ZPR6.DE vs. LYQS.DE
ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) and LYQS.DE (Amundi USD Emerging Markets Government Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds - ZPR6.DE tracks the ICE BofAML 0-5 EM USD Government Bond (EUR Hedged) while LYQS.DE tracks the J.P. Morgan EMBI Global Diversified Select Index. Both are passively managed. Over the past 5 years, ZPR6.DE returned 0.22%/yr vs 1.74%/yr for LYQS.DE. At a 0.40 correlation, their price movements are largely independent. ZPR6.DE charges 0.47%/yr vs 0.25%/yr for LYQS.DE.
Performance
ZPR6.DE vs. LYQS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPR6.DE achieves a -0.20% return, which is significantly lower than LYQS.DE's 5.26% return.
ZPR6.DE
- 1D
- -0.26%
- 1M
- -0.29%
- 6M
- -0.07%
- YTD
- -0.20%
- 1Y
- 2.24%
- 3Y*
- 3.93%
- 5Y*
- 0.22%
- 10Y*
- —
LYQS.DE
- 1D
- 0.17%
- 1M
- 2.22%
- 6M
- 5.27%
- YTD
- 5.26%
- 1Y
- 11.97%
- 3Y*
- 5.45%
- 5Y*
- 1.74%
- 10Y*
- 1.50%
ZPR6.DE vs. LYQS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPR6.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc | -0.20% | 5.64% | 3.09% | 3.98% | -9.09% | -1.16% | 0.67% | -0.10% |
LYQS.DE Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) | 5.26% | 0.04% | 6.43% | 5.45% | -11.25% | 5.76% | -5.23% | 6.35% |
Correlation
The correlation between ZPR6.DE and LYQS.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019 | 0.40 |
The correlation between ZPR6.DE and LYQS.DE shifts across timeframes, from 0.27 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ZPR6.DE vs. LYQS.DE — Risk / Return Rank
ZPR6.DE
LYQS.DE
ZPR6.DE vs. LYQS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.DE) and Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) (LYQS.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.
| ZPR6.DE | LYQS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.38 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 4.26 | -3.03 |
| Martin ratioReturn relative to average drawdown | 4.89 | 13.30 | -8.41 |
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Drawdowns
ZPR6.DE vs. LYQS.DE - Drawdown Comparison
The maximum ZPR6.DE drawdown since its inception was -13.49%, smaller than the maximum LYQS.DE drawdown of -33.51%. Use the drawdown chart below to compare losses from any high point for ZPR6.DE and LYQS.DE.
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Drawdown Indicators
| ZPR6.DE | LYQS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -33.51% | +20.02% |
Max Drawdown (1Y)Largest decline over 1 year | -1.81% | -2.80% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -1.81% | -12.78% | +10.97% |
Max Drawdown (5Y)Largest decline over 5 years | -13.37% | -16.18% | +2.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.61% | — |
Current DrawdownCurrent decline from peak | -0.71% | -0.99% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -12.92% | +8.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.90% | -0.45% |
Volatility
ZPR6.DE vs. LYQS.DE - Volatility Comparison
The current volatility for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.DE) is 0.59%, while Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) (LYQS.DE) has a volatility of 1.48%. This indicates that ZPR6.DE experiences smaller price fluctuations and is considered to be less risky than LYQS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPR6.DE | LYQS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 1.48% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 4.08% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 6.04% | -3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 9.63% | -5.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 17.02% | -11.92% |
ZPR6.DE vs. LYQS.DE - Expense Ratio Comparison
ZPR6.DE has a 0.47% expense ratio, which is higher than LYQS.DE's 0.25% expense ratio.
Dividends
ZPR6.DE vs. LYQS.DE - Dividend Comparison
ZPR6.DE has not paid dividends to shareholders, while LYQS.DE's dividend yield for the trailing twelve months is around 5.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LYQS.DE Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) | 5.09% | 5.36% | 3.57% | 6.06% | 6.00% | 4.33% | 4.48% | 5.10% | 5.08% | 5.40% | 5.15% | 6.61% |
ZPR6.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) 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% |
Frequently Asked Questions
ZPR6.DE and LYQS.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYQS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYQS.DE is cheaper with a 0.25% expense ratio, compared with 0.47% for ZPR6.DE.
ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged), while LYQS.DE tracks J.P. Morgan EMBI Global Diversified Select Index. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.47% for ZPR6.DE and 0.25% for LYQS.DE.
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