X7PP.L vs. LYP6.DE

Last updated Jun 14, 2026

X7PP.L (Invesco European Banks Sector UCITS ETF) and LYP6.DE (Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc) are both exchange-traded funds - X7PP.L is a Financials Equities fund tracking the MSCI World/Financials NR USD, while LYP6.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 10 years, X7PP.L returned 16.26%/yr vs 10.94%/yr for LYP6.DE. A 0.66 correlation means they provide meaningful diversification when combined. X7PP.L charges 0.20%/yr vs 0.07%/yr for LYP6.DE.

Performance

X7PP.L vs. LYP6.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco European Banks Sector UCITS ETF (X7PP.L) and Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc (LYP6.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

X7PP.L is traded in GBp, while LYP6.DE is traded in EUR. To make them comparable, the LYP6.DE values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with X7PP.L having a 7.48% return and LYP6.DE slightly higher at 7.81%. Over the past 10 years, X7PP.L has outperformed LYP6.DE with an annualized return of 16.26%, while LYP6.DE has yielded a comparatively lower 10.94% annualized return.

X7PP.L

• 1D: 4.06%
• 1M: 5.15%
• YTD: 7.48%
• 6M: 11.87%
• 1Y: 46.89%
• 3Y*: 43.37%
• 5Y*: 28.29%
• 10Y*: 16.26%

LYP6.DE

• 1D: 1.88%
• 1M: 2.03%
• YTD: 7.81%
• 6M: 9.68%
• 1Y: 21.17%
• 3Y*: 14.55%
• 5Y*: 9.93%
• 10Y*: 10.94%

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

X7PP.L vs. LYP6.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
X7PP.L Invesco European Banks Sector UCITS ETF	7.48%	87.77%	27.07%	23.27%	6.04%	29.16%	-18.50%	8.33%	-26.15%	16.53%
LYP6.DE Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc	7.81%	27.11%	3.53%	13.65%	-5.50%	16.00%	3.83%	21.90%	-10.03%	16.07%

Correlation

The correlation between X7PP.L and LYP6.DE is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jun 30, 2014	0.66

The correlation between X7PP.L and LYP6.DE has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.

Return for Risk

X7PP.L vs. LYP6.DE — 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: 66
X7PP.L Sharpe Ratio Rank: 72
X7PP.L Sortino Ratio Rank: 70
X7PP.L Omega Ratio Rank: 64
X7PP.L Calmar Ratio Rank: 64
X7PP.L Martin Ratio Rank: 60

LYP6.DE

LYP6.DE Risk / Return Rank: 47
LYP6.DE Sharpe Ratio Rank: 45
LYP6.DE Sortino Ratio Rank: 47
LYP6.DE Omega Ratio Rank: 47
LYP6.DE Calmar Ratio Rank: 45
LYP6.DE Martin Ratio Rank: 50

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. LYP6.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco European Banks Sector UCITS ETF (X7PP.L) and Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc (LYP6.DE). 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.

	X7PP.L	LYP6.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.59	+0.42
Sortino ratio: Return per unit of downside risk	2.75	2.29	+0.46
Omega ratio: Gain probability vs. loss probability	1.33	1.29	+0.04
Calmar ratio: Return relative to maximum drawdown	2.79	1.93	+0.86
Martin ratio: Return relative to average drawdown	9.30	7.10	+2.21

X7PP.L vs. LYP6.DE - Sharpe Ratio Comparison

The current X7PP.L Sharpe Ratio is 2.01, which is comparable to the LYP6.DE Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of X7PP.L and LYP6.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

X7PP.L vs. LYP6.DE - Drawdown Comparison

The maximum X7PP.L drawdown since its inception was -56.28%, which is greater than LYP6.DE's maximum drawdown of -27.65%. Use the drawdown chart below to compare losses from any high point for X7PP.L and LYP6.DE.

Drawdown Indicators

	X7PP.L	LYP6.DE	Difference
Max Drawdown Largest peak-to-trough decline	-56.28%	-27.65%	-28.63%
Max Drawdown (1Y) Largest decline over 1 year	-15.94%	-10.41%	-5.53%
Max Drawdown (3Y) Largest decline over 3 years	-18.17%	-13.78%	-4.39%
Max Drawdown (5Y) Largest decline over 5 years	-30.79%	-16.91%	-13.88%
Max Drawdown (10Y) Largest decline over 10 years	-56.28%	-27.65%	-28.63%
Current Drawdown Current decline from peak	0.00%	-0.17%	+0.17%
Average Drawdown Average peak-to-trough decline	-15.39%	-4.12%	-11.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.79%	2.84%	+1.95%

Volatility

X7PP.L vs. LYP6.DE - Volatility Comparison

Invesco European Banks Sector UCITS ETF (X7PP.L) has a higher volatility of 6.12% compared to Amundi Core STOXX Europe 600 (DR) UCITS ETF Acc (LYP6.DE) at 4.02%. This indicates that X7PP.L's price experiences larger fluctuations and is considered to be riskier than LYP6.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	X7PP.L	LYP6.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.12%	4.02%	+2.10%
Volatility (6M) Calculated over the trailing 6-month period	18.15%	10.72%	+7.43%
Volatility (1Y) Calculated over the trailing 1-year period	22.12%	12.65%	+9.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.54%	14.29%	+9.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.57%	15.20%	+9.37%

X7PP.L vs. LYP6.DE - Expense Ratio Comparison

X7PP.L has a 0.20% expense ratio, which is higher than LYP6.DE's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

X7PP.L vs. LYP6.DE - Dividend Comparison

Neither X7PP.L nor LYP6.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both X7PP.L and LYP6.DE in my portfolio?

X7PP.L and LYP6.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, X7PP.L or LYP6.DE?

On fees, LYP6.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, X7PP.L or LYP6.DE?

LYP6.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for X7PP.L.

What is the main difference between X7PP.L and LYP6.DE?

X7PP.L is categorized as Financials Equities, while LYP6.DE is Europe Equities. X7PP.L tracks MSCI World/Financials NR USD, while LYP6.DE tracks STOXX® Europe 600. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.20% for X7PP.L and 0.07% for LYP6.DE.