SC0Q.DE vs. SPYT.DE
SC0Q.DE (Invesco European Telecoms Sector UCITS ETF) and SPYT.DE (SPDR MSCI Europe Communication Services UCITS ETF) are both Communications Equities funds - SC0Q.DE tracks the STOXX® Europe 600 Optimised Telecommunications while SPYT.DE tracks the MSCI Europe Communication Services 20/35 Capped. Both are passively managed. Over the past 10 years, SC0Q.DE returned 3.62%/yr vs 1.47%/yr for SPYT.DE. Their correlation of 0.92 suggests significant overlap in exposure. SC0Q.DE charges 0.20%/yr vs 0.18%/yr for SPYT.DE.
Performance
SC0Q.DE vs. SPYT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0Q.DE achieves a 28.44% return, which is significantly higher than SPYT.DE's 3.11% return. Over the past 10 years, SC0Q.DE has outperformed SPYT.DE with an annualized return of 3.62%, while SPYT.DE has yielded a comparatively lower 1.47% annualized return.
SC0Q.DE
- 1D
- -1.92%
- 1M
- 3.62%
- YTD
- 28.44%
- 6M
- 31.77%
- 1Y
- 29.09%
- 3Y*
- 21.31%
- 5Y*
- 10.30%
- 10Y*
- 3.62%
SPYT.DE
- 1D
- -0.08%
- 1M
- 2.62%
- YTD
- 3.11%
- 6M
- 5.27%
- 1Y
- -7.75%
- 3Y*
- 10.29%
- 5Y*
- 5.43%
- 10Y*
- 1.47%
SC0Q.DE vs. SPYT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0Q.DE Invesco European Telecoms Sector UCITS ETF | 28.44% | 18.07% | 18.98% | 5.91% | -14.81% | 15.27% | -14.17% | 4.16% | -8.37% | -0.09% |
SPYT.DE SPDR MSCI Europe Communication Services UCITS ETF | 3.11% | 7.33% | 14.79% | 14.90% | -11.90% | 13.68% | -12.90% | 5.78% | -9.57% | 2.27% |
Correlation
The correlation between SC0Q.DE and SPYT.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.92 |
Over the past year, the correlation between SC0Q.DE and SPYT.DE has dropped to 0.66 - well below their long-term average of 0.92, suggesting their price drivers have been diverging.
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Return for Risk
SC0Q.DE vs. SPYT.DE — Risk / Return Rank
SC0Q.DE
SPYT.DE
SC0Q.DE vs. SPYT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Telecoms Sector UCITS ETF (SC0Q.DE) and SPDR MSCI Europe Communication Services UCITS ETF (SPYT.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.
| SC0Q.DE | SPYT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.52 | ||
| Sortino ratioReturn per unit of downside risk | +3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.92 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | -0.52 | +4.23 |
| Martin ratioReturn relative to average drawdown | 8.87 | -0.97 | +9.84 |
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
| SC0Q.DE | SPYT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | -0.58 | +2.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.40 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.09 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.23 | +0.10 |
Drawdowns
SC0Q.DE vs. SPYT.DE - Drawdown Comparison
The maximum SC0Q.DE drawdown since its inception was -48.95%, roughly equal to the maximum SPYT.DE drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for SC0Q.DE and SPYT.DE.
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Drawdown Indicators
| SC0Q.DE | SPYT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.95% | -49.63% | +0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -14.98% | +7.18% |
Max Drawdown (3Y)Largest decline over 3 years | -9.73% | -14.98% | +5.25% |
Max Drawdown (5Y)Largest decline over 5 years | -21.66% | -20.35% | -1.31% |
Max Drawdown (10Y)Largest decline over 10 years | -38.17% | -40.09% | +1.92% |
Current DrawdownCurrent decline from peak | -2.05% | -8.46% | +6.41% |
Average DrawdownAverage peak-to-trough decline | -19.11% | -18.83% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 7.65% | -4.51% |
Volatility
SC0Q.DE vs. SPYT.DE - Volatility Comparison
Invesco European Telecoms Sector UCITS ETF (SC0Q.DE) has a higher volatility of 6.36% compared to SPDR MSCI Europe Communication Services UCITS ETF (SPYT.DE) at 4.21%. This indicates that SC0Q.DE's price experiences larger fluctuations and is considered to be riskier than SPYT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0Q.DE | SPYT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 4.21% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.07% | 10.43% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.95% | 13.45% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.07% | 13.48% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 15.67% | +0.33% |
SC0Q.DE vs. SPYT.DE - Expense Ratio Comparison
SC0Q.DE has a 0.20% expense ratio, which is higher than SPYT.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
SC0Q.DE vs. SPYT.DE - Dividend Comparison
Neither SC0Q.DE nor SPYT.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0Q.DE and SPYT.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYT.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYT.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC0Q.DE.
SC0Q.DE tracks STOXX® Europe 600 Optimised Telecommunications, while SPYT.DE tracks MSCI Europe Communication Services 20/35 Capped. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.20% for SC0Q.DE and 0.18% for SPYT.DE.
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