X7PS.L vs. LDEU.L
X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF) and LDEU.L (L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis) are both Europe Equities funds - X7PS.L tracks the Invesco STOXX Europe 600 Optimised Banks UCITS ETF while LDEU.L tracks the L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis. Both are passively managed. Over the past 5 years, X7PS.L returned 32.08%/yr vs 17.00%/yr for LDEU.L. Their correlation of 0.82 suggests significant overlap in exposure. X7PS.L charges 0.30%/yr vs 0.25%/yr for LDEU.L.
Performance
X7PS.L vs. LDEU.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 LDEU.L's 14.76% 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%
LDEU.L
- 1D
- -0.31%
- 1M
- 0.93%
- 6M
- 11.68%
- YTD
- 14.76%
- 1Y
- 29.16%
- 3Y*
- 25.18%
- 5Y*
- 17.00%
- 10Y*
- —
X7PS.L vs. LDEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF | 17.93% | 78.30% | 33.17% | 25.70% | 0.44% | 15.45% |
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis | 14.76% | 37.56% | 14.64% | 16.76% | -3.16% | 9.14% |
Correlation
The correlation between X7PS.L and LDEU.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 Apr 12, 2021 | 0.82 |
The correlation between X7PS.L and LDEU.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. LDEU.L — Risk / Return Rank
X7PS.L
LDEU.L
X7PS.L vs. LDEU.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 L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis (LDEU.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 | LDEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.45 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 4.32 | -1.08 |
| Martin ratioReturn relative to average drawdown | 10.66 | 15.11 | -4.46 |
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Drawdowns
X7PS.L vs. LDEU.L - Drawdown Comparison
The maximum X7PS.L drawdown since its inception was -60.64%, which is greater than LDEU.L's maximum drawdown of -20.16%. Use the drawdown chart below to compare losses from any high point for X7PS.L and LDEU.L.
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Drawdown Indicators
| X7PS.L | LDEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.64% | -20.16% | -40.48% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -6.80% | -9.69% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -14.78% | -5.36% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | -20.16% | -9.54% |
Max Drawdown (10Y)Largest decline over 10 years | -56.51% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | -0.54% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -17.85% | -3.03% | -14.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 1.95% | +3.07% |
Volatility
X7PS.L vs. LDEU.L - Volatility Comparison
Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PS.L) has a higher volatility of 5.45% compared to L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis (LDEU.L) at 2.88%. This indicates that X7PS.L's price experiences larger fluctuations and is considered to be riskier than LDEU.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 | LDEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 2.88% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 18.89% | 9.37% | +9.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 11.66% | +10.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 14.39% | +9.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.86% | 14.25% | +10.61% |
X7PS.L vs. LDEU.L - Expense Ratio Comparison
X7PS.L has a 0.30% expense ratio, which is higher than LDEU.L's 0.25% expense ratio.
Dividends
X7PS.L vs. LDEU.L - Dividend Comparison
X7PS.L has not paid dividends to shareholders, while LDEU.L's dividend yield for the trailing twelve months is around 3.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
LDEU.L L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis | 3.52% | 3.47% | 4.36% | 4.44% | 4.17% | 2.93% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
X7PS.L and LDEU.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, LDEU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LDEU.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 LDEU.L tracks L&G Europe ex-UK Quality Dividends Equal Weight ETF EUR Dis. They also come from different issuers: Invesco and L&G. Their fees differ too: 0.30% for X7PS.L and 0.25% for LDEU.L.
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