LYBK.DE vs. DFEN.DE
LYBK.DE (Amundi Euro Stoxx Banks UCITS ETF Acc) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - LYBK.DE is a Financials Equities fund tracking the EURO STOXX® Banks, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past 3 years, LYBK.DE returned 46.48%/yr vs 37.43%/yr for DFEN.DE. At a 0.28 correlation, their price movements are largely independent. LYBK.DE charges 0.30%/yr vs 0.55%/yr for DFEN.DE.
Performance
LYBK.DE vs. DFEN.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 DFEN.DE's 3.04% return.
LYBK.DE
- 1D
- 4.37%
- 1M
- 6.21%
- YTD
- 8.18%
- 6M
- 13.13%
- 1Y
- 46.46%
- 3Y*
- 46.48%
- 5Y*
- 30.03%
- 10Y*
- 16.88%
DFEN.DE
- 1D
- 0.60%
- 1M
- 0.90%
- YTD
- 3.04%
- 6M
- 4.46%
- 1Y
- 11.89%
- 3Y*
- 37.43%
- 5Y*
- —
- 10Y*
- —
LYBK.DE vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
LYBK.DE Amundi Euro Stoxx Banks UCITS ETF Acc | 8.18% | 91.46% | 30.53% | 21.69% |
DFEN.DE VanEck Defense UCITS ETF A | 3.04% | 50.76% | 51.97% | 22.65% |
Correlation
The correlation between LYBK.DE and DFEN.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2023 | 0.28 |
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Return for Risk
LYBK.DE vs. DFEN.DE — Risk / Return Rank
LYBK.DE
DFEN.DE
LYBK.DE vs. DFEN.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 VanEck Defense UCITS ETF A (DFEN.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 | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.11 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 0.74 | +1.84 |
| Martin ratioReturn relative to average drawdown | 8.11 | 1.72 | +6.39 |
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Drawdowns
LYBK.DE vs. DFEN.DE - Drawdown Comparison
The maximum LYBK.DE drawdown since its inception was -63.98%, which is greater than DFEN.DE's maximum drawdown of -18.88%. Use the drawdown chart below to compare losses from any high point for LYBK.DE and DFEN.DE.
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Drawdown Indicators
| LYBK.DE | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.98% | -18.88% | -45.10% |
Max Drawdown (1Y)Largest decline over 1 year | -17.12% | -18.88% | +1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -19.90% | -18.88% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | -34.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -62.22% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -16.01% | +16.01% |
Average DrawdownAverage peak-to-trough decline | -20.23% | -3.25% | -16.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.47% | 8.15% | -2.68% |
Volatility
LYBK.DE vs. DFEN.DE - Volatility Comparison
The current volatility for Amundi Euro Stoxx Banks UCITS ETF Acc (LYBK.DE) is 6.94%, while VanEck Defense UCITS ETF A (DFEN.DE) has a volatility of 7.34%. This indicates that LYBK.DE experiences smaller price fluctuations and is considered to be less risky than DFEN.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 | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.94% | 7.34% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 19.63% | 19.34% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.23% | 25.01% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.51% | 21.22% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.40% | 21.22% | +7.18% |
LYBK.DE vs. DFEN.DE - Expense Ratio Comparison
LYBK.DE has a 0.30% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
LYBK.DE vs. DFEN.DE - Dividend Comparison
Neither LYBK.DE nor DFEN.DE has paid dividends to shareholders.
Frequently Asked Questions
LYBK.DE and DFEN.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYBK.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYBK.DE is cheaper with a 0.30% expense ratio, compared with 0.55% for DFEN.DE.
LYBK.DE is categorized as Financials Equities, while DFEN.DE is Aerospace & Defense. LYBK.DE tracks EURO STOXX® Banks, while DFEN.DE tracks MarketVector Global Defense Industry Index. They also come from different issuers: Amundi and VanEck. Their fees differ too: 0.30% for LYBK.DE and 0.55% for DFEN.DE.
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