S7XP.L vs. EXV1.DE
S7XP.L (Invesco EURO STOXX Optimised Banks UCITS ETF) and EXV1.DE (iShares STOXX Europe 600 Banks UCITS ETF (DE)) are both Financials Equities funds - S7XP.L tracks the MSCI World/Financials NR USD while EXV1.DE tracks the STOXX® Europe 600 Banks. Both are passively managed. Over the past 10 years, S7XP.L returned 15.50%/yr vs 15.34%/yr for EXV1.DE. Their correlation of 0.92 suggests significant overlap in exposure. S7XP.L charges 0.30%/yr vs 0.47%/yr for EXV1.DE.
Performance
S7XP.L vs. EXV1.DE - Performance Comparison
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Different Trading Currencies
S7XP.L is traded in GBp, while EXV1.DE is traded in EUR. To make them comparable, the EXV1.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, S7XP.L achieves a 4.29% return, which is significantly lower than EXV1.DE's 6.59% return. Both investments have delivered pretty close results over the past 10 years, with S7XP.L having a 15.50% annualized return and EXV1.DE not far behind at 15.34%.
S7XP.L
- 1D
- 0.77%
- 1M
- 6.44%
- YTD
- 4.29%
- 6M
- 10.76%
- 1Y
- 41.95%
- 3Y*
- 44.34%
- 5Y*
- 28.16%
- 10Y*
- 15.50%
EXV1.DE
- 1D
- 0.61%
- 1M
- 6.30%
- YTD
- 6.59%
- 6M
- 13.38%
- 1Y
- 44.87%
- 3Y*
- 42.61%
- 5Y*
- 28.10%
- 10Y*
- 15.34%
S7XP.L vs. EXV1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
S7XP.L Invesco EURO STOXX Optimised Banks UCITS ETF | 4.29% | 94.76% | 25.39% | 26.22% | 6.71% | 30.03% | -18.68% | 10.65% | -30.92% | 19.01% |
EXV1.DE iShares STOXX Europe 600 Banks UCITS ETF (DE) | 6.59% | 86.23% | 27.17% | 23.76% | 7.42% | 28.25% | -20.28% | 9.18% | -24.78% | 16.40% |
Correlation
The correlation between S7XP.L and EXV1.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2014 | 0.92 |
The correlation between S7XP.L and EXV1.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
S7XP.L vs. EXV1.DE — Risk / Return Rank
S7XP.L
EXV1.DE
S7XP.L vs. EXV1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP.L) and iShares STOXX Europe 600 Banks UCITS ETF (DE) (EXV1.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.
| S7XP.L | EXV1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.86 | -0.42 |
| Martin ratioReturn relative to average drawdown | 8.05 | 10.03 | -1.99 |
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
| S7XP.L | EXV1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 2.06 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 1.22 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.63 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.11 | +0.26 |
Drawdowns
S7XP.L vs. EXV1.DE - Drawdown Comparison
The maximum S7XP.L drawdown since its inception was -62.98%, smaller than the maximum EXV1.DE drawdown of -75.34%. Use the drawdown chart below to compare losses from any high point for S7XP.L and EXV1.DE.
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Drawdown Indicators
| S7XP.L | EXV1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.98% | -75.34% | +12.36% |
Max Drawdown (1Y)Largest decline over 1 year | -17.10% | -15.61% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -18.26% | -18.49% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -35.01% | -29.36% | -5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -62.98% | -55.58% | -7.40% |
Current DrawdownCurrent decline from peak | -1.85% | -1.06% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -19.23% | -42.39% | +23.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 4.46% | +0.74% |
Volatility
S7XP.L vs. EXV1.DE - Volatility Comparison
Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP.L) has a higher volatility of 6.49% compared to iShares STOXX Europe 600 Banks UCITS ETF (DE) (EXV1.DE) at 5.58%. This indicates that S7XP.L's price experiences larger fluctuations and is considered to be riskier than EXV1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| S7XP.L | EXV1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 5.58% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 18.61% | 17.84% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.31% | 21.68% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.83% | 22.77% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.92% | 24.31% | +3.61% |
S7XP.L vs. EXV1.DE - Expense Ratio Comparison
S7XP.L has a 0.30% expense ratio, which is lower than EXV1.DE's 0.47% expense ratio.
Dividends
S7XP.L vs. EXV1.DE - Dividend Comparison
S7XP.L has not paid dividends to shareholders, while EXV1.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXV1.DE iShares STOXX Europe 600 Banks UCITS ETF (DE) | 3.59% | 3.63% | 5.51% | 4.53% | 6.37% | 1.06% | 1.52% | 4.31% | 4.03% | 6.01% | 3.49% | 3.41% |
S7XP.L 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 0.94, S7XP.L and EXV1.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, S7XP.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
S7XP.L is cheaper with a 0.30% expense ratio, compared with 0.47% for EXV1.DE.
S7XP.L tracks MSCI World/Financials NR USD, while EXV1.DE tracks STOXX® Europe 600 Banks. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for S7XP.L and 0.47% for EXV1.DE.
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