X7PS.L vs. IMVU.L
X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)) and IMVU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds - X7PS.L tracks the STOXX Europe 600 Optimised Banks Index (EUR) while IMVU.L tracks the MSCI Europe Minimum Volatility (EUR Optimized) Net Index. Both are passively managed. Over the past 3 years, X7PS.L returned 44.69%/yr vs 11.71%/yr for IMVU.L. At a 0.49 correlation, their price movements are largely independent. X7PS.L charges 0.20%/yr vs 0.25%/yr for IMVU.L.
Performance
X7PS.L vs. IMVU.L - Performance Comparison
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Different Trading Currencies
X7PS.L is traded in EUR, while IMVU.L is traded in USD. To make them comparable, the IMVU.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, X7PS.L achieves a 17.85% return, which is significantly higher than IMVU.L's 8.04% return.
X7PS.L
- 1D
- 0.07%
- 1M
- 4.65%
- 6M
- 13.84%
- YTD
- 17.85%
- 1Y
- 53.58%
- 3Y*
- 44.69%
- 5Y*
- 32.06%
- 10Y*
- 16.29%
IMVU.L
- 1D
- -0.24%
- 1M
- 0.99%
- 6M
- 5.72%
- YTD
- 8.04%
- 1Y
- 10.58%
- 3Y*
- 11.71%
- 5Y*
- —
- 10Y*
- —
X7PS.L vs. IMVU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) | 17.85% | 78.30% | 33.17% | 19.01% |
IMVU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) | 8.04% | 11.08% | 11.95% | 5.90% |
Correlation
The correlation between X7PS.L and IMVU.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2023 | 0.49 |
The correlation between X7PS.L and IMVU.L has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
X7PS.L vs. IMVU.L — Risk / Return Rank
X7PS.L
IMVU.L
X7PS.L vs. IMVU.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 Minimum Volatility UCITS ETF EUR (Acc) (IMVU.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 | IMVU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.19 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 1.43 | +1.81 |
| Martin ratioReturn relative to average drawdown | 10.64 | 4.47 | +6.17 |
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Drawdowns
X7PS.L vs. IMVU.L - Drawdown Comparison
The maximum X7PS.L drawdown since its inception was -60.64%, which is greater than IMVU.L's maximum drawdown of -10.13%. Use the drawdown chart below to compare losses from any high point for X7PS.L and IMVU.L.
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Drawdown Indicators
| X7PS.L | IMVU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.64% | -10.13% | -50.51% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -7.39% | -9.10% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -10.13% | -10.01% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.51% | — | — |
Current DrawdownCurrent decline from peak | -1.00% | -1.21% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -17.85% | -2.09% | -15.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 2.36% | +2.66% |
Volatility
X7PS.L vs. IMVU.L - Volatility Comparison
Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L) has a higher volatility of 5.45% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (IMVU.L) at 3.30%. This indicates that X7PS.L's price experiences larger fluctuations and is considered to be riskier than IMVU.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 | IMVU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 3.30% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 18.89% | 8.74% | +10.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 10.30% | +12.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 10.50% | +13.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.86% | 10.50% | +14.36% |
X7PS.L vs. IMVU.L - Expense Ratio Comparison
X7PS.L has a 0.20% expense ratio, which is lower than IMVU.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. IMVU.L - Dividend Comparison
Neither X7PS.L nor IMVU.L has paid dividends to shareholders.
Frequently Asked Questions
X7PS.L and IMVU.L have a correlation of 0.44, 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 IMVU.L.
X7PS.L tracks STOXX Europe 600 Optimised Banks Index (EUR), while IMVU.L tracks MSCI Europe Minimum Volatility (EUR Optimized) Net Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for X7PS.L and 0.25% for IMVU.L.
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