X7PP.L vs. XS7R.L

Last updated Jun 5, 2026

X7PP.L (Invesco European Banks Sector UCITS ETF) and XS7R.L (Xtrackers MSCI Europe Financials ESG Screened UCITS ETF 1C) are both Financials Equities funds tracking the MSCI World/Financials NR USD, from Invesco and Xtrackers respectively. Both are passively managed. Over the past 10 years, X7PP.L returned 14.91%/yr vs 10.57%/yr for XS7R.L. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

X7PP.L vs. XS7R.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 Xtrackers MSCI Europe Financials ESG Screened UCITS ETF 1C (XS7R.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, X7PP.L achieves a 5.21% return, which is significantly higher than XS7R.L's 2.58% return. Over the past 10 years, X7PP.L has outperformed XS7R.L with an annualized return of 14.91%, while XS7R.L has yielded a comparatively lower 10.57% annualized return.

X7PP.L

• 1D: 0.44%
• 1M: 6.36%
• YTD: 5.21%
• 6M: 11.61%
• 1Y: 43.21%
• 3Y*: 42.86%
• 5Y*: 27.44%
• 10Y*: 14.91%

XS7R.L

• 1D: 0.42%
• 1M: 3.51%
• YTD: 2.58%
• 6M: 9.20%
• 1Y: 21.96%
• 3Y*: 26.51%
• 5Y*: 17.60%
• 10Y*: 10.57%

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

X7PP.L vs. XS7R.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
X7PP.L Invesco European Banks Sector UCITS ETF	5.21%	87.77%	27.07%	23.27%	6.04%	29.16%	-18.50%	8.33%	-25.45%	15.44%
XS7R.L Xtrackers MSCI Europe Financials ESG Screened UCITS ETF 1C	2.58%	47.44%	18.33%	20.38%	3.19%	27.29%	-19.81%	7.94%	-24.58%	16.49%

Correlation

The correlation between X7PP.L and XS7R.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jul 1, 2014	0.93

The correlation between X7PP.L and XS7R.L has been stable across timeframes, ranging from 0.84 to 0.93 - a consistent structural relationship.

X7PP.L vs. XS7R.L - Sectors Allocation Comparison

Sectors	X7PP.L	XS7R.L
Financial Services	100.0%	97.1%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	0.3%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	1.1%
Real Estate	-	-
Technology	-	1.8%
Utilities	-	-

Return for Risk

X7PP.L vs. XS7R.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: 56
X7PP.L Sharpe Ratio Rank: 60
X7PP.L Sortino Ratio Rank: 57
X7PP.L Omega Ratio Rank: 54
X7PP.L Calmar Ratio Rank: 56
X7PP.L Martin Ratio Rank: 54

XS7R.L

XS7R.L Risk / Return Rank: 39
XS7R.L Sharpe Ratio Rank: 38
XS7R.L Sortino Ratio Rank: 37
XS7R.L Omega Ratio Rank: 37
XS7R.L Calmar Ratio Rank: 40
XS7R.L Martin Ratio Rank: 42

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. XS7R.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 Xtrackers MSCI Europe Financials ESG Screened UCITS ETF 1C (XS7R.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	XS7R.L	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.35	+0.63
Sortino ratio: Return per unit of downside risk	2.68	1.88	+0.79
Omega ratio: Gain probability vs. loss probability	1.33	1.24	+0.09
Calmar ratio: Return relative to maximum drawdown	2.70	1.93	+0.77
Martin ratio: Return relative to average drawdown	9.03	6.59	+2.44
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. XS7R.L - Sharpe Ratio Comparison

The current X7PP.L Sharpe Ratio is 1.98, which is higher than the XS7R.L Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of X7PP.L and XS7R.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	X7PP.L	XS7R.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	1.35	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.17	0.99	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.49	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.10	+0.32

Drawdowns

X7PP.L vs. XS7R.L - Drawdown Comparison

The maximum X7PP.L drawdown since its inception was -56.28%, smaller than the maximum XS7R.L drawdown of -66.04%. Use the drawdown chart below to compare losses from any high point for X7PP.L and XS7R.L.

Drawdown Indicators

	X7PP.L	XS7R.L	Difference
Max Drawdown Largest peak-to-trough decline	-56.28%	-66.04%	+9.76%
Max Drawdown (1Y) Largest decline over 1 year	-15.94%	-11.33%	-4.61%
Max Drawdown (3Y) Largest decline over 3 years	-18.17%	-15.17%	-3.00%
Max Drawdown (5Y) Largest decline over 5 years	-30.79%	-23.60%	-7.19%
Max Drawdown (10Y) Largest decline over 10 years	-56.28%	-55.42%	-0.86%
Current Drawdown Current decline from peak	-1.64%	-2.39%	+0.75%
Average Drawdown Average peak-to-trough decline	-15.39%	-26.41%	+11.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.77%	3.32%	+1.45%

Volatility

X7PP.L vs. XS7R.L - Volatility Comparison

Invesco European Banks Sector UCITS ETF (X7PP.L) has a higher volatility of 6.19% compared to Xtrackers MSCI Europe Financials ESG Screened UCITS ETF 1C (XS7R.L) at 5.07%. This indicates that X7PP.L's price experiences larger fluctuations and is considered to be riskier than XS7R.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	X7PP.L	XS7R.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	5.07%	+1.12%
Volatility (6M) Calculated over the trailing 6-month period	17.80%	13.42%	+4.38%
Volatility (1Y) Calculated over the trailing 1-year period	21.78%	16.25%	+5.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.48%	18.86%	+4.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.63%	22.52%	+2.11%

X7PP.L vs. XS7R.L - Expense Ratio Comparison

Both X7PP.L and XS7R.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

X7PP.L vs. XS7R.L - Dividend Comparison

Neither X7PP.L nor XS7R.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both X7PP.L and XS7R.L in my portfolio?

X7PP.L and XS7R.L have a correlation of 0.90, 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 XS7R.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, X7PP.L or XS7R.L?

X7PP.L and XS7R.L have the same expense ratio: 0.20% per year.

What is the main difference between X7PP.L and XS7R.L?

Both ETFs track MSCI World/Financials NR USD. They also come from different issuers: Invesco and Xtrackers.