H2O.DE vs. LBNK.DE
H2O.DE (Enapter AG) is a stock, while LBNK.DE (Lyxor STOXX Europe 600 Banks UCITS ETF Acc) is Financials Equities fund tracking the STOXX® Europe 600 Banks. Over the past 5 years, H2O.DE returned -44.30%/yr vs 27.76%/yr for LBNK.DE. At a 0.04 correlation, their price movements are largely independent.
Performance
H2O.DE vs. LBNK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H2O.DE achieves a -16.72% return, which is significantly lower than LBNK.DE's 7.56% return.
H2O.DE
- 1D
- -4.05%
- 1M
- 16.39%
- YTD
- -16.72%
- 6M
- -34.86%
- 1Y
- -49.29%
- 3Y*
- -51.11%
- 5Y*
- -44.30%
- 10Y*
- —
LBNK.DE
- 1D
- 0.67%
- 1M
- 2.51%
- YTD
- 7.56%
- 6M
- 15.54%
- 1Y
- 40.00%
- 3Y*
- 42.34%
- 5Y*
- 27.76%
- 10Y*
- 14.15%
H2O.DE vs. LBNK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H2O.DE Enapter AG | -16.72% | -58.92% | -58.42% | -29.96% | -38.97% | -12.47% | -50.09% |
LBNK.DE Lyxor STOXX Europe 600 Banks UCITS ETF Acc | 7.56% | 76.66% | 32.67% | 26.48% | 1.30% | 37.71% | 28.68% |
Correlation
The correlation between H2O.DE and LBNK.DE is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2020 | 0.04 |
The correlation between H2O.DE and LBNK.DE shifts across timeframes, from -0.09 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
H2O.DE vs. LBNK.DE — Risk / Return Rank
H2O.DE
LBNK.DE
H2O.DE vs. LBNK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Enapter AG (H2O.DE) and Lyxor STOXX Europe 600 Banks UCITS ETF Acc (LBNK.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.
| H2O.DE | LBNK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -3.90 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.31 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 2.60 | -3.38 |
| Martin ratioReturn relative to average drawdown | -1.22 | 8.86 | -10.09 |
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
| H2O.DE | LBNK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.80 | 1.86 | -2.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.89 | 1.20 | -2.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.77 | 0.06 | -0.83 |
Drawdowns
H2O.DE vs. LBNK.DE - Drawdown Comparison
The maximum H2O.DE drawdown since its inception was -98.00%, which is greater than LBNK.DE's maximum drawdown of -81.84%. Use the drawdown chart below to compare losses from any high point for H2O.DE and LBNK.DE.
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Drawdown Indicators
| H2O.DE | LBNK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.00% | -81.84% | -16.16% |
Max Drawdown (1Y)Largest decline over 1 year | -63.67% | -15.83% | -47.84% |
Max Drawdown (3Y)Largest decline over 3 years | -91.68% | -20.26% | -71.42% |
Max Drawdown (5Y)Largest decline over 5 years | -96.32% | -27.82% | -68.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.08% | — |
Current DrawdownCurrent decline from peak | -97.39% | -1.13% | -96.26% |
Average DrawdownAverage peak-to-trough decline | -76.16% | -53.20% | -22.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.03% | 4.65% | +36.38% |
Volatility
H2O.DE vs. LBNK.DE - Volatility Comparison
Enapter AG (H2O.DE) has a higher volatility of 18.97% compared to Lyxor STOXX Europe 600 Banks UCITS ETF Acc (LBNK.DE) at 5.68%. This indicates that H2O.DE's price experiences larger fluctuations and is considered to be riskier than LBNK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H2O.DE | LBNK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.97% | 5.68% | +13.29% |
Volatility (6M)Calculated over the trailing 6-month period | 35.77% | 18.02% | +17.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.47% | 22.10% | +40.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.20% | 22.90% | +26.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.41% | 25.34% | +36.07% |
Dividends
H2O.DE vs. LBNK.DE - Dividend Comparison
Neither H2O.DE nor LBNK.DE has paid dividends to shareholders.
Frequently Asked Questions
H2O.DE and LBNK.DE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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