SC0E.DE vs. VOO
SC0E.DE (Invesco MSCI Europe UCITS ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - SC0E.DE is a Europe Equities fund tracking the MSCI Europe, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SC0E.DE returned 9.06%/yr vs 15.30%/yr for VOO. At a 0.40 correlation, their price movements are largely independent. SC0E.DE charges 0.19%/yr vs 0.03%/yr for VOO.
Performance
SC0E.DE vs. VOO - Performance Comparison
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Different Trading Currencies
SC0E.DE is traded in EUR, while VOO is traded in USD. To make them comparable, the VOO 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 VOO's 12.61% return. Over the past 10 years, SC0E.DE has underperformed VOO with an annualized return of 9.06%, while VOO has yielded a comparatively higher 15.30% 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%
VOO
- 1D
- 0.25%
- 1M
- 5.32%
- YTD
- 12.61%
- 6M
- 11.57%
- 1Y
- 26.46%
- 3Y*
- 19.42%
- 5Y*
- 15.04%
- 10Y*
- 15.30%
SC0E.DE vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | 12.61% | 3.84% | 33.23% | 22.54% | -13.10% | 38.43% | 8.57% | 34.33% | -0.02% | 6.81% |
Correlation
The correlation between SC0E.DE and VOO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2010 | 0.40 |
The correlation between SC0E.DE and VOO shifts across timeframes, from 0.35 (3 years) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SC0E.DE vs. VOO — Risk / Return Rank
SC0E.DE
VOO
SC0E.DE vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Europe UCITS ETF (SC0E.DE) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.40 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.61 | -1.90 |
| Martin ratioReturn relative to average drawdown | 6.31 | 13.65 | -7.34 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.18 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.91 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.83 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.90 | -0.18 |
Drawdowns
SC0E.DE vs. VOO - Drawdown Comparison
The maximum SC0E.DE drawdown since its inception was -35.65%, which is greater than VOO's maximum drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for SC0E.DE and VOO.
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Drawdown Indicators
| SC0E.DE | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.65% | -33.49% | -2.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -7.37% | -2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -23.87% | +7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -23.87% | +4.54% |
Max Drawdown (10Y)Largest decline over 10 years | -35.65% | -33.49% | -2.16% |
Current DrawdownCurrent decline from peak | -1.56% | -0.18% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -4.03% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 1.94% | +0.61% |
Volatility
SC0E.DE vs. VOO - Volatility Comparison
Invesco MSCI Europe UCITS ETF (SC0E.DE) has a higher volatility of 4.35% compared to Vanguard S&P 500 ETF (VOO) at 2.17%. This indicates that SC0E.DE's price experiences larger fluctuations and is considered to be riskier than VOO 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 | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 2.17% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 8.55% | +2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 12.21% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 16.70% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 18.53% | -2.17% |
SC0E.DE vs. VOO - Expense Ratio Comparison
SC0E.DE has a 0.19% expense ratio, which is higher than VOO's 0.03% 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. VOO - Dividend Comparison
SC0E.DE has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.02%.
| 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% |
VOO Vanguard S&P 500 ETF | 1.02% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
SC0E.DE and VOO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VOO is cheaper with a 0.03% expense ratio, compared with 0.19% for SC0E.DE.
SC0E.DE is categorized as Europe Equities, while VOO is S&P 500. SC0E.DE tracks MSCI Europe, while VOO tracks S&P 500 Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.19% for SC0E.DE and 0.03% for VOO.
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