XY4P.DE vs. LYXA.DE
XY4P.DE (Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF) and LYXA.DE (Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc) are both European Government Bonds funds - XY4P.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus while LYXA.DE tracks the MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR). Both are passively managed. Over the past 10 years, XY4P.DE returned 0.56%/yr vs -1.26%/yr for LYXA.DE. At a 0.49 correlation, their price movements are largely independent. XY4P.DE charges 0.15%/yr vs 0.17%/yr for LYXA.DE.
Performance
XY4P.DE vs. LYXA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XY4P.DE achieves a -0.03% return, which is significantly lower than LYXA.DE's 0.15% return. Over the past 10 years, XY4P.DE has outperformed LYXA.DE with an annualized return of 0.56%, while LYXA.DE has yielded a comparatively lower -1.26% annualized return.
XY4P.DE
- 1D
- 0.06%
- 1M
- 0.56%
- YTD
- -0.03%
- 6M
- -0.02%
- 1Y
- 0.27%
- 3Y*
- 3.35%
- 5Y*
- -1.34%
- 10Y*
- 0.56%
LYXA.DE
- 1D
- 0.08%
- 1M
- 0.42%
- YTD
- 0.15%
- 6M
- -0.10%
- 1Y
- -1.02%
- 3Y*
- 1.11%
- 5Y*
- -3.21%
- 10Y*
- -1.26%
XY4P.DE vs. LYXA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XY4P.DE Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF | -0.03% | 1.69% | 3.52% | 8.01% | -17.35% | -2.95% | 5.93% | 9.55% | -0.61% | 0.53% |
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% |
Correlation
The correlation between XY4P.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 | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2010 | 0.49 |
Over the past year, XY4P.DE and LYXA.DE have become more correlated (0.96) than their long-term average of 0.49, meaning their price movements have been converging.
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Return for Risk
XY4P.DE vs. LYXA.DE — Risk / Return Rank
XY4P.DE
LYXA.DE
XY4P.DE vs. LYXA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.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.
| XY4P.DE | LYXA.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 | 1.01 | 0.96 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | -0.33 | +0.40 |
| Martin ratioReturn relative to average drawdown | 0.19 | -0.71 | +0.91 |
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
| XY4P.DE | LYXA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | -0.25 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | -0.50 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | -0.25 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.25 | +0.14 |
Drawdowns
XY4P.DE vs. LYXA.DE - Drawdown Comparison
The maximum XY4P.DE drawdown since its inception was -20.52%, smaller than the maximum LYXA.DE drawdown of -25.02%. Use the drawdown chart below to compare losses from any high point for XY4P.DE and LYXA.DE.
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Drawdown Indicators
| XY4P.DE | LYXA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.52% | -25.02% | +4.50% |
Max Drawdown (1Y)Largest decline over 1 year | -3.95% | -3.06% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -4.07% | -4.62% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -22.76% | +2.65% |
Max Drawdown (10Y)Largest decline over 10 years | -20.52% | -25.02% | +4.50% |
Current DrawdownCurrent decline from peak | -9.19% | -19.75% | +10.56% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -8.80% | +3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.42% | +0.01% |
Volatility
XY4P.DE vs. LYXA.DE - Volatility Comparison
Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.DE) has a higher volatility of 1.77% compared to Amundi Euro Highest Rated Macro-Weighted Government Bond UCITS ETF Acc (LYXA.DE) at 1.61%. This indicates that XY4P.DE's price experiences larger fluctuations and is considered to be riskier than LYXA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XY4P.DE | LYXA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.61% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.88% | 3.28% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 4.03% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 6.48% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.49% | 5.78% | +0.71% |
XY4P.DE vs. LYXA.DE - Expense Ratio Comparison
XY4P.DE has a 0.15% 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
XY4P.DE vs. LYXA.DE - Dividend Comparison
Neither XY4P.DE nor LYXA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, XY4P.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, XY4P.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XY4P.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for LYXA.DE.
XY4P.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus, while LYXA.DE tracks MTS Mid Price Highest Rated Macro-Weighted All-Maturity (EUR). They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.15% for XY4P.DE and 0.17% for LYXA.DE.
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