SC0X.DE vs. EQEU.DE
SC0X.DE (Invesco European Technology Sector UCITS ETF) and EQEU.DE (Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged) are both exchange-traded funds - SC0X.DE is a Technology Equities fund tracking the STOXX® Europe 600 Optimised Technology, while EQEU.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Notional Net Total Return Index. Both are passively managed. Over the past 5 years, SC0X.DE returned 6.18%/yr vs 14.74%/yr for EQEU.DE. A 0.76 correlation means they provide meaningful diversification when combined. SC0X.DE charges 0.20%/yr vs 0.35%/yr for EQEU.DE.
Performance
SC0X.DE vs. EQEU.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 lower than EQEU.DE's 17.47% 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%
EQEU.DE
- 1D
- -0.76%
- 1M
- 6.59%
- YTD
- 17.47%
- 6M
- 16.78%
- 1Y
- 35.29%
- 3Y*
- 25.32%
- 5Y*
- 14.74%
- 10Y*
- —
SC0X.DE vs. EQEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0X.DE Invesco European Technology Sector UCITS ETF | 16.14% | 4.06% | 5.58% | 31.88% | -27.14% | 23.14% | 20.27% | 35.13% | -10.08% | -2.88% |
EQEU.DE Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged | 17.47% | 18.24% | 24.15% | 51.95% | -36.56% | 27.85% | 45.20% | 34.82% | -4.34% | 5.73% |
Correlation
The correlation between SC0X.DE and EQEU.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2017 | 0.76 |
The correlation between SC0X.DE and EQEU.DE has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.
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Return for Risk
SC0X.DE vs. EQEU.DE — Risk / Return Rank
SC0X.DE
EQEU.DE
SC0X.DE vs. EQEU.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 Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged (EQEU.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 | EQEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.39 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.02 | -2.26 |
| Martin ratioReturn relative to average drawdown | 1.99 | 10.63 | -8.63 |
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 | EQEU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 2.27 | -1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.70 | -0.44 |
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 | 0.86 | -0.33 |
Drawdowns
SC0X.DE vs. EQEU.DE - Drawdown Comparison
The maximum SC0X.DE drawdown since its inception was -38.91%, roughly equal to the maximum EQEU.DE drawdown of -37.97%. Use the drawdown chart below to compare losses from any high point for SC0X.DE and EQEU.DE.
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Drawdown Indicators
| SC0X.DE | EQEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -37.97% | -0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -18.06% | -12.02% | -6.04% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -22.08% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -38.91% | -37.97% | -0.94% |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.89% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -8.03% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 3.42% | +3.46% |
Volatility
SC0X.DE vs. EQEU.DE - Volatility Comparison
Invesco European Technology Sector UCITS ETF (SC0X.DE) has a higher volatility of 7.28% compared to Invesco EQQQ NASDAQ-100 UCITS ETF EUR Hedged (EQEU.DE) at 4.77%. This indicates that SC0X.DE's price experiences larger fluctuations and is considered to be riskier than EQEU.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 | EQEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 4.77% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 17.98% | 11.98% | +6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 15.97% | +5.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.52% | 20.79% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.65% | 21.03% | +1.62% |
SC0X.DE vs. EQEU.DE - Expense Ratio Comparison
SC0X.DE has a 0.20% expense ratio, which is lower than EQEU.DE's 0.35% expense ratio.
Dividends
SC0X.DE vs. EQEU.DE - Dividend Comparison
Neither SC0X.DE nor EQEU.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0X.DE and EQEU.DE have a correlation of 0.69, 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 EQEU.DE.
SC0X.DE is categorized as Technology Equities, while EQEU.DE is Nasdaq-100. SC0X.DE tracks STOXX® Europe 600 Optimised Technology, while EQEU.DE tracks NASDAQ-100 Notional Net Total Return Index. Their fees differ too: 0.20% for SC0X.DE and 0.35% for EQEU.DE.
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