SC0W.DE vs. DFEN.DE
SC0W.DE (Invesco European Basic Resources Sector UCITS ETF) and DFEN.DE (VanEck Defense UCITS ETF A) are both exchange-traded funds - SC0W.DE is a Industrials Equities fund tracking the STOXX® Europe 600 Optimised Basic Resources, while DFEN.DE is a Aerospace & Defense fund tracking the MarketVector Global Defense Industry Index. Both are passively managed. Over the past year, SC0W.DE returned 84.15% vs 14.03% for DFEN.DE. At a 0.23 correlation, their price movements are largely independent. SC0W.DE charges 0.20%/yr vs 0.55%/yr for DFEN.DE.
Performance
SC0W.DE vs. DFEN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0W.DE achieves a 32.91% return, which is significantly higher than DFEN.DE's 4.02% return.
SC0W.DE
- 1D
- -0.81%
- 1M
- 11.15%
- YTD
- 32.91%
- 6M
- 42.46%
- 1Y
- 84.15%
- 3Y*
- 20.41%
- 5Y*
- 12.13%
- 10Y*
- 17.03%
DFEN.DE
- 1D
- 0.30%
- 1M
- -3.33%
- YTD
- 4.02%
- 6M
- 6.91%
- 1Y
- 14.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SC0W.DE vs. DFEN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SC0W.DE Invesco European Basic Resources Sector UCITS ETF | 32.91% | 33.79% | -7.95% | 3.53% |
DFEN.DE VanEck Defense UCITS ETF A | 4.02% | 50.76% | 51.97% | 8.67% |
Correlation
The correlation between SC0W.DE and DFEN.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2023 | 0.23 |
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Return for Risk
SC0W.DE vs. DFEN.DE — Risk / Return Rank
SC0W.DE
DFEN.DE
SC0W.DE vs. DFEN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Basic Resources Sector UCITS ETF (SC0W.DE) and VanEck Defense UCITS ETF A (DFEN.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.
| SC0W.DE | DFEN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.11 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.75 | 0.75 | +3.99 |
| Martin ratioReturn relative to average drawdown | 18.77 | 1.81 | +16.96 |
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
| SC0W.DE | DFEN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.13 | 0.56 | +2.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 1.75 | -1.47 |
Drawdowns
SC0W.DE vs. DFEN.DE - Drawdown Comparison
The maximum SC0W.DE drawdown since its inception was -68.06%, which is greater than DFEN.DE's maximum drawdown of -18.60%. Use the drawdown chart below to compare losses from any high point for SC0W.DE and DFEN.DE.
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Drawdown Indicators
| SC0W.DE | DFEN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.06% | -18.60% | -49.46% |
Max Drawdown (1Y)Largest decline over 1 year | -17.64% | -18.60% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -34.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.09% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.64% | — | — |
Current DrawdownCurrent decline from peak | -2.54% | -15.21% | +12.67% |
Average DrawdownAverage peak-to-trough decline | -21.96% | -3.27% | -18.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 7.72% | -3.34% |
Volatility
SC0W.DE vs. DFEN.DE - Volatility Comparison
Invesco European Basic Resources Sector UCITS ETF (SC0W.DE) has a higher volatility of 10.17% compared to VanEck Defense UCITS ETF A (DFEN.DE) at 7.38%. This indicates that SC0W.DE's price experiences larger fluctuations and is considered to be riskier than DFEN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0W.DE | DFEN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 7.38% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 22.56% | 19.16% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.72% | 24.79% | +1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.37% | 21.47% | +5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.35% | 21.47% | +6.88% |
SC0W.DE vs. DFEN.DE - Expense Ratio Comparison
SC0W.DE has a 0.20% expense ratio, which is lower than DFEN.DE's 0.55% expense ratio.
Dividends
SC0W.DE vs. DFEN.DE - Dividend Comparison
Neither SC0W.DE nor DFEN.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0W.DE and DFEN.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0W.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0W.DE is cheaper with a 0.20% expense ratio, compared with 0.55% for DFEN.DE.
SC0W.DE is categorized as Industrials Equities, while DFEN.DE is Aerospace & Defense. SC0W.DE tracks STOXX® Europe 600 Optimised Basic Resources, while DFEN.DE tracks MarketVector Global Defense Industry Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.20% for SC0W.DE and 0.55% for DFEN.DE.
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