Correlation
The correlation between ESIF.L and X7PP.L is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
ESIF.L vs. X7PP.L
Compare and contrast key facts about iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L) and Invesco European Banks Sector UCITS ETF (X7PP.L).
ESIF.L and X7PP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ESIF.L is a passively managed fund by iShares that tracks the performance of the MSCI World/Financials NR USD. It was launched on Nov 18, 2020. X7PP.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Financials NR USD. It was launched on Jul 7, 2009. Both ESIF.L and X7PP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ESIF.L or X7PP.L.
Performance
ESIF.L vs. X7PP.L - Performance Comparison
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Key characteristics
ESIF.L:
1.84
X7PP.L:
1.74
ESIF.L:
2.34
X7PP.L:
2.25
ESIF.L:
1.34
X7PP.L:
1.33
ESIF.L:
2.19
X7PP.L:
2.23
ESIF.L:
11.11
X7PP.L:
10.06
ESIF.L:
2.82%
X7PP.L:
4.02%
ESIF.L:
17.09%
X7PP.L:
23.03%
ESIF.L:
-23.55%
X7PP.L:
-56.28%
ESIF.L:
-2.20%
X7PP.L:
-2.62%
Returns By Period
In the year-to-date period, ESIF.L achieves a 25.01% return, which is significantly lower than X7PP.L's 36.62% return.
ESIF.L
25.01%
5.06%
27.59%
31.29%
24.11%
N/A
N/A
X7PP.L
36.62%
8.54%
42.14%
40.42%
33.20%
31.13%
7.88%
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ESIF.L vs. X7PP.L - Expense Ratio Comparison
ESIF.L has a 0.18% expense ratio, which is lower than X7PP.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%.
Risk-Adjusted Performance
ESIF.L vs. X7PP.L — Risk-Adjusted Performance Rank
ESIF.L
X7PP.L
ESIF.L vs. X7PP.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L) and Invesco European Banks Sector UCITS ETF (X7PP.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.
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Dividends
ESIF.L vs. X7PP.L - Dividend Comparison
Neither ESIF.L nor X7PP.L has paid dividends to shareholders.
Drawdowns
ESIF.L vs. X7PP.L - Drawdown Comparison
The maximum ESIF.L drawdown since its inception was -23.55%, smaller than the maximum X7PP.L drawdown of -56.28%. Use the drawdown chart below to compare losses from any high point for ESIF.L and X7PP.L.
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Volatility
ESIF.L vs. X7PP.L - Volatility Comparison
The current volatility for iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L) is 3.06%, while Invesco European Banks Sector UCITS ETF (X7PP.L) has a volatility of 4.79%. This indicates that ESIF.L experiences smaller price fluctuations and is considered to be less risky than X7PP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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