LGUK.L vs. X7PS.L
LGUK.L (L&G UK Equity UCITS ETF) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF) are both Europe Equities funds - LGUK.L tracks the FTSE AllSh TR GBP while X7PS.L tracks the Invesco STOXX Europe 600 Optimised Banks UCITS ETF. Both are passively managed. Over the past 5 years, LGUK.L returned 12.32%/yr vs 31.75%/yr for X7PS.L. A 0.60 correlation means they provide meaningful diversification when combined. LGUK.L charges 0.05%/yr vs 0.30%/yr for X7PS.L.
Performance
LGUK.L vs. X7PS.L - Performance Comparison
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Different Trading Currencies
LGUK.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, LGUK.L achieves a 7.75% return, which is significantly lower than X7PS.L's 14.56% return.
LGUK.L
- 1D
- 0.06%
- 1M
- 1.43%
- 6M
- 5.40%
- YTD
- 7.75%
- 1Y
- 20.57%
- 3Y*
- 16.22%
- 5Y*
- 12.32%
- 10Y*
- —
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%
LGUK.L vs. X7PS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LGUK.L L&G UK Equity UCITS ETF | 7.75% | 24.95% | 10.56% | 6.64% | 5.62% | 17.54% | -12.15% | 20.11% | -7.12% |
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% | -8.56% |
Correlation
The correlation between LGUK.L and X7PS.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.60 |
The correlation between LGUK.L and X7PS.L shifts across timeframes, from 0.45 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LGUK.L vs. X7PS.L — Risk / Return Rank
LGUK.L
X7PS.L
LGUK.L vs. X7PS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G UK Equity UCITS ETF (LGUK.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.
| LGUK.L | X7PS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 3.10 | -0.89 |
| Martin ratioReturn relative to average drawdown | 7.04 | 10.36 | -3.33 |
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Drawdowns
LGUK.L vs. X7PS.L - Drawdown Comparison
The maximum LGUK.L drawdown since its inception was -33.76%, smaller than the maximum X7PS.L drawdown of -56.34%. Use the drawdown chart below to compare losses from any high point for LGUK.L and X7PS.L.
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Drawdown Indicators
| LGUK.L | X7PS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.76% | -56.34% | +22.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -16.07% | +6.77% |
Max Drawdown (3Y)Largest decline over 3 years | -12.30% | -18.22% | +5.92% |
Max Drawdown (5Y)Largest decline over 5 years | -12.30% | -30.73% | +18.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.34% | — |
Current DrawdownCurrent decline from peak | -2.05% | -1.80% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -4.78% | -14.49% | +9.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 4.81% | -1.89% |
Volatility
LGUK.L vs. X7PS.L - Volatility Comparison
The current volatility for L&G UK Equity UCITS ETF (LGUK.L) is 3.56%, while Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L) has a volatility of 5.39%. This indicates that LGUK.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
| LGUK.L | X7PS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 5.39% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 18.89% | -7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.81% | 22.30% | -7.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 23.78% | -9.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.25% | 24.60% | -8.35% |
LGUK.L vs. X7PS.L - Expense Ratio Comparison
LGUK.L has a 0.05% expense ratio, which is lower than X7PS.L's 0.30% expense ratio.
Dividends
LGUK.L vs. X7PS.L - Dividend Comparison
Neither LGUK.L nor X7PS.L has paid dividends to shareholders.
Frequently Asked Questions
LGUK.L and X7PS.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUK.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUK.L is cheaper with a 0.05% expense ratio, compared with 0.30% for X7PS.L.
LGUK.L tracks FTSE AllSh TR GBP, while X7PS.L tracks Invesco STOXX Europe 600 Optimised Banks UCITS ETF. They also come from different issuers: Legal & General and Invesco. Their fees differ too: 0.05% for LGUK.L and 0.30% for X7PS.L.
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