LLOY.L vs. VUKE.L

Last updated Jun 4, 2026

LLOY.L (Lloyds Banking Group plc) is a stock, while VUKE.L (Vanguard FTSE 100 UCITS ETF Distributing) is Europe Equities fund tracking the FTSE AllSh TR GBP. Over the past 10 years, LLOY.L returned 8.57%/yr vs 9.13%/yr for VUKE.L. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

LLOY.L vs. VUKE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lloyds Banking Group plc (LLOY.L) and Vanguard FTSE 100 UCITS ETF Distributing (VUKE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LLOY.L is traded in GBp, while VUKE.L is traded in GBP. To make them comparable, the VUKE.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, LLOY.L achieves a 3.13% return, which is significantly lower than VUKE.L's 5.12% return. Over the past 10 years, LLOY.L has underperformed VUKE.L with an annualized return of 8.57%, while VUKE.L has yielded a comparatively higher 9.13% annualized return.

LLOY.L

• 1D: -1.20%
• 1M: 0.67%
• YTD: 3.13%
• 6M: 5.58%
• 1Y: 33.57%
• 3Y*: 36.13%
• 5Y*: 20.82%
• 10Y*: 8.57%

VUKE.L

• 1D: -0.41%
• 1M: 0.01%
• YTD: 5.12%
• 6M: 7.81%
• 1Y: 20.81%
• 3Y*: 14.59%
• 5Y*: 11.65%
• 10Y*: 9.13%

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

LLOY.L vs. VUKE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LLOY.L Lloyds Banking Group plc	3.13%	88.33%	21.09%	10.91%	-0.38%	34.81%	-36.92%	27.49%	-20.02%	11.38%
VUKE.L Vanguard FTSE 100 UCITS ETF Distributing	5.12%	26.19%	9.55%	7.05%	5.29%	17.69%	-11.61%	17.49%	-8.79%	11.87%

Correlation

The correlation between LLOY.L and VUKE.L is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since May 24, 2012	0.56

The correlation between LLOY.L and VUKE.L shifts across timeframes, from 0.54 (10 years) to 0.67 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LLOY.L vs. VUKE.L — Risk / Return Rank

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

LLOY.L

LLOY.L Risk / Return Rank: 73
LLOY.L Sharpe Ratio Rank: 76
LLOY.L Sortino Ratio Rank: 72
LLOY.L Omega Ratio Rank: 70
LLOY.L Calmar Ratio Rank: 71
LLOY.L Martin Ratio Rank: 75

VUKE.L

VUKE.L Risk / Return Rank: 53
VUKE.L Sharpe Ratio Rank: 56
VUKE.L Sortino Ratio Rank: 56
VUKE.L Omega Ratio Rank: 59
VUKE.L Calmar Ratio Rank: 47
VUKE.L Martin Ratio Rank: 47

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.

LLOY.L vs. VUKE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lloyds Banking Group plc (LLOY.L) and Vanguard FTSE 100 UCITS ETF Distributing (VUKE.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.

	LLOY.L	VUKE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.22	1.93	-0.71
Sortino ratio: Return per unit of downside risk	1.87	2.72	-0.85
Omega ratio: Gain probability vs. loss probability	1.23	1.37	-0.14
Calmar ratio: Return relative to maximum drawdown	1.70	2.38	-0.68
Martin ratio: Return relative to average drawdown	4.83	7.91	-3.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LLOY.L vs. VUKE.L - Sharpe Ratio Comparison

The current LLOY.L Sharpe Ratio is 1.22, which is lower than the VUKE.L Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of LLOY.L and VUKE.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

	LLOY.L	VUKE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	1.93	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.92	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.61	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.58	-0.40

Drawdowns

LLOY.L vs. VUKE.L - Drawdown Comparison

The maximum LLOY.L drawdown since its inception was -91.05%, which is greater than VUKE.L's maximum drawdown of -34.27%. Use the drawdown chart below to compare losses from any high point for LLOY.L and VUKE.L.

Drawdown Indicators

	LLOY.L	VUKE.L	Difference
Max Drawdown Largest peak-to-trough decline	-91.05%	-34.27%	-56.78%
Max Drawdown (1Y) Largest decline over 1 year	-19.68%	-8.71%	-10.97%
Max Drawdown (3Y) Largest decline over 3 years	-19.68%	-12.83%	-6.85%
Max Drawdown (5Y) Largest decline over 5 years	-25.65%	-12.83%	-12.82%
Max Drawdown (10Y) Largest decline over 10 years	-61.42%	-34.27%	-27.15%
Current Drawdown Current decline from peak	-26.77%	-4.50%	-22.27%
Average Drawdown Average peak-to-trough decline	-43.62%	-4.27%	-39.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.93%	2.62%	+4.31%

Volatility

LLOY.L vs. VUKE.L - Volatility Comparison

Lloyds Banking Group plc (LLOY.L) has a higher volatility of 10.09% compared to Vanguard FTSE 100 UCITS ETF Distributing (VUKE.L) at 4.13%. This indicates that LLOY.L's price experiences larger fluctuations and is considered to be riskier than VUKE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LLOY.L	VUKE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.09%	4.13%	+5.96%
Volatility (6M) Calculated over the trailing 6-month period	20.90%	9.31%	+11.59%
Volatility (1Y) Calculated over the trailing 1-year period	27.44%	10.72%	+16.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.14%	12.65%	+14.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.76%	15.02%	+15.74%

Dividends

LLOY.L vs. VUKE.L - Dividend Comparison

LLOY.L's dividend yield for the trailing twelve months is around 3.69%, more than VUKE.L's 3.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LLOY.L Lloyds Banking Group plc	3.69%	3.39%	5.29%	5.28%	4.69%	2.59%	6.17%	5.22%	6.02%	2.20%	2.16%	2.05%
VUKE.L Vanguard FTSE 100 UCITS ETF Distributing	3.01%	3.12%	3.74%	3.82%	3.94%	3.90%	3.02%	4.65%	4.64%	3.99%	3.75%	4.25%

Frequently Asked Questions

Can I hold both LLOY.L and VUKE.L in my portfolio?

LLOY.L and VUKE.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.