LYXA.DE vs. EAH.DE

Last updated Jun 5, 2026

LYXA.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc) and EAH.DE (Amundi Euro Government Green Bond UCITS ETF Acc) are both European Government Bonds funds from Amundi - LYXA.DE tracks the MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR) while EAH.DE tracks the Solactive Euro Government Green Bond. Both are passively managed. Over the past 3 years, LYXA.DE returned 1.11%/yr vs 1.19%/yr for EAH.DE. With a 0.96 correlation, they move nearly in lockstep. LYXA.DE charges 0.17%/yr vs 0.20%/yr for EAH.DE.

Performance

LYXA.DE vs. EAH.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE) and Amundi Euro Government Green Bond UCITS ETF Acc (EAH.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LYXA.DE achieves a 0.15% return, which is significantly higher than EAH.DE's 0.01% 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%

EAH.DE

• 1D: 0.11%
• 1M: -0.12%
• YTD: 0.01%
• 6M: -0.10%
• 1Y: -1.07%
• 3Y*: 1.19%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LYXA.DE vs. EAH.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%	-1.06%
EAH.DE Amundi Euro Government Green Bond UCITS ETF Acc	0.01%	-2.11%	-0.57%	8.84%	-30.65%	-1.77%

Correlation

The correlation between LYXA.DE and EAH.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021	0.96

The correlation between LYXA.DE and EAH.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

Return for Risk

LYXA.DE vs. EAH.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LYXA.DE

LYXA.DE Risk / Return Rank: 6
LYXA.DE Sharpe Ratio Rank: 7
LYXA.DE Sortino Ratio Rank: 6
LYXA.DE Omega Ratio Rank: 6
LYXA.DE Calmar Ratio Rank: 6
LYXA.DE Martin Ratio Rank: 6

EAH.DE

EAH.DE Risk / Return Rank: 6
EAH.DE Sharpe Ratio Rank: 7
EAH.DE Sortino Ratio Rank: 6
EAH.DE Omega Ratio Rank: 6
EAH.DE Calmar Ratio Rank: 6
EAH.DE Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LYXA.DE vs. EAH.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 Amundi Euro Government Green Bond UCITS ETF Acc (EAH.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	EAH.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	-0.24	-0.01
Sortino ratio: Return per unit of downside risk	-0.33	-0.29	-0.04
Omega ratio: Gain probability vs. loss probability	0.96	0.97	0.00
Calmar ratio: Return relative to maximum drawdown	-0.33	-0.33	0.00
Martin ratio: Return relative to average drawdown	-0.71	-0.71	-0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LYXA.DE vs. EAH.DE - Sharpe Ratio Comparison

The current LYXA.DE Sharpe Ratio is -0.25, which is comparable to the EAH.DE Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of LYXA.DE and EAH.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LYXA.DE	EAH.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.25	-0.24	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.50	—	—
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	-0.59	+0.84

Drawdowns

LYXA.DE vs. EAH.DE - Drawdown Comparison

The maximum LYXA.DE drawdown since its inception was -25.02%, smaller than the maximum EAH.DE drawdown of -36.30%. Use the drawdown chart below to compare losses from any high point for LYXA.DE and EAH.DE.

Drawdown Indicators

	LYXA.DE	EAH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-25.02%	-36.30%	+11.28%
Max Drawdown (1Y) Largest decline over 1 year	-3.06%	-4.72%	+1.66%
Max Drawdown (3Y) Largest decline over 3 years	-4.62%	-7.83%	+3.21%
Max Drawdown (5Y) Largest decline over 5 years	-22.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.02%	—	—
Current Drawdown Current decline from peak	-19.75%	-29.61%	+9.86%
Average Drawdown Average peak-to-trough decline	-8.80%	-25.57%	+16.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	2.19%	-0.77%

Volatility

LYXA.DE vs. EAH.DE - Volatility Comparison

The current volatility for Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE) is 1.61%, while Amundi Euro Government Green Bond UCITS ETF Acc (EAH.DE) has a volatility of 2.49%. This indicates that LYXA.DE experiences smaller price fluctuations and is considered to be less risky than EAH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LYXA.DE	EAH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	2.49%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	3.28%	5.30%	-2.02%
Volatility (1Y) Calculated over the trailing 1-year period	4.03%	6.55%	-2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.48%	10.85%	-4.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.78%	10.85%	-5.07%

LYXA.DE vs. EAH.DE - Expense Ratio Comparison

LYXA.DE has a 0.17% expense ratio, which is lower than EAH.DE's 0.20% expense ratio. Despite the difference, 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. EAH.DE - Dividend Comparison

Neither LYXA.DE nor EAH.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LYXA.DE and EAH.DE in my portfolio?

With a correlation of 0.97, LYXA.DE and EAH.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, LYXA.DE or EAH.DE?

On fees, LYXA.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LYXA.DE or EAH.DE?

LYXA.DE is cheaper with a 0.17% expense ratio, compared with 0.20% for EAH.DE.

What is the main difference between LYXA.DE and EAH.DE?

LYXA.DE tracks MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR), while EAH.DE tracks Solactive Euro Government Green Bond. Their fees differ too: 0.17% for LYXA.DE and 0.20% for EAH.DE.