SC0D.DE vs. MVEE.DE
SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - SC0D.DE tracks the EURO STOXX® 50 while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, SC0D.DE returned 11.80%/yr vs 6.17%/yr for MVEE.DE. Their correlation of 0.81 suggests significant overlap in exposure. SC0D.DE charges 0.05%/yr vs 0.25%/yr for MVEE.DE.
Performance
SC0D.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0D.DE achieves a 10.32% return, which is significantly higher than MVEE.DE's 8.14% return.
SC0D.DE
- 1D
- 0.85%
- 1M
- 3.42%
- YTD
- 10.32%
- 6M
- 11.25%
- 1Y
- 22.33%
- 3Y*
- 16.61%
- 5Y*
- 11.80%
- 10Y*
- 11.86%
MVEE.DE
- 1D
- 0.92%
- 1M
- 1.27%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 11.72%
- 3Y*
- 10.33%
- 5Y*
- 6.17%
- 10Y*
- —
SC0D.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 10.32% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | 29.43% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 8.14% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between SC0D.DE and MVEE.DE is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.81 |
Over the past year, the correlation between SC0D.DE and MVEE.DE has dropped to 0.57 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
SC0D.DE vs. MVEE.DE — Risk / Return Rank
SC0D.DE
MVEE.DE
SC0D.DE vs. MVEE.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 Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.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.
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.
| SC0D.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.58 | +0.46 |
| Martin ratioReturn relative to average drawdown | 7.09 | 5.45 | +1.64 |
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Drawdowns
SC0D.DE vs. MVEE.DE - Drawdown Comparison
The maximum SC0D.DE drawdown since its inception was -38.50%, which is greater than MVEE.DE's maximum drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for SC0D.DE and MVEE.DE.
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Drawdown Indicators
| SC0D.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.50% | -20.19% | -18.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -7.40% | -3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -12.19% | -4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | -20.19% | -3.19% |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | — | — |
Current DrawdownCurrent decline from peak | -0.85% | 0.00% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -4.50% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.15% | +0.99% |
Volatility
SC0D.DE vs. MVEE.DE - Volatility Comparison
Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a higher volatility of 3.63% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.19%. This indicates that SC0D.DE's price experiences larger fluctuations and is considered to be riskier than MVEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0D.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 2.19% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 8.16% | +5.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 9.93% | +6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 12.08% | +5.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 12.47% | +5.50% |
SC0D.DE vs. MVEE.DE - Expense Ratio Comparison
SC0D.DE has a 0.05% expense ratio, which is lower than MVEE.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
SC0D.DE vs. MVEE.DE - Dividend Comparison
Neither SC0D.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0D.DE and MVEE.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.25% for MVEE.DE.
SC0D.DE tracks EURO STOXX® 50, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.05% for SC0D.DE and 0.25% for MVEE.DE.
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