EMNE.DE vs. SC0D.DE
EMNE.DE (iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist)) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - EMNE.DE tracks the MSCI EMU ESG Enhanced Focus CTB Index while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 5 years, EMNE.DE returned 10.53%/yr vs 12.25%/yr for SC0D.DE. Their correlation of 0.86 suggests significant overlap in exposure. EMNE.DE charges 0.12%/yr vs 0.05%/yr for SC0D.DE.
Performance
EMNE.DE vs. SC0D.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EMNE.DE having a 10.66% return and SC0D.DE slightly lower at 10.33%.
EMNE.DE
- 1D
- -0.22%
- 1M
- -0.33%
- 6M
- 7.66%
- YTD
- 10.66%
- 1Y
- 20.09%
- 3Y*
- 15.22%
- 5Y*
- 10.53%
- 10Y*
- —
SC0D.DE
- 1D
- -0.22%
- 1M
- 0.59%
- 6M
- 6.49%
- YTD
- 10.33%
- 1Y
- 19.95%
- 3Y*
- 15.53%
- 5Y*
- 12.25%
- 10Y*
- 10.81%
EMNE.DE vs. SC0D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 10.66% | 22.18% | 9.86% | 18.79% | -12.35% | 22.75% | 1.44% | 16.09% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 10.33% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | -3.03% | 17.09% |
Correlation
The correlation between EMNE.DE and SC0D.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 | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.86 |
The correlation between EMNE.DE and SC0D.DE shifts across timeframes, from 0.86 (all time) to 0.98 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMNE.DE vs. SC0D.DE — Risk / Return Rank
EMNE.DE
SC0D.DE
EMNE.DE vs. SC0D.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.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.
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.
| EMNE.DE | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.82 | +0.02 |
| Martin ratioReturn relative to average drawdown | 6.80 | 6.40 | +0.40 |
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Drawdowns
EMNE.DE vs. SC0D.DE - Drawdown Comparison
The maximum EMNE.DE drawdown since its inception was -34.37%, smaller than the maximum SC0D.DE drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for EMNE.DE and SC0D.DE.
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Drawdown Indicators
| EMNE.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -38.50% | +4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -10.93% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -16.54% | +1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -23.38% | -1.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.50% | — |
Current DrawdownCurrent decline from peak | -2.07% | -2.30% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -7.06% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.11% | -0.16% |
Volatility
EMNE.DE vs. SC0D.DE - Volatility Comparison
The current volatility for iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) (EMNE.DE) is 3.83%, while Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a volatility of 4.14%. This indicates that EMNE.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
| EMNE.DE | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 4.14% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 13.44% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 16.13% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 17.55% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 17.90% | +2.09% |
EMNE.DE vs. SC0D.DE - Expense Ratio Comparison
EMNE.DE has a 0.12% 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
EMNE.DE vs. SC0D.DE - Dividend Comparison
EMNE.DE's dividend yield for the trailing twelve months is around 2.37%, while SC0D.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMNE.DE iShares MSCI EMU CTB Enhanced ESG UCITS ETF EUR (Dist) | 2.37% | 2.61% | 2.95% | 3.17% | 3.34% | 2.40% | 1.85% | 2.67% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, EMNE.DE and SC0D.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.
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 0.12% for EMNE.DE.
EMNE.DE tracks MSCI EMU ESG Enhanced Focus CTB Index, while SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for EMNE.DE and 0.05% for SC0D.DE.
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