DELG.DE vs. SC0H.DE

Last updated Jun 5, 2026

DELG.DE (L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating) and SC0H.DE (Invesco MSCI USA UCITS ETF) are both Large Cap Blend Equities funds - DELG.DE tracks the Foxberry Sustainability Consensus US while SC0H.DE tracks the MSCI USA. Both are passively managed. Over the past 5 years, DELG.DE returned 14.64%/yr vs 14.59%/yr for SC0H.DE. Their correlation of 0.95 suggests significant overlap in exposure. DELG.DE charges 0.12%/yr vs 0.05%/yr for SC0H.DE.

Performance

DELG.DE vs. SC0H.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating (DELG.DE) and Invesco MSCI USA UCITS ETF (SC0H.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DELG.DE achieves a 10.45% return, which is significantly lower than SC0H.DE's 11.30% return.

DELG.DE

• 1D: -0.17%
• 1M: 6.20%
• YTD: 10.45%
• 6M: 10.40%
• 1Y: 25.92%
• 3Y*: 19.55%
• 5Y*: 14.64%
• 10Y*: —

SC0H.DE

• 1D: -0.11%
• 1M: 4.53%
• YTD: 11.30%
• 6M: 10.69%
• 1Y: 25.27%
• 3Y*: 19.18%
• 5Y*: 14.59%
• 10Y*: 15.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DELG.DE vs. SC0H.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DELG.DE L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating	10.45%	6.14%	33.62%	26.50%	-19.07%	38.54%	10.87%
SC0H.DE Invesco MSCI USA UCITS ETF	11.30%	4.77%	32.56%	23.60%	-15.55%	38.99%	7.53%

Correlation

The correlation between DELG.DE and SC0H.DE is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jan 28, 2020	0.95

The correlation between DELG.DE and SC0H.DE has been stable across timeframes, ranging from 0.95 to 0.99 - a consistent structural relationship.

Return for Risk

DELG.DE vs. SC0H.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DELG.DE

DELG.DE Risk / Return Rank: 59
DELG.DE Sharpe Ratio Rank: 60
DELG.DE Sortino Ratio Rank: 59
DELG.DE Omega Ratio Rank: 61
DELG.DE Calmar Ratio Rank: 58
DELG.DE Martin Ratio Rank: 59

SC0H.DE

SC0H.DE Risk / Return Rank: 67
SC0H.DE Sharpe Ratio Rank: 67
SC0H.DE Sortino Ratio Rank: 64
SC0H.DE Omega Ratio Rank: 68
SC0H.DE Calmar Ratio Rank: 70
SC0H.DE Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DELG.DE vs. SC0H.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating (DELG.DE) and Invesco MSCI USA UCITS ETF (SC0H.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.

	DELG.DE	SC0H.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.99	2.16	-0.17
Sortino ratio: Return per unit of downside risk	2.76	2.94	-0.18
Omega ratio: Gain probability vs. loss probability	1.36	1.40	-0.04
Calmar ratio: Return relative to maximum drawdown	2.82	3.45	-0.63
Martin ratio: Return relative to average drawdown	10.31	11.96	-1.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DELG.DE vs. SC0H.DE - Sharpe Ratio Comparison

The current DELG.DE Sharpe Ratio is 1.99, which is comparable to the SC0H.DE Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of DELG.DE and SC0H.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DELG.DE	SC0H.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	2.16	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.94	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.98	-0.16

Drawdowns

DELG.DE vs. SC0H.DE - Drawdown Comparison

The maximum DELG.DE drawdown since its inception was -31.08%, smaller than the maximum SC0H.DE drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for DELG.DE and SC0H.DE.

Drawdown Indicators

	DELG.DE	SC0H.DE	Difference
Max Drawdown Largest peak-to-trough decline	-31.08%	-34.20%	+3.12%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-7.32%	-1.83%
Max Drawdown (3Y) Largest decline over 3 years	-24.38%	-23.66%	-0.72%
Max Drawdown (5Y) Largest decline over 5 years	-24.38%	-23.66%	-0.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.20%	—
Current Drawdown Current decline from peak	-0.57%	-0.41%	-0.16%
Average Drawdown Average peak-to-trough decline	-5.47%	-4.13%	-1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	2.11%	+0.40%

Volatility

DELG.DE vs. SC0H.DE - Volatility Comparison

L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating (DELG.DE) has a higher volatility of 3.31% compared to Invesco MSCI USA UCITS ETF (SC0H.DE) at 2.68%. This indicates that DELG.DE's price experiences larger fluctuations and is considered to be riskier than SC0H.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DELG.DE	SC0H.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	2.68%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	7.66%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	12.95%	11.67%	+1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.14%	15.41%	+0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.82%	16.23%	+2.59%

DELG.DE vs. SC0H.DE - Expense Ratio Comparison

DELG.DE has a 0.12% expense ratio, which is higher than SC0H.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

DELG.DE vs. SC0H.DE - Dividend Comparison

Neither DELG.DE nor SC0H.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DELG.DE and SC0H.DE in my portfolio?

With a correlation of 0.98, DELG.DE and SC0H.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.

Which ETF is better, DELG.DE or SC0H.DE?

On fees, SC0H.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DELG.DE or SC0H.DE?

SC0H.DE is cheaper with a 0.05% expense ratio, compared with 0.12% for DELG.DE.

What is the main difference between DELG.DE and SC0H.DE?

DELG.DE tracks Foxberry Sustainability Consensus US, while SC0H.DE tracks MSCI USA. They also come from different issuers: Legal & General and Invesco. Their fees differ too: 0.12% for DELG.DE and 0.05% for SC0H.DE.