S7XE.DE vs. INDA.DE
S7XE.DE (Invesco EURO STOXX Optimised Banks UCITS ETF) and INDA.DE (Lyxor STOXX Europe 600 Banks UCITS ETF Dist) are both Financials Equities funds - S7XE.DE tracks the EURO STOXX® Optimised Banks while INDA.DE tracks the STOXX® Europe 600 Banks. Both are passively managed. Over the past 10 years, S7XE.DE returned 14.41%/yr vs 13.89%/yr for INDA.DE. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
S7XE.DE vs. INDA.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 INDA.DE's 7.47% return. Both investments have delivered pretty close results over the past 10 years, with S7XE.DE having a 14.41% annualized return and INDA.DE not far behind at 13.89%.
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%
INDA.DE
- 1D
- 0.46%
- 1M
- 2.43%
- YTD
- 7.47%
- 6M
- 15.40%
- 1Y
- 39.76%
- 3Y*
- 40.68%
- 5Y*
- 26.58%
- 10Y*
- 13.89%
S7XE.DE vs. INDA.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% |
INDA.DE Lyxor STOXX Europe 600 Banks UCITS ETF Dist | 7.47% | 76.64% | 32.75% | 22.04% | 1.47% | 37.53% | -23.78% | 15.32% | -25.43% | 11.50% |
Correlation
The correlation between S7XE.DE and INDA.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2011 | 0.83 |
The correlation between S7XE.DE and INDA.DE shifts across timeframes, from 0.83 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
S7XE.DE vs. INDA.DE — Risk / Return Rank
S7XE.DE
INDA.DE
S7XE.DE vs. INDA.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 Lyxor STOXX Europe 600 Banks UCITS ETF Dist (INDA.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 | INDA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.65 | -0.45 |
| Martin ratioReturn relative to average drawdown | 6.92 | 8.93 | -2.01 |
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 | INDA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.86 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 1.18 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.61 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.19 | +0.05 |
Drawdowns
S7XE.DE vs. INDA.DE - Drawdown Comparison
The maximum S7XE.DE drawdown since its inception was -65.33%, smaller than the maximum INDA.DE drawdown of -70.13%. Use the drawdown chart below to compare losses from any high point for S7XE.DE and INDA.DE.
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Drawdown Indicators
| S7XE.DE | INDA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.33% | -70.13% | +4.80% |
Max Drawdown (1Y)Largest decline over 1 year | -17.42% | -15.59% | -1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | -20.38% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | -27.77% | -7.65% |
Max Drawdown (10Y)Largest decline over 10 years | -63.10% | -55.08% | -8.02% |
Current DrawdownCurrent decline from peak | -2.02% | -1.73% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -23.01% | -26.50% | +3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 4.64% | +0.90% |
Volatility
S7XE.DE vs. INDA.DE - Volatility Comparison
Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) and Lyxor STOXX Europe 600 Banks UCITS ETF Dist (INDA.DE) have volatilities of 6.10% and 5.98%, 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 | INDA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 5.98% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 19.27% | 17.92% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.08% | 22.30% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 24.05% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.66% | 26.34% | +2.32% |
S7XE.DE vs. INDA.DE - Expense Ratio Comparison
Both S7XE.DE and INDA.DE have an expense ratio of 0.30%.
Dividends
S7XE.DE vs. INDA.DE - Dividend Comparison
S7XE.DE has not paid dividends to shareholders, while INDA.DE's dividend yield for the trailing twelve months is around 5.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
INDA.DE Lyxor STOXX Europe 600 Banks UCITS ETF Dist | 5.05% | 5.42% | 5.93% | 1.58% | 5.04% | 3.76% | 1.42% | 4.45% | 4.56% |
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% |
Frequently Asked Questions
With a correlation of 0.96, S7XE.DE and INDA.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.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
S7XE.DE and INDA.DE have the same expense ratio: 0.30% per year.
S7XE.DE tracks EURO STOXX® Optimised Banks, while INDA.DE tracks STOXX® Europe 600 Banks. They also come from different issuers: Invesco and Amundi.
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