LYXA.DE vs. X710.DE
LYXA.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc) and X710.DE (Xtrackers II Eurozone Government Bond 7-10 UCITS ETF) are both European Government Bonds funds - LYXA.DE tracks the MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR) while X710.DE tracks the Markit iBoxx® EUR Eurozone 7-10. Both are passively managed. Over the past 10 years, LYXA.DE returned -1.26%/yr vs -0.16%/yr for X710.DE. A 0.66 correlation means they provide meaningful diversification when combined. LYXA.DE charges 0.17%/yr vs 0.15%/yr for X710.DE.
Performance
LYXA.DE vs. X710.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 X710.DE's 0.09% return. Over the past 10 years, LYXA.DE has underperformed X710.DE with an annualized return of -1.26%, while X710.DE has yielded a comparatively higher -0.16% annualized 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%
X710.DE
- 1D
- 0.11%
- 1M
- 0.04%
- YTD
- 0.09%
- 6M
- 0.11%
- 1Y
- 0.75%
- 3Y*
- 2.66%
- 5Y*
- -2.29%
- 10Y*
- -0.16%
LYXA.DE vs. X710.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 3.47% | 3.82% | 1.76% | -0.93% |
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | 0.09% | 1.72% | 0.93% | 8.80% | -19.69% | -3.23% | 4.20% | 6.78% | 1.03% | 0.95% |
Correlation
The correlation between LYXA.DE and X710.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 | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010 | 0.66 |
Over the past year, LYXA.DE and X710.DE have become more correlated (0.97) than their long-term average of 0.66, meaning their price movements have been converging.
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Return for Risk
LYXA.DE vs. X710.DE — Risk / Return Rank
LYXA.DE
X710.DE
LYXA.DE vs. X710.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 Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.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 | X710.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.01 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 0.07 | -0.40 |
| Martin ratioReturn relative to average drawdown | -0.71 | 0.18 | -0.89 |
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 | X710.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 0.06 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | -0.31 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | -0.03 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.55 | -0.29 |
Drawdowns
LYXA.DE vs. X710.DE - Drawdown Comparison
The maximum LYXA.DE drawdown since its inception was -25.02%, which is greater than X710.DE's maximum drawdown of -23.16%. Use the drawdown chart below to compare losses from any high point for LYXA.DE and X710.DE.
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Drawdown Indicators
| LYXA.DE | X710.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.02% | -23.16% | -1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -4.18% | +1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -4.62% | -4.55% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -22.76% | -22.84% | +0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -25.02% | -23.16% | -1.86% |
Current DrawdownCurrent decline from peak | -19.75% | -13.46% | -6.29% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -5.41% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.55% | -0.13% |
Volatility
LYXA.DE vs. X710.DE - Volatility Comparison
The current volatility for Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE) is 1.61%, while Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE) has a volatility of 1.94%. This indicates that LYXA.DE experiences smaller price fluctuations and is considered to be less risky than X710.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 | X710.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.94% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 4.15% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 4.91% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.48% | 7.35% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.78% | 6.39% | -0.61% |
LYXA.DE vs. X710.DE - Expense Ratio Comparison
LYXA.DE has a 0.17% expense ratio, which is higher than X710.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. X710.DE - Dividend Comparison
Neither LYXA.DE nor X710.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, LYXA.DE and X710.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.
On fees, X710.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X710.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 X710.DE tracks Markit iBoxx® EUR Eurozone 7-10. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.17% for LYXA.DE and 0.15% for X710.DE.
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