SC0X.DE vs. L0CK.DE
SC0X.DE (Invesco European Technology Sector UCITS ETF) and L0CK.DE (iShares Digital Security UCITS ETF USD (Acc)) are both Technology Equities funds - SC0X.DE tracks the STOXX® Europe 600 Optimised Technology while L0CK.DE tracks the STOXX® Global Digital Security. Both are passively managed. Over the past 5 years, SC0X.DE returned 6.18%/yr vs 10.97%/yr for L0CK.DE. A 0.74 correlation means they provide meaningful diversification when combined. SC0X.DE charges 0.20%/yr vs 0.40%/yr for L0CK.DE.
Performance
SC0X.DE vs. L0CK.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 L0CK.DE's 19.85% return.
SC0X.DE
- 1D
- 1.07%
- 1M
- 13.46%
- YTD
- 16.14%
- 6M
- 15.05%
- 1Y
- 13.75%
- 3Y*
- 11.26%
- 5Y*
- 6.18%
- 10Y*
- 11.23%
L0CK.DE
- 1D
- -2.66%
- 1M
- 10.58%
- YTD
- 19.85%
- 6M
- 21.05%
- 1Y
- 22.61%
- 3Y*
- 18.48%
- 5Y*
- 10.97%
- 10Y*
- —
SC0X.DE vs. L0CK.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% | -13.96% |
L0CK.DE iShares Digital Security UCITS ETF USD (Acc) | 19.85% | -0.03% | 22.76% | 29.81% | -25.34% | 27.06% | 14.71% | 33.01% | -11.70% |
Correlation
The correlation between SC0X.DE and L0CK.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2018 | 0.74 |
The correlation between SC0X.DE and L0CK.DE shifts across timeframes, from 0.59 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SC0X.DE vs. L0CK.DE — Risk / Return Rank
SC0X.DE
L0CK.DE
SC0X.DE vs. L0CK.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 Digital Security UCITS ETF USD (Acc) (L0CK.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 | L0CK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.20 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.81 | -1.05 |
| Martin ratioReturn relative to average drawdown | 1.99 | 4.44 | -2.44 |
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 | L0CK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 1.09 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.55 | -0.29 |
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 | 0.60 | -0.07 |
Drawdowns
SC0X.DE vs. L0CK.DE - Drawdown Comparison
The maximum SC0X.DE drawdown since its inception was -38.91%, which is greater than L0CK.DE's maximum drawdown of -32.50%. Use the drawdown chart below to compare losses from any high point for SC0X.DE and L0CK.DE.
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Drawdown Indicators
| SC0X.DE | L0CK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -32.50% | -6.41% |
Max Drawdown (1Y)Largest decline over 1 year | -18.06% | -12.47% | -5.59% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -27.07% | +3.17% |
Max Drawdown (5Y)Largest decline over 5 years | -38.91% | -28.54% | -10.37% |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -3.17% | +2.94% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -9.03% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 5.08% | +1.80% |
Volatility
SC0X.DE vs. L0CK.DE - Volatility Comparison
The current volatility for Invesco European Technology Sector UCITS ETF (SC0X.DE) is 7.28%, while iShares Digital Security UCITS ETF USD (Acc) (L0CK.DE) has a volatility of 8.18%. This indicates that SC0X.DE experiences smaller price fluctuations and is considered to be less risky than L0CK.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 | L0CK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 8.18% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 17.98% | 16.31% | +1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 20.67% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.52% | 19.90% | +3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.65% | 20.21% | +2.44% |
SC0X.DE vs. L0CK.DE - Expense Ratio Comparison
SC0X.DE has a 0.20% expense ratio, which is lower than L0CK.DE's 0.40% expense ratio.
Dividends
SC0X.DE vs. L0CK.DE - Dividend Comparison
Neither SC0X.DE nor L0CK.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0X.DE and L0CK.DE have a correlation of 0.59, 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 0.40% for L0CK.DE.
SC0X.DE tracks STOXX® Europe 600 Optimised Technology, while L0CK.DE tracks STOXX® Global Digital Security. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for SC0X.DE and 0.40% for L0CK.DE.
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