XLFQ.L vs. S7XP.L

Last updated Jun 5, 2026

XLFQ.L (Invesco US Financials Sector UCITS ETF) and S7XP.L (Invesco EURO STOXX Optimised Banks UCITS ETF) are both Financials Equities funds from Invesco tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 10 years, XLFQ.L returned 13.02%/yr vs 15.50%/yr for S7XP.L. A 0.56 correlation means they provide meaningful diversification when combined. XLFQ.L charges 0.14%/yr vs 0.30%/yr for S7XP.L.

Performance

XLFQ.L vs. S7XP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco US Financials Sector UCITS ETF (XLFQ.L) and Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLFQ.L achieves a -4.71% return, which is significantly lower than S7XP.L's 4.29% return. Over the past 10 years, XLFQ.L has underperformed S7XP.L with an annualized return of 13.02%, while S7XP.L has yielded a comparatively higher 15.50% annualized return.

XLFQ.L

• 1D: 3.26%
• 1M: 2.31%
• YTD: -4.71%
• 6M: -2.62%
• 1Y: 4.63%
• 3Y*: 15.45%
• 5Y*: 9.10%
• 10Y*: 13.02%

S7XP.L

• 1D: 0.77%
• 1M: 6.44%
• YTD: 4.29%
• 6M: 10.76%
• 1Y: 41.95%
• 3Y*: 44.34%
• 5Y*: 28.16%
• 10Y*: 15.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XLFQ.L vs. S7XP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLFQ.L Invesco US Financials Sector UCITS ETF	-4.71%	7.07%	32.15%	6.12%	-0.39%	37.90%	-6.56%	27.16%	-9.51%	11.87%
S7XP.L Invesco EURO STOXX Optimised Banks UCITS ETF	4.29%	94.76%	25.39%	26.22%	6.71%	30.03%	-18.68%	10.65%	-30.92%	19.01%

Correlation

The correlation between XLFQ.L and S7XP.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Oct 27, 2014	0.56

The correlation between XLFQ.L and S7XP.L shifts across timeframes, from 0.38 (3 years) to 0.56 (all time), reflecting how their relationship changes across market environments.

XLFQ.L vs. S7XP.L - Sectors Allocation Comparison

Sectors	XLFQ.L	S7XP.L
Financial Services	98.0%	100.0%
Technology	1.7%	-
Industrials	0.2%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

XLFQ.L vs. S7XP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XLFQ.L

XLFQ.L Risk / Return Rank: 14
XLFQ.L Sharpe Ratio Rank: 14
XLFQ.L Sortino Ratio Rank: 14
XLFQ.L Omega Ratio Rank: 13
XLFQ.L Calmar Ratio Rank: 13
XLFQ.L Martin Ratio Rank: 13

S7XP.L

S7XP.L Risk / Return Rank: 50
S7XP.L Sharpe Ratio Rank: 53
S7XP.L Sortino Ratio Rank: 51
S7XP.L Omega Ratio Rank: 48
S7XP.L Calmar Ratio Rank: 50
S7XP.L Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XLFQ.L vs. S7XP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco US Financials Sector UCITS ETF (XLFQ.L) and Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP.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.

	XLFQ.L	S7XP.L	Difference
Sharpe ratio: Return per unit of total volatility	0.33	1.79	-1.46
Sortino ratio: Return per unit of downside risk	0.57	2.46	-1.89
Omega ratio: Gain probability vs. loss probability	1.07	1.30	-0.23
Calmar ratio: Return relative to maximum drawdown	0.36	2.44	-2.08
Martin ratio: Return relative to average drawdown	0.84	8.05	-7.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLFQ.L vs. S7XP.L - Sharpe Ratio Comparison

The current XLFQ.L Sharpe Ratio is 0.33, which is lower than the S7XP.L Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of XLFQ.L and S7XP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XLFQ.L	S7XP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	1.79	-1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	1.09	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.55	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.37	+0.28

Drawdowns

XLFQ.L vs. S7XP.L - Drawdown Comparison

The maximum XLFQ.L drawdown since its inception was -35.39%, smaller than the maximum S7XP.L drawdown of -62.98%. Use the drawdown chart below to compare losses from any high point for XLFQ.L and S7XP.L.

Drawdown Indicators

	XLFQ.L	S7XP.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.39%	-62.98%	+27.59%
Max Drawdown (1Y) Largest decline over 1 year	-12.81%	-17.10%	+4.29%
Max Drawdown (3Y) Largest decline over 3 years	-19.01%	-18.26%	-0.75%
Max Drawdown (5Y) Largest decline over 5 years	-19.01%	-35.01%	+16.00%
Max Drawdown (10Y) Largest decline over 10 years	-35.39%	-62.98%	+27.59%
Current Drawdown Current decline from peak	-6.62%	-1.85%	-4.77%
Average Drawdown Average peak-to-trough decline	-5.65%	-19.23%	+13.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.48%	5.20%	+0.28%

Volatility

XLFQ.L vs. S7XP.L - Volatility Comparison

The current volatility for Invesco US Financials Sector UCITS ETF (XLFQ.L) is 4.46%, while Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP.L) has a volatility of 6.49%. This indicates that XLFQ.L experiences smaller price fluctuations and is considered to be less risky than S7XP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLFQ.L	S7XP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	6.49%	-2.03%
Volatility (6M) Calculated over the trailing 6-month period	10.48%	18.61%	-8.13%
Volatility (1Y) Calculated over the trailing 1-year period	13.91%	23.31%	-9.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	25.83%	-8.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.14%	27.92%	-7.78%

XLFQ.L vs. S7XP.L - Expense Ratio Comparison

XLFQ.L has a 0.14% expense ratio, which is lower than S7XP.L's 0.30% expense ratio.

Dividends

XLFQ.L vs. S7XP.L - Dividend Comparison

Neither XLFQ.L nor S7XP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XLFQ.L and S7XP.L in my portfolio?

XLFQ.L and S7XP.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLFQ.L or S7XP.L?

On fees, XLFQ.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLFQ.L or S7XP.L?

XLFQ.L is cheaper with a 0.14% expense ratio, compared with 0.30% for S7XP.L.

What is the main difference between XLFQ.L and S7XP.L?

Both ETFs track MSCI World/Financials NR USD. Their fees differ too: 0.14% for XLFQ.L and 0.30% for S7XP.L.