SC06.DE vs. WELX.DE
SC06.DE (Invesco European Media Sector UCITS ETF) and WELX.DE (Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc) are both Communications Equities funds - SC06.DE tracks the STOXX® Europe 600 Optimised Media while WELX.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Communication Services. Both are passively managed. Over the past 3 years, SC06.DE returned 4.36%/yr vs 21.53%/yr for WELX.DE. At a 0.35 correlation, their price movements are largely independent. SC06.DE charges 0.20%/yr vs 0.18%/yr for WELX.DE.
Performance
SC06.DE vs. WELX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC06.DE achieves a -5.54% return, which is significantly lower than WELX.DE's 2.94% return.
SC06.DE
- 1D
- 1.32%
- 1M
- 2.04%
- YTD
- -5.54%
- 6M
- -4.42%
- 1Y
- -17.09%
- 3Y*
- 4.36%
- 5Y*
- 4.82%
- 10Y*
- 4.46%
WELX.DE
- 1D
- 0.98%
- 1M
- -0.36%
- YTD
- 2.94%
- 6M
- 0.12%
- 1Y
- 19.74%
- 3Y*
- 21.53%
- 5Y*
- —
- 10Y*
- —
SC06.DE vs. WELX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SC06.DE Invesco European Media Sector UCITS ETF | -5.54% | -12.40% | 17.82% | 25.27% | 8.81% |
WELX.DE Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc | 2.94% | 16.08% | 35.06% | 46.63% | -6.87% |
Correlation
The correlation between SC06.DE and WELX.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 | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.35 |
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Return for Risk
SC06.DE vs. WELX.DE — Risk / Return Rank
SC06.DE
WELX.DE
SC06.DE vs. WELX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Media Sector UCITS ETF (SC06.DE) and Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc (WELX.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.
| SC06.DE | WELX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.22 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.23 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 1.42 | -1.96 |
| Martin ratioReturn relative to average drawdown | -1.04 | 4.34 | -5.38 |
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
| SC06.DE | WELX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | 1.33 | -2.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 1.30 | -0.55 |
Drawdowns
SC06.DE vs. WELX.DE - Drawdown Comparison
The maximum SC06.DE drawdown since its inception was -38.98%, which is greater than WELX.DE's maximum drawdown of -25.19%. Use the drawdown chart below to compare losses from any high point for SC06.DE and WELX.DE.
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Drawdown Indicators
| SC06.DE | WELX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -25.19% | -13.79% |
Max Drawdown (1Y)Largest decline over 1 year | -30.58% | -14.88% | -15.70% |
Max Drawdown (3Y)Largest decline over 3 years | -36.62% | -25.19% | -11.43% |
Max Drawdown (5Y)Largest decline over 5 years | -36.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.98% | — | — |
Current DrawdownCurrent decline from peak | -24.67% | -2.38% | -22.29% |
Average DrawdownAverage peak-to-trough decline | -9.06% | -4.32% | -4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.14% | 4.86% | +11.28% |
Volatility
SC06.DE vs. WELX.DE - Volatility Comparison
Invesco European Media Sector UCITS ETF (SC06.DE) has a higher volatility of 5.69% compared to Amundi S&P Global Communication Services ESG UCITS ETF EUR Acc (WELX.DE) at 4.16%. This indicates that SC06.DE's price experiences larger fluctuations and is considered to be riskier than WELX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC06.DE | WELX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 4.16% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 15.63% | 10.85% | +4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.88% | 15.84% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.79% | 18.43% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.41% | 18.43% | +7.98% |
SC06.DE vs. WELX.DE - Expense Ratio Comparison
SC06.DE has a 0.20% expense ratio, which is higher than WELX.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
SC06.DE vs. WELX.DE - Dividend Comparison
Neither SC06.DE nor WELX.DE has paid dividends to shareholders.
Frequently Asked Questions
SC06.DE and WELX.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.
On fees, WELX.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELX.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC06.DE.
SC06.DE tracks STOXX® Europe 600 Optimised Media, while WELX.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Communication Services. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.20% for SC06.DE and 0.18% for WELX.DE.
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