X7PS.L vs. IEDL.L
X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)) and IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) are both Europe Equities funds - X7PS.L tracks the STOXX Europe 600 Optimised Banks Index (EUR) while IEDL.L tracks the MSCI Europe Value NR EUR. Both are passively managed. Over the past 5 years, X7PS.L returned 31.77%/yr vs 15.42%/yr for IEDL.L. Their correlation of 0.82 suggests significant overlap in exposure. X7PS.L charges 0.20%/yr vs 0.25%/yr for IEDL.L.
Performance
X7PS.L vs. IEDL.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with X7PS.L having a 16.55% return and IEDL.L slightly lower at 15.82%.
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%
IEDL.L
- 1D
- -0.35%
- 1M
- 0.54%
- 6M
- 12.52%
- YTD
- 15.82%
- 1Y
- 32.96%
- 3Y*
- 21.22%
- 5Y*
- 15.42%
- 10Y*
- —
X7PS.L vs. IEDL.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% | -27.43% |
IEDL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) | 15.82% | 34.97% | 10.35% | 13.65% | -3.82% | 26.74% | -8.81% | 21.98% | -12.14% |
Correlation
The correlation between X7PS.L and IEDL.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2018 | 0.82 |
The correlation between X7PS.L and IEDL.L has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
X7PS.L vs. IEDL.L — Risk / Return Rank
X7PS.L
IEDL.L
X7PS.L vs. IEDL.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 iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.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 | IEDL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.43 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 3.39 | -0.35 |
| Martin ratioReturn relative to average drawdown | 10.00 | 12.65 | -2.65 |
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Drawdowns
X7PS.L vs. IEDL.L - Drawdown Comparison
The maximum X7PS.L drawdown since its inception was -60.64%, which is greater than IEDL.L's maximum drawdown of -39.77%. Use the drawdown chart below to compare losses from any high point for X7PS.L and IEDL.L.
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Drawdown Indicators
| X7PS.L | IEDL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.64% | -39.77% | -20.87% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -9.69% | -6.80% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -17.59% | -2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | -19.68% | -10.02% |
Max Drawdown (10Y)Largest decline over 10 years | -56.51% | — | — |
Current DrawdownCurrent decline from peak | -2.10% | -1.73% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -17.84% | -6.13% | -11.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 2.60% | +2.42% |
Volatility
X7PS.L vs. IEDL.L - Volatility Comparison
Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L) has a higher volatility of 5.59% compared to iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) at 4.41%. This indicates that X7PS.L's price experiences larger fluctuations and is considered to be riskier than IEDL.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 | IEDL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 4.41% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 18.93% | 11.77% | +7.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.42% | 14.05% | +8.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 15.44% | +8.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.86% | 17.94% | +6.92% |
X7PS.L vs. IEDL.L - Expense Ratio Comparison
X7PS.L has a 0.20% expense ratio, which is lower than IEDL.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
X7PS.L vs. IEDL.L - Dividend Comparison
X7PS.L has not paid dividends to shareholders, while IEDL.L's dividend yield for the trailing twelve months is around 2.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IEDL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) | 2.94% | 3.44% | 4.22% | 4.75% | 4.23% | 3.55% | 2.32% | 3.86% | 3.19% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
X7PS.L and IEDL.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X7PS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X7PS.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IEDL.L.
X7PS.L tracks STOXX Europe 600 Optimised Banks Index (EUR), while IEDL.L tracks MSCI Europe Value NR EUR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for X7PS.L and 0.25% for IEDL.L.
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