LBNK.DE vs. SC0U.DE
LBNK.DE (Lyxor STOXX Europe 600 Banks UCITS ETF Acc) and SC0U.DE (Invesco European Banks Sector UCITS ETF) are both Financials Equities funds - LBNK.DE tracks the STOXX® Europe 600 Banks while SC0U.DE tracks the STOXX® Europe 600 Optimised Banks. Both are passively managed. Over the past 10 years, LBNK.DE returned 14.15%/yr vs 13.83%/yr for SC0U.DE. Their correlation of 0.93 suggests significant overlap in exposure. LBNK.DE charges 0.30%/yr vs 0.20%/yr for SC0U.DE.
Performance
LBNK.DE vs. SC0U.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 SC0U.DE's 5.95% return. Both investments have delivered pretty close results over the past 10 years, with LBNK.DE having a 14.15% annualized return and SC0U.DE not far behind at 13.83%.
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%
SC0U.DE
- 1D
- 0.62%
- 1M
- 2.11%
- YTD
- 5.95%
- 6M
- 13.55%
- 1Y
- 38.42%
- 3Y*
- 42.79%
- 5Y*
- 27.34%
- 10Y*
- 13.83%
LBNK.DE vs. SC0U.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% |
SC0U.DE Invesco European Banks Sector UCITS ETF | 5.95% | 79.97% | 32.49% | 25.93% | -0.07% | 37.72% | -22.62% | 15.49% | -26.78% | 10.92% |
Correlation
The correlation between LBNK.DE and SC0U.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2009 | 0.93 |
The correlation between LBNK.DE and SC0U.DE has been stable across timeframes, ranging from 0.93 to 0.99 - a consistent structural relationship.
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Return for Risk
LBNK.DE vs. SC0U.DE — Risk / Return Rank
LBNK.DE
SC0U.DE
LBNK.DE vs. SC0U.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 Banks Sector UCITS ETF (SC0U.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 | SC0U.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.29 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.37 | +0.23 |
| Martin ratioReturn relative to average drawdown | 8.86 | 7.76 | +1.10 |
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 | SC0U.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 1.74 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 1.14 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.54 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.27 | -0.20 |
Drawdowns
LBNK.DE vs. SC0U.DE - Drawdown Comparison
The maximum LBNK.DE drawdown since its inception was -81.84%, which is greater than SC0U.DE's maximum drawdown of -60.69%. Use the drawdown chart below to compare losses from any high point for LBNK.DE and SC0U.DE.
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Drawdown Indicators
| LBNK.DE | SC0U.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.84% | -60.69% | -21.15% |
Max Drawdown (1Y)Largest decline over 1 year | -15.83% | -16.70% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -20.26% | -19.82% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -27.82% | -29.85% | +2.03% |
Max Drawdown (10Y)Largest decline over 10 years | -56.08% | -56.61% | +0.53% |
Current DrawdownCurrent decline from peak | -1.13% | -1.85% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -53.20% | -20.40% | -32.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 5.10% | -0.45% |
Volatility
LBNK.DE vs. SC0U.DE - Volatility Comparison
The current volatility for Lyxor STOXX Europe 600 Banks UCITS ETF Acc (LBNK.DE) is 5.68%, while Invesco European Banks Sector UCITS ETF (SC0U.DE) has a volatility of 6.03%. This indicates that LBNK.DE experiences smaller price fluctuations and is considered to be less risky than SC0U.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 | SC0U.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 6.03% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 18.02% | 18.45% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.10% | 22.74% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.90% | 23.64% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.34% | 25.62% | -0.28% |
LBNK.DE vs. SC0U.DE - Expense Ratio Comparison
LBNK.DE has a 0.30% expense ratio, which is higher than SC0U.DE's 0.20% expense ratio.
Dividends
LBNK.DE vs. SC0U.DE - Dividend Comparison
Neither LBNK.DE nor SC0U.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, LBNK.DE and SC0U.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SC0U.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0U.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for LBNK.DE.
LBNK.DE tracks STOXX® Europe 600 Banks, while SC0U.DE tracks STOXX® Europe 600 Optimised Banks. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.30% for LBNK.DE and 0.20% for SC0U.DE.
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