S7XE.DE vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) and S&P 500 Index (^GSPC).

S7XE.DE is a passively managed fund by Invesco that tracks the performance of the EURO STOXX® Optimised Banks. It was launched on Apr 11, 2011.

Performance

S7XE.DE vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

S7XE.DE vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF	-5.44%	86.82%	30.66%	28.83%	0.46%	39.15%	-23.11%	18.12%	-32.15%	14.80%
^GSPC S&P 500 Index	-2.47%	2.58%	31.45%	20.51%	-14.45%	36.38%	6.68%	31.79%	-1.84%	4.74%

Different Trading Currencies

S7XE.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, S7XE.DE achieves a -5.44% return, which is significantly lower than ^GSPC's -2.47% return. Over the past 10 years, S7XE.DE has outperformed ^GSPC with an annualized return of 13.53%, while ^GSPC has yielded a comparatively lower 12.07% annualized return.

S7XE.DE

• 1D: 4.52%
• 1M: -3.91%
• YTD: -5.44%
• 6M: 6.25%
• 1Y: 35.12%
• 3Y*: 41.01%
• 5Y*: 28.42%
• 10Y*: 13.53%

^GSPC

• 1D: 0.61%
• 1M: -3.45%
• YTD: -2.47%
• 6M: -0.63%
• 1Y: 8.91%
• 3Y*: 14.47%
• 5Y*: 10.74%
• 10Y*: 12.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

S7XE.DE vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

S7XE.DE

S7XE.DE Risk / Return Rank: 68
S7XE.DE Sharpe Ratio Rank: 72
S7XE.DE Sortino Ratio Rank: 69
S7XE.DE Omega Ratio Rank: 62
S7XE.DE Calmar Ratio Rank: 72
S7XE.DE Martin Ratio Rank: 63

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

S7XE.DE vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) and S&P 500 Index (^GSPC). 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.

	S7XE.DE	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	1.35	0.43	+0.91
Sortino ratio Return per unit of downside risk	1.80	0.73	+1.07
Omega ratio Gain probability vs. loss probability	1.24	1.12	+0.12
Calmar ratio Return relative to maximum drawdown	2.04	0.66	+1.37
Martin ratio Return relative to average drawdown	6.94	2.77	+4.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

S7XE.DE vs. ^GSPC - Sharpe Ratio Comparison

The current S7XE.DE Sharpe Ratio is 1.35, which is higher than the ^GSPC Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of S7XE.DE and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	S7XE.DE	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	0.43	+0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.11	0.64	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.65	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.45	-0.24

Correlation

The correlation between S7XE.DE and ^GSPC is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

S7XE.DE vs. ^GSPC - Drawdown Comparison

The maximum S7XE.DE drawdown since its inception was -65.33%, which is greater than ^GSPC's maximum drawdown of -53.11%. Use the drawdown chart below to compare losses from any high point for S7XE.DE and ^GSPC.

Drawdown Indicators

	S7XE.DE	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-65.33%	-56.78%	-8.55%
Max Drawdown (1Y) Largest decline over 1 year	-17.42%	-12.14%	-5.28%
Max Drawdown (5Y) Largest decline over 5 years	-35.42%	-25.43%	-9.99%
Max Drawdown (10Y) Largest decline over 10 years	-63.10%	-33.92%	-29.18%
Current Drawdown Current decline from peak	-11.75%	-5.78%	-5.97%
Average Drawdown Average peak-to-trough decline	-23.20%	-10.75%	-12.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.12%	2.60%	+2.52%

Volatility

S7XE.DE vs. ^GSPC - Volatility Comparison

Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) has a higher volatility of 10.05% compared to S&P 500 Index (^GSPC) at 4.42%. This indicates that S7XE.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	S7XE.DE	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.05%	4.42%	+5.63%
Volatility (6M) Calculated over the trailing 6-month period	17.48%	9.93%	+7.55%
Volatility (1Y) Calculated over the trailing 1-year period	26.00%	20.69%	+5.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.35%	16.81%	+8.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.78%	18.63%	+10.15%