IQQU.DE vs. SC0D.DE
IQQU.DE (iShares MSCI Europe ex-UK UCITS ETF) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - IQQU.DE tracks the MSCI Europe ex UK while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, IQQU.DE returned 9.38%/yr vs 10.37%/yr for SC0D.DE. Their correlation of 0.93 suggests significant overlap in exposure. IQQU.DE charges 0.40%/yr vs 0.05%/yr for SC0D.DE.
Performance
IQQU.DE vs. SC0D.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IQQU.DE having a 7.54% return and SC0D.DE slightly lower at 7.29%. Over the past 10 years, IQQU.DE has underperformed SC0D.DE with an annualized return of 9.38%, while SC0D.DE has yielded a comparatively higher 10.37% annualized return.
IQQU.DE
- 1D
- 0.78%
- 1M
- 1.64%
- YTD
- 7.54%
- 6M
- 9.86%
- 1Y
- 15.14%
- 3Y*
- 13.15%
- 5Y*
- 9.03%
- 10Y*
- 9.38%
SC0D.DE
- 1D
- 0.74%
- 1M
- 1.96%
- YTD
- 7.29%
- 6M
- 8.66%
- 1Y
- 15.55%
- 3Y*
- 15.50%
- 5Y*
- 11.35%
- 10Y*
- 10.37%
IQQU.DE vs. SC0D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQU.DE iShares MSCI Europe ex-UK UCITS ETF | 7.54% | 20.11% | 6.36% | 17.27% | -12.23% | 24.46% | 1.53% | 28.71% | -11.38% | 11.87% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 7.29% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | -3.03% | 30.01% | -12.05% | 10.07% |
Correlation
The correlation between IQQU.DE and SC0D.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2009 | 0.93 |
The correlation between IQQU.DE and SC0D.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
IQQU.DE vs. SC0D.DE — Risk / Return Rank
IQQU.DE
SC0D.DE
IQQU.DE vs. SC0D.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ex-UK UCITS ETF (IQQU.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.
| IQQU.DE | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.43 | +0.11 |
| Martin ratioReturn relative to average drawdown | 5.62 | 4.87 | +0.76 |
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
| IQQU.DE | SC0D.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.98 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.64 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.56 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.46 | -0.18 |
Drawdowns
IQQU.DE vs. SC0D.DE - Drawdown Comparison
The maximum IQQU.DE drawdown since its inception was -59.97%, which is greater than SC0D.DE's maximum drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for IQQU.DE and SC0D.DE.
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Drawdown Indicators
| IQQU.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.97% | -38.50% | -21.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -10.93% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -16.54% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -22.54% | -23.38% | +0.84% |
Max Drawdown (10Y)Largest decline over 10 years | -34.61% | -38.50% | +3.89% |
Current DrawdownCurrent decline from peak | -1.21% | -0.53% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -15.28% | -7.22% | -8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 3.21% | -0.48% |
Volatility
IQQU.DE vs. SC0D.DE - Volatility Comparison
The current volatility for iShares MSCI Europe ex-UK UCITS ETF (IQQU.DE) is 4.32%, while Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a volatility of 4.94%. This indicates that IQQU.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
| IQQU.DE | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 4.94% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 12.94% | -1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 15.95% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 17.53% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 18.27% | -2.58% |
IQQU.DE vs. SC0D.DE - Expense Ratio Comparison
IQQU.DE has a 0.40% expense ratio, which is higher than SC0D.DE's 0.05% expense ratio.
Dividends
IQQU.DE vs. SC0D.DE - Dividend Comparison
IQQU.DE's dividend yield for the trailing twelve months is around 1.98%, while SC0D.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQU.DE iShares MSCI Europe ex-UK UCITS ETF | 1.98% | 2.16% | 2.38% | 2.36% | 2.33% | 1.62% | 1.43% | 2.31% | 2.67% | 2.26% | 2.31% | 2.14% |
SC0D.DE Invesco EURO STOXX 50 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 0.96, IQQU.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 0.40% for IQQU.DE.
IQQU.DE tracks MSCI Europe ex UK, while SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for IQQU.DE and 0.05% for SC0D.DE.
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