EUNH.DE vs. LYXA.DE
EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) and LYXA.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc) are both European Government Bonds funds - EUNH.DE tracks the Bloomberg Euro Aggregate Treasury while LYXA.DE tracks the MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR). Both are passively managed. Over the past 10 years, EUNH.DE returned -0.32%/yr vs -1.26%/yr for LYXA.DE. A 0.68 correlation means they provide meaningful diversification when combined. EUNH.DE charges 0.07%/yr vs 0.17%/yr for LYXA.DE.
Performance
EUNH.DE vs. LYXA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNH.DE achieves a -0.06% return, which is significantly lower than LYXA.DE's 0.15% return. Over the past 10 years, EUNH.DE has outperformed LYXA.DE with an annualized return of -0.32%, while LYXA.DE has yielded a comparatively lower -1.26% annualized return.
EUNH.DE
- 1D
- 0.04%
- 1M
- -0.08%
- YTD
- -0.06%
- 6M
- 0.09%
- 1Y
- 0.30%
- 3Y*
- 2.35%
- 5Y*
- -2.27%
- 10Y*
- -0.32%
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%
EUNH.DE vs. LYXA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -0.06% | 0.80% | 1.52% | 6.83% | -18.32% | -3.37% | 4.72% | 6.76% | 0.85% | -0.13% |
LYXA.DE Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc | 0.15% | -1.00% | -0.16% | 5.59% | -18.93% | -3.40% | 3.47% | 3.82% | 1.76% | -0.93% |
Correlation
The correlation between EUNH.DE and LYXA.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010 | 0.68 |
Over the past year, EUNH.DE and LYXA.DE have become more correlated (0.96) than their long-term average of 0.68, meaning their price movements have been converging.
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Return for Risk
EUNH.DE vs. LYXA.DE — Risk / Return Rank
EUNH.DE
LYXA.DE
EUNH.DE vs. LYXA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.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.
| EUNH.DE | LYXA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.96 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.33 | +0.30 |
| Martin ratioReturn relative to average drawdown | -0.08 | -0.71 | +0.63 |
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
| EUNH.DE | LYXA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | -0.25 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | -0.50 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | -0.25 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.25 | 0.00 |
Drawdowns
EUNH.DE vs. LYXA.DE - Drawdown Comparison
The maximum EUNH.DE drawdown since its inception was -22.43%, smaller than the maximum LYXA.DE drawdown of -25.02%. Use the drawdown chart below to compare losses from any high point for EUNH.DE and LYXA.DE.
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Drawdown Indicators
| EUNH.DE | LYXA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.43% | -25.02% | +2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -3.06% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -4.62% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -21.53% | -22.76% | +1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -22.43% | -25.02% | +2.59% |
Current DrawdownCurrent decline from peak | -14.10% | -19.75% | +5.65% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -8.80% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.42% | -0.07% |
Volatility
EUNH.DE vs. LYXA.DE - Volatility Comparison
iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) has a higher volatility of 1.72% compared to Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE) at 1.61%. This indicates that EUNH.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.
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Volatility by Period
| EUNH.DE | LYXA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 1.61% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.70% | 3.28% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 4.03% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 6.48% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 5.78% | -0.26% |
EUNH.DE vs. LYXA.DE - Expense Ratio Comparison
EUNH.DE has a 0.07% expense ratio, which is lower than LYXA.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
EUNH.DE vs. LYXA.DE - Dividend Comparison
EUNH.DE's dividend yield for the trailing twelve months is around 2.49%, while LYXA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 2.49% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
LYXA.DE Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF 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
With a correlation of 0.96, EUNH.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.
On fees, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.17% for LYXA.DE.
EUNH.DE tracks Bloomberg Euro Aggregate Treasury, while LYXA.DE tracks MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR). They also come from different issuers: iShares and Amundi. Their fees differ too: 0.07% for EUNH.DE and 0.17% for LYXA.DE.
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