S7XP.L vs. SC0Y.DE
S7XP.L (Invesco EURO STOXX Optimised Banks UCITS ETF) and SC0Y.DE (Invesco European Insurance Sector UCITS ETF Acc) are both Financials Equities funds from Invesco - S7XP.L tracks the MSCI World/Financials NR USD while SC0Y.DE tracks the STOXX® Europe 600 Optimised Insurance. Both are passively managed. Over the past 10 years, S7XP.L returned 15.50%/yr vs 11.82%/yr for SC0Y.DE. A 0.69 correlation means they provide meaningful diversification when combined. S7XP.L charges 0.30%/yr vs 0.20%/yr for SC0Y.DE.
Performance
S7XP.L vs. SC0Y.DE - Performance Comparison
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Different Trading Currencies
S7XP.L is traded in GBp, while SC0Y.DE is traded in EUR. To make them comparable, the SC0Y.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 higher than SC0Y.DE's -3.58% return. Over the past 10 years, S7XP.L has outperformed SC0Y.DE with an annualized return of 15.50%, while SC0Y.DE has yielded a comparatively lower 11.82% annualized 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%
SC0Y.DE
- 1D
- 0.34%
- 1M
- -4.14%
- YTD
- -3.58%
- 6M
- 1.84%
- 1Y
- 4.91%
- 3Y*
- 18.05%
- 5Y*
- 14.00%
- 10Y*
- 11.82%
S7XP.L vs. SC0Y.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% |
SC0Y.DE Invesco European Insurance Sector UCITS ETF Acc | -3.58% | 36.04% | 16.97% | 10.60% | 8.41% | 11.49% | -5.03% | 22.89% | -6.55% | 14.84% |
Correlation
The correlation between S7XP.L and SC0Y.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 | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2014 | 0.69 |
The correlation between S7XP.L and SC0Y.DE shifts across timeframes, from 0.55 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
S7XP.L vs. SC0Y.DE — Risk / Return Rank
S7XP.L
SC0Y.DE
S7XP.L vs. SC0Y.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 Invesco European Insurance Sector UCITS ETF Acc (SC0Y.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 | SC0Y.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.07 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 0.65 | +1.79 |
| Martin ratioReturn relative to average drawdown | 8.05 | 1.54 | +6.51 |
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 | SC0Y.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.35 | +1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.09 | 0.83 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.62 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.52 | -0.16 |
Drawdowns
S7XP.L vs. SC0Y.DE - Drawdown Comparison
The maximum S7XP.L drawdown since its inception was -62.98%, which is greater than SC0Y.DE's maximum drawdown of -40.18%. Use the drawdown chart below to compare losses from any high point for S7XP.L and SC0Y.DE.
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Drawdown Indicators
| S7XP.L | SC0Y.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.98% | -40.18% | -22.80% |
Max Drawdown (1Y)Largest decline over 1 year | -17.10% | -8.00% | -9.10% |
Max Drawdown (3Y)Largest decline over 3 years | -18.26% | -10.18% | -8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -35.01% | -20.10% | -14.91% |
Max Drawdown (10Y)Largest decline over 10 years | -62.98% | -40.18% | -22.80% |
Current DrawdownCurrent decline from peak | -1.85% | -5.94% | +4.09% |
Average DrawdownAverage peak-to-trough decline | -19.23% | -6.92% | -12.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 3.39% | +1.81% |
Volatility
S7XP.L vs. SC0Y.DE - Volatility Comparison
Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP.L) has a higher volatility of 6.49% compared to Invesco European Insurance Sector UCITS ETF Acc (SC0Y.DE) at 4.48%. This indicates that S7XP.L's price experiences larger fluctuations and is considered to be riskier than SC0Y.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 | SC0Y.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 4.48% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 18.61% | 11.73% | +6.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.31% | 14.82% | +8.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.83% | 16.64% | +9.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.92% | 18.94% | +8.98% |
S7XP.L vs. SC0Y.DE - Expense Ratio Comparison
S7XP.L has a 0.30% expense ratio, which is higher than SC0Y.DE's 0.20% expense ratio.
Dividends
S7XP.L vs. SC0Y.DE - Dividend Comparison
Neither S7XP.L nor SC0Y.DE has paid dividends to shareholders.
Frequently Asked Questions
S7XP.L and SC0Y.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, SC0Y.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0Y.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for S7XP.L.
S7XP.L tracks MSCI World/Financials NR USD, while SC0Y.DE tracks STOXX® Europe 600 Optimised Insurance. Their fees differ too: 0.30% for S7XP.L and 0.20% for SC0Y.DE.
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