SC0P.DE vs. WELC.DE
SC0P.DE (Invesco European Autos Sector UCITS ETF) and WELC.DE (Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist) are both Consumer Staples Equities funds - SC0P.DE tracks the STOXX® Europe 600 Optimised Automobiles & Parts while WELC.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary. Both are passively managed. Over the past 3 years, SC0P.DE returned -6.25%/yr vs 9.08%/yr for WELC.DE. A 0.55 correlation means they provide meaningful diversification when combined. SC0P.DE charges 0.20%/yr vs 0.18%/yr for WELC.DE.
Performance
SC0P.DE vs. WELC.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 WELC.DE's -1.47% 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%
WELC.DE
- 1D
- 0.30%
- 1M
- -0.33%
- YTD
- -1.47%
- 6M
- -1.22%
- 1Y
- 6.53%
- 3Y*
- 9.08%
- 5Y*
- —
- 10Y*
- —
SC0P.DE vs. WELC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SC0P.DE Invesco European Autos Sector UCITS ETF | -11.55% | 2.03% | -10.79% | 24.20% | 10.01% |
WELC.DE Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist | -1.47% | -5.06% | 29.51% | 30.69% | -8.13% |
Correlation
The correlation between SC0P.DE and WELC.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.55 |
The correlation between SC0P.DE and WELC.DE has been stable across timeframes, ranging from 0.51 to 0.55 - a consistent structural relationship.
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Return for Risk
SC0P.DE vs. WELC.DE — Risk / Return Rank
SC0P.DE
WELC.DE
SC0P.DE vs. WELC.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 Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist (WELC.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 | WELC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.08 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 0.44 | -0.86 |
| Martin ratioReturn relative to average drawdown | -0.97 | 1.21 | -2.18 |
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 | WELC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.38 | 0.39 | -0.77 |
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 | 0.60 | -0.34 |
Drawdowns
SC0P.DE vs. WELC.DE - Drawdown Comparison
The maximum SC0P.DE drawdown since its inception was -60.05%, which is greater than WELC.DE's maximum drawdown of -28.15%. Use the drawdown chart below to compare losses from any high point for SC0P.DE and WELC.DE.
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Drawdown Indicators
| SC0P.DE | WELC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.05% | -28.15% | -31.90% |
Max Drawdown (1Y)Largest decline over 1 year | -20.74% | -14.64% | -6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -35.82% | -28.15% | -7.67% |
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% | -10.11% | -20.73% |
Average DrawdownAverage peak-to-trough decline | -15.57% | -6.71% | -8.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.99% | 5.38% | +3.61% |
Volatility
SC0P.DE vs. WELC.DE - Volatility Comparison
Invesco European Autos Sector UCITS ETF (SC0P.DE) has a higher volatility of 5.49% compared to Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist (WELC.DE) at 4.86%. This indicates that SC0P.DE's price experiences larger fluctuations and is considered to be riskier than WELC.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 | WELC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 4.86% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 17.30% | 12.32% | +4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.04% | 16.52% | +6.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.57% | 18.03% | +6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.09% | 18.03% | +8.06% |
SC0P.DE vs. WELC.DE - Expense Ratio Comparison
SC0P.DE has a 0.20% expense ratio, which is higher than WELC.DE's 0.18% 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
SC0P.DE vs. WELC.DE - Dividend Comparison
SC0P.DE has not paid dividends to shareholders, while WELC.DE's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SC0P.DE Invesco European Autos Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
WELC.DE Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist | 0.81% | 0.93% | 0.83% | 0.73% |
Frequently Asked Questions
SC0P.DE and WELC.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELC.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELC.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC0P.DE.
SC0P.DE tracks STOXX® Europe 600 Optimised Automobiles & Parts, while WELC.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.20% for SC0P.DE and 0.18% for WELC.DE.
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