SC00.DE vs. ZPDI.DE
SC00.DE (Invesco European Chemicals Sector UCITS ETF) and ZPDI.DE (State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc)) are both Industrials Equities funds - SC00.DE tracks the STOXX® Europe 600 Optimised Chemicals while ZPDI.DE tracks the S&P Industrials Select Sector Daily Capped 35/20 Index. Both are passively managed. Over the past 10 years, SC00.DE returned 6.31%/yr vs 13.05%/yr for ZPDI.DE. A 0.57 correlation means they provide meaningful diversification when combined. SC00.DE charges 0.20%/yr vs 0.15%/yr for ZPDI.DE.
Performance
SC00.DE vs. ZPDI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC00.DE achieves a 15.52% return, which is significantly lower than ZPDI.DE's 18.53% return. Over the past 10 years, SC00.DE has underperformed ZPDI.DE with an annualized return of 6.31%, while ZPDI.DE has yielded a comparatively higher 13.05% annualized return.
SC00.DE
- 1D
- -0.14%
- 1M
- 1.98%
- 6M
- 13.88%
- YTD
- 15.52%
- 1Y
- 6.24%
- 3Y*
- 2.53%
- 5Y*
- 0.33%
- 10Y*
- 6.31%
ZPDI.DE
- 1D
- -0.17%
- 1M
- 0.57%
- 6M
- 9.72%
- YTD
- 18.53%
- 1Y
- 21.76%
- 3Y*
- 18.56%
- 5Y*
- 14.00%
- 10Y*
- 13.05%
SC00.DE vs. ZPDI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC00.DE Invesco European Chemicals Sector UCITS ETF | 15.52% | -5.68% | -7.91% | 15.23% | -16.65% | 21.09% | 9.77% | 30.58% | -13.88% | 14.11% |
ZPDI.DE State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) | 18.53% | 6.82% | 23.74% | 13.82% | -0.16% | 32.11% | -0.48% | 32.04% | -9.77% | 8.34% |
Correlation
The correlation between SC00.DE and ZPDI.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015 | 0.57 |
Over the past year, the correlation between SC00.DE and ZPDI.DE has dropped to 0.22 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
SC00.DE vs. ZPDI.DE — Risk / Return Rank
SC00.DE
ZPDI.DE
SC00.DE vs. ZPDI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Chemicals Sector UCITS ETF (SC00.DE) and State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) (ZPDI.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.
| SC00.DE | ZPDI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.26 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 2.45 | -1.91 |
| Martin ratioReturn relative to average drawdown | 1.11 | 7.93 | -6.82 |
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Drawdowns
SC00.DE vs. ZPDI.DE - Drawdown Comparison
The maximum SC00.DE drawdown since its inception was -31.04%, smaller than the maximum ZPDI.DE drawdown of -41.62%. Use the drawdown chart below to compare losses from any high point for SC00.DE and ZPDI.DE.
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Drawdown Indicators
| SC00.DE | ZPDI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.04% | -41.62% | +10.58% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -8.83% | -2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -20.01% | -22.54% | +2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -26.73% | -22.54% | -4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -31.04% | -41.62% | +10.58% |
Current DrawdownCurrent decline from peak | -5.69% | -3.10% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -7.65% | -5.94% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.59% | 2.74% | +2.85% |
Volatility
SC00.DE vs. ZPDI.DE - Volatility Comparison
The current volatility for Invesco European Chemicals Sector UCITS ETF (SC00.DE) is 4.13%, while State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) (ZPDI.DE) has a volatility of 4.79%. This indicates that SC00.DE experiences smaller price fluctuations and is considered to be less risky than ZPDI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC00.DE | ZPDI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 4.79% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 12.53% | 11.69% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.95% | 14.94% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.07% | 16.80% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.25% | 20.52% | -3.27% |
SC00.DE vs. ZPDI.DE - Expense Ratio Comparison
SC00.DE has a 0.20% expense ratio, which is higher than ZPDI.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SC00.DE vs. ZPDI.DE - Dividend Comparison
Neither SC00.DE nor ZPDI.DE has paid dividends to shareholders.
Frequently Asked Questions
SC00.DE and ZPDI.DE have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDI.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDI.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for SC00.DE.
SC00.DE tracks STOXX® Europe 600 Optimised Chemicals, while ZPDI.DE tracks S&P Industrials Select Sector Daily Capped 35/20 Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.20% for SC00.DE and 0.15% for ZPDI.DE.
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