SC0U.DE vs. S7XE.DE
SC0U.DE (Invesco European Banks Sector UCITS ETF) and S7XE.DE (Invesco EURO STOXX Optimised Banks UCITS ETF) are both Financials Equities funds from Invesco - SC0U.DE tracks the STOXX® Europe 600 Optimised Banks while S7XE.DE tracks the EURO STOXX® Optimised Banks. Both are passively managed. Over the past 10 years, SC0U.DE returned 13.83%/yr vs 14.41%/yr for S7XE.DE. With a 0.95 correlation, they move nearly in lockstep. SC0U.DE charges 0.20%/yr vs 0.30%/yr for S7XE.DE.
Performance
SC0U.DE vs. S7XE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0U.DE achieves a 5.95% return, which is significantly higher than S7XE.DE's 4.99% return. Both investments have delivered pretty close results over the past 10 years, with SC0U.DE having a 13.83% annualized return and S7XE.DE not far ahead at 14.41%.
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%
S7XE.DE
- 1D
- 1.09%
- 1M
- 6.30%
- YTD
- 4.99%
- 6M
- 11.64%
- 1Y
- 38.45%
- 3Y*
- 44.23%
- 5Y*
- 28.00%
- 10Y*
- 14.41%
SC0U.DE vs. S7XE.DE - 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% | 10.92% |
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 4.99% | 86.82% | 30.66% | 28.83% | 0.46% | 39.15% | -23.11% | 18.12% | -32.15% | 14.80% |
Correlation
The correlation between SC0U.DE and S7XE.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2011 | 0.95 |
The correlation between SC0U.DE and S7XE.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
SC0U.DE vs. S7XE.DE — Risk / Return Rank
SC0U.DE
S7XE.DE
SC0U.DE vs. S7XE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Banks Sector UCITS ETF (SC0U.DE) and Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.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.
| SC0U.DE | S7XE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.20 | +0.17 |
| Martin ratioReturn relative to average drawdown | 7.76 | 6.92 | +0.84 |
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
| SC0U.DE | S7XE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 1.59 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.14 | 1.08 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.50 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.24 | +0.03 |
Drawdowns
SC0U.DE vs. S7XE.DE - Drawdown Comparison
The maximum SC0U.DE drawdown since its inception was -60.69%, smaller than the maximum S7XE.DE drawdown of -65.33%. Use the drawdown chart below to compare losses from any high point for SC0U.DE and S7XE.DE.
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Drawdown Indicators
| SC0U.DE | S7XE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.69% | -65.33% | +4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -17.42% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | -19.82% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -29.85% | -35.42% | +5.57% |
Max Drawdown (10Y)Largest decline over 10 years | -56.61% | -63.10% | +6.49% |
Current DrawdownCurrent decline from peak | -1.85% | -2.02% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -20.40% | -23.01% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.10% | 5.54% | -0.44% |
Volatility
SC0U.DE vs. S7XE.DE - Volatility Comparison
Invesco European Banks Sector UCITS ETF (SC0U.DE) and Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) have volatilities of 6.03% and 6.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0U.DE | S7XE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 6.10% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 18.45% | 19.27% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.74% | 24.08% | -1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.64% | 25.60% | -1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.62% | 28.66% | -3.04% |
SC0U.DE vs. S7XE.DE - Expense Ratio Comparison
SC0U.DE has a 0.20% expense ratio, which is lower than S7XE.DE's 0.30% expense ratio.
Dividends
SC0U.DE vs. S7XE.DE - Dividend Comparison
Neither SC0U.DE nor S7XE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, SC0U.DE and S7XE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SC0U.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0U.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for S7XE.DE.
SC0U.DE tracks STOXX® Europe 600 Optimised Banks, while S7XE.DE tracks EURO STOXX® Optimised Banks. Their fees differ too: 0.20% for SC0U.DE and 0.30% for S7XE.DE.
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