LYS4.DE vs. EIB3.DE
LYS4.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc) and EIB3.DE (Invesco Euro Government Bond 1-3 Year UCITS ETF Dist) are both European Government Bonds funds - LYS4.DE tracks the MTS Mid Price Highest Rated Macro-Weighted 1-3 (EUR) while EIB3.DE tracks the Bloomberg Euro Government Select 1-3. Both are passively managed. Over the past 5 years, LYS4.DE returned 0.27%/yr vs 0.63%/yr for EIB3.DE. Their correlation of 0.81 suggests significant overlap in exposure. LYS4.DE charges 0.17%/yr vs 0.10%/yr for EIB3.DE.
Performance
LYS4.DE vs. EIB3.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 lower than EIB3.DE's 0.19% 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%
EIB3.DE
- 1D
- 0.93%
- 1M
- 0.06%
- YTD
- 0.19%
- 6M
- 0.56%
- 1Y
- 0.95%
- 3Y*
- 2.63%
- 5Y*
- 0.63%
- 10Y*
- —
LYS4.DE vs. EIB3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | -0.87% |
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 0.19% | 2.14% | 3.03% | 3.39% | -4.93% | -0.76% | -0.13% | -0.51% |
Correlation
The correlation between LYS4.DE and EIB3.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019 | 0.81 |
Over the past year, the correlation between LYS4.DE and EIB3.DE has dropped to 0.58 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
LYS4.DE vs. EIB3.DE — Risk / Return Rank
LYS4.DE
EIB3.DE
LYS4.DE vs. EIB3.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 Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.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 | EIB3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.06 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.50 | -0.06 |
| Martin ratioReturn relative to average drawdown | 1.30 | 1.50 | -0.20 |
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 | EIB3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.26 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.30 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.17 | -0.18 |
Drawdowns
LYS4.DE vs. EIB3.DE - Drawdown Comparison
The maximum LYS4.DE drawdown since its inception was -9.86%, which is greater than EIB3.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for LYS4.DE and EIB3.DE.
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Drawdown Indicators
| LYS4.DE | EIB3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.86% | -6.78% | -3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -1.32% | -1.60% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -1.32% | -1.60% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -6.58% | -5.91% | -0.67% |
Max Drawdown (10Y)Largest decline over 10 years | -9.86% | — | — |
Current DrawdownCurrent decline from peak | -2.29% | -0.68% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -2.06% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.54% | -0.09% |
Volatility
LYS4.DE vs. EIB3.DE - Volatility Comparison
The current volatility for Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc (LYS4.DE) is 0.46%, while Invesco Euro Government Bond 1-3 Year UCITS ETF Dist (EIB3.DE) has a volatility of 1.50%. This indicates that LYS4.DE experiences smaller price fluctuations and is considered to be less risky than EIB3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LYS4.DE | EIB3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 1.50% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.24% | 2.75% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.35% | 3.11% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.72% | 2.11% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.43% | 1.89% | -0.46% |
LYS4.DE vs. EIB3.DE - Expense Ratio Comparison
LYS4.DE has a 0.17% expense ratio, which is higher than EIB3.DE's 0.10% 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. EIB3.DE - Dividend Comparison
LYS4.DE has not paid dividends to shareholders, while EIB3.DE's dividend yield for the trailing twelve months is around 2.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EIB3.DE Invesco Euro Government Bond 1-3 Year UCITS ETF Dist | 2.41% | 2.51% | 2.80% | 2.24% | 0.23% |
LYS4.DE Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LYS4.DE and EIB3.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIB3.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIB3.DE is cheaper with a 0.10% expense ratio, compared with 0.17% for LYS4.DE.
LYS4.DE tracks MTS Mid Price Highest Rated Macro-Weighted 1-3 (EUR), while EIB3.DE tracks Bloomberg Euro Government Select 1-3. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.17% for LYS4.DE and 0.10% for EIB3.DE.
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