SC0C.DE vs. VEUA.L
SC0C.DE (Invesco STOXX Europe 600 UCITS ETF) and VEUA.L (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both Europe Equities funds - SC0C.DE tracks the STOXX® Europe 600 while VEUA.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, SC0C.DE returned 10.09%/yr vs 10.56%/yr for VEUA.L. Their correlation of 0.92 suggests significant overlap in exposure. SC0C.DE charges 0.19%/yr vs 0.10%/yr for VEUA.L.
Performance
SC0C.DE vs. VEUA.L - Performance Comparison
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Different Trading Currencies
SC0C.DE is traded in EUR, while VEUA.L is traded in GBP. To make them comparable, the VEUA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with SC0C.DE having a 10.71% return and VEUA.L slightly higher at 11.11%.
SC0C.DE
- 1D
- 0.20%
- 1M
- 1.52%
- 6M
- 7.41%
- YTD
- 10.71%
- 1Y
- 21.01%
- 3Y*
- 14.83%
- 5Y*
- 10.09%
- 10Y*
- 9.51%
VEUA.L
- 1D
- 0.04%
- 1M
- 1.56%
- 6M
- 7.40%
- YTD
- 11.11%
- 1Y
- 21.55%
- 3Y*
- 15.14%
- 5Y*
- 10.56%
- 10Y*
- —
SC0C.DE vs. VEUA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SC0C.DE Invesco STOXX Europe 600 UCITS ETF | 10.71% | 20.66% | 8.31% | 15.54% | -10.52% | 24.51% | -1.98% | 8.48% |
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 11.11% | 19.49% | 9.53% | 15.87% | -9.15% | 24.43% | -2.52% | -3.78% |
Correlation
The correlation between SC0C.DE and VEUA.L is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019 | 0.92 |
The correlation between SC0C.DE and VEUA.L has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
SC0C.DE vs. VEUA.L — Risk / Return Rank
SC0C.DE
VEUA.L
SC0C.DE vs. VEUA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco STOXX Europe 600 UCITS ETF (SC0C.DE) and Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SC0C.DE | VEUA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.24 | +0.01 |
| Martin ratioReturn relative to average drawdown | 8.63 | 8.56 | +0.07 |
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Drawdowns
SC0C.DE vs. VEUA.L - Drawdown Comparison
The maximum SC0C.DE drawdown since its inception was -35.89%, roughly equal to the maximum VEUA.L drawdown of -36.54%. Use the drawdown chart below to compare losses from any high point for SC0C.DE and VEUA.L.
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Drawdown Indicators
| SC0C.DE | VEUA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.89% | -36.54% | +0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -9.58% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -16.30% | -15.35% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -20.52% | -20.11% | -0.41% |
Max Drawdown (10Y)Largest decline over 10 years | -35.89% | — | — |
Current DrawdownCurrent decline from peak | -1.50% | -1.39% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -5.89% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 2.51% | -0.08% |
Volatility
SC0C.DE vs. VEUA.L - Volatility Comparison
Invesco STOXX Europe 600 UCITS ETF (SC0C.DE) and Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) have volatilities of 3.22% and 3.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0C.DE | VEUA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 3.30% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 10.65% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.99% | 12.61% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.40% | 16.20% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.58% | 18.32% | -2.74% |
SC0C.DE vs. VEUA.L - Expense Ratio Comparison
SC0C.DE has a 0.19% expense ratio, which is higher than VEUA.L's 0.10% 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
SC0C.DE vs. VEUA.L - Dividend Comparison
Neither SC0C.DE nor VEUA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, SC0C.DE and VEUA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VEUA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUA.L is cheaper with a 0.10% expense ratio, compared with 0.19% for SC0C.DE.
SC0C.DE tracks STOXX® Europe 600, while VEUA.L tracks MSCI Europe NR EUR. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.19% for SC0C.DE and 0.10% for VEUA.L.
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