SC0X.DE vs. SPYK.DE
SC0X.DE (Invesco European Technology Sector UCITS ETF) and SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) are both Technology Equities funds - SC0X.DE tracks the STOXX® Europe 600 Optimised Technology while SPYK.DE tracks the MSCI Europe Information Technology 20/35 Capped. Both are passively managed. Over the past 10 years, SC0X.DE returned 11.23%/yr vs 16.39%/yr for SPYK.DE. With a 0.96 correlation, they move nearly in lockstep. SC0X.DE charges 0.20%/yr vs 0.18%/yr for SPYK.DE.
Performance
SC0X.DE vs. SPYK.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SC0X.DE achieves a 16.14% return, which is significantly lower than SPYK.DE's 50.09% return. Over the past 10 years, SC0X.DE has underperformed SPYK.DE with an annualized return of 11.23%, while SPYK.DE has yielded a comparatively higher 16.39% annualized 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%
SPYK.DE
- 1D
- 0.27%
- 1M
- 17.71%
- YTD
- 50.09%
- 6M
- 47.48%
- 1Y
- 59.52%
- 3Y*
- 24.74%
- 5Y*
- 15.13%
- 10Y*
- 16.39%
SC0X.DE vs. SPYK.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% | 19.26% |
SPYK.DE SPDR MSCI Europe Technology UCITS ETF | 50.09% | 10.46% | 8.46% | 35.03% | -28.76% | 36.64% | 13.36% | 38.97% | -7.68% | 19.55% |
Correlation
The correlation between SC0X.DE and SPYK.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.96 |
The correlation between SC0X.DE and SPYK.DE has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SC0X.DE vs. SPYK.DE — Risk / Return Rank
SC0X.DE
SPYK.DE
SC0X.DE vs. SPYK.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 SPDR MSCI Europe Technology UCITS ETF (SPYK.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 | SPYK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.38 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 4.59 | -3.83 |
| Martin ratioReturn relative to average drawdown | 1.99 | 12.19 | -10.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SC0X.DE | SPYK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 2.30 | -1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.58 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.67 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.63 | -0.10 |
Drawdowns
SC0X.DE vs. SPYK.DE - Drawdown Comparison
The maximum SC0X.DE drawdown since its inception was -38.91%, roughly equal to the maximum SPYK.DE drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for SC0X.DE and SPYK.DE.
Loading charts...
Drawdown Indicators
| SC0X.DE | SPYK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -38.45% | -0.46% |
Max Drawdown (1Y)Largest decline over 1 year | -18.06% | -12.99% | -5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -27.02% | +3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -38.91% | -38.45% | -0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | -38.45% | -0.46% |
Current DrawdownCurrent decline from peak | -0.23% | -0.09% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -8.36% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 4.90% | +1.98% |
Volatility
SC0X.DE vs. SPYK.DE - Volatility Comparison
The current volatility for Invesco European Technology Sector UCITS ETF (SC0X.DE) is 7.28%, while SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) has a volatility of 10.31%. This indicates that SC0X.DE experiences smaller price fluctuations and is considered to be less risky than SPYK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SC0X.DE | SPYK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 10.31% | -3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 17.98% | 20.95% | -2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 25.88% | -4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.52% | 25.86% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.65% | 24.18% | -1.53% |
SC0X.DE vs. SPYK.DE - Expense Ratio Comparison
SC0X.DE has a 0.20% expense ratio, which is higher than SPYK.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SC0X.DE vs. SPYK.DE - Dividend Comparison
Neither SC0X.DE nor SPYK.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SC0X.DE and SPYK.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPYK.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYK.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC0X.DE.
SC0X.DE tracks STOXX® Europe 600 Optimised Technology, while SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.20% for SC0X.DE and 0.18% for SPYK.DE.
Find the right allocation for SC0X.DE and SPYK.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer