SC0V.DE vs. ENGW.L
SC0V.DE (Invesco European Oil & Gas Sector UCITS ETF) and ENGW.L (SPDR MSCI World Energy UCITS ETF) are both Energy Equities funds - SC0V.DE tracks the STOXX® Europe 600 Optimised Oil & Gas while ENGW.L tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, SC0V.DE returned 21.14%/yr vs 15.53%/yr for ENGW.L. A 0.79 correlation means they provide meaningful diversification when combined. SC0V.DE charges 0.20%/yr vs 0.30%/yr for ENGW.L.
Performance
SC0V.DE vs. ENGW.L - Performance Comparison
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Different Trading Currencies
SC0V.DE is traded in EUR, while ENGW.L is traded in GBP. To make them comparable, the ENGW.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SC0V.DE achieves a 34.01% return, which is significantly higher than ENGW.L's 31.96% return.
SC0V.DE
- 1D
- -0.63%
- 1M
- -2.25%
- YTD
- 34.01%
- 6M
- 32.79%
- 1Y
- 58.80%
- 3Y*
- 21.14%
- 5Y*
- 19.52%
- 10Y*
- 11.36%
ENGW.L
- 1D
- -0.61%
- 1M
- -1.01%
- YTD
- 31.96%
- 6M
- 29.35%
- 1Y
- 44.95%
- 3Y*
- 15.53%
- 5Y*
- —
- 10Y*
- —
SC0V.DE vs. ENGW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SC0V.DE Invesco European Oil & Gas Sector UCITS ETF | 34.01% | 29.15% | -5.65% | 5.37% | 13.78% |
ENGW.L SPDR MSCI World Energy UCITS ETF | 31.98% | 1.60% | 8.55% | 0.01% | 13.99% |
Correlation
The correlation between SC0V.DE and ENGW.L is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.79 |
The correlation between SC0V.DE and ENGW.L has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.
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Return for Risk
SC0V.DE vs. ENGW.L — Risk / Return Rank
SC0V.DE
ENGW.L
SC0V.DE vs. ENGW.L - 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 SPDR MSCI World Energy UCITS ETF (ENGW.L). 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 | ENGW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.37 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 7.93 | 3.04 | +4.88 |
| Martin ratioReturn relative to average drawdown | 28.20 | 10.18 | +18.02 |
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 | ENGW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.19 | 2.10 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.56 | -0.21 |
Drawdowns
SC0V.DE vs. ENGW.L - Drawdown Comparison
The maximum SC0V.DE drawdown since its inception was -57.15%, which is greater than ENGW.L's maximum drawdown of -23.64%. Use the drawdown chart below to compare losses from any high point for SC0V.DE and ENGW.L.
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Drawdown Indicators
| SC0V.DE | ENGW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.15% | -23.64% | -33.51% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -14.70% | +7.35% |
Max Drawdown (3Y)Largest decline over 3 years | -22.22% | -23.64% | +1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -22.22% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.15% | — | — |
Current DrawdownCurrent decline from peak | -5.05% | -7.14% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -8.84% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 4.40% | -2.33% |
Volatility
SC0V.DE vs. ENGW.L - Volatility Comparison
The current volatility for Invesco European Oil & Gas Sector UCITS ETF (SC0V.DE) is 6.07%, while SPDR MSCI World Energy UCITS ETF (ENGW.L) has a volatility of 8.18%. This indicates that SC0V.DE experiences smaller price fluctuations and is considered to be less risky than ENGW.L 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 | ENGW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 8.18% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 18.25% | -3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 21.39% | -3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 23.29% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.93% | 23.29% | +0.64% |
SC0V.DE vs. ENGW.L - Expense Ratio Comparison
SC0V.DE has a 0.20% expense ratio, which is lower than ENGW.L's 0.30% expense ratio.
Dividends
SC0V.DE vs. ENGW.L - Dividend Comparison
Neither SC0V.DE nor ENGW.L has paid dividends to shareholders.
Frequently Asked Questions
SC0V.DE and ENGW.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0V.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0V.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for ENGW.L.
SC0V.DE tracks STOXX® Europe 600 Optimised Oil & Gas, while ENGW.L tracks MSCI World/Energy NR USD. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.20% for SC0V.DE and 0.30% for ENGW.L.
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