Without knowing exactly what you're doing with the YubiKey, it's impossible to provide any guidance here.
Static password is easy to back up, depending on whether you created a custom one (Personalization Tool > Static Password > Scan Code) or an advanced one (Personalization Tool > Static Password > Advanced). In either case, follow the same process as when you created the initial password (or delete the password and generate a new one, program the same password to both keys).
The link I included above also answers the question about Yubico OTP. You can't backup a Yubico OTP credential, so the service itself has to allow you to register multiple different YubiKeys.
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