SC0V.DE vs. RENW.DE
SC0V.DE (Invesco European Oil & Gas Sector UCITS ETF) and RENW.DE (L&G Clean Energy UCITS ETF) are both Energy Equities funds - SC0V.DE tracks the STOXX® Europe 600 Optimised Oil & Gas while RENW.DE tracks the Solactive Clean Energy. Both are passively managed. Over the past 5 years, SC0V.DE returned 19.52%/yr vs 9.15%/yr for RENW.DE. At a 0.44 correlation, their price movements are largely independent. SC0V.DE charges 0.20%/yr vs 0.49%/yr for RENW.DE.
Performance
SC0V.DE vs. RENW.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 lower than RENW.DE's 43.00% 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%
RENW.DE
- 1D
- -1.77%
- 1M
- 4.00%
- YTD
- 43.00%
- 6M
- 41.28%
- 1Y
- 80.41%
- 3Y*
- 15.60%
- 5Y*
- 9.15%
- 10Y*
- —
SC0V.DE vs. RENW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SC0V.DE Invesco European Oil & Gas Sector UCITS ETF | 34.01% | 29.15% | -5.65% | 5.37% | 30.86% | 20.64% | 13.86% |
RENW.DE L&G Clean Energy UCITS ETF | 43.00% | 35.27% | -9.64% | -11.30% | -3.32% | 1.09% | 18.53% |
Correlation
The correlation between SC0V.DE and RENW.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020 | 0.44 |
The correlation between SC0V.DE and RENW.DE shifts across timeframes, from 0.32 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SC0V.DE vs. RENW.DE — Risk / Return Rank
SC0V.DE
RENW.DE
SC0V.DE vs. RENW.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 L&G Clean Energy UCITS ETF (RENW.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 | RENW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.56 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 7.93 | 9.22 | -1.30 |
| Martin ratioReturn relative to average drawdown | 28.20 | 34.50 | -6.30 |
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 | RENW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.19 | 3.49 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.41 | +0.48 |
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 | 0.49 | -0.15 |
Drawdowns
SC0V.DE vs. RENW.DE - Drawdown Comparison
The maximum SC0V.DE drawdown since its inception was -57.15%, which is greater than RENW.DE's maximum drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for SC0V.DE and RENW.DE.
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Drawdown Indicators
| SC0V.DE | RENW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.15% | -43.93% | -13.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -8.63% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -22.22% | -35.00% | +12.78% |
Max Drawdown (5Y)Largest decline over 5 years | -22.22% | -42.30% | +20.08% |
Max Drawdown (10Y)Largest decline over 10 years | -57.15% | — | — |
Current DrawdownCurrent decline from peak | -5.05% | -3.64% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -17.33% | +6.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.31% | -0.24% |
Volatility
SC0V.DE vs. RENW.DE - Volatility Comparison
The current volatility for Invesco European Oil & Gas Sector UCITS ETF (SC0V.DE) is 6.07%, while L&G Clean Energy UCITS ETF (RENW.DE) has a volatility of 8.24%. This indicates that SC0V.DE experiences smaller price fluctuations and is considered to be less risky than RENW.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 | RENW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 8.24% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 16.85% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 22.80% | -4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 22.02% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.93% | 22.48% | +1.45% |
SC0V.DE vs. RENW.DE - Expense Ratio Comparison
SC0V.DE has a 0.20% expense ratio, which is lower than RENW.DE's 0.49% expense ratio.
Dividends
SC0V.DE vs. RENW.DE - Dividend Comparison
Neither SC0V.DE nor RENW.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0V.DE and RENW.DE have a correlation of 0.32, 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 0.49% for RENW.DE.
SC0V.DE tracks STOXX® Europe 600 Optimised Oil & Gas, while RENW.DE tracks Solactive Clean Energy. They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.20% for SC0V.DE and 0.49% for RENW.DE.
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