SC0E.DE vs. EQQX.DE
SC0E.DE (Invesco MSCI Europe UCITS ETF) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both exchange-traded funds - SC0E.DE is a Europe Equities fund tracking the MSCI Europe, while EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 5 years, SC0E.DE returned 9.92%/yr vs 19.11%/yr for EQQX.DE. A 0.56 correlation means they provide meaningful diversification when combined. SC0E.DE charges 0.19%/yr vs 0.20%/yr for EQQX.DE.
Performance
SC0E.DE vs. EQQX.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 EQQX.DE's 21.61% 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%
EQQX.DE
- 1D
- 0.11%
- 1M
- 10.15%
- YTD
- 21.61%
- 6M
- 20.44%
- 1Y
- 39.08%
- 3Y*
- 25.43%
- 5Y*
- 19.11%
- 10Y*
- —
SC0E.DE vs. EQQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SC0E.DE Invesco MSCI Europe UCITS ETF | 7.48% | 20.15% | 8.25% | 15.48% | -9.29% | 14.06% |
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 21.61% | 7.13% | 33.88% | 51.62% | -29.90% | 26.11% |
Correlation
The correlation between SC0E.DE and EQQX.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.56 |
The correlation between SC0E.DE and EQQX.DE has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.
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Return for Risk
SC0E.DE vs. EQQX.DE — Risk / Return Rank
SC0E.DE
EQQX.DE
SC0E.DE vs. EQQX.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 Nasdaq-100 Swap UCITS ETF Acc (EQQX.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 | EQQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.44 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.91 | -2.21 |
| Martin ratioReturn relative to average drawdown | 6.31 | 11.64 | -5.33 |
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 | EQQX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.49 | -1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.95 | -0.25 |
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 | 0.90 | -0.18 |
Drawdowns
SC0E.DE vs. EQQX.DE - Drawdown Comparison
The maximum SC0E.DE drawdown since its inception was -35.65%, which is greater than EQQX.DE's maximum drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for SC0E.DE and EQQX.DE.
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Drawdown Indicators
| SC0E.DE | EQQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.65% | -31.17% | -4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -9.97% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -26.80% | +10.26% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -31.17% | +11.84% |
Max Drawdown (10Y)Largest decline over 10 years | -35.65% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | 0.00% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -7.99% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 3.36% | -0.81% |
Volatility
SC0E.DE vs. EQQX.DE - Volatility Comparison
Invesco MSCI Europe UCITS ETF (SC0E.DE) and Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) have volatilities of 4.35% and 4.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0E.DE | EQQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 4.15% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 10.89% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 15.75% | -2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 19.86% | -5.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 19.79% | -3.43% |
SC0E.DE vs. EQQX.DE - Expense Ratio Comparison
SC0E.DE has a 0.19% expense ratio, which is lower than EQQX.DE's 0.20% 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. EQQX.DE - Dividend Comparison
Neither SC0E.DE nor EQQX.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0E.DE and EQQX.DE have a correlation of 0.52, 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 0.20% for EQQX.DE.
SC0E.DE is categorized as Europe Equities, while EQQX.DE is Nasdaq-100. SC0E.DE tracks MSCI Europe, while EQQX.DE tracks Nasdaq 100®. Their fees differ too: 0.19% for SC0E.DE and 0.20% for EQQX.DE.
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