LYS4.DE vs. DBXP.DE
LYS4.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc) and DBXP.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both European Government Bonds funds - LYS4.DE tracks the MTS Mid Price Highest Rated Macro-Weighted 1-3 (EUR) while DBXP.DE tracks the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 10 years, LYS4.DE returned -0.21%/yr vs 0.22%/yr for DBXP.DE. A 0.60 correlation means they provide meaningful diversification when combined. LYS4.DE charges 0.17%/yr vs 0.15%/yr for DBXP.DE.
Performance
LYS4.DE vs. DBXP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LYS4.DE achieves a 0.05% return, which is significantly higher than DBXP.DE's 0.04% return. Over the past 10 years, LYS4.DE has underperformed DBXP.DE with an annualized return of -0.21%, while DBXP.DE has yielded a comparatively higher 0.22% annualized return.
LYS4.DE
- 1D
- 0.08%
- 1M
- 0.05%
- YTD
- 0.05%
- 6M
- 0.17%
- 1Y
- 0.78%
- 3Y*
- 2.29%
- 5Y*
- 0.27%
- 10Y*
- -0.21%
DBXP.DE
- 1D
- 0.04%
- 1M
- -0.01%
- YTD
- 0.04%
- 6M
- 0.14%
- 1Y
- 0.89%
- 3Y*
- 2.61%
- 5Y*
- 0.67%
- 10Y*
- 0.22%
LYS4.DE vs. DBXP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LYS4.DE Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc | 0.05% | 1.96% | 2.50% | 2.85% | -5.26% | -0.98% | -0.68% | -0.79% | -0.48% | -1.00% |
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.04% | 2.21% | 2.99% | 3.41% | -4.59% | -0.85% | -0.18% | 0.17% | -0.37% | -0.45% |
Correlation
The correlation between LYS4.DE and DBXP.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2012 | 0.60 |
The correlation between LYS4.DE and DBXP.DE shifts across timeframes, from 0.60 (all time) to 0.88 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LYS4.DE vs. DBXP.DE — Risk / Return Rank
LYS4.DE
DBXP.DE
LYS4.DE vs. DBXP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc (LYS4.DE) and Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.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.
| LYS4.DE | DBXP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.13 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.64 | -0.20 |
| Martin ratioReturn relative to average drawdown | 1.30 | 2.08 | -0.78 |
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
| LYS4.DE | DBXP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.65 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.40 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | 0.12 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.56 | -0.57 |
Drawdowns
LYS4.DE vs. DBXP.DE - Drawdown Comparison
The maximum LYS4.DE drawdown since its inception was -9.86%, which is greater than DBXP.DE's maximum drawdown of -6.77%. Use the drawdown chart below to compare losses from any high point for LYS4.DE and DBXP.DE.
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Drawdown Indicators
| LYS4.DE | DBXP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.86% | -6.77% | -3.09% |
Max Drawdown (1Y)Largest decline over 1 year | -1.32% | -1.24% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -1.32% | -1.24% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -6.58% | -5.67% | -0.91% |
Max Drawdown (10Y)Largest decline over 10 years | -9.86% | -6.77% | -3.09% |
Current DrawdownCurrent decline from peak | -2.29% | -0.55% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -1.00% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.39% | +0.06% |
Volatility
LYS4.DE vs. DBXP.DE - Volatility Comparison
Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc (LYS4.DE) and Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) have volatilities of 0.46% and 0.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LYS4.DE | DBXP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 0.46% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.24% | 1.11% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.35% | 1.22% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.72% | 1.65% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.43% | 1.80% | -0.37% |
LYS4.DE vs. DBXP.DE - Expense Ratio Comparison
LYS4.DE has a 0.17% expense ratio, which is higher than DBXP.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LYS4.DE vs. DBXP.DE - Dividend Comparison
Neither LYS4.DE nor DBXP.DE has paid dividends to shareholders.
Frequently Asked Questions
LYS4.DE and DBXP.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXP.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for LYS4.DE.
LYS4.DE tracks MTS Mid Price Highest Rated Macro-Weighted 1-3 (EUR), while DBXP.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.17% for LYS4.DE and 0.15% for DBXP.DE.
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