S7XP.L vs. IGDA.L

Last updated Jun 5, 2026

S7XP.L (Invesco EURO STOXX Optimised Banks UCITS ETF) and IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) are both exchange-traded funds - S7XP.L is a Financials Equities fund tracking the MSCI World/Financials NR USD, while IGDA.L is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index. Both are passively managed. Over the past 3 years, S7XP.L returned 44.34%/yr vs 18.37%/yr for IGDA.L. At a 0.34 correlation, their price movements are largely independent. S7XP.L charges 0.30%/yr vs 0.40%/yr for IGDA.L.

Performance

S7XP.L vs. IGDA.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 Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

S7XP.L is traded in GBp, while IGDA.L is traded in USD. To make them comparable, the IGDA.L 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 IGDA.L's 16.03% return.

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%

IGDA.L

• 1D: 0.00%
• 1M: 7.78%
• YTD: 16.03%
• 6M: 15.65%
• 1Y: 36.74%
• 3Y*: 18.37%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
S7XP.L Invesco EURO STOXX Optimised Banks UCITS ETF	4.29%	94.76%	25.39%	26.22%	1.04%
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	15.51%	10.28%	20.00%	23.23%	-5.03%

Correlation

The correlation between S7XP.L and IGDA.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.34

The correlation between S7XP.L and IGDA.L shifts across timeframes, from 0.34 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.

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

Sectors	S7XP.L	IGDA.L
Financial Services	100.0%	2.1%
Basic Materials	-	4.7%
Communication Services	-	9.4%
Consumer Cyclical	-	10.8%
Consumer Defensive	-	4.7%
Energy	-	3.6%
Healthcare	-	11.3%
Industrials	-	10.8%
Real Estate	-	1.0%
Technology	-	41.4%
Utilities	-	0.3%

Return for Risk

S7XP.L vs. IGDA.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

IGDA.L

IGDA.L Risk / Return Rank: 76
IGDA.L Sharpe Ratio Rank: 77
IGDA.L Sortino Ratio Rank: 79
IGDA.L Omega Ratio Rank: 74
IGDA.L Calmar Ratio Rank: 73
IGDA.L Martin Ratio Rank: 79

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. IGDA.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 Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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	IGDA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.68	-0.88
Sortino ratio: Return per unit of downside risk	2.46	3.61	-1.15
Omega ratio: Gain probability vs. loss probability	1.30	1.48	-0.19
Calmar ratio: Return relative to maximum drawdown	2.44	5.08	-2.63
Martin ratio: Return relative to average drawdown	8.05	18.17	-10.13
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. IGDA.L - Sharpe Ratio Comparison

The current S7XP.L Sharpe Ratio is 1.79, which is lower than the IGDA.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of S7XP.L and IGDA.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	IGDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	2.68	-0.88
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	0.92	-0.55

Drawdowns

S7XP.L vs. IGDA.L - Drawdown Comparison

The maximum S7XP.L drawdown since its inception was -62.98%, which is greater than IGDA.L's maximum drawdown of -22.43%. Use the drawdown chart below to compare losses from any high point for S7XP.L and IGDA.L.

Drawdown Indicators

	S7XP.L	IGDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-62.98%	-22.43%	-40.55%
Max Drawdown (1Y) Largest decline over 1 year	-17.10%	-7.20%	-9.90%
Max Drawdown (3Y) Largest decline over 3 years	-18.26%	-22.43%	+4.17%
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%	-0.43%	-1.42%
Average Drawdown Average peak-to-trough decline	-19.23%	-3.93%	-15.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.20%	2.02%	+3.18%

Volatility

S7XP.L vs. IGDA.L - Volatility Comparison

Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP.L) has a higher volatility of 6.49% compared to Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) at 4.57%. This indicates that S7XP.L's price experiences larger fluctuations and is considered to be riskier than IGDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	S7XP.L	IGDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.49%	4.57%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	18.61%	10.31%	+8.30%
Volatility (1Y) Calculated over the trailing 1-year period	23.31%	13.67%	+9.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.83%	17.32%	+8.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.92%	17.32%	+10.60%

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

S7XP.L has a 0.30% expense ratio, which is lower than IGDA.L's 0.40% expense ratio.

Dividends

S7XP.L vs. IGDA.L - Dividend Comparison

Neither S7XP.L nor IGDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

S7XP.L and IGDA.L have a correlation of 0.48, 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 IGDA.L?

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.

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

S7XP.L is cheaper with a 0.30% expense ratio, compared with 0.40% for IGDA.L.

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

S7XP.L is categorized as Financials Equities, while IGDA.L is Global Equities. S7XP.L tracks MSCI World/Financials NR USD, while IGDA.L tracks Dow Jones Islamic Market Developed Markets Index. Their fees differ too: 0.30% for S7XP.L and 0.40% for IGDA.L.