SC0P.DE vs. FWEA.DE
SC0P.DE (Invesco European Autos Sector UCITS ETF) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - SC0P.DE is a Consumer Staples Equities fund tracking the STOXX® Europe 600 Optimised Automobiles & Parts, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, SC0P.DE returned -8.72% vs 26.40% for FWEA.DE. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
SC0P.DE vs. FWEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0P.DE achieves a -11.55% return, which is significantly lower than FWEA.DE's 10.64% return.
SC0P.DE
- 1D
- -0.56%
- 1M
- 3.76%
- YTD
- -11.55%
- 6M
- -13.18%
- 1Y
- -8.72%
- 3Y*
- -6.25%
- 5Y*
- -4.61%
- 10Y*
- 2.37%
FWEA.DE
- 1D
- -0.24%
- 1M
- 4.41%
- YTD
- 10.64%
- 6M
- 11.85%
- 1Y
- 26.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SC0P.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SC0P.DE Invesco European Autos Sector UCITS ETF | -11.55% | 2.03% | -10.79% | 2.00% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between SC0P.DE and FWEA.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.53 |
The correlation between SC0P.DE and FWEA.DE has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.
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Return for Risk
SC0P.DE vs. FWEA.DE — Risk / Return Rank
SC0P.DE
FWEA.DE
SC0P.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Autos Sector UCITS ETF (SC0P.DE) and Invesco FTSE All-World UCITS ETF (FWEA.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.
| SC0P.DE | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -3.78 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.43 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 3.18 | -3.59 |
| Martin ratioReturn relative to average drawdown | -0.97 | 13.52 | -14.49 |
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
| SC0P.DE | FWEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.38 | 2.30 | -2.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 1.51 | -1.26 |
Drawdowns
SC0P.DE vs. FWEA.DE - Drawdown Comparison
The maximum SC0P.DE drawdown since its inception was -60.05%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for SC0P.DE and FWEA.DE.
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Drawdown Indicators
| SC0P.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.05% | -17.48% | -42.57% |
Max Drawdown (1Y)Largest decline over 1 year | -20.74% | -8.28% | -12.46% |
Max Drawdown (3Y)Largest decline over 3 years | -35.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.05% | — | — |
Current DrawdownCurrent decline from peak | -30.84% | -0.81% | -30.03% |
Average DrawdownAverage peak-to-trough decline | -15.57% | -1.86% | -13.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.99% | 1.95% | +7.04% |
Volatility
SC0P.DE vs. FWEA.DE - Volatility Comparison
Invesco European Autos Sector UCITS ETF (SC0P.DE) has a higher volatility of 5.49% compared to Invesco FTSE All-World UCITS ETF (FWEA.DE) at 3.36%. This indicates that SC0P.DE's price experiences larger fluctuations and is considered to be riskier than FWEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0P.DE | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 3.36% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 17.30% | 8.93% | +8.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.04% | 11.45% | +11.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.57% | 12.72% | +11.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.09% | 12.72% | +13.37% |
SC0P.DE vs. FWEA.DE - Expense Ratio Comparison
Both SC0P.DE and FWEA.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SC0P.DE vs. FWEA.DE - Dividend Comparison
Neither SC0P.DE nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0P.DE and FWEA.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SC0P.DE and FWEA.DE have the same expense ratio: 0.20% per year.
SC0P.DE is categorized as Consumer Staples Equities, while FWEA.DE is Global Equities. SC0P.DE tracks STOXX® Europe 600 Optimised Automobiles & Parts, while FWEA.DE tracks FTSE All-World Index.
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