BNKE.L vs. X7PS.L

Last updated Jul 18, 2026

BNKE.L (Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)) are both exchange-traded funds - BNKE.L is a Financials Equities fund tracking the MSCI World/Financials NR USD, while X7PS.L is a Europe Equities fund tracking the STOXX Europe 600 Optimised Banks Index (EUR). Both are passively managed. Over the past 5 years, BNKE.L returned 34.09%/yr vs 31.54%/yr for X7PS.L. With a 0.96 correlation, they move nearly in lockstep. BNKE.L charges 0.30%/yr vs 0.20%/yr for X7PS.L.

Performance

BNKE.L vs. X7PS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L) and Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BNKE.L is traded in GBP, while X7PS.L is traded in EUR. To make them comparable, the X7PS.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, BNKE.L achieves a 12.64% return, which is significantly lower than X7PS.L's 13.65% return.

BNKE.L

• 1D: -1.06%
• 1M: -1.30%
• 6M: 10.05%
• YTD: 12.64%
• 1Y: 48.84%
• 3Y*: 45.73%
• 5Y*: 34.09%
• 10Y*: —

X7PS.L

• 1D: -0.99%
• 1M: -0.04%
• 6M: 10.58%
• YTD: 13.65%
• 1Y: 47.90%
• 3Y*: 43.02%
• 5Y*: 31.54%
• 10Y*: 16.34%

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

BNKE.L vs. X7PS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BNKE.L Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc	12.64%	99.94%	25.19%	27.75%	6.76%	31.16%	-18.12%	2.42%
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)	13.65%	87.84%	27.12%	23.19%	5.63%	30.02%	-18.45%	3.08%

Correlation

The correlation between BNKE.L and X7PS.L is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019	0.96

The correlation between BNKE.L and X7PS.L has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

BNKE.L vs. X7PS.L — Risk / Return Rank

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

BNKE.L

BNKE.L Risk / Return Rank: 75
BNKE.L Sharpe Ratio Rank: 82
BNKE.L Sortino Ratio Rank: 79
BNKE.L Omega Ratio Rank: 75
BNKE.L Calmar Ratio Rank: 73
BNKE.L Martin Ratio Rank: 67

X7PS.L

X7PS.L Risk / Return Rank: 82
X7PS.L Sharpe Ratio Rank: 88
X7PS.L Sortino Ratio Rank: 85
X7PS.L Omega Ratio Rank: 83
X7PS.L Calmar Ratio Rank: 79
X7PS.L Martin Ratio Rank: 74

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.

BNKE.L vs. X7PS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L) and Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (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.

	BNKE.L	X7PS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.09	2.13	-0.05
Sortino ratio: Return per unit of downside risk	2.83	2.84	-0.01
Omega ratio: Gain probability vs. loss probability	1.35	1.35	0.00
Calmar ratio: Return relative to maximum drawdown	2.92	2.97	-0.05
Martin ratio: Return relative to average drawdown	9.41	9.92	-0.51

BNKE.L vs. X7PS.L - Sharpe Ratio Comparison

The current BNKE.L Sharpe Ratio is 2.09, which is comparable to the X7PS.L Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of BNKE.L and X7PS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BNKE.L vs. X7PS.L - Drawdown Comparison

The maximum BNKE.L drawdown since its inception was -48.52%, smaller than the maximum X7PS.L drawdown of -56.34%. Use the drawdown chart below to compare losses from any high point for BNKE.L and X7PS.L.

Drawdown Indicators

	BNKE.L	X7PS.L	Difference
Max Drawdown Largest peak-to-trough decline	-48.52%	-56.34%	+7.82%
Max Drawdown (1Y) Largest decline over 1 year	-16.66%	-16.07%	-0.59%
Max Drawdown (3Y) Largest decline over 3 years	-18.40%	-18.22%	-0.18%
Max Drawdown (5Y) Largest decline over 5 years	-34.20%	-30.73%	-3.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-56.34%	—
Current Drawdown Current decline from peak	-3.07%	-2.58%	-0.49%
Average Drawdown Average peak-to-trough decline	-10.33%	-14.49%	+4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.17%	4.81%	+0.36%

Volatility

BNKE.L vs. X7PS.L - Volatility Comparison

Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L) and Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L) have volatilities of 5.38% and 5.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNKE.L	X7PS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.38%	5.51%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	19.48%	18.93%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	23.26%	22.34%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.41%	23.77%	+1.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.38%	24.61%	+4.77%

BNKE.L vs. X7PS.L - Expense Ratio Comparison

BNKE.L has a 0.30% expense ratio, which is higher than X7PS.L's 0.20% expense ratio.

Dividends

BNKE.L vs. X7PS.L - Dividend Comparison

Neither BNKE.L nor X7PS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BNKE.L and X7PS.L in my portfolio?

With a correlation of 0.97, BNKE.L and X7PS.L 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, BNKE.L or X7PS.L?

On fees, X7PS.L 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, BNKE.L or X7PS.L?

X7PS.L is cheaper with a 0.20% expense ratio, compared with 0.30% for BNKE.L.

What is the main difference between BNKE.L and X7PS.L?

BNKE.L is categorized as Financials Equities, while X7PS.L is Europe Equities. BNKE.L tracks MSCI World/Financials NR USD, while X7PS.L tracks STOXX Europe 600 Optimised Banks Index (EUR). They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.30% for BNKE.L and 0.20% for X7PS.L.