L8I3.DE vs. LYP6.DE
L8I3.DE (Amundi EUR Overnight Return UCITS ETF (Acc)) and LYP6.DE (Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc) are both exchange-traded funds - L8I3.DE is a Money Market fund tracking the Solactive EUR Overnight Return Index, while LYP6.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 10 years, L8I3.DE returned 0.67%/yr vs 10.30%/yr for LYP6.DE. At a correlation of -0.01, they often move in opposite directions. L8I3.DE charges 0.10%/yr vs 0.07%/yr for LYP6.DE.
Performance
L8I3.DE vs. LYP6.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 LYP6.DE's 12.31% return. Over the past 10 years, L8I3.DE has underperformed LYP6.DE with an annualized return of 0.67%, while LYP6.DE has yielded a comparatively higher 10.30% 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%
LYP6.DE
- 1D
- 0.60%
- 1M
- 5.10%
- 6M
- 11.36%
- YTD
- 12.31%
- 1Y
- 23.23%
- 3Y*
- 15.48%
- 5Y*
- 10.49%
- 10Y*
- 10.30%
L8I3.DE vs. LYP6.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% |
LYP6.DE Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc | 12.31% | 20.82% | 8.25% | 15.97% | -10.40% | 24.81% | -1.72% | 28.59% | -11.28% | 11.31% |
Correlation
The correlation between L8I3.DE and LYP6.DE is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2013 | -0.01 |
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Return for Risk
L8I3.DE vs. LYP6.DE — Risk / Return Rank
L8I3.DE
LYP6.DE
L8I3.DE vs. LYP6.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 Core STOXX Europe 600 (DR) UCITS ETF Acc (LYP6.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 | LYP6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.39 | ||
| Sortino ratioReturn per unit of downside risk | +10.59 | ||
| Omega ratioGain probability vs. loss probability | 2.77 | 1.33 | +1.44 |
| Calmar ratioReturn relative to maximum drawdown | 45.01 | 2.45 | +42.56 |
| Martin ratioReturn relative to average drawdown | 172.38 | 9.52 | +162.86 |
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Drawdowns
L8I3.DE vs. LYP6.DE - Drawdown Comparison
The maximum L8I3.DE drawdown since its inception was -3.92%, smaller than the maximum LYP6.DE drawdown of -35.51%. Use the drawdown chart below to compare losses from any high point for L8I3.DE and LYP6.DE.
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Drawdown Indicators
| L8I3.DE | LYP6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -35.51% | +31.59% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -9.45% | +9.41% |
Max Drawdown (3Y)Largest decline over 3 years | -0.07% | -16.26% | +16.19% |
Max Drawdown (5Y)Largest decline over 5 years | -0.78% | -20.71% | +19.93% |
Max Drawdown (10Y)Largest decline over 10 years | -3.59% | -35.51% | +31.92% |
Current DrawdownCurrent decline from peak | -0.01% | 0.00% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -5.21% | +4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 2.44% | -2.43% |
Volatility
L8I3.DE vs. LYP6.DE - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF (Acc) (L8I3.DE) is 0.07%, while Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc (LYP6.DE) has a volatility of 3.16%. This indicates that L8I3.DE experiences smaller price fluctuations and is considered to be less risky than LYP6.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 | LYP6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 3.16% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 0.21% | 10.92% | -10.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.32% | 13.02% | -12.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 14.43% | -14.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.21% | 15.27% | -15.06% |
L8I3.DE vs. LYP6.DE - Expense Ratio Comparison
L8I3.DE has a 0.10% expense ratio, which is higher than LYP6.DE's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
L8I3.DE vs. LYP6.DE - Dividend Comparison
Neither L8I3.DE nor LYP6.DE has paid dividends to shareholders.
Frequently Asked Questions
L8I3.DE and LYP6.DE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYP6.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYP6.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for L8I3.DE.
L8I3.DE is categorized as Money Market, while LYP6.DE is Europe Equities. L8I3.DE tracks Solactive EUR Overnight Return Index, while LYP6.DE tracks STOXX® Europe 600. Their fees differ too: 0.10% for L8I3.DE and 0.07% for LYP6.DE.
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