LYXA.DE vs. OG35.DE

Last updated Jun 5, 2026

LYXA.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc) and OG35.DE (Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF) are both European Government Bonds funds - LYXA.DE tracks the MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR) while OG35.DE tracks the ICE 3-5 Year Euro Government Carbon Reduction. Both are passively managed. Over the past 5 years, LYXA.DE returned -3.21%/yr vs -0.34%/yr for OG35.DE. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.17% expense ratio.

Performance

LYXA.DE vs. OG35.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 Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.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 OG35.DE's -0.13% 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%

OG35.DE

• 1D: 0.05%
• 1M: -0.04%
• YTD: -0.13%
• 6M: -0.06%
• 1Y: 0.67%
• 3Y*: 2.79%
• 5Y*: -0.34%
• 10Y*: —

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

LYXA.DE vs. OG35.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LYXA.DE Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc	0.15%	-1.00%	-0.16%	5.59%	-18.93%	-3.40%	1.50%
OG35.DE Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF	-0.13%	2.46%	2.13%	5.16%	-10.01%	-1.17%	1.17%

Correlation

The correlation between LYXA.DE and OG35.DE is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020	0.79

The correlation between LYXA.DE and OG35.DE has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.

Return for Risk

LYXA.DE vs. OG35.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

OG35.DE

OG35.DE Risk / Return Rank: 11
OG35.DE Sharpe Ratio Rank: 11
OG35.DE Sortino Ratio Rank: 10
OG35.DE Omega Ratio Rank: 10
OG35.DE Calmar Ratio Rank: 11
OG35.DE Martin Ratio Rank: 11

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. OG35.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 Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.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	OG35.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	0.15	-0.40
Sortino ratio: Return per unit of downside risk	-0.33	0.23	-0.56
Omega ratio: Gain probability vs. loss probability	0.96	1.03	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.33	0.17	-0.50
Martin ratio: Return relative to average drawdown	-0.71	0.48	-1.19
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. OG35.DE - Sharpe Ratio Comparison

The current LYXA.DE Sharpe Ratio is -0.25, which is lower than the OG35.DE Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of LYXA.DE and OG35.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	OG35.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.25	0.15	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.50	-0.08	-0.42
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	-0.05	+0.30

Drawdowns

LYXA.DE vs. OG35.DE - Drawdown Comparison

The maximum LYXA.DE drawdown since its inception was -25.02%, which is greater than OG35.DE's maximum drawdown of -12.21%. Use the drawdown chart below to compare losses from any high point for LYXA.DE and OG35.DE.

Drawdown Indicators

	LYXA.DE	OG35.DE	Difference
Max Drawdown Largest peak-to-trough decline	-25.02%	-12.21%	-12.81%
Max Drawdown (1Y) Largest decline over 1 year	-3.06%	-2.41%	-0.65%
Max Drawdown (3Y) Largest decline over 3 years	-4.62%	-2.41%	-2.21%
Max Drawdown (5Y) Largest decline over 5 years	-22.76%	-11.90%	-10.86%
Max Drawdown (10Y) Largest decline over 10 years	-25.02%	—	—
Current Drawdown Current decline from peak	-19.75%	-2.66%	-17.09%
Average Drawdown Average peak-to-trough decline	-8.80%	-4.99%	-3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	0.85%	+0.57%

Volatility

LYXA.DE vs. OG35.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 Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE) at 1.08%. This indicates that LYXA.DE's price experiences larger fluctuations and is considered to be riskier than OG35.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LYXA.DE	OG35.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.61%	1.08%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	3.28%	2.47%	+0.81%
Volatility (1Y) Calculated over the trailing 1-year period	4.03%	2.72%	+1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.48%	3.97%	+2.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.78%	3.76%	+2.02%

LYXA.DE vs. OG35.DE - Expense Ratio Comparison

Both LYXA.DE and OG35.DE have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

LYXA.DE vs. OG35.DE - Dividend Comparison

Neither LYXA.DE nor OG35.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LYXA.DE and OG35.DE in my portfolio?

LYXA.DE and OG35.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LYXA.DE or OG35.DE?

Both ETFs have the same 0.17% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LYXA.DE or OG35.DE?

LYXA.DE and OG35.DE have the same expense ratio: 0.17% per year.

What is the main difference between LYXA.DE and OG35.DE?

LYXA.DE tracks MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR), while OG35.DE tracks ICE 3-5 Year Euro Government Carbon Reduction. They also come from different issuers: Amundi and Natixis.