L8I3.DE vs. LYBK.DE
L8I3.DE (Amundi EUR Overnight Return UCITS ETF (Acc)) and LYBK.DE (Amundi Euro Stoxx Banks UCITS ETF Acc) are both exchange-traded funds - L8I3.DE is a Money Market fund tracking the Solactive EUR Overnight Return Index, while LYBK.DE is a Financials Equities fund tracking the EURO STOXX® Banks. Both are passively managed. Over the past 10 years, L8I3.DE returned 0.67%/yr vs 19.13%/yr for LYBK.DE. At a 0.02 correlation, their price movements are largely independent. L8I3.DE charges 0.10%/yr vs 0.30%/yr for LYBK.DE.
Performance
L8I3.DE vs. LYBK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, L8I3.DE achieves a 1.03% return, which is significantly lower than LYBK.DE's 17.49% return. Over the past 10 years, L8I3.DE has underperformed LYBK.DE with an annualized return of 0.67%, while LYBK.DE has yielded a comparatively higher 19.13% annualized return.
L8I3.DE
- 1D
- -0.01%
- 1M
- 0.20%
- 6M
- 0.97%
- YTD
- 1.03%
- 1Y
- 2.00%
- 3Y*
- 2.93%
- 5Y*
- 1.92%
- 10Y*
- 0.67%
LYBK.DE
- 1D
- 0.53%
- 1M
- 12.55%
- 6M
- 15.65%
- YTD
- 17.49%
- 1Y
- 54.60%
- 3Y*
- 48.56%
- 5Y*
- 33.46%
- 10Y*
- 19.13%
L8I3.DE vs. LYBK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
L8I3.DE Amundi EUR Overnight Return UCITS ETF (Acc) | 1.03% | 2.21% | 3.69% | 3.17% | -0.11% | -0.69% | -0.68% | -0.61% | -0.56% | -0.46% |
LYBK.DE Amundi Euro Stoxx Banks UCITS ETF Acc | 17.49% | 91.46% | 30.53% | 30.34% | 0.78% | 39.97% | -22.43% | 17.74% | -30.86% | 14.21% |
Correlation
The correlation between L8I3.DE and LYBK.DE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2013 | 0.02 |
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Return for Risk
L8I3.DE vs. LYBK.DE — Risk / Return Rank
L8I3.DE
LYBK.DE
L8I3.DE vs. LYBK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi EUR Overnight Return UCITS ETF (Acc) (L8I3.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.
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.
| L8I3.DE | LYBK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.90 | ||
| Sortino ratioReturn per unit of downside risk | +10.07 | ||
| Omega ratioGain probability vs. loss probability | 2.77 | 1.37 | +1.40 |
| Calmar ratioReturn relative to maximum drawdown | 45.01 | 3.17 | +41.83 |
| Martin ratioReturn relative to average drawdown | 172.38 | 9.98 | +162.40 |
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Drawdowns
L8I3.DE vs. LYBK.DE - Drawdown Comparison
The maximum L8I3.DE drawdown since its inception was -3.92%, smaller than the maximum LYBK.DE drawdown of -63.98%. Use the drawdown chart below to compare losses from any high point for L8I3.DE and LYBK.DE.
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Drawdown Indicators
| L8I3.DE | LYBK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -63.98% | +60.06% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -17.12% | +17.08% |
Max Drawdown (3Y)Largest decline over 3 years | -0.07% | -19.90% | +19.83% |
Max Drawdown (5Y)Largest decline over 5 years | -0.78% | -34.32% | +33.54% |
Max Drawdown (10Y)Largest decline over 10 years | -3.59% | -62.22% | +58.63% |
Current DrawdownCurrent decline from peak | -0.01% | 0.00% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -20.14% | +19.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 5.45% | -5.44% |
Volatility
L8I3.DE vs. LYBK.DE - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF (Acc) (L8I3.DE) is 0.07%, while Amundi Euro Stoxx Banks UCITS ETF Acc (LYBK.DE) has a volatility of 6.33%. This indicates that L8I3.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
| L8I3.DE | LYBK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 6.33% | -6.26% |
Volatility (6M)Calculated over the trailing 6-month period | 0.21% | 19.85% | -19.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.32% | 23.95% | -23.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 25.48% | -25.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.21% | 27.66% | -27.45% |
L8I3.DE vs. LYBK.DE - Expense Ratio Comparison
L8I3.DE has a 0.10% expense ratio, which is lower than LYBK.DE's 0.30% expense ratio.
Dividends
L8I3.DE vs. LYBK.DE - Dividend Comparison
Neither L8I3.DE nor LYBK.DE has paid dividends to shareholders.
Frequently Asked Questions
L8I3.DE and LYBK.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, L8I3.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
L8I3.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for LYBK.DE.
L8I3.DE is categorized as Money Market, while LYBK.DE is Financials Equities. L8I3.DE tracks Solactive EUR Overnight Return Index, while LYBK.DE tracks EURO STOXX® Banks. Their fees differ too: 0.10% for L8I3.DE and 0.30% for LYBK.DE.
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