IS3G.DE vs. SC0D.DE
IS3G.DE (iShares MSCI EMU Large Cap UCITS ETF) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - IS3G.DE tracks the MSCI EMU Large Cap while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, IS3G.DE returned 9.99%/yr vs 10.37%/yr for SC0D.DE. With a 0.96 correlation, they move nearly in lockstep. IS3G.DE charges 0.49%/yr vs 0.05%/yr for SC0D.DE.
Performance
IS3G.DE vs. SC0D.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3G.DE achieves a 8.74% return, which is significantly higher than SC0D.DE's 7.29% return. Both investments have delivered pretty close results over the past 10 years, with IS3G.DE having a 9.99% annualized return and SC0D.DE not far ahead at 10.37%.
IS3G.DE
- 1D
- 0.53%
- 1M
- 2.36%
- YTD
- 8.74%
- 6M
- 10.30%
- 1Y
- 17.41%
- 3Y*
- 15.08%
- 5Y*
- 10.43%
- 10Y*
- 9.99%
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%
IS3G.DE vs. SC0D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3G.DE iShares MSCI EMU Large Cap UCITS ETF | 8.74% | 22.66% | 8.54% | 20.59% | -11.41% | 23.35% | -2.21% | 29.80% | -12.63% | 11.55% |
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 IS3G.DE and SC0D.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 Sep 25, 2013 | 0.96 |
The correlation between IS3G.DE and SC0D.DE has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.
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Return for Risk
IS3G.DE vs. SC0D.DE — Risk / Return Rank
IS3G.DE
SC0D.DE
IS3G.DE vs. SC0D.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EMU Large Cap UCITS ETF (IS3G.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.
| IS3G.DE | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 1.43 | +0.24 |
| Martin ratioReturn relative to average drawdown | 5.99 | 4.87 | +1.13 |
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
| IS3G.DE | SC0D.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.98 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.64 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.56 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.46 | +0.04 |
Drawdowns
IS3G.DE vs. SC0D.DE - Drawdown Comparison
The maximum IS3G.DE drawdown since its inception was -38.66%, roughly equal to the maximum SC0D.DE drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for IS3G.DE and SC0D.DE.
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Drawdown Indicators
| IS3G.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.66% | -38.50% | -0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -10.93% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -15.83% | -16.54% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -24.14% | -23.38% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -38.66% | -38.50% | -0.16% |
Current DrawdownCurrent decline from peak | -0.30% | -0.53% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -7.22% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.21% | -0.27% |
Volatility
IS3G.DE vs. SC0D.DE - Volatility Comparison
iShares MSCI EMU Large Cap UCITS ETF (IS3G.DE) and Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) have volatilities of 4.90% and 4.94%, 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
| IS3G.DE | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 4.94% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 12.94% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 15.95% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.59% | 17.53% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 18.27% | -0.86% |
IS3G.DE vs. SC0D.DE - Expense Ratio Comparison
IS3G.DE has a 0.49% expense ratio, which is higher than SC0D.DE's 0.05% expense ratio.
Dividends
IS3G.DE vs. SC0D.DE - Dividend Comparison
Neither IS3G.DE nor SC0D.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, IS3G.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 0.49% for IS3G.DE.
IS3G.DE tracks MSCI EMU Large Cap, while SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.49% for IS3G.DE and 0.05% for SC0D.DE.
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