IEDL.L vs. X7PS.L
IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF) are both Europe Equities funds - IEDL.L tracks the MSCI Europe Value NR EUR while X7PS.L tracks the Invesco STOXX Europe 600 Optimised Banks UCITS ETF. Both are passively managed. Over the past 5 years, IEDL.L returned 15.52%/yr vs 32.08%/yr for X7PS.L. Their correlation of 0.82 suggests significant overlap in exposure. IEDL.L charges 0.25%/yr vs 0.30%/yr for X7PS.L.
Performance
IEDL.L vs. X7PS.L - Performance Comparison
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Returns By Period
In the year-to-date period, IEDL.L achieves a 16.37% return, which is significantly lower than X7PS.L's 17.93% return.
IEDL.L
- 1D
- -0.12%
- 1M
- 1.01%
- 6M
- 12.76%
- YTD
- 16.37%
- 1Y
- 33.99%
- 3Y*
- 21.71%
- 5Y*
- 15.52%
- 10Y*
- —
X7PS.L
- 1D
- 0.13%
- 1M
- 6.39%
- 6M
- 14.44%
- YTD
- 17.93%
- 1Y
- 53.36%
- 3Y*
- 44.72%
- 5Y*
- 32.08%
- 10Y*
- 16.30%
IEDL.L vs. X7PS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IEDL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) | 16.37% | 34.97% | 10.35% | 13.65% | -3.82% | 26.74% | -8.81% | 21.98% | -12.14% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF | 17.93% | 78.30% | 33.17% | 25.70% | 0.44% | 38.22% | -22.81% | 13.99% | -27.43% |
Correlation
The correlation between IEDL.L and X7PS.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2018 | 0.82 |
The correlation between IEDL.L and X7PS.L has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
IEDL.L vs. X7PS.L — Risk / Return Rank
IEDL.L
X7PS.L
IEDL.L vs. X7PS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) and Invesco STOXX Europe 600 Optimised Banks UCITS ETF (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.
| IEDL.L | X7PS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.39 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 3.24 | +0.25 |
| Martin ratioReturn relative to average drawdown | 13.06 | 10.66 | +2.40 |
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Drawdowns
IEDL.L vs. X7PS.L - Drawdown Comparison
The maximum IEDL.L drawdown since its inception was -39.77%, smaller than the maximum X7PS.L drawdown of -60.64%. Use the drawdown chart below to compare losses from any high point for IEDL.L and X7PS.L.
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Drawdown Indicators
| IEDL.L | X7PS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.77% | -60.64% | +20.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -16.49% | +6.80% |
Max Drawdown (3Y)Largest decline over 3 years | -17.59% | -20.14% | +2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -29.70% | +10.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.51% | — |
Current DrawdownCurrent decline from peak | -1.27% | -0.94% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -17.85% | +11.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 5.02% | -2.42% |
Volatility
IEDL.L vs. X7PS.L - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) is 4.43%, while Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L) has a volatility of 5.45%. This indicates that IEDL.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
| IEDL.L | X7PS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 5.45% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.78% | 18.89% | -7.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.07% | 22.39% | -8.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.45% | 23.71% | -8.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.95% | 24.86% | -6.91% |
IEDL.L vs. X7PS.L - Expense Ratio Comparison
IEDL.L has a 0.25% expense ratio, which is lower than X7PS.L's 0.30% expense ratio.
Dividends
IEDL.L vs. X7PS.L - Dividend Comparison
IEDL.L's dividend yield for the trailing twelve months is around 2.93%, while X7PS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IEDL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) | 2.93% | 3.44% | 4.22% | 4.75% | 4.23% | 3.55% | 2.32% | 3.86% | 3.19% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IEDL.L and X7PS.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEDL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEDL.L is cheaper with a 0.25% expense ratio, compared with 0.30% for X7PS.L.
IEDL.L tracks MSCI Europe Value NR EUR, while X7PS.L tracks Invesco STOXX Europe 600 Optimised Banks UCITS ETF. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.25% for IEDL.L and 0.30% for X7PS.L.
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