SC0X.DE vs. AIAA.DE
SC0X.DE (Invesco European Technology Sector UCITS ETF) and AIAA.DE (iShares AI Adopters & Applications UCITS ETF USD (Acc)) are both Technology Equities funds - SC0X.DE tracks the STOXX® Europe 600 Optimised Technology while AIAA.DE tracks the STOXX Global AI Adopters and Applications Index. Both are passively managed. Over the past year, SC0X.DE returned 13.43% vs 6.08% for AIAA.DE. A 0.73 correlation means they provide meaningful diversification when combined. SC0X.DE charges 0.20%/yr vs 0.35%/yr for AIAA.DE.
Performance
SC0X.DE vs. AIAA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0X.DE achieves a 16.14% return, which is significantly higher than AIAA.DE's -1.50% return.
SC0X.DE
- 1D
- 1.07%
- 1M
- 11.90%
- YTD
- 16.14%
- 6M
- 14.63%
- 1Y
- 13.43%
- 3Y*
- 11.26%
- 5Y*
- 6.18%
- 10Y*
- 11.23%
AIAA.DE
- 1D
- 1.37%
- 1M
- 4.93%
- YTD
- -1.50%
- 6M
- -1.86%
- 1Y
- 6.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SC0X.DE vs. AIAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SC0X.DE Invesco European Technology Sector UCITS ETF | 16.14% | 4.06% | -2.54% |
AIAA.DE iShares AI Adopters & Applications UCITS ETF USD (Acc) | -1.50% | 5.44% | -1.65% |
Correlation
The correlation between SC0X.DE and AIAA.DE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2024 | 0.73 |
The correlation between SC0X.DE and AIAA.DE has been stable across timeframes, ranging from 0.71 to 0.73 - a consistent structural relationship.
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Return for Risk
SC0X.DE vs. AIAA.DE — Risk / Return Rank
SC0X.DE
AIAA.DE
SC0X.DE vs. AIAA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Technology Sector UCITS ETF (SC0X.DE) and iShares AI Adopters & Applications UCITS ETF USD (Acc) (AIAA.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.
| SC0X.DE | AIAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.09 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.46 | +0.30 |
| Martin ratioReturn relative to average drawdown | 1.99 | 1.20 | +0.79 |
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
| SC0X.DE | AIAA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.46 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.08 | +0.45 |
Drawdowns
SC0X.DE vs. AIAA.DE - Drawdown Comparison
The maximum SC0X.DE drawdown since its inception was -38.91%, which is greater than AIAA.DE's maximum drawdown of -24.42%. Use the drawdown chart below to compare losses from any high point for SC0X.DE and AIAA.DE.
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Drawdown Indicators
| SC0X.DE | AIAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -24.42% | -14.49% |
Max Drawdown (1Y)Largest decline over 1 year | -18.06% | -13.31% | -4.75% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -4.34% | +4.11% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -7.45% | -1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 5.12% | +1.76% |
Volatility
SC0X.DE vs. AIAA.DE - Volatility Comparison
Invesco European Technology Sector UCITS ETF (SC0X.DE) has a higher volatility of 7.28% compared to iShares AI Adopters & Applications UCITS ETF USD (Acc) (AIAA.DE) at 3.63%. This indicates that SC0X.DE's price experiences larger fluctuations and is considered to be riskier than AIAA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0X.DE | AIAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 3.63% | +3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 17.98% | 10.08% | +7.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 13.43% | +8.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.52% | 17.46% | +6.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.65% | 17.46% | +5.19% |
SC0X.DE vs. AIAA.DE - Expense Ratio Comparison
SC0X.DE has a 0.20% expense ratio, which is lower than AIAA.DE's 0.35% expense ratio.
Dividends
SC0X.DE vs. AIAA.DE - Dividend Comparison
Neither SC0X.DE nor AIAA.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0X.DE and AIAA.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0X.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0X.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for AIAA.DE.
SC0X.DE tracks STOXX® Europe 600 Optimised Technology, while AIAA.DE tracks STOXX Global AI Adopters and Applications Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for SC0X.DE and 0.35% for AIAA.DE.
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