CSPX.AS vs. SC02.DE
CSPX.AS (iShares Core S&P 500 UCITS ETF) and SC02.DE (Invesco European Financials Sector UCITS ETF) are both exchange-traded funds - CSPX.AS is a S&P 500 fund tracking the S&P 500 Index, while SC02.DE is a Financials Equities fund tracking the STOXX® Europe 600 Optimised Financial Services. Both are passively managed. Over the past 10 years, CSPX.AS returned 14.86%/yr vs 11.61%/yr for SC02.DE. A 0.60 correlation means they provide meaningful diversification when combined. CSPX.AS charges 0.07%/yr vs 0.20%/yr for SC02.DE.
Performance
CSPX.AS vs. SC02.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CSPX.AS achieves a 9.99% return, which is significantly higher than SC02.DE's 2.98% return. Over the past 10 years, CSPX.AS has outperformed SC02.DE with an annualized return of 14.86%, while SC02.DE has yielded a comparatively lower 11.61% annualized return.
CSPX.AS
- 1D
- 1.55%
- 1M
- 0.57%
- YTD
- 9.99%
- 6M
- 11.11%
- 1Y
- 24.76%
- 3Y*
- 17.93%
- 5Y*
- 14.23%
- 10Y*
- 14.86%
SC02.DE
- 1D
- 2.65%
- 1M
- 3.10%
- YTD
- 2.98%
- 6M
- 8.93%
- 1Y
- 8.49%
- 3Y*
- 16.02%
- 5Y*
- 8.46%
- 10Y*
- 11.61%
CSPX.AS vs. SC02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSPX.AS iShares Core S&P 500 UCITS ETF | 9.99% | 4.00% | 33.87% | 22.28% | -14.24% | 40.26% | 7.72% | 32.99% | -0.36% | 7.13% |
SC02.DE Invesco European Financials Sector UCITS ETF | 2.98% | 9.93% | 19.25% | 27.60% | -20.74% | 24.60% | 6.09% | 46.54% | -14.49% | 18.89% |
Correlation
The correlation between CSPX.AS and SC02.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.60 |
The correlation between CSPX.AS and SC02.DE has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.
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Return for Risk
CSPX.AS vs. SC02.DE — Risk / Return Rank
CSPX.AS
SC02.DE
CSPX.AS vs. SC02.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF (CSPX.AS) and Invesco European Financials Sector UCITS ETF (SC02.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.
| CSPX.AS | SC02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.08 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 0.57 | +2.83 |
| Martin ratioReturn relative to average drawdown | 12.02 | 1.59 | +10.43 |
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Drawdowns
CSPX.AS vs. SC02.DE - Drawdown Comparison
The maximum CSPX.AS drawdown since its inception was -33.65%, smaller than the maximum SC02.DE drawdown of -42.86%. Use the drawdown chart below to compare losses from any high point for CSPX.AS and SC02.DE.
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Drawdown Indicators
| CSPX.AS | SC02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -42.86% | +9.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -12.17% | +5.06% |
Max Drawdown (3Y)Largest decline over 3 years | -23.37% | -19.17% | -4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -23.37% | -29.68% | +6.31% |
Max Drawdown (10Y)Largest decline over 10 years | -33.65% | -42.86% | +9.21% |
Current DrawdownCurrent decline from peak | -1.76% | -2.17% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -7.99% | +4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 4.37% | -2.35% |
Volatility
CSPX.AS vs. SC02.DE - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF (CSPX.AS) is 3.07%, while Invesco European Financials Sector UCITS ETF (SC02.DE) has a volatility of 5.46%. This indicates that CSPX.AS experiences smaller price fluctuations and is considered to be less risky than SC02.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSPX.AS | SC02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 5.46% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 12.84% | -5.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.53% | 16.07% | -4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 19.10% | -3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 20.61% | -4.54% |
CSPX.AS vs. SC02.DE - Expense Ratio Comparison
CSPX.AS has a 0.07% expense ratio, which is lower than SC02.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
CSPX.AS vs. SC02.DE - Dividend Comparison
Neither CSPX.AS nor SC02.DE has paid dividends to shareholders.
Frequently Asked Questions
CSPX.AS and SC02.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSPX.AS is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSPX.AS is cheaper with a 0.07% expense ratio, compared with 0.20% for SC02.DE.
CSPX.AS is categorized as S&P 500, while SC02.DE is Financials Equities. CSPX.AS tracks S&P 500 Index, while SC02.DE tracks STOXX® Europe 600 Optimised Financial Services. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for CSPX.AS and 0.20% for SC02.DE.
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