AW1Z.DE vs. SC0D.DE
AW1Z.DE (UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - AW1Z.DE tracks the MSCI EMU Climate Paris Aligned while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 5 years, AW1Z.DE returned 7.97%/yr vs 12.12%/yr for SC0D.DE. With a 0.96 correlation, they move nearly in lockstep. AW1Z.DE charges 0.14%/yr vs 0.05%/yr for SC0D.DE.
Performance
AW1Z.DE vs. SC0D.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AW1Z.DE having a 9.37% return and SC0D.DE slightly higher at 9.71%.
AW1Z.DE
- 1D
- 0.00%
- 1M
- -1.84%
- 6M
- 5.98%
- YTD
- 9.37%
- 1Y
- 14.54%
- 3Y*
- 11.80%
- 5Y*
- 7.97%
- 10Y*
- —
SC0D.DE
- 1D
- -0.83%
- 1M
- -1.40%
- 6M
- 5.51%
- YTD
- 9.71%
- 1Y
- 19.23%
- 3Y*
- 15.56%
- 5Y*
- 12.12%
- 10Y*
- 10.85%
AW1Z.DE vs. SC0D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW1Z.DE UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc | 9.37% | 16.28% | 6.31% | 17.64% | -13.87% | 18.74% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 9.71% | 22.01% | 10.91% | 22.46% | -9.02% | 16.76% |
Correlation
The correlation between AW1Z.DE and SC0D.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.96 |
The correlation between AW1Z.DE and SC0D.DE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
AW1Z.DE vs. SC0D.DE — Risk / Return Rank
AW1Z.DE
SC0D.DE
AW1Z.DE vs. SC0D.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.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.
| AW1Z.DE | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.71 | -0.38 |
| Martin ratioReturn relative to average drawdown | 4.77 | 6.00 | -1.24 |
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Drawdowns
AW1Z.DE vs. SC0D.DE - Drawdown Comparison
The maximum AW1Z.DE drawdown since its inception was -24.70%, smaller than the maximum SC0D.DE drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for AW1Z.DE and SC0D.DE.
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Drawdown Indicators
| AW1Z.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -38.50% | +13.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -10.93% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -16.54% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -23.38% | -1.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.50% | — |
Current DrawdownCurrent decline from peak | -2.16% | -2.85% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -7.06% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.12% | -0.12% |
Volatility
AW1Z.DE vs. SC0D.DE - Volatility Comparison
The current volatility for UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.DE) is 3.86%, while Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a volatility of 4.14%. This indicates that AW1Z.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
| AW1Z.DE | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 4.14% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 13.36% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 16.12% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 17.55% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 17.90% | -1.85% |
AW1Z.DE vs. SC0D.DE - Expense Ratio Comparison
AW1Z.DE has a 0.14% 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
AW1Z.DE vs. SC0D.DE - Dividend Comparison
Neither AW1Z.DE nor SC0D.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, AW1Z.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 0.14% for AW1Z.DE.
AW1Z.DE tracks MSCI EMU Climate Paris Aligned, while SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: UBS and Invesco. Their fees differ too: 0.14% for AW1Z.DE and 0.05% for SC0D.DE.
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