0Y8Z.L vs. X7PS.L
0Y8Z.L (iShares Core MSCI EMU UCITS ETF EUR (Dist)) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF) are both Europe Equities funds - 0Y8Z.L tracks the MSCI EMU Net Index (EUR) while X7PS.L tracks the Invesco STOXX Europe 600 Optimised Banks UCITS ETF. Both are passively managed. Over the past 3 years, 0Y8Z.L returned 15.97%/yr vs 44.72%/yr for X7PS.L. At a 0.39 correlation, their price movements are largely independent. 0Y8Z.L charges 0.12%/yr vs 0.30%/yr for X7PS.L.
Performance
0Y8Z.L vs. X7PS.L - Performance Comparison
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Returns By Period
In the year-to-date period, 0Y8Z.L achieves a 11.27% return, which is significantly lower than X7PS.L's 17.93% return.
0Y8Z.L
- 1D
- -1.02%
- 1M
- -0.23%
- 6M
- 6.94%
- YTD
- 11.27%
- 1Y
- 20.28%
- 3Y*
- 15.97%
- 5Y*
- —
- 10Y*
- —
X7PS.L
- 1D
- 0.13%
- 1M
- 6.39%
- 6M
- 14.44%
- YTD
- 17.93%
- 1Y
- 53.36%
- 3Y*
- 44.72%
- 5Y*
- 32.08%
- 10Y*
- 16.30%
0Y8Z.L vs. X7PS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
0Y8Z.L iShares Core MSCI EMU UCITS ETF EUR (Dist) | 11.27% | 24.83% | 8.63% | 15.41% | 1.14% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF | 17.93% | 78.30% | 33.17% | 25.70% | 19.30% |
Correlation
The correlation between 0Y8Z.L and X7PS.L 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 | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022 | 0.39 |
The correlation between 0Y8Z.L and X7PS.L shifts across timeframes, from 0.39 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
0Y8Z.L vs. X7PS.L — Risk / Return Rank
0Y8Z.L
X7PS.L
0Y8Z.L vs. X7PS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.L) and Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L). 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.
| 0Y8Z.L | X7PS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.39 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 3.24 | -1.11 |
| Martin ratioReturn relative to average drawdown | 8.14 | 10.66 | -2.52 |
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Drawdowns
0Y8Z.L vs. X7PS.L - Drawdown Comparison
The maximum 0Y8Z.L drawdown since its inception was -14.60%, smaller than the maximum X7PS.L drawdown of -60.64%. Use the drawdown chart below to compare losses from any high point for 0Y8Z.L and X7PS.L.
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Drawdown Indicators
| 0Y8Z.L | X7PS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.60% | -60.64% | +46.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -16.49% | +6.49% |
Max Drawdown (3Y)Largest decline over 3 years | -14.60% | -20.14% | +5.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.51% | — |
Current DrawdownCurrent decline from peak | -2.77% | -0.94% | -1.83% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -17.85% | +15.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 5.02% | -2.42% |
Volatility
0Y8Z.L vs. X7PS.L - Volatility Comparison
The current volatility for iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.L) is 4.06%, while Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L) has a volatility of 5.45%. This indicates that 0Y8Z.L experiences smaller price fluctuations and is considered to be less risky than X7PS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0Y8Z.L | X7PS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 5.45% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 18.89% | -5.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 22.39% | -6.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 23.71% | -4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.99% | 24.86% | -5.87% |
0Y8Z.L vs. X7PS.L - Expense Ratio Comparison
0Y8Z.L has a 0.12% expense ratio, which is lower than X7PS.L's 0.30% expense ratio.
Dividends
0Y8Z.L vs. X7PS.L - Dividend Comparison
0Y8Z.L's dividend yield for the trailing twelve months is around 2.32%, while X7PS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
0Y8Z.L iShares Core MSCI EMU UCITS ETF EUR (Dist) | 2.32% | 2.53% | 2.41% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
0Y8Z.L and X7PS.L 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.
On fees, 0Y8Z.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0Y8Z.L is cheaper with a 0.12% expense ratio, compared with 0.30% for X7PS.L.
0Y8Z.L tracks MSCI EMU Net Index (EUR), while X7PS.L tracks Invesco STOXX Europe 600 Optimised Banks UCITS ETF. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for 0Y8Z.L and 0.30% for X7PS.L.
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