S7XE.DE vs. FWEA.DE
S7XE.DE (Invesco EURO STOXX Optimised Banks UCITS ETF) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - S7XE.DE is a Financials Equities fund tracking the EURO STOXX® Optimised Banks, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, S7XE.DE returned 36.30% vs 25.98% for FWEA.DE. A 0.56 correlation means they provide meaningful diversification when combined. S7XE.DE charges 0.30%/yr vs 0.20%/yr for FWEA.DE.
Performance
S7XE.DE vs. FWEA.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 FWEA.DE's 10.64% 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%
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.84%
- YTD
- 10.64%
- 6M
- 11.58%
- 1Y
- 25.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
S7XE.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 4.99% | 86.82% | 30.66% | 16.25% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between S7XE.DE and FWEA.DE is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.56 |
The correlation between S7XE.DE and FWEA.DE has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
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Return for Risk
S7XE.DE vs. FWEA.DE — Risk / Return Rank
S7XE.DE
FWEA.DE
S7XE.DE vs. FWEA.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 FTSE All-World UCITS ETF (FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.43 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 3.18 | -0.98 |
| Martin ratioReturn relative to average drawdown | 6.92 | 13.52 | -6.60 |
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 | FWEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 2.30 | -0.70 |
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 | 1.51 | -1.28 |
Drawdowns
S7XE.DE vs. FWEA.DE - Drawdown Comparison
The maximum S7XE.DE drawdown since its inception was -65.33%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for S7XE.DE and FWEA.DE.
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Drawdown Indicators
| S7XE.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.33% | -17.48% | -47.85% |
Max Drawdown (1Y)Largest decline over 1 year | -17.42% | -8.28% | -9.14% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | — | — |
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% | -0.81% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -23.01% | -1.86% | -21.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 1.95% | +3.59% |
Volatility
S7XE.DE vs. FWEA.DE - Volatility Comparison
Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) has a higher volatility of 6.10% compared to Invesco FTSE All-World UCITS ETF (FWEA.DE) at 3.36%. This indicates that S7XE.DE's price experiences larger fluctuations and is considered to be riskier than FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 3.36% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 19.27% | 8.93% | +10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.08% | 11.45% | +12.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 12.72% | +12.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.66% | 12.72% | +15.94% |
S7XE.DE vs. FWEA.DE - Expense Ratio Comparison
S7XE.DE has a 0.30% expense ratio, which is higher than FWEA.DE's 0.20% expense ratio.
Dividends
S7XE.DE vs. FWEA.DE - Dividend Comparison
Neither S7XE.DE nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
S7XE.DE and FWEA.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWEA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWEA.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for S7XE.DE.
S7XE.DE is categorized as Financials Equities, while FWEA.DE is Global Equities. S7XE.DE tracks EURO STOXX® Optimised Banks, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.30% for S7XE.DE and 0.20% for FWEA.DE.
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