SPYZ.DE vs. LBNK.DE

Last updated Jun 5, 2026

SPYZ.DE (SPDR MSCI Europe Financials UCITS ETF) and LBNK.DE (Lyxor STOXX Europe 600 Banks UCITS ETF Acc) are both Financials Equities funds - SPYZ.DE tracks the MSCI Europe Financials 20/35 Capped while LBNK.DE tracks the STOXX® Europe 600 Banks. Both are passively managed. Over the past 10 years, SPYZ.DE returned 12.24%/yr vs 14.15%/yr for LBNK.DE. Their correlation of 0.92 suggests significant overlap in exposure. SPYZ.DE charges 0.18%/yr vs 0.30%/yr for LBNK.DE.

Performance

SPYZ.DE vs. LBNK.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI Europe Financials UCITS ETF (SPYZ.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, SPYZ.DE achieves a 3.30% return, which is significantly lower than LBNK.DE's 7.56% return. Over the past 10 years, SPYZ.DE has underperformed LBNK.DE with an annualized return of 12.24%, while LBNK.DE has yielded a comparatively higher 14.15% annualized return.

SPYZ.DE

• 1D: 0.55%
• 1M: 0.34%
• YTD: 3.30%
• 6M: 10.26%
• 1Y: 21.73%
• 3Y*: 28.74%
• 5Y*: 19.38%
• 10Y*: 12.24%

LBNK.DE

• 1D: 0.67%
• 1M: 2.51%
• YTD: 7.56%
• 6M: 15.54%
• 1Y: 40.00%
• 3Y*: 42.34%
• 5Y*: 27.76%
• 10Y*: 14.15%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPYZ.DE SPDR MSCI Europe Financials UCITS ETF	3.30%	48.26%	25.23%	21.51%	-2.51%	28.19%	-15.32%	24.02%	-19.59%	12.30%
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 SPYZ.DE and LBNK.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since May 14, 2013	0.92

The correlation between SPYZ.DE and LBNK.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

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

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

SPYZ.DE

SPYZ.DE Risk / Return Rank: 36
SPYZ.DE Sharpe Ratio Rank: 36
SPYZ.DE Sortino Ratio Rank: 36
SPYZ.DE Omega Ratio Rank: 34
SPYZ.DE Calmar Ratio Rank: 37
SPYZ.DE Martin Ratio Rank: 40

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.

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

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Financials UCITS ETF (SPYZ.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.

	SPYZ.DE	LBNK.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.86	-0.60
Sortino ratio: Return per unit of downside risk	1.83	2.58	-0.75
Omega ratio: Gain probability vs. loss probability	1.22	1.31	-0.09
Calmar ratio: Return relative to maximum drawdown	1.82	2.60	-0.78
Martin ratio: Return relative to average drawdown	6.13	8.86	-2.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current SPYZ.DE Sharpe Ratio is 1.26, which is lower than the LBNK.DE Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of SPYZ.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

	SPYZ.DE	LBNK.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	1.86	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.02	1.20	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.57	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.06	+0.41

Drawdowns

SPYZ.DE vs. LBNK.DE - Drawdown Comparison

The maximum SPYZ.DE drawdown since its inception was -45.16%, smaller than the maximum LBNK.DE drawdown of -81.84%. Use the drawdown chart below to compare losses from any high point for SPYZ.DE and LBNK.DE.

Drawdown Indicators

	SPYZ.DE	LBNK.DE	Difference
Max Drawdown Largest peak-to-trough decline	-45.16%	-81.84%	+36.68%
Max Drawdown (1Y) Largest decline over 1 year	-12.28%	-15.83%	+3.55%
Max Drawdown (3Y) Largest decline over 3 years	-16.91%	-20.26%	+3.35%
Max Drawdown (5Y) Largest decline over 5 years	-23.17%	-27.82%	+4.65%
Max Drawdown (10Y) Largest decline over 10 years	-45.16%	-56.08%	+10.92%
Current Drawdown Current decline from peak	-2.74%	-1.13%	-1.61%
Average Drawdown Average peak-to-trough decline	-9.57%	-53.20%	+43.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.65%	4.65%	-1.00%

Volatility

SPYZ.DE vs. LBNK.DE - Volatility Comparison

The current volatility for SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) is 5.19%, while Lyxor STOXX Europe 600 Banks UCITS ETF Acc (LBNK.DE) has a volatility of 5.68%. This indicates that SPYZ.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

	SPYZ.DE	LBNK.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	5.68%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	14.37%	18.02%	-3.65%
Volatility (1Y) Calculated over the trailing 1-year period	17.69%	22.10%	-4.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.75%	22.90%	-4.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.28%	25.34%	-4.06%

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

SPYZ.DE has a 0.18% expense ratio, which is lower than LBNK.DE's 0.30% expense ratio.

Dividends

SPYZ.DE vs. LBNK.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.96, SPYZ.DE and LBNK.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

On fees, SPYZ.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

SPYZ.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for LBNK.DE.

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

SPYZ.DE tracks MSCI Europe Financials 20/35 Capped, while LBNK.DE tracks STOXX® Europe 600 Banks. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.18% for SPYZ.DE and 0.30% for LBNK.DE.