S7XE.DE vs. EXX1.DE
S7XE.DE (Invesco EURO STOXX Optimised Banks UCITS ETF) and EXX1.DE (iShares EURO STOXX Banks 30-15 UCITS ETF (DE)) are both Financials Equities funds - S7XE.DE tracks the EURO STOXX® Optimised Banks while EXX1.DE tracks the EURO STOXX® Banks 30-15. Both are passively managed. Over the past 10 years, S7XE.DE returned 14.41%/yr vs 14.90%/yr for EXX1.DE. With a 0.98 correlation, they move nearly in lockstep. S7XE.DE charges 0.30%/yr vs 0.52%/yr for EXX1.DE.
Performance
S7XE.DE vs. EXX1.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 EXX1.DE's 5.47% return. Both investments have delivered pretty close results over the past 10 years, with S7XE.DE having a 14.41% annualized return and EXX1.DE not far ahead at 14.90%.
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%
EXX1.DE
- 1D
- 0.88%
- 1M
- 2.57%
- YTD
- 5.47%
- 6M
- 12.82%
- 1Y
- 39.11%
- 3Y*
- 45.42%
- 5Y*
- 28.85%
- 10Y*
- 14.90%
S7XE.DE vs. EXX1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 4.99% | 86.82% | 30.66% | 28.83% | 0.46% | 39.15% | -23.11% | 18.12% | -32.15% | 14.80% |
EXX1.DE iShares EURO STOXX Banks 30-15 UCITS ETF (DE) | 5.47% | 90.63% | 30.20% | 30.03% | 0.67% | 39.66% | -23.43% | 17.97% | -31.04% | 14.78% |
Correlation
The correlation between S7XE.DE and EXX1.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2011 | 0.98 |
The correlation between S7XE.DE and EXX1.DE has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
S7XE.DE vs. EXX1.DE — Risk / Return Rank
S7XE.DE
EXX1.DE
S7XE.DE vs. EXX1.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 EURO STOXX Banks 30-15 UCITS ETF (DE) (EXX1.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 | EXX1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.41 | -0.22 |
| Martin ratioReturn relative to average drawdown | 6.92 | 7.65 | -0.73 |
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 | EXX1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.74 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 1.13 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.52 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.10 | +0.13 |
Drawdowns
S7XE.DE vs. EXX1.DE - Drawdown Comparison
The maximum S7XE.DE drawdown since its inception was -65.33%, smaller than the maximum EXX1.DE drawdown of -84.32%. Use the drawdown chart below to compare losses from any high point for S7XE.DE and EXX1.DE.
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Drawdown Indicators
| S7XE.DE | EXX1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.33% | -84.32% | +18.99% |
Max Drawdown (1Y)Largest decline over 1 year | -17.42% | -16.98% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | -20.17% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | -34.17% | -1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -63.10% | -62.43% | -0.67% |
Current DrawdownCurrent decline from peak | -2.02% | -1.57% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -23.01% | -49.66% | +26.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 5.36% | +0.18% |
Volatility
S7XE.DE vs. EXX1.DE - Volatility Comparison
Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) has a higher volatility of 6.10% compared to iShares EURO STOXX Banks 30-15 UCITS ETF (DE) (EXX1.DE) at 5.65%. This indicates that S7XE.DE's price experiences larger fluctuations and is considered to be riskier than EXX1.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 | EXX1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 5.65% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 19.27% | 18.82% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.08% | 23.58% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 25.22% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.66% | 28.34% | +0.32% |
S7XE.DE vs. EXX1.DE - Expense Ratio Comparison
S7XE.DE has a 0.30% expense ratio, which is lower than EXX1.DE's 0.52% expense ratio.
Dividends
S7XE.DE vs. EXX1.DE - Dividend Comparison
S7XE.DE has not paid dividends to shareholders, while EXX1.DE's dividend yield for the trailing twelve months is around 3.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXX1.DE iShares EURO STOXX Banks 30-15 UCITS ETF (DE) | 3.59% | 3.40% | 5.16% | 4.44% | 7.03% | 0.75% | 1.20% | 4.32% | 4.44% | 7.30% | 3.48% | 2.67% |
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, S7XE.DE and EXX1.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, S7XE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
S7XE.DE is cheaper with a 0.30% expense ratio, compared with 0.52% for EXX1.DE.
S7XE.DE tracks EURO STOXX® Optimised Banks, while EXX1.DE tracks EURO STOXX® Banks 30-15. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for S7XE.DE and 0.52% for EXX1.DE.
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