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IPRV.L vs. X7PS.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IPRV.L vs. X7PS.L

Last updated Jul 21, 2026
Documentation

IPRV.L (iShares Listed Private Equity UCITS ETF USD (Dist)) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)) are both exchange-traded funds - IPRV.L is a Financials Equities fund tracking the S&P Listed Private Equity Index, while X7PS.L is a Europe Equities fund tracking the STOXX Europe 600 Optimised Banks Index (EUR). Both are passively managed. Over the past 10 years, IPRV.L returned 10.20%/yr vs 16.26%/yr for X7PS.L. A 0.56 correlation means they provide meaningful diversification when combined. IPRV.L charges 0.75%/yr vs 0.20%/yr for X7PS.L.

Performance

IPRV.L vs. X7PS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.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.

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Different Trading Currencies

IPRV.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, IPRV.L achieves a -12.60% return, which is significantly lower than X7PS.L's 13.79% return. Over the past 10 years, IPRV.L has underperformed X7PS.L with an annualized return of 10.20%, while X7PS.L has yielded a comparatively higher 16.26% annualized return.

IPRV.L

1D
-1.68%
1M
0.73%
6M
-14.16%
YTD
-12.60%
1Y
-18.62%
3Y*
6.83%
5Y*
4.37%
10Y*
10.20%
ALL TIME*
6.88%

X7PS.L

1D
0.12%
1M
-0.22%
6M
11.48%
YTD
13.79%
1Y
47.72%
3Y*
42.43%
5Y*
31.41%
10Y*
16.26%
ALL TIME*
10.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IPRV.L
iShares Listed Private Equity UCITS ETF USD (Dist)		-12.60%-5.57%25.87%31.59%-19.97%43.61%1.19%39.30%-8.92%13.81%
X7PS.L
Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)		13.79%87.84%27.12%23.19%5.63%30.02%-18.45%7.52%-25.50%16.45%

Correlation

The correlation between IPRV.L and X7PS.L is 0.50, 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

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.49

Correlation (5Y)
Calculated over the trailing 5-year period

0.52

Correlation (10Y)
Calculated over the trailing 10-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Aug 17, 2011

0.56

The correlation between IPRV.L and X7PS.L has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.

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

Sectors
IPRV.L
X7PS.L

Financial Services

99.0%
100.0%

Industrials

0.6%

-

Consumer Cyclical

0.3%

-

Technology

0.0%

-

Healthcare

0.0%

-

Consumer Defensive

0.0%

-

Basic Materials

-

-

Communication Services

-

-

Energy

-

-

Real Estate

-

-

Utilities

-

-

Financial Services

IPRV.L
99.0%
X7PS.L
100.0%

Industrials

IPRV.L
0.6%
X7PS.L

-

Consumer Cyclical

IPRV.L
0.3%
X7PS.L

-

Technology

IPRV.L
0.0%
X7PS.L

-

Healthcare

IPRV.L
0.0%
X7PS.L

-

Consumer Defensive

IPRV.L
0.0%
X7PS.L

-

Basic Materials

IPRV.L

-

X7PS.L

-

Communication Services

IPRV.L

-

X7PS.L

-

Energy

IPRV.L

-

X7PS.L

-

Real Estate

IPRV.L

-

X7PS.L

-

Utilities

IPRV.L

-

X7PS.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Listed Private Equity UCITS ETF USD (Dist)

Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)

Often compared with IPRV.L:
IPRV.L vs. SPYIPRV.L vs. QQQ3.LIPRV.L vs. IWMO.LIPRV.L vs. BRK-BIPRV.L vs. BXIPRV.L vs. SWDA.LIPRV.L vs. HMWO.L
Often compared with X7PS.L:
X7PS.L vs. FRXD.LX7PS.L vs. LGEU.LX7PS.L vs. LDEU.LX7PS.L vs. MVED.LX7PS.L vs. JRZD.LX7PS.L vs. BGX.LX7PS.L vs. EMUM.L

