AE50.DE vs. SC0D.DE
AE50.DE (Amundi ETF STOXX Europe 50 UCITS ETF EUR) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - AE50.DE tracks the STOXX® Europe 50 while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, AE50.DE returned 10.59%/yr vs 11.86%/yr for SC0D.DE. Their correlation of 0.91 suggests significant overlap in exposure. AE50.DE charges 0.15%/yr vs 0.05%/yr for SC0D.DE.
Performance
AE50.DE vs. SC0D.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AE50.DE achieves a 11.24% return, which is significantly higher than SC0D.DE's 10.32% return. Over the past 10 years, AE50.DE has underperformed SC0D.DE with an annualized return of 10.59%, while SC0D.DE has yielded a comparatively higher 11.86% annualized return.
AE50.DE
- 1D
- 0.71%
- 1M
- 3.13%
- YTD
- 11.24%
- 6M
- 11.92%
- 1Y
- 24.57%
- 3Y*
- 13.99%
- 5Y*
- 11.73%
- 10Y*
- 10.59%
SC0D.DE
- 1D
- 0.85%
- 1M
- 3.42%
- YTD
- 10.32%
- 6M
- 11.25%
- 1Y
- 22.33%
- 3Y*
- 16.61%
- 5Y*
- 11.80%
- 10Y*
- 11.86%
AE50.DE vs. SC0D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AE50.DE Amundi ETF STOXX Europe 50 UCITS ETF EUR | 11.24% | 18.08% | 7.63% | 14.90% | -1.62% | 26.03% | -6.38% | 28.61% | -10.46% | 9.34% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 10.32% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | -3.03% | 30.01% | -12.06% | 10.07% |
Correlation
The correlation between AE50.DE and SC0D.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2014 | 0.91 |
The correlation between AE50.DE and SC0D.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
AE50.DE vs. SC0D.DE — Risk / Return Rank
AE50.DE
SC0D.DE
AE50.DE vs. SC0D.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF STOXX Europe 50 UCITS ETF EUR (AE50.DE) and Invesco EURO STOXX 50 UCITS ETF (SC0D.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.
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.
| AE50.DE | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.03 | +0.53 |
| Martin ratioReturn relative to average drawdown | 9.38 | 7.09 | +2.29 |
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Drawdowns
AE50.DE vs. SC0D.DE - Drawdown Comparison
The maximum AE50.DE drawdown since its inception was -32.20%, smaller than the maximum SC0D.DE drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for AE50.DE and SC0D.DE.
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Drawdown Indicators
| AE50.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.20% | -38.50% | +6.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.54% | -10.93% | +1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -17.29% | -16.54% | -0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -17.29% | -23.38% | +6.09% |
Max Drawdown (10Y)Largest decline over 10 years | -32.20% | -38.50% | +6.30% |
Current DrawdownCurrent decline from peak | 0.00% | -0.85% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -7.08% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 3.14% | -0.53% |
Volatility
AE50.DE vs. SC0D.DE - Volatility Comparison
The current volatility for Amundi ETF STOXX Europe 50 UCITS ETF EUR (AE50.DE) is 2.91%, while Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a volatility of 3.63%. This indicates that AE50.DE experiences smaller price fluctuations and is considered to be less risky than SC0D.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AE50.DE | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 3.63% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.98% | 13.20% | -2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 16.04% | -2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 17.55% | -3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.87% | 17.97% | -3.10% |
AE50.DE vs. SC0D.DE - Expense Ratio Comparison
AE50.DE has a 0.15% expense ratio, which is higher than SC0D.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AE50.DE vs. SC0D.DE - Dividend Comparison
Neither AE50.DE nor SC0D.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, AE50.DE and SC0D.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SC0D.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0D.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for AE50.DE.
AE50.DE tracks STOXX® Europe 50, while SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.15% for AE50.DE and 0.05% for SC0D.DE.
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