P500.DE vs. SC0J.DE

Last updated Jun 5, 2026

P500.DE (Invesco S&P 500 UCITS ETF) and SC0J.DE (Invesco MSCI World UCITS ETF Acc) are both exchange-traded funds - P500.DE is a S&P 500 fund tracking the S&P 500 Index, while SC0J.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 10 years, P500.DE returned 15.16%/yr vs 12.86%/yr for SC0J.DE. Their correlation of 0.94 suggests significant overlap in exposure. P500.DE charges 0.05%/yr vs 0.19%/yr for SC0J.DE.

Performance

P500.DE vs. SC0J.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco S&P 500 UCITS ETF (P500.DE) and Invesco MSCI World UCITS ETF Acc (SC0J.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with P500.DE having a 11.47% return and SC0J.DE slightly lower at 10.95%. Over the past 10 years, P500.DE has outperformed SC0J.DE with an annualized return of 15.16%, while SC0J.DE has yielded a comparatively lower 12.86% annualized return.

P500.DE

• 1D: -0.10%
• 1M: 4.39%
• YTD: 11.47%
• 6M: 10.93%
• 1Y: 25.73%
• 3Y*: 19.07%
• 5Y*: 14.99%
• 10Y*: 15.16%

SC0J.DE

• 1D: -0.02%
• 1M: 3.73%
• YTD: 10.95%
• 6M: 10.97%
• 1Y: 23.90%
• 3Y*: 17.62%
• 5Y*: 12.96%
• 10Y*: 12.86%

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

P500.DE vs. SC0J.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
P500.DE Invesco S&P 500 UCITS ETF	11.47%	4.88%	32.56%	22.69%	-14.05%	41.05%	7.04%	34.88%	-0.84%	6.71%
SC0J.DE Invesco MSCI World UCITS ETF Acc	10.95%	7.78%	26.07%	20.32%	-13.60%	32.76%	5.64%	31.45%	-5.00%	7.71%

Correlation

The correlation between P500.DE and SC0J.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 (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Nov 17, 2011	0.94

The correlation between P500.DE and SC0J.DE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

P500.DE vs. SC0J.DE — Risk / Return Rank

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

P500.DE

P500.DE Risk / Return Rank: 70
P500.DE Sharpe Ratio Rank: 69
P500.DE Sortino Ratio Rank: 67
P500.DE Omega Ratio Rank: 71
P500.DE Calmar Ratio Rank: 73
P500.DE Martin Ratio Rank: 70

SC0J.DE

SC0J.DE Risk / Return Rank: 70
SC0J.DE Sharpe Ratio Rank: 66
SC0J.DE Sortino Ratio Rank: 66
SC0J.DE Omega Ratio Rank: 69
SC0J.DE Calmar Ratio Rank: 74
SC0J.DE Martin Ratio Rank: 77

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.

P500.DE vs. SC0J.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (P500.DE) and Invesco MSCI World UCITS ETF Acc (SC0J.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.

	P500.DE	SC0J.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.23	2.14	+0.09
Sortino ratio: Return per unit of downside risk	3.03	2.99	+0.04
Omega ratio: Gain probability vs. loss probability	1.41	1.40	+0.01
Calmar ratio: Return relative to maximum drawdown	3.62	3.66	-0.04
Martin ratio: Return relative to average drawdown	12.91	14.66	-1.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

P500.DE vs. SC0J.DE - Sharpe Ratio Comparison

The current P500.DE Sharpe Ratio is 2.23, which is comparable to the SC0J.DE Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of P500.DE and SC0J.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

	P500.DE	SC0J.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	2.14	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	0.91	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	0.85	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	0.87	+0.14

Drawdowns

P500.DE vs. SC0J.DE - Drawdown Comparison

The maximum P500.DE drawdown since its inception was -33.78%, roughly equal to the maximum SC0J.DE drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for P500.DE and SC0J.DE.

Drawdown Indicators

	P500.DE	SC0J.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.78%	-33.91%	+0.13%
Max Drawdown (1Y) Largest decline over 1 year	-7.11%	-6.52%	-0.59%
Max Drawdown (3Y) Largest decline over 3 years	-23.34%	-21.66%	-1.68%
Max Drawdown (5Y) Largest decline over 5 years	-23.34%	-21.66%	-1.68%
Max Drawdown (10Y) Largest decline over 10 years	-33.78%	-33.91%	+0.13%
Current Drawdown Current decline from peak	-0.40%	-0.33%	-0.07%
Average Drawdown Average peak-to-trough decline	-3.85%	-4.23%	+0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	1.63%	+0.36%

Volatility

P500.DE vs. SC0J.DE - Volatility Comparison

Invesco S&P 500 UCITS ETF (P500.DE) and Invesco MSCI World UCITS ETF Acc (SC0J.DE) have volatilities of 2.65% and 2.62%, 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.

Volatility by Period

	P500.DE	SC0J.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	2.62%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.59%	7.78%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	11.52%	11.15%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	14.15%	+1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.07%	15.09%	+0.98%

P500.DE vs. SC0J.DE - Expense Ratio Comparison

P500.DE has a 0.05% expense ratio, which is lower than SC0J.DE's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

P500.DE vs. SC0J.DE - Dividend Comparison

Neither P500.DE nor SC0J.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both P500.DE and SC0J.DE in my portfolio?

With a correlation of 0.97, P500.DE and SC0J.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, P500.DE or SC0J.DE?

On fees, P500.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, P500.DE or SC0J.DE?

P500.DE is cheaper with a 0.05% expense ratio, compared with 0.19% for SC0J.DE.

What is the main difference between P500.DE and SC0J.DE?

P500.DE is categorized as S&P 500, while SC0J.DE is Global Equities. P500.DE tracks S&P 500 Index, while SC0J.DE tracks MSCI World. Their fees differ too: 0.05% for P500.DE and 0.19% for SC0J.DE.