N1ES.DE vs. SC0H.DE
N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) and SC0H.DE (Invesco MSCI USA UCITS ETF) are both exchange-traded funds - N1ES.DE is a Nasdaq-100 fund tracking the Nasdaq 100® ESG, while SC0H.DE is a Large Cap Blend Equities fund tracking the MSCI USA. Both are passively managed. Over the past 3 years, N1ES.DE returned 25.46%/yr vs 19.18%/yr for SC0H.DE. Their correlation of 0.92 suggests significant overlap in exposure. N1ES.DE charges 0.25%/yr vs 0.05%/yr for SC0H.DE.
Performance
N1ES.DE vs. SC0H.DE - Performance Comparison
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Returns By Period
In the year-to-date period, N1ES.DE achieves a 21.31% return, which is significantly higher than SC0H.DE's 11.30% return.
N1ES.DE
- 1D
- -0.74%
- 1M
- 8.84%
- YTD
- 21.31%
- 6M
- 19.74%
- 1Y
- 39.34%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
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%
N1ES.DE vs. SC0H.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 21.31% | 8.26% | 33.55% | 51.62% | -29.13% | 9.35% |
SC0H.DE Invesco MSCI USA UCITS ETF | 11.30% | 4.77% | 32.56% | 23.60% | -15.55% | 6.75% |
Correlation
The correlation between N1ES.DE and SC0H.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.92 |
The correlation between N1ES.DE and SC0H.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
N1ES.DE vs. SC0H.DE — Risk / Return Rank
N1ES.DE
SC0H.DE
N1ES.DE vs. SC0H.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.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.
| N1ES.DE | SC0H.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 3.45 | +0.24 |
| Martin ratioReturn relative to average drawdown | 10.62 | 11.96 | -1.34 |
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
| N1ES.DE | SC0H.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.16 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.94 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.98 | -0.16 |
Drawdowns
N1ES.DE vs. SC0H.DE - Drawdown Comparison
The maximum N1ES.DE drawdown since its inception was -29.96%, smaller than the maximum SC0H.DE drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for N1ES.DE and SC0H.DE.
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Drawdown Indicators
| N1ES.DE | SC0H.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.96% | -34.20% | +4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -7.32% | -3.54% |
Max Drawdown (3Y)Largest decline over 3 years | -26.65% | -23.66% | -2.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.20% | — |
Current DrawdownCurrent decline from peak | -0.74% | -0.41% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -4.13% | -4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 2.11% | +1.67% |
Volatility
N1ES.DE vs. SC0H.DE - Volatility Comparison
Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) has a higher volatility of 4.64% compared to Invesco MSCI USA UCITS ETF (SC0H.DE) at 2.68%. This indicates that N1ES.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.
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Volatility by Period
| N1ES.DE | SC0H.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 2.68% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 7.66% | +3.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 11.67% | +4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.73% | 15.41% | +5.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 16.23% | +4.50% |
N1ES.DE vs. SC0H.DE - Expense Ratio Comparison
N1ES.DE has a 0.25% expense ratio, which is higher than SC0H.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
N1ES.DE vs. SC0H.DE - Dividend Comparison
Neither N1ES.DE nor SC0H.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, N1ES.DE and SC0H.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, SC0H.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0H.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for N1ES.DE.
N1ES.DE is categorized as Nasdaq-100, while SC0H.DE is Large Cap Blend Equities. N1ES.DE tracks Nasdaq 100® ESG, while SC0H.DE tracks MSCI USA. Their fees differ too: 0.25% for N1ES.DE and 0.05% for SC0H.DE.
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