X7PP.L vs. HERG.L

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco European Banks Sector UCITS ETF (X7PP.L) and Global X Video Games & Esports UCITS ETF Dist GBP (HERG.L).

X7PP.L and HERG.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. HERG.L is a passively managed fund by Global X that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Dec 18, 2020. Both X7PP.L and HERG.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.

Performance

X7PP.L vs. HERG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco European Banks Sector UCITS ETF (X7PP.L) and Global X Video Games & Esports UCITS ETF Dist GBP (HERG.L). The values are adjusted to include any dividend payments, if applicable.

X7PP.L vs. HERG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
X7PP.L Invesco European Banks Sector UCITS ETF	-3.65%	87.77%	27.07%	23.27%	6.04%	29.16%	-0.94%
HERG.L Global X Video Games & Esports UCITS ETF Dist GBP	-10.54%	15.10%	20.65%	0.14%	-27.54%	-8.40%	-0.53%

Different Trading Currencies

X7PP.L is traded in GBp, while HERG.L is traded in GBP. To make them comparable, the HERG.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, X7PP.L achieves a -3.65% return, which is significantly higher than HERG.L's -10.54% return.

X7PP.L

• 1D: 4.40%
• 1M: -3.71%
• YTD: -3.65%
• 6M: 9.91%
• 1Y: 41.89%
• 3Y*: 39.76%
• 5Y*: 27.85%
• 10Y*: 14.25%

HERG.L

• 1D: 1.37%
• 1M: -2.30%
• YTD: -10.54%
• 6M: -20.94%
• 1Y: 0.47%
• 3Y*: 5.70%
• 5Y*: -3.95%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

X7PP.L vs. HERG.L - Expense Ratio Comparison

X7PP.L has a 0.20% expense ratio, which is lower than HERG.L's 0.50% expense ratio.

HERG.L

Global X Video Games & Esports UCITS ETF Dist GBP

X7PP.L

Invesco European Banks Sector UCITS ETF

Return for Risk

X7PP.L vs. HERG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

X7PP.L

X7PP.L Risk / Return Rank: 82
X7PP.L Sharpe Ratio Rank: 85
X7PP.L Sortino Ratio Rank: 82
X7PP.L Omega Ratio Rank: 78
X7PP.L Calmar Ratio Rank: 85
X7PP.L Martin Ratio Rank: 81

HERG.L

HERG.L Risk / Return Rank: 12
HERG.L Sharpe Ratio Rank: 12
HERG.L Sortino Ratio Rank: 12
HERG.L Omega Ratio Rank: 12
HERG.L Calmar Ratio Rank: 12
HERG.L Martin Ratio Rank: 12

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.

X7PP.L vs. HERG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco European Banks Sector UCITS ETF (X7PP.L) and Global X Video Games & Esports UCITS ETF Dist GBP (HERG.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.

	X7PP.L	HERG.L	Difference
Sharpe ratio Return per unit of total volatility	1.76	0.03	+1.73
Sortino ratio Return per unit of downside risk	2.23	0.16	+2.07
Omega ratio Gain probability vs. loss probability	1.31	1.02	+0.29
Calmar ratio Return relative to maximum drawdown	2.64	-0.01	+2.65
Martin ratio Return relative to average drawdown	9.39	-0.04	+9.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

X7PP.L vs. HERG.L - Sharpe Ratio Comparison

The current X7PP.L Sharpe Ratio is 1.76, which is higher than the HERG.L Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of X7PP.L and HERG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	X7PP.L	HERG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	0.03	+1.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.19	-0.19	+1.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	-0.18	+0.57

Correlation

The correlation between X7PP.L and HERG.L is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

X7PP.L vs. HERG.L - Dividend Comparison

X7PP.L has not paid dividends to shareholders, while HERG.L's dividend yield for the trailing twelve months is around 0.93%.

	TTM	2025	2024	2023	2022	2021
X7PP.L Invesco European Banks Sector UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HERG.L Global X Video Games & Esports UCITS ETF Dist GBP	0.93%	0.24%	0.37%	0.00%	0.01%	0.07%

Drawdowns

X7PP.L vs. HERG.L - Drawdown Comparison

The maximum X7PP.L drawdown since its inception was -56.28%, which is greater than HERG.L's maximum drawdown of -48.02%. Use the drawdown chart below to compare losses from any high point for X7PP.L and HERG.L.

Drawdown Indicators

	X7PP.L	HERG.L	Difference
Max Drawdown Largest peak-to-trough decline	-56.28%	-48.02%	-8.26%
Max Drawdown (1Y) Largest decline over 1 year	-15.94%	-24.96%	+9.02%
Max Drawdown (5Y) Largest decline over 5 years	-30.79%	-41.92%	+11.13%
Max Drawdown (10Y) Largest decline over 10 years	-56.28%	—	—
Current Drawdown Current decline from peak	-9.93%	-29.69%	+19.76%
Average Drawdown Average peak-to-trough decline	-15.54%	-30.34%	+14.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.48%	9.79%	-5.31%

Volatility

X7PP.L vs. HERG.L - Volatility Comparison

Invesco European Banks Sector UCITS ETF (X7PP.L) has a higher volatility of 9.46% compared to Global X Video Games & Esports UCITS ETF Dist GBP (HERG.L) at 7.55%. This indicates that X7PP.L's price experiences larger fluctuations and is considered to be riskier than HERG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	X7PP.L	HERG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.46%	7.55%	+1.91%
Volatility (6M) Calculated over the trailing 6-month period	16.57%	13.74%	+2.83%
Volatility (1Y) Calculated over the trailing 1-year period	23.74%	18.52%	+5.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.30%	20.27%	+3.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.65%	20.44%	+4.21%