SC0W.DE vs. SPYP.DE
SC0W.DE (Invesco European Basic Resources Sector UCITS ETF) and SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) are both Industrials Equities funds - SC0W.DE tracks the STOXX® Europe 600 Optimised Basic Resources while SPYP.DE tracks the MSCI Europe Materials 20/35 Capped. Both are passively managed. Over the past 10 years, SC0W.DE returned 17.03%/yr vs 11.05%/yr for SPYP.DE. Their correlation of 0.88 suggests significant overlap in exposure. SC0W.DE charges 0.20%/yr vs 0.18%/yr for SPYP.DE.
Performance
SC0W.DE vs. SPYP.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 SPYP.DE's 17.42% return. Over the past 10 years, SC0W.DE has outperformed SPYP.DE with an annualized return of 17.03%, while SPYP.DE has yielded a comparatively lower 11.05% annualized 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%
SPYP.DE
- 1D
- -0.40%
- 1M
- 5.89%
- YTD
- 17.42%
- 6M
- 21.88%
- 1Y
- 25.97%
- 3Y*
- 12.38%
- 5Y*
- 6.68%
- 10Y*
- 11.05%
SC0W.DE vs. SPYP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0W.DE Invesco European Basic Resources Sector UCITS ETF | 32.91% | 33.79% | -7.95% | -3.82% | 9.72% | 27.53% | 12.84% | 22.79% | -10.57% | 24.44% |
SPYP.DE SPDR MSCI Europe Materials UCITS ETF | 17.42% | 13.01% | -3.09% | 12.36% | -9.22% | 24.42% | 9.86% | 27.43% | -14.57% | 18.99% |
Correlation
The correlation between SC0W.DE and SPYP.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.88 |
The correlation between SC0W.DE and SPYP.DE has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.
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Return for Risk
SC0W.DE vs. SPYP.DE — Risk / Return Rank
SC0W.DE
SPYP.DE
SC0W.DE vs. SPYP.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 SPDR MSCI Europe Materials UCITS ETF (SPYP.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 | SPYP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.26 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.75 | 1.98 | +2.77 |
| Martin ratioReturn relative to average drawdown | 18.77 | 7.94 | +10.82 |
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 | SPYP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.13 | 1.52 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.37 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.57 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.42 | -0.14 |
Drawdowns
SC0W.DE vs. SPYP.DE - Drawdown Comparison
The maximum SC0W.DE drawdown since its inception was -68.06%, which is greater than SPYP.DE's maximum drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for SC0W.DE and SPYP.DE.
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Drawdown Indicators
| SC0W.DE | SPYP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.06% | -36.99% | -31.07% |
Max Drawdown (1Y)Largest decline over 1 year | -17.64% | -13.07% | -4.57% |
Max Drawdown (3Y)Largest decline over 3 years | -34.35% | -20.69% | -13.66% |
Max Drawdown (5Y)Largest decline over 5 years | -38.09% | -22.63% | -15.46% |
Max Drawdown (10Y)Largest decline over 10 years | -45.64% | -35.40% | -10.24% |
Current DrawdownCurrent decline from peak | -2.54% | -1.54% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -21.96% | -7.59% | -14.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 3.26% | +1.12% |
Volatility
SC0W.DE vs. SPYP.DE - Volatility Comparison
Invesco European Basic Resources Sector UCITS ETF (SC0W.DE) has a higher volatility of 10.17% compared to SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) at 6.50%. This indicates that SC0W.DE's price experiences larger fluctuations and is considered to be riskier than SPYP.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 | SPYP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 6.50% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 22.56% | 14.33% | +8.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.72% | 17.04% | +9.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.37% | 17.94% | +9.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.35% | 19.34% | +9.01% |
SC0W.DE vs. SPYP.DE - Expense Ratio Comparison
SC0W.DE has a 0.20% expense ratio, which is higher than SPYP.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
SC0W.DE vs. SPYP.DE - Dividend Comparison
Neither SC0W.DE nor SPYP.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0W.DE and SPYP.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYP.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYP.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC0W.DE.
SC0W.DE tracks STOXX® Europe 600 Optimised Basic Resources, while SPYP.DE tracks MSCI Europe Materials 20/35 Capped. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.20% for SC0W.DE and 0.18% for SPYP.DE.
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