BATE.DE vs. LBRE.DE
BATE.DE (Legal & General Battery Value-Chain UCITS ETF) and LBRE.DE (Lyxor STOXX Europe 600 Basic Resources UCITS ETF Acc) are both exchange-traded funds - BATE.DE is a Lithium & Battery Metals fund tracking the Solactive Battery Value-Chain Index, while LBRE.DE is a Industrials Equities fund tracking the STOXX® Europe 600 Basic Resources. Both are passively managed. Over the past 5 years, BATE.DE returned 14.60%/yr vs 10.07%/yr for LBRE.DE. A 0.64 correlation means they provide meaningful diversification when combined. BATE.DE charges 0.49%/yr vs 0.30%/yr for LBRE.DE.
Performance
BATE.DE vs. LBRE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BATE.DE achieves a 20.81% return, which is significantly higher than LBRE.DE's 18.60% return.
BATE.DE
- 1D
- -2.30%
- 1M
- -10.92%
- YTD
- 20.81%
- 6M
- 21.86%
- 1Y
- 101.45%
- 3Y*
- 20.29%
- 5Y*
- 14.60%
- 10Y*
- —
LBRE.DE
- 1D
- 0.88%
- 1M
- -8.29%
- YTD
- 18.60%
- 6M
- 20.95%
- 1Y
- 72.71%
- 3Y*
- 16.57%
- 5Y*
- 10.07%
- 10Y*
- 15.77%
BATE.DE vs. LBRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BATE.DE Legal & General Battery Value-Chain UCITS ETF | 20.81% | 54.92% | 4.47% | 5.32% | -9.11% | 25.96% | 63.27% | 21.00% | -14.01% |
LBRE.DE Lyxor STOXX Europe 600 Basic Resources UCITS ETF Acc | 18.60% | 33.09% | -8.87% | -2.42% | 9.14% | 26.86% | 13.06% | 22.70% | -11.21% |
Correlation
The correlation between BATE.DE and LBRE.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2018 | 0.64 |
The correlation between BATE.DE and LBRE.DE has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.
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
BATE.DE vs. LBRE.DE — Risk / Return Rank
BATE.DE
LBRE.DE
BATE.DE vs. LBRE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Legal & General Battery Value-Chain UCITS ETF (BATE.DE) and Lyxor STOXX Europe 600 Basic Resources UCITS ETF Acc (LBRE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BATE.DE | LBRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.43 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 6.67 | 4.22 | +2.45 |
| Martin ratioReturn relative to average drawdown | 22.65 | 15.59 | +7.06 |
Loading charts...
Drawdowns
BATE.DE vs. LBRE.DE - Drawdown Comparison
The maximum BATE.DE drawdown since its inception was -36.43%, smaller than the maximum LBRE.DE drawdown of -74.48%. Use the drawdown chart below to compare losses from any high point for BATE.DE and LBRE.DE.
Loading charts...
Drawdown Indicators
| BATE.DE | LBRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.43% | -74.48% | +38.05% |
Max Drawdown (1Y)Largest decline over 1 year | -15.12% | -17.12% | +2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -34.05% | -33.23% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -37.22% | +3.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.32% | — |
Current DrawdownCurrent decline from peak | -13.66% | -12.74% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -34.79% | +26.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 4.65% | -0.19% |
Volatility
BATE.DE vs. LBRE.DE - Volatility Comparison
Legal & General Battery Value-Chain UCITS ETF (BATE.DE) has a higher volatility of 10.20% compared to Lyxor STOXX Europe 600 Basic Resources UCITS ETF Acc (LBRE.DE) at 9.51%. This indicates that BATE.DE's price experiences larger fluctuations and is considered to be riskier than LBRE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BATE.DE | LBRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 9.51% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 24.43% | 23.06% | +1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.65% | 26.88% | +3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 26.34% | -2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.57% | 27.30% | -3.73% |
BATE.DE vs. LBRE.DE - Expense Ratio Comparison
BATE.DE has a 0.49% expense ratio, which is higher than LBRE.DE's 0.30% expense ratio.
Dividends
BATE.DE vs. LBRE.DE - Dividend Comparison
Neither BATE.DE nor LBRE.DE has paid dividends to shareholders.
Frequently Asked Questions
BATE.DE and LBRE.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LBRE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LBRE.DE is cheaper with a 0.30% expense ratio, compared with 0.49% for BATE.DE.
BATE.DE is categorized as Lithium & Battery Metals, while LBRE.DE is Industrials Equities. BATE.DE tracks Solactive Battery Value-Chain Index, while LBRE.DE tracks STOXX® Europe 600 Basic Resources. They also come from different issuers: Legal & General and Amundi. Their fees differ too: 0.49% for BATE.DE and 0.30% for LBRE.DE.
Find the right allocation for BATE.DE and LBRE.DE
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