SC0R.DE vs. WELC.DE

Last updated Jun 5, 2026

SC0R.DE (Invesco European Travel Sector UCITS ETF) and WELC.DE (Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist) are both Consumer Staples Equities funds - SC0R.DE tracks the STOXX® Europe 600 Optimised Travel & Leisure while WELC.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary. Both are passively managed. Over the past 3 years, SC0R.DE returned 6.07%/yr vs 9.08%/yr for WELC.DE. A 0.56 correlation means they provide meaningful diversification when combined. SC0R.DE charges 0.20%/yr vs 0.18%/yr for WELC.DE.

Performance

SC0R.DE vs. WELC.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco European Travel Sector UCITS ETF (SC0R.DE) and Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist (WELC.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SC0R.DE achieves a 0.24% return, which is significantly higher than WELC.DE's -1.47% return.

SC0R.DE

• 1D: 0.49%
• 1M: 11.79%
• YTD: 0.24%
• 6M: 5.38%
• 1Y: 8.65%
• 3Y*: 6.07%
• 5Y*: 2.45%
• 10Y*: 3.85%

WELC.DE

• 1D: 0.30%
• 1M: -0.33%
• YTD: -1.47%
• 6M: -1.22%
• 1Y: 6.53%
• 3Y*: 9.08%
• 5Y*: —
• 10Y*: —

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

SC0R.DE vs. WELC.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SC0R.DE Invesco European Travel Sector UCITS ETF	0.24%	6.02%	14.47%	24.44%	12.29%
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 SC0R.DE and WELC.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022	0.56

The correlation between SC0R.DE and WELC.DE has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.

Return for Risk

SC0R.DE vs. WELC.DE — Risk / Return Rank

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

SC0R.DE

SC0R.DE Risk / Return Rank: 16
SC0R.DE Sharpe Ratio Rank: 15
SC0R.DE Sortino Ratio Rank: 17
SC0R.DE Omega Ratio Rank: 15
SC0R.DE Calmar Ratio Rank: 17
SC0R.DE Martin Ratio Rank: 16

WELC.DE

WELC.DE Risk / Return Rank: 15
WELC.DE Sharpe Ratio Rank: 15
WELC.DE Sortino Ratio Rank: 15
WELC.DE Omega Ratio Rank: 15
WELC.DE Calmar Ratio Rank: 15
WELC.DE Martin Ratio Rank: 15

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.

SC0R.DE vs. WELC.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco European Travel Sector UCITS ETF (SC0R.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.

	SC0R.DE	WELC.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.39	0.39	0.00
Sortino ratio: Return per unit of downside risk	0.78	0.66	+0.12
Omega ratio: Gain probability vs. loss probability	1.09	1.08	+0.01
Calmar ratio: Return relative to maximum drawdown	0.61	0.44	+0.16
Martin ratio: Return relative to average drawdown	1.44	1.21	+0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SC0R.DE vs. WELC.DE - Sharpe Ratio Comparison

The current SC0R.DE Sharpe Ratio is 0.39, which is comparable to the WELC.DE Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of SC0R.DE and WELC.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

	SC0R.DE	WELC.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	0.39	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.60	-0.21

Drawdowns

SC0R.DE vs. WELC.DE - Drawdown Comparison

The maximum SC0R.DE drawdown since its inception was -55.64%, 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 SC0R.DE and WELC.DE.

Drawdown Indicators

	SC0R.DE	WELC.DE	Difference
Max Drawdown Largest peak-to-trough decline	-55.64%	-28.15%	-27.49%
Max Drawdown (1Y) Largest decline over 1 year	-14.20%	-14.64%	+0.44%
Max Drawdown (3Y) Largest decline over 3 years	-24.76%	-28.15%	+3.39%
Max Drawdown (5Y) Largest decline over 5 years	-38.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-55.64%	—	—
Current Drawdown Current decline from peak	-1.42%	-10.11%	+8.69%
Average Drawdown Average peak-to-trough decline	-10.37%	-6.71%	-3.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.99%	5.38%	+0.61%

Volatility

SC0R.DE vs. WELC.DE - Volatility Comparison

Invesco European Travel Sector UCITS ETF (SC0R.DE) has a higher volatility of 5.86% compared to Amundi S&P Global Consumer Discretionary ESG UCITS ETF EUR Dist (WELC.DE) at 4.86%. This indicates that SC0R.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.

Volatility by Period

	SC0R.DE	WELC.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.86%	4.86%	+1.00%
Volatility (6M) Calculated over the trailing 6-month period	17.72%	12.32%	+5.40%
Volatility (1Y) Calculated over the trailing 1-year period	21.97%	16.52%	+5.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.86%	18.03%	+5.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.89%	18.03%	+6.86%

SC0R.DE vs. WELC.DE - Expense Ratio Comparison

SC0R.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

SC0R.DE vs. WELC.DE - Dividend Comparison

SC0R.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
SC0R.DE Invesco European Travel 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

Can I hold both SC0R.DE and WELC.DE in my portfolio?

SC0R.DE and WELC.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SC0R.DE or WELC.DE?

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.

Which ETF is cheaper, SC0R.DE or WELC.DE?

WELC.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC0R.DE.

What is the main difference between SC0R.DE and WELC.DE?

SC0R.DE tracks STOXX® Europe 600 Optimised Travel & Leisure, 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 SC0R.DE and 0.18% for WELC.DE.