OG35.DE vs. LYXA.DE

Last updated Jun 5, 2026

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

Performance

OG35.DE vs. LYXA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE) and Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OG35.DE achieves a -0.13% return, which is significantly lower than LYXA.DE's 0.15% return.

OG35.DE

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

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%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
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%
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%

Correlation

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

Return for Risk

OG35.DE vs. LYXA.DE — Risk / Return Rank

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

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

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

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.

OG35.DE vs. LYXA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE) and Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.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.

	OG35.DE	LYXA.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.15	-0.25	+0.40
Sortino ratio: Return per unit of downside risk	0.23	-0.33	+0.56
Omega ratio: Gain probability vs. loss probability	1.03	0.96	+0.07
Calmar ratio: Return relative to maximum drawdown	0.17	-0.33	+0.50
Martin ratio: Return relative to average drawdown	0.48	-0.71	+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.

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

The current OG35.DE Sharpe Ratio is 0.15, which is higher than the LYXA.DE Sharpe Ratio of -0.25. The chart below compares the historical Sharpe Ratios of OG35.DE and LYXA.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

	OG35.DE	LYXA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.15	-0.25	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	-0.50	+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	-0.05	0.25	-0.30

Drawdowns

OG35.DE vs. LYXA.DE - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

OG35.DE vs. LYXA.DE - Volatility Comparison

The current volatility for Ossiam Euro Government Bonds 3-5Y Carbon Reduction UCITS ETF (OG35.DE) is 1.08%, while Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE) has a volatility of 1.61%. This indicates that OG35.DE experiences smaller price fluctuations and is considered to be less risky than LYXA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

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

Both OG35.DE and LYXA.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

OG35.DE vs. LYXA.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

OG35.DE and LYXA.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, OG35.DE or LYXA.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, OG35.DE or LYXA.DE?

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

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

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