EUDI.L vs. X7PS.L

Last updated Jul 21, 2026

EUDI.L (SPDR® S&P Euro Dividend Aristocrats UCITS ETF) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)) are both Europe Equities funds - EUDI.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, EUDI.L returned 7.32%/yr vs 16.09%/yr for X7PS.L. A 0.69 correlation means they provide meaningful diversification when combined. EUDI.L charges 0.30%/yr vs 0.20%/yr for X7PS.L.

Performance

EUDI.L vs. X7PS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDI.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.

Returns By Period

In the year-to-date period, EUDI.L achieves a 10.10% return, which is significantly lower than X7PS.L's 16.77% return. Over the past 10 years, EUDI.L has underperformed X7PS.L with an annualized return of 7.32%, while X7PS.L has yielded a comparatively higher 16.09% annualized return.

EUDI.L

• 1D: -0.40%
• 1M: 2.39%
• 6M: 9.66%
• YTD: 10.10%
• 1Y: 14.49%
• 3Y*: 14.58%
• 5Y*: 9.13%
• 10Y*: 7.32%
• ALL TIME*: 8.38%

X7PS.L

• 1D: 0.19%
• 1M: 1.79%
• 6M: 13.83%
• YTD: 16.77%
• 1Y: 50.61%
• 3Y*: 43.31%
• 5Y*: 31.72%
• 10Y*: 16.09%
• ALL TIME*: 10.99%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUDI.L SPDR® S&P Euro Dividend Aristocrats UCITS ETF	10.10%	19.78%	8.49%	17.84%	-10.67%	14.45%	-11.74%	21.42%	-7.84%	11.12%
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)	16.77%	78.30%	33.17%	25.70%	0.44%	38.22%	-22.81%	13.99%	-26.23%	11.67%

Correlation

The correlation between EUDI.L and X7PS.L is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Mar 1, 2012	0.69

The correlation between EUDI.L and X7PS.L shifts across timeframes, from 0.53 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

EUDI.L vs. X7PS.L - Sectors Allocation Comparison

Sectors	EUDI.L	X7PS.L
Financial Services	25.6%	100.0%
Industrials	22.0%	-
Utilities	14.8%	-
Basic Materials	8.6%	-
Healthcare	6.5%	-
Energy	6.5%	-
Communication Services	5.7%	-
Consumer Defensive	4.2%	-
Real Estate	2.5%	-
Consumer Cyclical	2.3%	-
Technology	1.3%	-

Return for Risk

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

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

EUDI.L

EUDI.L Risk / Return Rank: 50
EUDI.L Sharpe Ratio Rank: 52
EUDI.L Sortino Ratio Rank: 49
EUDI.L Omega Ratio Rank: 55
EUDI.L Calmar Ratio Rank: 47
EUDI.L Martin Ratio Rank: 48

X7PS.L

X7PS.L Risk / Return Rank: 83
X7PS.L Sharpe Ratio Rank: 89
X7PS.L Sortino Ratio Rank: 86
X7PS.L Omega Ratio Rank: 84
X7PS.L Calmar Ratio Rank: 79
X7PS.L Martin Ratio Rank: 75

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.

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

This table presents a comparison of risk-adjusted performance metrics for SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDI.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.

	EUDI.L	X7PS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.34	2.25	-0.90
Sortino ratio: Return per unit of downside risk	1.87	2.98	-1.11
Omega ratio: Gain probability vs. loss probability	1.26	1.37	-0.12
Calmar ratio: Return relative to maximum drawdown	1.81	3.05	-1.24
Martin ratio: Return relative to average drawdown	5.98	10.04	-4.06

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

The current EUDI.L Sharpe Ratio is 1.34, which is lower than the X7PS.L Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of EUDI.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

EUDI.L vs. X7PS.L - Drawdown Comparison

The maximum EUDI.L drawdown since its inception was -37.79%, smaller than the maximum X7PS.L drawdown of -60.64%. Use the drawdown chart below to compare losses from any high point for EUDI.L and X7PS.L.

Drawdown Indicators

	EUDI.L	X7PS.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.79%	-60.64%	+22.85%
Max Drawdown (1Y) Largest decline over 1 year	-7.96%	-16.49%	+8.53%
Max Drawdown (3Y) Largest decline over 3 years	-11.66%	-20.14%	+8.48%
Max Drawdown (5Y) Largest decline over 5 years	-24.02%	-29.70%	+5.68%
Max Drawdown (10Y) Largest decline over 10 years	-37.79%	-56.51%	+18.72%
Current Drawdown Current decline from peak	-0.40%	-1.91%	+1.51%
Average Drawdown Average peak-to-trough decline	-5.56%	-17.84%	+12.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	5.02%	-2.60%

Volatility

EUDI.L vs. X7PS.L - Volatility Comparison

The current volatility for SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDI.L) is 2.56%, while Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L) has a volatility of 5.59%. This indicates that EUDI.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.

Volatility by Period

	EUDI.L	X7PS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	5.59%	-3.03%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	18.91%	-9.96%
Volatility (1Y) Calculated over the trailing 1-year period	10.76%	22.45%	-11.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.33%	23.64%	-10.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.58%	24.86%	-10.28%

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

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

Dividends

EUDI.L vs. X7PS.L - Dividend Comparison

EUDI.L's dividend yield for the trailing twelve months is around 3.45%, while X7PS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUDI.L SPDR® S&P Euro Dividend Aristocrats UCITS ETF	3.45%	4.08%	3.66%	3.31%	3.61%	2.80%	3.07%	3.12%	3.71%	3.15%	2.97%	3.01%
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

EUDI.L and X7PS.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUDI.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, EUDI.L or X7PS.L?

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

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

EUDI.L tracks MSCI EMU NR EUR, while X7PS.L tracks STOXX Europe 600 Optimised Banks Index (EUR). They also come from different issuers: State Street and Invesco. Their fees differ too: 0.30% for EUDI.L and 0.20% for X7PS.L.