# Invesco EURO STOXX Optimised Banks UCITS ETF (S7XP)

**Source:** https://fundology.uk/fund/s7xp · ISIN IE00B3Q19T94 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (Invesco), ONS CPIH, FCA FIRDS

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 01/10/2026, S7XP (Invesco EURO STOXX Optimised Banks UCITS ETF, ISIN IE00B3Q19T94) closed at £196.29 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the five years to 01/10/2026 its total return was +284.0%, or +200.2% after UK CPIH inflation.

## Summary

Invesco EURO STOXX Optimised Banks UCITS ETF is an exchange-traded fund (ETF) from Invesco, launched in 2011. It tracks the EURO STOXX Optimised Banks Index - EUR. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.3% a year — about £30 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£196.29** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | S7XP |
| ISIN | IE00B3Q19T94 |
| Category | Single sectors |
| Type | ETF |
| Provider | Invesco |
| Tracks | EURO STOXX Optimised Banks Index - EUR |
| Income | Accumulating |
| Ongoing charge | 0.30% a year (£30 per £10,000) |
| Fund size | £139m |
| Launched | 2011 |
| Domicile | Ireland |

## Past returns (periods to 01/10/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +33.36% | +29.17% | income reinvested |
| 3 years | +212.76% | +182.22% | income reinvested |
| 5 years | +284.02% | +200.20% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Invesco EURO STOXX Optimised Banks UCITS ETF in pounds (price, with income reinvested in the fund): 2022 +6.7%, 2023 +26.2%, 2024 +24.0%, 2025 +95.9%; 2026 to 01/10/2026 +14.2%. Returns of Invesco EURO STOXX Optimised Banks UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +33.1%; to 30/09/2025: +73.6%; to 30/09/2024: +33.9%; to 30/09/2023: +47.8%; to 30/09/2022: −12.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +6.7% | -2.3% | Price |
| 2023 | +26.2% | +21.2% | Price |
| 2024 | +24.0% | +19.7% | Price |
| 2025 | +95.9% | +89.2% | Price |
| 2026 to 01/10/2026 | +14.2% | +11.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 24.27% | -14.82% |
| 3 years | 22.36% | -14.82% |
| 5 years | 26.49% | -32.62% |

## Largest fall

Volatility of Invesco EURO STOXX Optimised Banks UCITS ETF in pounds, annualised from weekly returns to 01/10/2026: 24.3% over 1 year, 22.4% over 3 years, 26.5% over 5 years. Largest fall in the price of Invesco EURO STOXX Optimised Banks UCITS ETF since October 2021, in pounds: −32.6% from 11/02/2022 to 15/07/2022. The lowest 12-month return of Invesco EURO STOXX Optimised Banks UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −15.8% (12 months to 26/08/2022); the highest was +99.6% (12 months to 19/12/2025). On 01/10/2026 the price of Invesco EURO STOXX Optimised Banks UCITS ETF was 7.8% below its highest weekly close since October 2021 (11/09/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Invesco EURO STOXX Optimised Banks UCITS ETF 0.30% a year, as of 02/10/2026: 64 of the 141 other single-sector funds charge more, 16 the same and 61 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.30%** per year
- ISA eligible: yes
- SIPP eligible: yes

## What it holds

As of 21/09/2026, S7XP holds 28 positions, according to the holdings Invesco publishes. The largest is Banco Santander at 12.15% of the fund; the ten largest make up 74.2%.

### Top holdings

Largest positions (as of 21/09/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Banco Santander | [SAN](https://fundology.uk/stock/SAN) | 12.15% |
| 2 | UniCredit | [UCG](https://fundology.uk/stock/UCG) | 10.91% |
| 3 | Intesa Sanpaolo | — | 9.12% |
| 4 | BNP Paribas Act.A | — | 8.69% |
| 5 | Banco Bilbao Vizcaya Argentaria | [BBVA](https://fundology.uk/stock/BBVA) | 8.39% |
| 6 | ING Groep | [INGA](https://fundology.uk/stock/INGA) | 7.99% |
| 7 | Deutsche Bank N | — | 5.48% |
| 8 | Societe Generale | [GLE](https://fundology.uk/stock/GLE) | 4.79% |
| 9 | Nordea Bank | — | 3.37% |
| 10 | CaixaBank | [CABK](https://fundology.uk/stock/CABK) | 3.31% |

Source: Invesco, holdings as published, as of 21/09/2026.

## Where it invests

Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

### By sector

As published by Invesco, as of 21/09/2026.

| Sector | Weight |
|---|---|
| Industrials | 22.9% |
| Financials | 19.0% |
| Health Care | 14.8% |
| Consumer Staples | 12.0% |
| Materials | 11.4% |
| Consumer Discretionary | 7.8% |
| Information Technology | 7.4% |
| Communication Services | 2.2% |
| Other sectors | 2.4% |

### By country

As published by Invesco, as of 21/09/2026.

| Country | Weight |
|---|---|
| Switzerland | 38.7% |
| United States | 29.0% |
| Denmark | 10.5% |
| Sweden | 9.7% |
| Netherlands | 5.1% |
| Norway | 2.3% |
| Germany | 1.3% |
| Japan | 1.3% |
| Other countries | 2.2% |

All 28 holdings: https://fundology.uk/fund/s7xp/holdings

## Questions people ask

**What is the ongoing charge of S7XP?**

The ongoing charge of S7XP is 0.30% a year — about £30 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Invesco EURO STOXX Optimised Banks UCITS ETF 0.30% a year, as of 02/10/2026: 64 of the 141 other single-sector funds charge more, 16 the same and 61 less (share classes counted once).

**What does S7XP track?**

S7XP tracks the EURO STOXX Optimised Banks Index - EUR.

**Is S7XP accumulating or distributing?**

S7XP is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of S7XP?**

The ISIN of S7XP is IE00B3Q19T94. An ISIN identifies one exact share class of a fund; S7XP is its ticker on the London Stock Exchange.

**What does S7XP hold?**

As of 21/09/2026, S7XP holds 28 positions, according to the holdings Invesco publishes. The largest is Banco Santander at 12.15% of the fund; the ten largest make up 74.2%. Its ten largest holdings are Banco Santander (12.15%), UniCredit (10.91%), Intesa Sanpaolo (9.12%), BNP Paribas Act.A (8.69%), Banco Bilbao Vizcaya Argentaria (8.39%), ING Groep (7.99%), Deutsche Bank N (5.48%), Societe Generale (4.79%), Nordea Bank (3.37%) and CaixaBank (3.31%).

**What were S7XP’s returns in each of the last five years?**

Calendar-year returns of S7XP in pounds (price, with income reinvested in the fund): 2022 +6.7%, 2023 +26.2%, 2024 +24.0%, 2025 +95.9%; 2026 to 01/10/2026 +14.2%. Past performance is not a guide to future returns.

**How has S7XP done after inflation?**

Over the five years to 01/10/2026 S7XP’s total return was +284.0%, or +200.2% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.