X7PS.L vs. UKDV.L
X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)) and UKDV.L (SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)) are both Europe Equities funds - X7PS.L tracks the STOXX Europe 600 Optimised Banks Index (EUR) while UKDV.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, X7PS.L returned 16.29%/yr vs 4.71%/yr for UKDV.L. A 0.57 correlation means they provide meaningful diversification when combined. X7PS.L charges 0.20%/yr vs 0.30%/yr for UKDV.L.
Performance
X7PS.L vs. UKDV.L - Performance Comparison
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Different Trading Currencies
X7PS.L is traded in EUR, while UKDV.L is traded in GBP. To make them comparable, the UKDV.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with X7PS.L having a 17.85% return and UKDV.L slightly lower at 17.21%. Over the past 10 years, X7PS.L has outperformed UKDV.L with an annualized return of 16.29%, while UKDV.L has yielded a comparatively lower 4.71% annualized 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%
UKDV.L
- 1D
- 0.71%
- 1M
- 9.45%
- 6M
- 12.16%
- YTD
- 17.21%
- 1Y
- 22.86%
- 3Y*
- 16.36%
- 5Y*
- 8.09%
- 10Y*
- 4.71%
X7PS.L vs. UKDV.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 EUR (Acc) | 17.85% | 78.30% | 33.17% | 25.70% | 0.44% | 38.22% | -22.81% | 13.99% | -26.23% | 11.67% |
UKDV.L SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 17.21% | 10.79% | 15.67% | 7.99% | -12.83% | 21.56% | -21.75% | 40.58% | -16.44% | -0.38% |
Correlation
The correlation between X7PS.L and UKDV.L is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2012 | 0.57 |
The correlation between X7PS.L and UKDV.L shifts across timeframes, from 0.43 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
X7PS.L vs. UKDV.L — Risk / Return Rank
X7PS.L
UKDV.L
X7PS.L vs. UKDV.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 SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.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 | UKDV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.27 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 2.37 | +0.86 |
| Martin ratioReturn relative to average drawdown | 10.64 | 8.24 | +2.40 |
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Drawdowns
X7PS.L vs. UKDV.L - Drawdown Comparison
The maximum X7PS.L drawdown since its inception was -60.64%, which is greater than UKDV.L's maximum drawdown of -44.58%. Use the drawdown chart below to compare losses from any high point for X7PS.L and UKDV.L.
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Drawdown Indicators
| X7PS.L | UKDV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.64% | -44.58% | -16.06% |
Max Drawdown (1Y)Largest decline over 1 year | -16.49% | -9.60% | -6.89% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -16.07% | -4.07% |
Max Drawdown (5Y)Largest decline over 5 years | -29.70% | -21.50% | -8.20% |
Max Drawdown (10Y)Largest decline over 10 years | -56.51% | -44.58% | -11.93% |
Current DrawdownCurrent decline from peak | -1.00% | 0.00% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -17.85% | -11.35% | -6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 2.77% | +2.25% |
Volatility
X7PS.L vs. UKDV.L - Volatility Comparison
Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L) has a higher volatility of 5.45% compared to SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L) at 3.99%. This indicates that X7PS.L's price experiences larger fluctuations and is considered to be riskier than UKDV.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 | UKDV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 3.99% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 18.89% | 12.49% | +6.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.39% | 14.70% | +7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 15.49% | +8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.86% | 17.40% | +7.46% |
X7PS.L vs. UKDV.L - Expense Ratio Comparison
X7PS.L has a 0.20% expense ratio, which is lower than UKDV.L's 0.30% expense ratio.
Dividends
X7PS.L vs. UKDV.L - Dividend Comparison
X7PS.L has not paid dividends to shareholders, while UKDV.L's dividend yield for the trailing twelve months is around 3.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UKDV.L SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 3.20% | 3.65% | 3.40% | 3.65% | 4.54% | 3.64% | 3.27% | 4.05% | 4.67% | 3.78% | 4.28% | 3.99% |
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
X7PS.L and UKDV.L have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, X7PS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X7PS.L is cheaper with a 0.20% expense ratio, compared with 0.30% for UKDV.L.
X7PS.L tracks STOXX Europe 600 Optimised Banks Index (EUR), while UKDV.L tracks FTSE AllSh TR GBP. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.20% for X7PS.L and 0.30% for UKDV.L.
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