# Invesco STOXX Europe 600 Optimised Banks UCITS ETF (X7PP) **Source:** https://fundology.uk/fund/x7pp · ISIN IE00B5MTWD60 · Data: TradingView (LSE closes and returns, delayed), issuer documents, 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 30/09/2026, X7PP (Invesco STOXX Europe 600 Optimised Banks UCITS ETF, ISIN IE00B5MTWD60) closed at £212.63 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 30/09/2026 its total return was +293.2%, or +207.4% 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: **£212.63** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | X7PP | | ISIN | IE00B5MTWD60 | | 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 | £441m | | Launched | 2009 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) 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 | +39.79% | +35.40% | income reinvested | | 3 years | +204.66% | +174.92% | income reinvested | | 5 years | +293.17% | +207.35% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS 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 +25.9%, 2025 +88.6%; 2026 to 30/09/2026 +19.7%. 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: +36.2%; to 30/09/2025: +68.2%; to 30/09/2024: +31.6%; to 30/09/2023: +41.0%; to 30/09/2022: −9.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +6.0% | -2.9% | Price | | 2023 | +23.3% | +18.4% | Price | | 2024 | +25.9% | +21.7% | Price | | 2025 | +88.6% | +82.1% | Price | | 2026 to 30/09/2026 | +19.7% | +16.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 21.90% | -13.71% | | 3 years | 20.20% | -13.71% | | 5 years | 23.59% | -27.26% | ## Largest fall Volatility of Invesco STOXX Europe 600 Optimised Banks UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 21.9% over 1 year, 20.2% over 3 years, 23.6% over 5 years. Largest fall in the price of Invesco STOXX Europe 600 Optimised Banks UCITS ETF since October 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 30/09/2026 the price of Invesco STOXX Europe 600 Optimised Banks UCITS ETF was 3.2% below its highest weekly close since October 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, as of 01/10/2026: 90 of the 141 other single-sector funds charge more, 4 the same and 47 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.20%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 21/09/2026): | Holding | Weight | |---|---| | Banco Santander | 10.00% | | HSBC | 7.90% | | Banco Bilbao Vizcaya Argentaria | 7.61% | | Unicredit | 6.84% | | Intesa Sanpaolo | 5.72% | | BNP Paribas Act.A | 5.69% | | ING Groep | 5.01% | | Barclays | 4.01% | | Lloyds Banking Group | 3.60% | | Deutsche Bank N | 3.44% | ## 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 | |---|---| | Financials | 21.0% | | Health Care | 16.3% | | Information Technology | 14.1% | | Industrials | 10.4% | | Consumer Staples | 10.0% | | Consumer Discretionary | 7.8% | | Materials | 6.2% | | Energy | 4.8% | | Other sectors | 9.4% | ### By country As published by Invesco, as of 21/09/2026. | Country | Weight | |---|---| | United States | 37.8% | | Switzerland | 36.6% | | Denmark | 6.6% | | Sweden | 6.3% | | Germany | 3.7% | | Netherlands | 3.5% | | Portugal | 2.7% | | Japan | 1.0% | | Other countries | 1.9% | All 47 holdings: https://fundology.uk/fund/x7pp/holdings --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.