SC0X.DE vs. WELU.DE
SC0X.DE (Invesco European Technology Sector UCITS ETF) and WELU.DE (Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc) are both Technology Equities funds - SC0X.DE tracks the STOXX® Europe 600 Optimised Technology while WELU.DE tracks the S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Information Technology. Both are passively managed. Over the past 3 years, SC0X.DE returned 11.26%/yr vs 27.35%/yr for WELU.DE. A 0.71 correlation means they provide meaningful diversification when combined. SC0X.DE charges 0.20%/yr vs 0.18%/yr for WELU.DE.
Performance
SC0X.DE vs. WELU.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 WELU.DE's 21.54% 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%
WELU.DE
- 1D
- -1.73%
- 1M
- 11.36%
- YTD
- 21.54%
- 6M
- 19.44%
- 1Y
- 43.16%
- 3Y*
- 27.35%
- 5Y*
- —
- 10Y*
- —
SC0X.DE vs. WELU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SC0X.DE Invesco European Technology Sector UCITS ETF | 16.14% | 4.06% | 5.58% | 31.88% | 11.79% |
WELU.DE Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc | 21.54% | 9.54% | 38.64% | 57.43% | 0.20% |
Correlation
The correlation between SC0X.DE and WELU.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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022 | 0.71 |
The correlation between SC0X.DE and WELU.DE has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.
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Return for Risk
SC0X.DE vs. WELU.DE — Risk / Return Rank
SC0X.DE
WELU.DE
SC0X.DE vs. WELU.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 Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.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 | WELU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.35 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 2.70 | -1.95 |
| Martin ratioReturn relative to average drawdown | 1.99 | 6.94 | -4.95 |
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 | WELU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 2.15 | -1.52 |
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 | 1.52 | -0.99 |
Drawdowns
SC0X.DE vs. WELU.DE - Drawdown Comparison
The maximum SC0X.DE drawdown since its inception was -38.91%, which is greater than WELU.DE's maximum drawdown of -28.67%. Use the drawdown chart below to compare losses from any high point for SC0X.DE and WELU.DE.
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Drawdown Indicators
| SC0X.DE | WELU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -28.67% | -10.24% |
Max Drawdown (1Y)Largest decline over 1 year | -18.06% | -16.26% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -28.67% | +4.77% |
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% | -2.65% | +2.42% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -4.74% | -4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 6.35% | +0.53% |
Volatility
SC0X.DE vs. WELU.DE - Volatility Comparison
Invesco European Technology Sector UCITS ETF (SC0X.DE) has a higher volatility of 7.28% compared to Amundi S&P Global Information Technology ESG UCITS ETF EUR Acc (WELU.DE) at 6.70%. This indicates that SC0X.DE's price experiences larger fluctuations and is considered to be riskier than WELU.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 | WELU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 6.70% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 17.98% | 14.75% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 20.41% | +1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.52% | 22.28% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.65% | 22.28% | +0.37% |
SC0X.DE vs. WELU.DE - Expense Ratio Comparison
SC0X.DE has a 0.20% expense ratio, which is higher than WELU.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. WELU.DE - Dividend Comparison
Neither SC0X.DE nor WELU.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0X.DE and WELU.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, WELU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WELU.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 WELU.DE tracks S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Information Technology. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.20% for SC0X.DE and 0.18% for WELU.DE.
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