SC0J.DE vs. XLKS.L
SC0J.DE (Invesco MSCI World UCITS ETF Acc) and XLKS.L (Invesco Technology S&P US Select Sector UCITS ETF Acc) are both exchange-traded funds - SC0J.DE is a Global Equities fund tracking the MSCI World, while XLKS.L is a Technology Equities fund tracking the S&P® Select Sector Capped 20% Technology Index. Both are passively managed. Over the past 10 years, SC0J.DE returned 12.86%/yr vs 26.00%/yr for XLKS.L. A 0.75 correlation means they provide meaningful diversification when combined. SC0J.DE charges 0.19%/yr vs 0.14%/yr for XLKS.L.
Performance
SC0J.DE vs. XLKS.L - Performance Comparison
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Different Trading Currencies
SC0J.DE is traded in EUR, while XLKS.L is traded in USD. To make them comparable, the XLKS.L 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 XLKS.L's 24.94% return. Over the past 10 years, SC0J.DE has underperformed XLKS.L with an annualized return of 12.86%, while XLKS.L has yielded a comparatively higher 26.00% annualized 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%
XLKS.L
- 1D
- -2.45%
- 1M
- 14.00%
- YTD
- 24.94%
- 6M
- 23.41%
- 1Y
- 50.36%
- 3Y*
- 33.06%
- 5Y*
- 26.42%
- 10Y*
- 26.00%
SC0J.DE vs. XLKS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0J.DE Invesco MSCI World UCITS ETF Acc | 10.95% | 7.78% | 26.07% | 20.32% | -13.60% | 32.76% | 5.64% | 31.45% | -5.00% | 7.71% |
XLKS.L Invesco Technology S&P US Select Sector UCITS ETF Acc | 24.94% | 9.49% | 51.08% | 55.82% | -24.73% | 44.80% | 31.01% | 52.19% | 2.07% | 16.89% |
Correlation
The correlation between SC0J.DE and XLKS.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2010 | 0.75 |
The correlation between SC0J.DE and XLKS.L has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
SC0J.DE vs. XLKS.L — Risk / Return Rank
SC0J.DE
XLKS.L
SC0J.DE vs. XLKS.L - 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 Technology S&P US Select Sector UCITS ETF Acc (XLKS.L). 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 | XLKS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 3.12 | +0.54 |
| Martin ratioReturn relative to average drawdown | 14.66 | 8.26 | +6.40 |
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 | XLKS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | 2.42 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 1.12 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 1.16 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 1.09 | -0.22 |
Drawdowns
SC0J.DE vs. XLKS.L - Drawdown Comparison
The maximum SC0J.DE drawdown since its inception was -33.91%, which is greater than XLKS.L's maximum drawdown of -31.42%. Use the drawdown chart below to compare losses from any high point for SC0J.DE and XLKS.L.
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Drawdown Indicators
| SC0J.DE | XLKS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.91% | -31.42% | -2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.52% | -16.07% | +9.55% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | -30.47% | +8.81% |
Max Drawdown (5Y)Largest decline over 5 years | -21.66% | -30.47% | +8.81% |
Max Drawdown (10Y)Largest decline over 10 years | -33.91% | -31.42% | -2.49% |
Current DrawdownCurrent decline from peak | -0.33% | -3.01% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -5.37% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 6.08% | -4.45% |
Volatility
SC0J.DE vs. XLKS.L - Volatility Comparison
The current volatility for Invesco MSCI World UCITS ETF Acc (SC0J.DE) is 2.62%, while Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.L) has a volatility of 7.32%. This indicates that SC0J.DE experiences smaller price fluctuations and is considered to be less risky than XLKS.L 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 | XLKS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 7.32% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 7.78% | 15.51% | -7.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.15% | 20.68% | -9.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 23.59% | -9.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.09% | 22.29% | -7.20% |
SC0J.DE vs. XLKS.L - Expense Ratio Comparison
SC0J.DE has a 0.19% expense ratio, which is higher than XLKS.L's 0.14% 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
SC0J.DE vs. XLKS.L - Dividend Comparison
Neither SC0J.DE nor XLKS.L has paid dividends to shareholders.
Frequently Asked Questions
SC0J.DE and XLKS.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLKS.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLKS.L is cheaper with a 0.14% expense ratio, compared with 0.19% for SC0J.DE.
SC0J.DE is categorized as Global Equities, while XLKS.L is Technology Equities. SC0J.DE tracks MSCI World, while XLKS.L tracks S&P® Select Sector Capped 20% Technology Index. Their fees differ too: 0.19% for SC0J.DE and 0.14% for XLKS.L.
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