AHYE.DE vs. LYP6.DE
AHYE.DE (Amundi Euro High Yield Bond ESG UCITS ETF EUR) and LYP6.DE (Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc) are both exchange-traded funds - AHYE.DE is a European High Yield Bonds fund tracking the iBoxx MSCI ESG EUR High Yield Corporates, while LYP6.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 5 years, AHYE.DE returned 1.77%/yr vs 9.75%/yr for LYP6.DE. A 0.64 correlation means they provide meaningful diversification when combined. AHYE.DE charges 0.40%/yr vs 0.07%/yr for LYP6.DE.
Performance
AHYE.DE vs. LYP6.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AHYE.DE achieves a 0.37% return, which is significantly lower than LYP6.DE's 7.48% return.
AHYE.DE
- 1D
- -0.11%
- 1M
- 0.43%
- YTD
- 0.37%
- 6M
- 0.67%
- 1Y
- 3.35%
- 3Y*
- 6.16%
- 5Y*
- 1.77%
- 10Y*
- 2.89%
LYP6.DE
- 1D
- 0.57%
- 1M
- 0.92%
- YTD
- 7.48%
- 6M
- 10.12%
- 1Y
- 16.32%
- 3Y*
- 13.98%
- 5Y*
- 9.75%
- 10Y*
- —
AHYE.DE vs. LYP6.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHYE.DE Amundi Euro High Yield Bond ESG UCITS ETF EUR | 0.37% | 5.51% | 5.40% | 10.19% | -10.53% | 0.94% | 1.40% | 10.27% | -2.45% | 0.50% |
LYP6.DE Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc | 7.48% | 20.82% | 8.25% | 15.97% | -10.40% | 24.81% | -1.72% | 28.59% | -11.28% | 2.60% |
Correlation
The correlation between AHYE.DE and LYP6.DE is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2017 | 0.64 |
The correlation between AHYE.DE and LYP6.DE has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
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Return for Risk
AHYE.DE vs. LYP6.DE — Risk / Return Rank
AHYE.DE
LYP6.DE
AHYE.DE vs. LYP6.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.DE) and Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc (LYP6.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.
| AHYE.DE | LYP6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.74 | -0.74 |
| Martin ratioReturn relative to average drawdown | 4.06 | 6.63 | -2.57 |
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
| AHYE.DE | LYP6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.28 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.67 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.56 | -0.16 |
Drawdowns
AHYE.DE vs. LYP6.DE - Drawdown Comparison
The maximum AHYE.DE drawdown since its inception was -23.41%, smaller than the maximum LYP6.DE drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for AHYE.DE and LYP6.DE.
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Drawdown Indicators
| AHYE.DE | LYP6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.41% | -35.51% | +12.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | -9.45% | +6.23% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -16.26% | +13.04% |
Max Drawdown (5Y)Largest decline over 5 years | -16.89% | -20.71% | +3.82% |
Max Drawdown (10Y)Largest decline over 10 years | -23.41% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -1.62% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -4.84% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 2.49% | -1.69% |
Volatility
AHYE.DE vs. LYP6.DE - Volatility Comparison
The current volatility for Amundi Euro High Yield Bond ESG UCITS ETF EUR (AHYE.DE) is 0.81%, while Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc (LYP6.DE) has a volatility of 4.35%. This indicates that AHYE.DE experiences smaller price fluctuations and is considered to be less risky than LYP6.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHYE.DE | LYP6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 4.35% | -3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 10.65% | -7.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 12.90% | -9.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.57% | 14.41% | -8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.73% | 15.86% | -9.13% |
AHYE.DE vs. LYP6.DE - Expense Ratio Comparison
AHYE.DE has a 0.40% expense ratio, which is higher than LYP6.DE's 0.07% expense ratio.
Dividends
AHYE.DE vs. LYP6.DE - Dividend Comparison
Neither AHYE.DE nor LYP6.DE has paid dividends to shareholders.
Frequently Asked Questions
AHYE.DE and LYP6.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYP6.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYP6.DE is cheaper with a 0.07% expense ratio, compared with 0.40% for AHYE.DE.
AHYE.DE is categorized as European High Yield Bonds, while LYP6.DE is Europe Equities. AHYE.DE tracks iBoxx MSCI ESG EUR High Yield Corporates, while LYP6.DE tracks STOXX® Europe 600. Their fees differ too: 0.40% for AHYE.DE and 0.07% for LYP6.DE.
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