S7XE.DE vs. SC02.DE
S7XE.DE (Invesco EURO STOXX Optimised Banks UCITS ETF) and SC02.DE (Invesco European Financials Sector UCITS ETF) are both Financials Equities funds from Invesco - S7XE.DE tracks the EURO STOXX® Optimised Banks while SC02.DE tracks the STOXX® Europe 600 Optimised Financial Services. Both are passively managed. Over the past 10 years, S7XE.DE returned 18.15%/yr vs 12.65%/yr for SC02.DE. A 0.64 correlation means they provide meaningful diversification when combined. S7XE.DE charges 0.30%/yr vs 0.20%/yr for SC02.DE.
Performance
S7XE.DE vs. SC02.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, S7XE.DE achieves a 13.54% return, which is significantly higher than SC02.DE's 2.63% return. Over the past 10 years, S7XE.DE has outperformed SC02.DE with an annualized return of 18.15%, while SC02.DE has yielded a comparatively lower 12.65% annualized return.
S7XE.DE
- 1D
- 0.56%
- 1M
- 7.99%
- YTD
- 13.54%
- 6M
- 14.68%
- 1Y
- 51.06%
- 3Y*
- 47.69%
- 5Y*
- 30.88%
- 10Y*
- 18.15%
SC02.DE
- 1D
- 0.77%
- 1M
- -1.32%
- YTD
- 2.63%
- 6M
- 3.47%
- 1Y
- 8.49%
- 3Y*
- 17.81%
- 5Y*
- 8.16%
- 10Y*
- 12.65%
S7XE.DE vs. SC02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 13.54% | 86.82% | 30.66% | 28.83% | 0.46% | 39.15% | -23.11% | 18.12% | -32.15% | 14.80% |
SC02.DE Invesco European Financials Sector UCITS ETF | 2.63% | 9.93% | 19.25% | 27.60% | -20.74% | 24.60% | 6.09% | 46.54% | -14.49% | 18.89% |
Correlation
The correlation between S7XE.DE and SC02.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2011 | 0.64 |
The correlation between S7XE.DE and SC02.DE shifts across timeframes, from 0.52 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
S7XE.DE vs. SC02.DE — Risk / Return Rank
S7XE.DE
SC02.DE
S7XE.DE vs. SC02.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) and Invesco European Financials Sector UCITS ETF (SC02.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.
| S7XE.DE | SC02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.10 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 0.69 | +2.22 |
| Martin ratioReturn relative to average drawdown | 9.23 | 1.93 | +7.30 |
Loading charts...
Drawdowns
S7XE.DE vs. SC02.DE - Drawdown Comparison
The maximum S7XE.DE drawdown since its inception was -65.32%, which is greater than SC02.DE's maximum drawdown of -42.86%. Use the drawdown chart below to compare losses from any high point for S7XE.DE and SC02.DE.
Loading charts...
Drawdown Indicators
| S7XE.DE | SC02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.32% | -42.86% | -22.46% |
Max Drawdown (1Y)Largest decline over 1 year | -17.42% | -12.17% | -5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | -19.17% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -35.41% | -29.68% | -5.73% |
Max Drawdown (10Y)Largest decline over 10 years | -63.09% | -42.86% | -20.23% |
Current DrawdownCurrent decline from peak | -1.70% | -2.51% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -22.92% | -7.98% | -14.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.52% | 4.38% | +1.14% |
Volatility
S7XE.DE vs. SC02.DE - Volatility Comparison
Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) has a higher volatility of 6.41% compared to Invesco European Financials Sector UCITS ETF (SC02.DE) at 4.90%. This indicates that S7XE.DE's price experiences larger fluctuations and is considered to be riskier than SC02.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| S7XE.DE | SC02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.41% | 4.90% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 19.74% | 12.76% | +6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.00% | 15.89% | +8.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.65% | 19.10% | +6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.90% | 20.06% | +7.84% |
S7XE.DE vs. SC02.DE - Expense Ratio Comparison
S7XE.DE has a 0.30% expense ratio, which is higher than SC02.DE's 0.20% expense ratio.
Dividends
S7XE.DE vs. SC02.DE - Dividend Comparison
Neither S7XE.DE nor SC02.DE has paid dividends to shareholders.
Frequently Asked Questions
S7XE.DE and SC02.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC02.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC02.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for S7XE.DE.
S7XE.DE tracks EURO STOXX® Optimised Banks, while SC02.DE tracks STOXX® Europe 600 Optimised Financial Services. Their fees differ too: 0.30% for S7XE.DE and 0.20% for SC02.DE.
Find the right allocation for S7XE.DE and SC02.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer