X7PS.L vs. RIEU.L
X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)) and RIEU.L (L&G MSCI Europe Select UCITS ETF EUR (Acc)) are both Europe Equities funds - X7PS.L tracks the STOXX Europe 600 Optimised Banks Index (EUR) while RIEU.L tracks the MSCI Global Select 500 Index – Europe Subset. Both are passively managed. Over the past 5 years, X7PS.L returned 32.06%/yr vs 8.44%/yr for RIEU.L. A 0.67 correlation means they provide meaningful diversification when combined. X7PS.L charges 0.20%/yr vs 0.10%/yr for RIEU.L.
Performance
X7PS.L vs. RIEU.L - Performance Comparison
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Returns By Period
In the year-to-date period, X7PS.L achieves a 17.85% return, which is significantly higher than RIEU.L's 9.09% 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%
RIEU.L
- 1D
- 0.00%
- 1M
- 1.50%
- 6M
- 5.47%
- YTD
- 9.09%
- 1Y
- 17.21%
- 3Y*
- 12.92%
- 5Y*
- 8.44%
- 10Y*
- —
X7PS.L vs. RIEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) | 17.85% | 78.30% | 33.17% | 25.70% | 0.44% | 38.22% | -22.81% | 20.49% |
RIEU.L L&G MSCI Europe Select UCITS ETF EUR (Acc) | 9.09% | 15.57% | 9.47% | 15.33% | -12.34% | 24.84% | 0.23% | 10.89% |
Correlation
The correlation between X7PS.L and RIEU.L is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2019 | 0.67 |
The correlation between X7PS.L and RIEU.L has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.
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Return for Risk
X7PS.L vs. RIEU.L — Risk / Return Rank
X7PS.L
RIEU.L
X7PS.L vs. RIEU.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 MSCI Europe Select UCITS ETF EUR (Acc) (RIEU.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 | RIEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.25 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 1.68 | +1.55 |
| Martin ratioReturn relative to average drawdown | 10.64 | 5.87 | +4.77 |
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Drawdowns
X7PS.L vs. RIEU.L - Drawdown Comparison
The maximum X7PS.L drawdown since its inception was -60.64%, which is greater than RIEU.L's maximum drawdown of -34.22%. Use the drawdown chart below to compare losses from any high point for X7PS.L and RIEU.L.
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Drawdown Indicators
| X7PS.L | RIEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.64% | -34.22% | -26.42% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -10.20% | -6.29% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -16.18% | -3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | -22.82% | -6.88% |
Max Drawdown (10Y)Largest decline over 10 years | -56.51% | — | — |
Current DrawdownCurrent decline from peak | -1.00% | -1.65% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -17.85% | -5.56% | -12.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 2.92% | +2.10% |
Volatility
X7PS.L vs. RIEU.L - Volatility Comparison
Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L) has a higher volatility of 5.45% compared to L&G MSCI Europe Select UCITS ETF EUR (Acc) (RIEU.L) at 2.92%. This indicates that X7PS.L's price experiences larger fluctuations and is considered to be riskier than RIEU.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 | RIEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 2.92% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 18.89% | 10.40% | +8.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 12.56% | +9.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 14.60% | +9.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.86% | 16.60% | +8.26% |
X7PS.L vs. RIEU.L - Expense Ratio Comparison
X7PS.L has a 0.20% expense ratio, which is higher than RIEU.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. RIEU.L - Dividend Comparison
Neither X7PS.L nor RIEU.L has paid dividends to shareholders.
Frequently Asked Questions
X7PS.L and RIEU.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RIEU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RIEU.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 RIEU.L tracks MSCI Global Select 500 Index – Europe Subset. They also come from different issuers: Invesco and L&G. Their fees differ too: 0.20% for X7PS.L and 0.10% for RIEU.L.
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