X7PS.L vs. EQGB.L

Last updated Jul 16, 2026

X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF) and EQGB.L (Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc) are both exchange-traded funds - X7PS.L is a Europe Equities fund tracking the Invesco STOXX Europe 600 Optimised Banks UCITS ETF, while EQGB.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, X7PS.L returned 32.08%/yr vs 14.35%/yr for EQGB.L. At a 0.41 correlation, their price movements are largely independent. X7PS.L charges 0.30%/yr vs 0.35%/yr for EQGB.L.

Performance

X7PS.L vs. EQGB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L) and Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

X7PS.L is traded in EUR, while EQGB.L is traded in GBp. To make them comparable, the EQGB.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with X7PS.L having a 17.93% return and EQGB.L slightly higher at 18.63%.

X7PS.L

• 1D: 0.13%
• 1M: 6.39%
• 6M: 14.44%
• YTD: 17.93%
• 1Y: 53.36%
• 3Y*: 44.72%
• 5Y*: 32.08%
• 10Y*: 16.30%

EQGB.L

• 1D: -0.05%
• 1M: -1.55%
• 6M: 17.98%
• YTD: 18.63%
• 1Y: 30.28%
• 3Y*: 23.68%
• 5Y*: 14.35%
• 10Y*: —

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

X7PS.L vs. EQGB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF	17.93%	78.30%	33.17%	25.70%	0.44%	38.22%	-22.81%	13.99%	-26.23%	-0.29%
EQGB.L Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc	18.63%	13.35%	32.20%	57.18%	-38.42%	35.99%	37.53%	50.86%	-3.62%	5.60%

Correlation

The correlation between X7PS.L and EQGB.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017	0.41

Return for Risk

X7PS.L vs. EQGB.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

X7PS.L

X7PS.L Risk / Return Rank: 82
X7PS.L Sharpe Ratio Rank: 90
X7PS.L Sortino Ratio Rank: 86
X7PS.L Omega Ratio Rank: 83
X7PS.L Calmar Ratio Rank: 78
X7PS.L Martin Ratio Rank: 73

EQGB.L

EQGB.L Risk / Return Rank: 58
EQGB.L Sharpe Ratio Rank: 58
EQGB.L Sortino Ratio Rank: 60
EQGB.L Omega Ratio Rank: 55
EQGB.L Calmar Ratio Rank: 59
EQGB.L Martin Ratio Rank: 58

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.

X7PS.L vs. EQGB.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L) and Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.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	EQGB.L	Difference
Sharpe ratio: Return per unit of total volatility	2.39	1.66	+0.73
Sortino ratio: Return per unit of downside risk	3.13	2.35	+0.78
Omega ratio: Gain probability vs. loss probability	1.39	1.29	+0.11
Calmar ratio: Return relative to maximum drawdown	3.24	2.65	+0.59
Martin ratio: Return relative to average drawdown	10.66	9.17	+1.49

X7PS.L vs. EQGB.L - Sharpe Ratio Comparison

The current X7PS.L Sharpe Ratio is 2.39, which is higher than the EQGB.L Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of X7PS.L and EQGB.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.

Drawdowns

X7PS.L vs. EQGB.L - Drawdown Comparison

The maximum X7PS.L drawdown since its inception was -60.64%, which is greater than EQGB.L's maximum drawdown of -39.99%. Use the drawdown chart below to compare losses from any high point for X7PS.L and EQGB.L.

Drawdown Indicators

	X7PS.L	EQGB.L	Difference
Max Drawdown Largest peak-to-trough decline	-60.64%	-39.99%	-20.65%
Max Drawdown (1Y) Largest decline over 1 year	-16.49%	-11.40%	-5.09%
Max Drawdown (3Y) Largest decline over 3 years	-20.14%	-25.38%	+5.24%
Max Drawdown (5Y) Largest decline over 5 years	-29.70%	-39.99%	+10.29%
Max Drawdown (10Y) Largest decline over 10 years	-56.51%	—	—
Current Drawdown Current decline from peak	-0.94%	-2.05%	+1.11%
Average Drawdown Average peak-to-trough decline	-17.85%	-8.32%	-9.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.02%	3.30%	+1.72%

Volatility

X7PS.L vs. EQGB.L - Volatility Comparison

The current volatility for Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L) is 5.45%, while Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L) has a volatility of 5.85%. This indicates that X7PS.L experiences smaller price fluctuations and is considered to be less risky than EQGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	X7PS.L	EQGB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	5.85%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	18.89%	14.16%	+4.73%
Volatility (1Y) Calculated over the trailing 1-year period	22.39%	18.21%	+4.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	22.62%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.86%	23.04%	+1.82%

X7PS.L vs. EQGB.L - Expense Ratio Comparison

X7PS.L has a 0.30% expense ratio, which is lower than EQGB.L's 0.35% expense ratio.

Dividends

X7PS.L vs. EQGB.L - Dividend Comparison

Neither X7PS.L nor EQGB.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
EQGB.L Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.16%
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both X7PS.L and EQGB.L in my portfolio?

X7PS.L and EQGB.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, X7PS.L or EQGB.L?

On fees, X7PS.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, X7PS.L or EQGB.L?

X7PS.L is cheaper with a 0.30% expense ratio, compared with 0.35% for EQGB.L.

What is the main difference between X7PS.L and EQGB.L?

X7PS.L is categorized as Europe Equities, while EQGB.L is Nasdaq-100. X7PS.L tracks Invesco STOXX Europe 600 Optimised Banks UCITS ETF, while EQGB.L tracks NASDAQ-100 Index. Their fees differ too: 0.30% for X7PS.L and 0.35% for EQGB.L.