IGDA.L vs. X7PP.L

Last updated Jul 16, 2026

IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) and X7PP.L (Invesco European Banks Sector UCITS ETF) are both exchange-traded funds - IGDA.L is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index, while X7PP.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 3 years, IGDA.L returned 18.23%/yr vs 45.97%/yr for X7PP.L. A 0.54 correlation means they provide meaningful diversification when combined. IGDA.L charges 0.40%/yr vs 0.20%/yr for X7PP.L.

Performance

IGDA.L vs. X7PP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and Invesco European Banks Sector UCITS ETF (X7PP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IGDA.L is traded in USD, while X7PP.L is traded in GBp. To make them comparable, the X7PP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IGDA.L achieves a 12.26% return, which is significantly lower than X7PP.L's 15.00% return.

IGDA.L

• 1D: -0.23%
• 1M: -1.78%
• 6M: 10.83%
• YTD: 12.26%
• 1Y: 25.93%
• 3Y*: 18.23%
• 5Y*: —
• 10Y*: —

X7PP.L

• 1D: 0.39%
• 1M: 5.30%
• 6M: 12.54%
• YTD: 15.00%
• 1Y: 51.53%
• 3Y*: 45.97%
• 5Y*: 31.35%
• 10Y*: 16.80%

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

IGDA.L vs. X7PP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	12.26%	18.76%	17.94%	29.70%	-20.97%
X7PP.L Invesco European Banks Sector UCITS ETF	15.00%	101.94%	24.95%	29.78%	-9.88%

Correlation

The correlation between IGDA.L and X7PP.L is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jan 7, 2022	0.54

The correlation between IGDA.L and X7PP.L has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.

IGDA.L vs. X7PP.L - Sectors Allocation Comparison

Sectors	IGDA.L	X7PP.L
Technology	45.3%	-
Healthcare	10.7%	-
Consumer Cyclical	10.4%	-
Industrials	9.9%	-
Communication Services	8.8%	-
Basic Materials	4.5%	-
Consumer Defensive	4.2%	-
Energy	3.1%	-
Financial Services	1.9%	100.0%
Real Estate	0.9%	-
Utilities	0.2%	-

Return for Risk

IGDA.L vs. X7PP.L — Risk / Return Rank

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

IGDA.L

IGDA.L Risk / Return Rank: 67
IGDA.L Sharpe Ratio Rank: 67
IGDA.L Sortino Ratio Rank: 70
IGDA.L Omega Ratio Rank: 63
IGDA.L Calmar Ratio Rank: 66
IGDA.L Martin Ratio Rank: 69

X7PP.L

X7PP.L Risk / Return Rank: 80
X7PP.L Sharpe Ratio Rank: 87
X7PP.L Sortino Ratio Rank: 84
X7PP.L Omega Ratio Rank: 81
X7PP.L Calmar Ratio Rank: 75
X7PP.L Martin Ratio Rank: 71

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.

IGDA.L vs. X7PP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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.

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.

	IGDA.L	X7PP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.16	-0.41
Sortino ratio: Return per unit of downside risk	2.54	2.87	-0.33
Omega ratio: Gain probability vs. loss probability	1.31	1.36	-0.06
Calmar ratio: Return relative to maximum drawdown	2.66	2.83	-0.17
Martin ratio: Return relative to average drawdown	10.04	8.95	+1.09

IGDA.L vs. X7PP.L - Sharpe Ratio Comparison

The current IGDA.L Sharpe Ratio is 1.75, which is comparable to the X7PP.L Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of IGDA.L and X7PP.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

IGDA.L vs. X7PP.L - Drawdown Comparison

The maximum IGDA.L drawdown since its inception was -27.14%, smaller than the maximum X7PP.L drawdown of -62.74%. Use the drawdown chart below to compare losses from any high point for IGDA.L and X7PP.L.

Drawdown Indicators

	IGDA.L	X7PP.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.14%	-62.74%	+35.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.69%	-18.12%	+8.43%
Max Drawdown (3Y) Largest decline over 3 years	-20.14%	-19.96%	-0.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-38.99%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-62.18%	—
Current Drawdown Current decline from peak	-3.55%	-0.78%	-2.77%
Average Drawdown Average peak-to-trough decline	-6.96%	-22.11%	+15.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	5.74%	-3.16%

Volatility

IGDA.L vs. X7PP.L - Volatility Comparison

The current volatility for Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) is 4.17%, while Invesco European Banks Sector UCITS ETF (X7PP.L) has a volatility of 5.83%. This indicates that IGDA.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.

Volatility by Period

	IGDA.L	X7PP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	5.83%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	11.86%	20.31%	-8.45%
Volatility (1Y) Calculated over the trailing 1-year period	14.79%	23.81%	-9.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.67%	26.31%	-8.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.67%	26.46%	-8.79%

IGDA.L vs. X7PP.L - Expense Ratio Comparison

IGDA.L has a 0.40% expense ratio, which is higher than X7PP.L's 0.20% expense ratio.

Dividends

IGDA.L vs. X7PP.L - Dividend Comparison

Neither IGDA.L nor X7PP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IGDA.L and X7PP.L in my portfolio?

IGDA.L and X7PP.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGDA.L or X7PP.L?

On fees, X7PP.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, IGDA.L or X7PP.L?

X7PP.L is cheaper with a 0.20% expense ratio, compared with 0.40% for IGDA.L.

What is the main difference between IGDA.L and X7PP.L?

IGDA.L is categorized as Global Equities, while X7PP.L is Financials Equities. IGDA.L tracks Dow Jones Islamic Market Developed Markets Index, while X7PP.L tracks MSCI World/Financials NR USD. Their fees differ too: 0.40% for IGDA.L and 0.20% for X7PP.L.