SC04.DE vs. EUNL.DE
SC04.DE (Invesco European Household Sector UCITS ETF) and EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - SC04.DE is a Consumer Staples Equities fund tracking the STOXX® Europe 600 Optimised Personal & Household Goods, while EUNL.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, SC04.DE returned 4.39%/yr vs 12.82%/yr for EUNL.DE. A 0.66 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
SC04.DE vs. EUNL.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 EUNL.DE's 10.86% return. Over the past 10 years, SC04.DE has underperformed EUNL.DE with an annualized return of 4.39%, while EUNL.DE has yielded a comparatively higher 12.82% 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%
EUNL.DE
- 1D
- 0.02%
- 1M
- 4.80%
- YTD
- 10.86%
- 6M
- 11.29%
- 1Y
- 23.80%
- 3Y*
- 17.55%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
SC04.DE vs. EUNL.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% |
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 10.86% | 7.90% | 25.93% | 20.13% | -13.59% | 32.71% | 5.48% | 31.34% | -5.13% | 7.71% |
Correlation
The correlation between SC04.DE and EUNL.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2009 | 0.66 |
Over the past year, the correlation between SC04.DE and EUNL.DE has dropped to 0.42 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
SC04.DE vs. EUNL.DE — Risk / Return Rank
SC04.DE
EUNL.DE
SC04.DE vs. EUNL.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 iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.24 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.40 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 3.64 | -3.91 |
| Martin ratioReturn relative to average drawdown | -0.63 | 14.52 | -15.14 |
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 | EUNL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 2.12 | -2.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.90 | -0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.84 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.82 | -0.24 |
Drawdowns
SC04.DE vs. EUNL.DE - Drawdown Comparison
The maximum SC04.DE drawdown since its inception was -29.42%, smaller than the maximum EUNL.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for SC04.DE and EUNL.DE.
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Drawdown Indicators
| SC04.DE | EUNL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.42% | -33.63% | +4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -15.34% | -6.50% | -8.84% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -21.73% | +4.13% |
Max Drawdown (5Y)Largest decline over 5 years | -22.04% | -21.73% | -0.31% |
Max Drawdown (10Y)Largest decline over 10 years | -29.42% | -33.63% | +4.21% |
Current DrawdownCurrent decline from peak | -12.83% | -0.31% | -12.52% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -4.25% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.64% | 1.64% | +5.00% |
Volatility
SC04.DE vs. EUNL.DE - Volatility Comparison
Invesco European Household Sector UCITS ETF (SC04.DE) has a higher volatility of 5.37% compared to iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) at 2.62%. This indicates that SC04.DE's price experiences larger fluctuations and is considered to be riskier than EUNL.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 | EUNL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.37% | 2.62% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 13.25% | 7.72% | +5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.34% | 11.16% | +5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 14.17% | +2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 15.17% | +1.80% |
SC04.DE vs. EUNL.DE - Expense Ratio Comparison
Both SC04.DE and EUNL.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SC04.DE vs. EUNL.DE - Dividend Comparison
Neither SC04.DE nor EUNL.DE has paid dividends to shareholders.
Frequently Asked Questions
SC04.DE and EUNL.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SC04.DE and EUNL.DE have the same expense ratio: 0.20% per year.
SC04.DE is categorized as Consumer Staples Equities, while EUNL.DE is Global Equities. SC04.DE tracks STOXX® Europe 600 Optimised Personal & Household Goods, while EUNL.DE tracks MSCI World Index. They also come from different issuers: Invesco and iShares.
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