SC0D.DE vs. VLEU.DE
SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) and VLEU.DE (BNP Paribas Easy ESG Low Volatility Europe UCITS ETF) are both Europe Equities funds - SC0D.DE tracks the EURO STOXX® 50 while VLEU.DE tracks the BNP Paribas Low Vol Europe ESG. Both are passively managed. Over the past 5 years, SC0D.DE returned 11.35%/yr vs 7.63%/yr for VLEU.DE. A 0.63 correlation means they provide meaningful diversification when combined. SC0D.DE charges 0.05%/yr vs 0.30%/yr for VLEU.DE.
Performance
SC0D.DE vs. VLEU.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 higher than VLEU.DE's 4.90% 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%
VLEU.DE
- 1D
- 0.81%
- 1M
- 0.97%
- YTD
- 4.90%
- 6M
- 6.83%
- 1Y
- 6.35%
- 3Y*
- 10.05%
- 5Y*
- 7.63%
- 10Y*
- —
SC0D.DE vs. VLEU.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% |
VLEU.DE BNP Paribas Easy ESG Low Volatility Europe UCITS ETF | 4.90% | 12.78% | 10.91% | 11.65% | -13.54% | 27.36% | -5.16% | 25.67% | -3.52% | 14.10% |
Correlation
The correlation between SC0D.DE and VLEU.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2016 | 0.63 |
The correlation between SC0D.DE and VLEU.DE shifts across timeframes, from 0.62 (3 years) to 0.79 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SC0D.DE vs. VLEU.DE — Risk / Return Rank
SC0D.DE
VLEU.DE
SC0D.DE vs. VLEU.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 BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.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 | VLEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.11 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.62 | +0.80 |
| Martin ratioReturn relative to average drawdown | 4.87 | 1.83 | +3.04 |
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 | VLEU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.55 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.69 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.76 | -0.29 |
Drawdowns
SC0D.DE vs. VLEU.DE - Drawdown Comparison
The maximum SC0D.DE drawdown since its inception was -38.50%, which is greater than VLEU.DE's maximum drawdown of -32.22%. Use the drawdown chart below to compare losses from any high point for SC0D.DE and VLEU.DE.
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Drawdown Indicators
| SC0D.DE | VLEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.50% | -32.22% | -6.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.93% | -10.14% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -12.56% | -3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -23.38% | -19.89% | -3.49% |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | — | — |
Current DrawdownCurrent decline from peak | -0.53% | -4.49% | +3.96% |
Average DrawdownAverage peak-to-trough decline | -7.22% | -5.37% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 3.46% | -0.25% |
Volatility
SC0D.DE vs. VLEU.DE - Volatility Comparison
Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a higher volatility of 4.94% compared to BNP Paribas Easy ESG Low Volatility Europe UCITS ETF (VLEU.DE) at 3.76%. This indicates that SC0D.DE's price experiences larger fluctuations and is considered to be riskier than VLEU.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 | VLEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 3.76% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 9.58% | +3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.95% | 11.54% | +4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 14.47% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.27% | 16.57% | +1.70% |
SC0D.DE vs. VLEU.DE - Expense Ratio Comparison
SC0D.DE has a 0.05% expense ratio, which is lower than VLEU.DE's 0.30% expense ratio.
Dividends
SC0D.DE vs. VLEU.DE - Dividend Comparison
Neither SC0D.DE nor VLEU.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0D.DE and VLEU.DE have a correlation of 0.79, 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 0.30% for VLEU.DE.
SC0D.DE tracks EURO STOXX® 50, while VLEU.DE tracks BNP Paribas Low Vol Europe ESG. They also come from different issuers: Invesco and BNP Paribas. Their fees differ too: 0.05% for SC0D.DE and 0.30% for VLEU.DE.
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