XZEB.DE vs. LYQ3.DE
XZEB.DE (Xtrackers II ESG Eurozone Government Bond UCITS ETF) and LYQ3.DE (Amundi Euro Government Bond 3-5Y UCITS ETF Acc) are both European Government Bonds funds - XZEB.DE tracks the FTSE ESG Select EMU Government Bond while LYQ3.DE tracks the Bloomberg Euro Treasury 50bn 3-5 Year Bond. Both are passively managed. Over the past 3 years, XZEB.DE returned 1.37%/yr vs 2.71%/yr for LYQ3.DE. Their correlation of 0.93 suggests significant overlap in exposure. XZEB.DE charges 0.15%/yr vs 0.17%/yr for LYQ3.DE.
Performance
XZEB.DE vs. LYQ3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZEB.DE achieves a 0.20% return, which is significantly higher than LYQ3.DE's -0.32% return.
XZEB.DE
- 1D
- 0.07%
- 1M
- -0.04%
- YTD
- 0.20%
- 6M
- 0.18%
- 1Y
- -0.32%
- 3Y*
- 1.37%
- 5Y*
- —
- 10Y*
- —
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%
XZEB.DE vs. LYQ3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XZEB.DE Xtrackers II ESG Eurozone Government Bond UCITS ETF | 0.20% | -0.59% | 0.01% | 5.77% | -7.62% |
LYQ3.DE Amundi Euro Government Bond 3-5Y UCITS ETF Acc | -0.32% | 2.66% | 2.16% | 5.09% | -5.00% |
Correlation
The correlation between XZEB.DE and LYQ3.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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.93 |
The correlation between XZEB.DE and LYQ3.DE has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
XZEB.DE vs. LYQ3.DE — Risk / Return Rank
XZEB.DE
LYQ3.DE
XZEB.DE vs. LYQ3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB.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.
| XZEB.DE | LYQ3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.03 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 0.15 | -0.39 |
| Martin ratioReturn relative to average drawdown | -0.53 | 0.43 | -0.97 |
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
| XZEB.DE | LYQ3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.17 | 0.15 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.10 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.67 | -0.77 |
Drawdowns
XZEB.DE vs. LYQ3.DE - Drawdown Comparison
The maximum XZEB.DE drawdown since its inception was -13.98%, which is greater than LYQ3.DE's maximum drawdown of -12.43%. Use the drawdown chart below to compare losses from any high point for XZEB.DE and LYQ3.DE.
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Drawdown Indicators
| XZEB.DE | LYQ3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.98% | -12.43% | -1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.97% | -2.38% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -4.45% | -2.38% | -2.07% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -12.43% | — |
Current DrawdownCurrent decline from peak | -7.28% | -2.86% | -4.42% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -2.20% | -6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.85% | +0.48% |
Volatility
XZEB.DE vs. LYQ3.DE - Volatility Comparison
Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB.DE) has a higher volatility of 1.57% compared to Amundi Euro Government Bond 3-5Y UCITS ETF Acc (LYQ3.DE) at 0.99%. This indicates that XZEB.DE's price experiences larger fluctuations and is considered to be riskier 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
| XZEB.DE | LYQ3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 0.99% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 2.23% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 2.51% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 3.56% | +2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.32% | 2.80% | +3.52% |
XZEB.DE vs. LYQ3.DE - Expense Ratio Comparison
XZEB.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
XZEB.DE vs. LYQ3.DE - Dividend Comparison
Neither XZEB.DE nor LYQ3.DE has paid dividends to shareholders.
Frequently Asked Questions
XZEB.DE and LYQ3.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, XZEB.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZEB.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for LYQ3.DE.
XZEB.DE tracks FTSE ESG Select EMU Government Bond, 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 XZEB.DE and 0.17% for LYQ3.DE.
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