EXH3.DE vs. SC03.DE
EXH3.DE (iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE)) and SC03.DE (Invesco European Food & Bev Sector UCITS ETF) are both Consumer Staples Equities funds - EXH3.DE tracks the STOXX® Europe 600 Food & Beverage while SC03.DE tracks the STOXX® Europe 600 Optimised Food & Beverage. Both are passively managed. Over the past 10 years, EXH3.DE returned 2.22%/yr vs 1.67%/yr for SC03.DE. With a 0.95 correlation, they move nearly in lockstep. EXH3.DE charges 0.46%/yr vs 0.20%/yr for SC03.DE.
Performance
EXH3.DE vs. SC03.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXH3.DE achieves a 10.86% return, which is significantly higher than SC03.DE's 10.13% return. Over the past 10 years, EXH3.DE has outperformed SC03.DE with an annualized return of 2.22%, while SC03.DE has yielded a comparatively lower 1.67% annualized return.
EXH3.DE
- 1D
- 0.31%
- 1M
- 6.61%
- 6M
- 11.07%
- YTD
- 10.86%
- 1Y
- 8.24%
- 3Y*
- -1.83%
- 5Y*
- -1.74%
- 10Y*
- 2.22%
SC03.DE
- 1D
- 0.11%
- 1M
- 6.88%
- 6M
- 9.63%
- YTD
- 10.13%
- 1Y
- 6.40%
- 3Y*
- -1.90%
- 5Y*
- -2.04%
- 10Y*
- 1.67%
EXH3.DE vs. SC03.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXH3.DE iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE) | 10.86% | 0.44% | -10.82% | -2.05% | -13.20% | 22.57% | -6.15% | 29.56% | -7.32% | 12.78% |
SC03.DE Invesco European Food & Bev Sector UCITS ETF | 10.13% | -1.70% | -9.00% | -1.71% | -13.43% | 21.05% | -7.83% | 28.17% | -8.47% | 12.87% |
Correlation
The correlation between EXH3.DE and SC03.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 | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2009 | 0.95 |
The correlation between EXH3.DE and SC03.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
EXH3.DE vs. SC03.DE — Risk / Return Rank
EXH3.DE
SC03.DE
EXH3.DE vs. SC03.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE) (EXH3.DE) and Invesco European Food & Bev Sector UCITS ETF (SC03.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.
| EXH3.DE | SC03.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.08 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 0.48 | +0.16 |
| Martin ratioReturn relative to average drawdown | 1.44 | 1.08 | +0.37 |
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Drawdowns
EXH3.DE vs. SC03.DE - Drawdown Comparison
The maximum EXH3.DE drawdown since its inception was -39.85%, which is greater than SC03.DE's maximum drawdown of -32.59%. Use the drawdown chart below to compare losses from any high point for EXH3.DE and SC03.DE.
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Drawdown Indicators
| EXH3.DE | SC03.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.85% | -32.59% | -7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -13.16% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -21.11% | -20.32% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -28.68% | -28.71% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -30.20% | -32.59% | +2.39% |
Current DrawdownCurrent decline from peak | -16.95% | -17.66% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -8.21% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.69% | 5.92% | -0.23% |
Volatility
EXH3.DE vs. SC03.DE - Volatility Comparison
iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE) (EXH3.DE) and Invesco European Food & Bev Sector UCITS ETF (SC03.DE) have volatilities of 5.50% and 5.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXH3.DE | SC03.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | 5.57% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.45% | 12.45% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.93% | 15.80% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.28% | 14.35% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.40% | 14.78% | -0.38% |
EXH3.DE vs. SC03.DE - Expense Ratio Comparison
EXH3.DE has a 0.46% expense ratio, which is higher than SC03.DE's 0.20% expense ratio.
Dividends
EXH3.DE vs. SC03.DE - Dividend Comparison
EXH3.DE's dividend yield for the trailing twelve months is around 2.25%, while SC03.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXH3.DE iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE) | 2.25% | 2.10% | 2.16% | 1.70% | 1.56% | 0.88% | 1.45% | 1.46% | 1.70% | 2.08% | 2.45% | 2.52% |
SC03.DE Invesco European Food & Bev Sector UCITS ETF | 0.00% | 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
With a correlation of 0.98, EXH3.DE and SC03.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, SC03.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC03.DE is cheaper with a 0.20% expense ratio, compared with 0.46% for EXH3.DE.
EXH3.DE tracks STOXX® Europe 600 Food & Beverage, while SC03.DE tracks STOXX® Europe 600 Optimised Food & Beverage. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.46% for EXH3.DE and 0.20% for SC03.DE.
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