EAH.DE vs. LYXA.DE

Last updated Jun 5, 2026

EAH.DE (Amundi Euro Government Green Bond UCITS ETF Acc) and LYXA.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc) are both European Government Bonds funds from Amundi - EAH.DE tracks the Solactive Euro Government Green Bond while LYXA.DE tracks the MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR). Both are passively managed. Over the past 3 years, EAH.DE returned 1.19%/yr vs 1.11%/yr for LYXA.DE. With a 0.96 correlation, they move nearly in lockstep. EAH.DE charges 0.20%/yr vs 0.17%/yr for LYXA.DE.

Performance

EAH.DE vs. LYXA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Euro Government Green Bond UCITS ETF Acc (EAH.DE) and Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EAH.DE achieves a 0.01% return, which is significantly lower than LYXA.DE's 0.15% return.

EAH.DE

• 1D: 0.11%
• 1M: -0.12%
• YTD: 0.01%
• 6M: -0.10%
• 1Y: -1.07%
• 3Y*: 1.19%
• 5Y*: —
• 10Y*: —

LYXA.DE

• 1D: 0.08%
• 1M: -0.04%
• YTD: 0.15%
• 6M: 0.06%
• 1Y: -0.65%
• 3Y*: 1.11%
• 5Y*: -3.21%
• 10Y*: -1.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EAH.DE vs. LYXA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EAH.DE Amundi Euro Government Green Bond UCITS ETF Acc	0.01%	-2.11%	-0.57%	8.84%	-30.65%	-1.77%
LYXA.DE Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc	0.15%	-1.00%	-0.16%	5.59%	-18.93%	-1.06%

Correlation

The correlation between EAH.DE and LYXA.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021	0.96

The correlation between EAH.DE and LYXA.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

EAH.DE vs. LYXA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EAH.DE

EAH.DE Risk / Return Rank: 6
EAH.DE Sharpe Ratio Rank: 7
EAH.DE Sortino Ratio Rank: 6
EAH.DE Omega Ratio Rank: 6
EAH.DE Calmar Ratio Rank: 6
EAH.DE Martin Ratio Rank: 6

LYXA.DE

LYXA.DE Risk / Return Rank: 6
LYXA.DE Sharpe Ratio Rank: 7
LYXA.DE Sortino Ratio Rank: 6
LYXA.DE Omega Ratio Rank: 6
LYXA.DE Calmar Ratio Rank: 6
LYXA.DE Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EAH.DE vs. LYXA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Green Bond UCITS ETF Acc (EAH.DE) and Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.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.

	EAH.DE	LYXA.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.24	-0.25	+0.01
Sortino ratio: Return per unit of downside risk	-0.29	-0.33	+0.04
Omega ratio: Gain probability vs. loss probability	0.97	0.96	0.00
Calmar ratio: Return relative to maximum drawdown	-0.33	-0.33	0.00
Martin ratio: Return relative to average drawdown	-0.71	-0.71	+0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EAH.DE vs. LYXA.DE - Sharpe Ratio Comparison

The current EAH.DE Sharpe Ratio is -0.24, which is comparable to the LYXA.DE Sharpe Ratio of -0.25. The chart below compares the historical Sharpe Ratios of EAH.DE and LYXA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EAH.DE	LYXA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.24	-0.25	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	0.25	-0.84

Drawdowns

EAH.DE vs. LYXA.DE - Drawdown Comparison

The maximum EAH.DE drawdown since its inception was -36.30%, which is greater than LYXA.DE's maximum drawdown of -25.02%. Use the drawdown chart below to compare losses from any high point for EAH.DE and LYXA.DE.

Drawdown Indicators

	EAH.DE	LYXA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.30%	-25.02%	-11.28%
Max Drawdown (1Y) Largest decline over 1 year	-4.72%	-3.06%	-1.66%
Max Drawdown (3Y) Largest decline over 3 years	-7.83%	-4.62%	-3.21%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.76%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.02%	—
Current Drawdown Current decline from peak	-29.61%	-19.75%	-9.86%
Average Drawdown Average peak-to-trough decline	-25.57%	-8.80%	-16.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	1.42%	+0.77%

Volatility

EAH.DE vs. LYXA.DE - Volatility Comparison

Amundi Euro Government Green Bond UCITS ETF Acc (EAH.DE) has a higher volatility of 2.49% compared to Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE) at 1.61%. This indicates that EAH.DE's price experiences larger fluctuations and is considered to be riskier than LYXA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EAH.DE	LYXA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.49%	1.61%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	5.30%	3.28%	+2.02%
Volatility (1Y) Calculated over the trailing 1-year period	6.55%	4.03%	+2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.85%	6.48%	+4.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.85%	5.78%	+5.07%

EAH.DE vs. LYXA.DE - Expense Ratio Comparison

EAH.DE has a 0.20% expense ratio, which is higher than LYXA.DE's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EAH.DE vs. LYXA.DE - Dividend Comparison

Neither EAH.DE nor LYXA.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EAH.DE and LYXA.DE in my portfolio?

With a correlation of 0.97, EAH.DE and LYXA.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.

Which ETF is better, EAH.DE or LYXA.DE?

On fees, LYXA.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EAH.DE or LYXA.DE?

LYXA.DE is cheaper with a 0.17% expense ratio, compared with 0.20% for EAH.DE.

What is the main difference between EAH.DE and LYXA.DE?

EAH.DE tracks Solactive Euro Government Green Bond, while LYXA.DE tracks MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR). Their fees differ too: 0.20% for EAH.DE and 0.17% for LYXA.DE.