KLMG.L vs. BNKE.L

Last updated Jun 5, 2026

KLMG.L (Lyxor Green Bond UCITS ETF GBP Hedged Dist) and BNKE.L (Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc) are both exchange-traded funds - KLMG.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR Hdg GBP, while BNKE.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, KLMG.L returned -1.59%/yr vs 29.25%/yr for BNKE.L. At a correlation of -0.09, they often move in opposite directions. Both charge a 0.30% expense ratio.

Performance

KLMG.L vs. BNKE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.L) and Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KLMG.L achieves a 0.83% return, which is significantly lower than BNKE.L's 4.63% return.

KLMG.L

• 1D: 0.09%
• 1M: 0.83%
• YTD: 0.83%
• 6M: -1.34%
• 1Y: 0.36%
• 3Y*: 3.69%
• 5Y*: -1.59%
• 10Y*: —

BNKE.L

• 1D: 0.77%
• 1M: 6.68%
• YTD: 4.63%
• 6M: 11.03%
• 1Y: 45.15%
• 3Y*: 46.04%
• 5Y*: 29.25%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KLMG.L vs. BNKE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
KLMG.L Lyxor Green Bond UCITS ETF GBP Hedged Dist	0.83%	1.12%	3.03%	8.52%	-18.95%	-3.47%	1.21%
BNKE.L Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc	4.63%	99.94%	25.19%	27.75%	6.62%	31.33%	17.12%

Correlation

The correlation between KLMG.L and BNKE.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020	-0.09

The correlation between KLMG.L and BNKE.L shifts across timeframes, from -0.09 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

KLMG.L vs. BNKE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KLMG.L

KLMG.L Risk / Return Rank: 10
KLMG.L Sharpe Ratio Rank: 10
KLMG.L Sortino Ratio Rank: 9
KLMG.L Omega Ratio Rank: 9
KLMG.L Calmar Ratio Rank: 10
KLMG.L Martin Ratio Rank: 10

BNKE.L

BNKE.L Risk / Return Rank: 55
BNKE.L Sharpe Ratio Rank: 58
BNKE.L Sortino Ratio Rank: 56
BNKE.L Omega Ratio Rank: 52
BNKE.L Calmar Ratio Rank: 55
BNKE.L Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KLMG.L vs. BNKE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.L) and Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.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.

	KLMG.L	BNKE.L	Difference
Sharpe ratio: Return per unit of total volatility	0.08	1.93	-1.85
Sortino ratio: Return per unit of downside risk	0.14	2.65	-2.51
Omega ratio: Gain probability vs. loss probability	1.02	1.32	-0.30
Calmar ratio: Return relative to maximum drawdown	0.09	2.70	-2.61
Martin ratio: Return relative to average drawdown	0.20	8.72	-8.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KLMG.L vs. BNKE.L - Sharpe Ratio Comparison

The current KLMG.L Sharpe Ratio is 0.08, which is lower than the BNKE.L Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of KLMG.L and BNKE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KLMG.L	BNKE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	1.93	-1.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.27	1.15	-1.42
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	0.75	-1.06

Drawdowns

KLMG.L vs. BNKE.L - Drawdown Comparison

The maximum KLMG.L drawdown since its inception was -24.10%, smaller than the maximum BNKE.L drawdown of -48.52%. Use the drawdown chart below to compare losses from any high point for KLMG.L and BNKE.L.

Drawdown Indicators

	KLMG.L	BNKE.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.10%	-48.52%	+24.42%
Max Drawdown (1Y) Largest decline over 1 year	-3.94%	-16.66%	+12.72%
Max Drawdown (3Y) Largest decline over 3 years	-3.94%	-18.40%	+14.46%
Max Drawdown (5Y) Largest decline over 5 years	-23.06%	-34.21%	+11.15%
Current Drawdown Current decline from peak	-11.23%	-1.62%	-9.61%
Average Drawdown Average peak-to-trough decline	-12.13%	-10.40%	-1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	5.17%	-3.37%

Volatility

KLMG.L vs. BNKE.L - Volatility Comparison

The current volatility for Lyxor Green Bond UCITS ETF GBP Hedged Dist (KLMG.L) is 1.72%, while Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L) has a volatility of 6.10%. This indicates that KLMG.L experiences smaller price fluctuations and is considered to be less risky than BNKE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KLMG.L	BNKE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.72%	6.10%	-4.38%
Volatility (6M) Calculated over the trailing 6-month period	3.68%	18.62%	-14.94%
Volatility (1Y) Calculated over the trailing 1-year period	4.32%	23.28%	-18.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.88%	25.45%	-19.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.58%	29.62%	-24.04%

KLMG.L vs. BNKE.L - Expense Ratio Comparison

Both KLMG.L and BNKE.L have an expense ratio of 0.30%.

Dividends

KLMG.L vs. BNKE.L - Dividend Comparison

Neither KLMG.L nor BNKE.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BNKE.L Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KLMG.L Lyxor Green Bond UCITS ETF GBP Hedged Dist	0.00%	0.00%	2.02%	1.44%	1.28%	1.03%

Frequently Asked Questions

Can I hold both KLMG.L and BNKE.L in my portfolio?

KLMG.L and BNKE.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KLMG.L or BNKE.L?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KLMG.L or BNKE.L?

KLMG.L and BNKE.L have the same expense ratio: 0.30% per year.

What is the main difference between KLMG.L and BNKE.L?

KLMG.L is categorized as Global Corporate Bonds, while BNKE.L is Financials Equities. KLMG.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP, while BNKE.L tracks MSCI World/Financials NR USD.