SC04.DE vs. ETL2.DE
SC04.DE (Invesco European Household Sector UCITS ETF) and ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) are both exchange-traded funds - SC04.DE is a Consumer Staples Equities fund tracking the STOXX® Europe 600 Optimised Personal & Household Goods, while ETL2.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 10 years, SC04.DE returned 4.39%/yr vs 8.17%/yr for ETL2.DE. At a 0.16 correlation, their price movements are largely independent. SC04.DE charges 0.20%/yr vs 0.30%/yr for ETL2.DE.
Performance
SC04.DE vs. ETL2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC04.DE achieves a -10.69% return, which is significantly lower than ETL2.DE's 18.23% return. Over the past 10 years, SC04.DE has underperformed ETL2.DE with an annualized return of 4.39%, while ETL2.DE has yielded a comparatively higher 8.17% annualized return.
SC04.DE
- 1D
- -0.09%
- 1M
- -1.26%
- YTD
- -10.69%
- 6M
- -10.59%
- 1Y
- -3.77%
- 3Y*
- -0.12%
- 5Y*
- 0.82%
- 10Y*
- 4.39%
ETL2.DE
- 1D
- -1.24%
- 1M
- 0.52%
- YTD
- 18.23%
- 6M
- 18.72%
- 1Y
- 27.69%
- 3Y*
- 10.87%
- 5Y*
- 13.12%
- 10Y*
- 8.17%
SC04.DE vs. ETL2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC04.DE Invesco European Household Sector UCITS ETF | -10.69% | 7.57% | 7.08% | 8.48% | -10.95% | 19.37% | 6.54% | 29.50% | -16.18% | 13.26% |
ETL2.DE L&G Longer Dated All Commodities UCITS ETF | 18.23% | 4.89% | 11.54% | -9.44% | 24.86% | 46.17% | -7.55% | 10.85% | -4.21% | -9.85% |
Correlation
The correlation between SC04.DE and ETL2.DE is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 10, 2010 | 0.16 |
The correlation between SC04.DE and ETL2.DE shifts across timeframes, from -0.17 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SC04.DE vs. ETL2.DE — Risk / Return Rank
SC04.DE
ETL2.DE
SC04.DE vs. ETL2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Household Sector UCITS ETF (SC04.DE) and L&G Longer Dated All Commodities UCITS ETF (ETL2.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.
| SC04.DE | ETL2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.33 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 3.59 | -3.86 |
| Martin ratioReturn relative to average drawdown | -0.63 | 8.20 | -8.82 |
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
| SC04.DE | ETL2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 1.87 | -2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.84 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.59 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.25 | +0.32 |
Drawdowns
SC04.DE vs. ETL2.DE - Drawdown Comparison
The maximum SC04.DE drawdown since its inception was -29.42%, smaller than the maximum ETL2.DE drawdown of -47.04%. Use the drawdown chart below to compare losses from any high point for SC04.DE and ETL2.DE.
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Drawdown Indicators
| SC04.DE | ETL2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.42% | -47.04% | +17.62% |
Max Drawdown (1Y)Largest decline over 1 year | -15.34% | -7.90% | -7.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -15.06% | -2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -22.04% | -23.27% | +1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -29.42% | -26.50% | -2.92% |
Current DrawdownCurrent decline from peak | -12.83% | -3.57% | -9.26% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -21.90% | +16.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.64% | 3.46% | +3.18% |
Volatility
SC04.DE vs. ETL2.DE - Volatility Comparison
Invesco European Household Sector UCITS ETF (SC04.DE) has a higher volatility of 5.37% compared to L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) at 4.60%. This indicates that SC04.DE's price experiences larger fluctuations and is considered to be riskier than ETL2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC04.DE | ETL2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 4.60% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 13.25% | 12.74% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.34% | 15.15% | +1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 15.44% | +1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 13.69% | +3.28% |
SC04.DE vs. ETL2.DE - Expense Ratio Comparison
SC04.DE has a 0.20% expense ratio, which is lower than ETL2.DE's 0.30% expense ratio.
Dividends
SC04.DE vs. ETL2.DE - Dividend Comparison
Neither SC04.DE nor ETL2.DE has paid dividends to shareholders.
Frequently Asked Questions
SC04.DE and ETL2.DE have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC04.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC04.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for ETL2.DE.
SC04.DE is categorized as Consumer Staples Equities, while ETL2.DE is Commodities. SC04.DE tracks STOXX® Europe 600 Optimised Personal & Household Goods, while ETL2.DE tracks Bloomberg Commodity 3 Month Forward. They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.20% for SC04.DE and 0.30% for ETL2.DE.
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