SC0E.DE vs. QQQM

Last updated Jun 5, 2026

SC0E.DE (Invesco MSCI Europe UCITS ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - SC0E.DE is a Europe Equities fund tracking the MSCI Europe, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, SC0E.DE returned 9.92%/yr vs 19.03%/yr for QQQM. At a 0.32 correlation, their price movements are largely independent. SC0E.DE charges 0.19%/yr vs 0.15%/yr for QQQM.

Performance

SC0E.DE vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco MSCI Europe UCITS ETF (SC0E.DE) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SC0E.DE is traded in EUR, while QQQM is traded in USD. To make them comparable, the QQQM values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SC0E.DE achieves a 7.48% return, which is significantly lower than QQQM's 22.11% 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%

QQQM

• 1D: -0.68%
• 1M: 9.39%
• YTD: 22.11%
• 6M: 19.54%
• 1Y: 38.47%
• 3Y*: 25.22%
• 5Y*: 19.03%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SC0E.DE vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SC0E.DE Invesco MSCI Europe UCITS ETF	7.48%	20.15%	8.25%	15.48%	-9.29%	24.97%	8.57%
QQQM Invesco NASDAQ 100 ETF	22.11%	6.51%	33.98%	50.36%	-28.34%	36.98%	2.53%

Correlation

The correlation between SC0E.DE and QQQM is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Oct 14, 2020	0.32

Return for Risk

SC0E.DE vs. QQQM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SC0E.DE

SC0E.DE Risk / Return Rank: 37
SC0E.DE Sharpe Ratio Rank: 36
SC0E.DE Sortino Ratio Rank: 36
SC0E.DE Omega Ratio Rank: 36
SC0E.DE Calmar Ratio Rank: 36
SC0E.DE Martin Ratio Rank: 40

QQQM

QQQM Risk / Return Rank: 75
QQQM Sharpe Ratio Rank: 81
QQQM Sortino Ratio Rank: 76
QQQM Omega Ratio Rank: 75
QQQM Calmar Ratio Rank: 70
QQQM Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SC0E.DE vs. QQQM - 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 ETF (QQQM). 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	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	1.25	2.40	-1.14
Sortino ratio: Return per unit of downside risk	1.85	3.05	-1.20
Omega ratio: Gain probability vs. loss probability	1.24	1.42	-0.18
Calmar ratio: Return relative to maximum drawdown	1.70	3.52	-1.81
Martin ratio: Return relative to average drawdown	6.31	11.01	-4.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SC0E.DE vs. QQQM - Sharpe Ratio Comparison

The current SC0E.DE Sharpe Ratio is 1.25, which is lower than the QQQM Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of SC0E.DE and QQQM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SC0E.DE	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	2.40	-1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.87	-0.17
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	0.87	-0.15

Drawdowns

SC0E.DE vs. QQQM - Drawdown Comparison

The maximum SC0E.DE drawdown since its inception was -35.65%, which is greater than QQQM's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for SC0E.DE and QQQM.

Drawdown Indicators

	SC0E.DE	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-35.65%	-30.95%	-4.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	-10.99%	+1.56%
Max Drawdown (3Y) Largest decline over 3 years	-16.54%	-27.16%	+10.62%
Max Drawdown (5Y) Largest decline over 5 years	-19.33%	-30.95%	+11.62%
Max Drawdown (10Y) Largest decline over 10 years	-35.65%	—	—
Current Drawdown Current decline from peak	-1.56%	-0.68%	-0.88%
Average Drawdown Average peak-to-trough decline	-5.70%	-7.34%	+1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	3.50%	-0.95%

Volatility

SC0E.DE vs. QQQM - Volatility Comparison

Invesco MSCI Europe UCITS ETF (SC0E.DE) has a higher volatility of 4.35% compared to Invesco NASDAQ 100 ETF (QQQM) at 3.77%. This indicates that SC0E.DE's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SC0E.DE	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.35%	3.77%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	10.58%	11.47%	-0.89%
Volatility (1Y) Calculated over the trailing 1-year period	12.83%	16.13%	-3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.59%	21.89%	-7.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.36%	21.71%	-5.35%

SC0E.DE vs. QQQM - Expense Ratio Comparison

SC0E.DE has a 0.19% expense ratio, which is higher than QQQM's 0.15% expense ratio. However, 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. QQQM - Dividend Comparison

SC0E.DE has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.42%.

Position	TTM	2025	2024	2023	2022	2021	2020
QQQM Invesco NASDAQ 100 ETF	0.42%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%
SC0E.DE Invesco MSCI Europe UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SC0E.DE and QQQM in my portfolio?

SC0E.DE and QQQM have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SC0E.DE or QQQM?

On fees, QQQM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SC0E.DE or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.19% for SC0E.DE.

What is the main difference between SC0E.DE and QQQM?

SC0E.DE is categorized as Europe Equities, while QQQM is Nasdaq-100. SC0E.DE tracks MSCI Europe, while QQQM tracks NASDAQ-100 Index. Their fees differ too: 0.19% for SC0E.DE and 0.15% for QQQM.