SC0I.DE vs. P500.DE
SC0I.DE (Invesco MSCI Japan UCITS ETF) and P500.DE (Invesco S&P 500 UCITS ETF) are both exchange-traded funds - SC0I.DE is a Japan Equities fund tracking the MSCI Japan, while P500.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SC0I.DE returned 8.52%/yr vs 14.54%/yr for P500.DE. A 0.62 correlation means they provide meaningful diversification when combined. SC0I.DE charges 0.19%/yr vs 0.05%/yr for P500.DE.
Performance
SC0I.DE vs. P500.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0I.DE achieves a 14.80% return, which is significantly higher than P500.DE's 11.87% return. Over the past 10 years, SC0I.DE has underperformed P500.DE with an annualized return of 8.52%, while P500.DE has yielded a comparatively higher 14.54% annualized return.
SC0I.DE
- 1D
- -2.54%
- 1M
- -4.40%
- 6M
- 7.55%
- YTD
- 14.80%
- 1Y
- 32.01%
- 3Y*
- 15.32%
- 5Y*
- 9.37%
- 10Y*
- 8.52%
P500.DE
- 1D
- -1.21%
- 1M
- 0.77%
- 6M
- 9.53%
- YTD
- 11.87%
- 1Y
- 21.63%
- 3Y*
- 18.82%
- 5Y*
- 13.68%
- 10Y*
- 14.54%
SC0I.DE vs. P500.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0I.DE Invesco MSCI Japan UCITS ETF | 14.80% | 12.31% | 13.65% | 16.36% | -12.51% | 9.85% | 5.13% | 22.22% | -9.86% | 9.04% |
P500.DE Invesco S&P 500 UCITS ETF | 11.87% | 4.83% | 32.66% | 22.56% | -14.02% | 41.17% | 6.99% | 34.95% | -1.01% | 6.74% |
Correlation
The correlation between SC0I.DE and P500.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2011 | 0.62 |
The correlation between SC0I.DE and P500.DE has been stable across timeframes, ranging from 0.52 to 0.62 - a consistent structural relationship.
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Return for Risk
SC0I.DE vs. P500.DE — Risk / Return Rank
SC0I.DE
P500.DE
SC0I.DE vs. P500.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Japan UCITS ETF (SC0I.DE) and Invesco S&P 500 UCITS ETF (P500.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.
| SC0I.DE | P500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.04 | +0.08 |
| Martin ratioReturn relative to average drawdown | 9.87 | 10.75 | -0.88 |
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Drawdowns
SC0I.DE vs. P500.DE - Drawdown Comparison
The maximum SC0I.DE drawdown since its inception was -41.87%, which is greater than P500.DE's maximum drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for SC0I.DE and P500.DE.
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Drawdown Indicators
| SC0I.DE | P500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -33.85% | -8.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.24% | -7.10% | -3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -16.83% | -23.39% | +6.56% |
Max Drawdown (5Y)Largest decline over 5 years | -19.11% | -23.39% | +4.28% |
Max Drawdown (10Y)Largest decline over 10 years | -28.00% | -33.85% | +5.85% |
Current DrawdownCurrent decline from peak | -7.18% | -1.36% | -5.82% |
Average DrawdownAverage peak-to-trough decline | -13.49% | -3.84% | -9.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.01% | +1.22% |
Volatility
SC0I.DE vs. P500.DE - Volatility Comparison
Invesco MSCI Japan UCITS ETF (SC0I.DE) has a higher volatility of 6.75% compared to Invesco S&P 500 UCITS ETF (P500.DE) at 2.98%. This indicates that SC0I.DE's price experiences larger fluctuations and is considered to be riskier than P500.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0I.DE | P500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 2.98% | +3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 16.47% | 7.91% | +8.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.87% | 11.87% | +8.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 15.22% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 16.07% | +1.28% |
SC0I.DE vs. P500.DE - Expense Ratio Comparison
SC0I.DE has a 0.19% expense ratio, which is higher than P500.DE's 0.05% 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
SC0I.DE vs. P500.DE - Dividend Comparison
Neither SC0I.DE nor P500.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0I.DE and P500.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, P500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
P500.DE is cheaper with a 0.05% expense ratio, compared with 0.19% for SC0I.DE.
SC0I.DE is categorized as Japan Equities, while P500.DE is S&P 500. SC0I.DE tracks MSCI Japan, while P500.DE tracks S&P 500 Index. Their fees differ too: 0.19% for SC0I.DE and 0.05% for P500.DE.
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