SC0X.DE vs. ZPDT.DE
SC0X.DE (Invesco European Technology Sector UCITS ETF) and ZPDT.DE (SPDR S&P US Technology Select Sector UCITS ETF) are both Technology Equities funds - SC0X.DE tracks the STOXX® Europe 600 Optimised Technology while ZPDT.DE tracks the S&P Technology Select Sector. Both are passively managed. Over the past 10 years, SC0X.DE returned 11.23%/yr vs 24.05%/yr for ZPDT.DE. A 0.73 correlation means they provide meaningful diversification when combined. SC0X.DE charges 0.20%/yr vs 0.15%/yr for ZPDT.DE.
Performance
SC0X.DE vs. ZPDT.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 ZPDT.DE's 24.09% return. Over the past 10 years, SC0X.DE has underperformed ZPDT.DE with an annualized return of 11.23%, while ZPDT.DE has yielded a comparatively higher 24.05% 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%
ZPDT.DE
- 1D
- -2.28%
- 1M
- 11.72%
- YTD
- 24.09%
- 6M
- 22.52%
- 1Y
- 48.51%
- 3Y*
- 26.33%
- 5Y*
- 22.38%
- 10Y*
- 24.05%
SC0X.DE vs. ZPDT.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% |
ZPDT.DE SPDR S&P US Technology Select Sector UCITS ETF | 24.09% | 11.31% | 29.30% | 52.02% | -25.52% | 47.48% | 30.46% | 53.58% | 1.75% | 17.29% |
Correlation
The correlation between SC0X.DE and ZPDT.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2015 | 0.73 |
The correlation between SC0X.DE and ZPDT.DE has been stable across timeframes, ranging from 0.63 to 0.73 - a consistent structural relationship.
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Return for Risk
SC0X.DE vs. ZPDT.DE — Risk / Return Rank
SC0X.DE
ZPDT.DE
SC0X.DE vs. ZPDT.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 S&P US Technology Select Sector UCITS ETF (ZPDT.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 | ZPDT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.39 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 3.19 | -2.43 |
| Martin ratioReturn relative to average drawdown | 1.99 | 8.35 | -6.36 |
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 | ZPDT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 2.43 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.99 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 1.12 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.03 | -0.50 |
Drawdowns
SC0X.DE vs. ZPDT.DE - Drawdown Comparison
The maximum SC0X.DE drawdown since its inception was -38.91%, which is greater than ZPDT.DE's maximum drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for SC0X.DE and ZPDT.DE.
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Drawdown Indicators
| SC0X.DE | ZPDT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.91% | -31.48% | -7.43% |
Max Drawdown (1Y)Largest decline over 1 year | -18.06% | -15.47% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -29.50% | +5.60% |
Max Drawdown (5Y)Largest decline over 5 years | -38.91% | -29.50% | -9.41% |
Max Drawdown (10Y)Largest decline over 10 years | -38.91% | -31.48% | -7.43% |
Current DrawdownCurrent decline from peak | -0.23% | -3.09% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -8.77% | -5.68% | -3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 5.91% | +0.97% |
Volatility
SC0X.DE vs. ZPDT.DE - Volatility Comparison
Invesco European Technology Sector UCITS ETF (SC0X.DE) and SPDR S&P US Technology Select Sector UCITS ETF (ZPDT.DE) have volatilities of 7.28% and 7.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0X.DE | ZPDT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 7.06% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 17.98% | 14.78% | +3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 20.30% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.52% | 22.33% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.65% | 21.38% | +1.27% |
SC0X.DE vs. ZPDT.DE - Expense Ratio Comparison
SC0X.DE has a 0.20% expense ratio, which is higher than ZPDT.DE's 0.15% 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. ZPDT.DE - Dividend Comparison
Neither SC0X.DE nor ZPDT.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0X.DE and ZPDT.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDT.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDT.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for SC0X.DE.
SC0X.DE tracks STOXX® Europe 600 Optimised Technology, while ZPDT.DE tracks S&P Technology Select Sector. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.20% for SC0X.DE and 0.15% for ZPDT.DE.
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