SC02.DE vs. QDVH.DE
SC02.DE (Invesco European Financials Sector UCITS ETF) and QDVH.DE (iShares S&P 500 Financials Sector UCITS ETF (Acc)) are both Financials Equities funds - SC02.DE tracks the STOXX® Europe 600 Optimised Financial Services while QDVH.DE tracks the S&P 500 Capped 35/20 Financials. Both are passively managed. Over the past 10 years, SC02.DE returned 10.49%/yr vs 11.95%/yr for QDVH.DE. A 0.62 correlation means they provide meaningful diversification when combined. SC02.DE charges 0.20%/yr vs 0.15%/yr for QDVH.DE.
Performance
SC02.DE vs. QDVH.DE - 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 higher than QDVH.DE's -4.21% return. Over the past 10 years, SC02.DE has underperformed QDVH.DE with an annualized return of 10.49%, while QDVH.DE has yielded a comparatively higher 11.95% 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%
QDVH.DE
- 1D
- 3.16%
- 1M
- 1.56%
- YTD
- -4.21%
- 6M
- -2.14%
- 1Y
- 2.40%
- 3Y*
- 15.33%
- 5Y*
- 8.98%
- 10Y*
- 11.95%
SC02.DE vs. QDVH.DE - 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% |
QDVH.DE iShares S&P 500 Financials Sector UCITS ETF (Acc) | -4.21% | 3.01% | 37.13% | 8.44% | -6.23% | 48.50% | -12.20% | 35.41% | -10.71% | 7.92% |
Correlation
The correlation between SC02.DE and QDVH.DE 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 | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2015 | 0.62 |
The correlation between SC02.DE and QDVH.DE has been stable across timeframes, ranging from 0.52 to 0.62 - a consistent structural relationship.
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Return for Risk
SC02.DE vs. QDVH.DE — Risk / Return Rank
SC02.DE
QDVH.DE
SC02.DE vs. QDVH.DE - 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 S&P 500 Financials Sector UCITS ETF (Acc) (QDVH.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.
| SC02.DE | QDVH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.03 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 0.14 | +0.17 |
| Martin ratioReturn relative to average drawdown | 0.86 | 0.33 | +0.53 |
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 | QDVH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.13 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.49 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.57 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.48 | +0.07 |
Drawdowns
SC02.DE vs. QDVH.DE - Drawdown Comparison
The maximum SC02.DE drawdown since its inception was -42.86%, roughly equal to the maximum QDVH.DE drawdown of -42.39%. Use the drawdown chart below to compare losses from any high point for SC02.DE and QDVH.DE.
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Drawdown Indicators
| SC02.DE | QDVH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.86% | -42.39% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -12.76% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -19.17% | -21.72% | +2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -29.68% | -21.72% | -7.96% |
Max Drawdown (10Y)Largest decline over 10 years | -42.86% | -42.39% | -0.47% |
Current DrawdownCurrent decline from peak | -3.42% | -9.46% | +6.04% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -7.90% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 5.55% | -1.09% |
Volatility
SC02.DE vs. QDVH.DE - Volatility Comparison
Invesco European Financials Sector UCITS ETF (SC02.DE) has a higher volatility of 4.93% compared to iShares S&P 500 Financials Sector UCITS ETF (Acc) (QDVH.DE) at 4.30%. This indicates that SC02.DE's price experiences larger fluctuations and is considered to be riskier than QDVH.DE 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 | QDVH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 4.30% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 10.53% | +2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 14.63% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.08% | 18.23% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.65% | 20.90% | -0.25% |
SC02.DE vs. QDVH.DE - Expense Ratio Comparison
SC02.DE has a 0.20% expense ratio, which is higher than QDVH.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
SC02.DE vs. QDVH.DE - Dividend Comparison
Neither SC02.DE nor QDVH.DE has paid dividends to shareholders.
Frequently Asked Questions
SC02.DE and QDVH.DE 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, QDVH.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVH.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for SC02.DE.
SC02.DE tracks STOXX® Europe 600 Optimised Financial Services, while QDVH.DE tracks S&P 500 Capped 35/20 Financials. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for SC02.DE and 0.15% for QDVH.DE.
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