ESIF.L vs. X7PS.L
ESIF.L (iShares MSCI Europe Financials Sector UCITS ETF) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)) are both exchange-traded funds - ESIF.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, ESIF.L returned 22.74%/yr vs 31.54%/yr for X7PS.L. Their correlation of 0.92 suggests significant overlap in exposure. ESIF.L charges 0.18%/yr vs 0.20%/yr for X7PS.L.
Performance
ESIF.L vs. X7PS.L - Performance Comparison
Loading charts...
Different Trading Currencies
ESIF.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, ESIF.L achieves a 11.65% return, which is significantly lower than X7PS.L's 13.65% return.
ESIF.L
- 1D
- -0.42%
- 1M
- 1.94%
- 6M
- 10.44%
- YTD
- 11.65%
- 1Y
- 32.52%
- 3Y*
- 31.54%
- 5Y*
- 22.74%
- 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%
ESIF.L vs. X7PS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESIF.L iShares MSCI Europe Financials Sector UCITS ETF | 11.65% | 54.50% | 20.18% | 18.73% | 3.59% | 20.48% | -8.68% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) | 13.65% | 87.84% | 27.12% | 23.19% | 5.63% | 30.02% | 2.49% |
Correlation
The correlation between ESIF.L and X7PS.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020 | 0.92 |
The correlation between ESIF.L and X7PS.L has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ESIF.L vs. X7PS.L — Risk / Return Rank
ESIF.L
X7PS.L
ESIF.L vs. X7PS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials Sector UCITS ETF (ESIF.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.
| ESIF.L | X7PS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.97 | -0.20 |
| Martin ratioReturn relative to average drawdown | 9.61 | 9.92 | -0.31 |
Loading charts...
Drawdowns
ESIF.L vs. X7PS.L - Drawdown Comparison
The maximum ESIF.L drawdown since its inception was -23.55%, smaller than the maximum X7PS.L drawdown of -56.34%. Use the drawdown chart below to compare losses from any high point for ESIF.L and X7PS.L.
Loading charts...
Drawdown Indicators
| ESIF.L | X7PS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.55% | -56.34% | +32.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.72% | -16.07% | +4.35% |
Max Drawdown (3Y)Largest decline over 3 years | -14.30% | -18.22% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -30.73% | +7.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.34% | — |
Current DrawdownCurrent decline from peak | -0.98% | -2.58% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -14.49% | +9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 4.81% | -1.43% |
Volatility
ESIF.L vs. X7PS.L - Volatility Comparison
The current volatility for iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L) is 4.03%, while Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L) has a volatility of 5.51%. This indicates that ESIF.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.
Loading charts...
Volatility by Period
| ESIF.L | X7PS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 5.51% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 18.93% | -4.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.31% | 22.34% | -5.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.07% | 23.77% | -3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.19% | 24.61% | -4.42% |
ESIF.L vs. X7PS.L - Expense Ratio Comparison
ESIF.L has a 0.18% 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
ESIF.L vs. X7PS.L - Dividend Comparison
Neither ESIF.L nor X7PS.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, ESIF.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, ESIF.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIF.L is cheaper with a 0.18% expense ratio, compared with 0.20% for X7PS.L.
ESIF.L is categorized as Financials Equities, while X7PS.L is Europe Equities. ESIF.L tracks MSCI World/Financials NR USD, while X7PS.L tracks STOXX Europe 600 Optimised Banks Index (EUR). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for ESIF.L and 0.20% for X7PS.L.
Find the right allocation for ESIF.L and X7PS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer