AYE2.DE vs. LYBK.DE
AYE2.DE (iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc) and LYBK.DE (Amundi Euro Stoxx Banks UCITS ETF Acc) are both exchange-traded funds - AYE2.DE is a European High Yield Bonds fund tracking the Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond, while LYBK.DE is a Financials Equities fund tracking the EURO STOXX® Banks. Both are passively managed. Over the past 5 years, AYE2.DE returned 2.45%/yr vs 29.06%/yr for LYBK.DE. At a 0.47 correlation, their price movements are largely independent. AYE2.DE charges 0.25%/yr vs 0.30%/yr for LYBK.DE.
Performance
AYE2.DE vs. LYBK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYE2.DE achieves a 0.71% return, which is significantly lower than LYBK.DE's 5.35% return.
AYE2.DE
- 1D
- -0.10%
- 1M
- 0.88%
- YTD
- 0.71%
- 6M
- 1.00%
- 1Y
- 3.78%
- 3Y*
- 6.88%
- 5Y*
- 2.45%
- 10Y*
- —
LYBK.DE
- 1D
- 0.92%
- 1M
- 6.42%
- YTD
- 5.35%
- 6M
- 12.06%
- 1Y
- 41.47%
- 3Y*
- 45.91%
- 5Y*
- 29.06%
- 10Y*
- —
AYE2.DE vs. LYBK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AYE2.DE iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc | 0.71% | 5.88% | 6.36% | 10.77% | -10.72% | 0.80% |
LYBK.DE Amundi Euro Stoxx Banks UCITS ETF Acc | 5.35% | 91.46% | 30.53% | 30.34% | 0.78% | 17.94% |
Correlation
The correlation between AYE2.DE and LYBK.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2021 | 0.47 |
The correlation between AYE2.DE and LYBK.DE has been stable across timeframes, ranging from 0.47 to 0.57 - a consistent structural relationship.
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Return for Risk
AYE2.DE vs. LYBK.DE — Risk / Return Rank
AYE2.DE
LYBK.DE
AYE2.DE vs. LYBK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) and Amundi Euro Stoxx Banks UCITS ETF Acc (LYBK.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.
| AYE2.DE | LYBK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 2.41 | -1.20 |
| Martin ratioReturn relative to average drawdown | 5.15 | 7.56 | -2.41 |
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
| AYE2.DE | LYBK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 1.72 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 1.13 | -0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.46 | -0.01 |
Drawdowns
AYE2.DE vs. LYBK.DE - Drawdown Comparison
The maximum AYE2.DE drawdown since its inception was -16.48%, smaller than the maximum LYBK.DE drawdown of -62.22%. Use the drawdown chart below to compare losses from any high point for AYE2.DE and LYBK.DE.
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Drawdown Indicators
| AYE2.DE | LYBK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.48% | -62.22% | +45.74% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -17.12% | +14.02% |
Max Drawdown (3Y)Largest decline over 3 years | -3.69% | -19.90% | +16.21% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -34.32% | +17.84% |
Current DrawdownCurrent decline from peak | -0.33% | -1.83% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -19.62% | +15.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 5.47% | -4.74% |
Volatility
AYE2.DE vs. LYBK.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) is 0.98%, while Amundi Euro Stoxx Banks UCITS ETF Acc (LYBK.DE) has a volatility of 5.84%. This indicates that AYE2.DE experiences smaller price fluctuations and is considered to be less risky than LYBK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYE2.DE | LYBK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 5.84% | -4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 3.09% | 19.19% | -16.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.58% | 23.95% | -20.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.34% | 25.45% | -20.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 28.55% | -23.29% |
AYE2.DE vs. LYBK.DE - Expense Ratio Comparison
AYE2.DE has a 0.25% expense ratio, which is lower than LYBK.DE's 0.30% expense ratio.
Dividends
AYE2.DE vs. LYBK.DE - Dividend Comparison
Neither AYE2.DE nor LYBK.DE has paid dividends to shareholders.
Frequently Asked Questions
AYE2.DE and LYBK.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AYE2.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYE2.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for LYBK.DE.
AYE2.DE is categorized as European High Yield Bonds, while LYBK.DE is Financials Equities. AYE2.DE tracks Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond, while LYBK.DE tracks EURO STOXX® Banks. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for AYE2.DE and 0.30% for LYBK.DE.
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