HYEA.L vs. LYXD.DE
HYEA.L (iShares Global High Yield Corporate Bond UCITS ETF) and LYXD.DE (Amundi Euro Government Bond 7-10Y UCITS ETF Acc) are both exchange-traded funds - HYEA.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD, while LYXD.DE is a European Government Bonds fund tracking the Bloomberg Euro Treasury 50bn 7-10 Year Bond. Both are passively managed. Over the past 5 years, HYEA.L returned 3.99%/yr vs -1.82%/yr for LYXD.DE. At a 0.20 correlation, their price movements are largely independent. HYEA.L charges 0.50%/yr vs 0.17%/yr for LYXD.DE.
Performance
HYEA.L vs. LYXD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HYEA.L achieves a 3.42% return, which is significantly higher than LYXD.DE's 1.42% return.
HYEA.L
- 1D
- 0.00%
- 1M
- 1.89%
- YTD
- 3.42%
- 6M
- 3.84%
- 1Y
- 6.60%
- 3Y*
- 7.08%
- 5Y*
- 3.99%
- 10Y*
- —
LYXD.DE
- 1D
- 0.02%
- 1M
- 1.02%
- YTD
- 1.42%
- 6M
- 1.57%
- 1Y
- 1.69%
- 3Y*
- 2.92%
- 5Y*
- -1.82%
- 10Y*
- -0.02%
HYEA.L vs. LYXD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYEA.L iShares Global High Yield Corporate Bond UCITS ETF | 3.42% | 1.53% | 9.22% | 9.21% | -6.45% | 8.26% | -1.76% | 14.15% | 0.26% | -16.08% |
LYXD.DE Amundi Euro Government Bond 7-10Y UCITS ETF Acc | 1.42% | 1.72% | 1.17% | 8.47% | -19.27% | -2.85% | 4.18% | 6.46% | 1.20% | 0.23% |
Correlation
The correlation between HYEA.L and LYXD.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2017 | 0.20 |
The correlation between HYEA.L and LYXD.DE shifts across timeframes, from 0.20 (all time) to 0.31 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HYEA.L vs. LYXD.DE — Risk / Return Rank
HYEA.L
LYXD.DE
HYEA.L vs. LYXD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) and Amundi Euro Government Bond 7-10Y UCITS ETF Acc (LYXD.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.
| HYEA.L | LYXD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.07 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 0.41 | +3.09 |
| Martin ratioReturn relative to average drawdown | 13.04 | 1.07 | +11.97 |
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Drawdowns
HYEA.L vs. LYXD.DE - Drawdown Comparison
The maximum HYEA.L drawdown since its inception was -22.83%, roughly equal to the maximum LYXD.DE drawdown of -22.48%. Use the drawdown chart below to compare losses from any high point for HYEA.L and LYXD.DE.
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Drawdown Indicators
| HYEA.L | LYXD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.83% | -22.48% | -0.35% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -4.13% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -6.63% | -4.31% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -9.74% | -22.19% | +12.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.48% | — |
Current DrawdownCurrent decline from peak | 0.00% | -11.53% | +11.53% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -5.61% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 1.58% | -1.07% |
Volatility
HYEA.L vs. LYXD.DE - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (HYEA.L) is 0.98%, while Amundi Euro Government Bond 7-10Y UCITS ETF Acc (LYXD.DE) has a volatility of 1.30%. This indicates that HYEA.L experiences smaller price fluctuations and is considered to be less risky than LYXD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYEA.L | LYXD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.30% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 4.11% | -1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 4.85% | -1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.43% | 7.14% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.51% | 5.77% | +2.74% |
HYEA.L vs. LYXD.DE - Expense Ratio Comparison
HYEA.L has a 0.50% expense ratio, which is higher than LYXD.DE's 0.17% expense ratio.
Dividends
HYEA.L vs. LYXD.DE - Dividend Comparison
Neither HYEA.L nor LYXD.DE has paid dividends to shareholders.
Frequently Asked Questions
HYEA.L and LYXD.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYXD.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYXD.DE is cheaper with a 0.17% expense ratio, compared with 0.50% for HYEA.L.
HYEA.L is categorized as High Yield Bonds, while LYXD.DE is European Government Bonds. HYEA.L tracks ICE BofA Gbl HY Constnd TR USD, while LYXD.DE tracks Bloomberg Euro Treasury 50bn 7-10 Year Bond. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.50% for HYEA.L and 0.17% for LYXD.DE.
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