XLYP.L vs. X7PP.L

Last updated Jul 16, 2026

XLYP.L (Invesco US Consumer Discretionary Sector UCITS ETF) and X7PP.L (Invesco European Banks Sector UCITS ETF) are both exchange-traded funds - XLYP.L is a Consumer Discretionary Equities fund tracking the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while X7PP.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 10 years, XLYP.L returned 12.38%/yr vs 16.48%/yr for X7PP.L. At a 0.42 correlation, their price movements are largely independent. XLYP.L charges 0.14%/yr vs 0.20%/yr for X7PP.L.

Performance

XLYP.L vs. X7PP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) and Invesco European Banks Sector UCITS ETF (X7PP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLYP.L achieves a -2.48% return, which is significantly lower than X7PP.L's 14.33% return. Over the past 10 years, XLYP.L has underperformed X7PP.L with an annualized return of 12.38%, while X7PP.L has yielded a comparatively higher 16.48% annualized return.

XLYP.L

• 1D: 0.73%
• 1M: -1.23%
• 6M: -4.53%
• YTD: -2.48%
• 1Y: 7.07%
• 3Y*: 10.75%
• 5Y*: 8.07%
• 10Y*: 12.38%

X7PP.L

• 1D: -0.74%
• 1M: 4.36%
• 6M: 11.75%
• YTD: 14.33%
• 1Y: 49.80%
• 3Y*: 44.37%
• 5Y*: 31.78%
• 10Y*: 16.48%

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

XLYP.L vs. X7PP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLYP.L Invesco US Consumer Discretionary Sector UCITS ETF	-2.48%	0.23%	30.67%	32.31%	-26.14%	30.65%	22.15%	24.16%	6.23%	11.28%
X7PP.L Invesco European Banks Sector UCITS ETF	14.33%	87.77%	27.07%	23.27%	6.04%	29.16%	-18.50%	8.33%	-26.15%	16.53%

Correlation

The correlation between XLYP.L and X7PP.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jun 30, 2014	0.42

XLYP.L vs. X7PP.L - Sectors Allocation Comparison

Sectors	XLYP.L	X7PP.L
Consumer Cyclical	99.0%	-
Technology	0.9%	-
Industrials	0.1%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	100.0%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

XLYP.L vs. X7PP.L — Risk / Return Rank

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

XLYP.L

XLYP.L Risk / Return Rank: 17
XLYP.L Sharpe Ratio Rank: 17
XLYP.L Sortino Ratio Rank: 16
XLYP.L Omega Ratio Rank: 15
XLYP.L Calmar Ratio Rank: 17
XLYP.L Martin Ratio Rank: 17

X7PP.L

X7PP.L Risk / Return Rank: 80
X7PP.L Sharpe Ratio Rank: 87
X7PP.L Sortino Ratio Rank: 84
X7PP.L Omega Ratio Rank: 81
X7PP.L Calmar Ratio Rank: 75
X7PP.L Martin Ratio Rank: 71

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.

XLYP.L vs. X7PP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) and Invesco European Banks Sector UCITS ETF (X7PP.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.

	XLYP.L	X7PP.L	Difference
Sharpe ratio: Return per unit of total volatility	0.43	2.25	-1.82
Sortino ratio: Return per unit of downside risk	0.72	2.99	-2.27
Omega ratio: Gain probability vs. loss probability	1.08	1.38	-0.29
Calmar ratio: Return relative to maximum drawdown	0.55	3.11	-2.56
Martin ratio: Return relative to average drawdown	1.42	10.37	-8.95

XLYP.L vs. X7PP.L - Sharpe Ratio Comparison

The current XLYP.L Sharpe Ratio is 0.43, which is lower than the X7PP.L Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of XLYP.L and X7PP.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

XLYP.L vs. X7PP.L - Drawdown Comparison

The maximum XLYP.L drawdown since its inception was -30.40%, smaller than the maximum X7PP.L drawdown of -56.28%. Use the drawdown chart below to compare losses from any high point for XLYP.L and X7PP.L.

Drawdown Indicators

	XLYP.L	X7PP.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.40%	-56.28%	+25.88%
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	-15.94%	+3.21%
Max Drawdown (3Y) Largest decline over 3 years	-26.52%	-18.17%	-8.35%
Max Drawdown (5Y) Largest decline over 5 years	-30.40%	-30.79%	+0.39%
Max Drawdown (10Y) Largest decline over 10 years	-30.40%	-56.28%	+25.88%
Current Drawdown Current decline from peak	-6.45%	-1.85%	-4.60%
Average Drawdown Average peak-to-trough decline	-6.52%	-15.28%	+8.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.98%	4.79%	+0.19%

Volatility

XLYP.L vs. X7PP.L - Volatility Comparison

Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) has a higher volatility of 6.30% compared to Invesco European Banks Sector UCITS ETF (X7PP.L) at 5.70%. This indicates that XLYP.L's price experiences larger fluctuations and is considered to be riskier than X7PP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLYP.L	X7PP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.30%	5.70%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	12.77%	18.70%	-5.93%
Volatility (1Y) Calculated over the trailing 1-year period	16.28%	22.02%	-5.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.59%	23.50%	-2.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.82%	24.23%	-4.41%

XLYP.L vs. X7PP.L - Expense Ratio Comparison

XLYP.L has a 0.14% expense ratio, which is lower than X7PP.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

XLYP.L vs. X7PP.L - Dividend Comparison

Neither XLYP.L nor X7PP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XLYP.L and X7PP.L in my portfolio?

XLYP.L and X7PP.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLYP.L or X7PP.L?

On fees, XLYP.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, XLYP.L or X7PP.L?

XLYP.L is cheaper with a 0.14% expense ratio, compared with 0.20% for X7PP.L.

What is the main difference between XLYP.L and X7PP.L?

XLYP.L is categorized as Consumer Discretionary Equities, while X7PP.L is Financials Equities. XLYP.L tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while X7PP.L tracks MSCI World/Financials NR USD. Their fees differ too: 0.14% for XLYP.L and 0.20% for X7PP.L.