SPYL.DE vs. LBNK.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and LBNK.DE (Lyxor STOXX Europe 600 Banks UCITS ETF Acc) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while LBNK.DE is a Financials Equities fund tracking the STOXX® Europe 600 Banks. Both are passively managed. Over the past year, SPYL.DE returned 26.53% vs 46.16% for LBNK.DE. At a 0.36 correlation, their price movements are largely independent. SPYL.DE charges 0.03%/yr vs 0.30%/yr for LBNK.DE.
Performance
SPYL.DE vs. LBNK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYL.DE achieves a 11.37% return, which is significantly higher than LBNK.DE's 9.83% return.
SPYL.DE
- 1D
- -0.15%
- 1M
- 1.37%
- YTD
- 11.37%
- 6M
- 12.66%
- 1Y
- 26.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LBNK.DE
- 1D
- 4.14%
- 1M
- 5.56%
- YTD
- 9.83%
- 6M
- 15.82%
- 1Y
- 46.16%
- 3Y*
- 42.46%
- 5Y*
- 28.51%
- 10Y*
- 15.57%
SPYL.DE vs. LBNK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
LBNK.DE Lyxor STOXX Europe 600 Banks UCITS ETF Acc | 9.83% | 76.66% | 32.64% | 11.56% |
Correlation
The correlation between SPYL.DE and LBNK.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.36 |
The correlation between SPYL.DE and LBNK.DE shifts across timeframes, from 0.36 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPYL.DE vs. LBNK.DE — Risk / Return Rank
SPYL.DE
LBNK.DE
SPYL.DE vs. LBNK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
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.
| SPYL.DE | LBNK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.33 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 2.79 | +0.79 |
| Martin ratioReturn relative to average drawdown | 12.72 | 9.55 | +3.17 |
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Drawdowns
SPYL.DE vs. LBNK.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum LBNK.DE drawdown of -78.45%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and LBNK.DE.
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Drawdown Indicators
| SPYL.DE | LBNK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -78.45% | +55.18% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -15.83% | +8.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.27% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.09% | — |
Current DrawdownCurrent decline from peak | -0.46% | 0.00% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -48.27% | +45.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 4.64% | -2.63% |
Volatility
SPYL.DE vs. LBNK.DE - Volatility Comparison
The current volatility for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) is 2.66%, while Lyxor STOXX Europe 600 Banks UCITS ETF Acc (LBNK.DE) has a volatility of 6.60%. This indicates that SPYL.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.
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Volatility by Period
| SPYL.DE | LBNK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 6.60% | -3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 18.53% | -10.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 22.48% | -10.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 22.95% | -8.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 24.95% | -10.35% |
SPYL.DE vs. LBNK.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than LBNK.DE's 0.30% expense ratio.
Dividends
SPYL.DE vs. LBNK.DE - Dividend Comparison
Neither SPYL.DE nor LBNK.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYL.DE and LBNK.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.30% for LBNK.DE.
SPYL.DE is categorized as S&P 500, while LBNK.DE is Financials Equities. SPYL.DE tracks S&P 500 Index, while LBNK.DE tracks STOXX® Europe 600 Banks. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.03% for SPYL.DE and 0.30% for LBNK.DE.
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