SC0E.DE vs. ED3F.DE
SC0E.DE (Invesco MSCI Europe UCITS ETF) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - SC0E.DE is a Europe Equities fund tracking the MSCI Europe, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, SC0E.DE returned 16.11% vs -1.88% for ED3F.DE. At a 0.33 correlation, their price movements are largely independent. SC0E.DE charges 0.19%/yr vs 0.40%/yr for ED3F.DE.
Performance
SC0E.DE vs. ED3F.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 higher than ED3F.DE's 0.02% 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%
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SC0E.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SC0E.DE Invesco MSCI Europe UCITS ETF | 7.48% | 8.39% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between SC0E.DE and ED3F.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.33 |
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Return for Risk
SC0E.DE vs. ED3F.DE — Risk / Return Rank
SC0E.DE
ED3F.DE
SC0E.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Europe UCITS ETF (SC0E.DE) and Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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 | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.01 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | -0.08 | +1.78 |
| Martin ratioReturn relative to average drawdown | 6.31 | -0.18 | +6.49 |
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 | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | -0.06 | +1.31 |
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 | 0.15 | +0.56 |
Drawdowns
SC0E.DE vs. ED3F.DE - Drawdown Comparison
The maximum SC0E.DE drawdown since its inception was -35.65%, which is greater than ED3F.DE's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for SC0E.DE and ED3F.DE.
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Drawdown Indicators
| SC0E.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.65% | -23.91% | -11.74% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -23.91% | +14.48% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | — | — |
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% | -20.80% | +19.24% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -8.37% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 10.25% | -7.70% |
Volatility
SC0E.DE vs. ED3F.DE - Volatility Comparison
The current volatility for Invesco MSCI Europe UCITS ETF (SC0E.DE) is 4.35%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that SC0E.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.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 | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 10.58% | -6.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 22.80% | -12.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 30.60% | -17.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 30.42% | -15.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 30.42% | -14.06% |
SC0E.DE vs. ED3F.DE - Expense Ratio Comparison
SC0E.DE has a 0.19% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
SC0E.DE vs. ED3F.DE - Dividend Comparison
Neither SC0E.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0E.DE and ED3F.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0E.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0E.DE is cheaper with a 0.19% expense ratio, compared with 0.40% for ED3F.DE.
SC0E.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. SC0E.DE tracks MSCI Europe, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.19% for SC0E.DE and 0.40% for ED3F.DE.
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