S7XE.DE vs. PSWD.DE
S7XE.DE (Invesco EURO STOXX Optimised Banks UCITS ETF) and PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) are both exchange-traded funds - S7XE.DE is a Financials Equities fund tracking the EURO STOXX® Optimised Banks, while PSWD.DE is a Global Equities fund tracking the FTSE RAFI All-World 3000. Both are passively managed. Over the past 10 years, S7XE.DE returned 14.41%/yr vs 11.86%/yr for PSWD.DE. A 0.57 correlation means they provide meaningful diversification when combined. S7XE.DE charges 0.30%/yr vs 0.39%/yr for PSWD.DE.
Performance
S7XE.DE vs. PSWD.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 PSWD.DE's 16.46% return. Over the past 10 years, S7XE.DE has outperformed PSWD.DE with an annualized return of 14.41%, while PSWD.DE has yielded a comparatively lower 11.86% annualized 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%
PSWD.DE
- 1D
- -0.19%
- 1M
- 3.52%
- YTD
- 16.46%
- 6M
- 17.38%
- 1Y
- 33.03%
- 3Y*
- 18.93%
- 5Y*
- 13.34%
- 10Y*
- 11.86%
S7XE.DE vs. PSWD.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% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 16.46% | 14.64% | 17.68% | 12.73% | -3.63% | 31.90% | -3.90% | 26.32% | -9.60% | 5.60% |
Correlation
The correlation between S7XE.DE and PSWD.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2014 | 0.57 |
The correlation between S7XE.DE and PSWD.DE has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.
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Return for Risk
S7XE.DE vs. PSWD.DE — Risk / Return Rank
S7XE.DE
PSWD.DE
S7XE.DE vs. PSWD.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 RAFI All World 3000 UCITS ETF (PSWD.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 | PSWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.58 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 5.56 | -3.36 |
| Martin ratioReturn relative to average drawdown | 6.92 | 22.39 | -15.47 |
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 | PSWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 3.10 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 1.00 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.80 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.68 | -0.44 |
Drawdowns
S7XE.DE vs. PSWD.DE - Drawdown Comparison
The maximum S7XE.DE drawdown since its inception was -65.33%, which is greater than PSWD.DE's maximum drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for S7XE.DE and PSWD.DE.
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Drawdown Indicators
| S7XE.DE | PSWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.33% | -36.39% | -28.94% |
Max Drawdown (1Y)Largest decline over 1 year | -17.42% | -5.89% | -11.53% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | -18.19% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | -18.19% | -17.23% |
Max Drawdown (10Y)Largest decline over 10 years | -63.10% | -36.39% | -26.71% |
Current DrawdownCurrent decline from peak | -2.02% | -0.31% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -23.01% | -4.65% | -18.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 1.46% | +4.08% |
Volatility
S7XE.DE vs. PSWD.DE - Volatility Comparison
Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) has a higher volatility of 6.10% compared to Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) at 3.08%. This indicates that S7XE.DE's price experiences larger fluctuations and is considered to be riskier than PSWD.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 | PSWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 3.08% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 19.27% | 7.86% | +11.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.08% | 10.54% | +13.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 13.16% | +12.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.66% | 15.19% | +13.47% |
S7XE.DE vs. PSWD.DE - Expense Ratio Comparison
S7XE.DE has a 0.30% expense ratio, which is lower than PSWD.DE's 0.39% expense ratio.
Dividends
S7XE.DE vs. PSWD.DE - Dividend Comparison
S7XE.DE has not paid dividends to shareholders, while PSWD.DE's dividend yield for the trailing twelve months is around 1.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.75% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
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
S7XE.DE and PSWD.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.39% for PSWD.DE.
S7XE.DE is categorized as Financials Equities, while PSWD.DE is Global Equities. S7XE.DE tracks EURO STOXX® Optimised Banks, while PSWD.DE tracks FTSE RAFI All-World 3000. Their fees differ too: 0.30% for S7XE.DE and 0.39% for PSWD.DE.
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