SC0E.DE vs. IQSA.DE
SC0E.DE (Invesco MSCI Europe UCITS ETF) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - SC0E.DE is a Europe Equities fund tracking the MSCI Europe, while IQSA.DE is a Global Equities fund actively managed by Invesco. SC0E.DE is passively managed, while IQSA.DE is actively managed. Over the past 5 years, SC0E.DE returned 9.92%/yr vs 15.45%/yr for IQSA.DE. A 0.77 correlation means they provide meaningful diversification when combined. SC0E.DE charges 0.19%/yr vs 0.30%/yr for IQSA.DE.
Performance
SC0E.DE vs. IQSA.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 IQSA.DE's 14.81% 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%
IQSA.DE
- 1D
- -0.11%
- 1M
- 6.18%
- YTD
- 14.81%
- 6M
- 16.74%
- 1Y
- 28.62%
- 3Y*
- 22.03%
- 5Y*
- 15.45%
- 10Y*
- —
SC0E.DE vs. IQSA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SC0E.DE Invesco MSCI Europe UCITS ETF | 7.48% | 20.15% | 8.25% | 15.48% | -9.29% | 24.97% | -3.28% | 13.72% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.81% | 9.64% | 29.92% | 20.24% | -9.32% | 35.68% | 0.13% | 13.13% |
Correlation
The correlation between SC0E.DE and IQSA.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2019 | 0.77 |
The correlation between SC0E.DE and IQSA.DE has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
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Return for Risk
SC0E.DE vs. IQSA.DE — Risk / Return Rank
SC0E.DE
IQSA.DE
SC0E.DE vs. IQSA.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 Global Active ESG Equity UCITS ETF USD Acc (IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 4.60 | -2.89 |
| Martin ratioReturn relative to average drawdown | 6.31 | 18.23 | -11.92 |
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 | IQSA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.34 | -1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 1.04 | -0.33 |
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 | 0.94 | -0.22 |
Drawdowns
SC0E.DE vs. IQSA.DE - Drawdown Comparison
The maximum SC0E.DE drawdown since its inception was -35.65%, roughly equal to the maximum IQSA.DE drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for SC0E.DE and IQSA.DE.
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Drawdown Indicators
| SC0E.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.65% | -34.11% | -1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -6.20% | -3.23% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -21.35% | +4.81% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -21.35% | +2.02% |
Max Drawdown (10Y)Largest decline over 10 years | -35.65% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | -0.33% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -4.38% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 1.57% | +0.98% |
Volatility
SC0E.DE vs. IQSA.DE - Volatility Comparison
Invesco MSCI Europe UCITS ETF (SC0E.DE) has a higher volatility of 4.35% compared to Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) at 3.32%. This indicates that SC0E.DE's price experiences larger fluctuations and is considered to be riskier than IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 3.32% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 8.85% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 12.17% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 14.71% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 16.74% | -0.38% |
SC0E.DE vs. IQSA.DE - Expense Ratio Comparison
SC0E.DE has a 0.19% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.
Dividends
SC0E.DE vs. IQSA.DE - Dividend Comparison
Neither SC0E.DE nor IQSA.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0E.DE and IQSA.DE have a correlation of 0.78, 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 0.30% for IQSA.DE.
SC0E.DE is categorized as Europe Equities, while IQSA.DE is Global Equities. Their fees differ too: 0.19% for SC0E.DE and 0.30% for IQSA.DE.
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