CSPX.AS vs. SC0U.DE
CSPX.AS (iShares Core S&P 500 UCITS ETF) and SC0U.DE (Invesco European Banks Sector UCITS ETF) are both exchange-traded funds - CSPX.AS is a S&P 500 fund tracking the S&P 500 Index, while SC0U.DE is a Financials Equities fund tracking the STOXX® Europe 600 Optimised Banks. Both are passively managed. Over the past 10 years, CSPX.AS returned 14.86%/yr vs 15.32%/yr for SC0U.DE. At a 0.46 correlation, their price movements are largely independent. CSPX.AS charges 0.07%/yr vs 0.20%/yr for SC0U.DE.
Performance
CSPX.AS vs. SC0U.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 SC0U.DE's 8.50% return. Both investments have delivered pretty close results over the past 10 years, with CSPX.AS having a 14.86% annualized return and SC0U.DE not far ahead at 15.32%.
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%
SC0U.DE
- 1D
- 4.29%
- 1M
- 7.40%
- YTD
- 8.50%
- 6M
- 14.36%
- 1Y
- 45.31%
- 3Y*
- 43.09%
- 5Y*
- 28.15%
- 10Y*
- 15.32%
CSPX.AS vs. SC0U.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% |
SC0U.DE Invesco European Banks Sector UCITS ETF | 8.50% | 79.97% | 32.49% | 25.93% | -0.07% | 37.72% | -22.62% | 15.49% | -26.78% | 10.92% |
Correlation
The correlation between CSPX.AS and SC0U.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.46 |
The correlation between CSPX.AS and SC0U.DE shifts across timeframes, from 0.35 (3 years) to 0.49 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CSPX.AS vs. SC0U.DE — Risk / Return Rank
CSPX.AS
SC0U.DE
CSPX.AS vs. SC0U.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 Banks Sector UCITS ETF (SC0U.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 | SC0U.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.31 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 2.57 | +0.82 |
| Martin ratioReturn relative to average drawdown | 12.02 | 8.44 | +3.57 |
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Drawdowns
CSPX.AS vs. SC0U.DE - Drawdown Comparison
The maximum CSPX.AS drawdown since its inception was -33.65%, smaller than the maximum SC0U.DE drawdown of -60.69%. Use the drawdown chart below to compare losses from any high point for CSPX.AS and SC0U.DE.
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Drawdown Indicators
| CSPX.AS | SC0U.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -60.69% | +27.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -16.70% | +9.59% |
Max Drawdown (3Y)Largest decline over 3 years | -23.37% | -19.82% | -3.55% |
Max Drawdown (5Y)Largest decline over 5 years | -23.37% | -29.85% | +6.48% |
Max Drawdown (10Y)Largest decline over 10 years | -33.65% | -56.61% | +22.96% |
Current DrawdownCurrent decline from peak | -1.76% | 0.00% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -20.11% | +16.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 5.10% | -3.08% |
Volatility
CSPX.AS vs. SC0U.DE - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF (CSPX.AS) is 3.07%, while Invesco European Banks Sector UCITS ETF (SC0U.DE) has a volatility of 6.96%. This indicates that CSPX.AS experiences smaller price fluctuations and is considered to be less risky than SC0U.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 | SC0U.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 6.96% | -3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 18.92% | -11.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.53% | 23.11% | -11.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 23.71% | -8.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 25.59% | -9.52% |
CSPX.AS vs. SC0U.DE - Expense Ratio Comparison
CSPX.AS has a 0.07% expense ratio, which is lower than SC0U.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. SC0U.DE - Dividend Comparison
Neither CSPX.AS nor SC0U.DE has paid dividends to shareholders.
Frequently Asked Questions
CSPX.AS and SC0U.DE have a correlation of 0.49, 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 SC0U.DE.
CSPX.AS is categorized as S&P 500, while SC0U.DE is Financials Equities. CSPX.AS tracks S&P 500 Index, while SC0U.DE tracks STOXX® Europe 600 Optimised Banks. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for CSPX.AS and 0.20% for SC0U.DE.
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