EUMV.L vs. X7PS.L
EUMV.L (Ossiam Europe ESG Machine Learning ETF UCITS (EUR)) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)) are both Europe Equities funds - EUMV.L tracks the MSCI Europe NR EUR while X7PS.L tracks the STOXX Europe 600 Optimised Banks Index (EUR). Both are passively managed. Over the past 10 years, EUMV.L returned 6.94%/yr vs 16.22%/yr for X7PS.L. A 0.53 correlation means they provide meaningful diversification when combined. EUMV.L charges 0.45%/yr vs 0.20%/yr for X7PS.L.
Performance
EUMV.L vs. X7PS.L - Performance Comparison
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Returns By Period
In the year-to-date period, EUMV.L achieves a 8.39% return, which is significantly lower than X7PS.L's 16.55% return. Over the past 10 years, EUMV.L has underperformed X7PS.L with an annualized return of 6.94%, while X7PS.L has yielded a comparatively higher 16.22% annualized return.
EUMV.L
- 1D
- 0.41%
- 1M
- 1.12%
- 6M
- 6.04%
- YTD
- 8.39%
- 1Y
- 9.17%
- 3Y*
- 12.97%
- 5Y*
- 6.48%
- 10Y*
- 6.94%
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%
EUMV.L vs. X7PS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUMV.L Ossiam Europe ESG Machine Learning ETF UCITS (EUR) | 8.39% | 12.06% | 14.58% | 6.69% | -13.93% | 23.15% | 0.82% | 18.31% | -4.96% | 12.22% |
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 EUMV.L and X7PS.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2011 | 0.53 |
The correlation between EUMV.L and X7PS.L shifts across timeframes, from 0.50 (10 years) to 0.65 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUMV.L vs. X7PS.L — Risk / Return Rank
EUMV.L
X7PS.L
EUMV.L vs. X7PS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.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.
| EUMV.L | X7PS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 3.04 | -1.87 |
| Martin ratioReturn relative to average drawdown | 3.91 | 10.00 | -6.09 |
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Drawdowns
EUMV.L vs. X7PS.L - Drawdown Comparison
The maximum EUMV.L drawdown since its inception was -30.58%, smaller than the maximum X7PS.L drawdown of -60.64%. Use the drawdown chart below to compare losses from any high point for EUMV.L and X7PS.L.
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Drawdown Indicators
| EUMV.L | X7PS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.58% | -60.64% | +30.06% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | -16.49% | +8.70% |
Max Drawdown (3Y)Largest decline over 3 years | -12.32% | -20.14% | +7.82% |
Max Drawdown (5Y)Largest decline over 5 years | -20.37% | -29.70% | +9.33% |
Max Drawdown (10Y)Largest decline over 10 years | -30.58% | -56.51% | +25.93% |
Current DrawdownCurrent decline from peak | -0.11% | -2.10% | +1.99% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -17.84% | +13.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 5.02% | -2.68% |
Volatility
EUMV.L vs. X7PS.L - Volatility Comparison
The current volatility for Ossiam Europe ESG Machine Learning ETF UCITS (EUR) (EUMV.L) is 2.33%, while Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L) has a volatility of 5.59%. This indicates that EUMV.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
| EUMV.L | X7PS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 5.59% | -3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.69% | 18.93% | -10.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.27% | 22.42% | -12.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.82% | 23.71% | -11.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.14% | 24.86% | -12.72% |
EUMV.L vs. X7PS.L - Expense Ratio Comparison
EUMV.L has a 0.45% expense ratio, which is higher than X7PS.L's 0.20% expense ratio.
Dividends
EUMV.L vs. X7PS.L - Dividend Comparison
Neither EUMV.L nor X7PS.L has paid dividends to shareholders.
Frequently Asked Questions
EUMV.L and X7PS.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.45% for EUMV.L.
EUMV.L tracks MSCI Europe NR EUR, while X7PS.L tracks STOXX Europe 600 Optimised Banks Index (EUR). They also come from different issuers: Natixis and Invesco. Their fees differ too: 0.45% for EUMV.L and 0.20% for X7PS.L.
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