SC01.DE vs. DFEN.DE
SC01.DE (Invesco European Construction Sector UCITS ETF) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - SC01.DE is a Industrials Equities fund tracking the STOXX® Europe 600 Optimised Construction & Materials, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past year, SC01.DE returned 6.72% vs 14.03% for DFEN.DE. At a 0.34 correlation, their price movements are largely independent. SC01.DE charges 0.20%/yr vs 0.55%/yr for DFEN.DE.
Performance
SC01.DE vs. DFEN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC01.DE achieves a 0.76% return, which is significantly lower than DFEN.DE's 4.02% return.
SC01.DE
- 1D
- 0.05%
- 1M
- -0.82%
- YTD
- 0.76%
- 6M
- 3.12%
- 1Y
- 6.72%
- 3Y*
- 15.53%
- 5Y*
- 9.82%
- 10Y*
- 10.20%
DFEN.DE
- 1D
- 0.30%
- 1M
- -3.33%
- YTD
- 4.02%
- 6M
- 6.91%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SC01.DE vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SC01.DE Invesco European Construction Sector UCITS ETF | 0.76% | 24.01% | 7.02% | 15.20% |
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
Correlation
The correlation between SC01.DE and DFEN.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 (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.34 |
The correlation between SC01.DE and DFEN.DE shifts across timeframes, from 0.22 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SC01.DE vs. DFEN.DE — Risk / Return Rank
SC01.DE
DFEN.DE
SC01.DE vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Construction Sector UCITS ETF (SC01.DE) and VanEck Defense UCITS ETF A (DFEN.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.
| SC01.DE | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.11 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 0.75 | -0.31 |
| Martin ratioReturn relative to average drawdown | 1.32 | 1.81 | -0.49 |
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
| SC01.DE | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.56 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 1.75 | -1.11 |
Drawdowns
SC01.DE vs. DFEN.DE - Drawdown Comparison
The maximum SC01.DE drawdown since its inception was -37.00%, which is greater than DFEN.DE's maximum drawdown of -18.60%. Use the drawdown chart below to compare losses from any high point for SC01.DE and DFEN.DE.
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Drawdown Indicators
| SC01.DE | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.00% | -18.60% | -18.40% |
Max Drawdown (1Y)Largest decline over 1 year | -15.23% | -18.60% | +3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -17.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.00% | — | — |
Current DrawdownCurrent decline from peak | -6.47% | -15.21% | +8.74% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -3.27% | -3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.10% | 7.72% | -2.62% |
Volatility
SC01.DE vs. DFEN.DE - Volatility Comparison
The current volatility for Invesco European Construction Sector UCITS ETF (SC01.DE) is 6.44%, while VanEck Defense UCITS ETF A (DFEN.DE) has a volatility of 7.38%. This indicates that SC01.DE experiences smaller price fluctuations and is considered to be less risky than DFEN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC01.DE | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 7.38% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 16.34% | 19.16% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.13% | 24.79% | -4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.35% | 21.47% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.03% | 21.47% | +3.56% |
SC01.DE vs. DFEN.DE - Expense Ratio Comparison
SC01.DE has a 0.20% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
SC01.DE vs. DFEN.DE - Dividend Comparison
Neither SC01.DE nor DFEN.DE has paid dividends to shareholders.
Frequently Asked Questions
SC01.DE and DFEN.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, SC01.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC01.DE is cheaper with a 0.20% expense ratio, compared with 0.55% for DFEN.DE.
SC01.DE is categorized as Industrials Equities, while DFEN.DE is Aerospace & Defense. SC01.DE tracks STOXX® Europe 600 Optimised Construction & Materials, while DFEN.DE tracks MarketVector Global Defense Industry Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.20% for SC01.DE and 0.55% for DFEN.DE.
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