SC0H.DE vs. JREU.DE

Last updated Jun 5, 2026

SC0H.DE (Invesco MSCI USA UCITS ETF) and JREU.DE (JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)) are both Large Cap Blend Equities funds - SC0H.DE tracks the MSCI USA while JREU.DE tracks the JP Morgan US Research Enhanced Index Equity (ESG). Both are passively managed. Over the past 5 years, SC0H.DE returned 14.59%/yr vs 14.71%/yr for JREU.DE. With a 0.99 correlation, they move nearly in lockstep. SC0H.DE charges 0.05%/yr vs 0.20%/yr for JREU.DE.

Performance

SC0H.DE vs. JREU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco MSCI USA UCITS ETF (SC0H.DE) and JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREU.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SC0H.DE achieves a 11.30% return, which is significantly higher than JREU.DE's 10.64% return.

SC0H.DE

• 1D: -0.11%
• 1M: 5.36%
• YTD: 11.30%
• 6M: 11.28%
• 1Y: 25.34%
• 3Y*: 19.18%
• 5Y*: 14.59%
• 10Y*: 15.07%

JREU.DE

• 1D: -0.14%
• 1M: 4.62%
• YTD: 10.64%
• 6M: 10.88%
• 1Y: 24.62%
• 3Y*: 18.34%
• 5Y*: 14.71%
• 10Y*: —

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

SC0H.DE vs. JREU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SC0H.DE Invesco MSCI USA UCITS ETF	11.30%	4.77%	32.56%	23.60%	-15.55%	38.99%	9.76%	35.08%	-8.92%
JREU.DE JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	10.64%	3.77%	32.09%	24.03%	-14.67%	42.44%	8.56%	34.56%	-8.94%

Correlation

The correlation between SC0H.DE and JREU.DE 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	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.99

The correlation between SC0H.DE and JREU.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

SC0H.DE vs. JREU.DE — Risk / Return Rank

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

SC0H.DE

SC0H.DE Risk / Return Rank: 67
SC0H.DE Sharpe Ratio Rank: 67
SC0H.DE Sortino Ratio Rank: 64
SC0H.DE Omega Ratio Rank: 68
SC0H.DE Calmar Ratio Rank: 70
SC0H.DE Martin Ratio Rank: 66

JREU.DE

JREU.DE Risk / Return Rank: 69
JREU.DE Sharpe Ratio Rank: 66
JREU.DE Sortino Ratio Rank: 64
JREU.DE Omega Ratio Rank: 68
JREU.DE Calmar Ratio Rank: 73
JREU.DE Martin Ratio Rank: 72

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.

SC0H.DE vs. JREU.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA UCITS ETF (SC0H.DE) and JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREU.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.

	SC0H.DE	JREU.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.15	+0.02
Sortino ratio: Return per unit of downside risk	2.94	2.93	+0.01
Omega ratio: Gain probability vs. loss probability	1.40	1.40	0.00
Calmar ratio: Return relative to maximum drawdown	3.45	3.60	-0.15
Martin ratio: Return relative to average drawdown	11.96	13.47	-1.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SC0H.DE vs. JREU.DE - Sharpe Ratio Comparison

The current SC0H.DE Sharpe Ratio is 2.16, which is comparable to the JREU.DE Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of SC0H.DE and JREU.DE, 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

	SC0H.DE	JREU.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	2.15	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.95	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.92	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.90	+0.07

Drawdowns

SC0H.DE vs. JREU.DE - Drawdown Comparison

The maximum SC0H.DE drawdown since its inception was -34.20%, roughly equal to the maximum JREU.DE drawdown of -34.39%. Use the drawdown chart below to compare losses from any high point for SC0H.DE and JREU.DE.

Drawdown Indicators

	SC0H.DE	JREU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.20%	-34.39%	+0.19%
Max Drawdown (1Y) Largest decline over 1 year	-7.32%	-6.81%	-0.51%
Max Drawdown (3Y) Largest decline over 3 years	-23.66%	-23.38%	-0.28%
Max Drawdown (5Y) Largest decline over 5 years	-23.66%	-23.38%	-0.28%
Max Drawdown (10Y) Largest decline over 10 years	-34.20%	—	—
Current Drawdown Current decline from peak	-0.41%	-0.49%	+0.08%
Average Drawdown Average peak-to-trough decline	-4.13%	-4.52%	+0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.82%	+0.29%

Volatility

SC0H.DE vs. JREU.DE - Volatility Comparison

Invesco MSCI USA UCITS ETF (SC0H.DE) has a higher volatility of 2.68% compared to JPMorgan US Research Enhanced Index Equity (ESG) UCITS ETF USD (acc) (JREU.DE) at 2.53%. This indicates that SC0H.DE's price experiences larger fluctuations and is considered to be riskier than JREU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SC0H.DE	JREU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	2.53%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	7.66%	7.43%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	11.67%	11.42%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.41%	15.28%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	17.23%	-1.00%

SC0H.DE vs. JREU.DE - Expense Ratio Comparison

SC0H.DE has a 0.05% expense ratio, which is lower than JREU.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SC0H.DE vs. JREU.DE - Dividend Comparison

Neither SC0H.DE nor JREU.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SC0H.DE and JREU.DE in my portfolio?

With a correlation of 0.99, SC0H.DE and JREU.DE 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.

Which ETF is better, SC0H.DE or JREU.DE?

On fees, SC0H.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SC0H.DE or JREU.DE?

SC0H.DE is cheaper with a 0.05% expense ratio, compared with 0.20% for JREU.DE.

What is the main difference between SC0H.DE and JREU.DE?

SC0H.DE tracks MSCI USA, while JREU.DE tracks JP Morgan US Research Enhanced Index Equity (ESG). They also come from different issuers: Invesco and JPMorgan. Their fees differ too: 0.05% for SC0H.DE and 0.20% for JREU.DE.