VGEB.DE vs. LYXA.DE
VGEB.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) and LYXA.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc) are both European Government Bonds funds - VGEB.DE tracks the Bloomberg Euro Aggregate Treasury while LYXA.DE tracks the MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR). Both are passively managed. Over the past 5 years, VGEB.DE returned -2.17%/yr vs -3.21%/yr for LYXA.DE. Their correlation of 0.89 suggests significant overlap in exposure. VGEB.DE charges 0.07%/yr vs 0.17%/yr for LYXA.DE.
Performance
VGEB.DE vs. LYXA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGEB.DE achieves a 0.13% return, which is significantly lower than LYXA.DE's 0.15% return.
VGEB.DE
- 1D
- 0.03%
- 1M
- 0.00%
- YTD
- 0.13%
- 6M
- 0.18%
- 1Y
- 0.31%
- 3Y*
- 2.38%
- 5Y*
- -2.17%
- 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%
VGEB.DE vs. LYXA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.13% | 0.69% | 1.55% | 6.99% | -18.10% | -3.26% | 4.75% | 7.05% | 1.21% | -0.03% |
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% | -0.35% |
Correlation
The correlation between VGEB.DE and LYXA.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.89 |
The correlation between VGEB.DE and LYXA.DE has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.
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Return for Risk
VGEB.DE vs. LYXA.DE — Risk / Return Rank
VGEB.DE
LYXA.DE
VGEB.DE vs. LYXA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.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.
| VGEB.DE | LYXA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.96 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.33 | +0.31 |
| Martin ratioReturn relative to average drawdown | -0.06 | -0.71 | +0.65 |
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
| VGEB.DE | LYXA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | -0.25 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.50 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.25 | -0.28 |
Drawdowns
VGEB.DE vs. LYXA.DE - Drawdown Comparison
The maximum VGEB.DE drawdown since its inception was -22.15%, smaller than the maximum LYXA.DE drawdown of -25.02%. Use the drawdown chart below to compare losses from any high point for VGEB.DE and LYXA.DE.
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Drawdown Indicators
| VGEB.DE | LYXA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.15% | -25.02% | +2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -3.06% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -4.62% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -21.25% | -22.76% | +1.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.02% | — |
Current DrawdownCurrent decline from peak | -13.65% | -19.75% | +6.10% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -8.80% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.42% | -0.07% |
Volatility
VGEB.DE vs. LYXA.DE - Volatility Comparison
Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) and Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE) have volatilities of 1.63% and 1.61%, 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.
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Volatility by Period
| VGEB.DE | LYXA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 1.61% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.47% | 3.28% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 4.03% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 6.48% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 5.78% | -0.26% |
VGEB.DE vs. LYXA.DE - Expense Ratio Comparison
VGEB.DE has a 0.07% expense ratio, which is lower than LYXA.DE's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VGEB.DE vs. LYXA.DE - Dividend Comparison
VGEB.DE's dividend yield for the trailing twelve months is around 2.89%, while LYXA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
LYXA.DE Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 2.89% | 2.88% | 2.56% | 1.96% | 0.66% | 0.08% | 0.19% | 0.74% | 0.80% | 0.09% |
Frequently Asked Questions
With a correlation of 0.96, VGEB.DE and LYXA.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, VGEB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEB.DE is cheaper with a 0.07% expense ratio, compared with 0.17% for LYXA.DE.
VGEB.DE tracks Bloomberg Euro Aggregate Treasury, while LYXA.DE tracks MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR). They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.07% for VGEB.DE and 0.17% for LYXA.DE.
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