P500.DE vs. SC0X.DE
P500.DE (Invesco S&P 500 UCITS ETF) and SC0X.DE (Invesco European Technology Sector UCITS ETF) are both exchange-traded funds - P500.DE is a S&P 500 fund tracking the S&P 500 Index, while SC0X.DE is a Technology Equities fund tracking the STOXX® Europe 600 Optimised Technology. Both are passively managed. Over the past 10 years, P500.DE returned 15.16%/yr vs 11.23%/yr for SC0X.DE. A 0.65 correlation means they provide meaningful diversification when combined. P500.DE charges 0.05%/yr vs 0.20%/yr for SC0X.DE.
Performance
P500.DE vs. SC0X.DE - Performance Comparison
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Returns By Period
In the year-to-date period, P500.DE achieves a 11.47% return, which is significantly lower than SC0X.DE's 16.14% return. Over the past 10 years, P500.DE has outperformed SC0X.DE with an annualized return of 15.16%, while SC0X.DE has yielded a comparatively lower 11.23% 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%
SC0X.DE
- 1D
- 1.07%
- 1M
- 11.90%
- YTD
- 16.14%
- 6M
- 14.63%
- 1Y
- 13.43%
- 3Y*
- 11.26%
- 5Y*
- 6.18%
- 10Y*
- 11.23%
P500.DE vs. SC0X.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% |
SC0X.DE Invesco European Technology Sector UCITS ETF | 16.14% | 4.06% | 5.58% | 31.88% | -27.14% | 23.14% | 20.27% | 35.13% | -10.08% | 19.26% |
Correlation
The correlation between P500.DE and SC0X.DE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2011 | 0.65 |
The correlation between P500.DE and SC0X.DE has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.
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Return for Risk
P500.DE vs. SC0X.DE — Risk / Return Rank
P500.DE
SC0X.DE
P500.DE vs. SC0X.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 European Technology Sector UCITS ETF (SC0X.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 | SC0X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.12 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 0.76 | +2.86 |
| Martin ratioReturn relative to average drawdown | 12.91 | 1.99 | +10.92 |
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
| P500.DE | SC0X.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 0.64 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.26 | +0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 0.49 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.53 | +0.48 |
Drawdowns
P500.DE vs. SC0X.DE - Drawdown Comparison
The maximum P500.DE drawdown since its inception was -33.78%, smaller than the maximum SC0X.DE drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for P500.DE and SC0X.DE.
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Drawdown Indicators
| P500.DE | SC0X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -38.91% | +5.13% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -18.06% | +10.95% |
Max Drawdown (3Y)Largest decline over 3 years | -23.34% | -23.90% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -23.34% | -38.91% | +15.57% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -38.91% | +5.13% |
Current DrawdownCurrent decline from peak | -0.40% | -0.23% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -8.77% | +4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 6.88% | -4.89% |
Volatility
P500.DE vs. SC0X.DE - Volatility Comparison
The current volatility for Invesco S&P 500 UCITS ETF (P500.DE) is 2.65%, while Invesco European Technology Sector UCITS ETF (SC0X.DE) has a volatility of 7.28%. This indicates that P500.DE experiences smaller price fluctuations and is considered to be less risky than SC0X.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| P500.DE | SC0X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 7.28% | -4.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 17.98% | -10.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 21.57% | -10.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 23.52% | -8.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 22.65% | -6.58% |
P500.DE vs. SC0X.DE - Expense Ratio Comparison
P500.DE has a 0.05% expense ratio, which is lower than SC0X.DE's 0.20% 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. SC0X.DE - Dividend Comparison
Neither P500.DE nor SC0X.DE has paid dividends to shareholders.
Frequently Asked Questions
P500.DE and SC0X.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
P500.DE is cheaper with a 0.05% expense ratio, compared with 0.20% for SC0X.DE.
P500.DE is categorized as S&P 500, while SC0X.DE is Technology Equities. P500.DE tracks S&P 500 Index, while SC0X.DE tracks STOXX® Europe 600 Optimised Technology. Their fees differ too: 0.05% for P500.DE and 0.20% for SC0X.DE.
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