X7PP.L vs. XWFS.L
X7PP.L (Invesco European Banks Sector UCITS ETF) and XWFS.L (Xtrackers MSCI World Financials 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 3 years, X7PP.L returned 42.86%/yr vs 21.05%/yr for XWFS.L. A 0.64 correlation means they provide meaningful diversification when combined. X7PP.L charges 0.20%/yr vs 0.25%/yr for XWFS.L.
Performance
X7PP.L vs. XWFS.L - Performance Comparison
Loading charts...
Different Trading Currencies
X7PP.L is traded in GBp, while XWFS.L is traded in GBP. To make them comparable, the XWFS.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 5.21% return, which is significantly higher than XWFS.L's 0.60% 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%
XWFS.L
- 1D
- 2.05%
- 1M
- 2.74%
- YTD
- 0.60%
- 6M
- 4.10%
- 1Y
- 15.66%
- 3Y*
- 21.05%
- 5Y*
- —
- 10Y*
- —
X7PP.L vs. XWFS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
X7PP.L Invesco European Banks Sector UCITS ETF | 5.21% | 87.77% | 27.07% | 23.27% | 13.91% |
XWFS.L Xtrackers MSCI World Financials UCITS ETF 1C | 0.60% | 20.20% | 29.08% | 10.02% | -0.66% |
Correlation
The correlation between X7PP.L and XWFS.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2022 | 0.64 |
The correlation between X7PP.L and XWFS.L has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
X7PP.L vs. XWFS.L — Risk / Return Rank
X7PP.L
XWFS.L
X7PP.L vs. XWFS.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 World Financials UCITS ETF 1C (XWFS.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 | XWFS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.22 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 1.62 | +1.08 |
| Martin ratioReturn relative to average drawdown | 9.03 | 5.18 | +3.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| X7PP.L | XWFS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.24 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.85 | -0.43 |
Drawdowns
X7PP.L vs. XWFS.L - Drawdown Comparison
The maximum X7PP.L drawdown since its inception was -56.28%, which is greater than XWFS.L's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for X7PP.L and XWFS.L.
Loading charts...
Drawdown Indicators
| X7PP.L | XWFS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.28% | -16.47% | -39.81% |
Max Drawdown (1Y)Largest decline over 1 year | -15.94% | -9.64% | -6.30% |
Max Drawdown (3Y)Largest decline over 3 years | -18.17% | -16.47% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -30.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.28% | — | — |
Current DrawdownCurrent decline from peak | -1.64% | -0.92% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -15.39% | -4.11% | -11.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | 3.01% | +1.76% |
Volatility
X7PP.L vs. XWFS.L - Volatility Comparison
Invesco European Banks Sector UCITS ETF (X7PP.L) has a higher volatility of 6.19% compared to Xtrackers MSCI World Financials UCITS ETF 1C (XWFS.L) at 3.40%. This indicates that X7PP.L's price experiences larger fluctuations and is considered to be riskier than XWFS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| X7PP.L | XWFS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 3.40% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 17.80% | 9.82% | +7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.78% | 12.57% | +9.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.48% | 16.04% | +7.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.63% | 16.04% | +8.59% |
X7PP.L vs. XWFS.L - Expense Ratio Comparison
X7PP.L has a 0.20% expense ratio, which is lower than XWFS.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%.
Dividends
X7PP.L vs. XWFS.L - Dividend Comparison
Neither X7PP.L nor XWFS.L has paid dividends to shareholders.
Frequently Asked Questions
X7PP.L and XWFS.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X7PP.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X7PP.L is cheaper with a 0.20% expense ratio, compared with 0.25% for XWFS.L.
Both ETFs track MSCI World/Financials NR USD. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.20% for X7PP.L and 0.25% for XWFS.L.
Find the right allocation for X7PP.L and XWFS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer