's 0.17% expense ratio.
Dividends
XXSC.L vs. LYQ2.DE - Dividend Comparison
Neither XXSC.L nor LYQ2.DE has paid dividends to shareholders.
Frequently Asked Questions
XXSC.L and LYQ2.DE have a correlation of 0.20, 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 0.30% for XXSC.L.
XXSC.L is categorized as Europe Equities, while LYQ2.DE is European Government Bonds. XXSC.L tracks MSCI Europe Small Cap NR EUR, while LYQ2.DE tracks Bloomberg Euro Treasury 50bn 1-3 Year Bond. They also come from different issuers: DWS and Amundi. Their fees differ too: 0.30% for XXSC.L and 0.17% for LYQ2.DE.
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