X7PS.L vs. MVED.L
X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF) and MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) are both Europe Equities funds - X7PS.L tracks the Invesco STOXX Europe 600 Optimised Banks UCITS ETF while MVED.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, X7PS.L returned 32.08%/yr vs 7.01%/yr for MVED.L. At a 0.49 correlation, their price movements are largely independent. X7PS.L charges 0.30%/yr vs 0.25%/yr for MVED.L.
Performance
X7PS.L vs. MVED.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 MVED.L's 8.45% 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%
MVED.L
- 1D
- -0.13%
- 1M
- 1.36%
- 6M
- 6.60%
- YTD
- 8.45%
- 1Y
- 11.37%
- 3Y*
- 11.83%
- 5Y*
- 7.01%
- 10Y*
- —
X7PS.L vs. MVED.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -27.43% |
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 8.45% | 11.81% | 11.70% | 10.68% | -12.60% | 21.57% | -3.93% | 22.78% | -1.65% |
Correlation
The correlation between X7PS.L and MVED.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2018 | 0.49 |
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Return for Risk
X7PS.L vs. MVED.L — Risk / Return Rank
X7PS.L
MVED.L
X7PS.L vs. MVED.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 Minimum Volatility UCITS ETF EUR (Dist) (MVED.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 | MVED.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.24 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 1.62 | +1.62 |
| Martin ratioReturn relative to average drawdown | 10.66 | 4.91 | +5.74 |
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Drawdowns
X7PS.L vs. MVED.L - Drawdown Comparison
The maximum X7PS.L drawdown since its inception was -60.64%, which is greater than MVED.L's maximum drawdown of -30.52%. Use the drawdown chart below to compare losses from any high point for X7PS.L and MVED.L.
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Drawdown Indicators
| X7PS.L | MVED.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.64% | -30.52% | -30.12% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -7.01% | -9.48% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -10.47% | -9.67% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | -19.58% | -10.12% |
Max Drawdown (10Y)Largest decline over 10 years | -56.51% | — | — |
Current DrawdownCurrent decline from peak | -0.94% | -0.67% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -17.85% | -5.03% | -12.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 2.31% | +2.71% |
Volatility
X7PS.L vs. MVED.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 Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) at 2.77%. This indicates that X7PS.L's price experiences larger fluctuations and is considered to be riskier than MVED.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 | MVED.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 2.77% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 18.89% | 7.47% | +11.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 8.96% | +13.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 11.02% | +12.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.86% | 12.59% | +12.27% |
X7PS.L vs. MVED.L - Expense Ratio Comparison
X7PS.L has a 0.30% expense ratio, which is higher than MVED.L's 0.25% expense ratio.
Dividends
X7PS.L vs. MVED.L - Dividend Comparison
X7PS.L has not paid dividends to shareholders, while MVED.L's dividend yield for the trailing twelve months is around 2.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) | 2.52% | 2.69% | 2.56% | 2.67% | 2.95% | 2.16% | 2.54% | 2.81% | 2.51% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
X7PS.L and MVED.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVED.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVED.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 MVED.L tracks MSCI Europe NR EUR. They also come from different issuers: Invesco and BlackRock. Their fees differ too: 0.30% for X7PS.L and 0.25% for MVED.L.
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