LCPE.L vs. X7PS.L
LCPE.L (Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF) are both Europe Equities funds - LCPE.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, LCPE.L returned 9.02%/yr vs 16.45%/yr for X7PS.L. A 0.58 correlation means they provide meaningful diversification when combined. LCPE.L charges 0.65%/yr vs 0.30%/yr for X7PS.L.
Performance
LCPE.L vs. X7PS.L - Performance Comparison
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Different Trading Currencies
LCPE.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, LCPE.L achieves a 13.82% return, which is significantly lower than X7PS.L's 14.56% return. Over the past 10 years, LCPE.L has underperformed X7PS.L with an annualized return of 9.02%, while X7PS.L has yielded a comparatively higher 16.45% annualized return.
LCPE.L
- 1D
- 0.73%
- 1M
- -0.20%
- 6M
- 11.90%
- YTD
- 13.82%
- 1Y
- 26.95%
- 3Y*
- 11.41%
- 5Y*
- 8.79%
- 10Y*
- 9.02%
X7PS.L
- 1D
- 0.00%
- 1M
- 4.26%
- 6M
- 11.91%
- YTD
- 14.56%
- 1Y
- 49.84%
- 3Y*
- 44.04%
- 5Y*
- 31.75%
- 10Y*
- 16.45%
LCPE.L vs. X7PS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCPE.L Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS | 13.82% | 18.27% | -2.33% | 10.46% | -0.17% | 17.51% | 8.55% | 16.87% | -6.17% | 9.67% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF | 14.56% | 87.84% | 27.12% | 23.19% | 5.63% | 30.02% | -18.45% | 7.52% | -25.50% | 16.45% |
Correlation
The correlation between LCPE.L and X7PS.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.58 |
Over the past year, the correlation between LCPE.L and X7PS.L has dropped to 0.31 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
LCPE.L vs. X7PS.L — Risk / Return Rank
LCPE.L
X7PS.L
LCPE.L vs. X7PS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS (LCPE.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.
| LCPE.L | X7PS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 3.10 | +0.77 |
| Martin ratioReturn relative to average drawdown | 11.93 | 10.36 | +1.57 |
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Drawdowns
LCPE.L vs. X7PS.L - Drawdown Comparison
The maximum LCPE.L drawdown since its inception was -27.75%, smaller than the maximum X7PS.L drawdown of -56.34%. Use the drawdown chart below to compare losses from any high point for LCPE.L and X7PS.L.
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Drawdown Indicators
| LCPE.L | X7PS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.75% | -56.34% | +28.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.66% | -16.07% | +9.41% |
Max Drawdown (3Y)Largest decline over 3 years | -12.39% | -18.22% | +5.83% |
Max Drawdown (5Y)Largest decline over 5 years | -12.39% | -30.73% | +18.34% |
Max Drawdown (10Y)Largest decline over 10 years | -27.75% | -56.34% | +28.59% |
Current DrawdownCurrent decline from peak | -3.03% | -1.80% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -14.49% | +10.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 4.81% | -2.65% |
Volatility
LCPE.L vs. X7PS.L - Volatility Comparison
The current volatility for Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS (LCPE.L) is 3.73%, while Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L) has a volatility of 5.39%. This indicates that LCPE.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
| LCPE.L | X7PS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 5.39% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 8.72% | 18.89% | -10.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.35% | 22.30% | -10.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.91% | 23.78% | -10.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.18% | 24.60% | -10.42% |
LCPE.L vs. X7PS.L - Expense Ratio Comparison
LCPE.L has a 0.65% expense ratio, which is higher than X7PS.L's 0.30% expense ratio.
Dividends
LCPE.L vs. X7PS.L - Dividend Comparison
Neither LCPE.L nor X7PS.L has paid dividends to shareholders.
Frequently Asked Questions
LCPE.L and X7PS.L have a correlation of 0.31, 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 0.65% for LCPE.L.
LCPE.L tracks MSCI Europe NR EUR, while X7PS.L tracks Invesco STOXX Europe 600 Optimised Banks UCITS ETF. They also come from different issuers: Natixis and Invesco. Their fees differ too: 0.65% for LCPE.L and 0.30% for X7PS.L.
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