SC0E.DE vs. SPYU.DE
SC0E.DE (Invesco MSCI Europe UCITS ETF) and SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) are both exchange-traded funds - SC0E.DE is a Europe Equities fund tracking the MSCI Europe, while SPYU.DE is a Utilities Equities fund tracking the MSCI Europe Utilities 20/35 Capped. Both are passively managed. Over the past 10 years, SC0E.DE returned 9.06%/yr vs 10.70%/yr for SPYU.DE. A 0.52 correlation means they provide meaningful diversification when combined. SC0E.DE charges 0.19%/yr vs 0.18%/yr for SPYU.DE.
Performance
SC0E.DE vs. SPYU.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 SPYU.DE's 13.06% return. Over the past 10 years, SC0E.DE has underperformed SPYU.DE with an annualized return of 9.06%, while SPYU.DE has yielded a comparatively higher 10.70% annualized 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%
SPYU.DE
- 1D
- -0.28%
- 1M
- -3.02%
- YTD
- 13.06%
- 6M
- 14.07%
- 1Y
- 26.75%
- 3Y*
- 16.61%
- 5Y*
- 11.82%
- 10Y*
- 10.70%
SC0E.DE vs. SPYU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0E.DE Invesco MSCI Europe UCITS ETF | 7.48% | 20.15% | 8.25% | 15.48% | -9.29% | 24.97% | -3.28% | 27.71% | -11.02% | 10.40% |
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 13.06% | 34.39% | 0.99% | 13.57% | -7.97% | 8.80% | 11.01% | 31.91% | 2.41% | 9.05% |
Correlation
The correlation between SC0E.DE and SPYU.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.52 |
The correlation between SC0E.DE and SPYU.DE shifts across timeframes, from 0.37 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SC0E.DE vs. SPYU.DE — Risk / Return Rank
SC0E.DE
SPYU.DE
SC0E.DE vs. SPYU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Europe UCITS ETF (SC0E.DE) and SPDR MSCI Europe Utilities UCITS ETF (SPYU.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 | SPYU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.59 | -1.88 |
| Martin ratioReturn relative to average drawdown | 6.31 | 10.13 | -3.82 |
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 | SPYU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.79 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.73 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.62 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.57 | +0.15 |
Drawdowns
SC0E.DE vs. SPYU.DE - Drawdown Comparison
The maximum SC0E.DE drawdown since its inception was -35.65%, which is greater than SPYU.DE's maximum drawdown of -32.98%. Use the drawdown chart below to compare losses from any high point for SC0E.DE and SPYU.DE.
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Drawdown Indicators
| SC0E.DE | SPYU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.65% | -32.98% | -2.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -7.43% | -2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -13.44% | -3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -22.28% | +2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -35.65% | -32.98% | -2.67% |
Current DrawdownCurrent decline from peak | -1.56% | -5.24% | +3.68% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -5.63% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.63% | -0.08% |
Volatility
SC0E.DE vs. SPYU.DE - Volatility Comparison
The current volatility for Invesco MSCI Europe UCITS ETF (SC0E.DE) is 4.35%, while SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) has a volatility of 5.85%. This indicates that SC0E.DE experiences smaller price fluctuations and is considered to be less risky than SPYU.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 | SPYU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 5.85% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 12.96% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 14.86% | -2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 16.01% | -1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 17.05% | -0.69% |
SC0E.DE vs. SPYU.DE - Expense Ratio Comparison
SC0E.DE has a 0.19% expense ratio, which is higher than SPYU.DE's 0.18% 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. SPYU.DE - Dividend Comparison
Neither SC0E.DE nor SPYU.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0E.DE and SPYU.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYU.DE is cheaper with a 0.18% expense ratio, compared with 0.19% for SC0E.DE.
SC0E.DE is categorized as Europe Equities, while SPYU.DE is Utilities Equities. SC0E.DE tracks MSCI Europe, while SPYU.DE tracks MSCI Europe Utilities 20/35 Capped. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.19% for SC0E.DE and 0.18% for SPYU.DE.
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