SC0H.DE vs. SP2Q.DE
SC0H.DE (Invesco MSCI USA UCITS ETF) and SP2Q.DE (Invesco S&P 500 Equal Weight UCITS ETF Acc) are both exchange-traded funds - SC0H.DE is a Large Cap Blend Equities fund tracking the MSCI USA, while SP2Q.DE is a S&P 500 fund tracking the S&P 500® Equal Weight. Both are passively managed. Over the past 5 years, SC0H.DE returned 13.48%/yr vs 9.48%/yr for SP2Q.DE. Their correlation of 0.83 suggests significant overlap in exposure. SC0H.DE charges 0.05%/yr vs 0.20%/yr for SP2Q.DE.
Performance
SC0H.DE vs. SP2Q.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0H.DE achieves a 13.12% return, which is significantly lower than SP2Q.DE's 14.11% return.
SC0H.DE
- 1D
- 0.28%
- 1M
- 1.63%
- 6M
- 12.11%
- YTD
- 13.12%
- 1Y
- 23.38%
- 3Y*
- 19.55%
- 5Y*
- 13.48%
- 10Y*
- 14.66%
SP2Q.DE
- 1D
- 0.00%
- 1M
- 1.80%
- 6M
- 10.50%
- YTD
- 14.11%
- 1Y
- 19.92%
- 3Y*
- 12.86%
- 5Y*
- 9.48%
- 10Y*
- —
SC0H.DE vs. SP2Q.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SC0H.DE Invesco MSCI USA UCITS ETF | 13.12% | 4.77% | 32.56% | 23.59% | -15.54% | 23.36% |
SP2Q.DE Invesco S&P 500 Equal Weight UCITS ETF Acc | 14.11% | -0.55% | 18.83% | 9.91% | -6.71% | 31.96% |
Correlation
The correlation between SC0H.DE and SP2Q.DE is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2021 | 0.83 |
The correlation between SC0H.DE and SP2Q.DE shifts across timeframes, from 0.68 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SC0H.DE vs. SP2Q.DE — Risk / Return Rank
SC0H.DE
SP2Q.DE
SC0H.DE vs. SP2Q.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA UCITS ETF (SC0H.DE) and Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SC0H.DE | SP2Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 3.92 | -0.74 |
| Martin ratioReturn relative to average drawdown | 10.91 | 12.09 | -1.18 |
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Drawdowns
SC0H.DE vs. SP2Q.DE - Drawdown Comparison
The maximum SC0H.DE drawdown since its inception was -41.34%, which is greater than SP2Q.DE's maximum drawdown of -22.73%. Use the drawdown chart below to compare losses from any high point for SC0H.DE and SP2Q.DE.
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Drawdown Indicators
| SC0H.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.34% | -22.73% | -18.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.32% | -5.11% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -23.65% | -22.73% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -23.65% | -22.73% | -0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -34.20% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -0.93% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -5.11% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.66% | +0.48% |
Volatility
SC0H.DE vs. SP2Q.DE - Volatility Comparison
Invesco MSCI USA UCITS ETF (SC0H.DE) has a higher volatility of 2.84% compared to Invesco S&P 500 Equal Weight UCITS ETF Acc (SP2Q.DE) at 2.68%. This indicates that SC0H.DE's price experiences larger fluctuations and is considered to be riskier than SP2Q.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0H.DE | SP2Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 2.68% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 7.21% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 10.75% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.45% | 14.95% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.22% | 15.36% | +0.86% |
SC0H.DE vs. SP2Q.DE - Expense Ratio Comparison
SC0H.DE has a 0.05% expense ratio, which is lower than SP2Q.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. SP2Q.DE - Dividend Comparison
Neither SC0H.DE nor SP2Q.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0H.DE and SP2Q.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SC0H.DE is cheaper with a 0.05% expense ratio, compared with 0.20% for SP2Q.DE.
SC0H.DE is categorized as Large Cap Blend Equities, while SP2Q.DE is S&P 500. SC0H.DE tracks MSCI USA, while SP2Q.DE tracks S&P 500® Equal Weight. Their fees differ too: 0.05% for SC0H.DE and 0.20% for SP2Q.DE.
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