LYXA.DE vs. ASRE.DE
LYXA.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc) and ASRE.DE (BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF) are both European Government Bonds funds - LYXA.DE tracks the MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR) while ASRE.DE tracks the J.P. Morgan ESG EMU Government Bond IG 3-5 Year. Both are passively managed. Over the past 5 years, LYXA.DE returned -3.21%/yr vs -0.36%/yr for ASRE.DE. Their correlation of 0.89 suggests significant overlap in exposure. LYXA.DE charges 0.17%/yr vs 0.15%/yr for ASRE.DE.
Performance
LYXA.DE vs. ASRE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LYXA.DE achieves a 0.15% return, which is significantly higher than ASRE.DE's -0.12% return.
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%
ASRE.DE
- 1D
- 0.06%
- 1M
- -0.03%
- YTD
- -0.12%
- 6M
- -0.05%
- 1Y
- 0.64%
- 3Y*
- 2.70%
- 5Y*
- -0.36%
- 10Y*
- —
LYXA.DE vs. ASRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LYXA.DE Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc | 0.15% | -1.00% | -0.16% | 5.59% | -18.93% | -0.94% |
ASRE.DE BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF | -0.12% | 2.42% | 2.13% | 5.11% | -9.94% | -0.79% |
Correlation
The correlation between LYXA.DE and ASRE.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021 | 0.89 |
The correlation between LYXA.DE and ASRE.DE has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.
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Return for Risk
LYXA.DE vs. ASRE.DE — Risk / Return Rank
LYXA.DE
ASRE.DE
LYXA.DE vs. ASRE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE) and BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.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.
| LYXA.DE | ASRE.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 | 0.96 | 1.03 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 0.15 | -0.48 |
| Martin ratioReturn relative to average drawdown | -0.71 | 0.41 | -1.13 |
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
| LYXA.DE | ASRE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 0.14 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | -0.10 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | -0.10 | +0.35 |
Drawdowns
LYXA.DE vs. ASRE.DE - Drawdown Comparison
The maximum LYXA.DE drawdown since its inception was -25.02%, which is greater than ASRE.DE's maximum drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for LYXA.DE and ASRE.DE.
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Drawdown Indicators
| LYXA.DE | ASRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.02% | -12.01% | -13.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.40% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -4.62% | -2.40% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -22.76% | -12.01% | -10.75% |
Max Drawdown (10Y)Largest decline over 10 years | -25.02% | — | — |
Current DrawdownCurrent decline from peak | -19.75% | -2.42% | -17.33% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -5.22% | -3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 0.85% | +0.57% |
Volatility
LYXA.DE vs. ASRE.DE - Volatility Comparison
Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE) has a higher volatility of 1.61% compared to BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5Y UCITS ETF (ASRE.DE) at 1.03%. This indicates that LYXA.DE's price experiences larger fluctuations and is considered to be riskier than ASRE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LYXA.DE | ASRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.03% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 2.28% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 2.57% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.48% | 3.60% | +2.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.78% | 3.52% | +2.26% |
LYXA.DE vs. ASRE.DE - Expense Ratio Comparison
LYXA.DE has a 0.17% expense ratio, which is higher than ASRE.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
LYXA.DE vs. ASRE.DE - Dividend Comparison
Neither LYXA.DE nor ASRE.DE has paid dividends to shareholders.
Frequently Asked Questions
LYXA.DE and ASRE.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ASRE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ASRE.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for LYXA.DE.
LYXA.DE tracks MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR), while ASRE.DE tracks J.P. Morgan ESG EMU Government Bond IG 3-5 Year. They also come from different issuers: Amundi and BNP Paribas. Their fees differ too: 0.17% for LYXA.DE and 0.15% for ASRE.DE.
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