SC0J.DE vs. ESGW.DE
SC0J.DE (Invesco MSCI World UCITS ETF Acc) and ESGW.DE (Invesco MSCI World ESG Universal Screened UCITS ETF Acc) are both Global Equities funds from Invesco - SC0J.DE tracks the MSCI World while ESGW.DE tracks the MSCI World ESG Universal Select Business Screens. Both are passively managed. Over the past 5 years, SC0J.DE returned 12.96%/yr vs 12.55%/yr for ESGW.DE. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.19% expense ratio.
Performance
SC0J.DE vs. ESGW.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SC0J.DE having a 10.95% return and ESGW.DE slightly higher at 11.38%.
SC0J.DE
- 1D
- -0.02%
- 1M
- 4.89%
- YTD
- 10.95%
- 6M
- 11.36%
- 1Y
- 23.93%
- 3Y*
- 17.62%
- 5Y*
- 12.96%
- 10Y*
- 12.86%
ESGW.DE
- 1D
- -0.28%
- 1M
- 5.22%
- YTD
- 11.38%
- 6M
- 11.89%
- 1Y
- 23.59%
- 3Y*
- 17.44%
- 5Y*
- 12.55%
- 10Y*
- —
SC0J.DE vs. ESGW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SC0J.DE Invesco MSCI World UCITS ETF Acc | 10.95% | 7.78% | 26.07% | 20.32% | -13.60% | 32.76% | 5.64% | 10.77% |
ESGW.DE Invesco MSCI World ESG Universal Screened UCITS ETF Acc | 11.38% | 7.40% | 25.48% | 21.26% | -16.02% | 33.65% | 8.07% | 11.81% |
Correlation
The correlation between SC0J.DE and ESGW.DE is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.99 |
The correlation between SC0J.DE and ESGW.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
SC0J.DE vs. ESGW.DE — Risk / Return Rank
SC0J.DE
ESGW.DE
SC0J.DE vs. ESGW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World UCITS ETF Acc (SC0J.DE) and Invesco MSCI World ESG Universal Screened UCITS ETF Acc (ESGW.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.
| SC0J.DE | ESGW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.38 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 3.41 | +0.24 |
| Martin ratioReturn relative to average drawdown | 14.66 | 13.42 | +1.24 |
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
| SC0J.DE | ESGW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 2.03 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.87 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.85 | +0.03 |
Drawdowns
SC0J.DE vs. ESGW.DE - Drawdown Comparison
The maximum SC0J.DE drawdown since its inception was -33.91%, which is greater than ESGW.DE's maximum drawdown of -32.09%. Use the drawdown chart below to compare losses from any high point for SC0J.DE and ESGW.DE.
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Drawdown Indicators
| SC0J.DE | ESGW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.91% | -32.09% | -1.82% |
Max Drawdown (1Y)Largest decline over 1 year | -6.52% | -6.88% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | -21.55% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -21.66% | -21.55% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -33.91% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.54% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -4.99% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.75% | -0.12% |
Volatility
SC0J.DE vs. ESGW.DE - Volatility Comparison
The current volatility for Invesco MSCI World UCITS ETF Acc (SC0J.DE) is 2.62%, while Invesco MSCI World ESG Universal Screened UCITS ETF Acc (ESGW.DE) has a volatility of 2.86%. This indicates that SC0J.DE experiences smaller price fluctuations and is considered to be less risky than ESGW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0J.DE | ESGW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.86% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.78% | 8.23% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.15% | 11.60% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 14.32% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.09% | 16.24% | -1.15% |
SC0J.DE vs. ESGW.DE - Expense Ratio Comparison
Both SC0J.DE and ESGW.DE have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SC0J.DE vs. ESGW.DE - Dividend Comparison
Neither SC0J.DE nor ESGW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, SC0J.DE and ESGW.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.
Both ETFs have the same 0.19% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SC0J.DE and ESGW.DE have the same expense ratio: 0.19% per year.
SC0J.DE tracks MSCI World, while ESGW.DE tracks MSCI World ESG Universal Select Business Screens.
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