IBCN.DE vs. LYXA.DE
IBCN.DE (iShares Euro Government Bond 3-5yr UCITS ETF) and LYXA.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc) are both European Government Bonds funds - IBCN.DE tracks the Bloomberg Euro Government Bond 5 while LYXA.DE tracks the MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR). Both are passively managed. Over the past 10 years, IBCN.DE returned 0.17%/yr vs -1.26%/yr for LYXA.DE. A 0.56 correlation means they provide meaningful diversification when combined. IBCN.DE charges 0.15%/yr vs 0.17%/yr for LYXA.DE.
Performance
IBCN.DE vs. LYXA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCN.DE achieves a 0.05% return, which is significantly lower than LYXA.DE's 0.15% return. Over the past 10 years, IBCN.DE has outperformed LYXA.DE with an annualized return of 0.17%, while LYXA.DE has yielded a comparatively lower -1.26% annualized return.
IBCN.DE
- 1D
- 0.06%
- 1M
- 0.01%
- YTD
- 0.05%
- 6M
- -0.06%
- 1Y
- 0.68%
- 3Y*
- 2.68%
- 5Y*
- -0.39%
- 10Y*
- 0.17%
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%
IBCN.DE vs. LYXA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF | 0.05% | 2.24% | 2.15% | 5.23% | -10.13% | -1.37% | 1.01% | 1.69% | 0.69% | 0.45% |
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 IBCN.DE and LYXA.DE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010 | 0.56 |
Over the past year, IBCN.DE and LYXA.DE have become more correlated (0.87) than their long-term average of 0.56, meaning their price movements have been converging.
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Return for Risk
IBCN.DE vs. LYXA.DE — Risk / Return Rank
IBCN.DE
LYXA.DE
IBCN.DE vs. LYXA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.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.
| IBCN.DE | LYXA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.96 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | -0.33 | +0.47 |
| Martin ratioReturn relative to average drawdown | 0.40 | -0.71 | +1.12 |
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
| IBCN.DE | LYXA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | -0.25 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | -0.50 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | -0.25 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.25 | +0.20 |
Drawdowns
IBCN.DE vs. LYXA.DE - Drawdown Comparison
The maximum IBCN.DE drawdown since its inception was -12.52%, smaller than the maximum LYXA.DE drawdown of -25.02%. Use the drawdown chart below to compare losses from any high point for IBCN.DE and LYXA.DE.
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Drawdown Indicators
| IBCN.DE | LYXA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.52% | -25.02% | +12.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -3.06% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -4.62% | +2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -12.15% | -22.76% | +10.61% |
Max Drawdown (10Y)Largest decline over 10 years | -12.52% | -25.02% | +12.50% |
Current DrawdownCurrent decline from peak | -2.93% | -19.75% | +16.82% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -8.80% | +6.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.42% | -0.56% |
Volatility
IBCN.DE vs. LYXA.DE - Volatility Comparison
The current volatility for iShares Euro Government Bond 3-5yr UCITS ETF (IBCN.DE) is 0.91%, while Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE) has a volatility of 1.61%. This indicates that IBCN.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
| IBCN.DE | LYXA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.61% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 3.28% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.53% | 4.03% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.63% | 6.48% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 5.78% | -2.82% |
IBCN.DE vs. LYXA.DE - Expense Ratio Comparison
IBCN.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
IBCN.DE vs. LYXA.DE - Dividend Comparison
IBCN.DE's dividend yield for the trailing twelve months is around 2.44%, while LYXA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCN.DE iShares Euro Government Bond 3-5yr UCITS ETF | 2.44% | 2.51% | 2.61% | 0.80% | 0.00% | 0.00% | 0.00% | 0.07% | 0.12% | 0.08% | 0.13% | 0.61% |
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
IBCN.DE and LYXA.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCN.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCN.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for LYXA.DE.
IBCN.DE tracks Bloomberg Euro Government Bond 5, 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 IBCN.DE and 0.17% for LYXA.DE.
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