SC0C.DE vs. LGGE.DE

Last updated Jun 5, 2026

SC0C.DE (Invesco STOXX Europe 600 UCITS ETF) and LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both Europe Equities funds - SC0C.DE tracks the STOXX® Europe 600 while LGGE.DE tracks the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality. Both are passively managed. Over the past 3 years, SC0C.DE returned 13.82%/yr vs 24.04%/yr for LGGE.DE. Their correlation of 0.89 suggests significant overlap in exposure. SC0C.DE charges 0.19%/yr vs 0.25%/yr for LGGE.DE.

Performance

SC0C.DE vs. LGGE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco STOXX Europe 600 UCITS ETF (SC0C.DE) and L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SC0C.DE achieves a 7.46% return, which is significantly lower than LGGE.DE's 11.27% return.

SC0C.DE

• 1D: 0.58%
• 1M: 3.10%
• YTD: 7.46%
• 6M: 10.04%
• 1Y: 16.30%
• 3Y*: 13.82%
• 5Y*: 9.59%
• 10Y*: 9.07%

LGGE.DE

• 1D: 0.15%
• 1M: 1.27%
• YTD: 11.27%
• 6M: 15.17%
• 1Y: 26.35%
• 3Y*: 24.04%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SC0C.DE vs. LGGE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SC0C.DE Invesco STOXX Europe 600 UCITS ETF	7.46%	20.66%	8.31%	15.54%	-10.52%	7.77%
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF	11.27%	38.29%	14.07%	17.18%	-3.86%	7.23%

Correlation

The correlation between SC0C.DE and LGGE.DE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021	0.89

The correlation between SC0C.DE and LGGE.DE has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.

Return for Risk

SC0C.DE vs. LGGE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SC0C.DE

SC0C.DE Risk / Return Rank: 37
SC0C.DE Sharpe Ratio Rank: 36
SC0C.DE Sortino Ratio Rank: 36
SC0C.DE Omega Ratio Rank: 37
SC0C.DE Calmar Ratio Rank: 36
SC0C.DE Martin Ratio Rank: 42

LGGE.DE

LGGE.DE Risk / Return Rank: 69
LGGE.DE Sharpe Ratio Rank: 67
LGGE.DE Sortino Ratio Rank: 65
LGGE.DE Omega Ratio Rank: 67
LGGE.DE Calmar Ratio Rank: 73
LGGE.DE Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SC0C.DE vs. LGGE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco STOXX Europe 600 UCITS ETF (SC0C.DE) and L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.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.

	SC0C.DE	LGGE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.27	2.19	-0.92
Sortino ratio: Return per unit of downside risk	1.87	2.95	-1.08
Omega ratio: Gain probability vs. loss probability	1.24	1.40	-0.16
Calmar ratio: Return relative to maximum drawdown	1.75	3.61	-1.86
Martin ratio: Return relative to average drawdown	6.54	13.07	-6.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SC0C.DE vs. LGGE.DE - Sharpe Ratio Comparison

The current SC0C.DE Sharpe Ratio is 1.27, which is lower than the LGGE.DE Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of SC0C.DE and LGGE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SC0C.DE	LGGE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	2.19	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	1.13	-0.52

Drawdowns

SC0C.DE vs. LGGE.DE - Drawdown Comparison

The maximum SC0C.DE drawdown since its inception was -35.89%, which is greater than LGGE.DE's maximum drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for SC0C.DE and LGGE.DE.

Drawdown Indicators

	SC0C.DE	LGGE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.89%	-20.11%	-15.78%
Max Drawdown (1Y) Largest decline over 1 year	-9.28%	-7.28%	-2.00%
Max Drawdown (3Y) Largest decline over 3 years	-16.30%	-14.71%	-1.59%
Max Drawdown (5Y) Largest decline over 5 years	-20.52%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.89%	—	—
Current Drawdown Current decline from peak	-1.69%	-2.09%	+0.40%
Average Drawdown Average peak-to-trough decline	-5.32%	-3.23%	-2.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	2.01%	+0.48%

Volatility

SC0C.DE vs. LGGE.DE - Volatility Comparison

Invesco STOXX Europe 600 UCITS ETF (SC0C.DE) has a higher volatility of 4.41% compared to L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) at 3.60%. This indicates that SC0C.DE's price experiences larger fluctuations and is considered to be riskier than LGGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SC0C.DE	LGGE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	3.60%	+0.81%
Volatility (6M) Calculated over the trailing 6-month period	10.55%	9.47%	+1.08%
Volatility (1Y) Calculated over the trailing 1-year period	12.80%	11.99%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.39%	14.60%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.99%	14.60%	+1.39%

SC0C.DE vs. LGGE.DE - Expense Ratio Comparison

SC0C.DE has a 0.19% expense ratio, which is lower than LGGE.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SC0C.DE vs. LGGE.DE - Dividend Comparison

SC0C.DE has not paid dividends to shareholders, while LGGE.DE's dividend yield for the trailing twelve months is around 3.13%.

Position	TTM	2025	2024	2023	2022	2021
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF	3.13%	3.47%	4.37%	4.43%	4.18%	1.52%
SC0C.DE Invesco STOXX Europe 600 UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SC0C.DE and LGGE.DE in my portfolio?

SC0C.DE and LGGE.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SC0C.DE or LGGE.DE?

On fees, SC0C.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SC0C.DE or LGGE.DE?

SC0C.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for LGGE.DE.

What is the main difference between SC0C.DE and LGGE.DE?

SC0C.DE tracks STOXX® Europe 600, while LGGE.DE tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality. They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.19% for SC0C.DE and 0.25% for LGGE.DE.