# Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PP)

**Page:** https://fundology.uk/fund/x7pp · ISIN IE00B5MTWD60

## 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 13/11/2026, X7PP (Invesco STOXX Europe 600 Optimised Banks UCITS ETF, ISIN IE00B5MTWD60) closed at £199.98 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 13/11/2026 its total return was +234.3%, or +160.9% after UK CPIH inflation.

## Summary

Invesco STOXX Europe 600 Optimised Banks UCITS ETF is an exchange-traded fund (ETF) from Invesco, launched in 2009. It tracks the STOXX Europe 600 Optimised Banks Index - EUR — large and medium-sized European companies. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.2% a year — about £20 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: **£199.98** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | X7PP |
| ISIN | IE00B5MTWD60 |
| Also listed as | X7PS (London Stock Exchange, euros), SC0U (Xetra, euros) |
| Category | Single sectors |
| Type | ETF |
| Provider | Invesco |
| Tracks | STOXX Europe 600 Optimised Banks Index - EUR |
| Income | Accumulating |
| Ongoing charge | 0.20% a year (£20 per £10,000) |
| Fund size | £641m |
| Launched | 2009 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/12/2009 |

## Past returns (periods to 13/11/2026)

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

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +20.88% | +16.60% | income reinvested |
| 3 years | +187.75% | +159.97% | income reinvested |
| 5 years | +234.28% | +160.92% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Invesco STOXX Europe 600 Optimised Banks UCITS ETF in pounds (price, with income reinvested in the fund): 2022 +6.0%, 2023 +23.3%, 2024 +26.6%, 2025 +90.8%; 2026 to 13/11/2026 +10.7%. Returns of Invesco STOXX Europe 600 Optimised Banks UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +35.8%; to 30/09/2025: +68.7%; to 30/09/2024: +31.6%; to 30/09/2023: +41.0%; to 30/09/2022: −10.8%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +6.0% | -2.9% | Price |
| 2023 | +23.3% | +18.4% | Price |
| 2024 | +26.6% | +22.3% | Price |
| 2025 | +90.8% | +84.3% | Price |
| 2026 to 13/11/2026 | +10.7% | +7.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 23.74% | -15.85% |
| 3 years | 20.97% | -15.85% |
| 5 years | 24.02% | -27.26% |

## Largest fall

Volatility of Invesco STOXX Europe 600 Optimised Banks UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 23.7% over 1 year, 21.0% over 3 years, 24.0% over 5 years. Largest fall in the price of Invesco STOXX Europe 600 Optimised Banks UCITS ETF since November 2021, in pounds: −27.3% from 11/02/2022 to 15/07/2022. The lowest 12-month return of Invesco STOXX Europe 600 Optimised Banks UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −13.6% (12 months to 14/10/2022); the highest was +90.8% (12 months to 02/01/2026). On 13/11/2026 the price of Invesco STOXX Europe 600 Optimised Banks UCITS ETF was 9.0% below its highest weekly close since November 2021 (04/09/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Invesco STOXX Europe 600 Optimised Banks UCITS ETF 0.20% a year. Compared on 14/11/2026, 101 of the 164 other single-sector funds charge more, 13 the same and 50 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.20%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 04/11/2026, X7PP holds 48 positions, according to its published holdings. The largest is Banco Santander at 9.22% of the fund; the ten largest make up 59.1%.

### Top holdings

Largest positions (as of 04/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Banco Santander | [SAN](https://fundology.uk/stock/SAN) | 9.22% |
| 2 | HSBC | [HSBA](https://fundology.uk/stock/HSBA) | 7.59% |
| 3 | Banco Bilbao Vizcaya Argentaria | [BBVA](https://fundology.uk/stock/BBVA) | 7.43% |
| 4 | UniCredit | [UCG](https://fundology.uk/stock/UCG) | 7.00% |
| 5 | Intesa Sanpaolo | — | 5.80% |
| 6 | BNP Paribas | [BNP](https://fundology.uk/stock/BNP) | 5.65% |
| 7 | ING Groep | [INGA](https://fundology.uk/stock/INGA) | 4.96% |
| 8 | Barclays | [BARC](https://fundology.uk/stock/BARC) | 4.16% |
| 9 | Deutsche Bank Aktiengesellschaft | [DBK](https://fundology.uk/stock/DBK) | 3.69% |
| 10 | Lloyds Banking Group | [LLOY](https://fundology.uk/stock/LLOY) | 3.58% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By country

As published for the fund, as of 29/10/2026.

| Country | Weight |
|---|---|
| United Kingdom | 22.0% |
| Spain | 20.8% |
| Italy | 16.9% |
| France | 9.4% |
| Netherlands | 6.6% |
| Germany | 4.5% |
| Sweden | 3.7% |
| Finland | 3.2% |
| Other countries | 12.7% |

All 48 holdings: https://fundology.uk/fund/x7pp/holdings

## Questions people ask

**What is the ongoing charge of X7PP?**

The ongoing charge of X7PP is 0.20% a year — about £20 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 STOXX Europe 600 Optimised Banks UCITS ETF 0.20% a year. Compared on 14/11/2026, 101 of the 164 other single-sector funds charge more, 13 the same and 50 less (share classes counted once).

**What does X7PP track?**

X7PP tracks the STOXX Europe 600 Optimised Banks Index - EUR — large and medium-sized European companies.

**Is X7PP accumulating or distributing?**

X7PP 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 X7PP?**

The ISIN of X7PP is IE00B5MTWD60. An ISIN identifies one exact share class of a fund; X7PP is its ticker on the London Stock Exchange. The same share class is also listed as X7PS (London Stock Exchange, euros) and SC0U (Xetra, euros).

**What does X7PP hold?**

As of 04/11/2026, X7PP holds 48 positions, according to its published holdings. The largest is Banco Santander at 9.22% of the fund; the ten largest make up 59.1%. Its ten largest holdings are Banco Santander (9.22%), HSBC (7.59%), Banco Bilbao Vizcaya Argentaria (7.43%), UniCredit (7.00%), Intesa Sanpaolo (5.80%), BNP Paribas (5.65%), ING Groep (4.96%), Barclays (4.16%), Deutsche Bank Aktiengesellschaft (3.69%) and Lloyds Banking Group (3.58%).

**What were X7PP’s returns in each of the last five years?**

Calendar-year returns of X7PP in pounds (price, with income reinvested in the fund): 2022 +6.0%, 2023 +23.3%, 2024 +26.6%, 2025 +90.8%; 2026 to 13/11/2026 +10.7%. Past performance is not a guide to future returns.

**How has X7PP done after inflation?**

Over the five years to 13/11/2026 X7PP’s total return was +234.3%, or +160.9% 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.