S7XP.L vs. WDFE.L
S7XP.L (Invesco EURO STOXX Optimised Banks UCITS ETF) and WDFE.L (Invesco S&P World Financials ESG UCITS ETF Acc) are both Financials Equities funds from Invesco - S7XP.L tracks the MSCI World/Financials NR USD while WDFE.L tracks the S&P World ESG Enhanced Financials Index. Both are passively managed. Over the past 3 years, S7XP.L returned 44.34%/yr vs 20.32%/yr for WDFE.L. A 0.61 correlation means they provide meaningful diversification when combined. S7XP.L charges 0.30%/yr vs 0.18%/yr for WDFE.L.
Performance
S7XP.L vs. WDFE.L - Performance Comparison
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Different Trading Currencies
S7XP.L is traded in GBp, while WDFE.L is traded in USD. To make them comparable, the WDFE.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 higher than WDFE.L's 0.91% 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%
WDFE.L
- 1D
- 1.84%
- 1M
- 2.58%
- YTD
- 0.91%
- 6M
- 4.82%
- 1Y
- 13.36%
- 3Y*
- 20.32%
- 5Y*
- —
- 10Y*
- —
S7XP.L vs. WDFE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
S7XP.L Invesco EURO STOXX Optimised Banks UCITS ETF | 4.29% | 94.76% | 25.39% | 13.85% |
WDFE.L Invesco S&P World Financials ESG UCITS ETF Acc | 0.91% | 17.98% | 27.97% | 12.47% |
Correlation
The correlation between S7XP.L and WDFE.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023 | 0.61 |
The correlation between S7XP.L and WDFE.L has been stable across timeframes, ranging from 0.60 to 0.63 - a consistent structural relationship.
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Return for Risk
S7XP.L vs. WDFE.L — Risk / Return Rank
S7XP.L
WDFE.L
S7XP.L vs. WDFE.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 S&P World Financials ESG UCITS ETF Acc (WDFE.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 | WDFE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.18 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.47 | +0.97 |
| Martin ratioReturn relative to average drawdown | 8.05 | 4.80 | +3.24 |
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 | WDFE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.99 | +0.80 |
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 | 1.28 | -0.92 |
Drawdowns
S7XP.L vs. WDFE.L - Drawdown Comparison
The maximum S7XP.L drawdown since its inception was -62.98%, which is greater than WDFE.L's maximum drawdown of -16.32%. Use the drawdown chart below to compare losses from any high point for S7XP.L and WDFE.L.
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Drawdown Indicators
| S7XP.L | WDFE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.98% | -16.32% | -46.66% |
Max Drawdown (1Y)Largest decline over 1 year | -17.10% | -9.07% | -8.03% |
Max Drawdown (3Y)Largest decline over 3 years | -18.26% | -16.32% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -35.01% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -62.98% | — | — |
Current DrawdownCurrent decline from peak | -1.85% | -0.61% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -19.23% | -2.16% | -17.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 2.77% | +2.43% |
Volatility
S7XP.L vs. WDFE.L - Volatility Comparison
Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP.L) has a higher volatility of 6.49% compared to Invesco S&P World Financials ESG UCITS ETF Acc (WDFE.L) at 3.68%. This indicates that S7XP.L's price experiences larger fluctuations and is considered to be riskier than WDFE.L 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 | WDFE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 3.68% | +2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 18.61% | 10.61% | +8.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.31% | 13.42% | +9.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.83% | 14.61% | +11.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.92% | 14.61% | +13.31% |
S7XP.L vs. WDFE.L - Expense Ratio Comparison
S7XP.L has a 0.30% expense ratio, which is higher than WDFE.L's 0.18% expense ratio.
Dividends
S7XP.L vs. WDFE.L - Dividend Comparison
Neither S7XP.L nor WDFE.L has paid dividends to shareholders.
Frequently Asked Questions
S7XP.L and WDFE.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WDFE.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WDFE.L is cheaper with a 0.18% expense ratio, compared with 0.30% for S7XP.L.
S7XP.L tracks MSCI World/Financials NR USD, while WDFE.L tracks S&P World ESG Enhanced Financials Index. Their fees differ too: 0.30% for S7XP.L and 0.18% for WDFE.L.
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