SC0V.DE vs. SPYN.DE
SC0V.DE (Invesco European Oil & Gas Sector UCITS ETF) and SPYN.DE (SPDR MSCI Europe Energy UCITS ETF) are both Energy Equities funds - SC0V.DE tracks the STOXX® Europe 600 Optimised Oil & Gas while SPYN.DE tracks the MSCI Europe Energy 20/35 Capped. Both are passively managed. Over the past 10 years, SC0V.DE returned 11.36%/yr vs 11.20%/yr for SPYN.DE. Their correlation of 0.94 suggests significant overlap in exposure. SC0V.DE charges 0.20%/yr vs 0.18%/yr for SPYN.DE.
Performance
SC0V.DE vs. SPYN.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SC0V.DE having a 34.01% return and SPYN.DE slightly higher at 35.04%. Both investments have delivered pretty close results over the past 10 years, with SC0V.DE having a 11.36% annualized return and SPYN.DE not far behind at 11.20%.
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%
SPYN.DE
- 1D
- -0.92%
- 1M
- 1.47%
- YTD
- 35.04%
- 6M
- 32.60%
- 1Y
- 54.32%
- 3Y*
- 17.57%
- 5Y*
- 19.95%
- 10Y*
- 11.20%
SC0V.DE vs. SPYN.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% |
SPYN.DE SPDR MSCI Europe Energy UCITS ETF | 35.04% | 14.83% | -5.83% | 8.31% | 37.38% | 35.64% | -31.15% | 10.33% | -0.63% | 5.40% |
Correlation
The correlation between SC0V.DE and SPYN.DE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2010 | 0.94 |
The correlation between SC0V.DE and SPYN.DE shifts across timeframes, from 0.85 (1 year) to 0.95 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SC0V.DE vs. SPYN.DE — Risk / Return Rank
SC0V.DE
SPYN.DE
SC0V.DE vs. SPYN.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 SPDR MSCI Europe Energy UCITS ETF (SPYN.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 | SPYN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.42 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 7.93 | 4.55 | +3.38 |
| Martin ratioReturn relative to average drawdown | 28.20 | 14.57 | +13.63 |
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 | SPYN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.19 | 2.44 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.83 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.43 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.30 | +0.04 |
Drawdowns
SC0V.DE vs. SPYN.DE - Drawdown Comparison
The maximum SC0V.DE drawdown since its inception was -57.15%, roughly equal to the maximum SPYN.DE drawdown of -58.67%. Use the drawdown chart below to compare losses from any high point for SC0V.DE and SPYN.DE.
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Drawdown Indicators
| SC0V.DE | SPYN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.15% | -58.67% | +1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -7.35% | -11.89% | +4.54% |
Max Drawdown (3Y)Largest decline over 3 years | -22.22% | -26.54% | +4.32% |
Max Drawdown (5Y)Largest decline over 5 years | -22.22% | -26.54% | +4.32% |
Max Drawdown (10Y)Largest decline over 10 years | -57.15% | -58.67% | +1.52% |
Current DrawdownCurrent decline from peak | -5.05% | -6.51% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -11.42% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 3.72% | -1.65% |
Volatility
SC0V.DE vs. SPYN.DE - Volatility Comparison
The current volatility for Invesco European Oil & Gas Sector UCITS ETF (SC0V.DE) is 6.07%, while SPDR MSCI Europe Energy UCITS ETF (SPYN.DE) has a volatility of 7.11%. This indicates that SC0V.DE experiences smaller price fluctuations and is considered to be less risky than SPYN.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 | SPYN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 7.11% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 19.17% | -4.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 22.25% | -3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.74% | 23.69% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.93% | 26.06% | -2.13% |
SC0V.DE vs. SPYN.DE - Expense Ratio Comparison
SC0V.DE has a 0.20% expense ratio, which is higher than SPYN.DE's 0.18% 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. SPYN.DE - Dividend Comparison
Neither SC0V.DE nor SPYN.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0V.DE and SPYN.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYN.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYN.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC0V.DE.
SC0V.DE tracks STOXX® Europe 600 Optimised Oil & Gas, while SPYN.DE tracks MSCI Europe Energy 20/35 Capped. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.20% for SC0V.DE and 0.18% for SPYN.DE.
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