XLFQ.L vs. X7PS.L

Last updated Jul 18, 2026

XLFQ.L (Invesco US Financials Sector UCITS ETF) and X7PS.L (Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)) are both exchange-traded funds - XLFQ.L is a Financials Equities fund tracking the MSCI World/Financials NR USD, while X7PS.L is a Europe Equities fund tracking the STOXX Europe 600 Optimised Banks Index (EUR). Both are passively managed. Over the past 10 years, XLFQ.L returned 12.86%/yr vs 16.34%/yr for X7PS.L. A 0.56 correlation means they provide meaningful diversification when combined. XLFQ.L charges 0.14%/yr vs 0.20%/yr for X7PS.L.

Performance

XLFQ.L vs. X7PS.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 STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XLFQ.L is traded in GBp, while X7PS.L is traded in EUR. To make them comparable, the X7PS.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XLFQ.L achieves a 3.47% return, which is significantly lower than X7PS.L's 13.65% return. Over the past 10 years, XLFQ.L has underperformed X7PS.L with an annualized return of 12.86%, while X7PS.L has yielded a comparatively higher 16.34% annualized return.

XLFQ.L

• 1D: -0.07%
• 1M: 3.25%
• 6M: 3.98%
• YTD: 3.47%
• 1Y: 9.41%
• 3Y*: 17.77%
• 5Y*: 11.33%
• 10Y*: 12.86%

X7PS.L

• 1D: -0.99%
• 1M: -0.04%
• 6M: 10.58%
• YTD: 13.65%
• 1Y: 47.90%
• 3Y*: 43.02%
• 5Y*: 31.54%
• 10Y*: 16.34%

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

XLFQ.L vs. X7PS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLFQ.L Invesco US Financials Sector UCITS ETF	3.47%	7.07%	32.15%	6.12%	-0.39%	37.90%	-6.56%	27.16%	-9.51%	11.87%
X7PS.L Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc)	13.65%	87.84%	27.12%	23.19%	5.63%	30.02%	-18.45%	7.52%	-25.50%	16.45%

Correlation

The correlation between XLFQ.L and X7PS.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Aug 17, 2011	0.56

The correlation between XLFQ.L and X7PS.L shifts across timeframes, from 0.40 (3 years) to 0.57 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

XLFQ.L vs. X7PS.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: 22
XLFQ.L Sharpe Ratio Rank: 24
XLFQ.L Sortino Ratio Rank: 23
XLFQ.L Omega Ratio Rank: 22
XLFQ.L Calmar Ratio Rank: 21
XLFQ.L Martin Ratio Rank: 20

X7PS.L

X7PS.L Risk / Return Rank: 82
X7PS.L Sharpe Ratio Rank: 88
X7PS.L Sortino Ratio Rank: 85
X7PS.L Omega Ratio Rank: 83
X7PS.L Calmar Ratio Rank: 79
X7PS.L Martin Ratio Rank: 74

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. X7PS.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 STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.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.

	XLFQ.L	X7PS.L	Difference
Sharpe ratio: Return per unit of total volatility	0.67	2.13	-1.46
Sortino ratio: Return per unit of downside risk	1.03	2.84	-1.80
Omega ratio: Gain probability vs. loss probability	1.12	1.35	-0.23
Calmar ratio: Return relative to maximum drawdown	0.73	2.97	-2.23
Martin ratio: Return relative to average drawdown	1.69	9.92	-8.24

XLFQ.L vs. X7PS.L - Sharpe Ratio Comparison

The current XLFQ.L Sharpe Ratio is 0.67, which is lower than the X7PS.L Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of XLFQ.L and X7PS.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.

Drawdowns

XLFQ.L vs. X7PS.L - Drawdown Comparison

The maximum XLFQ.L drawdown since its inception was -39.29%, smaller than the maximum X7PS.L drawdown of -56.34%. Use the drawdown chart below to compare losses from any high point for XLFQ.L and X7PS.L.

Drawdown Indicators

	XLFQ.L	X7PS.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.29%	-56.34%	+17.05%
Max Drawdown (1Y) Largest decline over 1 year	-12.81%	-16.07%	+3.26%
Max Drawdown (3Y) Largest decline over 3 years	-20.08%	-18.22%	-1.86%
Max Drawdown (5Y) Largest decline over 5 years	-20.08%	-30.73%	+10.65%
Max Drawdown (10Y) Largest decline over 10 years	-35.39%	-56.34%	+20.95%
Current Drawdown Current decline from peak	-0.11%	-2.58%	+2.47%
Average Drawdown Average peak-to-trough decline	-11.11%	-14.49%	+3.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.57%	4.81%	+0.76%

Volatility

XLFQ.L vs. X7PS.L - Volatility Comparison

The current volatility for Invesco US Financials Sector UCITS ETF (XLFQ.L) is 3.50%, while Invesco STOXX Europe 600 Optimised Banks UCITS ETF EUR (Acc) (X7PS.L) has a volatility of 5.51%. This indicates that XLFQ.L experiences smaller price fluctuations and is considered to be less risky than X7PS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLFQ.L	X7PS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	5.51%	-2.01%
Volatility (6M) Calculated over the trailing 6-month period	10.34%	18.93%	-8.59%
Volatility (1Y) Calculated over the trailing 1-year period	13.95%	22.34%	-8.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.41%	23.77%	-1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.36%	24.61%	-2.25%

XLFQ.L vs. X7PS.L - Expense Ratio Comparison

XLFQ.L has a 0.14% expense ratio, which is lower than X7PS.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XLFQ.L vs. X7PS.L - Dividend Comparison

Neither XLFQ.L nor X7PS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XLFQ.L and X7PS.L in my portfolio?

XLFQ.L and X7PS.L have a correlation of 0.41, 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 X7PS.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 X7PS.L?

XLFQ.L is cheaper with a 0.14% expense ratio, compared with 0.20% for X7PS.L.

What is the main difference between XLFQ.L and X7PS.L?

XLFQ.L is categorized as Financials Equities, while X7PS.L is Europe Equities. XLFQ.L tracks MSCI World/Financials NR USD, while X7PS.L tracks STOXX Europe 600 Optimised Banks Index (EUR). Their fees differ too: 0.14% for XLFQ.L and 0.20% for X7PS.L.