SC0H.DE vs. UBU3.DE
SC0H.DE (Invesco MSCI USA UCITS ETF) and UBU3.DE (UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis) are both Large Cap Blend Equities funds tracking the MSCI USA, from Invesco and UBS respectively. Both are passively managed. Over the past 10 years, SC0H.DE returned 15.07%/yr vs 14.72%/yr for UBU3.DE. With a 0.99 correlation, they move nearly in lockstep. SC0H.DE charges 0.05%/yr vs 0.07%/yr for UBU3.DE.
Performance
SC0H.DE vs. UBU3.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SC0H.DE having a 11.30% return and UBU3.DE slightly lower at 11.22%. Both investments have delivered pretty close results over the past 10 years, with SC0H.DE having a 15.07% annualized return and UBU3.DE not far behind at 14.72%.
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%
UBU3.DE
- 1D
- -0.11%
- 1M
- 5.37%
- YTD
- 11.22%
- 6M
- 11.16%
- 1Y
- 25.10%
- 3Y*
- 18.90%
- 5Y*
- 14.24%
- 10Y*
- 14.72%
SC0H.DE vs. UBU3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0H.DE Invesco MSCI USA UCITS ETF | 11.30% | 4.77% | 32.56% | 23.60% | -15.55% | 38.99% | 9.76% | 35.08% | -1.12% | 6.55% |
UBU3.DE UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis | 11.22% | 4.58% | 32.47% | 22.92% | -15.80% | 38.39% | 9.26% | 34.44% | -1.64% | 6.56% |
Correlation
The correlation between SC0H.DE and UBU3.DE is 1.00 - 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 | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since May 31, 2012 | 0.99 |
The correlation between SC0H.DE and UBU3.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
SC0H.DE vs. UBU3.DE — Risk / Return Rank
SC0H.DE
UBU3.DE
SC0H.DE vs. UBU3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA UCITS ETF (SC0H.DE) and UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis (UBU3.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 | UBU3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 3.38 | +0.06 |
| Martin ratioReturn relative to average drawdown | 11.96 | 11.75 | +0.21 |
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
| SC0H.DE | UBU3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.14 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.92 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.90 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.93 | +0.05 |
Drawdowns
SC0H.DE vs. UBU3.DE - Drawdown Comparison
The maximum SC0H.DE drawdown since its inception was -34.20%, roughly equal to the maximum UBU3.DE drawdown of -34.04%. Use the drawdown chart below to compare losses from any high point for SC0H.DE and UBU3.DE.
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Drawdown Indicators
| SC0H.DE | UBU3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.20% | -34.04% | -0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -7.32% | -7.39% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -23.66% | -23.73% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -23.66% | -23.73% | +0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -34.20% | -34.04% | -0.16% |
Current DrawdownCurrent decline from peak | -0.41% | -0.41% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -4.10% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 2.13% | -0.02% |
Volatility
SC0H.DE vs. UBU3.DE - Volatility Comparison
Invesco MSCI USA UCITS ETF (SC0H.DE) and UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis (UBU3.DE) have volatilities of 2.68% and 2.73%, 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
| SC0H.DE | UBU3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 2.73% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 7.61% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.67% | 11.69% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.41% | 15.39% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 16.22% | +0.01% |
SC0H.DE vs. UBU3.DE - Expense Ratio Comparison
SC0H.DE has a 0.05% expense ratio, which is lower than UBU3.DE's 0.07% 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. UBU3.DE - Dividend Comparison
SC0H.DE has not paid dividends to shareholders, while UBU3.DE's dividend yield for the trailing twelve months is around 0.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SC0H.DE Invesco MSCI USA 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% |
UBU3.DE UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis | 0.72% | 0.90% | 0.85% | 1.01% | 1.18% | 0.71% | 1.16% | 1.18% | 1.27% | 1.18% | 1.48% | 1.31% |
Frequently Asked Questions
With a correlation of 1.00, SC0H.DE and UBU3.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.
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 0.07% for UBU3.DE.
Both ETFs track MSCI USA. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.05% for SC0H.DE and 0.07% for UBU3.DE.
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