LGEU.L vs. X7PS.L
LGEU.L (L&G Europe ex UK Equity UCITS ETF) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF) are both Europe Equities funds - LGEU.L tracks the L&G Europe ex UK Equity UCITS ETF while X7PS.L tracks the Invesco STOXX Europe 600 Optimised Banks UCITS ETF. Both are passively managed. Over the past 5 years, LGEU.L returned 9.66%/yr vs 32.08%/yr for X7PS.L. A 0.69 correlation means they provide meaningful diversification when combined. LGEU.L charges 0.10%/yr vs 0.30%/yr for X7PS.L.
Performance
LGEU.L vs. X7PS.L - Performance Comparison
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Returns By Period
In the year-to-date period, LGEU.L achieves a 10.65% return, which is significantly lower than X7PS.L's 17.93% return.
LGEU.L
- 1D
- -0.63%
- 1M
- 0.36%
- 6M
- 6.63%
- YTD
- 10.65%
- 1Y
- 20.38%
- 3Y*
- 14.31%
- 5Y*
- 9.66%
- 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%
LGEU.L vs. X7PS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LGEU.L L&G Europe ex UK Equity UCITS ETF | 10.65% | 19.94% | 6.68% | 17.97% | -11.77% | 24.90% | 1.53% | 30.71% | -9.44% |
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% | -11.33% |
Correlation
The correlation between LGEU.L and X7PS.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.69 |
The correlation between LGEU.L and X7PS.L has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.
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Return for Risk
LGEU.L vs. X7PS.L — Risk / Return Rank
LGEU.L
X7PS.L
LGEU.L vs. X7PS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Europe ex UK Equity UCITS ETF (LGEU.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.
| LGEU.L | X7PS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 3.24 | -1.10 |
| Martin ratioReturn relative to average drawdown | 8.15 | 10.66 | -2.51 |
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Drawdowns
LGEU.L vs. X7PS.L - Drawdown Comparison
The maximum LGEU.L drawdown since its inception was -34.27%, smaller than the maximum X7PS.L drawdown of -60.64%. Use the drawdown chart below to compare losses from any high point for LGEU.L and X7PS.L.
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Drawdown Indicators
| LGEU.L | X7PS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.27% | -60.64% | +26.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -16.49% | +6.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -20.14% | +3.73% |
Max Drawdown (5Y)Largest decline over 5 years | -22.68% | -29.70% | +7.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.51% | — |
Current DrawdownCurrent decline from peak | -2.52% | -0.94% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -17.85% | +12.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 5.02% | -2.42% |
Volatility
LGEU.L vs. X7PS.L - Volatility Comparison
The current volatility for L&G Europe ex UK Equity UCITS ETF (LGEU.L) is 3.68%, while Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L) has a volatility of 5.45%. This indicates that LGEU.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
| LGEU.L | X7PS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 5.45% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 11.29% | 18.89% | -7.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 22.39% | -8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.08% | 23.71% | -8.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 24.86% | -7.87% |
LGEU.L vs. X7PS.L - Expense Ratio Comparison
LGEU.L has a 0.10% expense ratio, which is lower than X7PS.L's 0.30% expense ratio.
Dividends
LGEU.L vs. X7PS.L - Dividend Comparison
Neither LGEU.L nor X7PS.L has paid dividends to shareholders.
Frequently Asked Questions
LGEU.L and X7PS.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGEU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGEU.L is cheaper with a 0.10% expense ratio, compared with 0.30% for X7PS.L.
LGEU.L tracks L&G Europe ex UK Equity UCITS ETF, while X7PS.L tracks Invesco STOXX Europe 600 Optimised Banks UCITS ETF. They also come from different issuers: L&G and Invesco. Their fees differ too: 0.10% for LGEU.L and 0.30% for X7PS.L.
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