X7PS.L vs. IEVL.L
X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds - X7PS.L tracks the Invesco STOXX Europe 600 Optimised Banks UCITS ETF while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 10 years, X7PS.L returned 16.30%/yr vs 11.11%/yr for IEVL.L. Their correlation of 0.83 suggests significant overlap in exposure. X7PS.L charges 0.30%/yr vs 0.25%/yr for IEVL.L.
Performance
X7PS.L vs. IEVL.L - Performance Comparison
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Returns By Period
In the year-to-date period, X7PS.L achieves a 17.93% return, which is significantly higher than IEVL.L's 16.34% return. Over the past 10 years, X7PS.L has outperformed IEVL.L with an annualized return of 16.30%, while IEVL.L has yielded a comparatively lower 11.11% annualized return.
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%
IEVL.L
- 1D
- -0.07%
- 1M
- 1.17%
- 6M
- 13.20%
- YTD
- 16.34%
- 1Y
- 34.34%
- 3Y*
- 21.76%
- 5Y*
- 15.56%
- 10Y*
- 11.11%
X7PS.L vs. IEVL.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% | 11.67% |
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating | 16.34% | 35.04% | 10.57% | 13.52% | -3.79% | 26.68% | -8.75% | 21.79% | -13.55% | 10.54% |
Correlation
The correlation between X7PS.L and IEVL.L is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2015 | 0.83 |
The correlation between X7PS.L and IEVL.L has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
X7PS.L vs. IEVL.L — Risk / Return Rank
X7PS.L
IEVL.L
X7PS.L vs. IEVL.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 iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.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 | IEVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.44 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 3.49 | -0.25 |
| Martin ratioReturn relative to average drawdown | 10.66 | 13.14 | -2.49 |
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Drawdowns
X7PS.L vs. IEVL.L - Drawdown Comparison
The maximum X7PS.L drawdown since its inception was -60.64%, which is greater than IEVL.L's maximum drawdown of -40.09%. Use the drawdown chart below to compare losses from any high point for X7PS.L and IEVL.L.
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Drawdown Indicators
| X7PS.L | IEVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.64% | -40.09% | -20.55% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -9.79% | -6.70% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -17.43% | -2.71% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | -19.55% | -10.15% |
Max Drawdown (10Y)Largest decline over 10 years | -56.51% | -40.09% | -16.42% |
Current DrawdownCurrent decline from peak | -0.94% | -1.07% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -17.85% | -7.43% | -10.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 2.61% | +2.41% |
Volatility
X7PS.L vs. IEVL.L - Volatility Comparison
Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L) has a higher volatility of 5.45% compared to iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) at 4.24%. This indicates that X7PS.L's price experiences larger fluctuations and is considered to be riskier than IEVL.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 | IEVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 4.24% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 18.89% | 11.83% | +7.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 14.14% | +8.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 15.37% | +8.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.86% | 17.28% | +7.58% |
X7PS.L vs. IEVL.L - Expense Ratio Comparison
X7PS.L has a 0.30% expense ratio, which is higher than IEVL.L's 0.25% expense ratio.
Dividends
X7PS.L vs. IEVL.L - Dividend Comparison
Neither X7PS.L nor IEVL.L has paid dividends to shareholders.
Frequently Asked Questions
X7PS.L and IEVL.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEVL.L is cheaper with a 0.25% expense ratio, compared with 0.30% for X7PS.L.
X7PS.L tracks Invesco STOXX Europe 600 Optimised Banks UCITS ETF, while IEVL.L tracks MSCI Europe Enhanced Value Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for X7PS.L and 0.25% for IEVL.L.
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