SC03.DE vs. EXH3.DE
SC03.DE (Invesco European Food & Bev Sector UCITS ETF) and EXH3.DE (iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE)) are both Consumer Staples Equities funds - SC03.DE tracks the STOXX® Europe 600 Optimised Food & Beverage while EXH3.DE tracks the STOXX® Europe 600 Food & Beverage. Both are passively managed. Over the past 10 years, SC03.DE returned 1.67%/yr vs 2.22%/yr for EXH3.DE. With a 0.95 correlation, they move nearly in lockstep. SC03.DE charges 0.20%/yr vs 0.46%/yr for EXH3.DE.
Performance
SC03.DE vs. EXH3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC03.DE achieves a 10.13% return, which is significantly lower than EXH3.DE's 10.86% return. Over the past 10 years, SC03.DE has underperformed EXH3.DE with an annualized return of 1.67%, while EXH3.DE has yielded a comparatively higher 2.22% annualized return.
SC03.DE
- 1D
- 0.11%
- 1M
- 6.88%
- 6M
- 9.63%
- YTD
- 10.13%
- 1Y
- 6.40%
- 3Y*
- -1.90%
- 5Y*
- -2.04%
- 10Y*
- 1.67%
EXH3.DE
- 1D
- 0.31%
- 1M
- 6.61%
- 6M
- 11.07%
- YTD
- 10.86%
- 1Y
- 8.24%
- 3Y*
- -1.83%
- 5Y*
- -1.74%
- 10Y*
- 2.22%
SC03.DE vs. EXH3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC03.DE Invesco European Food & Bev Sector UCITS ETF | 10.13% | -1.70% | -9.00% | -1.71% | -13.43% | 21.05% | -7.83% | 28.17% | -8.47% | 12.87% |
EXH3.DE iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE) | 10.86% | 0.44% | -10.82% | -2.05% | -13.20% | 22.57% | -6.15% | 29.56% | -7.32% | 12.78% |
Correlation
The correlation between SC03.DE and EXH3.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2009 | 0.95 |
The correlation between SC03.DE and EXH3.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
SC03.DE vs. EXH3.DE — Risk / Return Rank
SC03.DE
EXH3.DE
SC03.DE vs. EXH3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Food & Bev Sector UCITS ETF (SC03.DE) and iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE) (EXH3.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SC03.DE | EXH3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.10 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 0.64 | -0.16 |
| Martin ratioReturn relative to average drawdown | 1.08 | 1.44 | -0.37 |
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Drawdowns
SC03.DE vs. EXH3.DE - Drawdown Comparison
The maximum SC03.DE drawdown since its inception was -32.59%, smaller than the maximum EXH3.DE drawdown of -39.85%. Use the drawdown chart below to compare losses from any high point for SC03.DE and EXH3.DE.
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Drawdown Indicators
| SC03.DE | EXH3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.59% | -39.85% | +7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -13.16% | -12.77% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -20.32% | -21.11% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -28.71% | -28.68% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -32.59% | -30.20% | -2.39% |
Current DrawdownCurrent decline from peak | -17.66% | -16.95% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -8.21% | -8.99% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.92% | 5.69% | +0.23% |
Volatility
SC03.DE vs. EXH3.DE - Volatility Comparison
Invesco European Food & Bev Sector UCITS ETF (SC03.DE) and iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE) (EXH3.DE) have volatilities of 5.57% and 5.50%, 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
| SC03.DE | EXH3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.57% | 5.50% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 12.45% | 12.45% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.80% | 15.93% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 14.28% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.78% | 14.40% | +0.38% |
SC03.DE vs. EXH3.DE - Expense Ratio Comparison
SC03.DE has a 0.20% expense ratio, which is lower than EXH3.DE's 0.46% expense ratio.
Dividends
SC03.DE vs. EXH3.DE - Dividend Comparison
SC03.DE has not paid dividends to shareholders, while EXH3.DE's dividend yield for the trailing twelve months is around 2.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXH3.DE iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE) | 2.25% | 2.10% | 2.16% | 1.70% | 1.56% | 0.88% | 1.45% | 1.46% | 1.70% | 2.08% | 2.45% | 2.52% |
SC03.DE Invesco European Food & Bev Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, SC03.DE and EXH3.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SC03.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC03.DE is cheaper with a 0.20% expense ratio, compared with 0.46% for EXH3.DE.
SC03.DE tracks STOXX® Europe 600 Optimised Food & Beverage, while EXH3.DE tracks STOXX® Europe 600 Food & Beverage. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for SC03.DE and 0.46% for EXH3.DE.
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