SC02.DE vs. S7XE.DE
SC02.DE (Invesco European Financials Sector UCITS ETF) and S7XE.DE (Invesco EURO STOXX Optimised Banks UCITS ETF) are both Financials Equities funds from Invesco - SC02.DE tracks the STOXX® Europe 600 Optimised Financial Services while S7XE.DE tracks the EURO STOXX® Optimised Banks. Both are passively managed. Over the past 10 years, SC02.DE returned 10.49%/yr vs 14.41%/yr for S7XE.DE. A 0.62 correlation means they provide meaningful diversification when combined. SC02.DE charges 0.20%/yr vs 0.30%/yr for S7XE.DE.
Performance
SC02.DE vs. S7XE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SC02.DE achieves a 1.67% return, which is significantly lower than S7XE.DE's 4.99% return. Over the past 10 years, SC02.DE has underperformed S7XE.DE with an annualized return of 10.49%, while S7XE.DE has yielded a comparatively higher 14.41% 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%
S7XE.DE
- 1D
- 1.09%
- 1M
- 2.40%
- YTD
- 4.99%
- 6M
- 12.49%
- 1Y
- 36.30%
- 3Y*
- 44.23%
- 5Y*
- 28.00%
- 10Y*
- 14.41%
SC02.DE vs. S7XE.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% |
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 4.99% | 86.82% | 30.66% | 28.83% | 0.46% | 39.15% | -23.11% | 18.12% | -32.15% | 14.80% |
Correlation
The correlation between SC02.DE and S7XE.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2011 | 0.62 |
The correlation between SC02.DE and S7XE.DE has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SC02.DE vs. S7XE.DE — Risk / Return Rank
SC02.DE
S7XE.DE
SC02.DE vs. S7XE.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 Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.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 | S7XE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.27 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 2.20 | -1.88 |
| Martin ratioReturn relative to average drawdown | 0.86 | 6.92 | -6.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SC02.DE | S7XE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 1.59 | -1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 1.08 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.50 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.24 | +0.31 |
Drawdowns
SC02.DE vs. S7XE.DE - Drawdown Comparison
The maximum SC02.DE drawdown since its inception was -42.86%, smaller than the maximum S7XE.DE drawdown of -65.33%. Use the drawdown chart below to compare losses from any high point for SC02.DE and S7XE.DE.
Loading charts...
Drawdown Indicators
| SC02.DE | S7XE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.86% | -65.33% | +22.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -17.42% | +5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -19.17% | -19.82% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -29.68% | -35.42% | +5.74% |
Max Drawdown (10Y)Largest decline over 10 years | -42.86% | -63.10% | +20.24% |
Current DrawdownCurrent decline from peak | -3.42% | -2.02% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -23.01% | +14.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 5.54% | -1.08% |
Volatility
SC02.DE vs. S7XE.DE - Volatility Comparison
The current volatility for Invesco European Financials Sector UCITS ETF (SC02.DE) is 4.93%, while Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) has a volatility of 6.10%. This indicates that SC02.DE experiences smaller price fluctuations and is considered to be less risky than S7XE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SC02.DE | S7XE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 6.10% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 19.27% | -6.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 24.08% | -8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.08% | 25.60% | -6.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.65% | 28.66% | -8.01% |
SC02.DE vs. S7XE.DE - Expense Ratio Comparison
SC02.DE has a 0.20% expense ratio, which is lower than S7XE.DE's 0.30% expense ratio.
Dividends
SC02.DE vs. S7XE.DE - Dividend Comparison
Neither SC02.DE nor S7XE.DE has paid dividends to shareholders.
Frequently Asked Questions
SC02.DE and S7XE.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC02.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC02.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for S7XE.DE.
SC02.DE tracks STOXX® Europe 600 Optimised Financial Services, while S7XE.DE tracks EURO STOXX® Optimised Banks. Their fees differ too: 0.20% for SC02.DE and 0.30% for S7XE.DE.
Find the right allocation for SC02.DE and S7XE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer