X7PS.L vs. LGEU.L
X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)) and LGEU.L (L&G Europe ex UK Equity UCITS ETF EUR (Acc)) are both Europe Equities funds - X7PS.L tracks the STOXX Europe 600 Optimised Banks Index (EUR) while LGEU.L tracks the Solactive Core Developed Markets Europe ex UK Large & Mid Cap EUR Index NTR. Both are passively managed. Over the past 5 years, X7PS.L returned 31.77%/yr vs 9.77%/yr for LGEU.L. A 0.69 correlation means they provide meaningful diversification when combined. X7PS.L charges 0.20%/yr vs 0.10%/yr for LGEU.L.
Performance
X7PS.L vs. LGEU.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, X7PS.L achieves a 16.55% return, which is significantly higher than LGEU.L's 11.20% return.
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%
LGEU.L
- 1D
- -0.14%
- 1M
- 0.14%
- 6M
- 6.90%
- YTD
- 11.20%
- 1Y
- 20.65%
- 3Y*
- 14.50%
- 5Y*
- 9.77%
- 10Y*
- —
X7PS.L vs. LGEU.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% | -11.33% |
LGEU.L L&G Europe ex UK Equity UCITS ETF EUR (Acc) | 11.20% | 19.94% | 6.68% | 17.97% | -11.77% | 24.90% | 1.53% | 30.71% | -9.44% |
Correlation
The correlation between X7PS.L and LGEU.L is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.69 |
The correlation between X7PS.L and LGEU.L has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
X7PS.L vs. LGEU.L — Risk / Return Rank
X7PS.L
LGEU.L
X7PS.L vs. LGEU.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 L&G Europe ex UK Equity UCITS ETF EUR (Acc) (LGEU.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 | LGEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.29 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 2.20 | +0.84 |
| Martin ratioReturn relative to average drawdown | 10.00 | 8.38 | +1.62 |
Loading charts...
Drawdowns
X7PS.L vs. LGEU.L - Drawdown Comparison
The maximum X7PS.L drawdown since its inception was -60.64%, which is greater than LGEU.L's maximum drawdown of -34.27%. Use the drawdown chart below to compare losses from any high point for X7PS.L and LGEU.L.
Loading charts...
Drawdown Indicators
| X7PS.L | LGEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.64% | -34.27% | -26.37% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -9.92% | -6.57% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -16.41% | -3.73% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | -22.68% | -7.02% |
Max Drawdown (10Y)Largest decline over 10 years | -56.51% | — | — |
Current DrawdownCurrent decline from peak | -2.10% | -2.04% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -17.84% | -4.89% | -12.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 2.60% | +2.42% |
Volatility
X7PS.L vs. LGEU.L - Volatility Comparison
Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L) has a higher volatility of 5.59% compared to L&G Europe ex UK Equity UCITS ETF EUR (Acc) (LGEU.L) at 3.63%. This indicates that X7PS.L's price experiences larger fluctuations and is considered to be riskier than LGEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| X7PS.L | LGEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 3.63% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 18.93% | 11.27% | +7.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.42% | 13.70% | +8.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 15.07% | +8.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.86% | 16.99% | +7.87% |
X7PS.L vs. LGEU.L - Expense Ratio Comparison
X7PS.L has a 0.20% expense ratio, which is higher than LGEU.L's 0.10% expense ratio. However, 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. LGEU.L - Dividend Comparison
Neither X7PS.L nor LGEU.L has paid dividends to shareholders.
Frequently Asked Questions
X7PS.L and LGEU.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGEU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGEU.L is cheaper with a 0.10% expense ratio, compared with 0.20% for X7PS.L.
X7PS.L tracks STOXX Europe 600 Optimised Banks Index (EUR), while LGEU.L tracks Solactive Core Developed Markets Europe ex UK Large & Mid Cap EUR Index NTR. They also come from different issuers: Invesco and L&G. Their fees differ too: 0.20% for X7PS.L and 0.10% for LGEU.L.
Find the right allocation for X7PS.L and LGEU.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer