QDVK.DE vs. SC03.DE
QDVK.DE (iShares S&P 500 Consumer Discretionary Sector UCITS ETF (Acc)) and SC03.DE (Invesco European Food & Bev Sector UCITS ETF) are both Consumer Staples Equities funds - QDVK.DE tracks the S&P 500 Capped 35/20 Consumer Discretionary while SC03.DE tracks the STOXX® Europe 600 Optimised Food & Beverage. Both are passively managed. Over the past 10 years, QDVK.DE returned 12.34%/yr vs 1.49%/yr for SC03.DE. At a 0.39 correlation, their price movements are largely independent. QDVK.DE charges 0.15%/yr vs 0.20%/yr for SC03.DE.
Performance
QDVK.DE vs. SC03.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVK.DE achieves a 2.64% return, which is significantly lower than SC03.DE's 8.55% return. Over the past 10 years, QDVK.DE has outperformed SC03.DE with an annualized return of 12.34%, while SC03.DE has yielded a comparatively lower 1.49% annualized return.
QDVK.DE
- 1D
- 2.00%
- 1M
- 1.30%
- 6M
- 0.20%
- YTD
- 2.64%
- 1Y
- 11.29%
- 3Y*
- 12.71%
- 5Y*
- 7.78%
- 10Y*
- 12.34%
SC03.DE
- 1D
- 0.58%
- 1M
- 4.78%
- 6M
- 7.46%
- YTD
- 8.55%
- 1Y
- 5.45%
- 3Y*
- -2.55%
- 5Y*
- -2.33%
- 10Y*
- 1.49%
QDVK.DE vs. SC03.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDVK.DE iShares S&P 500 Consumer Discretionary Sector UCITS ETF (Acc) | 2.64% | -5.13% | 38.59% | 38.91% | -33.81% | 35.45% | 20.88% | 31.88% | 3.56% | 7.46% |
SC03.DE Invesco European Food & Bev Sector UCITS ETF | 8.55% | -1.70% | -9.00% | -1.71% | -13.43% | 21.05% | -7.83% | 28.17% | -8.47% | 12.87% |
Correlation
The correlation between QDVK.DE and SC03.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.39 |
Over the past year, the correlation between QDVK.DE and SC03.DE has dropped to 0.12 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
QDVK.DE vs. SC03.DE — Risk / Return Rank
QDVK.DE
SC03.DE
QDVK.DE vs. SC03.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Consumer Discretionary Sector UCITS ETF (Acc) (QDVK.DE) and Invesco European Food & Bev Sector UCITS ETF (SC03.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.
| QDVK.DE | SC03.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.07 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.41 | +0.41 |
| Martin ratioReturn relative to average drawdown | 2.20 | 0.92 | +1.29 |
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Drawdowns
QDVK.DE vs. SC03.DE - Drawdown Comparison
The maximum QDVK.DE drawdown since its inception was -37.32%, which is greater than SC03.DE's maximum drawdown of -32.59%. Use the drawdown chart below to compare losses from any high point for QDVK.DE and SC03.DE.
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Drawdown Indicators
| QDVK.DE | SC03.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.32% | -32.59% | -4.73% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -13.16% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -30.81% | -20.32% | -10.49% |
Max Drawdown (5Y)Largest decline over 5 years | -37.32% | -28.71% | -8.61% |
Max Drawdown (10Y)Largest decline over 10 years | -37.32% | -32.59% | -4.73% |
Current DrawdownCurrent decline from peak | -7.56% | -18.84% | +11.28% |
Average DrawdownAverage peak-to-trough decline | -10.33% | -8.20% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 5.92% | -0.81% |
Volatility
QDVK.DE vs. SC03.DE - Volatility Comparison
iShares S&P 500 Consumer Discretionary Sector UCITS ETF (Acc) (QDVK.DE) has a higher volatility of 6.49% compared to Invesco European Food & Bev Sector UCITS ETF (SC03.DE) at 5.52%. This indicates that QDVK.DE's price experiences larger fluctuations and is considered to be riskier than SC03.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDVK.DE | SC03.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 5.52% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 12.47% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.63% | 15.75% | +2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.96% | 14.35% | +7.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.37% | 14.77% | +6.60% |
QDVK.DE vs. SC03.DE - Expense Ratio Comparison
QDVK.DE has a 0.15% expense ratio, which is lower than SC03.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
QDVK.DE vs. SC03.DE - Dividend Comparison
Neither QDVK.DE nor SC03.DE has paid dividends to shareholders.
Frequently Asked Questions
QDVK.DE and SC03.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVK.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVK.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for SC03.DE.
QDVK.DE tracks S&P 500 Capped 35/20 Consumer Discretionary, while SC03.DE tracks STOXX® Europe 600 Optimised Food & Beverage. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for QDVK.DE and 0.20% for SC03.DE.
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