SC0E.DE vs. XLKQ.L
SC0E.DE (Invesco MSCI Europe UCITS ETF) and XLKQ.L (Invesco Technology S&P US Select Sector UCITS ETF GBP Acc) are both exchange-traded funds - SC0E.DE is a Europe Equities fund tracking the MSCI Europe, while XLKQ.L is a Technology Equities fund tracking the S&P Select Sector Capped 20% Technology Index. Both are passively managed. Over the past 10 years, SC0E.DE returned 9.06%/yr vs 26.02%/yr for XLKQ.L. A 0.51 correlation means they provide meaningful diversification when combined. SC0E.DE charges 0.19%/yr vs 0.14%/yr for XLKQ.L.
Performance
SC0E.DE vs. XLKQ.L - Performance Comparison
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Different Trading Currencies
SC0E.DE is traded in EUR, while XLKQ.L is traded in GBp. To make them comparable, the XLKQ.L 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 XLKQ.L's 24.91% return. Over the past 10 years, SC0E.DE has underperformed XLKQ.L with an annualized return of 9.06%, while XLKQ.L has yielded a comparatively higher 26.02% 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%
XLKQ.L
- 1D
- -2.32%
- 1M
- 14.20%
- YTD
- 24.91%
- 6M
- 23.54%
- 1Y
- 50.48%
- 3Y*
- 32.98%
- 5Y*
- 26.44%
- 10Y*
- 26.02%
SC0E.DE vs. XLKQ.L - 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% |
XLKQ.L Invesco Technology S&P US Select Sector UCITS ETF GBP Acc | 24.91% | 9.72% | 50.98% | 55.05% | -24.67% | 45.15% | 30.44% | 54.10% | -0.69% | 18.93% |
Correlation
The correlation between SC0E.DE and XLKQ.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2014 | 0.51 |
The correlation between SC0E.DE and XLKQ.L shifts across timeframes, from 0.41 (3 years) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SC0E.DE vs. XLKQ.L — Risk / Return Rank
SC0E.DE
XLKQ.L
SC0E.DE vs. XLKQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Europe UCITS ETF (SC0E.DE) and Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L). 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 | XLKQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.41 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.18 | -1.48 |
| Martin ratioReturn relative to average drawdown | 6.31 | 8.52 | -2.20 |
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 | XLKQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.55 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 1.16 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 1.24 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 1.23 | -0.51 |
Drawdowns
SC0E.DE vs. XLKQ.L - Drawdown Comparison
The maximum SC0E.DE drawdown since its inception was -35.65%, which is greater than XLKQ.L's maximum drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for SC0E.DE and XLKQ.L.
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Drawdown Indicators
| SC0E.DE | XLKQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.65% | -30.78% | -4.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -15.78% | +6.35% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -30.46% | +13.92% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -30.46% | +11.13% |
Max Drawdown (10Y)Largest decline over 10 years | -35.65% | -30.78% | -4.87% |
Current DrawdownCurrent decline from peak | -1.56% | -3.01% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -5.56% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 5.91% | -3.36% |
Volatility
SC0E.DE vs. XLKQ.L - Volatility Comparison
The current volatility for Invesco MSCI Europe UCITS ETF (SC0E.DE) is 4.35%, while Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) has a volatility of 6.61%. This indicates that SC0E.DE experiences smaller price fluctuations and is considered to be less risky than XLKQ.L 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 | XLKQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 6.61% | -2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 14.55% | -3.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.83% | 19.72% | -6.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.59% | 22.75% | -8.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.36% | 22.09% | -5.73% |
SC0E.DE vs. XLKQ.L - Expense Ratio Comparison
SC0E.DE has a 0.19% expense ratio, which is higher than XLKQ.L's 0.14% 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. XLKQ.L - Dividend Comparison
Neither SC0E.DE nor XLKQ.L has paid dividends to shareholders.
Frequently Asked Questions
SC0E.DE and XLKQ.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLKQ.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLKQ.L is cheaper with a 0.14% expense ratio, compared with 0.19% for SC0E.DE.
SC0E.DE is categorized as Europe Equities, while XLKQ.L is Technology Equities. SC0E.DE tracks MSCI Europe, while XLKQ.L tracks S&P Select Sector Capped 20% Technology Index. Their fees differ too: 0.19% for SC0E.DE and 0.14% for XLKQ.L.
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