ESIF.DE vs. SC02.DE
ESIF.DE (iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc)) and SC02.DE (Invesco European Financials Sector UCITS ETF) are both Financials Equities funds - ESIF.DE tracks the MSCI World/Financials NR USD while SC02.DE tracks the STOXX® Europe 600 Optimised Financial Services. Both are passively managed. Over the past 5 years, ESIF.DE returned 19.48%/yr vs 8.30%/yr for SC02.DE. A 0.77 correlation means they provide meaningful diversification when combined. ESIF.DE charges 0.18%/yr vs 0.20%/yr for SC02.DE.
Performance
ESIF.DE vs. SC02.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESIF.DE achieves a 3.87% return, which is significantly higher than SC02.DE's 1.67% return.
ESIF.DE
- 1D
- 0.61%
- 1M
- 3.50%
- YTD
- 3.87%
- 6M
- 10.14%
- 1Y
- 22.51%
- 3Y*
- 28.94%
- 5Y*
- 19.48%
- 10Y*
- —
SC02.DE
- 1D
- 1.84%
- 1M
- 0.07%
- YTD
- 1.67%
- 6M
- 8.51%
- 1Y
- 3.83%
- 3Y*
- 16.32%
- 5Y*
- 8.30%
- 10Y*
- 10.49%
ESIF.DE vs. SC02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESIF.DE iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) | 3.87% | 47.69% | 25.31% | 21.61% | -2.88% | 29.09% | 3.24% |
SC02.DE Invesco European Financials Sector UCITS ETF | 1.67% | 9.93% | 19.25% | 27.60% | -20.74% | 24.60% | 3.98% |
Correlation
The correlation between ESIF.DE and SC02.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.77 |
The correlation between ESIF.DE and SC02.DE has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
ESIF.DE vs. SC02.DE — Risk / Return Rank
ESIF.DE
SC02.DE
ESIF.DE vs. SC02.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.DE) and Invesco European Financials Sector UCITS ETF (SC02.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.
| ESIF.DE | SC02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.05 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.31 | +1.50 |
| Martin ratioReturn relative to average drawdown | 6.04 | 0.86 | +5.18 |
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
| ESIF.DE | SC02.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.24 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.43 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.16 | 0.55 | +0.61 |
Drawdowns
ESIF.DE vs. SC02.DE - Drawdown Comparison
The maximum ESIF.DE drawdown since its inception was -22.93%, smaller than the maximum SC02.DE drawdown of -42.86%. Use the drawdown chart below to compare losses from any high point for ESIF.DE and SC02.DE.
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Drawdown Indicators
| ESIF.DE | SC02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.93% | -42.86% | +19.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -12.17% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.10% | -19.17% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -22.93% | -29.68% | +6.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.86% | — |
Current DrawdownCurrent decline from peak | -2.65% | -3.42% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -8.06% | +3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 4.46% | -0.74% |
Volatility
ESIF.DE vs. SC02.DE - Volatility Comparison
iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.DE) has a higher volatility of 5.37% compared to Invesco European Financials Sector UCITS ETF (SC02.DE) at 4.93%. This indicates that ESIF.DE's price experiences larger fluctuations and is considered to be riskier than SC02.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESIF.DE | SC02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 4.93% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.59% | 12.72% | +1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.99% | 15.92% | +2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.96% | 19.08% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.84% | 20.65% | -1.81% |
ESIF.DE vs. SC02.DE - Expense Ratio Comparison
ESIF.DE has a 0.18% expense ratio, which is lower than SC02.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
ESIF.DE vs. SC02.DE - Dividend Comparison
Neither ESIF.DE nor SC02.DE has paid dividends to shareholders.
Frequently Asked Questions
ESIF.DE and SC02.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIF.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIF.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC02.DE.
ESIF.DE tracks MSCI World/Financials NR USD, while SC02.DE tracks STOXX® Europe 600 Optimised Financial Services. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.18% for ESIF.DE and 0.20% for SC02.DE.
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