LYEB.DE vs. XAT1.DE
LYEB.DE (Amundi EUR Corporate Bond Climate Paris Aligned UCITS ETF (Acc)) and XAT1.DE (Invesco AT1 Capital Bond ETF EUR Hedged Dist) are both Corporate Bonds funds - LYEB.DE tracks the Bloomberg MSCI Euro Corporate Paris Aligned Green Tilted Index while XAT1.DE tracks the Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) TR Index - USD. Both are passively managed. Over the past 5 years, LYEB.DE returned -0.29%/yr vs 0.68%/yr for XAT1.DE. At a 0.31 correlation, their price movements are largely independent. LYEB.DE charges 0.14%/yr vs 0.39%/yr for XAT1.DE.
Performance
LYEB.DE vs. XAT1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LYEB.DE achieves a 0.37% return, which is significantly lower than XAT1.DE's 0.81% return.
LYEB.DE
- 1D
- -0.03%
- 1M
- -0.53%
- 6M
- -0.03%
- YTD
- 0.37%
- 1Y
- 1.15%
- 3Y*
- 4.04%
- 5Y*
- -0.29%
- 10Y*
- 0.57%
XAT1.DE
- 1D
- 0.00%
- 1M
- 0.06%
- 6M
- 0.39%
- YTD
- 0.81%
- 1Y
- 4.86%
- 3Y*
- 8.49%
- 5Y*
- 0.68%
- 10Y*
- —
LYEB.DE vs. XAT1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LYEB.DE Amundi EUR Corporate Bond Climate Paris Aligned UCITS ETF (Acc) | 0.37% | 2.75% | 4.14% | 7.04% | -13.33% | -1.08% | 2.45% | 6.00% | -1.04% |
XAT1.DE Invesco AT1 Capital Bond ETF EUR Hedged Dist | 0.81% | 8.65% | 8.27% | 0.01% | -12.09% | 2.57% | 5.81% | 14.57% | -1.46% |
Correlation
The correlation between LYEB.DE and XAT1.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2018 | 0.31 |
The correlation between LYEB.DE and XAT1.DE shifts across timeframes, from 0.31 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LYEB.DE vs. XAT1.DE — Risk / Return Rank
LYEB.DE
XAT1.DE
LYEB.DE vs. XAT1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi EUR Corporate Bond Climate Paris Aligned UCITS ETF (Acc) (LYEB.DE) and Invesco AT1 Capital Bond ETF EUR Hedged Dist (XAT1.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.
| LYEB.DE | XAT1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.19 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 1.33 | -0.90 |
| Martin ratioReturn relative to average drawdown | 1.40 | 5.15 | -3.75 |
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Drawdowns
LYEB.DE vs. XAT1.DE - Drawdown Comparison
The maximum LYEB.DE drawdown since its inception was -17.06%, smaller than the maximum XAT1.DE drawdown of -28.81%. Use the drawdown chart below to compare losses from any high point for LYEB.DE and XAT1.DE.
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Drawdown Indicators
| LYEB.DE | XAT1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.06% | -28.81% | +11.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -3.64% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -2.67% | -4.62% | +1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -17.06% | -27.73% | +10.67% |
Max Drawdown (10Y)Largest decline over 10 years | -17.06% | — | — |
Current DrawdownCurrent decline from peak | -2.02% | -0.86% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -2.74% | -6.27% | +3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.94% | -0.12% |
Volatility
LYEB.DE vs. XAT1.DE - Volatility Comparison
The current volatility for Amundi EUR Corporate Bond Climate Paris Aligned UCITS ETF (Acc) (LYEB.DE) is 0.84%, while Invesco AT1 Capital Bond ETF EUR Hedged Dist (XAT1.DE) has a volatility of 1.34%. This indicates that LYEB.DE experiences smaller price fluctuations and is considered to be less risky than XAT1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LYEB.DE | XAT1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.34% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 4.65% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 5.13% | -2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.35% | 8.19% | -3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.32% | 10.30% | -5.98% |
LYEB.DE vs. XAT1.DE - Expense Ratio Comparison
LYEB.DE has a 0.14% expense ratio, which is lower than XAT1.DE's 0.39% expense ratio.
Dividends
LYEB.DE vs. XAT1.DE - Dividend Comparison
LYEB.DE has not paid dividends to shareholders, while XAT1.DE's dividend yield for the trailing twelve months is around 6.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
LYEB.DE Amundi EUR Corporate Bond Climate Paris Aligned UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XAT1.DE Invesco AT1 Capital Bond ETF EUR Hedged Dist | 6.06% | 5.95% | 6.41% | 6.17% | 6.02% | 4.42% | 5.23% | 5.59% | 2.62% |
Frequently Asked Questions
LYEB.DE and XAT1.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYEB.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYEB.DE is cheaper with a 0.14% expense ratio, compared with 0.39% for XAT1.DE.
LYEB.DE tracks Bloomberg MSCI Euro Corporate Paris Aligned Green Tilted Index, while XAT1.DE tracks Markit iBoxx USD Contingent Convertible Liquid Developed Market AT1 (8% Issuer Cap) TR Index - USD. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.14% for LYEB.DE and 0.39% for XAT1.DE.
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