SC0E.DE vs. EHF1.DE
SC0E.DE (Invesco MSCI Europe UCITS ETF) and EHF1.DE (Amundi MSCI Europe High Dividend Factor UCITS ETF EUR) are both Europe Equities funds - SC0E.DE tracks the MSCI Europe while EHF1.DE tracks the MSCI Europe High Dividend Yield. Both are passively managed. Over the past 5 years, SC0E.DE returned 9.92%/yr vs 11.31%/yr for EHF1.DE. A 0.73 correlation means they provide meaningful diversification when combined. SC0E.DE charges 0.19%/yr vs 0.23%/yr for EHF1.DE.
Performance
SC0E.DE vs. EHF1.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 EHF1.DE's 5.17% 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%
EHF1.DE
- 1D
- 0.61%
- 1M
- -0.73%
- YTD
- 5.17%
- 6M
- 6.71%
- 1Y
- 13.10%
- 3Y*
- 14.05%
- 5Y*
- 11.31%
- 10Y*
- —
SC0E.DE vs. EHF1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SC0E.DE Invesco MSCI Europe UCITS ETF | 7.48% | 20.15% | 8.25% | 15.48% | -9.29% | 24.97% | -3.28% | 27.71% | -10.56% |
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 5.17% | 19.17% | 9.83% | 14.12% | 1.04% | 18.25% | -9.78% | 24.88% | -2.98% |
Correlation
The correlation between SC0E.DE and EHF1.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2018 | 0.73 |
The correlation between SC0E.DE and EHF1.DE has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.
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Return for Risk
SC0E.DE vs. EHF1.DE — Risk / Return Rank
SC0E.DE
EHF1.DE
SC0E.DE vs. EHF1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Europe UCITS ETF (SC0E.DE) and Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.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 | EHF1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.09 | -0.39 |
| Martin ratioReturn relative to average drawdown | 6.31 | 5.91 | +0.40 |
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 | EHF1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.31 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.91 | -0.21 |
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 | 0.58 | +0.14 |
Drawdowns
SC0E.DE vs. EHF1.DE - Drawdown Comparison
The maximum SC0E.DE drawdown since its inception was -35.65%, smaller than the maximum EHF1.DE drawdown of -38.13%. Use the drawdown chart below to compare losses from any high point for SC0E.DE and EHF1.DE.
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Drawdown Indicators
| SC0E.DE | EHF1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.65% | -38.13% | +2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -6.24% | -3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -12.89% | -3.65% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -15.64% | -3.69% |
Max Drawdown (10Y)Largest decline over 10 years | -35.65% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | -4.13% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -4.65% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.21% | +0.34% |
Volatility
SC0E.DE vs. EHF1.DE - Volatility Comparison
Invesco MSCI Europe UCITS ETF (SC0E.DE) has a higher volatility of 4.35% compared to Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE) at 3.69%. This indicates that SC0E.DE's price experiences larger fluctuations and is considered to be riskier than EHF1.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 | EHF1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 3.69% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 7.94% | +2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 9.92% | +2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 12.28% | +2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 15.39% | +0.97% |
SC0E.DE vs. EHF1.DE - Expense Ratio Comparison
SC0E.DE has a 0.19% expense ratio, which is lower than EHF1.DE's 0.23% 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
SC0E.DE vs. EHF1.DE - Dividend Comparison
Neither SC0E.DE nor EHF1.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0E.DE and EHF1.DE have a correlation of 0.70, 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 0.23% for EHF1.DE.
SC0E.DE tracks MSCI Europe, while EHF1.DE tracks MSCI Europe High Dividend Yield. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.19% for SC0E.DE and 0.23% for EHF1.DE.
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