GMVM.DE vs. SC0H.DE

Last updated Jun 5, 2026

GMVM.DE (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) and SC0H.DE (Invesco MSCI USA UCITS ETF) are both Large Cap Blend Equities funds - GMVM.DE tracks the Morningstar US Sustainable Moat Focus while SC0H.DE tracks the MSCI USA. Both are passively managed. Over the past 10 years, GMVM.DE returned 10.29%/yr vs 15.07%/yr for SC0H.DE. Their correlation of 0.88 suggests significant overlap in exposure. GMVM.DE charges 0.49%/yr vs 0.05%/yr for SC0H.DE.

Performance

GMVM.DE vs. SC0H.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) and Invesco MSCI USA UCITS ETF (SC0H.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMVM.DE achieves a -1.57% return, which is significantly lower than SC0H.DE's 11.30% return. Over the past 10 years, GMVM.DE has underperformed SC0H.DE with an annualized return of 10.29%, while SC0H.DE has yielded a comparatively higher 15.07% annualized return.

GMVM.DE

• 1D: 0.97%
• 1M: 2.94%
• YTD: -1.57%
• 6M: -3.00%
• 1Y: 6.57%
• 3Y*: 5.24%
• 5Y*: 4.14%
• 10Y*: 10.29%

SC0H.DE

• 1D: -0.11%
• 1M: 4.53%
• YTD: 11.30%
• 6M: 10.69%
• 1Y: 25.27%
• 3Y*: 19.18%
• 5Y*: 14.59%
• 10Y*: 15.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GMVM.DE vs. SC0H.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GMVM.DE VanEck Morningstar US Sustainable Wide Moat UCITS ETF	-1.57%	-4.56%	17.59%	14.37%	-14.38%	36.91%	2.73%	38.45%	2.27%	7.97%
SC0H.DE Invesco MSCI USA UCITS ETF	11.30%	4.77%	32.56%	23.60%	-15.55%	38.99%	9.76%	35.08%	-1.12%	6.55%

Correlation

The correlation between GMVM.DE and SC0H.DE is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Nov 10, 2015	0.88

Over the past year, the correlation between GMVM.DE and SC0H.DE has dropped to 0.60 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.

Return for Risk

GMVM.DE vs. SC0H.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GMVM.DE

GMVM.DE Risk / Return Rank: 16
GMVM.DE Sharpe Ratio Rank: 17
GMVM.DE Sortino Ratio Rank: 17
GMVM.DE Omega Ratio Rank: 16
GMVM.DE Calmar Ratio Rank: 16
GMVM.DE Martin Ratio Rank: 16

SC0H.DE

SC0H.DE Risk / Return Rank: 67
SC0H.DE Sharpe Ratio Rank: 67
SC0H.DE Sortino Ratio Rank: 64
SC0H.DE Omega Ratio Rank: 68
SC0H.DE Calmar Ratio Rank: 70
SC0H.DE Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GMVM.DE vs. SC0H.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) and Invesco MSCI USA UCITS ETF (SC0H.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.

	GMVM.DE	SC0H.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.48	2.16	-1.68
Sortino ratio: Return per unit of downside risk	0.79	2.94	-2.15
Omega ratio: Gain probability vs. loss probability	1.09	1.40	-0.31
Calmar ratio: Return relative to maximum drawdown	0.58	3.45	-2.86
Martin ratio: Return relative to average drawdown	1.37	11.96	-10.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GMVM.DE vs. SC0H.DE - Sharpe Ratio Comparison

The current GMVM.DE Sharpe Ratio is 0.48, which is lower than the SC0H.DE Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of GMVM.DE and SC0H.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GMVM.DE	SC0H.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	2.16	-1.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.94	-0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.92	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.98	-0.36

Drawdowns

GMVM.DE vs. SC0H.DE - Drawdown Comparison

The maximum GMVM.DE drawdown since its inception was -32.25%, smaller than the maximum SC0H.DE drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for GMVM.DE and SC0H.DE.

Drawdown Indicators

	GMVM.DE	SC0H.DE	Difference
Max Drawdown Largest peak-to-trough decline	-32.25%	-34.20%	+1.95%
Max Drawdown (1Y) Largest decline over 1 year	-11.00%	-7.32%	-3.68%
Max Drawdown (3Y) Largest decline over 3 years	-25.74%	-23.66%	-2.08%
Max Drawdown (5Y) Largest decline over 5 years	-25.74%	-23.66%	-2.08%
Max Drawdown (10Y) Largest decline over 10 years	-32.25%	-34.20%	+1.95%
Current Drawdown Current decline from peak	-10.18%	-0.41%	-9.77%
Average Drawdown Average peak-to-trough decline	-5.85%	-4.13%	-1.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.69%	2.11%	+2.58%

Volatility

GMVM.DE vs. SC0H.DE - Volatility Comparison

VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) has a higher volatility of 3.23% compared to Invesco MSCI USA UCITS ETF (SC0H.DE) at 2.68%. This indicates that GMVM.DE's price experiences larger fluctuations and is considered to be riskier than SC0H.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMVM.DE	SC0H.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	2.68%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	8.82%	7.66%	+1.16%
Volatility (1Y) Calculated over the trailing 1-year period	13.33%	11.67%	+1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.26%	15.41%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	16.23%	+0.31%

GMVM.DE vs. SC0H.DE - Expense Ratio Comparison

GMVM.DE has a 0.49% expense ratio, which is higher than SC0H.DE's 0.05% expense ratio.

Dividends

GMVM.DE vs. SC0H.DE - Dividend Comparison

Neither GMVM.DE nor SC0H.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GMVM.DE and SC0H.DE in my portfolio?

GMVM.DE and SC0H.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMVM.DE or SC0H.DE?

On fees, SC0H.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GMVM.DE or SC0H.DE?

SC0H.DE is cheaper with a 0.05% expense ratio, compared with 0.49% for GMVM.DE.

What is the main difference between GMVM.DE and SC0H.DE?

GMVM.DE tracks Morningstar US Sustainable Moat Focus, while SC0H.DE tracks MSCI USA. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.49% for GMVM.DE and 0.05% for SC0H.DE.