SC0X.DE vs. VVSM.DE
SC0X.DE (Invesco European Technology Sector UCITS ETF) and VVSM.DE (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - SC0X.DE is a Technology Equities fund tracking the STOXX® Europe 600 Optimised Technology, while VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index. Both are passively managed. Over the past 5 years, SC0X.DE returned 6.18%/yr vs 38.05%/yr for VVSM.DE. A 0.76 correlation means they provide meaningful diversification when combined. SC0X.DE charges 0.20%/yr vs 0.35%/yr for VVSM.DE.
Performance
SC0X.DE vs. VVSM.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 VVSM.DE's 86.02% 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%
VVSM.DE
- 1D
- -2.77%
- 1M
- 22.85%
- YTD
- 86.02%
- 6M
- 85.84%
- 1Y
- 166.04%
- 3Y*
- 56.95%
- 5Y*
- 38.05%
- 10Y*
- —
SC0X.DE vs. VVSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SC0X.DE Invesco European Technology Sector UCITS ETF | 16.14% | 4.06% | 5.58% | 31.88% | -27.14% | 23.14% | 4.38% |
VVSM.DE VanEck Semiconductor UCITS ETF | 86.02% | 33.22% | 31.47% | 70.16% | -32.77% | 58.37% | 1.50% |
Correlation
The correlation between SC0X.DE and VVSM.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.76 |
The correlation between SC0X.DE and VVSM.DE shifts across timeframes, from 0.66 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SC0X.DE vs. VVSM.DE — Risk / Return Rank
SC0X.DE
VVSM.DE
SC0X.DE vs. VVSM.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 VanEck Semiconductor UCITS ETF (VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.54 | ||
| Sortino ratioReturn per unit of downside risk | -4.28 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.68 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 14.16 | -13.41 |
| Martin ratioReturn relative to average drawdown | 1.99 | 48.94 | -46.94 |
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 | VVSM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 5.17 | -4.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 1.21 | -0.95 |
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 | 1.24 | -0.70 |
Drawdowns
SC0X.DE vs. VVSM.DE - Drawdown Comparison
The maximum SC0X.DE drawdown since its inception was -38.91%, roughly equal to the maximum VVSM.DE drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for SC0X.DE and VVSM.DE.
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Drawdown Indicators
| SC0X.DE | VVSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -37.64% | -1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -18.06% | -11.65% | -6.41% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -37.53% | +13.63% |
Max Drawdown (5Y)Largest decline over 5 years | -38.91% | -37.64% | -1.27% |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -2.77% | +2.54% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -10.22% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 3.38% | +3.50% |
Volatility
SC0X.DE vs. VVSM.DE - Volatility Comparison
The current volatility for Invesco European Technology Sector UCITS ETF (SC0X.DE) is 7.28%, while VanEck Semiconductor UCITS ETF (VVSM.DE) has a volatility of 12.04%. This indicates that SC0X.DE experiences smaller price fluctuations and is considered to be less risky than VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 12.04% | -4.76% |
Volatility (6M)Calculated over the trailing 6-month period | 17.98% | 24.35% | -6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 31.92% | -10.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.52% | 31.15% | -7.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.65% | 30.81% | -8.16% |
SC0X.DE vs. VVSM.DE - Expense Ratio Comparison
SC0X.DE has a 0.20% expense ratio, which is lower than VVSM.DE's 0.35% expense ratio.
Dividends
SC0X.DE vs. VVSM.DE - Dividend Comparison
Neither SC0X.DE nor VVSM.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0X.DE and VVSM.DE have a correlation of 0.66, 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 VVSM.DE.
SC0X.DE is categorized as Technology Equities, while VVSM.DE is Semiconductors. SC0X.DE tracks STOXX® Europe 600 Optimised Technology, while VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.20% for SC0X.DE and 0.35% for VVSM.DE.
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