LYBK.DE vs. AYE2.DE
LYBK.DE (Amundi Euro Stoxx Banks UCITS ETF Acc) and AYE2.DE (iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc) are both exchange-traded funds - LYBK.DE is a Financials Equities fund tracking the EURO STOXX® Banks, while AYE2.DE is a European High Yield Bonds fund tracking the Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond. Both are passively managed. Over the past 5 years, LYBK.DE returned 30.03%/yr vs 2.33%/yr for AYE2.DE. At a 0.39 correlation, their price movements are largely independent. LYBK.DE charges 0.30%/yr vs 0.25%/yr for AYE2.DE.
Performance
LYBK.DE vs. AYE2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LYBK.DE achieves a 8.18% return, which is significantly higher than AYE2.DE's 0.86% return.
LYBK.DE
- 1D
- 4.37%
- 1M
- 7.27%
- YTD
- 8.18%
- 6M
- 13.13%
- 1Y
- 44.44%
- 3Y*
- 46.48%
- 5Y*
- 30.03%
- 10Y*
- 16.88%
AYE2.DE
- 1D
- 0.68%
- 1M
- 0.68%
- YTD
- 0.86%
- 6M
- 1.55%
- 1Y
- 3.88%
- 3Y*
- 6.76%
- 5Y*
- 2.33%
- 10Y*
- —
LYBK.DE vs. AYE2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LYBK.DE Amundi Euro Stoxx Banks UCITS ETF Acc | 8.18% | 91.46% | 30.53% | 30.34% | 0.78% | 18.25% |
AYE2.DE iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc | 0.86% | 5.80% | 6.36% | 10.90% | -10.69% | 0.96% |
Correlation
The correlation between LYBK.DE and AYE2.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.39 |
The correlation between LYBK.DE and AYE2.DE shifts across timeframes, from 0.28 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LYBK.DE vs. AYE2.DE — Risk / Return Rank
LYBK.DE
AYE2.DE
LYBK.DE vs. AYE2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Euro Stoxx Banks UCITS ETF Acc (LYBK.DE) and iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.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.
| LYBK.DE | AYE2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.13 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 1.04 | +1.55 |
| Martin ratioReturn relative to average drawdown | 8.11 | 4.24 | +3.87 |
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Drawdowns
LYBK.DE vs. AYE2.DE - Drawdown Comparison
The maximum LYBK.DE drawdown since its inception was -63.98%, which is greater than AYE2.DE's maximum drawdown of -16.48%. Use the drawdown chart below to compare losses from any high point for LYBK.DE and AYE2.DE.
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Drawdown Indicators
| LYBK.DE | AYE2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.98% | -16.48% | -47.50% |
Max Drawdown (1Y)Largest decline over 1 year | -17.12% | -3.73% | -13.39% |
Max Drawdown (3Y)Largest decline over 3 years | -19.90% | -3.73% | -16.17% |
Max Drawdown (5Y)Largest decline over 5 years | -34.32% | -16.48% | -17.84% |
Max Drawdown (10Y)Largest decline over 10 years | -62.22% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.17% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -20.23% | -3.93% | -16.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.47% | 0.91% | +4.56% |
Volatility
LYBK.DE vs. AYE2.DE - Volatility Comparison
Amundi Euro Stoxx Banks UCITS ETF Acc (LYBK.DE) has a higher volatility of 6.94% compared to iShares EUR High Yield Corporate Bond ESG UCITS ETF EUR Acc (AYE2.DE) at 1.44%. This indicates that LYBK.DE's price experiences larger fluctuations and is considered to be riskier than AYE2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LYBK.DE | AYE2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 1.44% | +5.50% |
Volatility (6M)Calculated over the trailing 6-month period | 19.63% | 4.52% | +15.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.23% | 5.67% | +18.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.51% | 5.78% | +19.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.40% | 5.69% | +22.71% |
LYBK.DE vs. AYE2.DE - Expense Ratio Comparison
LYBK.DE has a 0.30% expense ratio, which is higher than AYE2.DE's 0.25% expense ratio.
Dividends
LYBK.DE vs. AYE2.DE - Dividend Comparison
Neither LYBK.DE nor AYE2.DE has paid dividends to shareholders.
Frequently Asked Questions
LYBK.DE and AYE2.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AYE2.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AYE2.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for LYBK.DE.
LYBK.DE is categorized as Financials Equities, while AYE2.DE is European High Yield Bonds. LYBK.DE tracks EURO STOXX® Banks, while AYE2.DE tracks Bloomberg MSCI Euro Corporate High Yield Sustainable BB+ SRI Bond. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.30% for LYBK.DE and 0.25% for AYE2.DE.
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