S7XE.DE vs. GLD
Compare and contrast key facts about Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) and SPDR Gold Shares (GLD).
S7XE.DE and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. S7XE.DE is a passively managed fund by Invesco that tracks the performance of the EURO STOXX® Optimised Banks. It was launched on Apr 11, 2011. GLD is a passively managed fund by State Street that tracks the performance of the LBMA Gold Price PM. It was launched on Nov 18, 2004. Both S7XE.DE and GLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
S7XE.DE vs. GLD - Performance Comparison
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S7XE.DE vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | -5.44% | 86.82% | 30.66% | 28.83% | 0.46% | 39.15% | -23.11% | 18.12% | -32.15% | 14.80% |
GLD SPDR Gold Shares | 12.17% | 44.25% | 35.02% | 9.31% | 5.38% | 3.02% | 14.53% | 20.52% | 2.66% | -1.05% |
Different Trading Currencies
S7XE.DE is traded in EUR, while GLD is traded in USD. To make them comparable, the GLD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, S7XE.DE achieves a -5.44% return, which is significantly lower than GLD's 10.30% return. Both investments have delivered pretty close results over the past 10 years, with S7XE.DE having a 13.53% annualized return and GLD not far ahead at 13.75%.
S7XE.DE
- 1D
- 4.52%
- 1M
- -3.91%
- YTD
- -5.44%
- 6M
- 6.25%
- 1Y
- 35.12%
- 3Y*
- 41.01%
- 5Y*
- 28.42%
- 10Y*
- 13.53%
GLD
- 1D
- 0.00%
- 1M
- -11.22%
- YTD
- 10.30%
- 6M
- 22.63%
- 1Y
- 39.68%
- 3Y*
- 30.10%
- 5Y*
- 22.03%
- 10Y*
- 13.75%
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S7XE.DE vs. GLD - Expense Ratio Comparison
S7XE.DE has a 0.30% expense ratio, which is lower than GLD's 0.40% expense ratio.
Return for Risk
S7XE.DE vs. GLD — Risk / Return Rank
S7XE.DE
GLD
S7XE.DE vs. GLD - 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 SPDR Gold Shares (GLD). 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 | GLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.55 | -0.20 |
Sortino ratioReturn per unit of downside risk | 1.80 | 1.99 | -0.19 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.31 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.32 | -0.28 |
Martin ratioReturn relative to average drawdown | 6.94 | 8.00 | -1.06 |
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 | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.55 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 1.34 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.93 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.67 | -0.46 |
Correlation
The correlation between S7XE.DE and GLD is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
S7XE.DE vs. GLD - Dividend Comparison
Neither S7XE.DE nor GLD has paid dividends to shareholders.
Drawdowns
S7XE.DE vs. GLD - Drawdown Comparison
The maximum S7XE.DE drawdown since its inception was -65.33%, which is greater than GLD's maximum drawdown of -37.47%. Use the drawdown chart below to compare losses from any high point for S7XE.DE and GLD.
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Drawdown Indicators
| S7XE.DE | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.33% | -45.56% | -19.77% |
Max Drawdown (1Y)Largest decline over 1 year | -17.42% | -19.21% | +1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | -21.03% | -14.39% |
Max Drawdown (10Y)Largest decline over 10 years | -63.10% | -22.00% | -41.10% |
Current DrawdownCurrent decline from peak | -11.75% | -11.71% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -23.20% | -16.17% | -7.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 5.25% | -0.13% |
Volatility
S7XE.DE vs. GLD - Volatility Comparison
Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) and SPDR Gold Shares (GLD) have volatilities of 10.05% and 10.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| S7XE.DE | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.05% | 10.37% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 17.48% | 23.27% | -5.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.00% | 25.71% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.35% | 16.48% | +8.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.78% | 14.82% | +13.96% |