LYS4.DE vs. XBAT.DE
LYS4.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond 1-3Y UCITS ETF Acc) and XBAT.DE (Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF) are both European Government Bonds funds - LYS4.DE tracks the MTS Mid Price Highest Rated Macro-Weighted 1-3 (EUR) while XBAT.DE tracks the iBoxx® EUR Sovereigns Eurozone AAA. Both are passively managed. Over the past 10 years, LYS4.DE returned -0.21%/yr vs -0.93%/yr for XBAT.DE. A 0.72 correlation means they provide meaningful diversification when combined. LYS4.DE charges 0.17%/yr vs 0.15%/yr for XBAT.DE.
Performance
LYS4.DE vs. XBAT.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 XBAT.DE's -0.07% return. Over the past 10 years, LYS4.DE has outperformed XBAT.DE with an annualized return of -0.21%, while XBAT.DE has yielded a comparatively lower -0.93% annualized return.
LYS4.DE
- 1D
- 0.08%
- 1M
- 0.27%
- YTD
- 0.05%
- 6M
- 0.09%
- 1Y
- 0.59%
- 3Y*
- 2.29%
- 5Y*
- 0.27%
- 10Y*
- -0.21%
XBAT.DE
- 1D
- 0.03%
- 1M
- 0.31%
- YTD
- -0.07%
- 6M
- -0.01%
- 1Y
- 0.70%
- 3Y*
- 2.22%
- 5Y*
- -2.38%
- 10Y*
- -0.93%
LYS4.DE vs. XBAT.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% |
XBAT.DE Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF | -0.07% | 2.47% | 0.18% | 3.80% | -17.06% | -2.84% | 2.81% | 2.99% | 2.37% | -1.51% |
Correlation
The correlation between LYS4.DE and XBAT.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2012 | 0.72 |
The correlation between LYS4.DE and XBAT.DE has been stable across timeframes, ranging from 0.72 to 0.82 - a consistent structural relationship.
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Return for Risk
LYS4.DE vs. XBAT.DE — Risk / Return Rank
LYS4.DE
XBAT.DE
LYS4.DE vs. XBAT.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 iBoxx Sovereigns Eurozone AAA Swap UCITS ETF (XBAT.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 | XBAT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.06 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.35 | +0.10 |
| Martin ratioReturn relative to average drawdown | 1.30 | 1.05 | +0.25 |
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 | XBAT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.31 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | -0.39 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.14 | -0.17 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.18 | -0.19 |
Drawdowns
LYS4.DE vs. XBAT.DE - Drawdown Comparison
The maximum LYS4.DE drawdown since its inception was -9.86%, smaller than the maximum XBAT.DE drawdown of -24.48%. Use the drawdown chart below to compare losses from any high point for LYS4.DE and XBAT.DE.
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Drawdown Indicators
| LYS4.DE | XBAT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.86% | -24.48% | +14.62% |
Max Drawdown (1Y)Largest decline over 1 year | -1.32% | -2.01% | +0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -1.32% | -4.50% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -6.58% | -21.97% | +15.39% |
Max Drawdown (10Y)Largest decline over 10 years | -9.86% | -24.48% | +14.62% |
Current DrawdownCurrent decline from peak | -2.29% | -16.49% | +14.20% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -6.97% | +4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.67% | -0.22% |
Volatility
LYS4.DE vs. XBAT.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 Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF (XBAT.DE) has a volatility of 0.75%. This indicates that LYS4.DE experiences smaller price fluctuations and is considered to be less risky than XBAT.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 | XBAT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 0.75% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.24% | 1.93% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.35% | 2.23% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.72% | 6.06% | -4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.43% | 5.39% | -3.96% |
LYS4.DE vs. XBAT.DE - Expense Ratio Comparison
LYS4.DE has a 0.17% expense ratio, which is higher than XBAT.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. XBAT.DE - Dividend Comparison
Neither LYS4.DE nor XBAT.DE has paid dividends to shareholders.
Frequently Asked Questions
LYS4.DE and XBAT.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBAT.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBAT.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 XBAT.DE tracks iBoxx® EUR Sovereigns Eurozone AAA. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.17% for LYS4.DE and 0.15% for XBAT.DE.
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