SC0D.DE vs. P500.DE
SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) and P500.DE (Invesco S&P 500 UCITS ETF) are both exchange-traded funds - SC0D.DE is a Europe Equities fund tracking the EURO STOXX® 50, while P500.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SC0D.DE returned 10.37%/yr vs 15.16%/yr for P500.DE. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.05% expense ratio.
Performance
SC0D.DE vs. P500.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0D.DE achieves a 7.29% return, which is significantly lower than P500.DE's 11.47% return. Over the past 10 years, SC0D.DE has underperformed P500.DE with an annualized return of 10.37%, while P500.DE has yielded a comparatively higher 15.16% 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%
P500.DE
- 1D
- -0.10%
- 1M
- 4.39%
- YTD
- 11.47%
- 6M
- 10.93%
- 1Y
- 25.73%
- 3Y*
- 19.07%
- 5Y*
- 14.99%
- 10Y*
- 15.16%
SC0D.DE vs. P500.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% |
P500.DE Invesco S&P 500 UCITS ETF | 11.47% | 4.88% | 32.56% | 22.69% | -14.05% | 41.05% | 7.04% | 34.88% | -0.84% | 6.71% |
Correlation
The correlation between SC0D.DE and P500.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2011 | 0.65 |
The correlation between SC0D.DE and P500.DE shifts across timeframes, from 0.55 (3 years) to 0.67 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SC0D.DE vs. P500.DE — Risk / Return Rank
SC0D.DE
P500.DE
SC0D.DE vs. P500.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 Invesco S&P 500 UCITS ETF (P500.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 | P500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.41 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.62 | -2.19 |
| Martin ratioReturn relative to average drawdown | 4.87 | 12.91 | -8.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SC0D.DE | P500.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 2.23 | -1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.98 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.94 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 1.01 | -0.55 |
Drawdowns
SC0D.DE vs. P500.DE - Drawdown Comparison
The maximum SC0D.DE drawdown since its inception was -38.50%, which is greater than P500.DE's maximum drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for SC0D.DE and P500.DE.
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Drawdown Indicators
| SC0D.DE | P500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.50% | -33.78% | -4.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -7.11% | -3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -23.34% | +6.80% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | -23.34% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | -33.78% | -4.72% |
Current DrawdownCurrent decline from peak | -0.53% | -0.40% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -3.85% | -3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 1.99% | +1.22% |
Volatility
SC0D.DE vs. P500.DE - Volatility Comparison
Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a higher volatility of 4.94% compared to Invesco S&P 500 UCITS ETF (P500.DE) at 2.65%. This indicates that SC0D.DE's price experiences larger fluctuations and is considered to be riskier than P500.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 | P500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 2.65% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 7.59% | +5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.95% | 11.52% | +4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 15.17% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.27% | 16.07% | +2.20% |
SC0D.DE vs. P500.DE - Expense Ratio Comparison
Both SC0D.DE and P500.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. P500.DE - Dividend Comparison
Neither SC0D.DE nor P500.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0D.DE and P500.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 P500.DE have the same expense ratio: 0.05% per year.
SC0D.DE is categorized as Europe Equities, while P500.DE is S&P 500. SC0D.DE tracks EURO STOXX® 50, while P500.DE tracks S&P 500 Index.
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