6PSE.DE vs. SC0E.DE
6PSE.DE (Invesco MSCI USA UCITS ETF Dist) and SC0E.DE (Invesco MSCI Europe UCITS ETF) are both exchange-traded funds - 6PSE.DE is a Large Cap Blend Equities fund tracking the MSCI USA, while SC0E.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 3 years, 6PSE.DE returned 19.18%/yr vs 13.60%/yr for SC0E.DE. A 0.61 correlation means they provide meaningful diversification when combined. 6PSE.DE charges 0.05%/yr vs 0.19%/yr for SC0E.DE.
Performance
6PSE.DE vs. SC0E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 6PSE.DE achieves a 11.33% return, which is significantly higher than SC0E.DE's 7.48% return.
6PSE.DE
- 1D
- -0.18%
- 1M
- 4.51%
- YTD
- 11.33%
- 6M
- 10.72%
- 1Y
- 25.24%
- 3Y*
- 19.18%
- 5Y*
- —
- 10Y*
- —
SC0E.DE
- 1D
- 0.62%
- 1M
- 1.21%
- YTD
- 7.48%
- 6M
- 9.93%
- 1Y
- 15.85%
- 3Y*
- 13.60%
- 5Y*
- 9.92%
- 10Y*
- 9.06%
6PSE.DE vs. SC0E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 11.33% | 4.78% | 32.52% | 23.62% | -6.58% |
SC0E.DE Invesco MSCI Europe UCITS ETF | 7.48% | 20.15% | 8.25% | 15.48% | -4.50% |
Correlation
The correlation between 6PSE.DE and SC0E.DE is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.62 |
The correlation between 6PSE.DE and SC0E.DE has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.
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Return for Risk
6PSE.DE vs. SC0E.DE — Risk / Return Rank
6PSE.DE
SC0E.DE
6PSE.DE vs. SC0E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA UCITS ETF Dist (6PSE.DE) and Invesco MSCI Europe UCITS ETF (SC0E.DE). 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.
| 6PSE.DE | SC0E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.24 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 1.70 | +1.73 |
| Martin ratioReturn relative to average drawdown | 11.99 | 6.31 | +5.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 6PSE.DE | SC0E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 1.25 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.72 | +0.21 |
Drawdowns
6PSE.DE vs. SC0E.DE - Drawdown Comparison
The maximum 6PSE.DE drawdown since its inception was -23.70%, smaller than the maximum SC0E.DE drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for 6PSE.DE and SC0E.DE.
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Drawdown Indicators
| 6PSE.DE | SC0E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.70% | -35.65% | +11.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.31% | -9.43% | +2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -23.70% | -16.54% | -7.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.33% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.65% | — |
Current DrawdownCurrent decline from peak | -0.41% | -1.56% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -5.70% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.55% | -0.45% |
Volatility
6PSE.DE vs. SC0E.DE - Volatility Comparison
The current volatility for Invesco MSCI USA UCITS ETF Dist (6PSE.DE) is 2.73%, while Invesco MSCI Europe UCITS ETF (SC0E.DE) has a volatility of 4.35%. This indicates that 6PSE.DE experiences smaller price fluctuations and is considered to be less risky than SC0E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 6PSE.DE | SC0E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 4.35% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.68% | 10.58% | -2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.65% | 12.83% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.41% | 14.59% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.41% | 16.36% | -0.95% |
6PSE.DE vs. SC0E.DE - Expense Ratio Comparison
6PSE.DE has a 0.05% expense ratio, which is lower than SC0E.DE's 0.19% 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
6PSE.DE vs. SC0E.DE - Dividend Comparison
6PSE.DE's dividend yield for the trailing twelve months is around 1.05%, while SC0E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 1.05% | 1.16% | 1.26% | 1.51% | 1.69% |
SC0E.DE Invesco MSCI Europe UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
6PSE.DE and SC0E.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 6PSE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSE.DE is cheaper with a 0.05% expense ratio, compared with 0.19% for SC0E.DE.
6PSE.DE is categorized as Large Cap Blend Equities, while SC0E.DE is Europe Equities. 6PSE.DE tracks MSCI USA, while SC0E.DE tracks MSCI Europe. Their fees differ too: 0.05% for 6PSE.DE and 0.19% for SC0E.DE.
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