SC02.DE vs. XDWF.DE
SC02.DE (Invesco European Financials Sector UCITS ETF) and XDWF.DE (Xtrackers MSCI World Financials UCITS ETF 1C) are both Financials Equities funds - SC02.DE tracks the STOXX® Europe 600 Optimised Financial Services while XDWF.DE tracks the MSCI World Financials. Both are passively managed. Over the past 10 years, SC02.DE returned 10.49%/yr vs 11.89%/yr for XDWF.DE. A 0.74 correlation means they provide meaningful diversification when combined. SC02.DE charges 0.20%/yr vs 0.25%/yr for XDWF.DE.
Performance
SC02.DE vs. XDWF.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 XDWF.DE's 1.15% return. Over the past 10 years, SC02.DE has underperformed XDWF.DE with an annualized return of 10.49%, while XDWF.DE has yielded a comparatively higher 11.89% 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%
XDWF.DE
- 1D
- 2.02%
- 1M
- 1.21%
- YTD
- 1.15%
- 6M
- 4.65%
- 1Y
- 12.74%
- 3Y*
- 20.89%
- 5Y*
- 12.85%
- 10Y*
- 11.89%
SC02.DE vs. XDWF.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% |
XDWF.DE Xtrackers MSCI World Financials UCITS ETF 1C | 1.15% | 15.35% | 34.08% | 12.42% | -4.87% | 39.49% | -11.91% | 29.11% | -13.92% | 8.33% |
Correlation
The correlation between SC02.DE and XDWF.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2016 | 0.74 |
The correlation between SC02.DE and XDWF.DE has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
SC02.DE vs. XDWF.DE — Risk / Return Rank
SC02.DE
XDWF.DE
SC02.DE vs. XDWF.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 Xtrackers MSCI World Financials UCITS ETF 1C (XDWF.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 | XDWF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.16 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 1.29 | -0.98 |
| Martin ratioReturn relative to average drawdown | 0.86 | 3.98 | -3.12 |
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 | XDWF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.93 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.78 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.64 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.63 | -0.08 |
Drawdowns
SC02.DE vs. XDWF.DE - Drawdown Comparison
The maximum SC02.DE drawdown since its inception was -42.86%, roughly equal to the maximum XDWF.DE drawdown of -42.06%. Use the drawdown chart below to compare losses from any high point for SC02.DE and XDWF.DE.
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Drawdown Indicators
| SC02.DE | XDWF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.86% | -42.06% | -0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -9.65% | -2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -19.17% | -19.74% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -29.68% | -19.74% | -9.94% |
Max Drawdown (10Y)Largest decline over 10 years | -42.86% | -42.06% | -0.80% |
Current DrawdownCurrent decline from peak | -3.42% | -0.84% | -2.58% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -6.06% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 3.14% | +1.32% |
Volatility
SC02.DE vs. XDWF.DE - Volatility Comparison
Invesco European Financials Sector UCITS ETF (SC02.DE) has a higher volatility of 4.93% compared to Xtrackers MSCI World Financials UCITS ETF 1C (XDWF.DE) at 3.37%. This indicates that SC02.DE's price experiences larger fluctuations and is considered to be riskier than XDWF.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 | XDWF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 3.37% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 10.03% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.92% | 13.39% | +2.53% |
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% | 18.61% | +2.04% |
SC02.DE vs. XDWF.DE - Expense Ratio Comparison
SC02.DE has a 0.20% expense ratio, which is lower than XDWF.DE's 0.25% expense ratio. Despite the difference, 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. XDWF.DE - Dividend Comparison
Neither SC02.DE nor XDWF.DE has paid dividends to shareholders.
Frequently Asked Questions
SC02.DE and XDWF.DE have a correlation of 0.69, 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 0.25% for XDWF.DE.
SC02.DE tracks STOXX® Europe 600 Optimised Financial Services, while XDWF.DE tracks MSCI World Financials. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.20% for SC02.DE and 0.25% for XDWF.DE.
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