OP7E.DE vs. SC0H.DE

Last updated Jun 5, 2026

OP7E.DE (Ossiam Bloomberg USA PAB UCITS ETF (EUR)) and SC0H.DE (Invesco MSCI USA UCITS ETF) are both Large Cap Blend Equities funds - OP7E.DE tracks the Bloomberg PAB US Large & Mid Cap while SC0H.DE tracks the MSCI USA. Both are passively managed. Over the past 3 years, OP7E.DE returned 16.14%/yr vs 19.18%/yr for SC0H.DE. With a 0.97 correlation, they move nearly in lockstep. OP7E.DE charges 0.12%/yr vs 0.05%/yr for SC0H.DE.

Performance

OP7E.DE vs. SC0H.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Ossiam Bloomberg USA PAB UCITS ETF (EUR) (OP7E.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, OP7E.DE achieves a 9.44% return, which is significantly lower than SC0H.DE's 11.30% return.

OP7E.DE

• 1D: -0.19%
• 1M: 6.76%
• YTD: 9.44%
• 6M: 9.62%
• 1Y: 18.97%
• 3Y*: 16.14%
• 5Y*: —
• 10Y*: —

SC0H.DE

• 1D: -0.11%
• 1M: 5.36%
• YTD: 11.30%
• 6M: 11.28%
• 1Y: 25.34%
• 3Y*: 19.18%
• 5Y*: 14.59%
• 10Y*: 15.07%

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

OP7E.DE vs. SC0H.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
OP7E.DE Ossiam Bloomberg USA PAB UCITS ETF (EUR)	9.44%	1.18%	29.02%	22.72%	-14.67%
SC0H.DE Invesco MSCI USA UCITS ETF	11.30%	4.77%	32.56%	23.60%	-14.27%

Correlation

The correlation between OP7E.DE and SC0H.DE is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022	0.97

The correlation between OP7E.DE and SC0H.DE has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

OP7E.DE vs. SC0H.DE — Risk / Return Rank

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

OP7E.DE

OP7E.DE Risk / Return Rank: 45
OP7E.DE Sharpe Ratio Rank: 46
OP7E.DE Sortino Ratio Rank: 45
OP7E.DE Omega Ratio Rank: 46
OP7E.DE Calmar Ratio Rank: 44
OP7E.DE Martin Ratio Rank: 43

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.

OP7E.DE vs. SC0H.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ossiam Bloomberg USA PAB UCITS ETF (EUR) (OP7E.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.

	OP7E.DE	SC0H.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.16	-0.60
Sortino ratio: Return per unit of downside risk	2.18	2.94	-0.76
Omega ratio: Gain probability vs. loss probability	1.29	1.40	-0.12
Calmar ratio: Return relative to maximum drawdown	2.11	3.45	-1.34
Martin ratio: Return relative to average drawdown	6.82	11.96	-5.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OP7E.DE vs. SC0H.DE - Sharpe Ratio Comparison

The current OP7E.DE Sharpe Ratio is 1.56, which is comparable to the SC0H.DE Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of OP7E.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

	OP7E.DE	SC0H.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	2.16	-0.60
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	0.75	0.98	-0.22

Drawdowns

OP7E.DE vs. SC0H.DE - Drawdown Comparison

The maximum OP7E.DE drawdown since its inception was -23.71%, smaller than the maximum SC0H.DE drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for OP7E.DE and SC0H.DE.

Drawdown Indicators

	OP7E.DE	SC0H.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.71%	-34.20%	+10.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.94%	-7.32%	-1.62%
Max Drawdown (3Y) Largest decline over 3 years	-23.71%	-23.66%	-0.05%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.66%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.20%	—
Current Drawdown Current decline from peak	-0.50%	-0.41%	-0.09%
Average Drawdown Average peak-to-trough decline	-4.90%	-4.13%	-0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	2.11%	+0.66%

Volatility

OP7E.DE vs. SC0H.DE - Volatility Comparison

Ossiam Bloomberg USA PAB UCITS ETF (EUR) (OP7E.DE) has a higher volatility of 3.07% compared to Invesco MSCI USA UCITS ETF (SC0H.DE) at 2.68%. This indicates that OP7E.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

	OP7E.DE	SC0H.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	2.68%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	8.23%	7.66%	+0.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	11.67%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.78%	15.41%	-0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.78%	16.23%	-1.45%

OP7E.DE vs. SC0H.DE - Expense Ratio Comparison

OP7E.DE has a 0.12% 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

OP7E.DE vs. SC0H.DE - Dividend Comparison

Neither OP7E.DE nor SC0H.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OP7E.DE and SC0H.DE in my portfolio?

With a correlation of 0.97, OP7E.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.

Which ETF is better, OP7E.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, OP7E.DE or SC0H.DE?

SC0H.DE is cheaper with a 0.05% expense ratio, compared with 0.12% for OP7E.DE.

What is the main difference between OP7E.DE and SC0H.DE?

OP7E.DE tracks Bloomberg PAB US Large & Mid Cap, while SC0H.DE tracks MSCI USA. They also come from different issuers: Natixis and Invesco. Their fees differ too: 0.12% for OP7E.DE and 0.05% for SC0H.DE.