S7XE.DE vs. ESIF.DE
S7XE.DE (Invesco EURO STOXX Optimised Banks UCITS ETF) and ESIF.DE (iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc)) are both Financials Equities funds - S7XE.DE tracks the EURO STOXX® Optimised Banks while ESIF.DE tracks the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, S7XE.DE returned 28.00%/yr vs 19.48%/yr for ESIF.DE. Their correlation of 0.89 suggests significant overlap in exposure. S7XE.DE charges 0.30%/yr vs 0.18%/yr for ESIF.DE.
Performance
S7XE.DE vs. ESIF.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 higher than ESIF.DE's 3.87% 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%
ESIF.DE
- 1D
- 0.61%
- 1M
- 0.49%
- YTD
- 3.87%
- 6M
- 10.51%
- 1Y
- 22.17%
- 3Y*
- 28.94%
- 5Y*
- 19.48%
- 10Y*
- —
S7XE.DE vs. ESIF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 4.99% | 86.82% | 30.66% | 28.83% | 0.46% | 39.15% | 4.41% |
ESIF.DE iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) | 3.87% | 47.69% | 25.31% | 21.61% | -2.88% | 29.09% | 3.24% |
Correlation
The correlation between S7XE.DE and ESIF.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.89 |
The correlation between S7XE.DE and ESIF.DE has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
S7XE.DE vs. ESIF.DE — Risk / Return Rank
S7XE.DE
ESIF.DE
S7XE.DE vs. ESIF.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 iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.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 | ESIF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 1.81 | +0.39 |
| Martin ratioReturn relative to average drawdown | 6.92 | 6.04 | +0.88 |
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 | ESIF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.25 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 1.02 | +0.07 |
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 | 1.16 | -0.93 |
Drawdowns
S7XE.DE vs. ESIF.DE - Drawdown Comparison
The maximum S7XE.DE drawdown since its inception was -65.33%, which is greater than ESIF.DE's maximum drawdown of -22.93%. Use the drawdown chart below to compare losses from any high point for S7XE.DE and ESIF.DE.
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Drawdown Indicators
| S7XE.DE | ESIF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.33% | -22.93% | -42.40% |
Max Drawdown (1Y)Largest decline over 1 year | -17.42% | -12.38% | -5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | -17.10% | -2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | -22.93% | -12.49% |
Max Drawdown (10Y)Largest decline over 10 years | -63.10% | — | — |
Current DrawdownCurrent decline from peak | -2.02% | -2.65% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -23.01% | -4.14% | -18.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 3.72% | +1.82% |
Volatility
S7XE.DE vs. ESIF.DE - Volatility Comparison
Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) has a higher volatility of 6.10% compared to iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.DE) at 5.37%. This indicates that S7XE.DE's price experiences larger fluctuations and is considered to be riskier than ESIF.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 | ESIF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 5.37% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 19.27% | 14.59% | +4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.08% | 17.99% | +6.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 18.96% | +6.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.66% | 18.84% | +9.82% |
S7XE.DE vs. ESIF.DE - Expense Ratio Comparison
S7XE.DE has a 0.30% expense ratio, which is higher than ESIF.DE's 0.18% expense ratio.
Dividends
S7XE.DE vs. ESIF.DE - Dividend Comparison
Neither S7XE.DE nor ESIF.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, S7XE.DE and ESIF.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ESIF.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIF.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for S7XE.DE.
S7XE.DE tracks EURO STOXX® Optimised Banks, while ESIF.DE tracks MSCI World/Financials NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for S7XE.DE and 0.18% for ESIF.DE.
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