SC0V.DE vs. 4GLD.DE
SC0V.DE (Invesco European Oil & Gas Sector UCITS ETF) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - SC0V.DE is a Energy Equities fund tracking the STOXX® Europe 600 Optimised Oil & Gas, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, SC0V.DE returned 11.36%/yr vs 13.36%/yr for 4GLD.DE. At a 0.04 correlation, their price movements are largely independent. SC0V.DE charges 0.20%/yr vs 0.00%/yr for 4GLD.DE.
Performance
SC0V.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0V.DE achieves a 34.01% return, which is significantly higher than 4GLD.DE's 2.80% return. Over the past 10 years, SC0V.DE has underperformed 4GLD.DE with an annualized return of 11.36%, while 4GLD.DE has yielded a comparatively higher 13.36% annualized return.
SC0V.DE
- 1D
- -0.63%
- 1M
- -5.05%
- YTD
- 34.01%
- 6M
- 31.68%
- 1Y
- 58.57%
- 3Y*
- 21.14%
- 5Y*
- 19.52%
- 10Y*
- 11.36%
4GLD.DE
- 1D
- 0.57%
- 1M
- -1.56%
- YTD
- 2.80%
- 6M
- 6.42%
- 1Y
- 30.27%
- 3Y*
- 28.18%
- 5Y*
- 19.85%
- 10Y*
- 13.36%
SC0V.DE vs. 4GLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0V.DE Invesco European Oil & Gas Sector UCITS ETF | 34.01% | 29.15% | -5.65% | 5.37% | 30.86% | 20.64% | -20.83% | 10.41% | -0.18% | 2.31% |
4GLD.DE Xetra-Gold | 2.80% | 49.32% | 34.57% | 9.32% | 7.12% | 4.03% | 13.05% | 21.25% | 3.20% | -1.67% |
Correlation
The correlation between SC0V.DE and 4GLD.DE is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2009 | 0.04 |
The correlation between SC0V.DE and 4GLD.DE shifts across timeframes, from 0.02 (10 years) to 0.12 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SC0V.DE vs. 4GLD.DE — Risk / Return Rank
SC0V.DE
4GLD.DE
SC0V.DE vs. 4GLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Oil & Gas Sector UCITS ETF (SC0V.DE) and Xetra-Gold (4GLD.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.
| SC0V.DE | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.26 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 7.93 | 1.82 | +6.10 |
| Martin ratioReturn relative to average drawdown | 28.20 | 4.63 | +23.57 |
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
| SC0V.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.19 | 1.31 | +1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 1.23 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.92 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.65 | -0.30 |
Drawdowns
SC0V.DE vs. 4GLD.DE - Drawdown Comparison
The maximum SC0V.DE drawdown since its inception was -57.15%, which is greater than 4GLD.DE's maximum drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for SC0V.DE and 4GLD.DE.
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Drawdown Indicators
| SC0V.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.15% | -36.79% | -20.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -16.54% | +9.19% |
Max Drawdown (3Y)Largest decline over 3 years | -22.22% | -16.54% | -5.68% |
Max Drawdown (5Y)Largest decline over 5 years | -22.22% | -16.54% | -5.68% |
Max Drawdown (10Y)Largest decline over 10 years | -57.15% | -18.23% | -38.92% |
Current DrawdownCurrent decline from peak | -5.05% | -14.95% | +9.90% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -11.83% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 6.52% | -4.45% |
Volatility
SC0V.DE vs. 4GLD.DE - Volatility Comparison
Invesco European Oil & Gas Sector UCITS ETF (SC0V.DE) has a higher volatility of 6.07% compared to Xetra-Gold (4GLD.DE) at 5.09%. This indicates that SC0V.DE's price experiences larger fluctuations and is considered to be riskier than 4GLD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0V.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 5.09% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 20.09% | -5.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 23.06% | -4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 16.00% | +5.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.93% | 14.37% | +9.56% |
SC0V.DE vs. 4GLD.DE - Expense Ratio Comparison
SC0V.DE has a 0.20% expense ratio, which is higher than 4GLD.DE's 0.00% 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
SC0V.DE vs. 4GLD.DE - Dividend Comparison
Neither SC0V.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0V.DE and 4GLD.DE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4GLD.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4GLD.DE is cheaper with a 0.00% expense ratio, compared with 0.20% for SC0V.DE.
SC0V.DE is categorized as Energy Equities, while 4GLD.DE is Gold. SC0V.DE tracks STOXX® Europe 600 Optimised Oil & Gas, while 4GLD.DE tracks LBMA Gold Price. They also come from different issuers: Invesco and Deutsche Börse Commodities. Their fees differ too: 0.20% for SC0V.DE and 0.00% for 4GLD.DE.
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