IBCA.DE vs. LYXA.DE
IBCA.DE (iShares Euro Government Bond 1-3yr UCITS ETF (Dist)) and LYXA.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc) are both European Government Bonds funds - IBCA.DE tracks the Bloomberg Euro Government Bond 1-3 while LYXA.DE tracks the MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR). Both are passively managed. Over the past 10 years, IBCA.DE returned 0.36%/yr vs -1.26%/yr for LYXA.DE. At a 0.39 correlation, their price movements are largely independent. IBCA.DE charges 0.15%/yr vs 0.17%/yr for LYXA.DE.
Performance
IBCA.DE vs. LYXA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCA.DE achieves a 0.16% return, which is significantly higher than LYXA.DE's 0.15% return. Over the past 10 years, IBCA.DE has outperformed LYXA.DE with an annualized return of 0.36%, while LYXA.DE has yielded a comparatively lower -1.26% annualized return.
IBCA.DE
- 1D
- 0.06%
- 1M
- 0.09%
- YTD
- 0.16%
- 6M
- 0.30%
- 1Y
- 1.12%
- 3Y*
- 2.71%
- 5Y*
- 0.81%
- 10Y*
- 0.36%
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%
IBCA.DE vs. LYXA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 0.16% | 2.31% | 3.05% | 3.50% | -4.26% | -0.84% | -0.15% | 0.14% | -0.27% | 0.02% |
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 IBCA.DE and LYXA.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010 | 0.39 |
Over the past year, IBCA.DE and LYXA.DE have become more correlated (0.73) than their long-term average of 0.39, meaning their price movements have been converging.
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Return for Risk
IBCA.DE vs. LYXA.DE — Risk / Return Rank
IBCA.DE
LYXA.DE
IBCA.DE vs. LYXA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.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.
| IBCA.DE | LYXA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.96 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | -0.33 | +1.17 |
| Martin ratioReturn relative to average drawdown | 2.70 | -0.71 | +3.41 |
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
| IBCA.DE | LYXA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | -0.25 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | -0.50 | +1.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | -0.25 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.25 | -0.01 |
Drawdowns
IBCA.DE vs. LYXA.DE - Drawdown Comparison
The maximum IBCA.DE drawdown since its inception was -8.31%, smaller than the maximum LYXA.DE drawdown of -25.02%. Use the drawdown chart below to compare losses from any high point for IBCA.DE and LYXA.DE.
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Drawdown Indicators
| IBCA.DE | LYXA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.31% | -25.02% | +16.71% |
Max Drawdown (1Y)Largest decline over 1 year | -1.14% | -3.06% | +1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -1.14% | -4.62% | +3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -5.21% | -22.76% | +17.55% |
Max Drawdown (10Y)Largest decline over 10 years | -8.31% | -25.02% | +16.71% |
Current DrawdownCurrent decline from peak | -0.45% | -19.75% | +19.30% |
Average DrawdownAverage peak-to-trough decline | -1.03% | -8.80% | +7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 1.42% | -1.06% |
Volatility
IBCA.DE vs. LYXA.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 1-3yr UCITS ETF (Dist) (IBCA.DE) is 0.64%, while Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE) has a volatility of 1.61%. This indicates that IBCA.DE experiences smaller price fluctuations and is considered to be less risky 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
| IBCA.DE | LYXA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.61% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 1.27% | 3.28% | -2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.36% | 4.03% | -2.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.55% | 6.48% | -4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 5.78% | -1.97% |
IBCA.DE vs. LYXA.DE - Expense Ratio Comparison
IBCA.DE has a 0.15% 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
IBCA.DE vs. LYXA.DE - Dividend Comparison
IBCA.DE's dividend yield for the trailing twelve months is around 2.18%, while LYXA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCA.DE iShares Euro Government Bond 1-3yr UCITS ETF (Dist) | 2.18% | 2.45% | 2.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.29% |
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
IBCA.DE and LYXA.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCA.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for LYXA.DE.
IBCA.DE tracks Bloomberg Euro Government Bond 1-3, 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: 0.15% for IBCA.DE and 0.17% for LYXA.DE.
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