SC0Y.DE vs. ^GSPC
SC0Y.DE (Invesco European Insurance Sector UCITS ETF Acc) is Financials Equities fund tracking the STOXX® Europe 600 Optimised Insurance, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, SC0Y.DE returned 10.75%/yr vs 13.40%/yr for ^GSPC. At a 0.37 correlation, their price movements are largely independent.
Performance
SC0Y.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
SC0Y.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SC0Y.DE achieves a -2.77% return, which is significantly lower than ^GSPC's 12.06% return. Over the past 10 years, SC0Y.DE has underperformed ^GSPC with an annualized return of 10.75%, while ^GSPC has yielded a comparatively higher 13.40% annualized return.
SC0Y.DE
- 1D
- 0.26%
- 1M
- -1.73%
- YTD
- -2.77%
- 6M
- 2.04%
- 1Y
- 2.50%
- 3Y*
- 17.89%
- 5Y*
- 13.84%
- 10Y*
- 10.75%
^GSPC
- 1D
- 0.27%
- 1M
- 5.17%
- YTD
- 12.06%
- 6M
- 10.90%
- 1Y
- 24.89%
- 3Y*
- 17.85%
- 5Y*
- 13.43%
- 10Y*
- 13.40%
SC0Y.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0Y.DE Invesco European Insurance Sector UCITS ETF Acc | -2.77% | 29.31% | 22.30% | 12.85% | 2.78% | 19.96% | -10.11% | 29.63% | -7.85% | 10.14% |
^GSPC S&P 500 Index | 12.06% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between SC0Y.DE and ^GSPC is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2009 | 0.37 |
The correlation between SC0Y.DE and ^GSPC shifts across timeframes, from 0.19 (3 years) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SC0Y.DE vs. ^GSPC — Risk / Return Rank
SC0Y.DE
^GSPC
SC0Y.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco European Insurance Sector UCITS ETF Acc (SC0Y.DE) and S&P 500 Index (^GSPC). 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.
| SC0Y.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 3.30 | -2.95 |
| Martin ratioReturn relative to average drawdown | 0.71 | 12.34 | -11.63 |
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
| SC0Y.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 2.04 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.80 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.72 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.51 | +0.01 |
Drawdowns
SC0Y.DE vs. ^GSPC - Drawdown Comparison
The maximum SC0Y.DE drawdown since its inception was -46.88%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for SC0Y.DE and ^GSPC.
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Drawdown Indicators
| SC0Y.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.88% | -51.62% | +4.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.02% | -7.57% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -23.99% | +11.39% |
Max Drawdown (5Y)Largest decline over 5 years | -18.89% | -23.99% | +5.10% |
Max Drawdown (10Y)Largest decline over 10 years | -46.88% | -33.42% | -13.46% |
Current DrawdownCurrent decline from peak | -5.41% | -0.20% | -5.21% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -9.08% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 2.02% | +1.47% |
Volatility
SC0Y.DE vs. ^GSPC - Volatility Comparison
Invesco European Insurance Sector UCITS ETF Acc (SC0Y.DE) has a higher volatility of 4.60% compared to S&P 500 Index (^GSPC) at 2.24%. This indicates that SC0Y.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0Y.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 2.24% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 8.62% | +2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 12.29% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.61% | 16.79% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.86% | 18.59% | +1.27% |
Frequently Asked Questions
SC0Y.DE and ^GSPC have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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