SC0J.DE vs. SPP2.DE

Last updated Jun 5, 2026

SC0J.DE (Invesco MSCI World UCITS ETF Acc) and SPP2.DE (SPDR MSCI ACWI UCITS ETF USD Hedged Acc) are both Global Equities funds - SC0J.DE tracks the MSCI World while SPP2.DE tracks the MSCI ACWI (USD Hedged). Both are passively managed. Over the past 5 years, SC0J.DE returned 12.96%/yr vs 13.66%/yr for SPP2.DE. Their correlation of 0.94 suggests significant overlap in exposure. SC0J.DE charges 0.19%/yr vs 0.45%/yr for SPP2.DE.

Performance

SC0J.DE vs. SPP2.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco MSCI World UCITS ETF Acc (SC0J.DE) and SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SC0J.DE is traded in EUR, while SPP2.DE is traded in USD. To make them comparable, the SPP2.DE values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SC0J.DE achieves a 10.95% return, which is significantly lower than SPP2.DE's 13.03% return.

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%

SPP2.DE

• 1D: -0.15%
• 1M: 5.25%
• YTD: 13.03%
• 6M: 13.50%
• 1Y: 27.58%
• 3Y*: 18.34%
• 5Y*: 13.66%
• 10Y*: —

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

SC0J.DE vs. SPP2.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SC0J.DE Invesco MSCI World UCITS ETF Acc	10.95%	7.78%	26.07%	20.32%	-13.60%	32.76%	7.77%
SPP2.DE SPDR MSCI ACWI UCITS ETF USD Hedged Acc	13.03%	7.39%	27.67%	19.17%	-11.61%	31.66%	6.71%

Correlation

The correlation between SC0J.DE and SPP2.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 23, 2020	0.94

The correlation between SC0J.DE and SPP2.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

SC0J.DE vs. SPP2.DE — Risk / Return Rank

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

SC0J.DE

SC0J.DE Risk / Return Rank: 70
SC0J.DE Sharpe Ratio Rank: 66
SC0J.DE Sortino Ratio Rank: 66
SC0J.DE Omega Ratio Rank: 69
SC0J.DE Calmar Ratio Rank: 74
SC0J.DE Martin Ratio Rank: 77

SPP2.DE

SPP2.DE Risk / Return Rank: 78
SPP2.DE Sharpe Ratio Rank: 77
SPP2.DE Sortino Ratio Rank: 82
SPP2.DE Omega Ratio Rank: 78
SPP2.DE Calmar Ratio Rank: 74
SPP2.DE Martin Ratio Rank: 80

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.

SC0J.DE vs. SPP2.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 SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.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	SPP2.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.19	-0.05
Sortino ratio: Return per unit of downside risk	2.99	3.05	-0.06
Omega ratio: Gain probability vs. loss probability	1.40	1.41	0.00
Calmar ratio: Return relative to maximum drawdown	3.66	4.68	-1.02
Martin ratio: Return relative to average drawdown	14.66	16.59	-1.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SC0J.DE vs. SPP2.DE - Sharpe Ratio Comparison

The current SC0J.DE Sharpe Ratio is 2.14, which is comparable to the SPP2.DE Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of SC0J.DE and SPP2.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

	SC0J.DE	SPP2.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	2.19	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.92	-0.01
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	1.08	-0.21

Drawdowns

SC0J.DE vs. SPP2.DE - Drawdown Comparison

The maximum SC0J.DE drawdown since its inception was -33.91%, which is greater than SPP2.DE's maximum drawdown of -21.23%. Use the drawdown chart below to compare losses from any high point for SC0J.DE and SPP2.DE.

Drawdown Indicators

	SC0J.DE	SPP2.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.91%	-21.23%	-12.68%
Max Drawdown (1Y) Largest decline over 1 year	-6.52%	-5.87%	-0.65%
Max Drawdown (3Y) Largest decline over 3 years	-21.66%	-21.23%	-0.43%
Max Drawdown (5Y) Largest decline over 5 years	-21.66%	-21.23%	-0.43%
Max Drawdown (10Y) Largest decline over 10 years	-33.91%	—	—
Current Drawdown Current decline from peak	-0.33%	-0.53%	+0.20%
Average Drawdown Average peak-to-trough decline	-4.23%	-3.51%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.66%	-0.03%

Volatility

SC0J.DE vs. SPP2.DE - Volatility Comparison

The current volatility for Invesco MSCI World UCITS ETF Acc (SC0J.DE) is 2.62%, while SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE) has a volatility of 3.27%. This indicates that SC0J.DE experiences smaller price fluctuations and is considered to be less risky than SPP2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SC0J.DE	SPP2.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	3.27%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	7.78%	9.26%	-1.48%
Volatility (1Y) Calculated over the trailing 1-year period	11.15%	12.55%	-1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.15%	14.69%	-0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.09%	14.56%	+0.53%

SC0J.DE vs. SPP2.DE - Expense Ratio Comparison

SC0J.DE has a 0.19% expense ratio, which is lower than SPP2.DE's 0.45% expense ratio.

Dividends

SC0J.DE vs. SPP2.DE - Dividend Comparison

Neither SC0J.DE nor SPP2.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SC0J.DE and SPP2.DE in my portfolio?

With a correlation of 0.92, SC0J.DE and SPP2.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, SC0J.DE or SPP2.DE?

On fees, SC0J.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SC0J.DE or SPP2.DE?

SC0J.DE is cheaper with a 0.19% expense ratio, compared with 0.45% for SPP2.DE.

What is the main difference between SC0J.DE and SPP2.DE?

SC0J.DE tracks MSCI World, while SPP2.DE tracks MSCI ACWI (USD Hedged). They also come from different issuers: Invesco and State Street. Their fees differ too: 0.19% for SC0J.DE and 0.45% for SPP2.DE.