S7XE.DE vs. 6PSE.DE
S7XE.DE (Invesco EURO STOXX Optimised Banks UCITS ETF) and 6PSE.DE (Invesco MSCI USA UCITS ETF Dist) are both exchange-traded funds - S7XE.DE is a Financials Equities fund tracking the EURO STOXX® Optimised Banks, while 6PSE.DE is a Large Cap Blend Equities fund tracking the MSCI USA. Both are passively managed. Over the past 3 years, S7XE.DE returned 44.23%/yr vs 19.18%/yr for 6PSE.DE. At a 0.36 correlation, their price movements are largely independent. S7XE.DE charges 0.30%/yr vs 0.05%/yr for 6PSE.DE.
Performance
S7XE.DE vs. 6PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, S7XE.DE achieves a 4.99% return, which is significantly lower than 6PSE.DE's 11.33% return.
S7XE.DE
- 1D
- 1.09%
- 1M
- 2.40%
- YTD
- 4.99%
- 6M
- 12.49%
- 1Y
- 36.30%
- 3Y*
- 44.23%
- 5Y*
- 28.00%
- 10Y*
- 14.41%
6PSE.DE
- 1D
- -0.18%
- 1M
- 4.51%
- YTD
- 11.33%
- 6M
- 10.72%
- 1Y
- 25.24%
- 3Y*
- 19.18%
- 5Y*
- —
- 10Y*
- —
S7XE.DE vs. 6PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 4.99% | 86.82% | 30.66% | 28.83% | -7.89% |
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 11.33% | 4.78% | 32.52% | 23.62% | -6.58% |
Correlation
The correlation between S7XE.DE and 6PSE.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.36 |
The correlation between S7XE.DE and 6PSE.DE shifts across timeframes, from 0.32 (3 years) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
S7XE.DE vs. 6PSE.DE — Risk / Return Rank
S7XE.DE
6PSE.DE
S7XE.DE vs. 6PSE.DE - 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 Invesco MSCI USA UCITS ETF Dist (6PSE.DE). 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 | 6PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.40 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 3.44 | -1.24 |
| Martin ratioReturn relative to average drawdown | 6.92 | 11.99 | -5.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| S7XE.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 2.15 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.93 | -0.69 |
Drawdowns
S7XE.DE vs. 6PSE.DE - Drawdown Comparison
The maximum S7XE.DE drawdown since its inception was -65.33%, which is greater than 6PSE.DE's maximum drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for S7XE.DE and 6PSE.DE.
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Drawdown Indicators
| S7XE.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.33% | -23.70% | -41.63% |
Max Drawdown (1Y)Largest decline over 1 year | -17.42% | -7.31% | -10.11% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | -23.70% | +3.88% |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.10% | — | — |
Current DrawdownCurrent decline from peak | -2.02% | -0.41% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -23.01% | -4.83% | -18.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 2.10% | +3.44% |
Volatility
S7XE.DE vs. 6PSE.DE - Volatility Comparison
Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) has a higher volatility of 6.10% compared to Invesco MSCI USA UCITS ETF Dist (6PSE.DE) at 2.73%. This indicates that S7XE.DE's price experiences larger fluctuations and is considered to be riskier than 6PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| S7XE.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 2.73% | +3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 19.27% | 7.68% | +11.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.08% | 11.65% | +12.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 15.41% | +10.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.66% | 15.41% | +13.25% |
S7XE.DE vs. 6PSE.DE - Expense Ratio Comparison
S7XE.DE has a 0.30% expense ratio, which is higher than 6PSE.DE's 0.05% expense ratio.
Dividends
S7XE.DE vs. 6PSE.DE - Dividend Comparison
S7XE.DE has not paid dividends to shareholders, while 6PSE.DE's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 1.05% | 1.16% | 1.26% | 1.51% | 1.69% |
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
S7XE.DE and 6PSE.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 6PSE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSE.DE is cheaper with a 0.05% expense ratio, compared with 0.30% for S7XE.DE.
S7XE.DE is categorized as Financials Equities, while 6PSE.DE is Large Cap Blend Equities. S7XE.DE tracks EURO STOXX® Optimised Banks, while 6PSE.DE tracks MSCI USA. Their fees differ too: 0.30% for S7XE.DE and 0.05% for 6PSE.DE.
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