LDAX.DE vs. SC0D.DE
LDAX.DE (Amundi Dax III UCITS ETF Dist) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - LDAX.DE tracks the DAX® while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 5 years, LDAX.DE returned 9.29%/yr vs 12.12%/yr for SC0D.DE. Their correlation of 0.93 suggests significant overlap in exposure. LDAX.DE charges 0.15%/yr vs 0.05%/yr for SC0D.DE.
Performance
LDAX.DE vs. SC0D.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LDAX.DE achieves a 1.18% return, which is significantly lower than SC0D.DE's 9.71% return.
LDAX.DE
- 1D
- 0.00%
- 1M
- -0.09%
- 6M
- -1.89%
- YTD
- 1.18%
- 1Y
- 1.71%
- 3Y*
- 15.01%
- 5Y*
- 9.29%
- 10Y*
- —
SC0D.DE
- 1D
- -0.83%
- 1M
- -1.04%
- 6M
- 5.51%
- YTD
- 9.71%
- 1Y
- 18.75%
- 3Y*
- 15.56%
- 5Y*
- 12.12%
- 10Y*
- 10.85%
LDAX.DE vs. SC0D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LDAX.DE Amundi Dax III UCITS ETF Dist | 1.18% | 22.70% | 18.08% | 19.61% | -12.89% | 15.29% | 8.40% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 9.71% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | 7.95% |
Correlation
The correlation between LDAX.DE and SC0D.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.93 |
The correlation between LDAX.DE and SC0D.DE has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
LDAX.DE vs. SC0D.DE — Risk / Return Rank
LDAX.DE
SC0D.DE
LDAX.DE vs. SC0D.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Dax III UCITS ETF Dist (LDAX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LDAX.DE | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.22 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.71 | -1.57 |
| Martin ratioReturn relative to average drawdown | 0.44 | 6.00 | -5.57 |
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Drawdowns
LDAX.DE vs. SC0D.DE - Drawdown Comparison
The maximum LDAX.DE drawdown since its inception was -26.68%, smaller than the maximum SC0D.DE drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for LDAX.DE and SC0D.DE.
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Drawdown Indicators
| LDAX.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.68% | -38.50% | +11.82% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -10.93% | -1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -16.54% | +0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -26.68% | -23.38% | -3.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.50% | — |
Current DrawdownCurrent decline from peak | -3.53% | -2.85% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -7.06% | +2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 3.12% | +0.81% |
Volatility
LDAX.DE vs. SC0D.DE - Volatility Comparison
Amundi Dax III UCITS ETF Dist (LDAX.DE) has a higher volatility of 4.62% compared to Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) at 4.14%. This indicates that LDAX.DE's price experiences larger fluctuations and is considered to be riskier 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
| LDAX.DE | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 4.14% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 13.36% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 16.12% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 17.55% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 17.90% | -0.54% |
LDAX.DE vs. SC0D.DE - Expense Ratio Comparison
LDAX.DE has a 0.15% expense ratio, which is higher than SC0D.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LDAX.DE vs. SC0D.DE - Dividend Comparison
LDAX.DE's dividend yield for the trailing twelve months is around 1.93%, while SC0D.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
LDAX.DE Amundi Dax III UCITS ETF Dist | 1.93% | 1.95% | 2.31% | 2.73% | 3.32% | 2.73% | 0.39% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LDAX.DE and SC0D.DE have a correlation of 0.89, 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 0.15% for LDAX.DE.
LDAX.DE tracks DAX®, while SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.15% for LDAX.DE and 0.05% for SC0D.DE.
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