S7XE.DE vs. EQQX.DE
S7XE.DE (Invesco EURO STOXX Optimised Banks UCITS ETF) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both exchange-traded funds - S7XE.DE is a Financials Equities fund tracking the EURO STOXX® Optimised Banks, while EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 5 years, S7XE.DE returned 28.00%/yr vs 19.11%/yr for EQQX.DE. At a 0.31 correlation, their price movements are largely independent. S7XE.DE charges 0.30%/yr vs 0.20%/yr for EQQX.DE.
Performance
S7XE.DE vs. EQQX.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 EQQX.DE's 21.61% 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%
EQQX.DE
- 1D
- 0.11%
- 1M
- 8.86%
- YTD
- 21.61%
- 6M
- 19.72%
- 1Y
- 38.41%
- 3Y*
- 25.43%
- 5Y*
- 19.11%
- 10Y*
- —
S7XE.DE vs. EQQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 4.99% | 86.82% | 30.66% | 28.83% | 0.46% | 17.39% |
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 21.61% | 7.13% | 33.88% | 51.62% | -29.90% | 26.11% |
Correlation
The correlation between S7XE.DE and EQQX.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.31 |
The correlation between S7XE.DE and EQQX.DE shifts across timeframes, from 0.26 (3 years) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
S7XE.DE vs. EQQX.DE — Risk / Return Rank
S7XE.DE
EQQX.DE
S7XE.DE vs. EQQX.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 Nasdaq-100 Swap UCITS ETF Acc (EQQX.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 | EQQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.44 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 3.91 | -1.71 |
| Martin ratioReturn relative to average drawdown | 6.92 | 11.64 | -4.72 |
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 | EQQX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 2.49 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 0.95 | +0.13 |
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 | 0.90 | -0.66 |
Drawdowns
S7XE.DE vs. EQQX.DE - Drawdown Comparison
The maximum S7XE.DE drawdown since its inception was -65.33%, which is greater than EQQX.DE's maximum drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for S7XE.DE and EQQX.DE.
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Drawdown Indicators
| S7XE.DE | EQQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.33% | -31.17% | -34.16% |
Max Drawdown (1Y)Largest decline over 1 year | -17.42% | -9.97% | -7.45% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | -26.80% | +6.98% |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | -31.17% | -4.25% |
Max Drawdown (10Y)Largest decline over 10 years | -63.10% | — | — |
Current DrawdownCurrent decline from peak | -2.02% | 0.00% | -2.02% |
Average DrawdownAverage peak-to-trough decline | -23.01% | -7.99% | -15.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 3.36% | +2.18% |
Volatility
S7XE.DE vs. EQQX.DE - Volatility Comparison
Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) has a higher volatility of 6.10% compared to Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) at 4.15%. This indicates that S7XE.DE's price experiences larger fluctuations and is considered to be riskier than EQQX.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 | EQQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 4.15% | +1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 19.27% | 10.89% | +8.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.08% | 15.75% | +8.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 19.86% | +5.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.66% | 19.79% | +8.87% |
S7XE.DE vs. EQQX.DE - Expense Ratio Comparison
S7XE.DE has a 0.30% expense ratio, which is higher than EQQX.DE's 0.20% expense ratio.
Dividends
S7XE.DE vs. EQQX.DE - Dividend Comparison
Neither S7XE.DE nor EQQX.DE has paid dividends to shareholders.
Frequently Asked Questions
S7XE.DE and EQQX.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EQQX.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EQQX.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for S7XE.DE.
S7XE.DE is categorized as Financials Equities, while EQQX.DE is Nasdaq-100. S7XE.DE tracks EURO STOXX® Optimised Banks, while EQQX.DE tracks Nasdaq 100®. Their fees differ too: 0.30% for S7XE.DE and 0.20% for EQQX.DE.
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