SC0W.DE vs. VOO

Last updated Jul 16, 2026

SC0W.DE (Invesco European Basic Resources Sector UCITS ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - SC0W.DE is a Industrials Equities fund tracking the STOXX® Europe 600 Optimised Basic Resources, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SC0W.DE returned 14.20%/yr vs 14.79%/yr for VOO. At a 0.33 correlation, their price movements are largely independent. SC0W.DE charges 0.20%/yr vs 0.03%/yr for VOO.

Performance

SC0W.DE vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco European Basic Resources Sector UCITS ETF (SC0W.DE) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SC0W.DE is traded in EUR, while VOO is traded in USD. To make them comparable, the VOO values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SC0W.DE achieves a 18.60% return, which is significantly higher than VOO's 13.89% return. Both investments have delivered pretty close results over the past 10 years, with SC0W.DE having a 14.20% annualized return and VOO not far ahead at 14.79%.

SC0W.DE

• 1D: -1.16%
• 1M: -9.64%
• 6M: 7.93%
• YTD: 18.60%
• 1Y: 63.61%
• 3Y*: 15.03%
• 5Y*: 10.44%
• 10Y*: 14.20%

VOO

• 1D: 0.00%
• 1M: 1.25%
• 6M: 11.52%
• YTD: 13.89%
• 1Y: 24.04%
• 3Y*: 19.57%
• 5Y*: 14.07%
• 10Y*: 14.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SC0W.DE vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SC0W.DE Invesco European Basic Resources Sector UCITS ETF	18.60%	33.79%	-7.95%	-3.82%	9.72%	27.53%	12.84%	22.79%	-10.57%	24.44%
VOO Vanguard S&P 500 ETF	13.97%	3.84%	33.23%	22.54%	-13.10%	38.43%	8.57%	34.33%	-0.02%	6.81%

Correlation

The correlation between SC0W.DE and VOO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010	0.33

The correlation between SC0W.DE and VOO shifts across timeframes, from 0.21 (5 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SC0W.DE vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SC0W.DE

SC0W.DE Risk / Return Rank: 80
SC0W.DE Sharpe Ratio Rank: 87
SC0W.DE Sortino Ratio Rank: 81
SC0W.DE Omega Ratio Rank: 77
SC0W.DE Calmar Ratio Rank: 82
SC0W.DE Martin Ratio Rank: 75

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 69
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 64
VOO Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SC0W.DE vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SC0W.DE	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.25	1.92	+0.33
Sortino ratio: Return per unit of downside risk	2.88	2.50	+0.38
Omega ratio: Gain probability vs. loss probability	1.36	1.35	+0.01
Calmar ratio: Return relative to maximum drawdown	3.54	3.28	+0.26
Martin ratio: Return relative to average drawdown	11.05	12.26	-1.20

SC0W.DE vs. VOO - Sharpe Ratio Comparison

The current SC0W.DE Sharpe Ratio is 2.25, which is comparable to the VOO Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of SC0W.DE and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SC0W.DE vs. VOO - Drawdown Comparison

The maximum SC0W.DE drawdown since its inception was -68.06%, which is greater than VOO's maximum drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for SC0W.DE and VOO.

Drawdown Indicators

	SC0W.DE	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-68.06%	-33.49%	-34.57%
Max Drawdown (1Y) Largest decline over 1 year	-17.90%	-7.37%	-10.53%
Max Drawdown (3Y) Largest decline over 3 years	-34.35%	-23.87%	-10.48%
Max Drawdown (5Y) Largest decline over 5 years	-38.09%	-23.87%	-14.22%
Max Drawdown (10Y) Largest decline over 10 years	-45.64%	-33.49%	-12.15%
Current Drawdown Current decline from peak	-13.03%	-0.56%	-12.47%
Average Drawdown Average peak-to-trough decline	-21.67%	-4.02%	-17.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.74%	1.97%	+3.77%

Volatility

SC0W.DE vs. VOO - Volatility Comparison

Invesco European Basic Resources Sector UCITS ETF (SC0W.DE) has a higher volatility of 9.55% compared to Vanguard S&P 500 ETF (VOO) at 3.29%. This indicates that SC0W.DE's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SC0W.DE	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.55%	3.29%	+6.26%
Volatility (6M) Calculated over the trailing 6-month period	24.63%	9.18%	+15.45%
Volatility (1Y) Calculated over the trailing 1-year period	28.10%	12.57%	+15.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.57%	16.77%	+10.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.11%	18.54%	+9.57%

SC0W.DE vs. VOO - Expense Ratio Comparison

SC0W.DE has a 0.20% expense ratio, which is higher than VOO's 0.03% 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. VOO - Dividend Comparison

SC0W.DE has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.06%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SC0W.DE Invesco European Basic Resources Sector UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.06%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both SC0W.DE and VOO in my portfolio?

SC0W.DE and VOO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SC0W.DE or VOO?

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SC0W.DE or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.20% for SC0W.DE.

What is the main difference between SC0W.DE and VOO?

SC0W.DE is categorized as Industrials Equities, while VOO is S&P 500. SC0W.DE tracks STOXX® Europe 600 Optimised Basic Resources, while VOO tracks S&P 500 Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.20% for SC0W.DE and 0.03% for VOO.