LYXA.DE vs. XZEB.DE
LYXA.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc) and XZEB.DE (Xtrackers II ESG Eurozone Government Bond UCITS ETF) are both European Government Bonds funds - LYXA.DE tracks the MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR) while XZEB.DE tracks the FTSE ESG Select EMU Government Bond. Both are passively managed. Over the past 3 years, LYXA.DE returned 1.11%/yr vs 1.37%/yr for XZEB.DE. With a 0.97 correlation, they move nearly in lockstep. LYXA.DE charges 0.17%/yr vs 0.15%/yr for XZEB.DE.
Performance
LYXA.DE vs. XZEB.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LYXA.DE achieves a 0.15% return, which is significantly lower than XZEB.DE's 0.20% 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%
XZEB.DE
- 1D
- 0.07%
- 1M
- -0.04%
- YTD
- 0.20%
- 6M
- 0.18%
- 1Y
- -0.32%
- 3Y*
- 1.37%
- 5Y*
- —
- 10Y*
- —
LYXA.DE vs. XZEB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LYXA.DE Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc | 0.15% | -1.00% | -0.16% | 5.59% | -7.68% |
XZEB.DE Xtrackers II ESG Eurozone Government Bond UCITS ETF | 0.20% | -0.59% | 0.01% | 5.77% | -7.62% |
Correlation
The correlation between LYXA.DE and XZEB.DE is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.97 |
The correlation between LYXA.DE and XZEB.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LYXA.DE vs. XZEB.DE — Risk / Return Rank
LYXA.DE
XZEB.DE
LYXA.DE vs. XZEB.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 ESG Eurozone Government Bond UCITS ETF (XZEB.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 | XZEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.97 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | -0.24 | -0.09 |
| Martin ratioReturn relative to average drawdown | -0.71 | -0.53 | -0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LYXA.DE | XZEB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | -0.17 | -0.08 |
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 | -0.11 | +0.36 |
Drawdowns
LYXA.DE vs. XZEB.DE - Drawdown Comparison
The maximum LYXA.DE drawdown since its inception was -25.02%, which is greater than XZEB.DE's maximum drawdown of -13.98%. Use the drawdown chart below to compare losses from any high point for LYXA.DE and XZEB.DE.
Loading charts...
Drawdown Indicators
| LYXA.DE | XZEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.02% | -13.98% | -11.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -2.97% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -4.62% | -4.45% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -22.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.02% | — | — |
Current DrawdownCurrent decline from peak | -19.75% | -7.28% | -12.47% |
Average DrawdownAverage peak-to-trough decline | -8.80% | -8.40% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.33% | +0.09% |
Volatility
LYXA.DE vs. XZEB.DE - Volatility Comparison
Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE) and Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB.DE) have volatilities of 1.61% and 1.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LYXA.DE | XZEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.61% | 1.57% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 3.45% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 4.14% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.48% | 6.32% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.78% | 6.32% | -0.54% |
LYXA.DE vs. XZEB.DE - Expense Ratio Comparison
LYXA.DE has a 0.17% expense ratio, which is higher than XZEB.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. XZEB.DE - Dividend Comparison
Neither LYXA.DE nor XZEB.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, LYXA.DE and XZEB.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, XZEB.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XZEB.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 XZEB.DE tracks FTSE ESG Select EMU Government Bond. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.17% for LYXA.DE and 0.15% for XZEB.DE.
Find the right allocation for LYXA.DE and XZEB.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer