CB5.L vs. X7PS.L
CB5.L (Amundi ETF MSCI Europe Banks UCITS ETF) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)) are both exchange-traded funds - CB5.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 10 years, CB5.L returned 1.08%/yr vs 16.34%/yr for X7PS.L. Their correlation of 0.93 suggests significant overlap in exposure. CB5.L charges 0.25%/yr vs 0.20%/yr for X7PS.L.
Performance
CB5.L vs. X7PS.L - Performance Comparison
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Different Trading Currencies
CB5.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, CB5.L achieves a 14.99% return, which is significantly higher than X7PS.L's 13.65% return. Over the past 10 years, CB5.L has underperformed X7PS.L with an annualized return of 1.08%, while X7PS.L has yielded a comparatively higher 16.34% annualized return.
CB5.L
- 1D
- -0.80%
- 1M
- 0.39%
- 6M
- 11.87%
- YTD
- 14.99%
- 1Y
- 49.50%
- 3Y*
- -10.90%
- 5Y*
- -0.34%
- 10Y*
- 1.08%
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%
CB5.L vs. X7PS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CB5.L Amundi ETF MSCI Europe Banks UCITS ETF | 14.99% | 83.67% | -68.70% | 23.38% | 7.76% | 29.31% | -24.34% | 8.10% | -23.58% | 17.41% |
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% | 7.52% | -25.50% | 16.45% |
Correlation
The correlation between CB5.L and X7PS.L is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2011 | 0.93 |
The correlation between CB5.L and X7PS.L has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.
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Return for Risk
CB5.L vs. X7PS.L — Risk / Return Rank
CB5.L
X7PS.L
CB5.L vs. X7PS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI Europe Banks UCITS ETF (CB5.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.
| CB5.L | X7PS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 2.97 | +0.26 |
| Martin ratioReturn relative to average drawdown | 11.20 | 9.92 | +1.28 |
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Drawdowns
CB5.L vs. X7PS.L - Drawdown Comparison
The maximum CB5.L drawdown since its inception was -77.77%, which is greater than X7PS.L's maximum drawdown of -56.34%. Use the drawdown chart below to compare losses from any high point for CB5.L and X7PS.L.
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Drawdown Indicators
| CB5.L | X7PS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.77% | -56.34% | -21.43% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -16.07% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -77.77% | -18.22% | -59.55% |
Max Drawdown (5Y)Largest decline over 5 years | -77.77% | -30.73% | -47.04% |
Max Drawdown (10Y)Largest decline over 10 years | -77.77% | -56.34% | -21.43% |
Current DrawdownCurrent decline from peak | -46.44% | -2.58% | -43.86% |
Average DrawdownAverage peak-to-trough decline | -29.56% | -14.49% | -15.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 4.81% | -0.40% |
Volatility
CB5.L vs. X7PS.L - Volatility Comparison
Amundi ETF MSCI Europe Banks UCITS ETF (CB5.L) and Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L) have volatilities of 5.36% 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.
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Volatility by Period
| CB5.L | X7PS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 5.51% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 18.66% | 18.93% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.85% | 22.34% | -0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.41% | 23.77% | +17.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.01% | 24.61% | +9.40% |
CB5.L vs. X7PS.L - Expense Ratio Comparison
CB5.L has a 0.25% expense ratio, which is higher than X7PS.L's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CB5.L vs. X7PS.L - Dividend Comparison
Neither CB5.L nor X7PS.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, CB5.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.
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.
X7PS.L is cheaper with a 0.20% expense ratio, compared with 0.25% for CB5.L.
CB5.L is categorized as Financials Equities, while X7PS.L is Europe Equities. CB5.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: 0.25% for CB5.L and 0.20% for X7PS.L.
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