SC01.DE vs. SPYP.DE
SC01.DE (Invesco European Construction Sector UCITS ETF) and SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) are both Industrials Equities funds - SC01.DE tracks the STOXX® Europe 600 Optimised Construction & Materials while SPYP.DE tracks the MSCI Europe Materials 20/35 Capped. Both are passively managed. Over the past 10 years, SC01.DE returned 10.20%/yr vs 11.05%/yr for SPYP.DE. A 0.54 correlation means they provide meaningful diversification when combined. SC01.DE charges 0.20%/yr vs 0.18%/yr for SPYP.DE.
Performance
SC01.DE vs. SPYP.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 SPYP.DE's 17.42% return. Over the past 10 years, SC01.DE has underperformed SPYP.DE with an annualized return of 10.20%, while SPYP.DE has yielded a comparatively higher 11.05% annualized 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%
SPYP.DE
- 1D
- -0.40%
- 1M
- 5.89%
- YTD
- 17.42%
- 6M
- 21.88%
- 1Y
- 25.97%
- 3Y*
- 12.38%
- 5Y*
- 6.68%
- 10Y*
- 11.05%
SC01.DE vs. SPYP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC01.DE Invesco European Construction Sector UCITS ETF | 0.76% | 24.01% | 7.02% | 34.08% | -17.94% | 32.21% | -1.77% | 44.55% | -20.32% | 10.70% |
SPYP.DE SPDR MSCI Europe Materials UCITS ETF | 17.42% | 13.01% | -3.09% | 12.36% | -9.22% | 24.42% | 9.86% | 27.43% | -14.57% | 18.99% |
Correlation
The correlation between SC01.DE and SPYP.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.54 |
The correlation between SC01.DE and SPYP.DE shifts across timeframes, from 0.54 (all time) to 0.74 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SC01.DE vs. SPYP.DE — Risk / Return Rank
SC01.DE
SPYP.DE
SC01.DE vs. SPYP.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 SPDR MSCI Europe Materials UCITS ETF (SPYP.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 | SPYP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.26 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 1.98 | -1.54 |
| Martin ratioReturn relative to average drawdown | 1.32 | 7.94 | -6.63 |
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 | SPYP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.52 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.37 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.57 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.42 | +0.23 |
Drawdowns
SC01.DE vs. SPYP.DE - Drawdown Comparison
The maximum SC01.DE drawdown since its inception was -37.00%, roughly equal to the maximum SPYP.DE drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for SC01.DE and SPYP.DE.
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Drawdown Indicators
| SC01.DE | SPYP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.00% | -36.99% | -0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -15.23% | -13.07% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -17.02% | -20.69% | +3.67% |
Max Drawdown (5Y)Largest decline over 5 years | -28.80% | -22.63% | -6.17% |
Max Drawdown (10Y)Largest decline over 10 years | -37.00% | -35.40% | -1.60% |
Current DrawdownCurrent decline from peak | -6.47% | -1.54% | -4.93% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -7.59% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.10% | 3.26% | +1.84% |
Volatility
SC01.DE vs. SPYP.DE - Volatility Comparison
Invesco European Construction Sector UCITS ETF (SC01.DE) and SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) have volatilities of 6.44% and 6.50%, 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.
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Volatility by Period
| SC01.DE | SPYP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 6.50% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 16.34% | 14.33% | +2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.13% | 17.04% | +3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.35% | 17.94% | +2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.03% | 19.34% | +5.69% |
SC01.DE vs. SPYP.DE - Expense Ratio Comparison
SC01.DE has a 0.20% expense ratio, which is higher than SPYP.DE's 0.18% 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
SC01.DE vs. SPYP.DE - Dividend Comparison
Neither SC01.DE nor SPYP.DE has paid dividends to shareholders.
Frequently Asked Questions
SC01.DE and SPYP.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYP.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYP.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC01.DE.
SC01.DE tracks STOXX® Europe 600 Optimised Construction & Materials, while SPYP.DE tracks MSCI Europe Materials 20/35 Capped. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.20% for SC01.DE and 0.18% for SPYP.DE.
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