ALAG.L vs. SC04.DE
ALAG.L (Amundi MSCI Em Latin America UCITS ETF-C USD) and SC04.DE (Invesco European Household Sector UCITS ETF) are both exchange-traded funds - ALAG.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while SC04.DE is a Consumer Staples Equities fund tracking the STOXX® Europe 600 Optimised Personal & Household Goods. Both are passively managed. Over the past 10 years, ALAG.L returned 8.49%/yr vs 5.40%/yr for SC04.DE. At a 0.37 correlation, their price movements are largely independent. ALAG.L charges 0.10%/yr vs 0.20%/yr for SC04.DE.
Performance
ALAG.L vs. SC04.DE - Performance Comparison
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Different Trading Currencies
ALAG.L is traded in GBp, while SC04.DE is traded in EUR. To make them comparable, the SC04.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ALAG.L achieves a 10.55% return, which is significantly higher than SC04.DE's -11.39% return. Over the past 10 years, ALAG.L has outperformed SC04.DE with an annualized return of 8.49%, while SC04.DE has yielded a comparatively lower 5.40% annualized return.
ALAG.L
- 1D
- -0.47%
- 1M
- -6.14%
- YTD
- 10.55%
- 6M
- 7.97%
- 1Y
- 38.67%
- 3Y*
- 10.97%
- 5Y*
- 9.69%
- 10Y*
- 8.49%
SC04.DE
- 1D
- 0.03%
- 1M
- 2.58%
- YTD
- -11.39%
- 6M
- -11.35%
- 1Y
- -1.58%
- 3Y*
- 0.02%
- 5Y*
- 0.96%
- 10Y*
- 5.40%
ALAG.L vs. SC04.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALAG.L Amundi MSCI Em Latin America UCITS ETF-C USD | 10.55% | 44.31% | -25.31% | 25.10% | 21.74% | -8.24% | -16.56% | 12.56% | -1.55% | 12.30% |
SC04.DE Invesco European Household Sector UCITS ETF | -11.39% | 13.17% | 2.41% | 6.32% | -6.07% | 10.95% | 12.56% | 22.76% | -15.00% | 18.10% |
Correlation
The correlation between ALAG.L and SC04.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.37 |
The correlation between ALAG.L and SC04.DE shifts across timeframes, from 0.27 (1 year) to 0.37 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
ALAG.L vs. SC04.DE — Risk / Return Rank
ALAG.L
SC04.DE
ALAG.L vs. SC04.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) and Invesco European Household Sector UCITS ETF (SC04.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.
| ALAG.L | SC04.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.00 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | -0.10 | +3.72 |
| Martin ratioReturn relative to average drawdown | 10.83 | -0.23 | +11.05 |
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
| ALAG.L | SC04.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | -0.10 | +2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.06 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.32 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.58 | -0.18 |
Drawdowns
ALAG.L vs. SC04.DE - Drawdown Comparison
The maximum ALAG.L drawdown since its inception was -48.94%, which is greater than SC04.DE's maximum drawdown of -25.18%. Use the drawdown chart below to compare losses from any high point for ALAG.L and SC04.DE.
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Drawdown Indicators
| ALAG.L | SC04.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.94% | -25.18% | -23.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -15.89% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -15.93% | -9.81% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -22.08% | -3.66% |
Max Drawdown (10Y)Largest decline over 10 years | -48.94% | -25.18% | -23.76% |
Current DrawdownCurrent decline from peak | -10.63% | -13.57% | +2.94% |
Average DrawdownAverage peak-to-trough decline | -12.08% | -5.51% | -6.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 6.89% | -3.33% |
Volatility
ALAG.L vs. SC04.DE - Volatility Comparison
The current volatility for Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) is 4.67%, while Invesco European Household Sector UCITS ETF (SC04.DE) has a volatility of 5.33%. This indicates that ALAG.L experiences smaller price fluctuations and is considered to be less risky than SC04.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALAG.L | SC04.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 5.33% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 13.54% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.38% | 16.50% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.42% | 17.30% | +3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.89% | 16.95% | +7.94% |
ALAG.L vs. SC04.DE - Expense Ratio Comparison
ALAG.L has a 0.10% expense ratio, which is lower than SC04.DE's 0.20% 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
ALAG.L vs. SC04.DE - Dividend Comparison
Neither ALAG.L nor SC04.DE has paid dividends to shareholders.
Frequently Asked Questions
ALAG.L and SC04.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ALAG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ALAG.L is cheaper with a 0.10% expense ratio, compared with 0.20% for SC04.DE.
ALAG.L is categorized as Latin America Equities, while SC04.DE is Consumer Staples Equities. ALAG.L tracks MSCI EM Latin America NR USD, while SC04.DE tracks STOXX® Europe 600 Optimised Personal & Household Goods. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.10% for ALAG.L and 0.20% for SC04.DE.
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