SC0X.DE vs. ETLH.DE
SC0X.DE (Invesco European Technology Sector UCITS ETF) and ETLH.DE (L&G Ecommerce Logistics UCITS ETF) are both Technology Equities funds - SC0X.DE tracks the STOXX® Europe 600 Optimised Technology while ETLH.DE tracks the Solactive eCommerce Logistics. Both are passively managed. Over the past 5 years, SC0X.DE returned 6.18%/yr vs 2.34%/yr for ETLH.DE. A 0.73 correlation means they provide meaningful diversification when combined. SC0X.DE charges 0.20%/yr vs 0.49%/yr for ETLH.DE.
Performance
SC0X.DE vs. ETLH.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 ETLH.DE's 0.49% 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%
ETLH.DE
- 1D
- 1.09%
- 1M
- 4.11%
- YTD
- 0.49%
- 6M
- 1.45%
- 1Y
- 4.62%
- 3Y*
- 5.96%
- 5Y*
- 2.34%
- 10Y*
- —
SC0X.DE vs. ETLH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SC0X.DE Invesco European Technology Sector UCITS ETF | 16.14% | 4.06% | 5.58% | 31.88% | -27.14% | 23.14% | 20.27% | 35.13% | -8.62% |
ETLH.DE L&G Ecommerce Logistics UCITS ETF | 0.49% | -0.43% | 8.79% | 17.72% | -16.87% | 27.97% | 30.38% | 35.30% | -10.20% |
Correlation
The correlation between SC0X.DE and ETLH.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2018 | 0.73 |
The correlation between SC0X.DE and ETLH.DE has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.
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Return for Risk
SC0X.DE vs. ETLH.DE — Risk / Return Rank
SC0X.DE
ETLH.DE
SC0X.DE vs. ETLH.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 L&G Ecommerce Logistics UCITS ETF (ETLH.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 | ETLH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.06 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.37 | +0.39 |
| Martin ratioReturn relative to average drawdown | 1.99 | 0.96 | +1.03 |
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 | ETLH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 0.32 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.14 | +0.12 |
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 | 0.56 | -0.02 |
Drawdowns
SC0X.DE vs. ETLH.DE - Drawdown Comparison
The maximum SC0X.DE drawdown since its inception was -38.91%, which is greater than ETLH.DE's maximum drawdown of -27.60%. Use the drawdown chart below to compare losses from any high point for SC0X.DE and ETLH.DE.
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Drawdown Indicators
| SC0X.DE | ETLH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -27.60% | -11.31% |
Max Drawdown (1Y)Largest decline over 1 year | -18.06% | -12.61% | -5.45% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -25.70% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -38.91% | -26.37% | -12.54% |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -7.50% | +7.27% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -8.28% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 4.89% | +1.99% |
Volatility
SC0X.DE vs. ETLH.DE - Volatility Comparison
Invesco European Technology Sector UCITS ETF (SC0X.DE) has a higher volatility of 7.28% compared to L&G Ecommerce Logistics UCITS ETF (ETLH.DE) at 4.00%. This indicates that SC0X.DE's price experiences larger fluctuations and is considered to be riskier than ETLH.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 | ETLH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 4.00% | +3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 17.98% | 10.62% | +7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 14.85% | +6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.52% | 16.60% | +6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.65% | 17.49% | +5.16% |
SC0X.DE vs. ETLH.DE - Expense Ratio Comparison
SC0X.DE has a 0.20% expense ratio, which is lower than ETLH.DE's 0.49% expense ratio.
Dividends
SC0X.DE vs. ETLH.DE - Dividend Comparison
Neither SC0X.DE nor ETLH.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0X.DE and ETLH.DE have a correlation of 0.67, 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 0.49% for ETLH.DE.
SC0X.DE tracks STOXX® Europe 600 Optimised Technology, while ETLH.DE tracks Solactive eCommerce Logistics. They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.20% for SC0X.DE and 0.49% for ETLH.DE.
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