LBNK.DE vs. SC02.DE
LBNK.DE (Lyxor STOXX Europe 600 Banks UCITS ETF Acc) and SC02.DE (Invesco European Financials Sector UCITS ETF) are both Financials Equities funds - LBNK.DE tracks the STOXX® Europe 600 Banks while SC02.DE tracks the STOXX® Europe 600 Optimised Financial Services. Both are passively managed. Over the past 10 years, LBNK.DE returned 14.15%/yr vs 10.49%/yr for SC02.DE. A 0.65 correlation means they provide meaningful diversification when combined. LBNK.DE charges 0.30%/yr vs 0.20%/yr for SC02.DE.
Performance
LBNK.DE vs. SC02.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LBNK.DE achieves a 7.56% return, which is significantly higher than SC02.DE's 1.67% return. Over the past 10 years, LBNK.DE has outperformed SC02.DE with an annualized return of 14.15%, while SC02.DE has yielded a comparatively lower 10.49% annualized return.
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%
SC02.DE
- 1D
- 1.84%
- 1M
- -0.82%
- YTD
- 1.67%
- 6M
- 7.23%
- 1Y
- 3.87%
- 3Y*
- 16.32%
- 5Y*
- 8.30%
- 10Y*
- 10.49%
LBNK.DE vs. SC02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LBNK.DE Lyxor STOXX Europe 600 Banks UCITS ETF Acc | 7.56% | 76.66% | 32.67% | 26.48% | 1.30% | 37.71% | -24.17% | 14.90% | -25.93% | 11.91% |
SC02.DE Invesco European Financials Sector UCITS ETF | 1.67% | 9.93% | 19.25% | 27.60% | -20.74% | 24.60% | 6.09% | 46.54% | -14.49% | 18.89% |
Correlation
The correlation between LBNK.DE and SC02.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2009 | 0.65 |
The correlation between LBNK.DE and SC02.DE has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
LBNK.DE vs. SC02.DE — Risk / Return Rank
LBNK.DE
SC02.DE
LBNK.DE vs. SC02.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor STOXX Europe 600 Banks UCITS ETF Acc (LBNK.DE) and Invesco European Financials Sector UCITS ETF (SC02.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.
| LBNK.DE | SC02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.05 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 0.31 | +2.28 |
| Martin ratioReturn relative to average drawdown | 8.86 | 0.86 | +8.01 |
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
| LBNK.DE | SC02.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 0.24 | +1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 0.43 | +0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.50 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.55 | -0.49 |
Drawdowns
LBNK.DE vs. SC02.DE - Drawdown Comparison
The maximum LBNK.DE drawdown since its inception was -81.84%, which is greater than SC02.DE's maximum drawdown of -42.86%. Use the drawdown chart below to compare losses from any high point for LBNK.DE and SC02.DE.
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Drawdown Indicators
| LBNK.DE | SC02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.84% | -42.86% | -38.98% |
Max Drawdown (1Y)Largest decline over 1 year | -15.83% | -12.17% | -3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -20.26% | -19.17% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -27.82% | -29.68% | +1.86% |
Max Drawdown (10Y)Largest decline over 10 years | -56.08% | -42.86% | -13.22% |
Current DrawdownCurrent decline from peak | -1.13% | -3.42% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -53.20% | -8.06% | -45.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 4.46% | +0.19% |
Volatility
LBNK.DE vs. SC02.DE - Volatility Comparison
Lyxor STOXX Europe 600 Banks UCITS ETF Acc (LBNK.DE) has a higher volatility of 5.68% compared to Invesco European Financials Sector UCITS ETF (SC02.DE) at 4.93%. This indicates that LBNK.DE's price experiences larger fluctuations and is considered to be riskier than SC02.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LBNK.DE | SC02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 4.93% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 18.02% | 12.72% | +5.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.10% | 15.92% | +6.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.90% | 19.08% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.34% | 20.65% | +4.69% |
LBNK.DE vs. SC02.DE - Expense Ratio Comparison
LBNK.DE has a 0.30% expense ratio, which is higher than SC02.DE's 0.20% expense ratio.
Dividends
LBNK.DE vs. SC02.DE - Dividend Comparison
Neither LBNK.DE nor SC02.DE has paid dividends to shareholders.
Frequently Asked Questions
LBNK.DE and SC02.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC02.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC02.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for LBNK.DE.
LBNK.DE tracks STOXX® Europe 600 Banks, while SC02.DE tracks STOXX® Europe 600 Optimised Financial Services. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.30% for LBNK.DE and 0.20% for SC02.DE.
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