QVMP.DE vs. SC0H.DE

Last updated Jun 5, 2026

QVMP.DE (Invesco S&P 500 QVM UCITS ETF) and SC0H.DE (Invesco MSCI USA UCITS ETF) are both exchange-traded funds - QVMP.DE is a S&P 500 fund tracking the S&P 500 Quality, Value & Momentum Multi-Factor, while SC0H.DE is a Large Cap Blend Equities fund tracking the MSCI USA. Both are passively managed. Over the past 5 years, QVMP.DE returned 16.50%/yr vs 14.59%/yr for SC0H.DE. Their correlation of 0.84 suggests significant overlap in exposure. QVMP.DE charges 0.35%/yr vs 0.05%/yr for SC0H.DE.

Performance

QVMP.DE vs. SC0H.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco S&P 500 QVM UCITS ETF (QVMP.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, QVMP.DE achieves a 17.52% return, which is significantly higher than SC0H.DE's 11.30% return.

QVMP.DE

• 1D: 0.24%
• 1M: 4.74%
• YTD: 17.52%
• 6M: 17.83%
• 1Y: 21.58%
• 3Y*: 21.01%
• 5Y*: 16.50%
• 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%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QVMP.DE Invesco S&P 500 QVM UCITS ETF	17.52%	1.52%	37.24%	3.45%	6.13%	36.91%	-1.58%	28.87%	-3.41%	8.38%
SC0H.DE Invesco MSCI USA UCITS ETF	11.30%	4.77%	32.56%	23.60%	-15.55%	38.99%	9.76%	35.08%	-1.12%	3.56%

Correlation

The correlation between QVMP.DE and SC0H.DE is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017	0.84

Over the past year, the correlation between QVMP.DE and SC0H.DE has dropped to 0.64 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Return for Risk

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

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

QVMP.DE

QVMP.DE Risk / Return Rank: 67
QVMP.DE Sharpe Ratio Rank: 57
QVMP.DE Sortino Ratio Rank: 60
QVMP.DE Omega Ratio Rank: 55
QVMP.DE Calmar Ratio Rank: 90
QVMP.DE Martin Ratio Rank: 71

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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 QVM UCITS ETF (QVMP.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.

	QVMP.DE	SC0H.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.16	-0.26
Sortino ratio: Return per unit of downside risk	2.77	2.94	-0.17
Omega ratio: Gain probability vs. loss probability	1.34	1.40	-0.06
Calmar ratio: Return relative to maximum drawdown	5.40	3.45	+1.95
Martin ratio: Return relative to average drawdown	13.12	11.96	+1.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current QVMP.DE Sharpe Ratio is 1.91, which is comparable to the SC0H.DE Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of QVMP.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

	QVMP.DE	SC0H.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	2.16	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.02	0.94	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.98	-0.16

Drawdowns

QVMP.DE vs. SC0H.DE - Drawdown Comparison

The maximum QVMP.DE drawdown since its inception was -34.10%, roughly equal to the maximum SC0H.DE drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for QVMP.DE and SC0H.DE.

Drawdown Indicators

	QVMP.DE	SC0H.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.10%	-34.20%	+0.10%
Max Drawdown (1Y) Largest decline over 1 year	-3.81%	-7.32%	+3.51%
Max Drawdown (3Y) Largest decline over 3 years	-19.88%	-23.66%	+3.78%
Max Drawdown (5Y) Largest decline over 5 years	-19.88%	-23.66%	+3.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.20%	—
Current Drawdown Current decline from peak	-0.18%	-0.41%	+0.23%
Average Drawdown Average peak-to-trough decline	-5.04%	-4.13%	-0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	2.11%	-0.54%

Volatility

QVMP.DE vs. SC0H.DE - Volatility Comparison

Invesco S&P 500 QVM UCITS ETF (QVMP.DE) and Invesco MSCI USA UCITS ETF (SC0H.DE) have volatilities of 2.72% and 2.68%, 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

	QVMP.DE	SC0H.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	2.68%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	7.38%	7.66%	-0.28%
Volatility (1Y) Calculated over the trailing 1-year period	10.79%	11.67%	-0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.03%	15.41%	+0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.08%	16.23%	+0.85%

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

QVMP.DE has a 0.35% expense ratio, which is higher than SC0H.DE's 0.05% expense ratio.

Dividends

QVMP.DE vs. SC0H.DE - Dividend Comparison

QVMP.DE's dividend yield for the trailing twelve months is around 0.77%, while SC0H.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
QVMP.DE Invesco S&P 500 QVM UCITS ETF	0.77%	0.84%	0.82%	1.61%	1.82%	0.86%	1.58%	1.38%	1.31%	0.72%
SC0H.DE Invesco MSCI USA UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

QVMP.DE and SC0H.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

SC0H.DE is cheaper with a 0.05% expense ratio, compared with 0.35% for QVMP.DE.

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

QVMP.DE is categorized as S&P 500, while SC0H.DE is Large Cap Blend Equities. QVMP.DE tracks S&P 500 Quality, Value & Momentum Multi-Factor, while SC0H.DE tracks MSCI USA. Their fees differ too: 0.35% for QVMP.DE and 0.05% for SC0H.DE.