SC02.DE vs. LBNK.DE

Last updated Jun 5, 2026

SC02.DE (Invesco European Financials Sector UCITS ETF) and LBNK.DE (Lyxor STOXX Europe 600 Banks UCITS ETF Acc) are both Financials Equities funds - SC02.DE tracks the STOXX® Europe 600 Optimised Financial Services while LBNK.DE tracks the STOXX® Europe 600 Banks. Both are passively managed. Over the past 10 years, SC02.DE returned 10.49%/yr vs 14.15%/yr for LBNK.DE. A 0.65 correlation means they provide meaningful diversification when combined. SC02.DE charges 0.20%/yr vs 0.30%/yr for LBNK.DE.

Performance

SC02.DE vs. LBNK.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco European Financials Sector UCITS ETF (SC02.DE) and Lyxor STOXX Europe 600 Banks UCITS ETF Acc (LBNK.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SC02.DE achieves a 1.67% return, which is significantly lower than LBNK.DE's 7.56% return. Over the past 10 years, SC02.DE has underperformed LBNK.DE with an annualized return of 10.49%, while LBNK.DE has yielded a comparatively higher 14.15% annualized return.

SC02.DE

• 1D: 1.84%
• 1M: 0.07%
• YTD: 1.67%
• 6M: 8.51%
• 1Y: 3.83%
• 3Y*: 16.32%
• 5Y*: 8.30%
• 10Y*: 10.49%

LBNK.DE

• 1D: 0.67%
• 1M: 6.42%
• YTD: 7.56%
• 6M: 14.67%
• 1Y: 41.34%
• 3Y*: 42.34%
• 5Y*: 27.76%
• 10Y*: 14.15%

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

SC02.DE vs. LBNK.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SC02.DE Invesco European Financials Sector UCITS ETF	1.67%	9.93%	19.25%	27.60%	-20.74%	24.60%	6.09%	46.54%	-14.49%	18.89%
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%

Correlation

The correlation between SC02.DE and LBNK.DE is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Aug 25, 2009	0.65

The correlation between SC02.DE and LBNK.DE has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.

Return for Risk

SC02.DE vs. LBNK.DE — Risk / Return Rank

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

SC02.DE

SC02.DE Risk / Return Rank: 13
SC02.DE Sharpe Ratio Rank: 13
SC02.DE Sortino Ratio Rank: 12
SC02.DE Omega Ratio Rank: 12
SC02.DE Calmar Ratio Rank: 13
SC02.DE Martin Ratio Rank: 13

LBNK.DE

LBNK.DE Risk / Return Rank: 53
LBNK.DE Sharpe Ratio Rank: 55
LBNK.DE Sortino Ratio Rank: 55
LBNK.DE Omega Ratio Rank: 50
LBNK.DE Calmar Ratio Rank: 53
LBNK.DE Martin Ratio Rank: 53

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.

SC02.DE vs. LBNK.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco European Financials Sector UCITS ETF (SC02.DE) and Lyxor STOXX Europe 600 Banks UCITS ETF Acc (LBNK.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.

	SC02.DE	LBNK.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.24	1.86	-1.62
Sortino ratio: Return per unit of downside risk	0.45	2.58	-2.13
Omega ratio: Gain probability vs. loss probability	1.05	1.31	-0.26
Calmar ratio: Return relative to maximum drawdown	0.31	2.60	-2.28
Martin ratio: Return relative to average drawdown	0.86	8.86	-8.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SC02.DE vs. LBNK.DE - Sharpe Ratio Comparison

The current SC02.DE Sharpe Ratio is 0.24, which is lower than the LBNK.DE Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of SC02.DE and LBNK.DE, 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

	SC02.DE	LBNK.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	1.86	-1.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	1.20	-0.77
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.57	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.06	+0.49

Drawdowns

SC02.DE vs. LBNK.DE - Drawdown Comparison

The maximum SC02.DE drawdown since its inception was -42.86%, smaller than the maximum LBNK.DE drawdown of -81.84%. Use the drawdown chart below to compare losses from any high point for SC02.DE and LBNK.DE.

Drawdown Indicators

	SC02.DE	LBNK.DE	Difference
Max Drawdown Largest peak-to-trough decline	-42.86%	-81.84%	+38.98%
Max Drawdown (1Y) Largest decline over 1 year	-12.17%	-15.83%	+3.66%
Max Drawdown (3Y) Largest decline over 3 years	-19.17%	-20.26%	+1.09%
Max Drawdown (5Y) Largest decline over 5 years	-29.68%	-27.82%	-1.86%
Max Drawdown (10Y) Largest decline over 10 years	-42.86%	-56.08%	+13.22%
Current Drawdown Current decline from peak	-3.42%	-1.13%	-2.29%
Average Drawdown Average peak-to-trough decline	-8.06%	-53.20%	+45.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	4.65%	-0.19%

Volatility

SC02.DE vs. LBNK.DE - Volatility Comparison

The current volatility for Invesco European Financials Sector UCITS ETF (SC02.DE) is 4.93%, while Lyxor STOXX Europe 600 Banks UCITS ETF Acc (LBNK.DE) has a volatility of 5.68%. This indicates that SC02.DE experiences smaller price fluctuations and is considered to be less risky than LBNK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SC02.DE	LBNK.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	5.68%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	12.72%	18.02%	-5.30%
Volatility (1Y) Calculated over the trailing 1-year period	15.92%	22.10%	-6.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.08%	22.90%	-3.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.65%	25.34%	-4.69%

SC02.DE vs. LBNK.DE - Expense Ratio Comparison

SC02.DE has a 0.20% expense ratio, which is lower than LBNK.DE's 0.30% expense ratio.

Dividends

SC02.DE vs. LBNK.DE - Dividend Comparison

Neither SC02.DE nor LBNK.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SC02.DE and LBNK.DE in my portfolio?

SC02.DE and LBNK.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SC02.DE or LBNK.DE?

On fees, SC02.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SC02.DE or LBNK.DE?

SC02.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for LBNK.DE.

What is the main difference between SC02.DE and LBNK.DE?

SC02.DE tracks STOXX® Europe 600 Optimised Financial Services, while LBNK.DE tracks STOXX® Europe 600 Banks. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.20% for SC02.DE and 0.30% for LBNK.DE.