LYP2.DE vs. IBCK.DE
LYP2.DE (Amundi Core S&P 500 Swap UCITS ETF EUR Hedged (Dist)) and IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) are both S&P 500 funds - LYP2.DE tracks the S&P 500 Index (EUR Hedged) while IBCK.DE tracks the S&P 500 Minimum Volatility. Both are passively managed. Over the past 10 years, LYP2.DE returned 12.62%/yr vs 9.86%/yr for IBCK.DE. A 0.67 correlation means they provide meaningful diversification when combined. LYP2.DE charges 0.07%/yr vs 0.20%/yr for IBCK.DE.
Performance
LYP2.DE vs. IBCK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LYP2.DE achieves a 7.84% return, which is significantly higher than IBCK.DE's 7.43% return. Over the past 10 years, LYP2.DE has outperformed IBCK.DE with an annualized return of 12.62%, while IBCK.DE has yielded a comparatively lower 9.86% annualized return.
LYP2.DE
- 1D
- 0.18%
- 1M
- -0.97%
- 6M
- 8.72%
- YTD
- 7.84%
- 1Y
- 17.76%
- 3Y*
- 17.85%
- 5Y*
- 10.48%
- 10Y*
- 12.62%
IBCK.DE
- 1D
- 0.32%
- 1M
- 2.18%
- 6M
- 8.69%
- YTD
- 7.43%
- 1Y
- 12.87%
- 3Y*
- 11.19%
- 5Y*
- 9.35%
- 10Y*
- 9.86%
LYP2.DE vs. IBCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LYP2.DE Amundi Core S&P 500 Swap UCITS ETF EUR Hedged (Dist) | 7.84% | 15.46% | 22.97% | 23.48% | -21.40% | 28.77% | 16.56% | 27.52% | -8.44% | 19.40% |
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 7.43% | -0.69% | 25.61% | 6.20% | -6.04% | 35.73% | -2.18% | 34.86% | -1.49% | 2.29% |
Correlation
The correlation between LYP2.DE and IBCK.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2013 | 0.67 |
The correlation between LYP2.DE and IBCK.DE shifts across timeframes, from 0.58 (3 years) to 0.69 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
LYP2.DE vs. IBCK.DE — Risk / Return Rank
LYP2.DE
IBCK.DE
LYP2.DE vs. IBCK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Core S&P 500 Swap UCITS ETF EUR Hedged (Dist) (LYP2.DE) and iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.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.
| LYP2.DE | IBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.52 | -0.48 |
| Martin ratioReturn relative to average drawdown | 8.21 | 7.80 | +0.42 |
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Drawdowns
LYP2.DE vs. IBCK.DE - Drawdown Comparison
The maximum LYP2.DE drawdown since its inception was -33.94%, roughly equal to the maximum IBCK.DE drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for LYP2.DE and IBCK.DE.
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Drawdown Indicators
| LYP2.DE | IBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.94% | -33.12% | -0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -5.08% | -3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -17.55% | -0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -17.55% | -8.33% |
Max Drawdown (10Y)Largest decline over 10 years | -33.94% | -33.12% | -0.82% |
Current DrawdownCurrent decline from peak | -1.53% | -0.20% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -6.52% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.65% | +0.51% |
Volatility
LYP2.DE vs. IBCK.DE - Volatility Comparison
Amundi Core S&P 500 Swap UCITS ETF EUR Hedged (Dist) (LYP2.DE) has a higher volatility of 4.05% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) at 2.28%. This indicates that LYP2.DE's price experiences larger fluctuations and is considered to be riskier than IBCK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LYP2.DE | IBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 2.28% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 5.74% | +3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.13% | 8.75% | +3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 12.37% | +3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 13.97% | +2.19% |
LYP2.DE vs. IBCK.DE - Expense Ratio Comparison
LYP2.DE has a 0.07% expense ratio, which is lower than IBCK.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LYP2.DE vs. IBCK.DE - Dividend Comparison
LYP2.DE's dividend yield for the trailing twelve months is around 0.92%, while IBCK.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LYP2.DE Amundi Core S&P 500 Swap UCITS ETF EUR Hedged (Dist) | 0.92% | 0.99% | 1.27% | 1.04% | 2.05% | 1.11% | 1.43% | 1.67% | 1.99% | 1.69% |
Frequently Asked Questions
LYP2.DE and IBCK.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYP2.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYP2.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for IBCK.DE.
LYP2.DE tracks S&P 500 Index (EUR Hedged), while IBCK.DE tracks S&P 500 Minimum Volatility. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.07% for LYP2.DE and 0.20% for IBCK.DE.
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