ISEU.L vs. X7PS.L
ISEU.L (iShares MSCI Europe UCITS Dist) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF) are both Europe Equities funds - ISEU.L tracks the MSCI Europe NR EUR while X7PS.L tracks the Invesco STOXX Europe 600 Optimised Banks UCITS ETF. Both are passively managed. Over the past 10 years, ISEU.L returned 10.91%/yr vs 16.69%/yr for X7PS.L. A 0.73 correlation means they provide meaningful diversification when combined. ISEU.L charges 1.00%/yr vs 0.30%/yr for X7PS.L.
Performance
ISEU.L vs. X7PS.L - Performance Comparison
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Different Trading Currencies
ISEU.L is traded in USD, while X7PS.L is traded in EUR. To make them comparable, the X7PS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ISEU.L achieves a 8.22% return, which is significantly lower than X7PS.L's 15.03% return. Over the past 10 years, ISEU.L has underperformed X7PS.L with an annualized return of 10.91%, while X7PS.L has yielded a comparatively higher 16.69% annualized return.
ISEU.L
- 1D
- 0.11%
- 1M
- 0.22%
- 6M
- 5.52%
- YTD
- 8.22%
- 1Y
- 19.54%
- 3Y*
- 15.50%
- 5Y*
- 9.84%
- 10Y*
- 10.91%
X7PS.L
- 1D
- 0.00%
- 1M
- 5.18%
- 6M
- 12.60%
- YTD
- 15.03%
- 1Y
- 51.45%
- 3Y*
- 45.69%
- 5Y*
- 31.30%
- 10Y*
- 16.69%
ISEU.L vs. X7PS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISEU.L iShares MSCI Europe UCITS Dist | 8.22% | 35.20% | 2.21% | 19.49% | -13.72% | 15.83% | 5.72% | 23.55% | -14.36% | 26.22% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF | 15.03% | 102.25% | 24.94% | 29.67% | -5.60% | 28.80% | -15.98% | 11.78% | -29.67% | 27.47% |
Correlation
The correlation between ISEU.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 | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2011 | 0.73 |
The correlation between ISEU.L and X7PS.L has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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Return for Risk
ISEU.L vs. X7PS.L — Risk / Return Rank
ISEU.L
X7PS.L
ISEU.L vs. X7PS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe UCITS Dist (ISEU.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.
| ISEU.L | X7PS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.35 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.80 | -1.10 |
| Martin ratioReturn relative to average drawdown | 6.04 | 8.88 | -2.83 |
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Drawdowns
ISEU.L vs. X7PS.L - Drawdown Comparison
The maximum ISEU.L drawdown since its inception was -55.91%, smaller than the maximum X7PS.L drawdown of -64.58%. Use the drawdown chart below to compare losses from any high point for ISEU.L and X7PS.L.
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Drawdown Indicators
| ISEU.L | X7PS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.91% | -64.58% | +8.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -18.24% | +6.77% |
Max Drawdown (3Y)Largest decline over 3 years | -14.13% | -19.95% | +5.82% |
Max Drawdown (5Y)Largest decline over 5 years | -30.77% | -38.89% | +8.12% |
Max Drawdown (10Y)Largest decline over 10 years | -36.02% | -61.95% | +25.93% |
Current DrawdownCurrent decline from peak | -1.60% | -0.79% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -21.87% | +7.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 5.76% | -2.53% |
Volatility
ISEU.L vs. X7PS.L - Volatility Comparison
The current volatility for iShares MSCI Europe UCITS Dist (ISEU.L) is 4.13%, while Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L) has a volatility of 5.79%. This indicates that ISEU.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
| ISEU.L | X7PS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 5.79% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 13.24% | 20.44% | -7.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.40% | 23.99% | -8.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.67% | 26.47% | -8.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 26.60% | -9.17% |
ISEU.L vs. X7PS.L - Expense Ratio Comparison
ISEU.L has a 1.00% expense ratio, which is higher than X7PS.L's 0.30% expense ratio.
Dividends
ISEU.L vs. X7PS.L - Dividend Comparison
ISEU.L's dividend yield for the trailing twelve months is around 2.50%, while X7PS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ISEU.L iShares MSCI Europe UCITS Dist | 2.50% | 2.46% | 3.00% | 2.81% | 2.86% | 2.36% | 1.91% | 3.03% | 3.28% | 2.48% |
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% | 0.00% |
Frequently Asked Questions
ISEU.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, X7PS.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X7PS.L is cheaper with a 0.30% expense ratio, compared with 1.00% for ISEU.L.
ISEU.L tracks MSCI Europe 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: 1.00% for ISEU.L and 0.30% for X7PS.L.
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