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S7XP.L vs. SPMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

S7XP.L vs. SPMO

Last updated Jun 5, 2026

S7XP.L (Invesco EURO STOXX Optimised Banks UCITS ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - S7XP.L is a Financials Equities fund tracking the MSCI World/Financials NR USD, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. Both are passively managed. Over the past 10 years, S7XP.L returned 15.50%/yr vs 21.67%/yr for SPMO. At a 0.16 correlation, their price movements are largely independent. S7XP.L charges 0.30%/yr vs 0.13%/yr for SPMO.

Performance

S7XP.L vs. SPMO - 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 S&P 500 Momentum ETF (SPMO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

S7XP.L is traded in GBp, while SPMO is traded in USD. To make them comparable, the SPMO 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 SPMO's 28.97% return. Over the past 10 years, S7XP.L has underperformed SPMO with an annualized return of 15.50%, while SPMO has yielded a comparatively higher 21.67% annualized 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%

SPMO

1D
-1.46%
1M
11.86%
YTD
28.97%
6M
26.62%
1Y
45.32%
3Y*
38.70%
5Y*
25.26%
10Y*
21.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

S7XP.L vs. SPMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
SPMO
Invesco S&P 500 Momentum ETF		28.97%17.56%48.36%11.68%0.20%23.81%24.49%21.14%4.96%16.71%

Correlation

The correlation between S7XP.L and SPMO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.14

Correlation (5Y)
Calculated over the trailing 5-year period

0.19

Correlation (10Y)
Calculated over the trailing 10-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Oct 13, 2015

0.16

The correlation between S7XP.L and SPMO shifts across timeframes, from 0.14 (3 years) to 0.31 (1 year), reflecting how their relationship changes across market environments.

S7XP.L vs. SPMO - Sectors Allocation Comparison

Sectors
S7XP.L
SPMO

Financial Services

100.0%
5.9%

Basic Materials

-

1.6%

Communication Services

-

9.2%

Consumer Cyclical

-

1.3%

Consumer Defensive

-

4.3%

Energy

-

3.4%

Healthcare

-

6.7%

Industrials

-

11.3%

Real Estate

-

1.0%

Technology

-

52.6%

Utilities

-

2.8%

Financial Services

S7XP.L
100.0%
SPMO
5.9%

Basic Materials

S7XP.L

-

SPMO
1.6%

Communication Services

S7XP.L

-

SPMO
9.2%

Consumer Cyclical

S7XP.L

-

SPMO
1.3%

Consumer Defensive

S7XP.L

-

SPMO
4.3%

Energy

S7XP.L

-

SPMO
3.4%

Healthcare

S7XP.L

-

SPMO
6.7%

Industrials

S7XP.L

-

SPMO
11.3%

Real Estate

S7XP.L

-

SPMO
1.0%

Technology

S7XP.L

-

SPMO
52.6%

Utilities

S7XP.L

-

SPMO
2.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco EURO STOXX Optimised Banks UCITS ETF

Invesco S&P 500 Momentum ETF

Often compared with S7XP.L:
S7XP.L vs. X7PP.LS7XP.L vs. TDGB.LS7XP.L vs. LDEG.LS7XP.L vs. FLXD.LS7XP.L vs. IEDL.LS7XP.L vs. UB17.LS7XP.L vs. XWFS.L
Often compared with SPMO:
SPMO vs. VOOSPMO vs. QQQSPMO vs. SCHGSPMO vs. MTUMSPMO vs. VUGSPMO vs. VFMOSPMO vs. XMMO

Return for Risk

S7XP.L vs. SPMO — 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: 5050
Overall Rank
S7XP.L Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
S7XP.L Sortino Ratio Rank: 5151
Sortino Ratio Rank
S7XP.L Omega Ratio Rank: 4848
Omega Ratio Rank
S7XP.L Calmar Ratio Rank: 5050
Calmar Ratio Rank
S7XP.L Martin Ratio Rank: 4949
Martin Ratio Rank
SPMO
SPMO Risk / Return Rank: 7575
Overall Rank
SPMO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
SPMO Sortino Ratio Rank: 7676
Sortino Ratio Rank
SPMO Omega Ratio Rank: 7575
Omega Ratio Rank
SPMO Calmar Ratio Rank: 7171
Calmar Ratio Rank
SPMO Martin Ratio Rank: 7373
Martin Ratio Rank
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. SPMO - 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 S&P 500 Momentum ETF (SPMO). 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.LSPMODifference
Sharpe ratioReturn per unit of total volatility
1.79
2.68

-0.89

Sortino ratioReturn per unit of downside risk
2.46
3.48

-1.02

Omega ratioGain probability vs. loss probability

1.30

1.47

-0.17

Calmar ratioReturn relative to maximum drawdown

2.44

3.61

-1.17

Martin ratioReturn relative to average drawdown

8.05

11.17

-3.13

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. SPMO - Sharpe Ratio Comparison

The current S7XP.L Sharpe Ratio is 1.79, which is lower than the SPMO Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of S7XP.L and SPMO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

S7XP.LSPMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.79

2.68

-0.89

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.09

1.36

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

1.04

-0.49

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

1.05

-0.68

Drawdowns

S7XP.L vs. SPMO - Drawdown Comparison

The maximum S7XP.L drawdown since its inception was -62.98%, which is greater than SPMO's maximum drawdown of -25.97%. Use the drawdown chart below to compare losses from any high point for S7XP.L and SPMO.

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Drawdown Indicators

S7XP.LSPMODifference

Max Drawdown

Largest peak-to-trough decline

-62.98%

-25.97%

-37.01%

Max Drawdown (1Y)

Largest decline over 1 year

-17.10%

-12.62%

-4.48%

Max Drawdown (3Y)

Largest decline over 3 years

-18.26%

-23.01%

+4.75%

Max Drawdown (5Y)

Largest decline over 5 years

-35.01%

-23.01%

-12.00%

Max Drawdown (10Y)

Largest decline over 10 years

-62.98%

-25.97%

-37.01%

Current Drawdown

Current decline from peak

-1.85%

-1.46%

-0.39%

Average Drawdown

Average peak-to-trough decline

-19.23%

-4.14%

-15.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.20%

4.07%

+1.13%

Volatility

S7XP.L vs. SPMO - Volatility Comparison

The current volatility for Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP.L) is 6.49%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 6.92%. This indicates that S7XP.L experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

S7XP.LSPMODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.49%

6.92%

-0.43%

Volatility (6M)

Calculated over the trailing 6-month period

18.61%

13.27%

+5.34%

Volatility (1Y)

Calculated over the trailing 1-year period

23.31%

16.99%

+6.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.83%

18.63%

+7.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.92%

20.82%

+7.10%

S7XP.L vs. SPMO - Expense Ratio Comparison

S7XP.L has a 0.30% expense ratio, which is higher than SPMO's 0.13% expense ratio.

Dividends

S7XP.L vs. SPMO - Dividend Comparison

S7XP.L has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.66%.

PositionTTM20252024202320222021202020192018201720162015
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%
SPMO
Invesco S&P 500 Momentum ETF		0.66%0.73%0.48%1.63%1.66%0.52%1.27%1.39%1.05%0.77%1.94%0.36%

Frequently Asked Questions

S7XP.L and SPMO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPMO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPMO is cheaper with a 0.13% expense ratio, compared with 0.30% for S7XP.L.

S7XP.L is categorized as Financials Equities, while SPMO is Momentum. S7XP.L tracks MSCI World/Financials NR USD, while SPMO tracks S&P 500 Momentum Index. Their fees differ too: 0.30% for S7XP.L and 0.13% for SPMO.

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