X7PP.L vs. CB5.L
Compare and contrast key facts about Invesco European Banks Sector UCITS ETF (X7PP.L) and Amundi ETF MSCI Europe Banks UCITS ETF (CB5.L).
X7PP.L and CB5.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. X7PP.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Financials NR USD. It was launched on Jul 7, 2009. CB5.L is a passively managed fund by Amundi that tracks the performance of the MSCI World/Financials NR USD. It was launched on Dec 4, 2008. Both X7PP.L and CB5.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: X7PP.L or CB5.L.
Key characteristics
| X7PP.L | CB5.L | |
|---|---|---|
| YTD Return | 21.03% | -70.64% |
| 1Y Return | 30.89% | -68.85% |
| 3Y Return (Ann) | 18.43% | -25.38% |
| 5Y Return (Ann) | 12.19% | -16.52% |
| 10Y Return (Ann) | 4.00% | -9.60% |
| Sharpe Ratio | 1.99 | -0.88 |
| Daily Std Dev | 16.72% | 77.25% |
| Max Drawdown | -56.28% | -77.77% |
| Current Drawdown | -3.25% | -76.21% |
Correlation
The correlation between X7PP.L and CB5.L is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
X7PP.L vs. CB5.L - Performance Comparison
In the year-to-date period, X7PP.L achieves a 21.03% return, which is significantly higher than CB5.L's -70.64% return. Over the past 10 years, X7PP.L has outperformed CB5.L with an annualized return of 4.00%, while CB5.L has yielded a comparatively lower -9.60% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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X7PP.L vs. CB5.L - Expense Ratio Comparison
X7PP.L has a 0.20% expense ratio, which is lower than CB5.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
X7PP.L vs. CB5.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Banks Sector UCITS ETF (X7PP.L) and Amundi ETF MSCI Europe Banks UCITS ETF (CB5.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.
Dividends
X7PP.L vs. CB5.L - Dividend Comparison
Neither X7PP.L nor CB5.L has paid dividends to shareholders.
Drawdowns
X7PP.L vs. CB5.L - Drawdown Comparison
The maximum X7PP.L drawdown since its inception was -56.28%, smaller than the maximum CB5.L drawdown of -77.77%. Use the drawdown chart below to compare losses from any high point for X7PP.L and CB5.L. For additional features, visit the drawdowns tool.
Volatility
X7PP.L vs. CB5.L - Volatility Comparison
Invesco European Banks Sector UCITS ETF (X7PP.L) and Amundi ETF MSCI Europe Banks UCITS ETF (CB5.L) have volatilities of 5.44% and 5.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.