SC0X.DE vs. FWEA.DE
SC0X.DE (Invesco European Technology Sector UCITS ETF) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - SC0X.DE is a Technology Equities fund tracking the STOXX® Europe 600 Optimised Technology, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, SC0X.DE returned 13.43% vs 25.98% for FWEA.DE. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
SC0X.DE vs. FWEA.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 FWEA.DE's 10.64% 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%
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.84%
- YTD
- 10.64%
- 6M
- 11.58%
- 1Y
- 25.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SC0X.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SC0X.DE Invesco European Technology Sector UCITS ETF | 16.14% | 4.06% | 5.58% | 10.04% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between SC0X.DE and FWEA.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 Jun 27, 2023 | 0.74 |
The correlation between SC0X.DE and FWEA.DE has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.
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Return for Risk
SC0X.DE vs. FWEA.DE — Risk / Return Rank
SC0X.DE
FWEA.DE
SC0X.DE vs. FWEA.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 FTSE All-World UCITS ETF (FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.43 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.18 | -2.42 |
| Martin ratioReturn relative to average drawdown | 1.99 | 13.52 | -11.53 |
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 | FWEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 2.30 | -1.66 |
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 | 1.51 | -0.98 |
Drawdowns
SC0X.DE vs. FWEA.DE - Drawdown Comparison
The maximum SC0X.DE drawdown since its inception was -38.91%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for SC0X.DE and FWEA.DE.
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Drawdown Indicators
| SC0X.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -17.48% | -21.43% |
Max Drawdown (1Y)Largest decline over 1 year | -18.06% | -8.28% | -9.78% |
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% | -0.81% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -1.86% | -6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 1.95% | +4.93% |
Volatility
SC0X.DE vs. FWEA.DE - Volatility Comparison
Invesco European Technology Sector UCITS ETF (SC0X.DE) has a higher volatility of 7.28% compared to Invesco FTSE All-World UCITS ETF (FWEA.DE) at 3.36%. This indicates that SC0X.DE's price experiences larger fluctuations and is considered to be riskier than FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 3.36% | +3.92% |
Volatility (6M)Calculated over the trailing 6-month period | 17.98% | 8.93% | +9.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 11.45% | +10.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.52% | 12.72% | +10.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.65% | 12.72% | +9.93% |
SC0X.DE vs. FWEA.DE - Expense Ratio Comparison
Both SC0X.DE and FWEA.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SC0X.DE vs. FWEA.DE - Dividend Comparison
Neither SC0X.DE nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0X.DE and FWEA.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.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SC0X.DE and FWEA.DE have the same expense ratio: 0.20% per year.
SC0X.DE is categorized as Technology Equities, while FWEA.DE is Global Equities. SC0X.DE tracks STOXX® Europe 600 Optimised Technology, while FWEA.DE tracks FTSE All-World Index.
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