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IPRV.L
IPRV.L Risk / Return Rank: 22
Overall Rank
IPRV.L Sharpe Ratio Rank: 22
Sharpe Ratio Rank
IPRV.L Sortino Ratio Rank: 33
Sortino Ratio Rank
IPRV.L Omega Ratio Rank: 33
Omega Ratio Rank
IPRV.L Calmar Ratio Rank: 33
Calmar Ratio Rank
IPRV.L Martin Ratio Rank: 11
Martin Ratio Rank
X7PS.L
X7PS.L Risk / Return Rank: 8383
Overall Rank
X7PS.L Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
X7PS.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
X7PS.L Omega Ratio Rank: 8484
Omega Ratio Rank
X7PS.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
X7PS.L Martin Ratio Rank: 7575
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.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.

IPRV.LX7PS.LDifference
Sharpe ratioReturn per unit of total volatility
-0.98
2.13

-3.10

Sortino ratioReturn per unit of downside risk
-1.31
2.83

-4.14

Omega ratioGain probability vs. loss probability

0.85

1.35

-0.50

Calmar ratioReturn relative to maximum drawdown

-0.78

2.95

-3.73

Martin ratioReturn relative to average drawdown

-1.40

9.88

-11.28

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

The current IPRV.L Sharpe Ratio is -0.98, which is lower than the X7PS.L Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of IPRV.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.

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Drawdowns

IPRV.L vs. X7PS.L - Drawdown Comparison

The maximum IPRV.L drawdown since its inception was -84.60%, which is greater than X7PS.L's maximum drawdown of -56.34%. Use the drawdown chart below to compare losses from any high point for IPRV.L and X7PS.L.

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Drawdown Indicators

IPRV.LX7PS.LDifference

Max Drawdown

Largest peak-to-trough decline

-84.60%

-56.34%

-28.26%

Max Drawdown (1Y)

Largest decline over 1 year

-23.89%

-16.07%

-7.82%

Max Drawdown (3Y)

Largest decline over 3 years

-28.60%

-18.22%

-10.38%

Max Drawdown (5Y)

Largest decline over 5 years

-28.60%

-30.73%

+2.13%

Max Drawdown (10Y)

Largest decline over 10 years

-44.53%

-56.34%

+11.81%

Current Drawdown

Current decline from peak

-23.65%

-2.46%

-21.19%

Average Drawdown

Average peak-to-trough decline

-25.81%

-14.49%

-11.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.26%

4.82%

+8.44%

Volatility

IPRV.L vs. X7PS.L - Volatility Comparison

The current volatility for iShares Listed Private Equity UCITS ETF USD (Dist) (IPRV.L) is 5.05%, while Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L) has a volatility of 5.51%. This indicates that IPRV.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

IPRV.LX7PS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.05%

5.51%

-0.46%

Volatility (6M)

Calculated over the trailing 6-month period

15.33%

18.91%

-3.58%

Volatility (1Y)

Calculated over the trailing 1-year period

19.01%

22.38%

-3.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.65%

23.72%

-4.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.39%

24.61%

-4.22%

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

IPRV.L has a 0.75% expense ratio, which is higher than X7PS.L's 0.20% expense ratio.

Dividends

IPRV.L vs. X7PS.L - Dividend Comparison

IPRV.L's dividend yield for the trailing twelve months is around 3.93%, while X7PS.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IPRV.L
iShares Listed Private Equity UCITS ETF USD (Dist)		3.93%3.01%3.00%3.44%4.39%2.49%3.84%3.34%4.92%5.15%4.01%5.38%
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

IPRV.L and X7PS.L have a correlation of 0.50, 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 0.75% for IPRV.L.

IPRV.L is categorized as Financials Equities, while X7PS.L is Europe Equities. IPRV.L tracks S&P Listed Private Equity Index, while X7PS.L tracks STOXX Europe 600 Optimised Banks Index (EUR). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.75% for IPRV.L and 0.20% for X7PS.L.

Portfolio Optimizer

Find the right allocation for IPRV.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.

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