E903.DE vs. SC0D.DE
E903.DE (Amundi DivDAX II UCITS ETF Dist) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - E903.DE tracks the DivDAX® while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, E903.DE returned 7.64%/yr vs 10.37%/yr for SC0D.DE. Their correlation of 0.87 suggests significant overlap in exposure. E903.DE charges 0.25%/yr vs 0.05%/yr for SC0D.DE.
Performance
E903.DE vs. SC0D.DE - Performance Comparison
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Returns By Period
In the year-to-date period, E903.DE achieves a 1.54% return, which is significantly lower than SC0D.DE's 7.29% return. Over the past 10 years, E903.DE has underperformed SC0D.DE with an annualized return of 7.64%, while SC0D.DE has yielded a comparatively higher 10.37% annualized return.
E903.DE
- 1D
- -0.69%
- 1M
- -2.94%
- YTD
- 1.54%
- 6M
- 3.05%
- 1Y
- 8.07%
- 3Y*
- 9.49%
- 5Y*
- 5.65%
- 10Y*
- 7.64%
SC0D.DE
- 1D
- 0.74%
- 1M
- 1.96%
- YTD
- 7.29%
- 6M
- 8.66%
- 1Y
- 15.55%
- 3Y*
- 15.50%
- 5Y*
- 11.35%
- 10Y*
- 10.37%
E903.DE vs. SC0D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
E903.DE Amundi DivDAX II UCITS ETF Dist | 1.54% | 21.96% | 4.36% | 17.02% | -10.82% | 13.58% | 1.62% | 23.29% | -16.27% | 13.76% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 7.29% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | -3.03% | 30.01% | -12.05% | 10.07% |
Correlation
The correlation between E903.DE and SC0D.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2015 | 0.87 |
Over the past year, the correlation between E903.DE and SC0D.DE has dropped to 0.66 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
E903.DE vs. SC0D.DE — Risk / Return Rank
E903.DE
SC0D.DE
E903.DE vs. SC0D.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi DivDAX II UCITS ETF Dist (E903.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.
| E903.DE | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.18 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.43 | -0.59 |
| Martin ratioReturn relative to average drawdown | 2.33 | 4.87 | -2.53 |
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
| E903.DE | SC0D.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 0.98 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.64 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.56 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.46 | -0.12 |
Drawdowns
E903.DE vs. SC0D.DE - Drawdown Comparison
The maximum E903.DE drawdown since its inception was -41.56%, which is greater than SC0D.DE's maximum drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for E903.DE and SC0D.DE.
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Drawdown Indicators
| E903.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.56% | -38.50% | -3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -10.93% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | -16.54% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | -23.38% | -1.99% |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | -38.50% | -3.06% |
Current DrawdownCurrent decline from peak | -5.02% | -0.53% | -4.49% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -7.22% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 3.21% | +0.34% |
Volatility
E903.DE vs. SC0D.DE - Volatility Comparison
The current volatility for Amundi DivDAX II UCITS ETF Dist (E903.DE) is 3.68%, while Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a volatility of 4.94%. This indicates that E903.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
| E903.DE | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 4.94% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 12.94% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 15.95% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 17.53% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 18.27% | +0.41% |
E903.DE vs. SC0D.DE - Expense Ratio Comparison
E903.DE has a 0.25% 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
E903.DE vs. SC0D.DE - Dividend Comparison
E903.DE's dividend yield for the trailing twelve months is around 3.61%, while SC0D.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
E903.DE Amundi DivDAX II UCITS ETF Dist | 3.61% | 3.66% | 4.20% | 5.26% | 3.88% | 2.62% | 3.28% | 3.24% | 3.74% | 2.45% | 2.97% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
E903.DE and SC0D.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.25% for E903.DE.
E903.DE tracks DivDAX®, while SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.25% for E903.DE and 0.05% for SC0D.DE.
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