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SC0D.DE vs. H4ZA.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SC0D.DE vs. H4ZA.DE

Last updated Jun 5, 2026

SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds tracking the EURO STOXX® 50, from Invesco and HSBC respectively. Both are passively managed. Over the past 10 years, SC0D.DE returned 10.37%/yr vs 10.80%/yr for H4ZA.DE. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.05% expense ratio.

Performance

SC0D.DE vs. H4ZA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) and HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with SC0D.DE having a 7.29% return and H4ZA.DE slightly lower at 7.24%. Both investments have delivered pretty close results over the past 10 years, with SC0D.DE having a 10.37% annualized return and H4ZA.DE not far ahead at 10.80%.

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%

H4ZA.DE

1D
0.77%
1M
4.72%
YTD
7.24%
6M
8.63%
1Y
15.73%
3Y*
16.60%
5Y*
12.12%
10Y*
10.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SC0D.DE vs. H4ZA.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
H4ZA.DE
HSBC EURO STOXX 50 UCITS ETF EUR		7.24%22.26%13.81%22.59%-8.87%23.72%-2.73%30.07%-11.96%10.07%

Correlation

The correlation between SC0D.DE and H4ZA.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

1.00

Correlation (3Y)
Calculated over the trailing 3-year period

1.00

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

1.00

Correlation (All Time)
Calculated using the full available price history since Oct 12, 2010

0.97

The correlation between SC0D.DE and H4ZA.DE has been stable across timeframes, ranging from 0.97 to 1.00 - 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.

Invesco EURO STOXX 50 UCITS ETF

HSBC EURO STOXX 50 UCITS ETF EUR

Often compared with SC0D.DE:
SC0D.DE vs. DECD.DESC0D.DE vs. VWCG.DESC0D.DE vs. EXSC.DESC0D.DE vs. FTGE.DESC0D.DE vs. GLDSC0D.DE vs. EXSB.DESC0D.DE vs. ZPAB.DE
Often compared with H4ZA.DE:
H4ZA.DE vs. H4ZF.DEH4ZA.DE vs. SCHDH4ZA.DE vs. HWWA.LH4ZA.DE vs. MEUD.LH4ZA.DE vs. ISF.LH4ZA.DE vs. PR1E.DEH4ZA.DE vs. TDGB.L

Return for Risk

SC0D.DE vs. H4ZA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SC0D.DE
SC0D.DE Risk / Return Rank: 2929
Overall Rank
SC0D.DE Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
SC0D.DE Sortino Ratio Rank: 2929
Sortino Ratio Rank
SC0D.DE Omega Ratio Rank: 2828
Omega Ratio Rank
SC0D.DE Calmar Ratio Rank: 2929
Calmar Ratio Rank
SC0D.DE Martin Ratio Rank: 3333
Martin Ratio Rank
H4ZA.DE
H4ZA.DE Risk / Return Rank: 2929
Overall Rank
H4ZA.DE Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
H4ZA.DE Sortino Ratio Rank: 2929
Sortino Ratio Rank
H4ZA.DE Omega Ratio Rank: 2828
Omega Ratio Rank
H4ZA.DE Calmar Ratio Rank: 3030
Calmar Ratio Rank
H4ZA.DE Martin Ratio Rank: 3333
Martin Ratio Rank
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.

SC0D.DE vs. H4ZA.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 HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.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.DEH4ZA.DEDifference
Sharpe ratioReturn per unit of total volatility
0.98
0.98

0.00

Sortino ratioReturn per unit of downside risk
1.54
1.54

0.00

Omega ratioGain probability vs. loss probability

1.18

1.18

0.00

Calmar ratioReturn relative to maximum drawdown

1.43

1.43

0.00

Martin ratioReturn relative to average drawdown

4.87

4.85

+0.02

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SC0D.DE vs. H4ZA.DE - Sharpe Ratio Comparison

The current SC0D.DE Sharpe Ratio is 0.98, which is comparable to the H4ZA.DE Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of SC0D.DE and H4ZA.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.

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Sharpe Ratios by Period

SC0D.DEH4ZA.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.98

0.98

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

0.69

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

0.59

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.46

0.41

+0.05

Drawdowns

SC0D.DE vs. H4ZA.DE - Drawdown Comparison

The maximum SC0D.DE drawdown since its inception was -38.50%, roughly equal to the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for SC0D.DE and H4ZA.DE.

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Drawdown Indicators

SC0D.DEH4ZA.DEDifference

Max Drawdown

Largest peak-to-trough decline

-38.50%

-38.41%

-0.09%

Max Drawdown (1Y)

Largest decline over 1 year

-10.93%

-10.97%

+0.04%

Max Drawdown (3Y)

Largest decline over 3 years

-16.54%

-16.40%

-0.14%

Max Drawdown (5Y)

Largest decline over 5 years

-23.38%

-23.26%

-0.12%

Max Drawdown (10Y)

Largest decline over 10 years

-38.50%

-38.41%

-0.09%

Current Drawdown

Current decline from peak

-0.53%

-0.50%

-0.03%

Average Drawdown

Average peak-to-trough decline

-7.22%

-7.84%

+0.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.21%

3.24%

-0.03%

Volatility

SC0D.DE vs. H4ZA.DE - Volatility Comparison

Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) and HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) have volatilities of 4.94% and 4.95%, 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

SC0D.DEH4ZA.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.94%

4.95%

-0.01%

Volatility (6M)

Calculated over the trailing 6-month period

12.94%

12.99%

-0.05%

Volatility (1Y)

Calculated over the trailing 1-year period

15.95%

15.99%

-0.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.53%

17.50%

+0.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.27%

18.17%

+0.10%

SC0D.DE vs. H4ZA.DE - Expense Ratio Comparison

Both SC0D.DE and H4ZA.DE have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SC0D.DE vs. H4ZA.DE - Dividend Comparison

SC0D.DE has not paid dividends to shareholders, while H4ZA.DE's dividend yield for the trailing twelve months is around 2.44%.

PositionTTM20252024202320222021202020192018201720162015
H4ZA.DE
HSBC EURO STOXX 50 UCITS ETF EUR		2.44%2.49%5.35%2.93%2.94%1.94%2.06%2.84%3.55%2.73%2.85%2.70%
SC0D.DE
Invesco EURO STOXX 50 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 1.00, SC0D.DE and H4ZA.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.

Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

SC0D.DE and H4ZA.DE have the same expense ratio: 0.05% per year.

Both ETFs track EURO STOXX® 50. They also come from different issuers: Invesco and HSBC.

Portfolio Optimizer

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