LYXF.DE vs. SYB5.DE

Last updated Jul 18, 2026

LYXF.DE (Amundi Euro Government Bond 15+Y UCITS ETF (Acc)) and SYB5.DE (State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist)) are both Government Bonds funds - LYXF.DE tracks the Bloomberg Euro Treasury 50bn 15+ Year Bond Index while SYB5.DE tracks the Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index. Both are passively managed. Over the past 10 years, LYXF.DE returned -2.91%/yr vs 0.46%/yr for SYB5.DE. At a 0.19 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.

Performance

LYXF.DE vs. SYB5.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Euro Government Bond 15+Y UCITS ETF (Acc) (LYXF.DE) and State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LYXF.DE achieves a -1.05% return, which is significantly lower than SYB5.DE's 3.17% return. Over the past 10 years, LYXF.DE has underperformed SYB5.DE with an annualized return of -2.91%, while SYB5.DE has yielded a comparatively higher 0.46% annualized return.

LYXF.DE

• 1D: 0.25%
• 1M: -2.84%
• 6M: -2.07%
• YTD: -1.05%
• 1Y: -1.97%
• 3Y*: -1.13%
• 5Y*: -8.81%
• 10Y*: -2.91%

SYB5.DE

• 1D: -0.19%
• 1M: 1.54%
• 6M: 2.25%
• YTD: 3.17%
• 1Y: 4.31%
• 3Y*: 4.69%
• 5Y*: 1.04%
• 10Y*: 0.46%

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

LYXF.DE vs. SYB5.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LYXF.DE Amundi Euro Government Bond 15+Y UCITS ETF (Acc)	-1.05%	-6.05%	-1.34%	9.49%	-35.58%	-7.79%	12.63%	17.18%	2.98%	-1.38%
SYB5.DE State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist)	3.17%	0.33%	6.69%	5.72%	-10.68%	5.60%	-4.05%	6.95%	-1.42%	-4.07%

Correlation

The correlation between LYXF.DE and SYB5.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since May 18, 2012	0.19

Over the past year, LYXF.DE and SYB5.DE have become more correlated (0.39) than their long-term average of 0.19, meaning their price movements have been converging.

Return for Risk

LYXF.DE vs. SYB5.DE — Risk / Return Rank

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

LYXF.DE

LYXF.DE Risk / Return Rank: 7
LYXF.DE Sharpe Ratio Rank: 8
LYXF.DE Sortino Ratio Rank: 7
LYXF.DE Omega Ratio Rank: 7
LYXF.DE Calmar Ratio Rank: 7
LYXF.DE Martin Ratio Rank: 7

SYB5.DE

SYB5.DE Risk / Return Rank: 40
SYB5.DE Sharpe Ratio Rank: 34
SYB5.DE Sortino Ratio Rank: 32
SYB5.DE Omega Ratio Rank: 32
SYB5.DE Calmar Ratio Rank: 56
SYB5.DE Martin Ratio Rank: 45

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.

LYXF.DE vs. SYB5.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Government Bond 15+Y UCITS ETF (Acc) (LYXF.DE) and State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	LYXF.DE	SYB5.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.21	0.95	-1.16
Sortino ratio: Return per unit of downside risk	-0.23	1.36	-1.59
Omega ratio: Gain probability vs. loss probability	0.97	1.17	-0.20
Calmar ratio: Return relative to maximum drawdown	-0.32	2.12	-2.44
Martin ratio: Return relative to average drawdown	-0.65	5.59	-6.24

LYXF.DE vs. SYB5.DE - Sharpe Ratio Comparison

The current LYXF.DE Sharpe Ratio is -0.21, which is lower than the SYB5.DE Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of LYXF.DE and SYB5.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.

Drawdowns

LYXF.DE vs. SYB5.DE - Drawdown Comparison

The maximum LYXF.DE drawdown since its inception was -46.10%, which is greater than SYB5.DE's maximum drawdown of -26.72%. Use the drawdown chart below to compare losses from any high point for LYXF.DE and SYB5.DE.

Drawdown Indicators

	LYXF.DE	SYB5.DE	Difference
Max Drawdown Largest peak-to-trough decline	-46.10%	-26.72%	-19.38%
Max Drawdown (1Y) Largest decline over 1 year	-6.14%	-2.02%	-4.12%
Max Drawdown (3Y) Largest decline over 3 years	-12.74%	-4.43%	-8.31%
Max Drawdown (5Y) Largest decline over 5 years	-44.06%	-15.56%	-28.50%
Max Drawdown (10Y) Largest decline over 10 years	-46.10%	-16.19%	-29.91%
Current Drawdown Current decline from peak	-40.94%	-10.23%	-30.71%
Average Drawdown Average peak-to-trough decline	-13.20%	-13.57%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	0.77%	+2.27%

Volatility

LYXF.DE vs. SYB5.DE - Volatility Comparison

Amundi Euro Government Bond 15+Y UCITS ETF (Acc) (LYXF.DE) has a higher volatility of 2.57% compared to State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.DE) at 1.38%. This indicates that LYXF.DE's price experiences larger fluctuations and is considered to be riskier than SYB5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LYXF.DE	SYB5.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	1.38%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	7.37%	3.51%	+3.86%
Volatility (1Y) Calculated over the trailing 1-year period	9.36%	4.56%	+4.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.20%	6.28%	+7.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.08%	6.93%	+5.15%

LYXF.DE vs. SYB5.DE - Expense Ratio Comparison

Both LYXF.DE and SYB5.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

LYXF.DE vs. SYB5.DE - Dividend Comparison

LYXF.DE has not paid dividends to shareholders, while SYB5.DE's dividend yield for the trailing twelve months is around 3.55%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LYXF.DE Amundi Euro Government Bond 15+Y UCITS ETF (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SYB5.DE State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist)	3.55%	3.52%	2.66%	1.30%	0.19%	0.12%	0.48%	0.57%	0.40%	0.54%	0.94%	0.99%

Frequently Asked Questions

Can I hold both LYXF.DE and SYB5.DE in my portfolio?

LYXF.DE and SYB5.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LYXF.DE or SYB5.DE?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LYXF.DE or SYB5.DE?

LYXF.DE and SYB5.DE have the same expense ratio: 0.15% per year.

What is the main difference between LYXF.DE and SYB5.DE?

LYXF.DE tracks Bloomberg Euro Treasury 50bn 15+ Year Bond Index, while SYB5.DE tracks Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index. They also come from different issuers: Amundi and State Street.