S7XP.L vs. FTWG.L

Last updated Jun 5, 2026

S7XP.L (Invesco EURO STOXX Optimised Banks UCITS ETF) and FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) are both exchange-traded funds - S7XP.L is a Financials Equities fund tracking the MSCI World/Financials NR USD, while FTWG.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, S7XP.L returned 40.09% vs 30.02% for FTWG.L. At a 0.45 correlation, their price movements are largely independent. S7XP.L charges 0.30%/yr vs 0.15%/yr for FTWG.L.

Performance

S7XP.L vs. FTWG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, S7XP.L achieves a 4.29% return, which is significantly lower than FTWG.L's 11.87% return.

S7XP.L

• 1D: 0.77%
• 1M: 2.23%
• YTD: 4.29%
• 6M: 11.23%
• 1Y: 40.09%
• 3Y*: 44.34%
• 5Y*: 28.16%
• 10Y*: 15.50%

FTWG.L

• 1D: -0.03%
• 1M: 3.93%
• YTD: 11.87%
• 6M: 12.02%
• 1Y: 30.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

S7XP.L vs. FTWG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
S7XP.L Invesco EURO STOXX Optimised Banks UCITS ETF	4.29%	94.76%	25.39%	13.12%
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	11.87%	14.12%	19.92%	7.22%

Correlation

The correlation between S7XP.L and FTWG.L is 0.56, 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	0.56
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023	0.45

The correlation between S7XP.L and FTWG.L shifts across timeframes, from 0.45 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.

S7XP.L vs. FTWG.L - Sectors Allocation Comparison

Sectors	S7XP.L	FTWG.L
Financial Services	100.0%	16.4%
Basic Materials	-	3.9%
Communication Services	-	8.9%
Consumer Cyclical	-	9.4%
Consumer Defensive	-	5.0%
Energy	-	4.3%
Healthcare	-	7.6%
Industrials	-	11.0%
Real Estate	-	1.9%
Technology	-	29.1%
Utilities	-	2.6%

Return for Risk

S7XP.L vs. FTWG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

S7XP.L

S7XP.L Risk / Return Rank: 50
S7XP.L Sharpe Ratio Rank: 53
S7XP.L Sortino Ratio Rank: 51
S7XP.L Omega Ratio Rank: 48
S7XP.L Calmar Ratio Rank: 50
S7XP.L Martin Ratio Rank: 49

FTWG.L

FTWG.L Risk / Return Rank: 86
FTWG.L Sharpe Ratio Rank: 88
FTWG.L Sortino Ratio Rank: 88
FTWG.L Omega Ratio Rank: 89
FTWG.L Calmar Ratio Rank: 81
FTWG.L Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

S7XP.L vs. FTWG.L - 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 Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L). 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	FTWG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.92	-1.13
Sortino ratio: Return per unit of downside risk	2.46	4.01	-1.56
Omega ratio: Gain probability vs. loss probability	1.30	1.56	-0.26
Calmar ratio: Return relative to maximum drawdown	2.44	4.23	-1.78
Martin ratio: Return relative to average drawdown	8.05	17.22	-9.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

S7XP.L vs. FTWG.L - Sharpe Ratio Comparison

The current S7XP.L Sharpe Ratio is 1.79, which is lower than the FTWG.L Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of S7XP.L and FTWG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	S7XP.L	FTWG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	2.92	-1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.09	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	1.55	-1.18

Drawdowns

S7XP.L vs. FTWG.L - Drawdown Comparison

The maximum S7XP.L drawdown since its inception was -62.98%, which is greater than FTWG.L's maximum drawdown of -17.78%. Use the drawdown chart below to compare losses from any high point for S7XP.L and FTWG.L.

Drawdown Indicators

	S7XP.L	FTWG.L	Difference
Max Drawdown Largest peak-to-trough decline	-62.98%	-17.78%	-45.20%
Max Drawdown (1Y) Largest decline over 1 year	-17.10%	-7.11%	-9.99%
Max Drawdown (3Y) Largest decline over 3 years	-18.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-62.98%	—	—
Current Drawdown Current decline from peak	-1.85%	-0.42%	-1.43%
Average Drawdown Average peak-to-trough decline	-19.23%	-1.99%	-17.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.20%	1.75%	+3.45%

Volatility

S7XP.L vs. FTWG.L - Volatility Comparison

Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP.L) has a higher volatility of 6.49% compared to Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) at 3.04%. This indicates that S7XP.L's price experiences larger fluctuations and is considered to be riskier than FTWG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	S7XP.L	FTWG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.49%	3.04%	+3.45%
Volatility (6M) Calculated over the trailing 6-month period	18.61%	7.59%	+11.02%
Volatility (1Y) Calculated over the trailing 1-year period	23.31%	10.28%	+13.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.83%	11.89%	+13.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.92%	11.89%	+16.03%

S7XP.L vs. FTWG.L - Expense Ratio Comparison

S7XP.L has a 0.30% expense ratio, which is higher than FTWG.L's 0.15% expense ratio.

Dividends

S7XP.L vs. FTWG.L - Dividend Comparison

S7XP.L has not paid dividends to shareholders, while FTWG.L's dividend yield for the trailing twelve months is around 1.22%.

Position	TTM	2025	2024	2023
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	1.22%	1.34%	1.50%	0.70%
S7XP.L Invesco EURO STOXX Optimised Banks UCITS ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both S7XP.L and FTWG.L in my portfolio?

S7XP.L and FTWG.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, S7XP.L or FTWG.L?

On fees, FTWG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, S7XP.L or FTWG.L?

FTWG.L is cheaper with a 0.15% expense ratio, compared with 0.30% for S7XP.L.

What is the main difference between S7XP.L and FTWG.L?

S7XP.L is categorized as Financials Equities, while FTWG.L is Global Equities. S7XP.L tracks MSCI World/Financials NR USD, while FTWG.L tracks FTSE All-World Index. Their fees differ too: 0.30% for S7XP.L and 0.15% for FTWG.L.