FTGE.DE vs. SC0D.DE
FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 5 years, FTGE.DE returned 11.59%/yr vs 11.35%/yr for SC0D.DE. Their correlation of 0.88 suggests significant overlap in exposure. FTGE.DE charges 0.65%/yr vs 0.05%/yr for SC0D.DE.
Performance
FTGE.DE vs. SC0D.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTGE.DE achieves a 13.73% return, which is significantly higher than SC0D.DE's 7.29% return.
FTGE.DE
- 1D
- 0.51%
- 1M
- 3.08%
- YTD
- 13.73%
- 6M
- 16.86%
- 1Y
- 30.85%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 10Y*
- —
SC0D.DE
- 1D
- 0.74%
- 1M
- 4.75%
- YTD
- 7.29%
- 6M
- 8.67%
- 1Y
- 15.66%
- 3Y*
- 15.50%
- 5Y*
- 11.35%
- 10Y*
- 10.37%
FTGE.DE vs. SC0D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 9.52% | 12.43% | -14.37% | 20.47% | 24.16% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 7.29% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | 23.92% |
Correlation
The correlation between FTGE.DE and SC0D.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since May 19, 2020 | 0.88 |
The correlation between FTGE.DE and SC0D.DE has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
FTGE.DE vs. SC0D.DE — Risk / Return Rank
FTGE.DE
SC0D.DE
FTGE.DE vs. SC0D.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.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.
| FTGE.DE | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.18 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 1.43 | +1.85 |
| Martin ratioReturn relative to average drawdown | 12.30 | 4.87 | +7.43 |
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
| FTGE.DE | SC0D.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.98 | +1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.64 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.46 | +0.42 |
Drawdowns
FTGE.DE vs. SC0D.DE - Drawdown Comparison
The maximum FTGE.DE drawdown since its inception was -26.63%, smaller than the maximum SC0D.DE drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for FTGE.DE and SC0D.DE.
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Drawdown Indicators
| FTGE.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.63% | -38.50% | +11.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -10.93% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -16.12% | -16.54% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | -23.38% | -3.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.50% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.53% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -7.22% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 3.21% | -0.71% |
Volatility
FTGE.DE vs. SC0D.DE - Volatility Comparison
The current volatility for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) is 3.83%, while Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a volatility of 4.94%. This indicates that FTGE.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
| FTGE.DE | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 4.94% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 12.94% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.23% | 15.95% | -1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 17.53% | +0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 18.27% | +0.14% |
FTGE.DE vs. SC0D.DE - Expense Ratio Comparison
FTGE.DE has a 0.65% expense ratio, which is higher than SC0D.DE's 0.05% expense ratio.
Dividends
FTGE.DE vs. SC0D.DE - Dividend Comparison
Neither FTGE.DE nor SC0D.DE has paid dividends to shareholders.
Frequently Asked Questions
FTGE.DE and SC0D.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.65% for FTGE.DE.
FTGE.DE tracks Nasdaq AlphaDEX® Eurozone, while SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.65% for FTGE.DE and 0.05% for SC0D.DE.
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