SC0E.DE vs. FWEA.DE
SC0E.DE (Invesco MSCI Europe UCITS ETF) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - SC0E.DE is a Europe Equities fund tracking the MSCI Europe, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, SC0E.DE returned 15.85% vs 25.98% for FWEA.DE. A 0.74 correlation means they provide meaningful diversification when combined. SC0E.DE charges 0.19%/yr vs 0.20%/yr for FWEA.DE.
Performance
SC0E.DE vs. FWEA.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 FWEA.DE's 10.64% return.
SC0E.DE
- 1D
- 0.62%
- 1M
- 1.21%
- YTD
- 7.48%
- 6M
- 9.93%
- 1Y
- 15.85%
- 3Y*
- 13.60%
- 5Y*
- 9.92%
- 10Y*
- 9.06%
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.84%
- YTD
- 10.64%
- 6M
- 11.58%
- 1Y
- 25.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SC0E.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SC0E.DE Invesco MSCI Europe UCITS ETF | 7.48% | 20.15% | 8.25% | 6.32% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between SC0E.DE and FWEA.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 (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.74 |
The correlation between SC0E.DE and FWEA.DE has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.
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Return for Risk
SC0E.DE vs. FWEA.DE — Risk / Return Rank
SC0E.DE
FWEA.DE
SC0E.DE vs. FWEA.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 FTSE All-World UCITS ETF (FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.18 | -1.47 |
| Martin ratioReturn relative to average drawdown | 6.31 | 13.52 | -7.21 |
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 | FWEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.30 | -1.04 |
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 | 1.51 | -0.80 |
Drawdowns
SC0E.DE vs. FWEA.DE - Drawdown Comparison
The maximum SC0E.DE drawdown since its inception was -35.65%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for SC0E.DE and FWEA.DE.
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Drawdown Indicators
| SC0E.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.65% | -17.48% | -18.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -8.28% | -1.15% |
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% | -0.81% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -1.86% | -3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 1.95% | +0.60% |
Volatility
SC0E.DE vs. FWEA.DE - Volatility Comparison
Invesco MSCI Europe UCITS ETF (SC0E.DE) has a higher volatility of 4.35% compared to Invesco FTSE All-World UCITS ETF (FWEA.DE) at 3.36%. This indicates that SC0E.DE's price experiences larger fluctuations and is considered to be riskier than FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 3.36% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 8.93% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 11.45% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 12.72% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 12.72% | +3.64% |
SC0E.DE vs. FWEA.DE - Expense Ratio Comparison
SC0E.DE has a 0.19% expense ratio, which is lower than FWEA.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. FWEA.DE - Dividend Comparison
Neither SC0E.DE nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0E.DE and FWEA.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, 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 FWEA.DE.
SC0E.DE is categorized as Europe Equities, while FWEA.DE is Global Equities. SC0E.DE tracks MSCI Europe, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.19% for SC0E.DE and 0.20% for FWEA.DE.
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