EXH9.DE vs. SC0Z.DE
EXH9.DE (iShares STOXX Europe 600 Utilities UCITS ETF (DE)) and SC0Z.DE (Invesco European Utilities Sector UCITS ETF) are both Utilities Equities funds - EXH9.DE tracks the STOXX® Europe 600 Utilities while SC0Z.DE tracks the STOXX® Europe 600 Optimised Utilities. Both are passively managed. Over the past 10 years, EXH9.DE returned 10.74%/yr vs 9.78%/yr for SC0Z.DE. Their correlation of 0.95 suggests significant overlap in exposure. EXH9.DE charges 0.47%/yr vs 0.20%/yr for SC0Z.DE.
Performance
EXH9.DE vs. SC0Z.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EXH9.DE having a 12.41% return and SC0Z.DE slightly higher at 12.95%. Over the past 10 years, EXH9.DE has outperformed SC0Z.DE with an annualized return of 10.74%, while SC0Z.DE has yielded a comparatively lower 9.78% annualized return.
EXH9.DE
- 1D
- -0.18%
- 1M
- -3.20%
- YTD
- 12.41%
- 6M
- 13.56%
- 1Y
- 25.76%
- 3Y*
- 16.47%
- 5Y*
- 11.76%
- 10Y*
- 10.74%
SC0Z.DE
- 1D
- -0.22%
- 1M
- -3.25%
- YTD
- 12.95%
- 6M
- 14.19%
- 1Y
- 26.15%
- 3Y*
- 15.95%
- 5Y*
- 11.09%
- 10Y*
- 9.78%
EXH9.DE vs. SC0Z.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXH9.DE iShares STOXX Europe 600 Utilities UCITS ETF (DE) | 12.41% | 33.92% | 1.25% | 13.58% | -7.50% | 8.84% | 10.88% | 31.91% | 1.47% | 9.93% |
SC0Z.DE Invesco European Utilities Sector UCITS ETF | 12.95% | 32.73% | 0.20% | 13.45% | -9.07% | 8.96% | 9.52% | 29.64% | 0.81% | 8.10% |
Correlation
The correlation between EXH9.DE and SC0Z.DE is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2009 | 0.95 |
The correlation between EXH9.DE and SC0Z.DE has been stable across timeframes, ranging from 0.95 to 0.99 - a consistent structural relationship.
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Return for Risk
EXH9.DE vs. SC0Z.DE — Risk / Return Rank
EXH9.DE
SC0Z.DE
EXH9.DE vs. SC0Z.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Utilities UCITS ETF (DE) (EXH9.DE) and Invesco European Utilities Sector UCITS ETF (SC0Z.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.
| EXH9.DE | SC0Z.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.49 | -0.05 |
| Martin ratioReturn relative to average drawdown | 9.54 | 9.42 | +0.12 |
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
| EXH9.DE | SC0Z.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 1.75 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.68 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.57 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.38 | +0.04 |
Drawdowns
EXH9.DE vs. SC0Z.DE - Drawdown Comparison
The maximum EXH9.DE drawdown since its inception was -51.33%, which is greater than SC0Z.DE's maximum drawdown of -33.41%. Use the drawdown chart below to compare losses from any high point for EXH9.DE and SC0Z.DE.
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Drawdown Indicators
| EXH9.DE | SC0Z.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.33% | -33.41% | -17.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.45% | -7.46% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -13.67% | -13.65% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | -23.25% | +0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -33.21% | -33.41% | +0.20% |
Current DrawdownCurrent decline from peak | -5.32% | -5.34% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -16.67% | -8.27% | -8.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.77% | -0.08% |
Volatility
EXH9.DE vs. SC0Z.DE - Volatility Comparison
iShares STOXX Europe 600 Utilities UCITS ETF (DE) (EXH9.DE) and Invesco European Utilities Sector UCITS ETF (SC0Z.DE) have volatilities of 5.89% and 5.96%, 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
| EXH9.DE | SC0Z.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 5.96% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 12.97% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 14.87% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 16.23% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 17.13% | -0.10% |
EXH9.DE vs. SC0Z.DE - Expense Ratio Comparison
EXH9.DE has a 0.47% expense ratio, which is higher than SC0Z.DE's 0.20% expense ratio.
Dividends
EXH9.DE vs. SC0Z.DE - Dividend Comparison
EXH9.DE's dividend yield for the trailing twelve months is around 2.61%, while SC0Z.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXH9.DE iShares STOXX Europe 600 Utilities UCITS ETF (DE) | 2.61% | 2.96% | 3.27% | 3.47% | 3.33% | 3.11% | 2.36% | 3.41% | 3.31% | 6.56% | 4.89% | 4.62% |
SC0Z.DE Invesco European Utilities 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 0.99, EXH9.DE and SC0Z.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, SC0Z.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0Z.DE is cheaper with a 0.20% expense ratio, compared with 0.47% for EXH9.DE.
EXH9.DE tracks STOXX® Europe 600 Utilities, while SC0Z.DE tracks STOXX® Europe 600 Optimised Utilities. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.47% for EXH9.DE and 0.20% for SC0Z.DE.
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