SC0W.DE vs. WELV.DE
SC0W.DE (Invesco European Basic Resources Sector UCITS ETF) and WELV.DE (Amundi S&P Global Materials ESG UCITS ETF EUR Dist) are both Industrials Equities funds - SC0W.DE tracks the STOXX® Europe 600 Optimised Basic Resources while WELV.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials. Both are passively managed. Over the past 3 years, SC0W.DE returned 20.41%/yr vs 13.15%/yr for WELV.DE. A 0.68 correlation means they provide meaningful diversification when combined. SC0W.DE charges 0.20%/yr vs 0.18%/yr for WELV.DE.
Performance
SC0W.DE vs. WELV.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 WELV.DE's 16.85% 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%
WELV.DE
- 1D
- -0.38%
- 1M
- 5.22%
- YTD
- 16.85%
- 6M
- 21.50%
- 1Y
- 32.47%
- 3Y*
- 13.15%
- 5Y*
- —
- 10Y*
- —
SC0W.DE vs. WELV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SC0W.DE Invesco European Basic Resources Sector UCITS ETF | 32.91% | 33.79% | -7.95% | -3.82% | 2.98% |
WELV.DE Amundi S&P Global Materials ESG UCITS ETF EUR Dist | 16.85% | 14.77% | -0.57% | 9.65% | -1.62% |
Correlation
The correlation between SC0W.DE and WELV.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2022 | 0.68 |
The correlation between SC0W.DE and WELV.DE shifts across timeframes, from 0.68 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SC0W.DE vs. WELV.DE — Risk / Return Rank
SC0W.DE
WELV.DE
SC0W.DE vs. WELV.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 Amundi S&P Global Materials ESG UCITS ETF EUR Dist (WELV.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 | WELV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.33 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.75 | 2.34 | +2.41 |
| Martin ratioReturn relative to average drawdown | 18.77 | 9.43 | +9.34 |
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 | WELV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.13 | 1.86 | +1.27 |
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 | 0.76 | -0.48 |
Drawdowns
SC0W.DE vs. WELV.DE - Drawdown Comparison
The maximum SC0W.DE drawdown since its inception was -68.06%, which is greater than WELV.DE's maximum drawdown of -21.27%. Use the drawdown chart below to compare losses from any high point for SC0W.DE and WELV.DE.
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Drawdown Indicators
| SC0W.DE | WELV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.06% | -21.27% | -46.79% |
Max Drawdown (1Y)Largest decline over 1 year | -17.64% | -14.36% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -34.35% | -21.27% | -13.08% |
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% | -1.63% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -21.96% | -4.71% | -17.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.38% | 3.51% | +0.87% |
Volatility
SC0W.DE vs. WELV.DE - Volatility Comparison
Invesco European Basic Resources Sector UCITS ETF (SC0W.DE) has a higher volatility of 10.17% compared to Amundi S&P Global Materials ESG UCITS ETF EUR Dist (WELV.DE) at 6.61%. This indicates that SC0W.DE's price experiences larger fluctuations and is considered to be riskier than WELV.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 | WELV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 6.61% | +3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 22.56% | 15.33% | +7.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.72% | 18.02% | +8.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.37% | 16.99% | +10.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.35% | 16.99% | +11.36% |
SC0W.DE vs. WELV.DE - Expense Ratio Comparison
SC0W.DE has a 0.20% expense ratio, which is higher than WELV.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. WELV.DE - Dividend Comparison
SC0W.DE has not paid dividends to shareholders, while WELV.DE's dividend yield for the trailing twelve months is around 1.43%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SC0W.DE Invesco European Basic Resources Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
WELV.DE Amundi S&P Global Materials ESG UCITS ETF EUR Dist | 1.43% | 1.77% | 2.71% | 0.31% |
Frequently Asked Questions
SC0W.DE and WELV.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WELV.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELV.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 WELV.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Materials. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.20% for SC0W.DE and 0.18% for WELV.DE.
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