SC0E.DE vs. 6PSE.DE
SC0E.DE (Invesco MSCI Europe UCITS ETF) and 6PSE.DE (Invesco MSCI USA UCITS ETF Dist) are both exchange-traded funds - SC0E.DE is a Europe Equities fund tracking the MSCI Europe, while 6PSE.DE is a Large Cap Blend Equities fund tracking the MSCI USA. Both are passively managed. Over the past 3 years, SC0E.DE returned 13.60%/yr vs 19.18%/yr for 6PSE.DE. A 0.61 correlation means they provide meaningful diversification when combined. SC0E.DE charges 0.19%/yr vs 0.05%/yr for 6PSE.DE.
Performance
SC0E.DE vs. 6PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0E.DE achieves a 7.48% return, which is significantly lower than 6PSE.DE's 11.33% return.
SC0E.DE
- 1D
- 0.62%
- 1M
- 3.45%
- YTD
- 7.48%
- 6M
- 9.73%
- 1Y
- 16.11%
- 3Y*
- 13.60%
- 5Y*
- 9.92%
- 10Y*
- 9.06%
6PSE.DE
- 1D
- -0.18%
- 1M
- 5.37%
- YTD
- 11.33%
- 6M
- 11.30%
- 1Y
- 25.21%
- 3Y*
- 19.18%
- 5Y*
- —
- 10Y*
- —
SC0E.DE vs. 6PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SC0E.DE Invesco MSCI Europe UCITS ETF | 7.48% | 20.15% | 8.25% | 15.48% | -4.50% |
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 11.33% | 4.78% | 32.52% | 23.62% | -6.58% |
Correlation
The correlation between SC0E.DE and 6PSE.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.62 |
The correlation between SC0E.DE and 6PSE.DE has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.
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Return for Risk
SC0E.DE vs. 6PSE.DE — Risk / Return Rank
SC0E.DE
6PSE.DE
SC0E.DE vs. 6PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Europe UCITS ETF (SC0E.DE) and Invesco MSCI USA UCITS ETF Dist (6PSE.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.
| SC0E.DE | 6PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.40 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.44 | -1.73 |
| Martin ratioReturn relative to average drawdown | 6.31 | 11.99 | -5.68 |
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
| SC0E.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.15 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.93 | -0.21 |
Drawdowns
SC0E.DE vs. 6PSE.DE - Drawdown Comparison
The maximum SC0E.DE drawdown since its inception was -35.65%, which is greater than 6PSE.DE's maximum drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for SC0E.DE and 6PSE.DE.
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Drawdown Indicators
| SC0E.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.65% | -23.70% | -11.95% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -7.31% | -2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -23.70% | +7.16% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.65% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | -0.41% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -4.83% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.10% | +0.45% |
Volatility
SC0E.DE vs. 6PSE.DE - Volatility Comparison
Invesco MSCI Europe UCITS ETF (SC0E.DE) has a higher volatility of 4.35% compared to Invesco MSCI USA UCITS ETF Dist (6PSE.DE) at 2.73%. This indicates that SC0E.DE's price experiences larger fluctuations and is considered to be riskier than 6PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0E.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 2.73% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 7.68% | +2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 11.65% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 15.41% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 15.41% | +0.95% |
SC0E.DE vs. 6PSE.DE - Expense Ratio Comparison
SC0E.DE has a 0.19% expense ratio, which is higher than 6PSE.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SC0E.DE vs. 6PSE.DE - Dividend Comparison
SC0E.DE has not paid dividends to shareholders, while 6PSE.DE's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 1.05% | 1.16% | 1.26% | 1.51% | 1.69% |
SC0E.DE Invesco MSCI Europe UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SC0E.DE and 6PSE.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 6PSE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSE.DE is cheaper with a 0.05% expense ratio, compared with 0.19% for SC0E.DE.
SC0E.DE is categorized as Europe Equities, while 6PSE.DE is Large Cap Blend Equities. SC0E.DE tracks MSCI Europe, while 6PSE.DE tracks MSCI USA. Their fees differ too: 0.19% for SC0E.DE and 0.05% for 6PSE.DE.
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