CSX5.L vs. X7PS.L
CSX5.L (iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)) are both Europe Equities funds - CSX5.L tracks the MSCI EMU NR EUR while X7PS.L tracks the STOXX Europe 600 Optimised Banks Index (EUR). Both are passively managed. Over the past 10 years, CSX5.L returned 10.96%/yr vs 16.22%/yr for X7PS.L. A 0.77 correlation means they provide meaningful diversification when combined. CSX5.L charges 0.10%/yr vs 0.20%/yr for X7PS.L.
Performance
CSX5.L vs. X7PS.L - Performance Comparison
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Returns By Period
In the year-to-date period, CSX5.L achieves a 9.88% return, which is significantly lower than X7PS.L's 16.55% return. Over the past 10 years, CSX5.L has underperformed X7PS.L with an annualized return of 10.96%, while X7PS.L has yielded a comparatively higher 16.22% annualized return.
CSX5.L
- 1D
- -0.90%
- 1M
- -1.04%
- 6M
- 5.43%
- YTD
- 9.88%
- 1Y
- 18.88%
- 3Y*
- 15.71%
- 5Y*
- 12.33%
- 10Y*
- 10.96%
X7PS.L
- 1D
- -1.11%
- 1M
- 1.77%
- 6M
- 12.78%
- YTD
- 16.55%
- 1Y
- 50.38%
- 3Y*
- 43.64%
- 5Y*
- 31.77%
- 10Y*
- 16.22%
CSX5.L vs. X7PS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSX5.L iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc | 9.88% | 21.71% | 11.38% | 22.29% | -8.36% | 23.37% | -2.27% | 28.04% | -11.52% | 10.61% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) | 16.55% | 78.30% | 33.17% | 25.70% | 0.44% | 38.22% | -22.81% | 13.99% | -26.23% | 11.67% |
Correlation
The correlation between CSX5.L and X7PS.L is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2011 | 0.77 |
The correlation between CSX5.L and X7PS.L has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.
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Return for Risk
CSX5.L vs. X7PS.L — Risk / Return Rank
CSX5.L
X7PS.L
CSX5.L vs. X7PS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc (CSX5.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.
| CSX5.L | X7PS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 3.04 | -1.31 |
| Martin ratioReturn relative to average drawdown | 6.05 | 10.00 | -3.95 |
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Drawdowns
CSX5.L vs. X7PS.L - Drawdown Comparison
The maximum CSX5.L drawdown since its inception was -37.87%, smaller than the maximum X7PS.L drawdown of -60.64%. Use the drawdown chart below to compare losses from any high point for CSX5.L and X7PS.L.
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Drawdown Indicators
| CSX5.L | X7PS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.87% | -60.64% | +22.77% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -16.49% | +5.62% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -20.14% | +3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -23.61% | -29.70% | +6.09% |
Max Drawdown (10Y)Largest decline over 10 years | -37.87% | -56.51% | +18.64% |
Current DrawdownCurrent decline from peak | -2.79% | -2.10% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -17.84% | +10.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 5.02% | -1.90% |
Volatility
CSX5.L vs. X7PS.L - Volatility Comparison
The current volatility for iShares VII plc - iShares Core EURO STOXX 50 ETF EUR Acc (CSX5.L) is 4.09%, while Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L) has a volatility of 5.59%. This indicates that CSX5.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
| CSX5.L | X7PS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 5.59% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 18.93% | -5.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.74% | 22.42% | -6.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 23.71% | -6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 24.86% | -7.02% |
CSX5.L vs. X7PS.L - Expense Ratio Comparison
CSX5.L has a 0.10% expense ratio, which is lower than X7PS.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CSX5.L vs. X7PS.L - Dividend Comparison
Neither CSX5.L nor X7PS.L has paid dividends to shareholders.
Frequently Asked Questions
CSX5.L and X7PS.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSX5.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSX5.L is cheaper with a 0.10% expense ratio, compared with 0.20% for X7PS.L.
CSX5.L tracks MSCI EMU NR EUR, while X7PS.L tracks STOXX Europe 600 Optimised Banks Index (EUR). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.10% for CSX5.L and 0.20% for X7PS.L.
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