SC0T.DE vs. P500.DE
SC0T.DE (Invesco European Health Care Sector UCITS ETF) and P500.DE (Invesco S&P 500 UCITS ETF) are both exchange-traded funds - SC0T.DE is a Health & Biotech Equities fund tracking the STOXX® Europe 600 Optimised Health Care, while P500.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SC0T.DE returned 5.80%/yr vs 15.16%/yr for P500.DE. A 0.56 correlation means they provide meaningful diversification when combined. SC0T.DE charges 0.20%/yr vs 0.05%/yr for P500.DE.
Performance
SC0T.DE vs. P500.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0T.DE achieves a -3.57% return, which is significantly lower than P500.DE's 11.47% return. Over the past 10 years, SC0T.DE has underperformed P500.DE with an annualized return of 5.80%, while P500.DE has yielded a comparatively higher 15.16% annualized return.
SC0T.DE
- 1D
- 2.93%
- 1M
- 0.25%
- YTD
- -3.57%
- 6M
- -2.50%
- 1Y
- 2.66%
- 3Y*
- 2.80%
- 5Y*
- 4.81%
- 10Y*
- 5.80%
P500.DE
- 1D
- -0.10%
- 1M
- 4.39%
- YTD
- 11.47%
- 6M
- 10.93%
- 1Y
- 25.73%
- 3Y*
- 19.07%
- 5Y*
- 14.99%
- 10Y*
- 15.16%
SC0T.DE vs. P500.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0T.DE Invesco European Health Care Sector UCITS ETF | -3.57% | 8.45% | 6.96% | 5.35% | -7.56% | 25.20% | -1.18% | 32.22% | -1.43% | 4.65% |
P500.DE Invesco S&P 500 UCITS ETF | 11.47% | 4.88% | 32.56% | 22.69% | -14.05% | 41.05% | 7.04% | 34.88% | -0.84% | 6.71% |
Correlation
The correlation between SC0T.DE and P500.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2011 | 0.56 |
Over the past year, the correlation between SC0T.DE and P500.DE has dropped to 0.26 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
SC0T.DE vs. P500.DE — Risk / Return Rank
SC0T.DE
P500.DE
SC0T.DE vs. P500.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Health Care Sector UCITS ETF (SC0T.DE) and Invesco S&P 500 UCITS ETF (P500.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.
| SC0T.DE | P500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.41 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.24 | 3.62 | -3.37 |
| Martin ratioReturn relative to average drawdown | 0.56 | 12.91 | -12.35 |
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
| SC0T.DE | P500.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 2.23 | -2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.98 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.94 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.01 | -0.38 |
Drawdowns
SC0T.DE vs. P500.DE - Drawdown Comparison
The maximum SC0T.DE drawdown since its inception was -26.52%, smaller than the maximum P500.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for SC0T.DE and P500.DE.
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Drawdown Indicators
| SC0T.DE | P500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.52% | -33.78% | +7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -7.11% | -5.76% |
Max Drawdown (3Y)Largest decline over 3 years | -21.67% | -23.34% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -21.67% | -23.34% | +1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -26.52% | -33.78% | +7.26% |
Current DrawdownCurrent decline from peak | -9.59% | -0.40% | -9.19% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -3.85% | -2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 1.99% | +3.59% |
Volatility
SC0T.DE vs. P500.DE - Volatility Comparison
Invesco European Health Care Sector UCITS ETF (SC0T.DE) has a higher volatility of 5.31% compared to Invesco S&P 500 UCITS ETF (P500.DE) at 2.65%. This indicates that SC0T.DE's price experiences larger fluctuations and is considered to be riskier than P500.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0T.DE | P500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.31% | 2.65% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.43% | 7.59% | +3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 11.52% | +4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 15.17% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 16.07% | -0.68% |
SC0T.DE vs. P500.DE - Expense Ratio Comparison
SC0T.DE has a 0.20% expense ratio, which is higher than P500.DE's 0.05% 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
SC0T.DE vs. P500.DE - Dividend Comparison
Neither SC0T.DE nor P500.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0T.DE and P500.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, P500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
P500.DE is cheaper with a 0.05% expense ratio, compared with 0.20% for SC0T.DE.
SC0T.DE is categorized as Health & Biotech Equities, while P500.DE is S&P 500. SC0T.DE tracks STOXX® Europe 600 Optimised Health Care, while P500.DE tracks S&P 500 Index. Their fees differ too: 0.20% for SC0T.DE and 0.05% for P500.DE.
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