ETSZ.DE vs. SC0D.DE
ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - ETSZ.DE tracks the STOXX® Europe 600 while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, ETSZ.DE returned 10.16%/yr vs 11.86%/yr for SC0D.DE. Their correlation of 0.94 suggests significant overlap in exposure. ETSZ.DE charges 0.20%/yr vs 0.05%/yr for SC0D.DE.
Performance
ETSZ.DE vs. SC0D.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ETSZ.DE having a 10.04% return and SC0D.DE slightly higher at 10.32%. Over the past 10 years, ETSZ.DE has underperformed SC0D.DE with an annualized return of 10.16%, while SC0D.DE has yielded a comparatively higher 11.86% annualized return.
ETSZ.DE
- 1D
- 0.77%
- 1M
- 2.09%
- YTD
- 10.04%
- 6M
- 10.73%
- 1Y
- 22.31%
- 3Y*
- 15.25%
- 5Y*
- 9.90%
- 10Y*
- 10.16%
SC0D.DE
- 1D
- 0.85%
- 1M
- 3.42%
- YTD
- 10.32%
- 6M
- 11.25%
- 1Y
- 22.33%
- 3Y*
- 16.61%
- 5Y*
- 11.80%
- 10Y*
- 11.86%
ETSZ.DE vs. SC0D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 10.04% | 20.39% | 8.24% | 15.59% | -10.31% | 24.87% | -1.48% | 28.89% | -11.23% | 10.67% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 10.32% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | -3.03% | 30.01% | -12.06% | 10.07% |
Correlation
The correlation between ETSZ.DE and SC0D.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2013 | 0.94 |
The correlation between ETSZ.DE and SC0D.DE has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
ETSZ.DE vs. SC0D.DE — Risk / Return Rank
ETSZ.DE
SC0D.DE
ETSZ.DE vs. SC0D.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.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.
| ETSZ.DE | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.03 | +0.33 |
| Martin ratioReturn relative to average drawdown | 9.04 | 7.09 | +1.95 |
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Drawdowns
ETSZ.DE vs. SC0D.DE - Drawdown Comparison
The maximum ETSZ.DE drawdown since its inception was -35.54%, smaller than the maximum SC0D.DE drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for ETSZ.DE and SC0D.DE.
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Drawdown Indicators
| ETSZ.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -38.50% | +2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -10.93% | +1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -16.54% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -20.50% | -23.38% | +2.88% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -38.50% | +2.96% |
Current DrawdownCurrent decline from peak | 0.00% | -0.85% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -7.08% | +1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 3.14% | -0.68% |
Volatility
ETSZ.DE vs. SC0D.DE - Volatility Comparison
The current volatility for BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) is 2.92%, while Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a volatility of 3.63%. This indicates that ETSZ.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
| ETSZ.DE | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 3.63% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 13.20% | -2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 16.04% | -3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 17.55% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.24% | 17.97% | -2.73% |
ETSZ.DE vs. SC0D.DE - Expense Ratio Comparison
ETSZ.DE has a 0.20% 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
ETSZ.DE vs. SC0D.DE - Dividend Comparison
Neither ETSZ.DE nor SC0D.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, ETSZ.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 0.20% for ETSZ.DE.
ETSZ.DE tracks STOXX® Europe 600, while SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: BNP Paribas and Invesco. Their fees differ too: 0.20% for ETSZ.DE and 0.05% for SC0D.DE.
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