ED3F.DE vs. SC0E.DE
ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) and SC0E.DE (Invesco MSCI Europe UCITS ETF) are both exchange-traded funds - ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index, while SC0E.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past year, ED3F.DE returned -1.88% vs 16.11% for SC0E.DE. At a 0.33 correlation, their price movements are largely independent. ED3F.DE charges 0.40%/yr vs 0.19%/yr for SC0E.DE.
Performance
ED3F.DE vs. SC0E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ED3F.DE achieves a 0.02% return, which is significantly lower than SC0E.DE's 7.48% return.
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SC0E.DE
- 1D
- 0.62%
- 1M
- 3.45%
- YTD
- 7.48%
- 6M
- 9.73%
- 1Y
- 16.11%
- 3Y*
- 13.60%
- 5Y*
- 9.92%
- 10Y*
- 9.06%
ED3F.DE vs. SC0E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
SC0E.DE Invesco MSCI Europe UCITS ETF | 7.48% | 8.39% |
Correlation
The correlation between ED3F.DE and SC0E.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.33 |
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Return for Risk
ED3F.DE vs. SC0E.DE — Risk / Return Rank
ED3F.DE
SC0E.DE
ED3F.DE vs. SC0E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) and Invesco MSCI Europe UCITS ETF (SC0E.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.
| ED3F.DE | SC0E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.24 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 1.70 | -1.78 |
| Martin ratioReturn relative to average drawdown | -0.18 | 6.31 | -6.49 |
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
| ED3F.DE | SC0E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 1.25 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.72 | -0.56 |
Drawdowns
ED3F.DE vs. SC0E.DE - Drawdown Comparison
The maximum ED3F.DE drawdown since its inception was -23.91%, smaller than the maximum SC0E.DE drawdown of -35.65%. Use the drawdown chart below to compare losses from any high point for ED3F.DE and SC0E.DE.
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Drawdown Indicators
| ED3F.DE | SC0E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.91% | -35.65% | +11.74% |
Max Drawdown (1Y)Largest decline over 1 year | -23.91% | -9.43% | -14.48% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.33% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.65% | — |
Current DrawdownCurrent decline from peak | -20.80% | -1.56% | -19.24% |
Average DrawdownAverage peak-to-trough decline | -8.37% | -5.70% | -2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.25% | 2.55% | +7.70% |
Volatility
ED3F.DE vs. SC0E.DE - Volatility Comparison
Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a higher volatility of 10.58% compared to Invesco MSCI Europe UCITS ETF (SC0E.DE) at 4.35%. This indicates that ED3F.DE's price experiences larger fluctuations and is considered to be riskier than SC0E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ED3F.DE | SC0E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.58% | 4.35% | +6.23% |
Volatility (6M)Calculated over the trailing 6-month period | 22.80% | 10.58% | +12.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.60% | 12.83% | +17.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.42% | 14.59% | +15.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.42% | 16.36% | +14.06% |
ED3F.DE vs. SC0E.DE - Expense Ratio Comparison
ED3F.DE has a 0.40% expense ratio, which is higher than SC0E.DE's 0.19% expense ratio.
Dividends
ED3F.DE vs. SC0E.DE - Dividend Comparison
Neither ED3F.DE nor SC0E.DE has paid dividends to shareholders.
Frequently Asked Questions
ED3F.DE and SC0E.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0E.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0E.DE is cheaper with a 0.19% expense ratio, compared with 0.40% for ED3F.DE.
ED3F.DE is categorized as Aerospace & Defense, while SC0E.DE is Europe Equities. ED3F.DE tracks Mirae Asset Europe Defence Tech Index, while SC0E.DE tracks MSCI Europe. They also come from different issuers: Global X and Invesco. Their fees differ too: 0.40% for ED3F.DE and 0.19% for SC0E.DE.
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