ING vs. LYG
ING (ING Groep N.V.) and LYG (Lloyds Banking Group plc) are both stocks. Both are in the Financial Services sector — ING in Banks - Diversified, LYG in Banks - Regional. Over the past 10 years, ING returned 18.20%/yr vs 10.48%/yr for LYG. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
ING vs. LYG - Performance Comparison
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Returns By Period
In the year-to-date period, ING achieves a 19.42% return, which is significantly higher than LYG's 10.96% return. Over the past 10 years, ING has outperformed LYG with an annualized return of 18.20%, while LYG has yielded a comparatively lower 10.48% annualized return.
ING
- 1D
- 2.68%
- 1M
- 5.57%
- YTD
- 19.42%
- 6M
- 18.96%
- 1Y
- 66.68%
- 3Y*
- 46.20%
- 5Y*
- 28.64%
- 10Y*
- 18.20%
LYG
- 1D
- 3.61%
- 1M
- 7.09%
- YTD
- 10.96%
- 6M
- 11.80%
- 1Y
- 45.62%
- 3Y*
- 46.79%
- 5Y*
- 23.04%
- 10Y*
- 10.48%
ING vs. LYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ING ING Groep N.V. | 19.42% | 91.12% | 12.25% | 31.88% | -4.22% | 55.41% | -21.66% | 20.03% | -41.15% | 35.53% |
LYG Lloyds Banking Group plc | 10.96% | 103.71% | 20.30% | 14.68% | -9.47% | 33.81% | -40.79% | 36.81% | -28.35% | 30.79% |
Correlation
The correlation between ING and LYG is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2001 | 0.63 |
The correlation between ING and LYG has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
Fundamentals
ING:
€2.17
LYG:
£0.45
ING:
12.95
LYG:
9.71
ING:
0.77
LYG:
4.86
ING:
2.00
LYG:
0.75
ING:
€41.73B
LYG:
£65.49B
ING:
€40.40B
LYG:
£65.49B
ING:
€9.28B
LYG:
£7.17B
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Return for Risk
ING vs. LYG — Risk / Return Rank
ING
LYG
ING vs. LYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ING Groep N.V. (ING) and Lloyds Banking Group plc (LYG). 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.
| ING | LYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.28 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 2.02 | +1.36 |
| Martin ratioReturn relative to average drawdown | 11.04 | 5.46 | +5.58 |
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Drawdowns
ING vs. LYG - Drawdown Comparison
The maximum ING drawdown since its inception was -92.73%, roughly equal to the maximum LYG drawdown of -94.84%. Use the drawdown chart below to compare losses from any high point for ING and LYG.
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Drawdown Indicators
| ING | LYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.73% | -94.84% | +2.11% |
Max Drawdown (1Y)Largest decline over 1 year | -19.86% | -22.72% | +2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -19.86% | -22.72% | +2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -43.39% | -40.19% | -3.20% |
Max Drawdown (10Y)Largest decline over 10 years | -75.27% | -68.72% | -6.55% |
Current DrawdownCurrent decline from peak | 0.00% | -54.14% | +54.14% |
Average DrawdownAverage peak-to-trough decline | -45.76% | -63.40% | +17.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.06% | 8.38% | -2.32% |
Volatility
ING vs. LYG - Volatility Comparison
The current volatility for ING Groep N.V. (ING) is 7.80%, while Lloyds Banking Group plc (LYG) has a volatility of 8.77%. This indicates that ING experiences smaller price fluctuations and is considered to be less risky than LYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ING | LYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.80% | 8.77% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 21.50% | 22.57% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.33% | 28.66% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.28% | 32.15% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.91% | 36.36% | -1.45% |
Dividends
ING vs. LYG - Dividend Comparison
ING's dividend yield for the trailing twelve months is around 4.61%, more than LYG's 3.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ING ING Groep N.V. | 4.61% | 4.78% | 7.65% | 5.86% | 7.16% | 5.09% | 0.00% | 5.92% | 2.63% | 3.28% | 4.24% | 2.58% |
LYG Lloyds Banking Group plc | 3.48% | 3.19% | 5.44% | 5.23% | 4.92% | 2.70% | 0.00% | 5.04% | 6.63% | 6.81% | 5.17% | 2.11% |
Financials
ING vs. LYG - Financials Comparison
This section allows you to compare key financial metrics between ING Groep N.V. 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
ING vs. LYG - Profitability Comparison
ING - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ING Groep N.V. reported a gross profit of 5.48B and revenue of 5.82B. Therefore, the gross margin over that period was 94.1%.
LYG - 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%.
ING - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ING Groep N.V. reported an operating income of 2.26B and revenue of 5.82B, resulting in an operating margin of 38.8%.
LYG - 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%.
ING - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ING Groep N.V. reported a net income of 1.56B and revenue of 5.82B, resulting in a net margin of 26.7%.
LYG - 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
ING and LYG have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LYG has higher volatility (8.77%) compared to ING (7.80%). In terms of maximum drawdown, ING dropped -92.73% vs LYG's -94.84%.
ING currently has the higher Sharpe Ratio (2.55 vs 1.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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