SC0E.DE vs. VEUR.AS
SC0E.DE (Invesco MSCI Europe UCITS ETF) and VEUR.AS (Vanguard FTSE Developed Europe UCITS ETF) are both Europe Equities funds - SC0E.DE tracks the MSCI Europe while VEUR.AS tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, SC0E.DE returned 9.06%/yr vs 9.23%/yr for VEUR.AS. Their correlation of 0.86 suggests significant overlap in exposure. SC0E.DE charges 0.19%/yr vs 0.10%/yr for VEUR.AS.
Performance
SC0E.DE vs. VEUR.AS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SC0E.DE having a 7.48% return and VEUR.AS slightly lower at 7.16%. Both investments have delivered pretty close results over the past 10 years, with SC0E.DE having a 9.06% annualized return and VEUR.AS not far ahead at 9.23%.
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%
VEUR.AS
- 1D
- 0.57%
- 1M
- 3.20%
- YTD
- 7.16%
- 6M
- 9.88%
- 1Y
- 16.32%
- 3Y*
- 14.06%
- 5Y*
- 9.93%
- 10Y*
- 9.23%
SC0E.DE vs. VEUR.AS - 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% |
VEUR.AS Vanguard FTSE Developed Europe UCITS ETF | 7.16% | 19.69% | 10.27% | 16.15% | -10.11% | 25.55% | -2.72% | 25.95% | -10.04% | 10.80% |
Correlation
The correlation between SC0E.DE and VEUR.AS is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since May 22, 2013 | 0.86 |
The correlation between SC0E.DE and VEUR.AS shifts across timeframes, from 0.86 (all time) to 0.99 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SC0E.DE vs. VEUR.AS — Risk / Return Rank
SC0E.DE
VEUR.AS
SC0E.DE vs. VEUR.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Europe UCITS ETF (SC0E.DE) and Vanguard FTSE Developed Europe UCITS ETF (VEUR.AS). 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 | VEUR.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.68 | +0.02 |
| Martin ratioReturn relative to average drawdown | 6.31 | 6.34 | -0.02 |
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 | VEUR.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.26 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.69 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.59 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.53 | +0.19 |
Drawdowns
SC0E.DE vs. VEUR.AS - Drawdown Comparison
The maximum SC0E.DE drawdown since its inception was -35.65%, roughly equal to the maximum VEUR.AS drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for SC0E.DE and VEUR.AS.
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Drawdown Indicators
| SC0E.DE | VEUR.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.65% | -35.63% | -0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -9.59% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -16.41% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -20.19% | +0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -35.65% | -35.63% | -0.02% |
Current DrawdownCurrent decline from peak | -1.56% | -1.62% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -5.29% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.55% | 0.00% |
Volatility
SC0E.DE vs. VEUR.AS - Volatility Comparison
Invesco MSCI Europe UCITS ETF (SC0E.DE) and Vanguard FTSE Developed Europe UCITS ETF (VEUR.AS) have volatilities of 4.35% and 4.38%, 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 | VEUR.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 4.38% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 10.62% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 12.81% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 14.22% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 15.51% | +0.85% |
SC0E.DE vs. VEUR.AS - Expense Ratio Comparison
SC0E.DE has a 0.19% expense ratio, which is higher than VEUR.AS's 0.10% 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. VEUR.AS - Dividend Comparison
SC0E.DE has not paid dividends to shareholders, while VEUR.AS's dividend yield for the trailing twelve months is around 2.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SC0E.DE Invesco MSCI Europe UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEUR.AS Vanguard FTSE Developed Europe UCITS ETF | 2.60% | 2.79% | 3.04% | 3.00% | 3.32% | 2.66% | 2.24% | 3.24% | 3.62% | 3.05% | 3.19% | 3.10% |
Frequently Asked Questions
With a correlation of 0.99, SC0E.DE and VEUR.AS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VEUR.AS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUR.AS is cheaper with a 0.10% expense ratio, compared with 0.19% for SC0E.DE.
SC0E.DE tracks MSCI Europe, while VEUR.AS tracks MSCI Europe NR EUR. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.19% for SC0E.DE and 0.10% for VEUR.AS.
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