SC01.DE vs. ZPDI.DE
SC01.DE (Invesco European Construction Sector UCITS ETF) and ZPDI.DE (State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc)) are both Industrials Equities funds - SC01.DE tracks the STOXX® Europe 600 Optimised Construction & Materials while ZPDI.DE tracks the S&P Industrials Select Sector Daily Capped 35/20 Index. Both are passively managed. Over the past 10 years, SC01.DE returned 10.17%/yr vs 13.19%/yr for ZPDI.DE. A 0.62 correlation means they provide meaningful diversification when combined. SC01.DE charges 0.20%/yr vs 0.15%/yr for ZPDI.DE.
Performance
SC01.DE vs. ZPDI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC01.DE achieves a -1.17% return, which is significantly lower than ZPDI.DE's 19.52% return. Over the past 10 years, SC01.DE has underperformed ZPDI.DE with an annualized return of 10.17%, while ZPDI.DE has yielded a comparatively higher 13.19% annualized return.
SC01.DE
- 1D
- -0.75%
- 1M
- -2.90%
- 6M
- -3.94%
- YTD
- -1.17%
- 1Y
- 2.31%
- 3Y*
- 13.92%
- 5Y*
- 9.12%
- 10Y*
- 10.17%
ZPDI.DE
- 1D
- -0.27%
- 1M
- 4.70%
- 6M
- 14.56%
- YTD
- 19.52%
- 1Y
- 24.74%
- 3Y*
- 19.45%
- 5Y*
- 14.26%
- 10Y*
- 13.19%
SC01.DE vs. ZPDI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC01.DE Invesco European Construction Sector UCITS ETF | -1.17% | 24.01% | 7.02% | 34.08% | -17.94% | 32.44% | -1.83% | 41.29% | -18.61% | 9.89% |
ZPDI.DE State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) | 19.52% | 6.82% | 23.74% | 13.82% | -0.16% | 32.11% | -0.48% | 32.04% | -9.77% | 8.34% |
Correlation
The correlation between SC01.DE and ZPDI.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015 | 0.62 |
The correlation between SC01.DE and ZPDI.DE has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.
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Return for Risk
SC01.DE vs. ZPDI.DE — Risk / Return Rank
SC01.DE
ZPDI.DE
SC01.DE vs. ZPDI.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 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.
| SC01.DE | ZPDI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.29 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 2.79 | -2.64 |
| Martin ratioReturn relative to average drawdown | 0.43 | 9.10 | -8.67 |
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Drawdowns
SC01.DE vs. ZPDI.DE - Drawdown Comparison
The maximum SC01.DE drawdown since its inception was -41.70%, roughly equal to the maximum ZPDI.DE drawdown of -41.62%. Use the drawdown chart below to compare losses from any high point for SC01.DE and ZPDI.DE.
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Drawdown Indicators
| SC01.DE | ZPDI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.70% | -41.62% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -15.23% | -8.83% | -6.40% |
Max Drawdown (3Y)Largest decline over 3 years | -17.02% | -22.54% | +5.52% |
Max Drawdown (5Y)Largest decline over 5 years | -28.80% | -22.54% | -6.26% |
Max Drawdown (10Y)Largest decline over 10 years | -41.70% | -41.62% | -0.08% |
Current DrawdownCurrent decline from peak | -8.26% | -2.29% | -5.97% |
Average DrawdownAverage peak-to-trough decline | -7.41% | -5.94% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 2.71% | +2.67% |
Volatility
SC01.DE vs. ZPDI.DE - Volatility Comparison
Invesco European Construction Sector UCITS ETF (SC01.DE) has a higher volatility of 6.66% compared to State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) (ZPDI.DE) at 5.05%. This indicates that SC01.DE's price experiences larger fluctuations and is considered to be riskier 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
| SC01.DE | ZPDI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.66% | 5.05% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 17.29% | 11.83% | +5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.72% | 15.10% | +5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.99% | 16.80% | +3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.25% | 20.52% | -0.27% |
SC01.DE vs. ZPDI.DE - Expense Ratio Comparison
SC01.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
SC01.DE vs. ZPDI.DE - Dividend Comparison
Neither SC01.DE nor ZPDI.DE has paid dividends to shareholders.
Frequently Asked Questions
SC01.DE and ZPDI.DE have a correlation of 0.59, 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 SC01.DE.
SC01.DE tracks STOXX® Europe 600 Optimised Construction & Materials, 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 SC01.DE and 0.15% for ZPDI.DE.
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