AV.L vs. LLOY.L
AV.L (Aviva plc) and LLOY.L (Lloyds Banking Group plc) are both stocks. Both are in the Financial Services sector — AV.L in Insurance - Diversified, LLOY.L in Banks - Regional. Over the past 10 years, AV.L returned 5.84%/yr vs 8.20%/yr for LLOY.L. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
AV.L vs. LLOY.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AV.L achieves a -6.88% return, which is significantly lower than LLOY.L's 3.29% return. Over the past 10 years, AV.L has underperformed LLOY.L with an annualized return of 5.84%, while LLOY.L has yielded a comparatively higher 8.20% annualized return.
AV.L
- 1D
- 1.23%
- 1M
- -1.48%
- YTD
- -6.88%
- 6M
- -1.16%
- 1Y
- 4.06%
- 3Y*
- 23.74%
- 5Y*
- 7.93%
- 10Y*
- 5.84%
LLOY.L
- 1D
- -0.10%
- 1M
- 0.03%
- YTD
- 3.29%
- 6M
- 6.03%
- 1Y
- 34.00%
- 3Y*
- 36.39%
- 5Y*
- 21.21%
- 10Y*
- 8.20%
AV.L vs. LLOY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AV.L Aviva plc | -6.88% | 56.69% | 16.76% | 5.64% | -18.84% | 30.80% | -19.79% | 18.65% | -22.84% | 8.48% |
LLOY.L Lloyds Banking Group plc | 3.29% | 88.33% | 21.09% | 10.91% | -0.38% | 34.81% | -41.70% | 27.49% | -20.02% | 11.38% |
Correlation
The correlation between AV.L and LLOY.L is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | 0.56 |
The correlation between AV.L and LLOY.L has been stable across timeframes, ranging from 0.53 to 0.56 - a consistent structural relationship.
Fundamentals
AV.L:
£22.86B
LLOY.L:
£58.25B
AV.L:
£0.49
LLOY.L:
£0.08
AV.L:
12.48
LLOY.L:
11.79
AV.L:
0.44
LLOY.L:
3.30
AV.L:
0.24
LLOY.L:
3.05
AV.L:
2.36
LLOY.L:
1.21
AV.L:
£80.81B
LLOY.L:
£19.51B
AV.L:
£84.57B
LLOY.L:
£19.34B
AV.L:
£2.85B
LLOY.L:
£7.17B
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
AV.L vs. LLOY.L — Risk / Return Rank
AV.L
LLOY.L
AV.L vs. LLOY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aviva plc (AV.L) and Lloyds Banking Group plc (LLOY.L). 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.
| AV.L | LLOY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.23 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 1.72 | -1.39 |
| Martin ratioReturn relative to average drawdown | 0.76 | 4.84 | -4.08 |
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
| AV.L | LLOY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 1.23 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.78 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.27 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.02 | +0.16 |
Drawdowns
AV.L vs. LLOY.L - Drawdown Comparison
The maximum AV.L drawdown since its inception was -59.13%, smaller than the maximum LLOY.L drawdown of -91.44%. Use the drawdown chart below to compare losses from any high point for AV.L and LLOY.L.
Loading charts...
Drawdown Indicators
| AV.L | LLOY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.13% | -91.44% | +32.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -19.68% | +7.45% |
Max Drawdown (3Y)Largest decline over 3 years | -12.83% | -19.68% | +6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -39.21% | -25.65% | -13.56% |
Max Drawdown (10Y)Largest decline over 10 years | -59.13% | -64.34% | +5.21% |
Current DrawdownCurrent decline from peak | -8.30% | -9.88% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -16.08% | -52.56% | +36.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 7.00% | -1.67% |
Volatility
AV.L vs. LLOY.L - Volatility Comparison
The current volatility for Aviva plc (AV.L) is 5.46%, while Lloyds Banking Group plc (LLOY.L) has a volatility of 8.28%. This indicates that AV.L experiences smaller price fluctuations and is considered to be less risky than LLOY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AV.L | LLOY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 8.28% | -2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 15.98% | 20.96% | -4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.18% | 27.61% | -7.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.94% | 27.16% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.65% | 30.69% | -3.04% |
Dividends
AV.L vs. LLOY.L - Dividend Comparison
AV.L's dividend yield for the trailing twelve months is around 6.44%, more than LLOY.L's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AV.L Aviva plc | 6.44% | 5.39% | 8.25% | 7.33% | 29.52% | 3.96% | 3.03% | 5.48% | 5.74% | 3.64% | 2.56% | 2.12% |
LLOY.L Lloyds Banking Group plc | 3.68% | 3.39% | 5.29% | 5.28% | 4.69% | 2.59% | 0.00% | 5.22% | 6.02% | 2.20% | 2.16% | 2.05% |
Financials
AV.L vs. LLOY.L - Financials Comparison
This section allows you to compare key financial metrics between Aviva plc and Lloyds Banking Group plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AV.L vs. LLOY.L - Profitability Comparison
AV.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Aviva plc reported a gross profit of 38.52B and revenue of 38.52B. Therefore, the gross margin over that period was 100.0%.
LLOY.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lloyds Banking Group plc reported a gross profit of 5.18B and revenue of 5.18B. Therefore, the gross margin over that period was 100.0%.
AV.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Aviva plc reported an operating income of 576.00M and revenue of 38.52B, resulting in an operating margin of 1.5%.
LLOY.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lloyds Banking Group plc reported an operating income of 2.03B and revenue of 5.18B, resulting in an operating margin of 39.1%.
AV.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Aviva plc reported a net income of 226.00M and revenue of 38.52B, resulting in a net margin of 0.6%.
LLOY.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lloyds Banking Group plc reported a net income of 1.53B and revenue of 5.18B, resulting in a net margin of 29.5%.
Frequently Asked Questions
AV.L and LLOY.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for AV.L and LLOY.L
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