UKDV.L vs. X7PS.L
UKDV.L (SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF) are both Europe Equities funds - UKDV.L tracks the FTSE AllSh TR GBP while X7PS.L tracks the Invesco STOXX Europe 600 Optimised Banks UCITS ETF. Both are passively managed. Over the past 10 years, UKDV.L returned 4.64%/yr vs 16.45%/yr for X7PS.L. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
UKDV.L vs. X7PS.L - Performance Comparison
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Different Trading Currencies
UKDV.L is traded in GBP, while X7PS.L is traded in EUR. To make them comparable, the X7PS.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, UKDV.L achieves a 10.78% return, which is significantly lower than X7PS.L's 14.56% return. Over the past 10 years, UKDV.L has underperformed X7PS.L with an annualized return of 4.64%, while X7PS.L has yielded a comparatively higher 16.45% annualized return.
UKDV.L
- 1D
- 0.23%
- 1M
- 4.74%
- 6M
- 8.36%
- YTD
- 10.78%
- 1Y
- 17.88%
- 3Y*
- 14.70%
- 5Y*
- 7.24%
- 10Y*
- 4.64%
X7PS.L
- 1D
- 0.00%
- 1M
- 4.26%
- 6M
- 11.91%
- YTD
- 14.56%
- 1Y
- 49.84%
- 3Y*
- 44.04%
- 5Y*
- 31.75%
- 10Y*
- 16.45%
UKDV.L vs. X7PS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UKDV.L SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 10.78% | 16.89% | 10.35% | 5.75% | -8.09% | 14.13% | -17.26% | 32.17% | -15.39% | 3.71% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF | 14.56% | 87.84% | 27.12% | 23.19% | 5.63% | 30.02% | -18.45% | 7.52% | -25.50% | 16.45% |
Correlation
The correlation between UKDV.L and X7PS.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2012 | 0.56 |
The correlation between UKDV.L and X7PS.L shifts across timeframes, from 0.44 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UKDV.L vs. X7PS.L — Risk / Return Rank
UKDV.L
X7PS.L
UKDV.L vs. X7PS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L) and Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UKDV.L | X7PS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.10 | -1.40 |
| Martin ratioReturn relative to average drawdown | 5.73 | 10.36 | -4.64 |
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Drawdowns
UKDV.L vs. X7PS.L - Drawdown Comparison
The maximum UKDV.L drawdown since its inception was -38.19%, smaller than the maximum X7PS.L drawdown of -56.34%. Use the drawdown chart below to compare losses from any high point for UKDV.L and X7PS.L.
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Drawdown Indicators
| UKDV.L | X7PS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.19% | -56.34% | +18.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | -16.07% | +5.59% |
Max Drawdown (3Y)Largest decline over 3 years | -13.06% | -18.22% | +5.16% |
Max Drawdown (5Y)Largest decline over 5 years | -18.56% | -30.73% | +12.17% |
Max Drawdown (10Y)Largest decline over 10 years | -38.19% | -56.34% | +18.15% |
Current DrawdownCurrent decline from peak | -0.60% | -1.80% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -7.61% | -14.49% | +6.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 4.81% | -1.70% |
Volatility
UKDV.L vs. X7PS.L - Volatility Comparison
The current volatility for SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L) is 3.64%, while Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L) has a volatility of 5.39%. This indicates that UKDV.L experiences smaller price fluctuations and is considered to be less risky than X7PS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UKDV.L | X7PS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 5.39% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.05% | 18.89% | -6.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.85% | 22.30% | -8.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 23.78% | -9.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.60% | 24.60% | -9.00% |
UKDV.L vs. X7PS.L - Expense Ratio Comparison
Both UKDV.L and X7PS.L have an expense ratio of 0.30%.
Dividends
UKDV.L vs. X7PS.L - Dividend Comparison
UKDV.L's dividend yield for the trailing twelve months is around 3.30%, while X7PS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UKDV.L SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 3.30% | 3.65% | 3.40% | 3.65% | 4.54% | 3.64% | 3.27% | 4.05% | 4.67% | 3.78% | 4.28% | 3.99% |
X7PS.L Invesco STOXX Europe 600 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% |
Frequently Asked Questions
UKDV.L and X7PS.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UKDV.L and X7PS.L have the same expense ratio: 0.30% per year.
UKDV.L tracks FTSE AllSh TR GBP, while X7PS.L tracks Invesco STOXX Europe 600 Optimised Banks UCITS ETF. They also come from different issuers: State Street and Invesco.
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