SC03.DE vs. WELC.DE
SC03.DE (Invesco European Food & Bev Sector UCITS ETF) and WELC.DE (Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist) are both Consumer Staples Equities funds - SC03.DE tracks the STOXX® Europe 600 Optimised Food & Beverage while WELC.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary. Both are passively managed. Over the past 3 years, SC03.DE returned -5.12%/yr vs 9.08%/yr for WELC.DE. At a 0.28 correlation, their price movements are largely independent. SC03.DE charges 0.20%/yr vs 0.18%/yr for WELC.DE.
Performance
SC03.DE vs. WELC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC03.DE achieves a -0.07% return, which is significantly higher than WELC.DE's -1.47% return.
SC03.DE
- 1D
- -0.61%
- 1M
- -0.76%
- YTD
- -0.07%
- 6M
- 0.16%
- 1Y
- -10.34%
- 3Y*
- -5.12%
- 5Y*
- -3.59%
- 10Y*
- 0.85%
WELC.DE
- 1D
- 0.30%
- 1M
- -0.33%
- YTD
- -1.47%
- 6M
- -1.22%
- 1Y
- 6.53%
- 3Y*
- 9.08%
- 5Y*
- —
- 10Y*
- —
SC03.DE vs. WELC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SC03.DE Invesco European Food & Bev Sector UCITS ETF | -0.07% | -1.70% | -9.00% | -1.71% | 3.06% |
WELC.DE Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist | -1.47% | -5.06% | 29.51% | 30.69% | -8.13% |
Correlation
The correlation between SC03.DE and WELC.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.28 |
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Return for Risk
SC03.DE vs. WELC.DE — Risk / Return Rank
SC03.DE
WELC.DE
SC03.DE vs. WELC.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 Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist (WELC.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.
| SC03.DE | WELC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.08 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 0.44 | -1.20 |
| Martin ratioReturn relative to average drawdown | -1.20 | 1.21 | -2.41 |
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
| SC03.DE | WELC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.69 | 0.39 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.60 | -0.13 |
Drawdowns
SC03.DE vs. WELC.DE - Drawdown Comparison
The maximum SC03.DE drawdown since its inception was -32.59%, which is greater than WELC.DE's maximum drawdown of -28.15%. Use the drawdown chart below to compare losses from any high point for SC03.DE and WELC.DE.
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Drawdown Indicators
| SC03.DE | WELC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.59% | -28.15% | -4.44% |
Max Drawdown (1Y)Largest decline over 1 year | -13.56% | -14.64% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -20.32% | -28.15% | +7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -28.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.59% | — | — |
Current DrawdownCurrent decline from peak | -25.29% | -10.11% | -15.18% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -6.71% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.58% | 5.38% | +3.20% |
Volatility
SC03.DE vs. WELC.DE - Volatility Comparison
Invesco European Food & Bev Sector UCITS ETF (SC03.DE) has a higher volatility of 5.15% compared to Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist (WELC.DE) at 4.86%. This indicates that SC03.DE's price experiences larger fluctuations and is considered to be riskier than WELC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC03.DE | WELC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 4.86% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 11.64% | 12.32% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 16.52% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 18.03% | -3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 18.03% | -3.20% |
SC03.DE vs. WELC.DE - Expense Ratio Comparison
SC03.DE has a 0.20% expense ratio, which is higher than WELC.DE's 0.18% 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
SC03.DE vs. WELC.DE - Dividend Comparison
SC03.DE has not paid dividends to shareholders, while WELC.DE's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SC03.DE Invesco European Food & Bev Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
WELC.DE Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist | 0.81% | 0.93% | 0.83% | 0.73% |
Frequently Asked Questions
SC03.DE and WELC.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELC.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELC.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC03.DE.
SC03.DE tracks STOXX® Europe 600 Optimised Food & Beverage, while WELC.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.20% for SC03.DE and 0.18% for WELC.DE.
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