SC0D.DE vs. CEUG.DE
SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) and CEUG.DE (iShares MSCI EMU UCITS ETF GBP Hedged (Dist)) are both Europe Equities funds - SC0D.DE tracks the EURO STOXX® 50 while CEUG.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, SC0D.DE returned 10.37%/yr vs 8.85%/yr for CEUG.DE. Their correlation of 0.91 suggests significant overlap in exposure. SC0D.DE charges 0.05%/yr vs 0.12%/yr for CEUG.DE.
Performance
SC0D.DE vs. CEUG.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with SC0D.DE having a 7.29% return and CEUG.DE slightly higher at 7.45%. Over the past 10 years, SC0D.DE has outperformed CEUG.DE with an annualized return of 10.37%, while CEUG.DE has yielded a comparatively lower 8.85% annualized return.
SC0D.DE
- 1D
- 0.74%
- 1M
- 4.75%
- YTD
- 7.29%
- 6M
- 8.67%
- 1Y
- 15.66%
- 3Y*
- 15.50%
- 5Y*
- 11.35%
- 10Y*
- 10.37%
CEUG.DE
- 1D
- 0.60%
- 1M
- 3.72%
- YTD
- 7.45%
- 6M
- 10.20%
- 1Y
- 16.71%
- 3Y*
- 13.62%
- 5Y*
- 9.35%
- 10Y*
- 8.85%
SC0D.DE vs. CEUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 7.29% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | -3.03% | 30.01% | -12.05% | 10.07% |
CEUG.DE iShares MSCI EMU UCITS ETF GBP Hedged (Dist) | 7.45% | 19.02% | 9.58% | 15.40% | -11.56% | 25.11% | -3.26% | 27.70% | -10.95% | 10.55% |
Correlation
The correlation between SC0D.DE and CEUG.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2010 | 0.91 |
The correlation between SC0D.DE and CEUG.DE has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SC0D.DE vs. CEUG.DE — Risk / Return Rank
SC0D.DE
CEUG.DE
SC0D.DE vs. CEUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) and iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.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.
| SC0D.DE | CEUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.23 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.65 | -0.23 |
| Martin ratioReturn relative to average drawdown | 4.87 | 6.05 | -1.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SC0D.DE | CEUG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.24 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.64 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.56 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.52 | -0.06 |
Drawdowns
SC0D.DE vs. CEUG.DE - Drawdown Comparison
The maximum SC0D.DE drawdown since its inception was -38.50%, which is greater than CEUG.DE's maximum drawdown of -35.67%. Use the drawdown chart below to compare losses from any high point for SC0D.DE and CEUG.DE.
Loading charts...
Drawdown Indicators
| SC0D.DE | CEUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.50% | -35.67% | -2.83% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -10.05% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -16.67% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | -21.04% | -2.34% |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | -35.67% | -2.83% |
Current DrawdownCurrent decline from peak | -0.53% | -1.56% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -5.57% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.76% | +0.45% |
Volatility
SC0D.DE vs. CEUG.DE - Volatility Comparison
Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a higher volatility of 4.94% compared to iShares MSCI EMU UCITS ETF GBP Hedged (Dist) (CEUG.DE) at 4.42%. This indicates that SC0D.DE's price experiences larger fluctuations and is considered to be riskier than CEUG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SC0D.DE | CEUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 4.42% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 11.04% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.95% | 13.41% | +2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 14.36% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.27% | 15.62% | +2.65% |
SC0D.DE vs. CEUG.DE - Expense Ratio Comparison
SC0D.DE has a 0.05% expense ratio, which is lower than CEUG.DE's 0.12% 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
SC0D.DE vs. CEUG.DE - Dividend Comparison
Neither SC0D.DE nor CEUG.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, SC0D.DE and CEUG.DE 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, SC0D.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0D.DE is cheaper with a 0.05% expense ratio, compared with 0.12% for CEUG.DE.
SC0D.DE tracks EURO STOXX® 50, while CEUG.DE tracks MSCI Europe NR EUR. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.05% for SC0D.DE and 0.12% for CEUG.DE.
Find the right allocation for SC0D.DE and CEUG.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer