X7PP.L vs. SMGB.L
Compare and contrast key facts about Invesco European Banks Sector UCITS ETF (X7PP.L) and VanEck Semiconductor UCITS ETF (SMGB.L).
X7PP.L and SMGB.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. SMGB.L is a passively managed fund by VanEck that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Dec 1, 2020. Both X7PP.L and SMGB.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 SMGB.L.
Key characteristics
| X7PP.L | SMGB.L | |
|---|---|---|
| YTD Return | 22.64% | 23.70% |
| 1Y Return | 30.06% | 36.10% |
| 3Y Return (Ann) | 15.15% | 15.20% |
| Sharpe Ratio | 1.73 | 1.18 |
| Sortino Ratio | 2.28 | 1.66 |
| Omega Ratio | 1.31 | 1.21 |
| Calmar Ratio | 2.92 | 1.37 |
| Martin Ratio | 9.38 | 3.48 |
| Ulcer Index | 3.06% | 9.90% |
| Daily Std Dev | 16.59% | 29.04% |
| Max Drawdown | -56.28% | -35.48% |
| Current Drawdown | -3.96% | -14.21% |
Correlation
The correlation between X7PP.L and SMGB.L is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
X7PP.L vs. SMGB.L - Performance Comparison
The year-to-date returns for both investments are quite close, with X7PP.L having a 22.64% return and SMGB.L slightly higher at 23.70%. 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. SMGB.L - Expense Ratio Comparison
X7PP.L has a 0.20% expense ratio, which is lower than SMGB.L's 0.35% expense ratio.
Risk-Adjusted Performance
X7PP.L vs. SMGB.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 VanEck Semiconductor UCITS ETF (SMGB.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. SMGB.L - Dividend Comparison
Neither X7PP.L nor SMGB.L has paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
X7PP.L Invesco European Banks Sector UCITS ETF | 0.00% | 0.00% | 0.00% |
SMGB.L VanEck Semiconductor UCITS ETF | 0.00% | 0.00% | 0.44% |
Drawdowns
X7PP.L vs. SMGB.L - Drawdown Comparison
The maximum X7PP.L drawdown since its inception was -56.28%, which is greater than SMGB.L's maximum drawdown of -35.48%. Use the drawdown chart below to compare losses from any high point for X7PP.L and SMGB.L. For additional features, visit the drawdowns tool.
Volatility
X7PP.L vs. SMGB.L - Volatility Comparison
The current volatility for Invesco European Banks Sector UCITS ETF (X7PP.L) is 5.97%, while VanEck Semiconductor UCITS ETF (SMGB.L) has a volatility of 7.44%. This indicates that X7PP.L experiences smaller price fluctuations and is considered to be less risky than SMGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.