SC0U.DE vs. ARGX
SC0U.DE (Invesco European Banks Sector UCITS ETF) is Financials Equities fund tracking the STOXX® Europe 600 Optimised Banks, while ARGX (argenx SE) is a stock. Over the past 5 years, SC0U.DE returned 27.34%/yr vs 26.72%/yr for ARGX. At a 0.05 correlation, their price movements are largely independent.
Performance
SC0U.DE vs. ARGX - Performance Comparison
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Different Trading Currencies
SC0U.DE is traded in EUR, while ARGX is traded in USD. To make them comparable, the ARGX values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SC0U.DE achieves a 5.95% return, which is significantly higher than ARGX's 1.30% return.
SC0U.DE
- 1D
- 0.62%
- 1M
- 6.28%
- YTD
- 5.95%
- 6M
- 12.82%
- 1Y
- 39.72%
- 3Y*
- 42.79%
- 5Y*
- 27.34%
- 10Y*
- 13.83%
ARGX
- 1D
- 3.44%
- 1M
- 6.69%
- YTD
- 1.30%
- 6M
- -7.80%
- 1Y
- 44.40%
- 3Y*
- 24.48%
- 5Y*
- 26.72%
- 10Y*
- —
SC0U.DE vs. ARGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0U.DE Invesco European Banks Sector UCITS ETF | 5.95% | 79.97% | 32.49% | 25.93% | -0.07% | 37.72% | -22.62% | 15.49% | -26.78% | 0.97% |
ARGX argenx SE | 1.30% | 20.51% | 72.33% | -2.59% | 14.88% | 27.98% | 68.11% | 70.86% | 59.30% | 153.86% |
Correlation
The correlation between SC0U.DE and ARGX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 19, 2017 | 0.05 |
The correlation between SC0U.DE and ARGX shifts across timeframes, from 0.02 (5 years) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SC0U.DE vs. ARGX — Risk / Return Rank
SC0U.DE
ARGX
SC0U.DE vs. ARGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Banks Sector UCITS ETF (SC0U.DE) and argenx SE (ARGX). 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.
| SC0U.DE | ARGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 1.57 | +0.80 |
| Martin ratioReturn relative to average drawdown | 7.76 | 3.93 | +3.83 |
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
| SC0U.DE | ARGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 1.52 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 0.69 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.96 | -0.69 |
Drawdowns
SC0U.DE vs. ARGX - Drawdown Comparison
The maximum SC0U.DE drawdown since its inception was -60.69%, which is greater than ARGX's maximum drawdown of -37.47%. Use the drawdown chart below to compare losses from any high point for SC0U.DE and ARGX.
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Drawdown Indicators
| SC0U.DE | ARGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.69% | -37.47% | -23.22% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -28.45% | +11.75% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | -37.47% | +17.65% |
Max Drawdown (5Y)Largest decline over 5 years | -29.85% | -37.47% | +7.62% |
Max Drawdown (10Y)Largest decline over 10 years | -56.61% | — | — |
Current DrawdownCurrent decline from peak | -1.85% | -9.57% | +7.72% |
Average DrawdownAverage peak-to-trough decline | -20.40% | -11.00% | -9.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.10% | 11.32% | -6.22% |
Volatility
SC0U.DE vs. ARGX - Volatility Comparison
The current volatility for Invesco European Banks Sector UCITS ETF (SC0U.DE) is 6.03%, while argenx SE (ARGX) has a volatility of 10.13%. This indicates that SC0U.DE experiences smaller price fluctuations and is considered to be less risky than ARGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0U.DE | ARGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 10.13% | -4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 18.45% | 20.36% | -1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.74% | 29.33% | -6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.64% | 38.67% | -15.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.62% | 50.50% | -24.88% |
Dividends
SC0U.DE vs. ARGX - Dividend Comparison
Neither SC0U.DE nor ARGX has paid dividends to shareholders.
Frequently Asked Questions
SC0U.DE and ARGX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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