SC02.DE vs. SGLP.L
SC02.DE (Invesco European Financials Sector UCITS ETF) and SGLP.L (Invesco Physical Gold A) are both exchange-traded funds - SC02.DE is a Financials Equities fund tracking the STOXX® Europe 600 Optimised Financial Services, while SGLP.L is a Precious Metals fund tracking the Gold. Both are passively managed. Over the past 10 years, SC02.DE returned 10.49%/yr vs 13.18%/yr for SGLP.L. At a correlation of -0.04, they often move in opposite directions. SC02.DE charges 0.20%/yr vs 0.12%/yr for SGLP.L.
Performance
SC02.DE vs. SGLP.L - Performance Comparison
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Different Trading Currencies
SC02.DE is traded in EUR, while SGLP.L is traded in GBp. To make them comparable, the SGLP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SC02.DE achieves a 1.67% return, which is significantly lower than SGLP.L's 4.89% return. Over the past 10 years, SC02.DE has underperformed SGLP.L with an annualized return of 10.49%, while SGLP.L has yielded a comparatively higher 13.18% annualized return.
SC02.DE
- 1D
- 1.84%
- 1M
- 0.07%
- YTD
- 1.67%
- 6M
- 8.51%
- 1Y
- 3.83%
- 3Y*
- 16.32%
- 5Y*
- 8.30%
- 10Y*
- 10.49%
SGLP.L
- 1D
- 0.61%
- 1M
- -1.55%
- YTD
- 4.89%
- 6M
- 6.52%
- 1Y
- 30.28%
- 3Y*
- 27.95%
- 5Y*
- 19.71%
- 10Y*
- 13.18%
SC02.DE vs. SGLP.L - 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% |
SGLP.L Invesco Physical Gold A | 4.89% | 45.59% | 34.32% | 9.54% | 6.07% | 3.44% | 13.47% | 21.94% | 3.02% | -2.36% |
Correlation
The correlation between SC02.DE and SGLP.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2011 | -0.04 |
The correlation between SC02.DE and SGLP.L shifts across timeframes, from -0.05 (10 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SC02.DE vs. SGLP.L — Risk / Return Rank
SC02.DE
SGLP.L
SC02.DE vs. SGLP.L - 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 Physical Gold A (SGLP.L). 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 | SGLP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.26 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 1.75 | -1.43 |
| Martin ratioReturn relative to average drawdown | 0.86 | 4.56 | -3.70 |
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 | SGLP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 1.31 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 1.21 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.89 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.54 | +0.01 |
Drawdowns
SC02.DE vs. SGLP.L - Drawdown Comparison
The maximum SC02.DE drawdown since its inception was -42.86%, which is greater than SGLP.L's maximum drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for SC02.DE and SGLP.L.
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Drawdown Indicators
| SC02.DE | SGLP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.86% | -37.06% | -5.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -17.24% | +5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -19.17% | -17.24% | -1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -29.68% | -17.24% | -12.44% |
Max Drawdown (10Y)Largest decline over 10 years | -42.86% | -18.41% | -24.45% |
Current DrawdownCurrent decline from peak | -3.42% | -15.31% | +11.89% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -13.74% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 6.62% | -2.16% |
Volatility
SC02.DE vs. SGLP.L - Volatility Comparison
Invesco European Financials Sector UCITS ETF (SC02.DE) and Invesco Physical Gold A (SGLP.L) have volatilities of 4.93% and 5.07%, 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
| SC02.DE | SGLP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 5.07% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 20.05% | -7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 23.07% | -7.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.08% | 16.25% | +2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.65% | 14.81% | +5.84% |
SC02.DE vs. SGLP.L - Expense Ratio Comparison
SC02.DE has a 0.20% expense ratio, which is higher than SGLP.L's 0.12% 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. SGLP.L - Dividend Comparison
Neither SC02.DE nor SGLP.L has paid dividends to shareholders.
Frequently Asked Questions
SC02.DE and SGLP.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGLP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLP.L is cheaper with a 0.12% expense ratio, compared with 0.20% for SC02.DE.
SC02.DE is categorized as Financials Equities, while SGLP.L is Precious Metals. SC02.DE tracks STOXX® Europe 600 Optimised Financial Services, while SGLP.L tracks Gold. Their fees differ too: 0.20% for SC02.DE and 0.12% for SGLP.L.
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