X7PS.L vs. MVEU.L
X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds - X7PS.L tracks the Invesco STOXX Europe 600 Optimised Banks UCITS ETF while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, X7PS.L returned 16.30%/yr vs 6.87%/yr for MVEU.L. A 0.54 correlation means they provide meaningful diversification when combined. X7PS.L charges 0.30%/yr vs 0.25%/yr for MVEU.L.
Performance
X7PS.L vs. MVEU.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 MVEU.L's 8.54% return. Over the past 10 years, X7PS.L has outperformed MVEU.L with an annualized return of 16.30%, while MVEU.L has yielded a comparatively lower 6.87% 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%
MVEU.L
- 1D
- -0.03%
- 1M
- 1.45%
- 6M
- 6.45%
- YTD
- 8.54%
- 1Y
- 11.41%
- 3Y*
- 11.85%
- 5Y*
- 7.00%
- 10Y*
- 6.87%
X7PS.L vs. MVEU.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% |
MVEU.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) | 8.54% | 11.66% | 11.79% | 10.66% | -12.67% | 21.67% | -3.86% | 22.42% | -3.82% | 9.48% |
Correlation
The correlation between X7PS.L and MVEU.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.54 |
The correlation between X7PS.L and MVEU.L shifts across timeframes, from 0.40 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
X7PS.L vs. MVEU.L — Risk / Return Rank
X7PS.L
MVEU.L
X7PS.L vs. MVEU.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 (Acc) (MVEU.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 | MVEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.24 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 1.61 | +1.63 |
| Martin ratioReturn relative to average drawdown | 10.66 | 4.99 | +5.67 |
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Drawdowns
X7PS.L vs. MVEU.L - Drawdown Comparison
The maximum X7PS.L drawdown since its inception was -60.64%, which is greater than MVEU.L's maximum drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for X7PS.L and MVEU.L.
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Drawdown Indicators
| X7PS.L | MVEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.64% | -30.56% | -30.08% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -7.04% | -9.45% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -10.78% | -9.36% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | -19.51% | -10.19% |
Max Drawdown (10Y)Largest decline over 10 years | -56.51% | -30.56% | -25.95% |
Current DrawdownCurrent decline from peak | -0.94% | -0.72% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -17.85% | -4.53% | -13.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 2.28% | +2.74% |
Volatility
X7PS.L vs. MVEU.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 (Acc) (MVEU.L) at 2.44%. This indicates that X7PS.L's price experiences larger fluctuations and is considered to be riskier than MVEU.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 | MVEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 2.44% | +3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 18.89% | 7.21% | +11.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 8.79% | +13.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 11.05% | +12.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.86% | 12.15% | +12.71% |
X7PS.L vs. MVEU.L - Expense Ratio Comparison
X7PS.L has a 0.30% expense ratio, which is higher than MVEU.L's 0.25% expense ratio.
Dividends
X7PS.L vs. MVEU.L - Dividend Comparison
Neither X7PS.L nor MVEU.L has paid dividends to shareholders.
Frequently Asked Questions
X7PS.L and MVEU.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEU.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEU.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 MVEU.L tracks MSCI Europe NR EUR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for X7PS.L and 0.25% for MVEU.L.
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