S0LR.DE vs. SC0V.DE
S0LR.DE (Invesco Solar Energy UCITS ETF Acc) and SC0V.DE (Invesco European Oil & Gas Sector UCITS ETF) are both Energy Equities funds from Invesco - S0LR.DE tracks the MAC Global Solar Energy while SC0V.DE tracks the STOXX® Europe 600 Optimised Oil & Gas. Both are passively managed. Over the past 3 years, S0LR.DE returned -3.99%/yr vs 21.14%/yr for SC0V.DE. At a 0.28 correlation, their price movements are largely independent. S0LR.DE charges 0.69%/yr vs 0.20%/yr for SC0V.DE.
Performance
S0LR.DE vs. SC0V.DE - Performance Comparison
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Returns By Period
In the year-to-date period, S0LR.DE achieves a 39.14% return, which is significantly higher than SC0V.DE's 34.01% return.
S0LR.DE
- 1D
- -2.10%
- 1M
- 15.39%
- YTD
- 39.14%
- 6M
- 44.58%
- 1Y
- 102.95%
- 3Y*
- -3.99%
- 5Y*
- —
- 10Y*
- —
SC0V.DE
- 1D
- -0.63%
- 1M
- -5.05%
- YTD
- 34.01%
- 6M
- 31.68%
- 1Y
- 58.57%
- 3Y*
- 21.14%
- 5Y*
- 19.52%
- 10Y*
- 11.36%
S0LR.DE vs. SC0V.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
S0LR.DE Invesco Solar Energy UCITS ETF Acc | 39.14% | 31.50% | -33.95% | -27.80% | 1.22% | -8.13% |
SC0V.DE Invesco European Oil & Gas Sector UCITS ETF | 34.01% | 29.15% | -5.65% | 5.37% | 30.86% | 10.49% |
Correlation
The correlation between S0LR.DE and SC0V.DE is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.28 |
The correlation between S0LR.DE and SC0V.DE shifts across timeframes, from 0.08 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
S0LR.DE vs. SC0V.DE — Risk / Return Rank
S0LR.DE
SC0V.DE
S0LR.DE vs. SC0V.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Solar Energy UCITS ETF Acc (S0LR.DE) and Invesco European Oil & Gas Sector UCITS ETF (SC0V.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.
| S0LR.DE | SC0V.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.54 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 8.71 | 7.93 | +0.79 |
| Martin ratioReturn relative to average drawdown | 21.79 | 28.20 | -6.41 |
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
| S0LR.DE | SC0V.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 3.19 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.34 | -0.46 |
Drawdowns
S0LR.DE vs. SC0V.DE - Drawdown Comparison
The maximum S0LR.DE drawdown since its inception was -73.43%, which is greater than SC0V.DE's maximum drawdown of -57.15%. Use the drawdown chart below to compare losses from any high point for S0LR.DE and SC0V.DE.
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Drawdown Indicators
| S0LR.DE | SC0V.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.43% | -57.15% | -16.28% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -7.35% | -4.40% |
Max Drawdown (3Y)Largest decline over 3 years | -65.01% | -22.22% | -42.79% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.22% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.15% | — |
Current DrawdownCurrent decline from peak | -32.82% | -5.05% | -27.77% |
Average DrawdownAverage peak-to-trough decline | -39.70% | -10.52% | -29.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 2.07% | +2.64% |
Volatility
S0LR.DE vs. SC0V.DE - Volatility Comparison
Invesco Solar Energy UCITS ETF Acc (S0LR.DE) has a higher volatility of 12.56% compared to Invesco European Oil & Gas Sector UCITS ETF (SC0V.DE) at 6.07%. This indicates that S0LR.DE's price experiences larger fluctuations and is considered to be riskier than SC0V.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| S0LR.DE | SC0V.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 6.07% | +6.49% |
Volatility (6M)Calculated over the trailing 6-month period | 23.50% | 14.92% | +8.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.92% | 18.28% | +15.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.23% | 21.74% | +14.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.23% | 23.93% | +12.30% |
S0LR.DE vs. SC0V.DE - Expense Ratio Comparison
S0LR.DE has a 0.69% expense ratio, which is higher than SC0V.DE's 0.20% expense ratio.
Dividends
S0LR.DE vs. SC0V.DE - Dividend Comparison
Neither S0LR.DE nor SC0V.DE has paid dividends to shareholders.
Frequently Asked Questions
S0LR.DE and SC0V.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0V.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0V.DE is cheaper with a 0.20% expense ratio, compared with 0.69% for S0LR.DE.
S0LR.DE tracks MAC Global Solar Energy, while SC0V.DE tracks STOXX® Europe 600 Optimised Oil & Gas. Their fees differ too: 0.69% for S0LR.DE and 0.20% for SC0V.DE.
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