SC02.DE vs. CSPX.AS
SC02.DE (Invesco European Financials Sector UCITS ETF) and CSPX.AS (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - SC02.DE is a Financials Equities fund tracking the STOXX® Europe 600 Optimised Financial Services, while CSPX.AS is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SC02.DE returned 10.49%/yr vs 14.96%/yr for CSPX.AS. A 0.65 correlation means they provide meaningful diversification when combined. SC02.DE charges 0.20%/yr vs 0.07%/yr for CSPX.AS.
Performance
SC02.DE vs. CSPX.AS - Performance Comparison
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Returns By Period
In the year-to-date period, SC02.DE achieves a 1.67% return, which is significantly lower than CSPX.AS's 11.52% return. Over the past 10 years, SC02.DE has underperformed CSPX.AS with an annualized return of 10.49%, while CSPX.AS has yielded a comparatively higher 14.96% annualized return.
SC02.DE
- 1D
- 1.84%
- 1M
- -0.82%
- YTD
- 1.67%
- 6M
- 7.23%
- 1Y
- 3.87%
- 3Y*
- 16.32%
- 5Y*
- 8.30%
- 10Y*
- 10.49%
CSPX.AS
- 1D
- -0.10%
- 1M
- 4.40%
- YTD
- 11.52%
- 6M
- 10.96%
- 1Y
- 25.56%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.96%
SC02.DE vs. CSPX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC02.DE Invesco European Financials Sector UCITS ETF | 1.67% | 9.93% | 19.25% | 27.60% | -20.74% | 24.60% | 6.09% | 46.54% | -14.49% | 18.89% |
CSPX.AS iShares Core S&P 500 UCITS ETF | 11.52% | 4.00% | 33.87% | 22.28% | -14.24% | 40.26% | 7.72% | 32.99% | -0.36% | 7.13% |
Correlation
The correlation between SC02.DE and CSPX.AS is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 6, 2014 | 0.65 |
The correlation between SC02.DE and CSPX.AS shifts across timeframes, from 0.53 (3 years) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SC02.DE vs. CSPX.AS — Risk / Return Rank
SC02.DE
CSPX.AS
SC02.DE vs. CSPX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Financials Sector UCITS ETF (SC02.DE) and iShares Core S&P 500 UCITS ETF (CSPX.AS). 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.
| SC02.DE | CSPX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.42 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 3.57 | -3.25 |
| Martin ratioReturn relative to average drawdown | 0.86 | 12.76 | -11.90 |
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
| SC02.DE | CSPX.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 2.25 | -2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.96 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.92 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.93 | -0.38 |
Drawdowns
SC02.DE vs. CSPX.AS - Drawdown Comparison
The maximum SC02.DE drawdown since its inception was -42.86%, which is greater than CSPX.AS's maximum drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for SC02.DE and CSPX.AS.
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Drawdown Indicators
| SC02.DE | CSPX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.86% | -33.65% | -9.21% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -7.11% | -5.06% |
Max Drawdown (3Y)Largest decline over 3 years | -19.17% | -23.37% | +4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -29.68% | -23.37% | -6.31% |
Max Drawdown (10Y)Largest decline over 10 years | -42.86% | -33.65% | -9.21% |
Current DrawdownCurrent decline from peak | -3.42% | -0.40% | -3.02% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -4.28% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 2.00% | +2.46% |
Volatility
SC02.DE vs. CSPX.AS - Volatility Comparison
Invesco European Financials Sector UCITS ETF (SC02.DE) has a higher volatility of 4.93% compared to iShares Core S&P 500 UCITS ETF (CSPX.AS) at 2.59%. This indicates that SC02.DE's price experiences larger fluctuations and is considered to be riskier than CSPX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC02.DE | CSPX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 2.59% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 7.37% | +5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 11.26% | +4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.08% | 15.13% | +3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.65% | 16.05% | +4.60% |
SC02.DE vs. CSPX.AS - Expense Ratio Comparison
SC02.DE has a 0.20% expense ratio, which is higher than CSPX.AS's 0.07% 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
SC02.DE vs. CSPX.AS - Dividend Comparison
Neither SC02.DE nor CSPX.AS has paid dividends to shareholders.
Frequently Asked Questions
SC02.DE and CSPX.AS have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSPX.AS is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSPX.AS is cheaper with a 0.07% expense ratio, compared with 0.20% for SC02.DE.
SC02.DE is categorized as Financials Equities, while CSPX.AS is S&P 500. SC02.DE tracks STOXX® Europe 600 Optimised Financial Services, while CSPX.AS tracks S&P 500 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for SC02.DE and 0.07% for CSPX.AS.
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