X7PS.L vs. BGX.L
X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)) and BGX.L (Expat Bulgaria SOFIX UCITS ETF) are both Europe Equities funds - X7PS.L tracks the STOXX Europe 600 Optimised Banks Index (EUR) while BGX.L tracks the SOFIX Index. Both are passively managed. Over the past 5 years, X7PS.L returned 31.77%/yr vs 12.53%/yr for BGX.L. At a 0.10 correlation, their price movements are largely independent.
Performance
X7PS.L vs. BGX.L - Performance Comparison
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Returns By Period
In the year-to-date period, X7PS.L achieves a 16.55% return, which is significantly higher than BGX.L's 6.96% return.
X7PS.L
- 1D
- -1.11%
- 1M
- 1.77%
- 6M
- 12.78%
- YTD
- 16.55%
- 1Y
- 50.38%
- 3Y*
- 43.64%
- 5Y*
- 31.77%
- 10Y*
- 16.22%
BGX.L
- 1D
- 0.99%
- 1M
- -0.28%
- 6M
- -12.46%
- YTD
- 6.96%
- 1Y
- 18.26%
- 3Y*
- 19.95%
- 5Y*
- 12.53%
- 10Y*
- —
X7PS.L vs. BGX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) | 16.55% | 78.30% | 33.17% | 25.70% | 0.44% | 38.22% | -22.81% | 13.99% | -15.67% |
BGX.L Expat Bulgaria SOFIX UCITS ETF | 6.96% | 26.55% | 14.63% | 18.28% | -9.77% | 33.45% | -18.72% | -10.38% | -6.25% |
Correlation
The correlation between X7PS.L and BGX.L is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2018 | 0.10 |
The correlation between X7PS.L and BGX.L shifts across timeframes, from -0.04 (1 year) to 0.13 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
X7PS.L vs. BGX.L — Risk / Return Rank
X7PS.L
BGX.L
X7PS.L vs. BGX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L) and Expat Bulgaria SOFIX UCITS ETF (BGX.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.
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.
| X7PS.L | BGX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.27 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 1.13 | +1.91 |
| Martin ratioReturn relative to average drawdown | 10.00 | 2.15 | +7.85 |
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Drawdowns
X7PS.L vs. BGX.L - Drawdown Comparison
The maximum X7PS.L drawdown since its inception was -60.64%, which is greater than BGX.L's maximum drawdown of -36.41%. Use the drawdown chart below to compare losses from any high point for X7PS.L and BGX.L.
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Drawdown Indicators
| X7PS.L | BGX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.64% | -36.41% | -24.23% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -16.13% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -16.13% | -4.01% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | -17.72% | -11.98% |
Max Drawdown (10Y)Largest decline over 10 years | -56.51% | — | — |
Current DrawdownCurrent decline from peak | -2.10% | -12.52% | +10.42% |
Average DrawdownAverage peak-to-trough decline | -17.84% | -12.33% | -5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 8.49% | -3.47% |
Volatility
X7PS.L vs. BGX.L - Volatility Comparison
Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L) has a higher volatility of 5.59% compared to Expat Bulgaria SOFIX UCITS ETF (BGX.L) at 2.12%. This indicates that X7PS.L's price experiences larger fluctuations and is considered to be riskier than BGX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X7PS.L | BGX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 2.12% | +3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 18.93% | 7.87% | +11.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.42% | 13.97% | +8.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 13.89% | +9.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.86% | 14.33% | +10.53% |
Dividends
X7PS.L vs. BGX.L - Dividend Comparison
Neither X7PS.L nor BGX.L has paid dividends to shareholders.
Frequently Asked Questions
X7PS.L and BGX.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
X7PS.L tracks STOXX Europe 600 Optimised Banks Index (EUR), while BGX.L tracks SOFIX Index. They also come from different issuers: Invesco and Expat.
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